for more information about stanelco click on the links.

driver's research page link
http://www.moneyam.com/InvestorsRoom/posts.php?tid=7681#lastread
website link
http://www.stanelco.co.uk/index.htm

If it does drop out of the FTSE AS Index it will be a pain in the arse for many who hold the shares in ISAs and PEPs etc.

Fred
I think you are referring to a move down to AIM. This is not likely to happen.
If it drops out of an Index it is still listed on LSE main market.

would be more than a pain in the arse for me if it moves to AIM, would be an absolute disaster!

Tony and Gar, apologies I am always thinking disaster is around the corner.

Fred1,

Its quite possible with SEO!

With the first full trading day with the new shares on the market, and the total volume of 188,547,445 showing a net of -171,037,185 I am reasonably happy with just a 0.02p drop in the sp. With this very small drop, I suspect that there are either many orders not showing or not filled.
There will be much wheeling and dealing behind the scenes re the sp for the next few weeks. As usual us poor punters will struggle to see any trend coming.
This is obviously discounting any further relevant news.

Fred1 - round the corner, you're joking - it's coming right at you! lol!

Greekman - beg to differ - how can you discount future news, or do you mean ignoring future news, or am I being silly about semantics?

Nominee account credited with rights issue shares today, averages me down to 9.3p,

stop laughing!!!

Looks very grim.....

Nah - u should be ok then when they do a 10: 1 consolidation then - cos each share will be worth about 10p !!!!!!!! ;o)

Can we expect an RNS(s) tomorrow telling us who has bought large quantities(3%+) in the placing? That would be the 48 hour rule would'nt it? That for me will speak volumes.

Stockdog,
I could have been a bit clearer (I always make sense to myself).
When I said,"This is obviously discounting any further relevant news", I meant that my comments stand until there is future news. Obviously I am not discounting such news as something hugely material to the sp is bound to happen sometime, good or bad.
I was mainly referring to "will struggle to see any trend coming", without something solid to go on.

I knew what you meant !

Cheers Bhunt,

Thats 2 of us.
With OT trades in already at sell 32 mill, could be a testing day

I knew too, g-man - just checking if you did. lol!

greekman - What do you mean by OT trades ? Thanks.

Alfa.

Hi, Alfalfa,

OT=over night trades.

yep - we are going to drift until we get news of orders - and then there should be a marked improvement in price.

Dont expect the orders to come through for 3 - 4 weeks though as they stopped negotiations in October until they had raised the capital. You can bet those negotiations are already back on the table and due process is being followed.

Bas,personally I will be happy if we get one signed contract for a MMP by Christmas and don't expect any more but if the 2nd came through as well that would be a bonus.Remember we have British,American and German lawyers working on these contracts ,on 2nd thoughts...........did I say which Christmas?!!Here's hoping.

The Company was notified by a letter dated 08 November 2006 that Schroder
Investment Management Limited has an interest in 389,391,892 ordinary shares of
0.1p each in the Company. This represents a total of 13.08 per cent. of the
issued share capital of the Company.

The shares are registered as follows:

Chase Nominees Limited (held in unit trusts operated
and managed by Schroder Unit Trusts Limited (SUTL)) 76,624,326
British Coal Staff Superannuation a/c: P 153,737,868
JP Morgan Bank Luxembourg SA 3,291,829
Mineworkers' Pension Scheme a/c: R 155,737,869

TOTAL 389,391,892



The Company was also notified by a separate letter from Calyon Corporate and
Investment Bank dated 7 November 2006 that Credit Agricole Cheuvreux
International Limited no longer holds a notifiable interest in the issued share
capital of the Company.



Enquiries:



Robert Duggan

Company Secretary

02380 867100


This information is provided by RNS
The company news service from the London Stock Exchange

So, the end of the French Connection?!
kim

Credit Agricole have now dipped below 3% but Schroders now have over 13%.