Member Info for Woodster5

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!!!

Difference is that the market for junior resource stocks is on its knees at the moment.

Freudian slip there - ommitted a rather key word - NOT been refused.

Ofcourse it has been refused. It was BBK trying desperately to get some attention.

...it's like having your very own zippy and bungle!!!

I see this new poster posts on all the same boards as FED etc> I don't mind deramping at all - but it should be done with an ounce of intelligence.

The reason it fell to 1.6ish was a reflection of the wider AIM resource market which was absolutely on its knees. The market is still far from recovering but does seem to be over the worst. In a normal market, the last two pieces of news would have resulted in a significantly bigger increase. As an aside, I see FED and those other tits have buggered off now.

I think we know what news was being alluded to - the same news that was promised within a 3 month timeframe, 20 months ago!!! I am willing to sit this one out and miss out on a 20% early door mark-up when a deal eventually materialises - until then, there is little to support the share price.

...and breathe!!! Would have been nice to them to have given an update but glad this little episode can be put to bed now. Onwards and upwards.

But as a former director you have no way of knowing whether he is simply exercising them so as to sell or to hold. My point being who in their right mind would exercise an option (with another 3 years before it has to be exercised) and transfer all the risk to themselves. Even if he thought price was going to rise to 20 pence why exercise.

If the option does not need to be exercised until 2022 why on earth would you exercise now - if good news were imminent why not simply exercise them after the news - you still pay the same price. Unless company forced him to exercise, then only reason to exercise them would be sell them.

The positive part of me says they have been announcing contracts, trading updates etc, so they must have every intention of sorting nomad situation out. EDL only announced theirs yesterday, and axm stated a few days ago that they were confident of appointment before feb 1 - seems there are quite a few companies in the same boat leaving it till the last moment.

Is anyone else slightly concerned? In December, the Company stated that they would provide an update in early January - as of now, we have heard nothing. Really doesn't do much for confidence if they leave it till the last day. My niggling concern is that they want to take the company private and this is the ideal opportunity.

I'm after a lot more than 3-4 pence - give this 9 months - BFS out of the way and hopefully funding in place, and this should be north of 20 pence.

Just listened to it. He sounded totally baffled by the market valuation. My take on it is simply the aim market at the moment. There are other decent projects out there but value is not being reflected there either. Sentiment is awful and investors are running scared citing brexit, trade wars etc. What often happens after a savage period (which the last 4 months on aim has been), people take any profits they can to begin to offset large losses elsewhere. Just remember the likes of BMN, SOLG, MARL 3-4 years ago - they had bottomed out massively and no-one could understand the silly valuations - a little bit of patience and a return of confidence and the rest is history. I continue to add here.

If there's one thing i've learned with this stock over the years is never expect news - it only encourages disappointment.

... don't know why mms don't simply increase price to create a market.

are we ever going to get this deal.

Has anyone any insight into when the results of the tender might be announced?