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What baffles me is how ready the market movers are to bring down the share price on such small trades. About at 3rd of trades today are less than £1k, and the vast majority less than £10k. Not the £100k-£500k trades that would indicate that an II is selling.

Yet here we are, a drift from 67.2p down to 63.7p.

What percentage of shareholders is required to approve MM taking this private? What would be the minimum price per share that this majority group of shareholders would allow MM to take it private?

What would happen to the shares of Private Investors if THG were to delist from the LSE and re-list in the US?

A £1m buy has just gone through. That sets the floor at £2.50 a share.

My guess is that the TM Tellworth UK Smaller Companies Fund have accumulated more after their share purchases in May.

Remember that TM Tellworth UK Smaller Companies Fund bought 5.1% of the MPAC's shares on 25th May at £4.01, less than two months ago.

They target £100m to £500m market cap growth companies. They buy shares of companies with 1) a differentiated product, 2) a market leaders in their niche area, 3) are cash generative and 4) management buying their own stock.

They meet with the management of every company, prior to buying shares.

This TM Tellworth UK Smaller Companies fund will be looking for serious profits from their £4.01 per share investment in the medium term. Ignore the short term macro-economic volatility, instead, follow the money.

https://www.tellworth.co.uk/funds/tm-tellworth-uk-smaller-companies/

I agree that the drop is hugely overdone.

As Monday's RNS said, the company expects to report 2022 revenue ahead of last years and 2022 revenue reamains in line with their expectations. The reason why they had to state that FY22 profit "will be significantly below current market expectations" is because they themselves set those expectations talking very bullishly about 2022 in the Full Year Results statement in March 2022.

The shares were £5.60 in January and £3.79 two working days ago. This is a growth company and will return to double digit growth. Global supply chain issues have hit the entire sector, and they will gradually ease over the next 6 months.

Today's £2.24 is overdone, and I think it'll bounce to £3 over the next few weeks. Especially if there's news on the Freyr contract, with their battery cell production development line in Norway to be completed in Q4 2022.

A few recent Form 8.3 RNS's have disclosed Richard Griffiths.

Is it this guy?

"Brecon sheep farmer turned City financier Griffiths floated his boutique investment company Ora Capital Partners on the AIM junior stock market in April 2007, valued at £120m. Griffiths, 42, established Ora after quitting as chairman of listed investment bank and stockbroking group Evolution in 2005. Ora has invested in a string of high-growth UK businesses and while its shares have fallen in the recent stock market turmoil, it is still worth £54.5m. A former Welsh rugby international, Griffiths still has interests in a number of private and quoted companies other than Ora, where his stake is worth £15m. Property in London and these other assets take him to a conservative £32m."

https://www.thetimes.co.uk/article/richard-griffiths-v2fpnlg5zmq

Zappyman - I share your frustration. This is a share for which Warren Buffet's quote applies: "The stock market is a device for transferring money from the impatient to the patient."

The BOD and Toby have demonstrated an ability to overcome a perfect storm of mostly (but not all) unforeseeable external factors, since 2020. At that time, especially after the collapse of the only production stope, the chances of the Rambler surviving as a going concern were low. Now we have a fully functioning mine with investment in equipment and upgrades that creates resilience by minimising exposure to operational factors.

For me, given the BOD's ability to climb the mountain of financial and logistical challenges, albeit not taking the shortest path, means it's a question of "when" the share price turnaround follows the company turnaround, not "if". I was hoping the "when" was after the December 2021 RNS reflecting on 2022 ambitions, however I do think it will come good after the May production figures and China opens up, bringing a return to global demand for copper.

Not investment advice, DYOR.

"Cash positive operations, now including sustaining capital"

Does that mean April was a profitable month, with 413 tonnes of saleable copper and 160 ounces of saleable gold?

Two further job openings posted today, and two late trades at 31p amounting to £60k.

The mobile crusher will be operational Friday this week, with 17,500 dmt of stockpiled ore to crush into saleable copper and gold.

Onward and upward!

From the 18th January RNS:

"In the lower mine, stope drilling in the LFZ is expected to commence at the *end of the month* following completion of the 2nd egress. Once in place, the ore production cycle will commence in LFZ 760/735 levels and UFZ 790/ 770 levels."

Friday this week is the last trading day of this month.

We're only days from a strong and sustained rise in the share price.

And today the CEO, Joanna Arnold, buys £10k's worth at 114.24p, further demonstrating confidence of the board that the share price will head northwards from here.

The CFO, Mark Fautley, has bought £10k's worth at 115.83p today.

A show of great confidence by senior management that this is heavily undervalued after today's drop.

I appreciate the communication of SA. The concern in the short term is that the share price will drift further, with no immediate news on the horizon. SA has stated in the past that he doesn't want SBTX to be a new-driven company, however that is usually how AIM companies increase their share price.

An RNS with AxisBiotix sales updates and/or progress with Croda, which the Full Year Results (30 November) about which SA stated "Sederma has progressed the scale-up of lysate manufacture .. in anticipation of sales in 2022."

As for "I am forbidden from commenting on forecasts and indeed am unable to provide them to the market.". The simple question: why "unable"? Is there an NDA? If so which company would the NDA be signed about AxisBiotix sale details?

"Newfoundland and Labrador is reducing the isolation period for fully vaccinated residents who test positive for COVID-19 to seven days from 10 days."

The contractors who have been self isolating should now be able to work at the Ming mine site, as early as yesterday (Saturday).

https://atlantic.ctvnews.ca/newfoundland-and-labrador-reduces-covid-19-isolation-time-to-seven-days-1.5731946

It's interesting to see that West Face's CEO, Gregory Boland, has purchased Rambler shares giving him 3.3% total voting rights. This, after West Face sold shares, and their 6.95% voting rights. This handover of voting rights occurred on 15th December, when the share price was around 32p.

Adding to the puzzlement is that Tyndall Investment Management increased their holding Friday 10th December, from 6.1% to 7.9% (14th December RNS). And yet, the share price has fallen from 42.5p on the 10th to 36p today.

All the while, the share price is up 11.75% to 35.2p. Let's hope this is the start of a prolonged, steady rise back to the 50/60p region lifted by news of clearing the hedge and the 4 stopes scheduled to be opened this month. My guess is that Rambler are already producing 1,350 tonnes of 2% copper per day, with the 2 producing stopes. We're still awaiting gold assay results, too.

After the pull back from the recent 44p share price, and with the conservative calculations done by others of £1.50 per share in 12 months, I believe there will be a sustained move back to mid 50s in the next week or two with 60+ going into the start of January. We are over the hill. Day traders are in for the 10% +/-. Investors in this Rambler story who got in below 60p are in for a life changing share price rise.

Since closing the finance last week, two further jobs have been posted:

https://ramblermines.com/careers.php

I assume this coincides with the imminent production from the 2nd stope later this month.