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Down to the wire it would seem
Who knows mate. One thing is for sure, the wait will be over soon enough. Can't see many pi's desperate to buy this stock after the way we have all been treated.
I beg to differ with the suspension. We have lost our dough for sure. We have already done that. It is just a case of when we make the loss a reality. I will be waiting until PH shows their cards before I jump. I have lost 90 cents, there is no difference between 90 cents and a dollar. We can still write it off on tax. Unfortunately we cannot sell and buy back to get it both ways.
This won't come out off suppension. Just my opinion but I think the end is near. Even if they do come out of suspension us shareholders will never see our hard earned cash again. FACT
I don't know him from the roos in the back paddock and therefore nothing to trust. However, I can add 1 and 1 together. And make all sorts of answers. But consider this. Does PH go around throwing money away? Not likely. They have orchestrated this from when BigDish pulled out. JM-K left because he had morals and wanted a better deal for the shareholders. The SHs said they did not want PH. So what do we have - PH with a worse deal. We have today and tomorrow to announce that we have a NOMAD. This will happen as PH won't let the company be delisted. PH is not here to hopefully find a project or company to suddenly show up. So PH has a project to slot in place. The PH deal is not characteristic to at least one of the board. JM-K walked, will there be others? This is not going to fold up into a fetal position. We as shareholders may have been screwed over, but NYO is a long way from being a corpse. We have just been diluted to one tenth. So instead of being a 10 bagger it needs to be a 100 bagger. As I said, we will be getting an announcement very soon and when we read it, we will be saying WTF. yet the answers are already there. We just don't know the precise details. We just know that there will be a nomad (we don't know who) PH will put a project in (we don't know what) and most likely there will be a board shakeup (and we don't who is going nor who is coming) We all have a choice of getting tax losses or staying in hope of breaking even or winning later and pray that it does not tank completely. In the meantime we cannot do anything especially us Aussies. At least we can get 47% back as tax losses.
Do you know him personally, or do you just trust he's word?
I am certain his mate gave him a nod. Me - I am certain that we will be saying WTF.
You sure that was a nod your mate gave you?
Hate to hear you when your negative
Got to stay positive , esp in term of investment
Little ray of sunshine aren't we
I hate see shareholder being screw over , I hope it pan out for you guys
5 days left isn't convincing
jimmy not until the 17th of September which is 5 working days and as the 17th is a Sunday the RNS can actually land Monday the 18th at 7.30 in the morning so chill mate .
so is all lost ?
delusional I think lol
Let's learn to walk before we run, surely?! Or am I the crazy one?
Will this ever get to 1p lord?
Due soon guys just had the nod could be in the next week
Thanks for the prompt answer. GLA
JM-K here. I did not know what was coming. It's just an answer. Your guess is just an uninformed guess.
Jmk TRADES, TR1s. Does anyone really think he did not know what was coming??????. It's just a question. Your guess is good as mine. GLA
I think it was a warning of WHAT was incoming i.e A SUBSTANTIAL DISCOUNT PLACING, nothing else. In other words, 'get out now you will get them a lot cheaper', IMHO of course. GLA.
With, as it turns out, a placing at 0.005p coming up it might leave one somewhat suspicious of forward selling – after all, if the listing is lost who would bother to check that their worthless shares were real? But if the Nomad situation is resolved, who would find out they had bought non-existent shares? But of course, Beaumont Cornish was still on duty so it can’t be that. So I guess I’ll just have to content myself with the market listening to my piece last Tuesday.
Wind forward to last night (after-hours, natch) RNS and as previously flagged on 15 August, Peterhouse last night was announced to have withdrawn its notice of resignation and lined up a £550,000 placing at 0.005p. Meanwhile the company tells us that it is confident of appointing a replacement Nomad. It is full RTO steam ahead, then. We also learn that the BigDish loan (£200,000 and £8,222 of accumulated interest) will be converted at the same price as new shares to be issued by the company at the planned reverse take-over (previously it was to be converted at 0.02p) and BigDish has waived its rights to interest, conversion of redemption. That, of course, was the loan which we were told Peterhouse had made a binding commitment to buy out for £170,000, but then didn’t. Since the EGM called on 3 July rejected much of what the company had planned by way of equity issuance cash has been in short supply – the quarterly report on 20th July confirmed that it had just AUD $57,000 as at June 30th of cash after the disposal of the company’s residual tenements. The payables/receivables were not disclosed, suggesting bad news being kept under wraps. Within a week of the EGM, Beaumont Cornish notified the company that it was to resign. One might wonder why Beaumont Cornish gave its notice. Given that AIM is a shrinking market, surely a Nomad would not hand over the keys without good reason. Now it could be that Beaumont Cornish simply reckoned that the company would be insolvent by 17 August, or thereabouts, and didn’t want to have that hanging over it. Certainly, on past form one might suspect that there have been a few good lessons learned on that score in the past. But it might also be that with the New World (NEW) placing fiasco in mind that the decision was not to get involved at all – keeping away from trouble would be quite understandable. As for the placing announced on Monday, £550,000 at 0.005p is pretty awful – and values the existing shares at just £0.1 million. My comments about the last chance to get out (when the shares sat at 0.0275p – so more than 5 times the placing price) were followed by the company admitting (after-hours, obviously) that there were discussions about a placing at a “substantial discount”. It certainly was. But what really bothers me at the moment is the share price collapse from 0.0275p. As much as I would love to think that the market follows my every word, that is just pie-in-the-sky. My comments about the last chance to get out were published at 1.15pm on Tuesday last week – and let us not forget that the possibility of that placing was announced after-hours that day. Let’s have a look at the share chart (esp from just before 13.30pm on the 15th):