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We would all be eating caviar if you hadn't demolished trust and created enemies. Finance would of been easier with trust too.
This is like the Gerald Ratner story all over again. One man destroys a company almost single handed.
TB, the worse shareholder the world has ever seen. What a legacy.
TB do you suffer from paranoia, or trust issues, or some other personality disorder. I hope not but it's not looking great.
Anyway, I can only imagine NLR reading this wishing TB hadn't created the mess he has in 13 years of abuse and lies. I reckon the price would be 50p + without TB's posts. There would have been no leaked solicitor administration RNS for a start. Not to mention the rest.
Like a nuclear bomb. Except, it hasn't left the sub before detonating.
GLA, i'm off for dinner.
TB, I don't know who you mean when you say Simon or Prince. You've called me every iteration under the sun. One day I was that shylock guy, the next a mine worker, the next an ex mine worker, next the guy on twitter, next his mate, next a shorter, next an investor, next an employee of an investor.
Everything but who I actually am. As I said from day one. My name is Andrew, I stay outside Glasgow. I'm 35. I can't and shouldn't have to explain that too you but whilst you constantly fantasise i'm someone else, or someone else is pretending to be someone else, or whatever other iteration your mind comes up with, it's stopping you restarting afresh.
Just disassociate yourself from the share price and do shareholders a favour, or else, wise up. 13 years of this hasn't helped anyone. It's created a lot of disenfranchised people. A smart man can take people with him.
I can only say it so many times. I hope you listen. Time to learn.
No idea what you're on about TB. Probably insulting as per normal or something totally irrelevant to the share price again. Seems to be your way.
Anyway, if you're not here calling decent people a D*mb B*tch, or some other variant. Then please take the SGZ advice, and disassociate yourself from the company. If you want the best answer as to how to improve the price.... vanish.
You're one of the biggest reasons shareholders have no faith in the business.
You're the reason there are so many people out there trying to tarnish the business. You motivated them to act.
You've crafted a terrible reputation. Especially locally. And I would urge you to take time to reflect and come back in the future with a new humble attitude. Before this degrades to anything worse than it has already.
This is good advice. Not just an attack. Go back to the top, re-read. Take a breath. Re-read. Then do something about growing up.
Oh and a few investigations prompted from various authorities
And
A group on twitter who seem to be leaking news right left and centre off the back of his charm. If only he wasn't here, i'm sure they wouldn't be either.
Que now...
"I see old chapman is rattling your cage and like a dumb b---h you jump in .
Get a life , you sad individual , lol"
Tb really has sank to a new low today. BP I apologise on his behalf. He doesn't know any better.
All I really want to add is this...
In all the 13 years TB has been promoting, insulting, lying on this board.. al that has happened is the share price has dropped to 15p and SGZ has asked him to disassociate himself from the company.
At what stage does a smart man change tact? You would think one would learn after a mere 13 years what hasn't worked.
Que a nonsensical reply.
TB, I'm not going to engage with you on trivial terms. You haven't answered my point on the RNS. Just another empty invite. Shown yourself to have an incestuous relationship with the business verging on something that may be under investigation so I will be ceasing contact for now. Others can make their own determinations.
P.S- If i'm not a shareholder at 15p... what does that say for the business.
Also odd, a shareholder is inviting me to make contact with the company using the term "we". Then tries to cover by saying "we" shareholders. When you meant, "we" the company.
How can a simple shareholder invite anyone to the mine? Odd that if they don't have insider insight. Very odd.
Perhaps one day you will learn to keep that big mouth of yours shut TB. Just like SGZ asked you too.
More insults. Not scared of the truth. Don't need private conversations. Happy to openly transparently talk here. No answer, just more invites. Usual.
Roysaint,
I think I have a history of telling the truth actually. Just because it doesn't suit your rose tinted biased perspective, doesn't mean I have twisted it. Infact, I would say it's you who has a history of bending the truth. I asked a strait forward question and you fling an insult. Typical from your lot.
On top of which, if that is true. Then why does it not say as such. It says,
" As announced on 5 April 2023, the Company commenced long hole stoping, along the 115m strike length in the underground mine at its Cononish gold and silver mine ("Cononish"). Long hole stoping is progressing well and for the most part, aside from lower than expected grade, in line with the Company's 2023 mine plan."
I quote.... "Long hole stoping IS PROGRESSING well". It does not say PROGRESSED WELL. It talks in the current tense. It does not say, they reported it was progressing well etc etc etc. It talks about the here and now. Then goes on to say in the next paragraph:
" 1,956 tonnes of ore has been extracted from long hole stope 1 (19m of the 115m strike length) and all processed as of 3 May 2023, with an average grade of 4g/t. This reduction from previously forecast grade is largely due to internal dilution as seen in drone footage, "
Using the term. Has. Past tense. Yet extrapolates poor grades.
