Phoenix Global Resources Share Discussion Threads

[treacle32] 19/7/2014 16:13

Indeed - I believe the 0.29p price was on 250,000 ounces of gold. 1m = 1.20p on same basis and 1p would only be 13.70m mkt cap with every possibility of no further cash required too with the monies via convertible loan for drilling programme. It can go like REM from here.

"I am acutely aware that the disruption caused at Cholokkaindy is immensely frustrating for shareholders. We must however remind ourselves of the prospective anomalies and structures already recognised at Cholokkaindy which bear the hallmarks of a substantial gold deposit which would, if developed, be a highly valuable asset".

[oilbuy] 19/7/2014 15:44

There is a good possibility of more than 1M ounces of Gold.

[treacle32] 19/7/2014 13:08

They have enough cash for the drilling programme too and the below from last December when further cash was raised. We don't know the maiden JORC yet - could be substantial ounces of gold.

Broker Sanlam Securities said the funding adds to the £1mln convertible note issued in July, which comes in four quarterly instalments, and ensures adequate funding for drilling in the spring.

It rates the shares a 'speculative buy' and targets a price of 0.29p.

[stockhope syndrome] 19/7/2014 11:50

MEN does look like it is headed for 5p although it has had a 50 for 1 consolidation !

[stockhope syndrome] 19/7/2014 11:49

wonder why Treacle doesn't post on MEN thread anymore ?

Mentum, A new start - Oil and Gas properties pursued........ - MEN

Treacle32 - 08 May 2014 - 23:04:04 - 2434 of 2860

Look at ONE and based on their RTO recently - 1.50p bid price to 3.75p bid price now. Over a couple of pennies rises. 3p is always absolute minimum for us but due to many stimulus factors we should get alot more.

The biggest wedge of resistance comes at 5p.

[the stigologist] 19/7/2014 11:20

Chart and MACD looking like rolling over

Potential for double bottom at 0.05p ?

[treacle32] 19/7/2014 10:48

We'll have to agree to differ - wait for the RNS.

The buyer hasn't finished imo too.

If they were also rollovers - where are the original 40m and 37m trades. Do a search on the trades pages and you won''t find them.

Someone new could be on board with a 25%+ stake and buying PGR out?

PEEL Hunt - 10% for someone? Why holding 10% now? Why previously released 15m for Mr Mc Keon?
Lanstead - give away 83m shares to someone on Thursday off market? Why now?
Open Market - over 10% bought on Thursday? Why on same day as Lanstead?
The 4.70m buy also at 0.14p on Thursday at the same time wasn't a private investor too.

[soggy] 19/7/2014 07:02

As I said, neither you nor I actually know. But the sums involved are so large that it is impossible to my mind that that amount of purchasing wouldn't have rocketed the share price You can believe what you want.

[treacle32] 18/7/2014 23:27

We may find next week the MMs delete 1 of the 40m and 37m trades and once the price has gone north. And someone had picked up just under 83m from Lanstead too. No coincidence all took place yesterday.

Did Peel Hunt buy 10% for someone too?

They previously released 15m for Mc Keon to top up at 0.13p.

[treacle32] 18/7/2014 22:36

The trades can be put in anyway and delayed etc to ensure retail interest does not build etc. You have alot to learn.

1 minute 7 seconds between the 37m trades - rollover my ars*.

I've seen same lumps bought on the bid price in HCP before it blew 250% in 1 day last August. People like you thought they were sells. The RNS came of course after the 250% rise had happened.

The 4.70m buy yesterday wasn't a private investor too - was part of the parcel and the last trade on whoever bought in big.

[treacle32] 18/7/2014 22:35

They are not rollovers - and now you're referring to one of them.

They are not retail investor trades - rich boys and whoever has bought the stake already off Lanstead too - maybe Mc Keon has got the lot and who got Barry Gold's stake too.

[soggy] 18/7/2014 21:19

Don't be obtuse - they're rollovers more than likely. One of them is only 21 seconds apart, so that's a rollover. 1'7" is slightly longer than it is usually done but anyone can get distracted when inputting info, or mistypes and has to do it again. Two buys, 7" apart at a fractionally different price - not remotely likely. If they'd gone on the phone and asked for 80 million they'd have got one price, even if it had been put through as 2x40m.

But since you and I can never actually know we're both just speculating. That said, show those trades to anyone who's been trading seriously for a while and 99 out of 100 would immediately, unhesitatingly and categorically say that those look like rollovers.

[treacle32] 18/7/2014 20:44

Did no one see the bid creeping up all the time this week - touched 0.13p 2 days ago too - it was all for those very large purchases at 0.14p.

[treacle32] 18/7/2014 20:41

And the question is who bought very big via the market on the same day Lanstead also released 83m to someone else - we don't know who yet.

There is a link between the 2 and them trades are reported as delayed from yesterday when the 4.70m buy also went through at 0.14p which I think was part of the same parcel.

Why the did the MMs delay reporting them by 24 hours and after market close? After today's RNS on Lanstead too?

Something on Monday?

[vauch] 18/7/2014 20:30

buy on a t10 and sell on a t5 means you don't have to pay for the shares if it climbs in 5 days just bank the difference

[treacle32] 18/7/2014 20:24

They are not rollovers.

You wouldn't have over 1 min apart as shown on the 37m trade.

Retail punters aren't rich to buy £50,000 plus stock on a T trade.

[soggy] 18/7/2014 18:35

The two big trades of 40m & 37m presumably are rollovers. So if anything that's not a great encouragement as it means that whoever has taken the positions doesn't think it worth actually buying. Plus, if they don't intend to buy then they wil st some point close - and that may dent the price rather than help.

[treacle32] 18/7/2014 18:03

1. PEEL Hunt load up with 137m shares
2. John Mc Keon tops up with another 15m shares
3. Lanstead reduce by 83m off market transaction yesterday
4. 2 * 40m and 2 * 37m buys reported at 0.14p from yesterday

[treacle32] 18/7/2014 17:59

Been going on about PGR for 3 weeks - next week it could all come together - next REM.