Member Info for Wilbur265

I really don't get the SP level at the moment.
Over the last week there have been more buys than sells , some days substantially more and yet the SP is still drifting down.
As I write there are approximately 5mil more buys than sells. I bought another 800k tranche at 0.008p.
The MM's for some reason I think are holding the SP back unless there is a massive sell being dealt with ??
Any thoughts ??

A little over 2 yes ago I started investing, this was one of the first shares I bought at around this level.
Sold out at 2.9 p great return yet here we are 2 yes later at the same level. So I bought in this morning . considering how the company has changed its an absolute bargain imvho. Especially how the trend is currently.
Onwards and upwards from here I hope , especially with the financials soon.
However, my main concern here is funding and the level of shares in issue which has increased.
Not happy about the Riverfront aspects though I have interpreted this as a short term measure until financial closures are achieved.
I also believe that the SP will have a ceiling of around 3.5 p unless a share consolidation is inacted !
Overall very positive for the near to medium term.

The MM's must have alot of shares on their hands ?
Very high buy levels and the SP has hardly moved !!
Definitely not a Ben's ,but the potential here is huge. Not only in resource !
Just hope an offtake agreement lands soon so that the SP can finally start moving north !
Being conservative ,if targets are met, I can see this reaching 20p by end of Q3 !!

Does anyone have a view ,good or bad ,on the second RNS ?? Waiver of warrant ??

I feel it's high time PJ made a concerted effort to push pow forward in a meaningful manner !
It's blatantly obvious that the market see's all the latest rns's as more of the same without creating any tangible value for the company.
As long as this continues, there will be constant warrant dilution just to keep the company going !
It's pointless having a wonderful, diverse portfolio of assets if they are not adding value to the balance sheet and the bare minimum of exploration levels !
Concentrate on the two or three most promising projects and bring them on !
I think funding for more concentrated exploration is the issue here, and why the bare minimum is being done.

I think all the institution's have now dumped what they needed to hence the more stable ISH SP !!
Now it's down to the PI's either holders or traders to push this north.
However, any change in the UKR situation and all bets are off !
Don't expect a Divi either......that will be just a nice surprise ! Though atm better to have it on the balance sheet than paid out to share holders imvho

It's just a consolidation imvho.
Once the rail line is signed off this WILL move north again !
Plus , news on HWM delivery !
Well over £1 so by end of April and that's Conservative

Considering the situation, don't expect a Divi, that will be a nice surprise !
Like Evraz, they may well decide it's more prudent to keep the cash on their balance sheet till things have settled down

Eastsix,
I too have been watching from the sidelines, and I must admit your rationale is both sensible and considering alot of posters here , refreshing and level headed !!
What will be will be !
As long as investors only risk what they can afford ! It will be an interesting ride with lots of lessons to be learnt along the way !!

It came through to me via Stocko , so I guess it's legit.
Though no RNS from poly yet ??

LONDON, March 14 - Index provider FTSE Russell
said on Monday it would delete four Russia-focused companies
after trading in their shares was curtailed by a pull-back from
the country's stock market by leading brokerages.

Evraz EVRE.L , Polymetal International POLYP.L ,
Petropavlovsk POG.L , Raven Property Group RAV.L would be
deleted from all FTSE's indexes during the March, it said in a
statement.

Mine on aj bell are showing the same. Probably just a nominal share value whilst on suspension.
It will change once EVR has its suspension lifted.
As long as Pi's hold ( no choice really ) all will be fine in time. Considering the macro, this should have always been viewed as a risky short term, but good long term hold !!
Remember nothing is lost until it's crystallised by selling at a loss !! ( Which we can't do )
It's just a lock in period.
EVR will still be doing business as usual outside of Russia and most likely ticking over very nicely !!
Bloody frustrating, but that's the nature of the markets sometimes !!
GLA

A very sound decision considering the macro !!
Whatever you may say, this is a very well run company and imvho this is just one of those blips !!
On the plus side....... perhaps a great opportunity to top up ??

There is an article on Ben's in the investor magazine.....does anyone here subscribe and can share it ??

With a second HWM, due to be commissioned shortly, this will surely double the mining output.
Current offtake agreement is for 22ktpm.
It wouldn't surprise me to see another offtake or expansion of existing agreement to be very near term. Otherwise....what will happen to all the extra coal mined ?

Oooops 52 week low level I meant to say

Whilst sp now hovering around its 52 week level, IMO now is a very good time to buy in or top up.
With so much news coming this year the only direction I see this going is north !!
Not a ramp, but based on projects coming to close and revenue being greater than 2021.
Ref charts, I do find them a useful tool in the small cap area but only for spotting short term trends, possible buy/ sell indicators.
Anything more than that.....IE. specific buy / sell times, breakouts etc you might as well use your crystal ball !!
However...if it works for you fantastic !

Personally, I look at the business rather than take notice of the noise.
I'm not invested yet as still doing DD and more research.
So far Wentworth looks pretty sound and very much under the radar !
The fact that AXA has sold out with little significant impact on the sp speaks volumes !
Yes, this may have forced the BOD into a share buy back to stabilise the sp.....but sentiment is still strong or the sp would have imploded regardless.
This share has a very positive steady as she goes feel. My main concern is the lack of exploration planning at this present time.

Does anyone know why AXA pulled it's investment ??

I think it will be 96p next Christmas Eve !!