Member Info for adamk87

Author is spitting out waffle again, just as he did his last article some months ago. Latest we can expect an agreement is end of July imo, any weak holders tomorrow will present us hopefully with another free hit.

The journey starts with a decent restructuring agreement, one will arrive soon. When it does i hope all invested long term stay to reap the rewards.

I dont agree its a gamble at current prices, without the deal our market cap and sp should be higher than what it is. At these prices the deal with SR getting completed is a free hit, if it falls through how far realistically can the mm’s knock the sp - if they did, those invested would be given another free hit, within a few months the sp will reflect fair value without SR which would see a SP higher than what it is now. A case of picking a strategy and sticking to it, those looking for a quick turnaround will sell with good/bad news and be gone, either way they will present a buying opportunity for those looking to invest medium/long term. That said, i dont see the deal falling through. Not with the commitments made up front, SR have had months to pull out of the deal if they wanted to. Instead it feels like a game or cat and mouse is being played, imo were one sticking point from resolving the issue and getting the deal done. I’ve no idea what the sticking point is. Have a few ideas what it may be, but irrelevant at this point. Just a case of waiting on news now. Gla

· Key maintenance programmes have yet to commence due to working capital constraints, however, orders have been placed to begin mobile equipment rebuilds in Q2 2019. Factor this statement from Q1 quarterly results into account when guesstimating Q2 figures. - In addition to low gold recoveries highlighted above, maintenance issues were the key influence on production throughputs with more than two weeks lost due to ruptures in the tailings pipeline and low water availability. A sixth of Q1 was lost due to the above issues. Q1 was DB and his teams first quarter in charge of operations. Encouragingly they identified issues and are looking at getting them resolved. Im hoping with Q2 results maintenance issues are resolved, regardless of the amount of gold recovered. The longer the mine has these issues the less productive our recoveries and operations are. DB and the team feel the same and have clearly made it a priority for this quarter. If he can increase the gold recovery % by ironing out certain issues well then, this time next year rodney. I believe the fact issues which were previously unknown/ignored by the old board have been bought to our attention transparently and current team are actively looking for solutions is brilliant for us lth here. Im sitting tight with my stash for as long as it takes for fair value to arrive. Much rather show patience here than step on landmines that is the aim market currently. Gla

Spike you bash the stock only to then ‘buy in’ days later at 0.077 at its highest point in the week. You then average down (according to your posting history) a little to bring your average down to 0.061 while continuing with your pessimism. Its a frequent pattern it seems with other stocks you’ve ‘invested’ in too. Genuine question here, what is your logic behind this? Personally i dont believe your invested here and you have an agenda to spread fear.

No need to feel sorry for lth - aim is a cesspit at minute, more than happy holding my money here knowing its going to come good in due course than risk playing the lottery as is case with vast majority of aim. Those that have been here years have ample opportunity to average down and my guess is they have been! Baffles me how cheap these are, will keep adding on dips and ready the pension pot. Gla

Previously delays were caused by red tape. Once the commitment was made from SR to send ‘x’ amount of equipment over to Bagr at no cost it was a giveaway. The deal with SR hasnt been priced in yet to mc. The market however does indicate its going to happen given price action and NT on very little volume as it climbs. Imo its a no brainer. Once confirmation arrives it wont be long before contracts follow and thats where true value will reflect in sp.

‘’All regulatory hurdles related to the deal have now been passed and all other conditions have been completed, all that Bagir is waiting for now is for Shandong Ruyi to make the final payment following that the deal will be closed, the deadline for completion is the 30th of May so the deal is expected to close imminently.‘’ ‘’Shandong Ruyi has been on an acquisition spree of late as it looks to transform itself from a textile manufacture into a global provider of affordable luxury, the opportunity is there for Bagir to become a key supplier to many of Shandong Ruy’s purchased brands.’’ ‘’Even at 3.5p Bagir still looks significantly undervalued, if as widely expected contracts start to flow through from Shandong Ruyi’s partner companies I would expect the share price to re-rate significantly and they could certainly be headed back towards the pre Marks & Spencer loss prices.‘’ Abstracts from investor dot come site as a reminder, red tape completed.

Agreed, news is coming. DB will see us through the storm that im certain of. Excited to see how it all unfolds. Sometimes its a case of sitting and waiting, price action doesnt always reflect asset or reality on aim. I’ve been in another stock since mid 2018 and Jan/Feb this year it hit all time lows, nothing other than pi’s selling through lack of patience and sentiment drove the price. Like MTL at them lows it felt like hardly anyone wanted in for whatever reason. I took the opportunity to load up heavy because fundamentally the company was sound, now a few months later with the sp more than trebling and plenty of buyers around it seems like a lifetime ago the price was at them lows (and ofc with hindsight i wish i’d gone in even deeper). For me its a very similar story here, with time this will come good. Yes theres risk attached to the share but imo all aim shares carry some risk, its up to us as investors to research, weigh up the risk v reward and invest accordingly. I’ve done this and thanks to likeminded folk on this bb and outside of it im super confident with time we’l be worth multiples of current share price. Sp was at 1.6p a couple months back, we’re in a better position now than we were then, why that isnt reflected in the sp is anyones guess. Once we get refinancing out the way in the next week, insider information will no longer be relevant, you can be sure the directors buying in at 5p+ will look to add to their holdings at current prices. The terms of the agreement will be key to attracting fresh investment here and those in at current lows will kick themselves for not adding more (me included) imo. As always, Gla.

