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Lol You not related to magic are you? :-) Mkt cap 5m, very very cheap...
My post was in reply to your good Samaritan one. Nomads! Lol. Definitely wet behind the ears!
Joebop Let's give it till the end of week for the nomad to look through the paperwork.. That's only if they have paid..
I can only assume you're a bit wet behind the ears with statements like that maestro
No rns said they intend to pay by end of Jan, they don't have to pay have option to extend up-to 8 months as per terms.. Rrr have turned corner, directors are confident of progress this year...
But its meant to be paid tomorrow for 21% isn't it ??
Coffeecup Not certain of being paid they may extend it or they may pay in couple of days. We just don't know yet...
Is he a good Samaritan, nobody works for free, this is a capitalist country.. All I is saying at 5m mkt cap there is value here, if they were to wind up the company now shareholders would get in excess of 3p a share. What's happened in the past has happened, look to the future..
So what time are we betting for the Steelmin loan repayment RNS in the morning ???
Seeing as you keep returning to play the man and not debating any of magics points, it is fair to say that magic is here to provide a bit of balance to the shameless and false ramps. And a great source of information he is too. A welcome addition to any bulletin board by any serious investor. I find it hilarious that he gets under traders skins so much. Relax folks, you've got a while to flip warrants yet. If bell and the company are so solid, magics mumblings mayn't matter much.. Here, hold the baby.
Magic I have a interest here this is why I post here everyday, you just post on boards which Bell has a interest in just to talk negative. You held stock ages ago and lost money, it happens this is aim, you are not the only victim almost all investors in aim have lost money. I understand you are frustrated you lost money here, I would probably deramp this stock for awhile too but to do so continuously for years you must have a agenda...
Either way you want it I agree, my previous comments stand at this price its worth a punt.....
"it looks like a mix of bad market conditions and some desperation deals to try and hold it together " No it was dilution after dilution after dilution with a bit more dilution thrown in for good measure, to raise �millions much of which is/was expended on Admin and expenses rather than money "going into the ground" and much of it wasted on failed projects. Joebop is right imo when he calls it a gravy train. The SP was decimated so badly that it reached the nominal share value which back then was 0.1p. Under UK law you can't continue to issue shares at prices below the nominal share value. A major problem for a company that operates via dilution. So the BOD lowered the nominal share price to 0.01p (23rd Dec 2014), thus reseting the clock and off they went again, rinse repeat, dilution dilution dilution. Wihin 12 months yes, just 12 months the SP had been decimated again and was now close to the new nominal price of 0.01p and so this time a share consolidation was performed. 21st Dec 2015, a 25 to 1 consolidation. Clock reset again. And so it goes on. Endless confetti in whatever guise, placings, CLNs, warrants, Teather's AP raisings and so on. We move from one prospective project to the next, which allows the markets to speculate wildly which in turn I have no doubt helps to get the confetti away. Lots of fat fingers in lots of pies and none of them ever seem to end up as a truly successful venture that produces good recurring revenues. Steelmin is for me just the latest in this long line of pies. This "back to back" financing, which people thought was a simple money in money out balanced equation, has already resulted in 3 rounds of CLNs with warrants and a further placing has been done on top. Will those shares/CLNs be cancelled/bought back if/when Steelmin repay their loan to RRR? Hmmmm I have no doubts that later in the year the Steelmin project will be "old news" just as Shoats Creek is now "old news" and seldom mentioned now by the unscrupulous rampers who massively hyped it in the beginning until the poor performance figures came out. There will always imo be a "new kid on the block" project appearing to tickle the fish and get the market speculation going again and there will always be confetti imo. It's been described numerous times by numerous posters here as nothing but a lifestyle company. I have a lot of sympathy with such views. DYOR as always.
It wasn't taken down hard. It was driven headfirst into a wall. Taken down hard implies it was a short attack and there was nothing the bod could have done. This was a car crash orchestrated by bell.
There are plenty of BOD's that don't bother even doing that though .... I think he can see it is on the cusp ... lets be honest its been taken down hard, the lths have been butt XXXXed so I don't blame you lot for moaning about it, but, as an outsider it looks like a mix of bad market conditions and some desperation deals to try and hold it together that led to the sp dwindling, they didn't come off as planned but the market for commodities is turning, slowing like a super tanker turning around... It is not impossible that this can be successful....
What do you make of his timing of the purchases?? Right before the agm, after an activist investor comes on board and more confetti is issued. That to me, smacks of buying the minimum to keep your gravy train chugging along. All resolutions passed. Business as usual. Coincidence perhaps?
Robins... cant disagree with any of that ..like a lot of aim junior miners in recent years this has been battered and compounded by BOD's errors in deal chasing.....sometimes you've just got to sit on your hands..... i'm only looking at where he has put his own money along with his fellow Director and what they paid per share, I've just followed on that..... I think it will be profitable from these levels. Very few BOD's on AIM that I would trust and or respect ... best i've seen to date and invested in BMN .... very undervalued stock imo.
Coffeecups my problem here is I would question ABs integrity. He made many statements around the Greenland deal and indeed the El Limon sale that were questionable. He once told me he had reduced his salary in order to help with things but then I found out the following year he had merely delayed taking his full salary but claimed it in full the following year. Smoke and mirror job in my opinion. I thought he was genuinely taking a pay cut.
@maestro Why do you post daily if you are confident here? Sound bite after sound bite with cherry picked info and only a completely rose tinted view of all the possible outcomes. Doesn't show any confidence at all on your part. Suggests more that you are desperate for others to support your investment decision.
0.9595
Robins ... defiantly not disputing ab's prev failures ... I'm new in here so bought at 9.595... from my viewpoint this has an acceptable risk attached to it.... not gloating as have made mistakes on aim before....so have felt the pain .... at this level this is a recovery opportunity ... let's see if Bell has learned his lessons. ..
Why do you post daily if you have no interest here?
The tell tale personal jibes Maestro, poor show. Boiler room 101 tactics though. If the SP looks attractive then where are all your buys? Not seeing any TR1 Holdings RNSs from you . . . .
You have been posting for years on this, u have personal vendetta against bell, sp is low and looks very attractive to buy. Bell recently bought in .6p and .8p, next two months very busy on news front...
I wish I had listened to Mr Magic all those years ago and I wouldn't have lost my money. No one can dispute all the failed ventures by AB.