Member Info for Allthatglitters

Hi SM.

Level 2.

As said, no guarantees in this business but that's the first time that Peel have been on the bid for a whole day in weeks. Great to see CFEP there too.

The two MM's that matter (Cantors & Peel Hunt) moved to the bid this morning and have stayed there.

That is exactly what you'd expect to see if they'd caught wind of news coming tomorrow.

No guarantees: just dropping off the info.

Bingo. The index makes no real difference, IMO. Except costing the company substantially more wonga for main market. The sort of funds that have got involved with SOLG will not be involved with IRR at this stage anyway.
Look what ASOS, SOLG, BOOHOO etc did on AIM. Even IRR: from 10p IPO to 48p within 3 years.

The two real things you require to win on AIM are:
Regular communication
Potential

A quality bod, quality assets and small freefloat, which Ironridge have in spades, helps but as UKOG (and plenty others) continue to prove, it's not difficult to make a truckload of money without any of them.

You just can't go seven weeks without news on AIM without being punished in value. Any suggestion of over-promising and under-delivering and you'll get doubly punished. And here we are.

It was Not2Sure who originally raised it though.
What are your thoughts on funding, Earthling?

It was Not2Sure who originally raised it though.
What do you reckon, Earthling?

I'd say that the recent price implosion has put an end to any thought of that, personally.

There should be plenty of cash for the rest of the year. C/o interview with VM in April.
Will need more for next lithium drills and HUGE amount for Chad, both in 2019. IMO.

Just want to commend you on the post, Mike, which puts my feelings more eloquently than I ever could.

When I bought two years ago, people said to expect a 3-5 year investment. Which I was more than happy with. But circumstances change and, for me, it's all about that third year now.
Recently, someone told me they were still investing for a 3-5 year timeframe.
Tomorrow has to come one day.

21.5.

Then 19.

Fair suggestion, L23.

Simply not the case, though. They have the intercepts for the drill. They have the depths. They have the width. And yet they've only released the details of nine holes. Anything would be appreciated at this stage: at least by me.

As someone who bought a large chunk just under placing price, I'd be selling at a fantastic loss. Which I'm not prepared to do. If the company gets its house in order, I'll be happy to STFU/sing their praises.

I fully expect lithium results to be decent. Grades obviously unknown at the time but pegmatite size is excellent.

If the company continually ignore investors, as they have, then there's always the potential that the price will fall off a cliff. It's not quite done so yet, but it's definitely teetering.
Said it many times before, this has been one of the laziest shorts I've seen.

I'm sure his salary must soften the blow.

>$500k per year for the shareholder value that he claims to be creating.

The 'value' of 40% loss, presumably.

I wish I knew, buddy.
I've asked the company but not had a response.

Hi Mike,

Whilst I agree on assays, the company know the depths and intercepts of the drill. They released the first nine holes over 6 weeks ago so I am disappointed they've not released more. We know for certain that 40 holes were drilled by Mid June so I'd imagine all 60 were now complete (or would be imminently).
I don't expect them to announce for the sake of it, but surely it wouldn't do any harm to have released a new batch of depths by now...or a few weeks ago actually.

IMO.

It’s up now (as Bozi alluded to) but only cos Peel have temporarily taken their foot off the ask)
Basically,there’s been a clear short going on and off for weeks (months) so the amount of shares available is much larger than demand. Some days, there’s 100k more ‘sold’ than bought yet it only drops 2-3%.
Nice to see it bounce off 24 though. Even in an entirely unenthusiastic way.
As an aside, it’s my view that the company have yet again forgotten about PI’s.

Just a short innit. IMO. Someone sells bulk to Peel: Peel dump on market. Been happening for weeks.

Key support here at 23.9p though. I'm hoping it holds.

Yep, bang on I think there Mike.
I assume that Tekton though it worth taking shares on the basis that it gives them exposure to the lithium too.
We'll see, though: the lock-in for their shares ends in September I believe. Hopefully they'll hold.

Agreed with that Mike.
Dorothe has been delayed, as confirmed in June interview, due to cost of rig mobilization. Vince wants to explore Kalaka first so that they have another area to drill to justify cost of drill. I think it's also got a lot to do with how much £££ would be needed to drill Dorothe: delaying the drill means delaying the funding (until, one hopes, the SP is at a much higher level).

Fingers crossed buddy. We deserve some good news I think!

I'd like to think that we're nearly there, Mike.
However: The drill was scheduled to start in 2017 (began April 2018)
Ivory Coast assays were due in H1 (nope)
Dorothe drill scheduled for 2018, now 2019.

So, history tells me to buy a large sack of salt whenever a timeline is announced.

Still, first time for everything I suppose.

Passes.
I had another stab at it.
Never understood why there isn’t an edit function.