Member Info for Woodster5

Worth noting that since PEA, we've had reduced CAPEX, resource increase and vanadium discovery. IRR is likely to be rather staggering and payback around 1 year.

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.

Directors are generally only allowed to buy stock in the 42 days following announcement of interims and finals - otherwise a closed period is deemed to exist.

Those last two trades of 4.5m are rollovers!

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...

I think it is more likely the previous FD was fired. He was responsible for ensuring projects were fully funded (with the correct funding types).

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.

Have sent you a private message on advfn.

Can anyone recommend a decent site to get live prices for tungsten. TIA

No longer a director so no.

LT, I think a far for plausible reason for the sell off is a combination that the AIM resource sector has been on its knees for the last six months - nuog actually held up rather well until the last week or so. We have also been told constantly that news is imminent. I think with the change at the top, news might not be quite so imminent as we were led to believe.

Reason the price is so low is partly because of the the churn from september placing but more importantly, the aim resource sector has been smashed in the last six months - very few out there have been immune to it. However, despite recent rise, a £6 million market cap is simply absurd.

still interested in your views:

I'm assuming you are ignoring the recent announcement re royalty providing us with a third party independent valuation of US$50 million even at this early stage (v £6 million current cap). Will only rise further when BFS is announced in the next couple of months. I'm sure you can do the maths!!!

for multiple posting

I'm assuming you are ignoring the recent announcement re royalty providing us with a third party valuation of US$50 million even at this early stage (v £6 million current cap). Will only rise further when BFS is announced in the next couple of months. I'm sure you can do the maths!!!

I'm assuming you are ignoring the recent announcement re royalty providing us with a third party valuation of US$50 million even at this early stage (v £6 million current cap). Will only rise further when BFS is announced in the next couple of months. I'm sure you can do the maths!!!