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Why borrow on a very short term basis and risk losing a chunk of our Circum shares just to keep the lights on and then loan money out elsewhere? What do we do when that housekeeping loan money is used up? Offer more chunks of Circum shares as security for more 6 week loans which we can't repay, until all our full Circum holding is gone?
If any of the cheerleaders can offer some insight into the great leaders masterplan I would be most grateful, as otherwise I can't see any logic to it or see any light at the end of the tunnel and am mulling selling up the last remaining 10% of my holding to put it all into Arcm, which has an outside chance of 10-bagging (yes GR sold all our Arcm shares at rock bottom, missing a potential multibagger (IMO))
Well said Jessel.
I'll post as I see fit. Use the filter button if that bothers you.
Actually, after reading some of your earlier history with multiple whingeing, bilious posts a day I think I will be the one to filter you. There's nothing worse than a filthy hypocrite.
I retract the word 'filthy' in that last post as it's below my usual standards of decency..
NaPom, Smiley, Teaboy, Mac, CF73, Xulu, Mal, and a whole host of proven wrong Rampers who have since vanished along with any shareholder value:)
Thanks CB, saved me the bother. Jessell is probably right though, there's no point crying over spilt milk so I won't bother posting here any more. Posting here won't make any difference to the outcome anyway. All I can hope is that I can make up my losses elsewhere.
That's right jess. They dont post here as they have private webinars to attend....
Jeremiah were was RNS confirming our ARCM shares were sold when and for what price etc?
The webinar made complete sense to me... More dilution or PREM goes tits up... So now is not the time to buy!! It's comical, when one of the dangling carrots falls another appears ;-)
There was no RNS reporting the disposition of the ARCM shares. He quietly transacted them. I have a feeling that they were actually PREM and GR, like a bed & ISA. Appear to have been sold, but actually got transferred to GR. Like I always said, he has no plan to let the ARCM shares slip through his greasy fingers. No proper explanation have been given regarding what he did with the money/proceeds. That phrase working capital covers a multitude of sins.
HorseBox1 - from the recent results RNS on 1st July. At the end of section 9) headed 'Investments'
"Premier converted 412 500 Casa shares into 6 128 822 new Arc Minerals shares. As at 31 December 2018 all shares were sold in Arc Minerals (2017:$0,196 million).
(9) Sale of Arc Minerals Shares 2 500 000 @ 0.0315 GBP
(10) Sale of Arc Minerals Shares 500 000 @ 0.03225 GBP
(11) Sale of Arc Minerals Shares 651 456 @ 0.0285 GBP
(12) Sale of Arc Minerals Shares 2 200 000 @ 0.03025 GBP
(13) Sale of Arc Minerals Shares 277 366 @ 0.0301 GBP
Haha 15 hrs playing poker 4,400$ up (just with A pal )most probably more than your entire holding Jessie ;
What’s worse attacking Shareholders who have smelt the coffee ?? or reading this board, an daily trying to police who posts here, while hanging on to any scraps Gr throws out.
Well,It’s been 6 years an ten fold dilution with no shareholder value whatsoever so chile out ,an yes you are right ,the cheerleaders have gone ,it’s just the wounded S/H that cannot except the car crash .
Thanks Jeremiah - I missed that as I searched for ARCM and couldn't see results. Thanks for pointing it out. Just a pity we still didn't have them eh.
So we lost approx 50% on the ACRM shares god help us, every deal, purchase, funding or investment orchestrated by GR has cost us the share holders money the man is just making it up as he goes along. Would he make the same stupid mistakes if it was his own money ?
Lets make a copy and paste post of everything that doesn't make sense.
Massive dilution for a loan to another miner to "build a relationship" when RHA and Zulu have stood idle.
Chippy, it'd be the size of War and Peace.
What bloody use are the AIM authorities?
im all sold up now, just 1,000,000 left.... in the vague hope something happens. Share Cap to be raised or prem de-lists. That is fact as per GR. So now we are well and truly over a barrel. The amount of shares for even £10k raise is obscene. Let alone £1,000,000 dead.
Lloyd, probably a wise choice but glad you kept a token Million so hope we see you back on here at some time in the future (obvious caveat being it may be a very short time before this all unravels so don't leave it too long). Good chats over the last year or so.
Lloyd it may sound that you now have a minimum stake left in here but can you satisfy my curiosity how much did that 1m cost you to buy?
Let’s see if this makes sense. Prem raise from the share cap to lend a million quid to fund the loan, company goes private before maturity of the interest payment payments in a years time and also still private at maturity when the cash gets paid back. Shareholders take the hit for a million and not shareholders get 1.2 million in two years time. Works equally as well with a low ball hostile take over. Sound plausible? Any other variants?
Anyway, shareholders should block the cap raise but then I guess there will be more loans secured against Circum shares. All the time Zulu and RHA sitting idle.
Morning Jessell, what you so tetchy about? For a long time you were one of the good ole boys on team ramp jumping down peoples throats for questioning what was going on so I really don't give a pith whether you like my posting or not. For too long you were part of the problem so don't come on here now with your holier than thou baloney just because you're another one with the smug smile wiped off your face. Look in the mirror and down at Prem HQ if you're down a few quid and hurting because it's sod all to do with me.
**** sake guys, can we stay on topic! Our money is being flushed down the pan!
E666 - most stupid post ever on here and that' saying something. It was the likes of you and all the other shareholders who didn't stand a chance when good ole Napom was around because that's when the opportunity to do something was here. Now run along and look at how much you're down here and throw the crap where it is actually due.