Member Info for Adobong

Yes, I would agree that NGL now needs to fulfil its potential! It's certainly sitting on a lot of gold - how about a 20p takeover from the Chinese?

We need News - several new contracts would be good... A takeover would be even better!

Can't understand why TRAP is valued so low - I tipped EVO last December and it did OK. TRAP is my new tip - I refuse to discuss the rest of my PF! :( Timing is everything.

Serious losses by big investors? How does issuing more shares help them? We all want our pound of flesh! Let's stick to mining 80,000 ounces of gold per annum @ $300 profit which equates to $24m profit per annum. If the price of gold rockets as I'm expecting it will, NGL will make even more profit. This could be the multi-bagger of all multi-baggers but I'm not holding my breath...

I've received a reply from my broker indicating that transferring the registration of my shares to Australia might be possible and, if it is, would I like to proceed? Not quite the clarification I was asking for! I imagine it's the only way to enable me to trade my shares in the future but I would've preferred a definite answer including the costs involved. As for ARCW's assertion that NGL is about to dilute shareholders by issuing yet more shares - I hope they don't. The reason for the suspension in the first place was supposed to be down to a cashflow problem - surely a short-term loan from major shareholders would solve the problem? And what's happened to the Chinese miner who was supposed to invest in NGL - I'm sure they could buy the company with their petty cash.

Are the rest of NGL's UK shareholders content to give up? We still own shares in the company.

I've written off my investment because it's not worth selling - maybe a miracle will occur? But it's a shame I recommended WAS for my ex-wife's ISA! Hell hath no fury etc.

...if only anyone would buy some! It's up 40% in Canada - I wonder why.

NGL's website (under Investor Relations) mentions a facility for transferring the registration of shareholdings from London to Australia and vice versa so maybe all is not lost. I've emailed my broker to ask for clarification. I'd be interested to know how many UK shareholders will be left high and dry if transferring to the ASX is not possible. Is there scope for compensation for our losses from the AIM Regulator?

Cancellation of an AIM listing is supposed to require the approval of 75% of shareholders but AIM Regulation may use its discretion to waive the requirement for shareholder consent if an AIM company‟s securities will continue to be traded on a comparable dealing facility. Is the ASX a comparable dealing facility? I look forward to clarification of whether AIM shares are tradeable in Australia or are UK shareholders simply wiped out?

I hoped I'd never have to say that! With a 40% spread it won't attract many buyers. Coal's been attracting a bad press lately but I'm convinced modern technology will make it acceptable.

But meerkats discount the future. Everything that everyone knows is in the price already. Buy now and reap your rewards when suddenly the world is a brighter place!

Thought about topping-up (how I hate that phrase!) sub-10p but it would've only reduced my average from 16.2p to 14.7p which is neither here nor there. And I'd end up risking more than I'm comfortable with. Just finished reading a book about Peter Cundill who was a value investor - as far as TRAP is concerned, I can't help thinking he would've broken his own rule about not investing more than 10% in one share! Considering the income from Athena it does appear to be a no-brainer but that's not to say it won't fall further. Grrr!

My sentiments exactly! But TRAP is already 10% of my PF - do I back my judgment and exceed 10% or let the Meerkat take its course without me? I've come unstuck before.

...from an Institution. Hopefully that means the Directors bought cheap! Certainly the SP has risen since. Time will tell but if they can crack China this is a multi-bagger!

...and Platinum too! I rate AQP a BUY in the hope that a Major Player takes them over while they're so vulnerable.

I have no idea what's going on! The spread is ridiculous and I suspect the trust is bust. Much like ALPH except it's rocketed 150% from its recent lows. Despite me and Investors Chronicle deciding the shares were worthless.

I hope AQP are paying their workers fairly! I earn peanuts working for a company who could double my hourly rate and still make a profit on what they charge their customers for my services. The profits on the goods I deliver are in a different league. Capitalism stinks but it's the way of the world. It's a pity the rich don't realise that giving the poor more money actually makes sense.

I've been invested here for a couple of years and am starting to wonder if it's yet another AIM share designed to benefit the Directors more than the Shareholders.

Almost 10% of the shares in issue bought and it goes up 2.5%? I'd've expected a rise of more like 25%!