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Given the meaning of the new name as explained in the RNS, it really does show that either the directors are nuts or alternatively that they see ATM as a really strong lithium play far outstripping tin. I go with the latter. Thus in ATM we have two really great commodities.
Candid, it's fair to say Equity Development have kept their view on "Fair Value" for a very long time, notwithstanding they have had plenty of opportunity to reduce it. Are they right? Time will tell. Where they definitely are right is that the value of the assets of this company have gone up not down, notwithstanding the slide in the share price which merely reflects current investor sentiment and not the asset. Hence as we know it could leap very quickly and it is quite possible that ultimately the sp is significantly more than the fair value, but that is merely dreaming. I am happy to look at the fair value. The really good news is that things could happen here very quickly, not years down the line. I have increased my holding here recently by 50%. at very little cost, pro rata to fair value.
Roger65. Even if not a single ounce of this massive VRFB announcement was bought directly from BMN, it is still in excess of 15% of annual world production. This alone. Think of the basic laws of supply and demand. It can only mean one thing. Indeed this announcement as such will be months ahead of any actual vanadium purchase (even at the chinese rate of doing things!!!)
Roger, however you look at it, both sells and buys were minimal. With these levels it will matter not one jot which are buys and sells.
The way I read it, it is a good thing because it means save for those that need to sell (and there will always be some for whatever reason), most holders now expect that the price is going to go up, which is why they bought in the first place. i.e. it will not take very much to take the price higher and then at that point a number of investors think the price has plateaued and sell out. The majority hang on for another day and that will come.
mywineman, there is in fact a very narrow spread right now on 10,000shares of 5.14 to buy and 5.048 to sell on Interactive Investor. Normally the spread is much wider, so they are trying to drum up business.
More than 7 weeks without any RNS, whilst those of us that are patient have been waiting for the EIA. Are we subject to some form of blanket NDA? I would just like some info please. Just a little bit. Even to tell us that you can't tell us because there is an NDA.
This mini grid award to BMN this morning is really important, and will I suspect lead to other similar contracts first in South Africa and then across the continent as a whole, in particular when the electrolyte plant is up and running.
Quite correctly, he has concentrated on the business and the product and the development of the business in the belief that the sp will follow. We all know the numerous problems that have beset the company over the last few years, and currently all is looking rosier. For better or worse his communication has not been great, with missed targets etc., but he is learning to underplay rather than hype in my view.
Beginerman, let me answer your question to Pdub, because it is extremely simple. Bluntly there are too many people like you who do not understand the magnitude of VRFB's, nor the need for them. The herd is always miles behind the curve. DYOR
Even though all this support costs money, it is the main way for EML to show genuine support for Morocco and gets the EML name in the right places, it greases the wheels. Hopefully not too much more patience needed
I trust Tils is not delisted. I believe they are progressing. I get weekly updates directly from Tils, and the bottom line is that anything could happen at any time. i.e. it doesn't take very much to dramatically change things and I think the same can be said for Accustem. Both have potential goldwinner products. Can the markets wait long enough. I hope so, as selling really gets me nowhere except capital losses!!
I think it's important to get this in perspective. It is only £30k's worth of shares. The massive drop is because the MM's do not want to hold large amounts of stock in a falling market. Haydn has undoubtedly sold the shares he exercised to options in respect of, and we know he has other interests.
Whistler- As you can see this was actually announced on 13th September, so you have your answer. Having said that it is good news as it actually does mean that their product is patented, AND if it is any good will be worth a lot. Hence the Chairman's share purchases. I am actually quite encouraged by the newish chief exec.
Given the state of the market generally, a significant move up on a significant placing is an affirmation by long term investors that the future is bright. In particular there was no discount for the placing, virtually unheard of for an AIM stock. I think this is all evidence that with a fair wind Bids will at last fly and maybe sooner than some think. Helx will always be negative and I always disregard his posts.
Undoubtedly there is significant dilution here for everybody the largest shareholders included. We had been led to believe all along that the project was well funded and that there would be no need for further funding. Not true, clearly there has been overspend.
What I fail to understand is the timing when markets have been really bad. HZM can't be desperate for money, so the only argument for funding now must be that they think the market is going to be bad for a long period. Where's the logic?
Are Savannah actually making any headway here or is everything dead in the water. We have no tangible RNS re progress for ages, and I don't believe it is because there is nothing to say, nor that it can't be said because it is confidential.