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Silver
Funding from, existing investors, directors and Investors!!!!!
I have to ask, why?
There may have been some forward selling ahead of this, but I havnt seen any volume for weeks to sustsntiate this. So. In normal times these placing shares will be offloaded into the market to get the origonal investment plus 5/10% on top, back for the Investors!!!
The sp has already crashed to the placing price today, leaving little opportunity now for shares to be offloaded?
So one must assume long term investors have provided the funding, as you say, who else could be bothered?
You can now buy 10M shares for next to nothing. I may be tempted to do that, however let's see if the sp drops further.
I need circa 7/8 to break even and run for the hills, therefore lower the average for peanuts and wait. There has to be some positive news shortly. There has been nothing for over 12 months now!!
So Hope licence may see a small rise, but then finance will be an issue and more time wasting by CB so it will inevitably fall back.
Mankayan, is the big hope now here, any IPO news and I will break even. Therefore sit tight and don't sell at a huge loss just yet.
One other hope is that the dp rises on rumour and the pump and dump brigade get stuck into it for a few days and there may be an opportunity to get out.
Mr T
Further points re comments today.
1. T34. They've been trying to offload/JV Eureka for years. Nobody's interested.
2. MrT. The funding no doubt comes from third party pockets. Can't imagine that anybody in their right mind would put up new funds for this shambles. The new issue is effectively more shareholder debt. Birdies balancing act continues for a while but even a 10 million share buy is peanuts now. Sorry . Big red flags flying.
bzt has become a complete basket case now and if i wasn't so far down i would offload.
yes i know listed companies require cash and lots of it if they are not generating income. most on aim aren't?
the thing i can't get to grips with here is that a company valued at barely 2m can raise 800k!!! yes i know discounted by 30%, but bloody good raise for such a piddly company.
so the only good bit of news i can hang onto is that these investors are either bloody stupid, or there must be a good chance some good news is incoming and the sp may rise on the back of it?
the projects have all basically stalled and are all going nowhere as far as one can see!!!
the shareholders group appear to have given up as no contact has been made with cb for months. i was informed that there would be no further contact until the hope licence was granted, but i cant imagine even they would have thought we would be here still without a licence?
as i pointed out earlier, funding is sorted for 6 months or so, but, i think cb really does need to get his **** into gear now and produce something for ling suffering holders.
he has so far produced zero???
he has decimated the share price single handedly so that is his one accomplishment here. well done cb.
mr t
I've have the misfortune to be invested in CB companies and clearly not aligned to shareholder interests. Dreadful performance and never anything to show for it. I wish we could get him removed from the bod. These directors need to be more accountable for their performance and in this case the sheer lack of it
6 Actually; AFP, BZT, GLR, KEN, XTR & TIR.
Spread so thinly hardly exisits! Have a look at GLR & XTR today and see what is being said there.
Could BZT go the way of BMR?
When he speaks, even CB cant believe how much rubbish comes out of his mouth. Never ever invest in CB companies, you will invariably lose money unless you can predict a spike. there is always a spike
I did just see that he is the director of 5 companies no wonder he has trouble getting projects done
I see Colin Bird and it’s a no
I guess what we have to hope for here is that the mining licence comes soon and that they sell the Eureka project to pay for the mine.
Each of those 3 Billion shares just issued, they come with a warrant on a 1/1 basis, so the warrant can be exchanged during the next 3 years into other shares. So 11 Billion shares is guaranteed to become 14 Billion shares if each warrant convert into a share. Damn
8 Billion shares now become about 11 Billion shares. Damn
Had high hopes here :-(
You couldn't make it up. Billions more shares issued creating massive overhang.
The RNS uses words like testing,planning, studies and costing endlessly so (if) they finally get to the drilling stage a lot more funding needed. Nobody should be surprised by market reaction.The disaster just keeps unfolding. Who are the idiots that keep funding this company?
You can buy at 0.0255.
Whether you'd want to is another matter.
Listed sells are buys@0.026
Sorry 0.025
Placings are part of the ownership of AIM exploration. I think CB was hoping for the MLA to come through to boost the SP before the placement but these take time. If the SP falls to .25p to buy I will double my relatively small holding.
Hardly unexpected list of expenses for progress which would never have been far away. Now let's be positive, get that licence and make some progress.
Placing:
Inevitable?
Positives:
Able to raise 800k at this point in time,
Price, irrelevant , as the sp is already at an all time low?
Funded for the foreseeable and there will be no issues with issuing final audited accounts?
Negatives:
More shares in issue?
Now we need that frigging licence?
Mr T
More confetti. same old
Colin Bird needs spending money!
I don't think that activity was real trading though? Too thin and most of the trades were piffling. I thought one of the large trades was a reversal of an earlier one? I had this happen to my trade on another stock recently. I couldn't understand why my buy wasn't showing correctly, pence differential? It was then reversed the following day hence creating 2 trades!!!!
Nothing happening today here so Friday volume was an irrelevance, either as above or broker's tidying their books! Weekend?
The wait goes on?
Mr T
Posts have dropped off Mr T but I don't imagine people are giving up. I posted re all the activity Friday with ambitious thoughts of upcoming news. Maybe it unintentionally infringed posting rules in some way. Not published anyway.
Looks like it could be another month!!!
Deathly silence here and more worrying many older poster appeared to have thrown in the towel?
CB needs ti update us here on to what exactly is going on. Why thevling process for the licence when he insisted the suthorities were fully behind this project?
Mr T
Without a mining license...... however, some good volume on Friday, 85m (Vs 8m daily average) so perhaps someone in the know knows something......over to you Mr Birdy.