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Good luck
Ive told you why Forum gain will be PI gain
At present - this is on track to delist , then their shares are as worthless as PI
If RTO - the company will survive and some value may accrue for holders in time
get it yet? if you don't agree then fine, leave us to it - we don't need your condescending know it all advice
as to your personal insults
I have been wrong on this sure, fully admitted my mistakes in the past - but don't need the likes of you pointing that out
Your pretty good at insults and casting aspersions on peoples motives, as i say pretty shoddy behavior.
good luck in your investments.
In my opinion, possible dilutions is at most priced in. Maybe we will know more tomorrow after the AGM…. 'sink or swim'
Like I said, classic response ‘why are you here’ . I like to know why Forums gain will be pi’s gain ?
Your posts have been the same for years here Tiburn, lengthy and wrong, yet you still don’t learn. My call would be that you’ll get little back from your investment but you continue to big up what ‘might’ happen ‘could’ happen with a little fact thrown in for good measure next to a link that’s of little relevance but to sow the seed of positivity. Seems to me you’re trying to get folk to buy in so you can get out with as much as you can. Everyone to their own I suppose.
If Forum doesn't intervene, all of their investment is lost ... that should be motivation enough.
oh really? that's exactly what your doing
so why are you here then if your not invested?
Ive answered your points numerous times, but you haven't answered mine
Forum will do what they will for their benefit - on that we can agree at least.
What gets left for legacy investors should be none of your concern, as your not invested.
Nothing of the sort ,
So why will Forums gain be pi’s gain?
Why will Forum fold in an asset for the benefit of legacy investors like yourself?
My point is made - so your only reason to post here now is to stir it with those that held - we all make trading errors, but its pretty shoddy behavior going back to an old investment BB and saying I told you so, as your doing Amtech even if you think your right, with hindsight.
I go back to previous points made - it may well be further diluted, however as much of many holders value has gone already, holding out for a RTO deal of whatever colour is better than sale and realizing that loss.
Classic response so to answer no I don’t hold shares I sold what little I had way back when it looked like China’s full Olympic team walked on to the drill site waving their flags, about the time when the company wasn’t getting paid by its government partner, and when the company was taking its drilling partner to court, etc etc. That’s all done with now though. But your right non of us know what will happen, the only certainty is that it won’t be for the benefit of existing pi’s. Why would it ? If you’re a holder then you should be concerned about dilution as 1% of your holding left is basically nothing and I’ve seen it happen before, diluted that much there’s no chance of getting any worthwhile funds back. Yet if you’re not selling anything to anyone why tell everyone Forums gain will be pi’s gain and Forum will give those pi’s who were daft enough to hold a free resource. If Forum put anything in here it will be for their benefit. I don’t see it as negativity or criticism I see it as realism.
I notice you didn't answer the question - do you own shares
I assume not - which makes your motives for posting even more suspect.
As to the mechanics of what they do - neither you nor I know what will occur so pretty useless debating semantics.
As i said - i don't care about what dilution occurs later or part of any deal done - my point is that they will invest some of their money up to allow the company to survive - 100% of nothing is 0.
Im not selling investors anything Amtech - Im not exhorting anyone to buy here at all - just pointing out things as i see them- but what are you selling apart form criticism and negativity?
You said Forum own 25% of the company and their shares are the same as any pi’s. So why would Forum then fold in an asset so that 75% of existing shareholders get it for nothing? Simple answer they won’t, a deal could be done which will dilute existing shareholders including themselves but they’ll then take a bigger cut of the company as remuneration for said asset that they might fold in to this shell. They’ll also need funds for that asset from the start which will be more dilution. So what are you actually trying to sell to investors with your ramblings, what are investors buying into here at present?
Amtech do you have shares ? If you do happy to debate. I don’t care if they dilute later , what I do care about is that they fold an asset in here first so the company can survive, it’s far to low atm to raise much of anything material, much less £6m to avoid delist, without them doing so, otherwise what are you saying? They invest none of their money up front?
So what you’re saying Tiburn is that Forum will find a resource and put it into the aaog shell for nothing leaving all current holders with the same percentage as they have now !
