focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Suzy2/ you never know what goes on behind closed doors just think outside the box money talks every were .
Hi Sooz.
Evening Eric.
Glad you're ok... Have a great evening everyone..
Evening Roller. Am not too bad thanks, hope you are doing ok. Just taking a back seat with posting for a while but still reading the posts and fully invested. Just waiting for the Court decision. Re the latest RNS release about the consolidation, it will make the Company open to investment from a wider group of potential investors, one would trust, and pending the Court decision going in favour of the Government.
I personally don’t feel anyone warrants Options for doing a job, until sustained success has been proven over many years, but we are where we are with that.
Cheers Roller.
Evening all.
Having said they don't care, I suppose they might care to be a bit mindful of the Mining Strategy Document which invites foreign investment into mining exploration, which they don't budget for themselves.
Hello Maddog....Those thoughts don't totally stack up. I'm sure the Government don't care if we go bankrupt or not and as you say someone else will mine the resource if we don't. But the decision by the Court would be incumbent on the Government and anyone else...so if its goes against the Government nobody can mine it.
I have always said that if we do not open the mine someone else will i.e the government over there,
I have no doubt if the government wanted the mine to be mined they would have pressed themselves and found room before now to do so ,
they would have paid these people off in some shape or other I quite believe we are being totally stitched up and they are just waiting for the company to go bust ,
just remember that the Independent Mining Federation in Sweden said that at this stage we are at now the value would be well into the higher millions of pounds that was when we started getting blocked by one thing or another,
just so you know the company is worth more on paper than in reality what we need is funding quick time.
Eric I hope you're ok dude....
Ibjj So you say you've been saying this was a dud share since April 18? Yes, we remember it well...can't say no wont say yes, wasn't it? Lol.
Why don't you go and play in the garden...I'm invested in this which means I've got a reason to be tiresome and you have not. I repeat...the BOD have had to labour with the uncertainty of this decision for a long time and I don't need your permission to express that opinion.
Suzy2,
Your relentless excusing the board and the “what could they have done about it” is tiresome.
I have been saying this is a dud share since April 2018. Since then, everything which has happened has consolidated that view.
The BOD will continue to prosper personally as long as the dumb money and dumb opinions like your prop them up.
Now go and play in the garden ffs
and what can rostin have possibly done to warrant being paid £144k on top of his retainer?
am i the only person to have actually read the latest financials? if the figures contained within don't make your **** boil, there's no hope
The £3m spent on adminstration last year? Now that's a waste...
It is of course that very fact, the fact that it's game over if it goes against us and that to be fair is what the BOD have had to juggle with for the last two years at the very least and nothing really they could have done about it...,the PFS would just be waste paper
The court ruling is an uncertainty, and a drag on the SP. But the current state of affairs is wholly the doing of the BOD.
And that court ruling is literally game-over for the company if it goes against the government.
The market doesn't know what the Court will decide whereas we think we know. :-)
And it's an opinion piece, fact based, but none the less, an opinion piece. The market currently values us at 0.07p per share.
That report was written, from a financial, at a specific moment in time, and under a specific set of circumstances. It will no doubt be re-written to reflect new circumstances.
So yes, it's completely out of date from a financial perspective, much like yesterday's news.
Let's stick to the facts.
Phew! That's a relief.
Thanks Si...you answered just as I typed. X
And how is the recent SP valuation from Angel another matter altogether because it seems to be wholly the same matter to me. If Angel valued the 1p ordinary share at 5p (potential, conservative, etc)...how does that hang with the ordinary 5p share following the consolidation. because that valuation was made recently and before the consolidation was announced.
The valuation will become £2.50 as it will be 50x that of the current valuation they have put on it. The options will also become 50x that at which they were put so will be 37.5p.
The consolidation is to make it more appealing and easier to raise money. It was obvious it was going to happen after the last fundraise.
The recent SP evaluation is another matter altogether.
5p is just a rating... Not an actual market value. They will be 5p Ordinary shares. It's a legal thing... They could be ordinary 10p shares for instance.
And I accept that a small cap with billions of shares in an unattractive proposition, but without without news, we'll be there again in no time.
38m shares will very quickly become 76m... Watch this space.
Dumb money? That's how Bowie and his ilk view private investors.
Thanks Pocko... technically worth 5p but actually worth about 0.75p? But still the question of Angel's recent valuation...is it still 5p or is it £2.50?