many, many years ago. When I wrote about this I was hounded off the forum so fast. But I think it has been proven correct. It must be about 5 years ago now since this reached 1p when they were waiting on gold samples at the Deli Jovan mines (sorry if I have spelt that wrong). 5 years on and what is happening? They haven't drilled anything, they haven't mined anything, they are still years away from doing it. It seems to me all that is happening here is issuing shares in order to keep paying themselves a wage for doing nothing. I wonder if I will get hounded off the forum again for these comments now? Sadly a lot of people lost a lot of money here simply because of these messageboards. None of us would have have stumbled across this awful share had it not been for the hype and ramping of this share some years back. We learn from mistakes!
Sorry you lost out with this, but sometimes it's better to cut and run. I'll be doing so after Christmas, because we simply have too many shares in issue to have any meaningful upward effect on my investment average.
Hi Eric - I sadly concur - it makes me so angry the way the shareholders have been treated by the BoD, and especially C Bird on £120k per annum (now reduced) though the rest have been totally useless. I can't see a way forward right now. You cannot dilute forever without adding value. Fuming ex holder. GLA
I think we need to uncover nothing short of exceptional grades at Mutsk for the remainder of the project, as we prove it up. Can't say about Silverton as it still doesn't feel like our project to me, and I must admit that it has left me largely disinterested. Only because of the management of our Company and the behaviour of Bird insofar as him actually securing that 'handy' project. All too easy, requiring no real effort, particularly when considering the wages he is receiving,
As you say, looks like it's all a bit late in the day, certainly for existing shareholders. We are awash with too many shares, with what looks like more to come, barring a JV who would be willing to finance us in return for a percentage of future profits. Hence no further dilution.
Gold doing well yet we are really suffering. Doesn't seem either right or fair. Those 0.0249p buyers must feel as if they've been grossly mistreated, which they have. Duped.
Hoping the FCA is still monitoring the goings on here, particularly after those buys and the 0.015p placing price. Unfortunately it looks like we'll be needing more cash in the next few months, so good results from all step-out drilling or from Silverton are really needed now to get our sp up. A placing price lower than the last will be another nail in the coffin.
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