Member Info for 1eyedman

I would probably say cautious rather than miffed. This is actually sort of the reverse of hiding bad news until the big guys ditch shares, like this could be a money spinner and there’s a bit of a nudge nudge wink wink going on. Not that such things could happen obviously, only in my imagination.

I know of Greatland not invested but good luck with it. I was once invested in SHG which I think was Shanta gold.Things were going great,gold flowing even a dividend. Unfortunately the original owners liked things so much they bought a majority shareholding and then bought the company back into private ownership . After soaking the small shareholders for numerous platings to fund the mine of course. So that’s why I come across as a little cynical I guess!. I did make a couple of quid though to be fair.

I see all companies as take it or leave it investment wise. At the moment I choose to invest in AMRQ on the basis that the odds of making a few quid look reasonable. However this doesn’t blind me to the fact that if things go wrong it’s normally the small share holders that get stiffed. The first they normally know of a big problem is huge institutional selling that tanks the sp before small investors get any info. So when I get a bit of a whiff of the favouritism that big buyers inevitably get it bothers me slightly. Hopefully AMRQ will proceed with plans for a ‘proper’ listing instead of being on the Wild West of AIM. It would certainly improve their credibility. Cheers!

I guess an extra 45m to spend without damaging the current share price is (overall) a good thing. However I can't completely overlook the fact that my small stake in the company has been diluted by the extra shares. Its encouraging to see the institutional interest but had they bought this latest stake in the market with the rest of us 'ordinary' share holders they would have needed to pay more and we would have a higher share price. I guess if the company ever runs short of funds and the institutional investors lose interest we mere mortals get offered a rights issue. There are a lot of positives here but we really need that revenue stream soon.

Excitement over it would seem. Maybe just some rogue trades?. Very odd.

Uncharted territory for me. Normally my AIM shares are suspended from trading because they have dropped 80% and the **** has hit the fan. Interesting.

Thank you for the link Culpepper. It all seems pretty positive stuff. However the share price movement seems to be showing that there is disappointment being shown about some aspect of the current state of affairs. If we look at the lower estimate for the year of 5k oz I believe this is about £12m at a price of £2400 an oz. Whilst superficially this seems like a lot when you consider the cost of mining/extraction and also expenses going forward its not huge. So I guess we hope for the higher end of the range and a lot more in 2026. If the 300t/day target is reached then at 20g/t that should give 6000g or 211 oz gold.

So 211g gold is worth £500k per day. Please let me know if there is some huge error in my thinking but that's my broad brush thinking based on pretty conservative grades. I think the current problem with share price is the uncertainty (large range) of the 2025 production and the concerns about reaching the 300t.

I get that there are loan facilities but credit isn't free. Not for one second do I think this is happening here (or will happen) but creditors are not so great if the cash is burnt through and they turn off the credit taps and become first in line for an equity stake or assets. Plus on AIM things are sometimes not quite all they seem speaking from bitter experience. However I wouldn't be posting here as a shareholder if I didn't believe in the company and the management. I sold my stake once having made a little profit but liked the look of things so much that I bought back in. Although that's not looking like the best decision at the moment I remain optimistic. Oh and thanks Culpepper and others for the regular links you supply.

I don’t see any terrible news in the RNS but any further delays are obviously a setback. At the rate of cash burn though I can’t help feeling a further fund raise in some form might be coming. Wouldn’t be the end of the world but the possibility probably isn’t helping the share price.

ScarletVixen. Obviously you will do your own research but I believe that Nalunaq was mined from about 2004 until maybe 2013 and produced a lot of gold. I can't vouch for the accuracy but 350 000 oz (total) seems to get mentioned a lot. The only question for me is, is the mine tapped out or have the more recent drilling programs shown there is plenty more to be had. Obviously as I've bought the shares I have faith in the ability of the company to produce gold from this mine and in time other resources from its other potential assets. All before running out of money (as usual!) but it is currently well funded. Hopefully! DYOR etc.

Breadvan. Well lets hope so. There's always a bit of doublespeak in such statements though. Profitability might be a couple of quid a year in the black taken in its literal interpretation. In which case a raise is still possible/likely although such a call would be better received generally if there was positive cash flow. Hopefully!.

The RNS going concern statement doesn’t sugar coat the situation which is pretty refreshing. In my opinion (for what little it’s worth) there will be another raise looking for around 20m. Normal behaviour would be to wait for some good news to bump up the sp first. Or if the share price starts to decline bring the raise forward while it’s still worth something!.

Negative thoughts?. I only ever have positive thoughts until I lose money:). But joking aside I agree, a director stumping up that kind of cash must be feeling very positive about the prospects. No pun intended.

@Culpepper. "As a punt on a miner, doesn’t seem a bad one."

Agreed that's why I have a few shares. Did buy in the mistaken belief their probably would not be a placing (for a good while at least) but here we are. My error of judgement.

@PaulFG. I would not call that cynical but even if it was its pretty much impossible to be too cynical with AIM. It seems that a company (especially a mining company) is never 'fully funded', there is always the possibility for a bit more money to be spent 'optimizing projects'. The reception to all this seems pretty favorable so I guess there is a lot of faith in the company from larger investors. Being something of a cynic myself I still see this as something of a dilution although not presently a damaging one!.

Obviously i refer to the race to profitability before running out of cash. i can see how the initial response might be a little underwhelming (shares down around 5% at this time). Although there are improvements in sales and revenue they are not exactly breathtaking and despite a 10% reduction in costs they are still pretty high as is the subsequent loss. The tax credit hit of (was it 2m?) is a further blow although obviously outside the companies control. The not very well disguised elephant in the room of another placing before profitability will continue to weigh as nothing in the RNS reassures against this (or more specifically does not reassure me).

This is so close as the technology obviously works and is being successfully adopted. On a very personal level (DYOR) I see no particular reason to bail out of my small speculative holding at the moment.

Sorry error on my part. 2025 should have read 2024. Typo

Early launch of the UltraSlim in the EU has to be good news. 2025 is not so far away now. Lets hope the cost of the launch, training and familiarisation is not too onerous. Still the launch should eventually translate to sales, income and eventually profit. Hopefully!!. Fairly muted response share price wise and some of the larger 'unknown trades' could well be sells but that's a guess to be honest.

Yep. Realistically the improvement in sales is encouraging but certainly not explosive. Getting more users is clearly critical but if achieved will be reflected in significant increases in consumable sales. I'm idly wondering without having a clue to the answer whether the ability to supply the consumables might be an issue if the products really take off. Personally, overall I'm quite encouraged if for no other reason than there have been no real negatives in the medical outcomes. Quite the opposite so far. ALL IMHO obviously!.

It will be interesting to see tomorrows opening. Delayed ‘unknown trades’ can be a bit misleading.