Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Good work, hopefully you'll be seeing multiples of profit next year.
AIM has a real problem attracting volume at the moment, and even transformational news as Oriole had last week seems to only hold attention for a couple of days.
Hopefully each step of the JV sign off's and drilling results will see higher lows being established and as the market cap grows Oriole will start to appear on the radar of investors with bigger pockets.
Spread this morning (30%) suggests to me a large buy working through.
The sell price seems stable but the spread makes buying unattractive which only makes sense to me if the MM's want to keep hold of all shares sold to fulfill an order?
If it's currently possible, it would be a great time for some Director buys to draw a bit more attention to the company.
It's certainly one of the schedules I look at on LSE to see who's got the confidence of a rising sp.
Obviously all invested here would love to see this going up without delay, but equally it's healthy that there is a certain amount of churn. Some of those lucky enough to be in sub .1 will want to secure profits and that means those taking those shares will have a higher average and will be more likely to hold longer term.
Personally I was in for the last rise to .24 and failed to secure anything of a £5k profit, and instead took a similar sized loss in selling through discontemptment at the Lanstead finance deal.
After this weeks news I'm back in and now happy to hold well through .3p and hopefully at least .5p with more good news expected in the coming weeks.
Hopefully the Engineering assessment results will be in within a week or two now.
Obviously we're all keen to know the results of how much is needed to get us into full production.
Equally, I would hope that we'll get a hint as to the progress and potential make up of the finance package incoming.
I'm sure the final package will take a good few weeks more to finalise, but hopefully some progress has been made utilising initial assessments as a base.
All crumbs of comfort will be gladly accepted at this stage!
It's obviously nice to see positive statements on future Nickel demand and price expectations.
I don't imagine anything will really shift the dial on the sp currently though, other than the actual funding announcement or the FOMO in the lead up to the announcement.
Once that is out of the way, and personally wouldn't expect that until the end of November, other factors will come into play. Hopefully the funding revised package will still include some healthy contingency on the actual cost to alleviate any fear of further placements prior to production and revenues. For no particular reason I'm anticipating a circa £250m requirement so would like them to ensure access to £300m is available.
Anyone who works in Construction will appreciate that it is about risk management. Things won't always go to plan.
In fact, they will nearly always not go to plan, you just hope the variation from plan is not costly or someone else's financial responsibility.
I agree with Bridge that this BoD have done some very astute things and did very well to achieve finance, even if it wasn't perfect for us investors.
I do think this will rise when a finance deal is agreed, which I'm confident will happen. I think the rise will be fragmented though. For example, anyone who was invested at £1.40 and has now invested the same as their original investment at 20p will now have an average of 35p. It is human nature that they will be tempted to sell once break even is achieved, having once feared they may lose their original investment, even though they may believe in the long term story. Once bitten and all that..
There will also be others who haven't averaged down but will maybe do so once finance is confirmed, even though the sp may have double from here, it'll still be a good average down with less risk than they may wish to accept right now.
You're not being that careful, you called them crooks earlier.
I don't know why you need to be so disingenuous and call people incompetant and fools with no real knowledge.
Let people think for themselves and make their own investment decisions based on the research they wish to carry out or not.
You could add helpful comments but name calling and drivel are just blocking useful debate.
At the moment the sp is at a company failure value, but the reality is
1. HZM will, highly likely, still have a sizeable holding in a Tier 1 mine that starts a near 30 year production life next year.
2. HZM will, almost definitely, still maintain full ownership of an even more valuable asset in Vermelheo but that is understandably being ignored in the current fracas.
That's very funny, organised gangs.
What I can see is that Noel appears to be the end of a bell who has an interest in the SP being low, for whatever reason.
Ultimately, if Shanta keep producing and selling as forecast, the SP will rise. It's not complicated.
Bunch of absolute morons
Agreed. This almost looks like a conscious drive to drop the sp for some reason? Why announce you've done some great modelling to establish we'll need some money and tell everyone before coming up with a plan or direction to obtain it.
Many companies are in that same position and the first the market will know is when the Investment is obtained or placing announced. Why drop the sp before doing this.
I can only think it's to get someone in on the cheap?
What a load of scare mongering drivel. There is hardly any volume and therefore the sp will just drift until news. How do you know who's selling, are you suggesting one seller but loads of buyers, because it's all quite equal. And why would the mc affect contracts or the life of the company, that has just done a big raise. Pathetic.
I am Invested here, although I will admit, not well researched, as is my way.
But I do look at the basics and I would say:
1. EUA have a bid that they like, and they obviously know roughly how much it'll be.
2. They have a JV partner in Rosgeo who they need to have a harmonious future relationship with.
3. They were able, and happy to convince Rosgeo to invest in shares at the current sp, without discount.
Now that makes me believe the current sp is a completely safe bet. You wouldn't stitch a future JV partner up for the sake of a few dollars, but you would certainly benefit from a lovely start to a working relationship afforded by them making a tidy profit from a pending deal you have going through for an asset you are selling.
It just wouldn't make sense IMO.
Ah fine, apologies then. Good luck whether you stay or go.
"To be fair your one horrible ramper, when the likes of you got on board it made me feel uneasy."
Noresco - I'm not a ramper, or ramping. I'm not suggesting you buy or hold. In fact, please sell and go, it won't affect me one bit. I was just giving my rationale, and seeking advice.
If I decide I don't think the sp will increase in the future, I'll sell. We're not affecting anything here, so don't bother getting excited or upset by my opinion.
"If the deal had fallen through and we were going it alone, I hardly think we would be buying new assets in Botswana? This feels to me that the deal is done and we are looking at the next project."
Chameleon - This is an excelent point, in danger of getting bumped away too quickly for many to read, by the pathetic bickering today.
Basically, if there's no AA deal on the cards, ARCM have plenty of mines to be working on already, and this purchase would seem very arbitary and non sensicle. There was also a point made yesterday about ARCM needing to have ongoing projects to avoid being termed as a cash shell company following the conclusion of any AA deal, if a full purchase.
I'm not Au fait with the relevance, but thinking it's possibly accounts or tax ? Can anyone elaborate?
"Aa going to buy EUA £10b and Arcm for £500m that's what they need the 15billion for"
8ead - Where's the other £450m going? Either EUA or ARCM suits me just fine!
Look at me trying to be clever, should have said £4.5b, everyone loves a smart arse eh!