Member Info for Xenor

Ignore Darren, he tends to turn up after opening a short. Bit risky to be shorting this with the upcoming newsflow.

I don't think we'll get a separate results for March as they will be in the Q1 results next week.

I think some were expecting a separate RNS for March figures in early April. I hope it is kept until the 12th, got a lot of shares to move over to my ISA on the 6th.

I'm sat here waiting because this was 26p on the 8th and I missed the rise. This is AIM and I don't want to get spiked. I find when shares on AIM move up quickly they lose most of that rise. Who knows where the bottom is, and I will likely miss it.

Yeah this explains why we are stuck around 29-30p. They have sold around 1.4m shares from the looks of it. That's a lot when there isn't a lot of buying taking place on top of traders selling out.

I'm not opposed to a hedge if we can get a good deal. Would be nice to at least cover costs.

Problem with a hedge is copper is likely to keep going up. Wouldn't be surprised if we see $5 copper this year and actually hold it unlike the $5 spike a few weeks ago.

I disagree Noob67. If we get a new hedge all we'll hear for the next 6 months is "The share price won't move until we clear the hedge!".

Obviously not. But this share has been a trader's dream since November.

Need new buyers. Right now it is just the same people buying and selling over and over as we drift between 27-35p.

https://www.lse.co.uk/profiles/oiltap/

Either banned or deleted based on the stats there. All his posts are gone.

I know he recently had a post removed for sharing the text of an email from RMM, and has posted L2 information in the past (which is against the rules). Derampers will have been reporting him as his information was always positive.

That's the problem Toptuf. His trolling is relentless. It will certainly be putting off some investors. I don't know how he hasn't been banned for disruption yet.

If 3% is worth 11m, what do you think 100% is worth?

Hopefully the future is financing expansion through profits and loans rather than dilution. They hinted at the latter in the RNS today.

"The sale of an insignificant portion of our future production provides immediate funding to strengthen our balance sheet without any dilution to our shareholders at a time when the Company is about to realise its operating goals. It also provides first-ranked security to current and future lenders which will enable us to access future capital more easily."

I think sentiment will change and momentum will start to build once people stop fearing further dilution of their investment.

Antharry there is always a risk that not everything will go to plan in a turn around. I agree that we need hard figures. Lots of things going right recently however so I'm looking forward to March figures.

Imagine selling copper at $10000 and being valued less than we were when we were selling copper at $7700. The market makes no sense.

The drop makes no sense on a volume of 154k. Many people here hold more shares than that.

Best post on here today Toptuff.

I agree, the only important thing right now is getting solid quarterly production at Ming going and producing profit. Because if we don't and try to achieve those other projects then we'll see more dilution than we'd like. I'm not opposed to dilution to partially fund Ming expansion or Little Deer but it is better they do this at £1 than at 30p. Plus in 6-12 months time if we have solid profits coming in then we should have better access to finance as well. Could potentially fund these projects with profits plus loans.

Price of oil being high will accelerate the push to EVs.

The main problem is the small volume. There are PIs who hold enough shares to bring this down on any given day. I remember one guy saying he holds 3 million, and became unhappy by the placing. Who knows if he still holds but if someone like that wants out we will be held back the same as if an II wanted out. We need to attract new investors who aren't ****ed off with how the past year has gone, and I believe profits will do that.