Narrrrrrrr not gunna happen
Forum own 25% of this company in shares directly held
Their shares are exactly the same as any PI holding, they just have more.
What they do to fund/fold an asset into AAOG will directly impact the SP and so the value of their shares aswell as PI holdings - they are in this for themselves, the entire point of taking a position, gain those tax losses to leverage.
Their gain will be PI gain - when they takeover the board with their 3rd director and after they RTO an asset in, it will be like Forums own directors owning 25% of the new company - often a good sign to see director buys and a bad sign when none occur as in DS/JB.
GLA
Amtech
Many are locked in and decided to wait on this RTO, average down, rather than realise a massive loss.
Does that make us nutcases? maybe - we shall see, as this drama is yet to end
but for many its a rock and a hard place
Hobsons choice is a good analogy perhaps which explains the rationale of those that remain:
"The term "Hobson's choice" is often used to mean an illusion of choice, but it is not a choice between two equivalent options, which is a Morton's fork, nor is it a choice between two undesirable options, which is a dilemma. Hobson's choice is one between something or nothing. "
Personally I think the RTO is going to happen for the objective reasons posted - we shall see what value there is for legacy shareholders - you may of course be right and this may be minimal, or I may be right - the SP should go up at least on RTO giving some a chance to exit with some of their shirt - or remain for the new company journey.
Personally though Tiburn I think the nutcases are the ones who’ve held on for this long. The company is on life support and RF will keep thinning the blood. Any resource placed into this shell needs a lot of further funding to go with it and whoever does that will not care one bit for the legacy shareholders interests. Just my take without any dressing.
I certainly want you to be right Tiburn and I bought 200k more this morning. GLA
I’ve got everything crossed for you T
Hi Tiburn,
That's what I call a subtle answer :-)
Amtech
Cant deny the journey, but I do see a Chitty Chitty Bang Bang flying ability in the future for AAOG after DS/JB drove us off that cliff.
If your right then this delists - but no one will take any especial satisfaction from that except the non invested nutcases who tediously stir it here on occasion
If im right then we have a chance to make some money back
I assume you want me to be right?!
Certainly has been a horrible journey, drove straight off the cliff like Thelma and Louise did and the bottom of the canyon is approaching fast.
RF facility allowed for £1.5m over 12 months as issued Jun 11th
"The key terms of the Facility are as follows:
· First drawdown of £160,000 to be advanced to the Company today;
· Further drawdowns of £100,000 per month (the "Drawdowns") to be mutually agreed between the Company and the Lenders up to the Commitment Amount;
· Each Drawdown shall be repayable 12 months from its issuance"
So since June they could have taken
£160k June
£100k in July, Aug and Sep = £300k
Total £460k and massive dilution
What they have actually taken:
£160k (no shares issued for this - repayable in Jun 2021 )
July - £0
Aug - £20k
Sep 2nd - £38.7k
Sep 29th - £25k
Total £243.7k - so some dilution but reasonable overall, staying below 500m shares in issue looks like a goal, which indicates some prudence and looking to not dilute Forum to much as major shareholder with 25%
Its a horrible journey AAOG has been on no doubt and we are by no means out of the woods yet - but signs of some chance of recovery are there at least - just need to evaluate the data more rather than see the (notified intent of) dilution each month and just assume same cr*p, different day.
Death by a thousand cuts this one.
Previous calcs established their monthly burn rate for the shell admin costs at average £25k, the exact raise amount for Sept month, just under the wire.
Whats interesting is that the RF facility allowed upto £100k p/m to pay for due diligence but that draw down isnt occurring at all - the original £160k taken must have been sufficient to complete the DD, indicating its near to completion.
Nov 4th and ceasing trading approaches - recent AGM detail and these RF drawdown actions indicate they may be attempting to RTO before this date in 5 weeks. There are only 4 or 5 trades a day currently so its not an issue if they are later to Forum, as AAOG would be readmitted on publishing a prospectus and gaining the asset for the new company.
Even without CV, an RTO takes time, sometimes more than 6 months, but it could be completed in October.