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https://twitter.com/horizonteplc/status/1410485915093540866?s=21

PEEL have been sat on the ask for months now, but I've noticed the past couple of weeks that JBER have joined them also. I seem to remember JBER facilitating the last big seller which was City Group I believe. Until both of these, particularly PEEL are off the ask we'll be suppressed in my opinion, unless a huge almighty buy lands and cleans out the ask.

Price only matters IF they exercise those options. An option gives the holder the right but not the obligation to purchase the underlying asset, hence of this went belly up they'd have risked nothing in effect. This is something I've mentioned many time to JM over past correspondences with him; if it's such a 'compelling story' as he likes to mention in interviews, why hasn't he purchased heavily in the open market when not in a closed period? Surely he could've participated in the recent equity raise as no doubt those who did would have been made inside?

Unfortunately that's unlikely to happen. Given that they used 30-day VWAP in the last raise it's fair to say it'll be used again. BOD have telegraphed to the market a discount is likely. They've sourced the juice before it's been poured.

There's no MM games here, they're simply reacting to someone bashing out stock constantly. It's been happening for weeks. As for 'there is buying at 7p' - where?

They can just go short and then close that short via placing stock. Whoever/whatever is selling here is really getting on my nerves now.

Personally I think the closing of the finance will see us into double digits, regardless of any dilution from the equity raise. Getting the whole package closed out will be a major de-risking event for the company and place us on the road to becoming a producer. That is surely value accretive and I would expect the market to value us much higher. If the likes of SOLG, GGP, EUA etc. can get to their lofty valuations then I see no reason why we cannot once the package is completed and we are de-risked. Would also expect the news of the finance package being completed to attract the attention of plenty of funds, II's etc. that would no doubt be attracted to getting in 'on the ground floor' so to speak of a future producer, particularly one that they know will make it to production when the package is completed. The risk is minimal at that point. Of course, just my opinion.

And more have popped up into close and after hours.

....gone through at 7p. Surely must be filled buys otherwise we'd be down. Someone loading up?

Might be worth giving PEEL a ring also. They've been sat on the ASK for weeks I've noticed so I'm wondering if they are facilitating the seller, or are indeed the seller themselves, assuming they held stock.

It's because it's SETS. 'A' trades on SETS are trades that have been automatically matched on the electronic order book.

What are you talking about? JM doesn't need to calm anything. The company has consistently repeated that solid progress is being made and in the most recent RNS re-iterated that mantra. We are drifting down mainly due to a very annoying and indiscriminate seller who is bashing out stock on a daily basis. One look at the trades each day would tell you that.

If that were the case TDT, that would constitute insider trading would it not?

No, as the price is unknown. We're drifting down due to an infernal seller that keeps clipping stock out in rounded blocks and not enough buyers are stepping in.

What about the 'initial approval for a financing facility of up to R$200 million (c.$32 million) from Banco da Amazônia', quoted from the RNS released on 4th Dec, '20?

Banco da Amazônia weren't listed with the original five banks quoted in the $325m debt finance package RNS released 12th Aug, '20, so are an addition. Is this $32m going towards the overall package too or is planning to be used as slush/contingency fund alongside the main package?

And the sp has yet to react

Fair play to you Wasa.

...from just after 11am this morning for £40k, and yet pi's still chase the bid and sell. Many could end up missing the big move here while the savvy and deep pocketed load up.

This was just posted-

I’ve just had a chat with the company, the raise has brought a lot of new north American institutions onto the register, the price with this one was driven by some new names and along the monthly VWAP, it is of strategic importance as it not only bulks up the north American institutional presence for the Canadian market to get interested but because it sets a lot of new funds onto the register who will support the company. It is also of strategic importance because i) it allows long lead items to be ordered and shaving construction time by several months ii) shores up the balance sheet significantly into their current negotiations. It’s another $25million cheque being written for the company showing further confidence in the asset and strengthening their hand considerably.

There's a pandemic going on, money markets won't exactly be flowing like wine. Regardless of the nickel backdrop we're raising $25m; not exactly a small sum so a discount would've been expected. Everyone needs to remain cool, read the RNS several times and keep your eyes on the bigger prize.