Member Info for adamk87

Ask yourselves this, who in the current climate would hand over a gold mine?

Also remind yourself a year ago a director bought 250 grands worth at 5p - currently were priced to fail - directors arent currently allowed to buy - first quarter in 2019 was the first profitable one in companys history - coincided with new boards first quarter in charge - problems with mine have been identified - important job positions are currently being filled - many years of mine life left with price of gold increasing - further exploration potential - shares held tightly (majority between 2 billionaire owners) - plenty of institutions invested here sitting and waiting patiently - anymore?

Shinfalls currently hardest part is having the patience to ride the storm, when the time arrives and this rerates - for me its not going to be hard holding until at least 5p range, given how long i’ve waited for it. To think some schmuck (similar to rns chaser earlier who sold at loss 2h later) can buy in the morning of a good rns and make 200% while i’ve waited however long i have to just take the same - nahhhhh aint gonna happen, yes there will be shakes and squeezes but once we have clear sky there will be little turbulence.

Timing of the article imo meant 1 of 2 things

1) Had a lot riding (must be more than my 8m shares) on the restructure taking place, wanted to spread fear which was then relayed back to the management - acting as a kick up the backside for them, as everyones pretty chilled out about it

2) Was hoping for a cheaper entry the morning of the agm - hoping those that fell for his rubbish and jumped ship

I believe it was point 1

I have a good feeling the debt restructuring takes place the month of July.

Always follow the money boys, when you’ve got so many shares in a company tightly held, you stay holding until you know one or more of the larger holders is offloading - then start worrying.

No one is selling, no one will, not at these prices. They all know the catch 22 were all sat at - bottom line is the banks want their money. They arent impatient pi’s who sell out within a few hours of buying. Our top boys will see this through and we will all be wadded so dont despair!

Jamie you’ve met the top boys - only so much they cant say at agm’s but i get the impression you were impressed by them.

Good weekend all

Grab these while they’re cheap. As per yearly update, management is confident the debt restructure will happen, just a case of when and what terms.

Standstill extended - sp talking rubbish as predicted

Likewise, hopefully you do get a buy in opportunity once suspension’s lifted and you make any losses back. Aim’s a rough place on a good day

Your not wrong Canoncan, there is a chance that can happen. I dont believe it will and im not holding current team at fault for mistakes made by previous management.

Going back to my point of mm tactics, couple of buys gone in just now and you can sell quite a few more than 10k at 0.70. Take advantage of the ‘suspension’ and the fear it brings, the company as per rns has secure and long term funding. Wont take a lot for this to get back into the pennies.

Early July is vague? Open ended? Yes maybe until mid July. We take our chances, thanks for the warning though.

Negotiated trades are a common mm tactic to take shares on the cheap, you have the same problem trying to buy any decent volume at these prices and on any rise.

The idea of suspension scares a lot of folk, however reading through the recent (including todays 2) rns releases, its a fantastic entry point for any newcomer. In regards to the suspension board are fully transparent and have provided a time frame of a week or two at most before its lifted. Cant see a downside, plenty of positives to take from the rns.

They are also hiding buys, not sure why.

‘The extent of change has led to a delay in publishing FY18 audited accounts and the Board is working closely with the auditor in order to publish the audited accounts in early July.’ - You may have missed this, a timeframe has been provided. - Also ‘As set out in the preliminary unaudited results released today, following the successful refinancing completed in early 2019, the Company now has long-term, secure funding and the Board is pleased to announce that the Group is trading to management expectations and is profitable at an Adjusted EBITDA* level for the year to date.’ - Now is the time to load up, not sell because you wont be able to trade shares for a week or so.

Lets not forget with 2 big boys offering to buy the debt, they’ve shown the banks a vast amount of their hand (if the banks needed confirmation) - between the 2 of them were talking individuals worth billions of pounds - banks are now playing the same game we were a few months ago (we kept delaying deadlines, knowing the banks dont want the mine hoping they come back with a reduced offer amount - they didnt, why? Because they know what the 2 big boys are worth and know if they hold out long enough, they’d have no choice but to pay). Cat and mouse at its finest - banks probably had someone attend the agm on their behalf (undercover!!)...

Grocer welcome to the board!

Like you guys i dont believe for a second the banks want to take control of the mine, if they did they’ve had ample opportunities to do so. The fact our 2 major sh’s have offered to pay the debt off (albeit a lesser amount) shows negotiations are at an advanced stage. Imo an agreement gets reached before the end of July.

Jamie thanks for the feedback, would you say if the author on SP didnt post yesterdays article, based off what you’ve seen/heard today you’d have been bullish about where we are headed?

Both the senior lenders and mezzanine debt holders accommodated the Group's request, and successive standstill agreements through to 31 May 2019 have been agreed to allow a constructive dialogue to occur. Whilst negotiations with all lenders are ongoing, the Board is confident of achieving a positive result that will provide business continuity, viability and future growth.

Above is extract from yearly update rns.

Board is confident!! Something tells me the author knows something we dont and wants to buy in as cheap as possible, never trust these people. They’re in it to win it, just like us. Dont fall victim to their treacherous ways and give them what they want, a cheaper entry.

Hardly any sells the past few weeks (of any note) - your telling me this random guy knows more than institutional and other investors here that are regularly informed, nahh! He failed in his assumptions months ago and time will prove he has got it wrong again.