Member Info for steward1

The last RNS was bullish and sounded as if they were close so I'm not surprised. He has to tell the market asap so perhaps we'll get something lunchtime/after lunch.

Johnnypc - I think I've said that we'd see close to 1p this month on news of the deal.

Bound to be leaked before the official announcement!

Deal on the way?

I'm thinking that they perhaps had an interim update on something last week (either the JV, Ghana or both) or, at the very least, they know that things are going very well so they moved quickly to grant these options (almost double what was granted in January). Management team will be very well rewarded when this takes off.

Share options - these guys know what's coming down the line and getting their share options in (at a premium to the market price, I might add). This looks like a big positive to me.

Good to see a wee rally - not much activity but looks like each buy is ticking this up.

Acker - almost sold everything else yesterday to add more of Prem. My wee portfolio has drifted down over the last couple of months. Glad I stuck with CLON - having its own rally today.

Absolutely Acker!

Feeling very bullish for August. Despite all my reservations about GR over the years, he seems to be doing a great job just now. Right man, right place, right time!

There's still plenty of momentum in this rally... we could get more positive news at anytime today/this week.

If GR strikes a deal with Canmax, he has to tell the market immediately. That's why he highlighted the Related Party rule. I suspect that we could add another 30%/40% on that news alone. Like others, I think we could hit 1p this month if all goes well.

Let's see what the new arrangement with Canmax will be - I think we could be in for a pleasant surprise.

Vote - GR has to go ahead with it regardless of what is agreed with Canmax. He's a sly, old fox and he knows that he can't give Canmax an inch. Having the option of NOT having to go back to Canmax for cash is essential going forward.

Biztech - thanks for these videos. Very, very helpful. Anyone interested in Prem should watch these.

Looking forward to a blue day, week and month!!

Acker - hope that you're well!

I agree - potential for 1p by the end of August. If GR has been able to keep Canmax on board with a reasonable deal and we get some decent production (albeit below what has been expected to date) then we'll fly!

Haven't posted here for a while but very pleased to see that GR has made progress with Canmax and with production. Unless GR is spinning things, can't see this going to arbitration now. sp should now recover... with continued progress, it will definitely get back to 1p this year... could go higher though, much higher!

Feeling sorry for those who panicked on Friday afternoon on the mistaken belief that Capstone had reduced their holding when it very much looks like the opposite and that they now hold over 14%.

We're at the lower end of that range of £5M - £25M... with the volatility in this sp, we could easily shift to the upper end with any positive news. Come on AP... give us some good news!

That sounds a reasonable explanation, Sandy. They/VAST have been slow to update so we could get a TR-1 next week.

I'd agree as well that they're more than likely doing it for profit - they don't seem the type of outfit to want to own a copper mining company. Only other thought is that someone else has engaged them to build a stake for a bid but that's unlikely too.

All in all, it's an encouraging situation. Just need AP to deliver.

Sandy - ok, Capstone hold 240m through Barclays.

What about the Capstone holding of 249m set out on the VAST website?

Some folk really panicked there... when there was absolutely no change! Oh dear!

I'm not sure that I'm any less confused, Sandy.

Barclays are holding 240m for an II - could be Capstone, could be someone else.

Meanwhile, the VAST website states an additional directly held, separate holding for Capstone at almost 250m... so Capstone could hold around 490m!

It is frustrating that there's no production figures when he said that there would be. Has AP concluded that the last update on break even was sufficient? Or is he waiting for other bigger news to publish along with the production figures?

Am I right in thinking that if they were materially good or bad, he would have to publish them asap? If they were as expected then he could get away with not publishing??

Yes, the patience muscles are being exercised this week!

Asi - I get what you're saying but Barclays are not required to issue TR-1's for nominee account holdings for the likes of us. Either Capstone have taken the same route with Barclays to add or some other II is building a stake too.

Of course, these are the types of tactics used (i.e. creating confusion) to hide what is really going on.