Member Info for welloilbeefooked

I think the market is finally catching on to the potential here ..... even just looking at the pgm/chrome acquisition in December, we now own 1.8 million tonnes of surface material waiting to be processed. Per the last quarterly update at Hernic, the pgms earned us £2.173m from 132,000 tonnes processed. It might be a leap of faith to think the material at Platcro is roughly the same quality as it is at Hernic, but let's go there for a minute - even forgetting about the chrome (currently making more than $5.5m per annum according to the RNS) it looks to me like this project ALONE will earn around £30m free cashflow - all straight to the bottom line.

Brian on Vox at 5.40 in "this is a great result for our shareholders"

Well lets agree to differ Brooko

GLA

and not surprisingly the market reaction speaks volumes

It's an appraisal well - there will be flow data, they've just not released it for whatever reason - probably because they've missed the original target

to be fair, slight flag for me is the lack of any flow rates

Looking good = should see us testing 4p then - lol

IThere's been a few chunky buys over the last day or two but also some sizeable sells - 3 weeks into the drill I'm a bit surprised there's not been a bit more action one way or the other

No mention of anything other than open offer of shares Ironic - I don't mind the odd de-ramp but yours is right out there

"must be loan notes" ?

Yeah right - take limitless upside risk to make £800k - fill your boots Ironic but not for me

lol

some people are confident !

I don't really see the volume of shares being a major problem - it's not like you receive certificates. If they get the £3.8m VALUE away then the MMs will just adjust the NMS after the event

That's the current mcap.

Shares in issue - 27m

Shares traded so far today - around 60m

'Nuff said - this will rerate once the games stop

lol - take it you've sold Coldspy !

Look at the spread - feel the love !

Current mcap is around £1m - the market has reacted as if the new shares are in issue - so we'll have around £8m cash in the bank = am i missing something ?

Just a breather - probably automated sells kicking in as first tranche trade out - give it half an hour

Any bidder would need to get their offer in sharpish - it won't be at this level by lunchtime!

Spike - if nothing else changes :

20% of 12p = 2.4p
80% of 2p = 1.6p

That's 4p minimum