So how can it be on track in one paragraph, then off the next.
Poor communication and poor explanation, at best. Illogical and deceiving perhaps. Although, going on past performance, a deceptive RNS seems par for the course with this business.
Full announcement here for those to make up their own mind. Just don't dare pose a QUESTION against the doctrine of SGZ, tb/Roysaint or else you'll be in for some insults.
https://www.investegate.co.uk/announcement/7526053
In the same RNS that says what TB has quoted saying:
"Long hole stoping continues along the 115m strike length in line with the stope mine design and forecast grades."
It also says this. (The key part i've put in capitals):
"As announced on 5 April 2023, the Company commenced long hole stoping, along the 115m strike length in the underground mine at its Cononish gold and silver mine ("Cononish"). Long hole stoping is progressing well and FOR THE MOST PART, ASIDE FROM LOWER THAN EXPECTED GRADE, in line with the Company's 2023 mine plan."
I don't understand how they can say stoping is in line with forecast grades and the mine plan, then in the exact same RNS, also say grades were lower than expected. Either i'm missing something or theres a lack of care over whats being communicated as we know grades were poor?
Unless they knew they would be poor and didn't wish to inform us?
Thank goodness. Loads of gold tomorrow folks
Blakeney.... remember, they consulted solicitors and said "dependent on grades".
Wonder why
With Q1 results due soon, it's almost inevitable they will show another loss. Why else would we have had constant raises. More bad news expected IMHO.
The main question will be, will the business be deemed as viable? If not....
BP, Lot of big sells recently too. Makes you wonder whats due in Q1 results/accounts...
Duncan,
One person buying a small stake, doesn't scream success to me. Speculation perhaps. I've seen loads of good businesses and wealthy people fling some money into projects rather than pay it in tax. There could be many more reasons to their investment than we may realise.
I've also heard as many good news stories at every director buy. And every director has lost money and been wrong so far. Same old story. Buy because someone else has.
Except, with every bad business, someone who thought they knew different, has to loose money.
Buy's, by anyone, count for nothing now. Results are the only things that count. Still waiting for any that are good.
I get that you're invested and probably want to promote the positives, but let's be realistic.
Duncan,
So the people who invested at 120p and 40p were aware of everything and bought in at that price? I don't think so.
Hence the reason the price collapsed. They weren't aware of everything as you say. Some of it was revealed in an RNS after a leak. One of many. Total nonsense to even claim as much.
Please do provide us all with this knowledge everyone is aware of that I'm "guessing" at though. I'd be delighted to be reliably informed about the future direction of the mine in terms of output, costs, grades. That would be excellent?
I'd even settle for knowing the cash position at close of business today instead of guess such things? Please enlighten me.
And, the reason the directors haven't sold out, is because they bought in at between 60p and 75p more recently. With the current price being 16.50p. You'll more than likely find, it's not a vote of confidence, more a scream of despair.
None the less. I will bow to you're incredible knowledge whilst I can only guess.
Fuel/labour costs can't be cut or output would drop I would imagine.
I did say, if they restructure with a lower cost base and mine slower, it may pay off for a few over a longer term. But this would cost so many so much in lost money and is dependent on so many variables over grades, cut off points, longevity of the mine etc. May yet happen.
Ultimately. Everyone needs more now than promises. We all said as much weeks ago. Since then it's been poor outputs on poor grades.
The only way forward is either grades improve, outputs improves and costs get cut.
Even then, can it be maintained?
So many problems. This enterprises biggest problem was, it believed it's own hype over the billions in the ground and set up accordingly. Big cost base, high debt, in relation to what's been taken out so far.
If we could go back in time, set up a smaller operation, lower debt, lower cost base and base it on always extracting 3.5g/t instead of 15g/t+ then we could happily mine away in profit for years to come.
It may not have made us all billionaires, but it would have been honest and successful and enjoyable. With a rare commodity, called profit.
Simple maths based on income and outgoings… not very long. Hence the constant dilutions and raises in the hope things will improve.
Will they change?
What will the change be?
What grade would be required to make a profit that is sustainable based on current costs?
All outstanding questions with over a thousand other variables thrown in.
I do recall many times being told things will be better tomorrow and they never have been.
For example, those who hung their hats on big Phil with phrases such as “in Phil I trust” etc.
Fast forward a short time and he’s never out of Switzerland, lhs hasn’t saved us and now rumours he’s due to be replaced by someone else.
Jam tomorrow?
R
Not an accountant.
Very close to the cut off with current grades which is worrying.
Have a good weekend