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To be fair, they were converting back in January. So if there was anything to worry about it hasn't come to fruition in the last four months
I think it is largely the AIM market for junior miners - it is simply horrendous at the moment and has been for some time. This is very similar to end of 2015.
Whilst i admire your optimism, in this market, those predictions of 20 pence etc are simply ludicrous. There are many aim companies out there, sitting of fantastic assets which are simply not being remotely recognised. Talk of £80 million are simply way off the mark.
I know you have no position here. However, you used to berate lurker for posting his negativity when not invested and now you are doing the same. Move on elsewhere.
You really have been showing your true colours the past few days. Didn't have you down as that type of investor...how wrong i was.
I have no idea what the value of the business will be upon listing - however, the minimum market value allowed is £700,000.
I too have been in the AIM game for way too long (20 years) so have seen all the gyrations. AIM tends to swing between periods of valuing companies at next to nothing and massively overvaluing. The thing against JAN at the moment is that the former is occurring at the moment. I'm sure lots of those selling now are ones who bought sub 2 pence and having experienced a torrid 6 months in the market generally are taking whatever profit they can. I remember BMN at 2 pence, solg at 1.5 pence and marl at 1.5 pence. Sold out of BMN and SOLG way too early (but felt the right move at the time) - held marl through to takeover. Point is the market sometimes throws up these opportunities - if you can resist the urge to take quick profits (or trade the swings), i really do believe that ife changing returns will prevail. All the best anyway.
There is absolutely no reason for it to fall to 2 pence. The current market cap is simply silly relative to NAV. IRR is mightily impressive as is the payback. BFS due within a couple of months likely to vastly improve the already impressive fundamentals. In his recent interview, BM actually sounded astonished at the current valuation. You could take Jez's advice (though he's not been the best indicator historically) and risk waiting or join the ride now. Your choice ofcourse...whatever you choose good luck.
will be taken soon for interim results - we have already been told all is looking good so if markets price correctly, there should be no movement. However, markets are corrupt and we all know there will be the inevitable mark up on the rns. Will the rise hold though...
Problem is before the AGM, there was lots of expectation that a deal was imminent. With the new director appointment, a deal seems as far away as possible. Always the fear of a placing as well.
Companies are under no responsibility to inform the market of sellers. If thresholds are crossed then they will be reported in the normal way.
The nominal value of a share is not the same as the price that shares will be sold at. The listing price will be based on value of company.