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Seeing as no one is giving any objectively based answers, here we go. I'll keep it concise for everyone to understand. Happy to be challenged:
1) What has the management achieved since the mining license grant in 2021 which justifies taking a salary?
NOTHING
2) Why was the recent acquisition not funded through the £1.59m listed investments?
Either one of two scenarios:
- They've decimated their investment portfolio looking at the performance of shares such as Lindian. Shareholder cash irresponsibly ploughed into high risk companies and blown.
- Prefer to dilute and extract more cash from investors without consideration for shareholder value
3) How do you justify the £500k spend to go via the issue of 184m shares/warrants at a record low price? Presumably, you took part in the placement - did you or any other placee see the investment pitch with its details or did you go in blind?
There is no justification, Wasa, Dee and other placees have gone in blind. It is evident they coughed up hard cash "trusting" Matt without sufficient information on the asset to actually value it. Now further RNSs have come out giving some details, market recognises it is going to require significantly more capital with risk attached. It isn't interested.
4) What was Matt doing in Sep 19 when he said the company was now funded until production with £500k raised at 1.8p. Why then did he follow this up with £400k raised via CLNs and this again was followed up with £550k subscription in April 2020 @2.25p with 24m warrants @3.25p. Did he lie to the market when he stated in RNS that the company was fully funded to project finance?
MB misled the market
5) There were multiple RNSs in H1 2020 saying finance imminent then no news. The chairman stated that ACP will be in production in Q1 2020 as late as Feb 2020 yet the mining license hadn't even been applied for. Why?
MB misled the market
6) What proportion of Matt’s holdings are “free shares” and how much were paid for? A calculation for his low average wouldn’t go amiss.
This someone else can take
Says nobody gave objectively based answers- Proceeds to give non objectively based answers.
And I'm the funny guy! :D
Why don’t you answer those questions then Dan?
Because I'm not obliged to. Because they've been answered by at least two people. Because I don't want to entertain him/her.
Or is it because you know RHT is correct ?
I don't think he/she is right, I think his/her questions are for the most part cherry picked generic nonsense. Are you a psychic now, Amtech? Do you believe you know what I am thinking?
It was a question not a statement. Although we all know RHT is 100% correct on questions 4 and 5
Dan, point out where I am wrong/non-objective. As I said before I am happy to correct myself and retract on the condition you answer with FACTS. There has been too much of this emotional lark and taking things personally, Dee being a primary case in point. My thesis is that MB has misled the market, I have quoted facts and on this basis he cannot be trusted. The issue here is mismanagement and until it is addressed no matter how many shares MB is holding it won't change the SP nor the investment case. If you are gambling here rather than investing then say so but don't pretend that the investment case is a strong one - you can't trust a word that MB says and that's based on fact.
I'm not entertaining you, I think you're a fool. And why do you keep mentioning Dee? He's really gotten your knickers in a twist, hasn't he?
Ok if you do not want to "entertain" me then make sure you don't respond to any of my posts in future. You comment on my posts when not obliged to and when confronted by facts you run away. Either stand and converse like an adult or stick to your word and refuse to "entertain". Wasa and Jim both done a legger when they figured they have no logical answer but you and your friend Dee decided to engage, and when you couldn't you began to deflect.
I will respond to whatever I like. If you don't like it then there is a button you can press to block me like many have done to you.
Here's a fact:
RHT99, your track record on LSE involves you being super bullish AST near all time highs, and being super bearish ACP near all time lows.
My "track record on LSE" - you couldn't make this up. Thank you for highlighting my track record on LSE, lol.
In reality I called ast from 3p and it went to 17p.
You called ACP at 6p and it went to 0.5p.
This is the facts, you carry on your deflection tactics.
Lol RHT99, who are you kidding?
Your first post on AST was on January 20th 2021 with the shareprice being 9.5p.
Then your final post ramping it was on the 5th of February 2021 at 17p: "Word on the grapevine we are close indeed, could be a matter of weeks at tops. Lets see if rumours prove true. Welcome RNS this morning and to give you heads up my boys are going to be ready with their wallets so if you fancy selling you'll get the liquidity"
Only, people DID sell, and your boys clearly weren't buying in.
Then on the 12th February 2021 you posted on the ADME forum: "Tonnacombe, you want to take a look at ast. That is your type of share about to do a colossal move higher"
Only, it then proceeded to dump. Around 80%, including a huge gap down of 30% in a single day.
And you stopped pumping. No explanations, no answers, no apologies.
You didn't post on LSE for over a year after that.
This is the definition of a pump and dump.
Absolute cringe.
I see Dee's whole life on social media is limited to LSE. I was a prolific poster on twitter at that time. All of those posts have a context. You keep begging for explanations, what's the point in writing 20 posts on here moaning about my AST trades rather, you could easily post up there and i'd happily engage you. This is a deflection tactic. As you cannot deal with MBs BS wrt ACP here you decide to talk about my posting history. You couldn't make it up
It's a classic rampers tactic. You shoot the messenger when you can't deal with the message. You can have a pop at me as much as you like, but until you dont deal with the issues at hand any objective observer here will see right through you.
Keep trying, RHT99.
But you've been rumbled. I'm sure there's good reason your Twitter account has been banned. I bring up your AST behaviour because it demonstrates your character. It's not a mutually exclusive thing, where you can be a crook on one forum and a saint on the other.
Your character permeates it all. You ramped AST with your so-called millionaire buddies ready to buy, disappeared from the forum you were ramping on for over a year, and now you're in the ACP forum as through you're some beacon of morality, or you're just an innocent poster attempting to help others?
When have you helped others? You lie about your own post history, and everything positive surrounding you happens to be 'deleted' - Convenient!
First take ownership of your own behaviour, then go around criticising others.
Judge, jury and executioner. You don't want answers, you want to shoot down my credibility in order to show that MB is credible. It's not going to work. The key thing here is I am raising CREDIBLE points. You need to cut out the noise and address the content of my thesis. MB has brazenly misled the market, he has a failed historical record at this company and has no viable and coherent plan to restore shareholder value. This is plainly why the share price is where it is.
At the same time, your thesis on AST was it was headed towards the moon...
Instead it cratered...
Not sure your thesis' are worth paying attention to.
"shoot down my credibility in order to show that MB is credible"
What planet are you living on? Nobody shot down your credibility, we only highlighted it.
Yet no one mentions MB’s credibility being shot to pieces after misleading the market multiple times.
Yes they have, you've mentioned it on a regular basis for years.
Not all of us think he intentionally misled the market and some of us are looking at the bigger picture.
You've had loads of time to sell Amtech yet You've chosen not to.
Really, seems to have plenty of experience.
Mr Bull is currently the Technical Director of Armadale Capital PLC. He is also the Executive Director at gold-copper Exploration Company Paterson Resources Limited (ASX:PSL). He has many years experience in the mining and exploration industry working with a wide range of commodities including graphite, gold, copper and iron ore. Mr Bull was previously on the Board of Directors for graphite mining company Volt Resources Limited (ASX:VRC) and Lindian Resources Limited (ASX:LIN).
He has considerable experience in operation of greenfield exploration and mine development drilling programs, having been a consultant geologist on Discovery Africa’s Tanzanian Graphite Project and was Chief Executive and Chief Geologist of Baru Resources.
He has a Bachelor of Science (Honours) in Geology and Geophysics from the University of Adelaide and is a qualified Competent Person.