Some time ago I was taken to task about a liking for Hot Tuna.Well I hope the taskmaster is watching the screen !!!

new kid on the block;I just watch comments made by you guys, but surprised no comments on HTT today ?

That's the end of that then.

The Company has no plans to move into mining.



Friday 11 March, 2011
Hot Tuna (Intnl) plc
Response to Press Speculation
RNS Number : 7879C
Hot Tuna (International) plc
11 March 2011


11 March 2011
Hot Tuna (International) PLC
("Hot Tuna" or "the Company")
Press speculation

Hot Tuna plc, a leading surf wear and fashion brand, notes the recent press speculation and price movement. The Board wishes to clarify that, as disclosed at the time of the Company's trading update announced on 21 February 2011, the Board continues to consider how best to support the planned development of Hot Tuna as a surf wear and fashion brand. The Company has no plans to move into mining. As part of the planned development for the brand, the Company is seeking to raise approximately 1.3 million at 0.14p per ordinary share. The Company hopes to be in a position to announce full details of the placing shortly.





Enquiries:





Hot Tuna (International) PLC

Geoff O Connell






Tel: 020 7440 0644

Pelham Bell Pottinger

Lucy Frankland/ Dan de Belder




Tel: 020 7861 3885

Seymour Pierce Limited

Mark Percy/ Catherine Leftley




Tel: 020 7107 8000

why would they? Like any high street supplier times are tough. With new leaders and the strong brand commitment which has carried them through so far I believe that as the loyal fan base grows so will the company. I for one have been in for some years and will take the long term view that I will see a return on my investment. Check your baggies, are they wearing thin? Then hot hot tuna are the only ones to be seen in.

beebusy

why would they? because MVC did that's the point. And they still might.

They have brought in Melissa Sturgess, She has helped the corporate development of a number of UK listed resources companies.

Sorry dont see the connection, why would a company already struggling, engage in a new venture at a time when mines themselves are in the doldrums with world demand for anything other than gold or silver at an all time low. My partner runs her own jewellery business, when she comes home tonight all tetchy I will suggest that she gets a mule and pick and goes a prospecting !!! And as for Melissa, which is greek for honey bee by the way, she can buy up any of my mining stock that she cares to, they are all the pits anyway.

beebusy

The reason there is a lot of interest in HTT at the moment is because of the appointment of Melissa Sturgess, punters know about MVC they were in trouble the sp was .20 they did a RTO of Orogen Gold Now ORE they have brought in a new board that know about GOLD and Gold mines. If HTT doesnt pull something out of the hat or go down the mining road then there is no hope.

(MVC) Medavinci was previously an investor in a group of portfolio companies focussed on innovative technologies, products and services within the Health and Wellness markets.

I suppose like all these things time will tell.I had an opportunity to get out while fimly ahead not so long ago,I took out two thirds and left the other in as a speculative punt, bet you know what my thoughts are now??

bb

It still looks good if I had the funds I would have a punt, if she can pull something, these could go up nicely.

Melissa Sturgess
Current directorships:
Carlton Resources Plc
Ethiopian Resources Limited
Nyota Minerals (UK) Limited
Nyota Minerals (Ethiopia) Limited
Past directorships:
Churchill Mining plc
Diamix plc (put into Voluntary Members Liquidation)
Sylvania Resources Limited
Washington Resources Limited

I think I will refrain, no use throwing good money after bad, and if she does turn it around I will be very happy with my lot. I have been watching my other little speculation OTC slowly subsiding like a poor souffle!!

bb

Yes that one is on my watch list it's not been doing well lately. Hope you have got some RRR and RGM tucked away.

No I plan to retire 2012 and ditch all this lot. Life is to short to spend watching charts etc. So what I have left I plan to phase out as and when or should I say if and when they get anyway near to breakeven or dare I say a profit.

bb

You will miss it, your be back have a nice retirement dont work to hard LOL.

Melissa Sturgess gone walkabout !! That marriage did not last long, Oh! to be one of the plentiful aussie flies on that boardroom wall.

bb

You were right theres no mining in T shirts not for this company. Fingers burnt for some.

Hmmm! now what are they going to do? Need to raise funds. No street cred. Exec that lasted as long as it took the ink to dry on her contract. Now if I was a Far Eastern clothing producer looking for a good brand name with little fingers in big pies. Total share value less than a 3rd rate bankers bonus. I would be licking my predatory lips.

Well, for better or worse I've bought some HTT this morning. Just a little dabble having sold some profts of my ABH.

with the SP at rock bottom this is purely a highly speculative play,,it could even go down further and eventually go bust! .... on the other hand..it could double/triple from here on any kind of good news! onwards & upwards!

Bet you make money on them!!

The next move to fill the vacancy left by Sturgess will be crucial.They have to scoure the market for somebody with the track record and the cahones to drive them forward in what is a very competetive market. If they find such a person, can they afford them? There is no doubt that if they do find the magic ingredient the market would respond in a positive mode. It remains a punt, but a cheap one with the possibility of being a nice little earner.A little block of 250,000 doesnt break even a church mouses bank but may come up trumps. DYOR!!

Hmmmm! all buys from 1000am until 1250 good volume to??

Now up over 11% and still all buys Buy ratio double the sell ratio,selling stopped at 1030 and been on a roll ever since.