Member Info for troutisout

Yes and for clarity PW posted on Twitter that production at LC was planned for this year, not as Meyer stated. Also that LC wasn't a small project and that recent drilling showed it could be a lot bigger than the current JORC.

htTps://twitter.com/RTF83/with_replies

Some of the sells are day traders closing, the 44,642 sell was bought earlier at 4.48p, there is another that closed within minutes of opening. Not quite sure what the day traders think they are going to get from here, but they invariably come out down or with little to show for the hassle

Looking at some on twitter and the fact they seem to be using spreadbets rather than stock, I wonder how many are short here? Only there seems a concerted effort to try and bash the price back down. If that is the case, any concerted move up will upset them......

So NOMAD aside, we have had big holders sell down their holdings, due to volume they must be nearly done.
We have possible short plays and those that have sold to buy back in lower down.
We have now had a great trading update.
We have the AGM tomorrow.
Debt restructure mentioned in RNS and will come I am sure.
So at one point I believe we will see the seesaw pivot the other was as the weight of selling is over taken by buyers, this could then be accelerated by more shorts/those looking to buy back in lower, shifting to the buy side also as they need to buy to close out or get onboard again.

Cash is the next thing the twitterati are bashing on about, but we know the cash figure was a snapshot from 30th
June 2018, that it changes each week due to nature of the business, that they have good cash control measures in place to cover this. We also know they raised soon after that date (conveniently left out by some commentators) and that they were able to invest millions last year into plant and equipment from their cashflow. This RNS states that this level of cashflow is continuing....

Well it seems that some on twitter that recently bought are now selling and citing Zorbas and Hogan/NOMAD. The traders here are more to blame than the other parties. They buy in knowing all of the facts then sell out on a small profit and start to deramp immediately. I am sure that was all Greenhills was doing before it got emotional when he was caught out.

Stil MMs dropped it back to allow others to buy at earlier offers, they have now moved on further up again. This was the RNS that investors have been waiting for. I am sure we will hear more and more from certain parties about the NOMAD, etc but things are looking up for MRS......Great Trading Update!!!!

You timed that well Greenhills, you really are getting quite a bore, but once the NOMAD is sorted you will find something else to dredge up to deramp.

Well there is the trading statement and a great one at that, note the profit margin is increasing.....

There are a huge amount of sells that have gone through over 1.6p since yesterday and far less buys over 1.6p. About 3.3m more sells than buys, so are the MMs being charitable? I don't see it..........

Guzzler,

Sorry has he sold his MRS or not? Are you talking about MRS or another holding? Not sure whether you are saying he has sold MRS, may have sold MRS or hasn't sold any MRS?

https://twitter.com/RTF83

win4call,

This is what I don't understand in your last post, you suggest he may not have reported his holding correctly and may even have sold out, therefore why if true would anyone have to associate him with MRS?
Surely if he had sold out this would be a massive positive, especially as his shares have been absorbed in the market.

Or could it be Rosmann East??? Tweet earlier....

https://twitter.com/SML_Minerals

I am not really worried about his profits here, but everyone goes on about him ripping the Rs out of ANR and yet when you look and add up his holding and buy in costs, it looks like he lost a fortune.......He bought 5m shares at 0.5p that is £25k, how much did he pay for the other 181k? (186m in old language). I can't see that he did anything but lose money on ANR.
If he does want to invest what was left here, then all well and good. This company will thrive (or not) on it's fundamentals, revenues and profits.......

He will hardly make a difference with his ANR money, 186k shares sold at what 35p?, 45p? that's £65k or £84k.

Not a great amount of money when you look at the trading over the past few months.....

The figures are a little skewed by the lack of deliveries ot the major client, but remember they are paying a pre-payment that puts us in the position we would be cashwise if we had delivered the minimum order. So the sales figure is down, but the costs of preparing and loading the offtake aren't there so those prepayments go straight to the bottom line.

What I see as the best thing here is that in the Dec quarter they increased cash, even though they were investing in drilling and assaying at all of their mining projects, in fact it must have been one of their busiest quarters and they still washed their face. I think that is very positive and bodes well for the next half year....

Not far from the 1.75p levels of previous highs in May, June and September last year. So from 3 months high target to 9 month highs, looking positive.

I have a fill or kill order in for 100k at 1.6p, but still pending....

Cannot buy 5k shares online now, so they won't sell £80's worth of shares now.......,

Investing genius,

It was my rollover, I rolled 225k and will be buying in the rest of that position (bought at 5p last month) on Wednesday. I have got more this month at 4.3p so the monthly averaging in is working (sort of).
I still think that we will get a trading update and that will be positive, not so worried about NOMAD or refinancing as that will come, but if there is a good trading update for H1 then the Company is still well on track and very undervalued.

They were a rollover.
Most Bed and ISAs would be done at the bottom end of the spread, to increase the tax effectiveness of the trade.
This rollover done at the top end to reduce the loss on the original T20 trade.

I am still not sure whether a new NOMAD will make that much difference, those that are using it as a weapon to batter MRS, will just move on to something else and those that wanted to buy in have used the last few days' low price to add already.
Today we have seen 1.259m Buys against 471.5k Sells.
For this week I make it 4.033m Buys and 4.143m Sells.

What I am hoping for is a simple RNS next week giving us an operational update (probably coinciding with the AGM). This is the most important thing here and some seem to want everything else to cloud that.