Member Info for Thorpedo

There are still a lot of positives here and why a lot of us kept in during the decline. The Intel-Mobileye link, the tech itself. Yes, the slow news flow and Cascade only invsting twice and not the third time knocked the stuffing out of most, but GT has a lot invested himself and I am still positive.

This is the strangest sequence of buys I have ever seen, such strange and low numbers. Perhaps it is some employee who knows something (unaware of insider trading rules) who has told his mum, dad, brother mate etc something big is about to happen. Lets hope so anyway.

Looks like a couple of PIs (small buys) have realised that it is massively oversold. MMs spoiling any rise due to stupid recorded spread.

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This is AIM, but the CEO is credible he has been very succesful in a similar venture and he has a lot of skin in Jan. The BOD have nearly 80% of the shares.

As things stand now my target price is 36p, I will top slice along the way but keep the majority of my cash in. My price might shift up or down depending on the news. 36p = NPV $158.4m - cost $38.4m = $120m/1.33 = £90m/200m shares = 45p, I am happy with 80% leave the last 20% to the spike chasers. The NPV is based on a ridiculously high 10% discout rate. This could be closer to Nil% as I think these metal prices will rise way and above inflation.

There will also be some of the IPO investors who will be holding long term, and some PIs, like myself, who are looking to see its full potential in to full production. The actual potentially available shares could be well under 20%.

Very happy to hold and wait I am in this for years not days or weeks. That said once the market does realise what this share is SP should certainly rerate quickly, especially with such a small free float.

Are you posting on wrong Bb? What about the directors purchase inSeptember? Would be surprised if today's £20k buy wasn't a director. Regardless descent buys today.

Placing makes a double dilution as Cascade get additional shares as well. I still think that there are plenty of prospects with this Company. I just wish I was buying in now rather than when I did. I might have originally bought in on the back of the Cascade deal but further research does keep me confident, with or without Mobileye but especially with it.

Looks like I am going to lose some shares, Oh well. I'll hang on another couple of days before getting back in.

Im out, I will definately be buying back in once dust settles. Might even lose some shares for the security. GLA.

I think they are sells, every time the SP goes above 5p there have been sells presumably the original placing getting out. Interesting thing is this time the MMs seem happy to take them all without dropping the price. Big news is due in December and everything points to it being very positive big news.

Boom

Must have gone through as the SP is up on no trades, that will be in addition to the £29K this morning. Same buyer? I think this mornings one probably was the same.

Agreed Brain McMaster et al have nothing to do with HZM but they do have to do with Harvest Minerals http://www.harvestminerals.net/directors-and-management which is doing very nicely.

Prof, I may have posted my positively on this share which could have come across as a ramp. It was my opinion at the time. I am now optimistic especially from where SP is now. There is a strong core on here who we know who to listen to and the odd couple who we know not to.

Sceptical of what? Brian McMaster and this team have multi-bagged companies similar to this before. He has a huge personal stake. This excellent independent scoping study and his involvement is why I added even more today and why I will continue to do so.

$38.4m * 80% (IRR) * 13 (years) = $399m of profits.

One of the main purposes of AIM is for funding of small companies. GT had new Cascade funding at a premium but didnt even try to get it. Why? There are many CEOs who ramp their own stock to get decent funding, if GT could have pumped this share so SP remained about 6p then Cascade may have come in for the options. Or maybe GT didnt like the prospect of Cascade owning nearly 30%.