Member Info for stockdale

Of course there's no rush. Companies don't operate like that and the paperwork always takes time. Less than 2p is under £50 million MCap when the base minimum Palladium value at just 5% recoverable is 5.5p. The current SP is only down to market manipulation and any less on Monday would only be down to further manipulation.

Rob you're sounding desperate and quite pathetic honestly. I would filter you but it is amusing.

I'm looking at the worst case scenario for us BH. Even that is 5.5p.

Looking at the after hours declaration of buys a quick adding up gives around 38 million shares bought in total, just in that group alone. 18 million would be soaked up easily.

It's now clear what is happening here. We know the bare minimum of 2 million ounces of Palladium is worth over $3.6 billion or about £2.75 billion. Even just 5% recoverable of that Palladium alone would be £138 million. Ignoring all the other valuable minerals that alone would be an SP of 5.5p. The rest of the minerals will increase that several times.

The coordinated attack last week was clearly to allow big players to buy in cheaply. The proof of that is in the large buys shown after hours. Far more than the warrants alone.

Maybe because it will effect the SP and therefore needs an RNS at 07:00 Monday morning?

So the shorting crew and coordinated attack achieved the aim of allowing large buys at cheap prices. Quite possibly from prospective buyers of the company to offset the cost of buying. Or maybe just in case their bid failed they would have something to profit from.

As you ask the question Bull. Of course they should. They're the company effected by the ridiculous shorting this afternoon. Of course they should.

Kalan, There are no REPORTED short positions from the FCA and also Short Tracker don't record positions less than 0.5%. There are many on this forum stating they are shorting the company. And MMs can short without reporting, apparently.

Normally we say 'what goes up must come down'. In this case with a minimum of $3.6 billion in Palladium alone: 'what goes down must come up'.

So you don't like the company but you will buy back in at a 'bargain price'? Says it all really.

Indeed BH. The large sell looked like a stop loss getting triggered. Someone's going to arrive home from work very annoyed. Do not use stop loss on AIM.

https://shorttracker.co.uk/company/GB0003230421/

Any shorters are below 0.5%. So small fry only, if at all.

£700 milion would be 28p.

With respect the only currently confirmed amount of Palladium is 2 million ounces = $3.6 billion dollars. Out of that any buyer has to pay all the costs I mentioned. The rest is speculative. Much of it will be there but still speculative.

Already answered loot. Probably because the bit you read in an RNS is too simplistic to be complete. And there's stuff even in an RNS from a contract that a company doesn't want to divulge publicly.

Snowman, Can't see this going for such a high figure. Any buyer has to mine the minerals, pay taxes, deal with all kinds of risks along the way over several years AND make a profit. However there's a massive difference between the current MCap of around £70 million and the billions we're talking about.

Not looking to sell at this price.

Indeed. That kind of detail can only be fully understood if you could read the entire contract.

Some are waiting for the main news.

Let's see this afternoon.