Member Info for ajs8220

The Annual Report 2013 stated that "[the work programme] is aimed at achieving the target of gold production ramping up during 2016/17..."

Not just commencing. RAMPING UP!!!

"Ever get the feeling you've been cheated? Good night." - Johnny Rotten

May I be the first to come out with this week's "wouldn't want to be out of this over the weekend!" billhooks.

Reckon the last clown to post that is probably about 50% down by now.

Posts saying I'm lying by reminding everyone he sold down his holding.

Then posts actual evidence of him selling down his holding.

You couldn't make it up.

Your weekly reminder - an early one this week - that by his own admission, The_Bishop sold down his holding while berating others for being bearish.

Tells you all you need to know. Don't trust a word he says.

Yeah, "look what we've got now that we didn't have then..."

5 BILLION shares in issue being another obvious difference.

"Ever get the feeling you've been cheated? Good night." - Johnny Rotten

From the Annual Report 2013 : "This work programme is aimed at achieving the target of gold production ramping up during 2016/17..."

Not just commencing. RAMPING UP!!!

"Ever get the feeling you've been cheated? Good night." - Johnny Rotten

The issue is not that they will say 'no'.

The issue is that after all this time, and despite all Harry's assertions, there is clearly something stopping them saying 'yes'.

And that, as I've said, is fundamentally either serviceability or security. I think it's the latter. They think it's equity risk, not debt risk. Hence in simple terms he doesn't need a syndicate of banks, he needs a syndicate of equity investors.

That is very bad news for anyone currently holding the equity for obvious reasons.

Such is the way of bankers in syndicates. They don't say 'no', they just find never ending ways not to say 'yes'.

Fundamentally, there are only two things they are concerned about

- serviceability, the borrower's ability to repay the debt

- security, how they recover the amount outstanding if it all goes wrong

I'm guessing they have more issues with the latter than the former. They don't take equity risk for debt returns.

They will continue to find ways not to sign off on it until forced finally to put an immovable block in the road, something you can do nothing about, such as "we're already overweight Africa / minerals / USD commodity exposure so have decided recently that it is no longer for us".

This has had "slow no" written all over it for months.

Is this some sort of

Performance poetry

You're writing?

"Not a question of whether kefi will have a mine but how many" says the bloke who will post any old guff from his google news alerts in a desperate attempt to support the value of his ever decreasing 'investment'.

From the Annual Report 2013 : "This work programme is aimed at achieving the target of gold production ramping up during 2016/17..."

Not just commencing. RAMPING UP!!!

"Ever get the feeling you've been cheated? Good night." - Johnny Rotten

Gold could go to $3,000/oz. $10,000/oz, wherever.

Makes no difference to the fundamentals here because the company is not within years of producing its first lovin' spoonful of gold (or copper).

You're not investing in a geared gold play if your company has never had a mine.

Reminder that Mike Bishop sold the majority of his holding while berating others for being bearish. Also wants us to believe he made back his losses elsewhere very quickly, and when challenged resorts to petty insults and name-calling.

Quite a piece of work.

So Mike The Bishop was berating anyone negative here while simultaneously selling most of his holding.

Tells you all you need to know.

What a c**t.

I'm not going to be taking life lessons from anyone foolish enough to be holding this junk, pal.

My purpose here, consistently stated, is to provide some factual balance for all the positive multi-bagging ra-ra so the next mark doesn't get pulled into Harry's £80m (sorry manu17) game of Three Card Monte.

Filter me if you like, others have, but I ain't going nowhere.

WGAS indeed.

On timelines, Harry and the management team certainly don't. They keep copping the conkers whether this takes another 5 days or 5 years.

"Halfway through the placing churn"... "strong support around 0.50p"... yada yada. That which can be asserted without evidence can be dismissed without evidence.

The fact is that nobody has any idea how many desperate sellers, or mugs, sorry, ahem willing buyers there are at any particular price point. But I know what is obvious from the trades - any buying strength has been trampled with sells at all points downward since the latest placing. As soon as the mugs dry up, she goes down like the Titanic.

Similar with the gold price. It could get to $10k / Au troy and it wouldn't matter a jot. Because, as I keep pointing out, Harry and the gang have not produced a single lovin' spoonful of gold (or copper), ever. And I contend that they never will.

After SIXTEEN (count 'em) years, and having sent £50m to money heaven, this is still a pre-revenue business. And a lifestyle one at that.

Holders continue to get what they deserve.

If that is Winnifrith, I'm sure he was saying 4p by Christmas this time last year, and the year before that, and...

Whatever valuation you put on this has to be discounted by 100% for the fact that the management team have never delivered on any milestones or timelines, ever.

Four (count 'em) 'not the RNS we wanted' RNS's in ONE WEEK tells you all you need to know about desperation and increasing frequencies.

Long on milestones, short on dates.

Long on talk, short on action.

The three card Monte continues - now with an additional expert throwing the cards. Another mouth for the racket to feed.

They're a tetchy lot, Harry's Disciples.

And yes, I think he is down to about twelve.

Saudi is indeed "awash with money". Kinda makes you wonder why, if these are such highly prized assets that will make you all rich beyond avarice, little "all talk, no action" grifters like Harry get a look in.

Because the bad apples need to be called out and thrown out. Orderly markets require it.

But you've already bought in, so the grift goes on with you just another stupid mark lured into the bunco booth by Harry, Robjm, Mike The Bishop and the rest of the in-and-ins.