Definitely possible Shinfalls, most in at this point know (or should know) its a case of being patient, having a strategy and sticking to it. At current levels its a steal getting in, over the coming months (maybe much sooner ie with refinancing this month) true value will arrive. We’ve been on repeat the last few months with regards to bull/bear case, its a case of sitting back and watching the story unfold now. Gla

Added 300k to collection. Thank you mm’s

Looks like shares were moved into an isa with 1 of the trades yesterday, probably both.

The ask has hardly moved past few weeks, spread showing @ over 30% but offer more than 70 on bid at the minute, i tried a dummy sell for 5 mill shares earlier and they’d take them all above .70 which tells me mm’s are playing around with bid hoping to collect shares. Personally i would love the spread to shorten, so i can fill this years isa allowance / either by bringing ask down or increasing bid, either way i couldnt care so long as they did it. For those holding, including you XTR i defo would not risk selling at these prices for a potential 10% gain, if your looking to add then fair enough but personally if its 0.55,0.60,0.70 or anything under 1p load up if you believe this will come good cause if it does and an agreement is reached you can be certain of a 100% intraday rise as we’ve had many of times in the past. Grossly undervalued, a waiting game now but this will come good. Very good. I’l be adding again tomorrow and keep adding what i can.

Hey Pharma, since the updated register there was a week or two of what looked like Ruffer selling (similar pattern of sells to when they initially started offloading - which would have resulted in them offloading between 20-30m, so still a way to go). On a separate note, bid is deceiving as offered much more to sell - ask remains about the same as it has for weeks. Now with a set date to work towards in terms of agreement i only see this moving north in the short term in anticipation of that. Take your positions and hold. Gla

Agreed, timescales are 24-36 months for dividends and before the years out for 5p with a little luck (seems luck and sentiment is much more important than fundamentals these days on aim). Recent trades suggest institutional investors and lth are content with how things are playing out, and so we should be. It never was a quick fix (debt restructuring and nameplate production) and things are progressing nicely with regular updates, and a very promising update to company website in regards to shareholders and value. Personally i think we should take the extension to allow us the longest amount of time to get the best agreement re debt, with no update today though it may be a case of one being reached. We’l find out tomorrow either way, i trust the team and their competence, i like what DB’s done since he arrived and i have full faith in him to deliver on the recent points made on the company website. The sp will fluctuate until an agreements been reached, im more than happy to add on dips as the end game here will be the mother of all turnarounds.

Ha of course, write down an exit strategy and stick to it. Im slicing (taking all my initial stake out) at 5p (achievable towards end of the year) and collecting dividends off the rest. Added 500k today (now 9mill holding). Will keep adding under a penny with what i can afford.

Its crazy to think where the sp is right now, its exactly where it was in December. Back then we were CEO’less, imminent threat of default and had a seller dump a large amount of shares at 0.20 range which caused the SP to drop down to 0.75 range. Since then, we’ve appointed an experienced ceo in DB who’s made wholesale changes at board level resulting in a more competent workforce, identified issues with the mine which were previously missed and are working towards finding a long term fix for these, we’ve got rid of dead weight (costly dead weight at that) resulting in savings, we’ve generated a positive cash flow in the most recent quarterly update for the first time, appointed a new nomad and finally negotiations with the banks have been ongoing (i take confidence in the fact they agreed to a standstill for reasons mentioned previously). Theres probably plenty of other important developments i’ve missed too. The SP will catch up with us when it wants, i dont blame TDaves for wanting to sit on the sidelines for now or those that have traded the share (with hindsight i wish i did too!) because the sp isnt a true reflection of developments, i mean the last quarter turnover is as much as out current market cap. All i am certain of is in time, the sp will reflect the true valuation here and we’re worth 5x current market cap with where we are and will be worth more over the next 6-12 months. So those with different strategies will all benefit eventually, so long as your in at some point. Im holding and holding long. Gla

In the past, we’ve always been notified of an extension on or just before the deadline (been a few of them). The fact we’ve not heard anything thus far has me thinking maybe an agreement has been reached. We’l know tomorrow, short term would be nice to see blue but not the be all and end all, medium to long term this is going to do seriously well for us all imo. Gla

Its been good news after good news for a while now, mm’s holding this down as long as possible for whatever reason but we will have our day in the sunshine, im 110% certain of that.

We’l have our days ahead gents, yo yo share price has been frustrating for us all. Stay strong as risk v reward here makes this a no brainer at current sp, gla