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That's why Africa doesn't get investment.
Must admit haven't posted for a long time as there's been too much "prattle" on this BB. I apologise for any offence taken, but let's be honest, it's been moans and groans for at least the last six months (entirely justifiable wrt the famous imminent comment) - but would suggest we need to consider the basic facts again here (just personal opinion - DYOR etc). Thanks Wasa for your input.
1. I'm actually pleased about today's RNS - at least ACP have been active in some context.
2. The strategy at first glance appears to me very similar to the Mahenge project - explore in a nearby vicinity to other deposits - fair enough
3. I find it interesting that the location is in America and not in their own back yard of Australia. Read into that what you will but I understand MB has a geologist background hence I would like to think he's done his homework on this prior to committing his own money.
4. ACP is an investment company/trust? - The mines may someday get to production stage but always remember the possibility of sale to a third party. The IRR of Mahenge I think was about 90%, I would suggest an extremely attractive figure for a potential future mine producer.
5. The RNS today, which I'm surprised nobody has picked upon, but under the Subscription raise £650K it includes the comment "as well as continue to advance the Mahenge Graphite Project" - take again what you will from that.
6. Do I regret investing in AIM - definitely yes - would suggest all about sentiment and probably traders? - yep no imminent progress/action, but have the real underlying fundamentals changed at Mahenge?
Finally, yep lost £20K in HZM (my personal view is such a disgrace and it's effect will filtered into the wider AIM market), was fortunate to bail out of GRL at an early stage (only a minor loss), £75K invested in ACP (average 5p) yep huge loss but I'm actually happy to sit on that and wait - sentiment one day may change.
Happy for any feedback on above comments - that's what this BB is for, but will not engage in any arguments.
...so it can't be easy, is my point. Or a much bigger company with already the biggest graphite trading co in the world ex China as a shareholder would have built their mine by now?
Ask John de Vries. Here he is 4 years ago;
https://www.youtube.com/watch?v=wPqmlB76G-g
45 seconds in:
"And now we're engaged with the government of Tanzania to secure our final development permits once we get those out of the way we're into financing and hopefully pouring concrete and steel."
AFAIK they don't have financing secured (fully) and haven't poured concrete and steel. And they / were / are ahead of us, apparently.
Blah. Blah. Blah.
What happened to Mahenge graphite?? Dead and buried. This outfit has no focus he must suffer from ADHD.
There's obviously going to be a follow up RNS.
Rover, I do think we'll get that info in short order. I think the deal has just been secured more info will follow.
I know where it is, but still none the wiser as to the company or the mine, or more impotent potential.
We just have to trust Matt. 😱
Building up a portfolio of stocks is sometimes about letting them ride, initial, profit or both. I let mostly profit ride here, my initial went elsewhere to do the same. All on the back of MB/NJ misleading RNS (there is no defence for their actions). Yes I should of sold what I had after it became apparent they mislead the market but these are experts in their field in a (sighs) regulated market and everything was ticking along. Never trusted him since and won’t again, so thought might as well leave it in now and see what happens. As it turns out, nothing barring £30k extra out of shareholders funds in his back pocket. So this new venture and a raise for it could well suggest that the ‘other’ investments ain’t doing so well or he’s expecting a lot longer wait that he previously thought on the Tanz project if at all. Who knows.
Other thing about trading (from somebody who does it) is it's sometimes more efficient not to do it in shares but do CFD etc but then you have carry costs and if so I just wouldn't understand why somebody would sit years underwater on a trade with ongoing cost. Part of the thing I like about shares is even if I have a 7 figure portfolio (I no longer do, but I once did) my regular fee was like a tenner a month. As I understanding keeping a cfd alive for years is like a real pain
Ok so your trade went wrong, I get that too. I'm not a trader (hence losing money because I held too long - so not necessarily disagreeing with you - I could have sold my Horizonte holding for 7 figures starting with a 2 at one point) but my understanding of traders is they exit when losing because they get the fact that you're unlikely to get it back fast and usually there are better opportunities elsewhere? So part of a traders mentality is trying to make more wins than losses and I totally understand that strategy even if I haven't practiced it myself. So in that context I don't understand why you wouldn't sell here, take x loss, try to make 2x on the next trade on something better.
Hence why I believe AIM is not for investing it’s for trading. CEO’s aligned with shareholders means nothing, just like us they are in it for themselves and will do whatever for themselves.
But you're literally posting because you don't like him (I can't remember why and probably none of my business). If you were invested, and wanted your money out, you wouldn't talk him and the company down surely? Because that would mean you couldn't extract your £ invested imminently?
So I don't think you're invested, you got beef to grind with him, I get that, I got that too with JM at Horizonte because last August he said on time on schedule nothing to see here and 6 weeks later when away on business I'd lost £800k I could never get back. So I get why people don't like certain people, it happens.
For all I know he could be 150 years too late for the silver mine wasa, anyway you know my take on why I don’t like him so I won’t go into that.
Dee £3.5m of his own money are you sure? His average must be massive.
I have a choice and I had a choice. If I had my time again would I have put into AIM? Of course not, and I put that on the HZM board, as a parting thought. Now my choice is to wait it out (here) and see what plays which is why I'm here. I have a choice today, to sell, I could sell my shares. I can't sell shares in GRL (because it's suspended) and I already sold them in HZM (because it's toast).
The thing I still don't get is why people hang around if a. they're invested and underwater and don't believe in mgt. Just sell surely and move on? b. not invested but like to offer others advice on boards i.e. the famous djryan approach it gets really tiring real quick because people love it when you go around boards telling everyone AIMs an itshow and steer well clear or c. really not sure why you post Amtech you obviously don't like the guy so do you stay invested/sell/buy more? Obviously the silver mine might get developed imminently then we're all screwed because that could take 3yrs+
GRL - Remains to be seen
ACP - Progress unfolding, and let's watch it play out.
I too partook in the placing. It doesn't make sense not to when we're seeing progress.
As for HZM... I'm sure I told everyone I could dozens of times to steer clear.
MB is putting his money into ACP, with around £3.5 Million of his own money in total invested. Jeremy Martin took OUT around £8 Million over the years in HZM.
It's relatively simple - If Matt Bull Fails, we fail. If Matt Bull succeeds, we succeed. I really want to see more details about this project. Grades, ore, etc. Then we can all make a fair assessment.
Peter Major is an EMPLOYEE, right?
Are you asking why an employee is selling a project?
I'm not sure what point you're trying to make, but I think you should just come out and state it.
Doesn’t look like you have a choice wasa, aim casino at its best.
>>GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
should have read auditor resigned. Always good when your auditor resigns it means things are going well usually.
Good or bad to be said about every company but here were my three great investments from around 3 years ago, similar weight, I actually have most by £ invested in ACP:
HZM - now worth 1% of what I paid, CEO went with 7 nearly 8 figures taken out, paid in 0, company about to disappear
GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.
ACP - soft pedalled while Tanz gets its act together (note - Blackrock, for all their great RNS' still producing the same amount of graphite as ACP), company solvent, cash in bank, placing at 10% discount(ish) to fund another near term mine in decent jurisdiction, CEO puts in £100k of own money
Which do I prefer out of the three? Well I'm well down on all three but I know which of the three I might not lose my shirt on. Hence I supported this placing and remain invested. If people don't like it, don't but, or, you can always sell.
GLA
How much has the great MB pumped in Dee?
Regardless of the he has puut in more / less argument, he has still put in £100k. It's not exactly sweetie money levels and on balance is a clear positive.
AmTech,
CEO has pumped in more money than he has taken out.
You can do the maths.
I await your imminent response.
Don’t you like the truth Dan?