Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
That is my understanding too. If market makers struggle to balance books then switch tripped whilst situation dealt with. If doesn't balance out then they have to put price up to bring out sellers (potentially in this case) or if not enough buyers lower it
Anglesey has more than its fair share of these. I assume due to the relatively low number of free shares.
Like you I look forward to Monday
It does look as if all is teadilly coming together and credit to Jo he is making market aware of it.
I am also very encouraged that mining funds are now invested.
Very encouraging that would appear that good proportion of those taking up placing appear to be in for long term.
Very interesting to see what day brings as we will know there are not that many free shares and even relatively modest buying can have quite a spectacular effect on price.
Suz I am afraid I have to agree with you.
Masses of information about why there is a need for Parys minerals.
More drilling - enough money for now but will need some more.
In fact very very similar to many previous announcements (apart from those when pessimistic outlook for minerals explained in great detail)
Not a great deal specific to Parys.
As an observation we should all be grateful to Juno for its support over the years. When interest rates were a lot higher ten per cent interest was probably a fair return.
I don't know if in time of lower interest rates and the influence they have themselves have to minimise risk (or otherwise) whether such a high interest rate is appropriate.
Be interested in opinion of others.
Fair to say share price done very little since Steven Hester left - when cut all nonsense and red herrings out that and dividend is true measure of a company's performance. Ie return to the company's owners - its shareholders.
Brent thank you I will listen to that later.
I still have a lingering suspicion (perhaps hope) that after a longer period of lulling you into a false sense of security Trev will resurrect himself either on the board or at the long awaited celebratory meeting on the island.
Invest - "mislaid Trev02 “ what a delightful phrase.
I am hopeful that he is overlooking us still and if so he doubtless will be disapproving of many posts. Particularly Brent who he always seemed to think needed special supervision and advice.
There is a school of thought that thinks when he looks down upon us this might be from a better place - although I hope this is not the case.
B rent couldn't help noticing a day or two ago whilst there was cannon to the left and cannon to the right hotly debating the methods of communication
actions of new man etc you calmly sailed through with a soothing update of your aquatic progress
That made me smile.
I am not criticising or praising Jo or indeed commenting on his performance on any way.
Merely existing opinion that share is traded in a very efficient market place (ftse)
As such value is what it is at present.
Modest suggestion as to how it might be legitimately be improved
I think we are all in agreement that there is a growing demand currently for the minerals in Parys and associated interests.
Which has to be good - although until there is a line of sight to some of it actually being sold - this can at its most basic level be viewed as future value
What is difficult to get away from is that this is a FTSE stock and the current value the market places on it
Pending some actual physical developments in my opinion price will continue to be based on perception.
If the board do not want more heavily discounted and diluting placements they need to improve the perception
I fully accept what Tommy says that certain areas could well be confidential.
But the company has just demonstrated with the issue of many pages of facts figures (and admittedly cut and pastes)
that certain communication is possible and seen what it does to the price.
Ideally they could reflect on this and if the current price (as we all hope) is unjustifiably low target themselves to do something about it.
It would not take much.
Whilst I don't think odd communication would hurt could well be Tommy correct and at a point where for reasons he outlines they are not easy.
Despite frustrations that have been expressed about Bill and team apparent lack of progess I do suspect that behind the scenes it has been made. I can't see, after all their investment, for a start QME finding no progess acceptable.
I do wonder if Bill has stepped aside because he believes point has been reached where things are about to happen and as such appropriate to effect smooth transfer at outset to man with time and energy to carry large part of the burden. Aided by his financial contracts and experience.
This also lets new man be seen to implement next stage.
Also new chap not likely to have taken role (I think) unless he had fully reviewed situation himself. Apart from anything else he would I assume have wanted to ensure the job had reasonable prospects.
So my personal guess (and that is all it is) its that continued lack of news may see price continue to slowly drift downwards in short term.
But in absence of unexpected and provided cash continues to be available something will happen and narrowness of free shares will see interesting and possibly exaggerated price move.
Probably as we have seen before with subsequent fall back but hopefully to a higher level than now.
All above is of course idle speculation.