African Consolidated Share Discussion Threads

[themattbarnes] 12/12/2014 14:11

sorry about the questions, what is an online limit then, where are you getting those from.

looks like it is shaping up for another good week though and a climb back

[yorgi] 12/12/2014 13:53

I know I keep repeating it but a market cap of around £5m for all the assets we have is quite frankly a gift !

[yorgi] 12/12/2014 13:52

It is I agree Mclellan :-)

[21trader] 12/12/2014 13:16

Bid now 0.6329p great bid as it has been all morning.

Just think where the price would be if all those who sold and fed the mm's the stock they badly need would be. I reckon 0.8-0.9p by now

[mclellan] 12/12/2014 13:15

yorgi- yes, no point in selling.
It's just interesting how the bid is usually much more than published.
.6329 now

[yorgi] 12/12/2014 13:10

Another 2.5m buy just been reported.

[yorgi] 12/12/2014 13:07

Yes I see it is Mclellan.....but I can assure you I'm holding for a lot more than that. Roy Pitchford and his team can deliver over the coming year then we will be looking at a share price several times where we are today.

Agreed Moreforus.

[moreforus] 12/12/2014 12:30

Reality biting Yorgi. ..no fear here!

[mclellan] 12/12/2014 12:28

Actual bid is .628p, yorgi

[yorgi] 12/12/2014 12:16

It looks like the real bid is over the listed bid now.

[yorgi] 12/12/2014 12:08

Decent buys in on the weakness then.

[yorgi] 12/12/2014 12:07

Moving up again strongly :-)

[21trader] 12/12/2014 11:57

Full offer to buy. Bidding 0.62p next to 0.55p monitor quote.

mm's want the stock badly. Cannot see how it can fall should be back at 0.75-0.85p
later or next week

update last hour going offline now

[yorgi] 12/12/2014 10:56

A market cap of £50m would not be high with both are leading projects in production.........so it is quite clear to see what the potential gain is from this level......Considerable !

[yorgi] 12/12/2014 10:52

Credit to Andrew Prelea and Mike Kellow our Director of Exploration.

[yorgi] 12/12/2014 10:50

That is exactly what I thought Novicetrade :-)

It is a great asset a great price and I like this bit :

"Considerable exploration potential within the mine and in satellite targets in licence area"

[novicetrade68] 12/12/2014 10:47

Presentation is a good read, cheers for posting yorgi. A projected IRR of 563% and the mine could be recommissioned within 3 months...not bad at all, think the BoD got themselves a fantastic deal here.

[yorgi] 12/12/2014 10:45

We are getting a lot for our money in Baita Bihor in my opinion so as long as our BOD now deliver then the upside good be very significant from here.......several times the present share price

I believe Roy Pitchford has the experience and I hope the drive and determination to bring BB into production as planned and as long as he does then we can look forward to a very profitable 2015.

[21trader] 12/12/2014 10:39

0.55-0.65p

Online 0.61-0.645p

[yorgi] 12/12/2014 10:38

It's good to see our BOD ensuring the website has the information promptly added.

[yorgi] 12/12/2014 10:33

Presentation on Romanian Interests now on the website :

[moreforus] 12/12/2014 10:33

good for them!

still wont stop the inevitable rise when the rns start to give solid material good news!

[yorgi] 12/12/2014 10:31

It appears that several of those 1m sells are people taking a quick profit from yesterday.

[21trader] 12/12/2014 10:29

matt

I'm quoting online limits not L2.

L2 in this is pointless when you have mm sitting at 0.5p bid on it but are bidding
0.63p in reality for stock.

Current offer is just a fraction under full offer and still big premiums to sell
so the mm's are milking this mornings sell off everywhere they should take it higher as when quoting full offer online or close to it then the price will usually go higher

[yorgi] 12/12/2014 10:14

Seems that way Moreforus. The placing price meant some had the chance as is so often the case of some very cheap shares but regardless of that our assets in Romania and Zimbabwe are worth several times are present market cap and that will come through as we move forwards. It is now down to our BOD to deliver and move those two assets towards production in the coming year.