knicol - was also around 1.5 pence in October last year - things can change v quickly!!!
benjie - not sure what you are expecting. Company has put nothing out but good news. However, sentiment among commodity stocks is as low as its been in over 20 years. V difficult to buck the trend. I have no doubt this will come good but need a pick up in markets first.
GT - what was general tone of presentation? TIA
Actually the initial drop from 2 to 1.5 coincided with virtually everything aim commodity related being sold off massively in the space of a week or so. The second drop from 1.5 to 1.2 coincided with the Turkey situation which was quickly bought back as not deemed to be a sufficient threat.
There are always negatives but at this price positives hugely outweigh. Problem here as the rest of the commodity market, long investors have endured such a miserable few years that they forgotten what a bull trend is - result is that punters bank whatever profit they can. This will change at some point.
Think the placing shares are almost exhausted.
earthling - they don't know yet - more drilling needed - if it is an extension, this could be a monster!!
smell yer maw - so you don't think it is sanderson offloading their arrangement fee?
ps - the selling started when they about 2 weeks ago when they announced they had taken the loan.
Reckon its sanderson capital partners selling stock they took as part of their arrangement fee for that loan.