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The end is finally in sight.
What a ride. An expensive ride. And a harsh lesson in AIM investing. As in, don't do it. Or quit whilst your 10% ahead and don't look back.
Should have sold at a minimal loss when BigGib and Awkward Turtle were ramping this about 18 months ago.
bitcoin.....never fell for the RM bullshit. He was not interested in a mere £100k (my usual investment starter) in Sula but wanted me to invest in a couple of the Madini projects at the time but none of those passed initial look.
Cherryburn commiserations my co-loser in Roger the Dodger...
At no point were RM and his Merry Madini men at a loss personally they are very clever in moving shares by third party means and collecting a profit at the right time.
I have a friend in Sierra Leone who has informed me that RM & Co. left all the employees with empty promises and all are destitute.
A local team of lawyers are selling any useful asset but at a cost to the employees of 30% of funds received, this will give them just a pittance of what they are entitled.
Madini have given a very bad name to any potential investor in what is a very good prospective country if a project
is handled in a transparent and professional way.
Nick Warrell was the consummate professional and should be brought back to clean up this mess.
Total spiv in my view and never to have been trusted. When I met him at Mines and Money 2 years ago and expressed interest in a possible investment in Sula he said that he already had big backers but would I like to review a few projects in the Madini portfolio (owned jointly by him). Most of these looked rubbish in any case but have been interested to see how he has operated in the intervening years and not surprised by the recent news. Are Roger and other directors creditors by any chance I wonder ?
Yes......What a turd.
I still have my large collection of YOU TUBE VIDEOS linked to SULA IRON AND GOLD AND COBALT AND PEPPER, as well as the newer comedy videos from AFRICAN BATTERY METALS AND PORK BELLIES.
The older 'CEO OF THE YEAR - NICK WORREL' videos are the ones that taught me a lot about AIM, and I am keeping them to remind me not ever to believe in the spin/jam tomorrow tales of CEO's.
But this newer video is possibly the most galling:
'I'm really going to do something with this' - Sula's new CEO on Ferensola project
https://www.youtube.com/watch?v=fTFc0Ci2230
Guess we were all taken as mugs. So a need to be wiser next time!!
I have a big spreadsheet with all the ceo's and directors to avoid in the future.
Anyone associated with SULA/ABM is on that list.
Commiserations to those who lost money on this turd.
Roger and the team deserved it. Another loss for me. Lucky it was just a small punt.
Just goes to show how full of sh*t this guy is . His past few interviews have all been that he has wealthy backers behind him and that exciting time lay ahead for this company etc etc etc , big sites with big deposits of metals etc etc etc .
The writing has been on the wall for a while , share price has been dropping non stop , no one is investing , no metals are being found , jumping around to different projects .
Shame for everyone invested his this con man
Another one bites the dust Cradle arc also out with no money on offer Expect to see this 20-30 companies in next year or so, all the dog sh@t lifestyle jam tomorrow companies will fall this next year.
11/12/18 16:36:55 News Alert for African Battery Metals . RNS Number : 1613K African Battery Metals PLC 11 December 2018 African Battery Metals plc / EPIC: ABM / Market: AIM 11 December 2018 African Battery Metals plc ("ABM" or the "Company") Statement re Suspension African Battery Metals plc, the AIM listed African focused exploration company developing projects in strategic battery metals is very disappointed to announce that, despite protracted discussions over many weeks with its largest shareholders, it has been unable to secure equity finance from these shareholders on any terms. Given the current adverse market conditions for junior resource exploration companies and after consultation on alternative sources of finance with its professional advisers, ABM has concluded that other sources of equity capital are not currently available to the Company. Having taken professional advice, ABM intends to approach all of its existing creditors and suppliers, many of the largest of which have expressed a willingness to work with the Company to enable it to continue to trade, with a view to negotiating a settlement of all of the Company's existing liabilities on equal terms, in order to give the Company the time to seek other solutions for the continuation of its trade. Should the Company be able to reach agreement with its creditors, the Directors anticipate that this will necessitate the issue of new shares in the Company in settlement of amounts due. None of ABM's employees and directors will draw salaries and fees until further notice. In the current circumstances, the Directors believe that this approach will deliver the best available outcome to its stakeholders. Should the Company be unable to reach a satisfactory settlement with its creditors, ABM will be at risk of being unable to continue to trade as a going concern. Trading in the Company's securities on AIM was suspended today pending clarification of its financial position. Further announcements will be made in due course. **Ends** The information contained within this announcement is considered to be inside information prior to its release, as defined in Article 7 of the Market Abuse Regulation No.596/2014 and is disclosed in accordance with the Company's obligations under Article 17 of those Regulations. For further information please visit https://www.abmplc.com/ or contact: African Battery Metals plc Roger Murphy (CEO) +44 (0) 20 7583 8304 SP Angel Corporate Finance (Nomad and Broker) Ewan Leggat +44 (0) 20 3470 0470 Notes to Editors: ABM is an AIM listed, Africa focused, resource company exploring for the key metals used in next generation batteries that fuel the new electric vehicle revolution. The Board and team of advisors, who have proven expertise in African exploration, mining and project generation, have identified an opportunity to
Done a couple of grand bottom fishing in this one.all this type of stock is tanking away. Who will be next to go?
Chances of coming out of suspension..? Good luck..
Shame to post this as my first post ahh well don't shoot the messenger please. 11/12/18 16:03:21 News Alert for African Battery Metals . RNS Number : 1573K AIM 11 December 2018 NOTICE 11/12/2018 4:00pm TEMPORARY SUSPENSION OF TRADING ON AIM AFRICAN BATTERY METALS PLC At the request of the Company trading on AIM for the under-mentioned securities has been temporarily suspended from 11/12/2018 4:00pm, pending clarification of its financial position. ORDINARY SHARES OF 0.1P EACH FULLY PAID (BYWJZ74) (GB00BYWJZ743) If you have any queries relating to the above, please contact the company's nominated adviser on +44 (0) 20 3470 0470. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com. END EXCFKDDPPBDDNBD
That would be great. But not expecting too much before 2019
news to come be for Christmas [ ? ] [ got to keep share holders happy] watch this rise this week[ somebody testing the share price ]
You have only managed to take this share down from 2p in mid November to 1.3p bid now. You really must do another interview so that you get nearer to 1p.
Nice to know that Cherry. I got burnt pretty badly in this share and another oil exploration company. Not much option except to hold and hope for good news
Gets worse for RM and his gang. New copper/cobalt hit with great grades only 250kms from the West China border. Why transport from Africa to China when there could be some Cu/Co concentrate on the doorstep. Anyhow RM still has to get the drill bits flying before any interest in this share.
Every time this guy does an interview , the price drops .
They might as well give up , no one is making money here and they are not finding anything
As always very soft interview. Shareholders with deep pockets Dattels blah blah blah. Nearology blah blah blah. Angling for the sympathy vote with flu symptoms.
Sadly, I agree with you we will see under 2 soon
Looks like I will never get back my average of 5.3
Or maybe even some physical uranium. Expecting to see trades under 2 soon.
Here is an idea Roger, go find some physical vanadium
I have a good feeling about the next one
Roaming around foreign countries, taking a good wage for naff all...must be due some more fundraising soon for the next dissapointing drill campaign. They are basically getting paid for doing nothing, shambles