TB: You blanking me on the LHS/grades questions? I think the market will respond a bit more unfavourably to my question than whether I attend an AGM or whether I know my age. I'll do you a favour here. Whoever you seem to think I am... I'm not. Will I tell you why? Because i'm not some old guy pretending to be 35 if thats what you're now alluding too. Just like when samson also said i'm not this that or the other. I don't tell lies, i've no need to tell lies and if I wanted to manipulate anything - which I don't - then you're currently doing a much better job than anyone ever could, by avoiding critical questions.
Samson: You believe what you want as you misconstrue various "facts" in some wierd way to try and paint a picture that i'm some 007 and you know my investments better than me, while saying nothing of your own. I'm guessing you're some old farmer who tells everyone he used to be an engineer who has about 5k invested and is bricking it because after 10 years of nonsense, he might have to own up to the wife that he's lost their retirement funds. If i'm wrong, i'd be about as accurate as you are on me. I've told you before, ask me a question, i'll answer it. It's a shame you can't offer the same courtesy.
On the legal aspect. It's a police matter to pump a price knowing the company is facing insolvency so in theory it wouldn't take much to open a case. Look at the SNP just recently. Not withstanding that, I would simple file for looses incurred as a result of improper practices and in the course or pre-trading pre court information, the firms involved would produce productions for the defence. Witnesses would include firms mentioned. You wouldn't even need to take it to trial because the information released prior would do the job itself. But you crack on with your legal abilities, your 007 abilities, your investing credentials etc etc etc. The master of none.
I think I know my age. Odd that you think you would know it better.
Tell me graham, do you think the company will make it to the next agm? No answer on the grades or lhs then? Silence?
Tyndrum boy. I sold most to avoid a big loss because this company sold the dream at 40p when the price was 50p+ to raise cash that disappeared within less than 30 days whilst having discussions with bankruptcy solicitors. Awkward that.
Might engage with my own solicitor to file a suit as it annoys me they pumped the price artificially knowing the company had fundamental issues that weren't disclosed to shareholders in a timely fashion to manipulate the price. Thanks for the motivation. Lets rip the whole game wide open. Lets find out who knew what, when. Secret e-mails? Lets get the corporate firm that advised them to reveal dates.
Why do people have to do it via e-mail. What's to hide?
No lhs announcements. Perhaps because the grades have went to zero?
So on more important matters.... any updates on LHS from those that visited the mine?
“A shared interest” It’s an investment, not a hobby.
Concerning no one has came on roaring about how great the project is, as yet. I'd of thought, post mine tour/drinks, we might of heard about the great success it is. Or at least about LHS. TB reveal yourself...
….
For me, the biggest doubt is whether the mine team can develop the mine at the same time as LHS it. If they can, they should, in theory, be able to extract sufficient ore to have a go at it. Barring any problems, or which there could be many. I.e snow, machinery issues etc. If they can’t develop the mine as required to continuously lhs then these delays will hit. Plus we are still waiting to see how the grades pan out after the last one went to scrap. A lot yet to prove and a lot of debt to clear. Add in the history of false promises and I think that’s why the price is where it is.
George I don’t think many on here will dispute the attributes of gold. It’s just whether we can extract enough of it in a cost effective manner.
So far that’s proved elusive.
Honestly baz, you’re probably right. some might not believe this, but I wish it would succeed. It’s crap watching it go the way it has. This is like an episode of the emperor has no clothes at times.
"Another held up a sack of empty walnut shells to the board, saying they cost the same as a single Credit Suisse share"
Note to self.... Better bring the 10p mixtures to our AGM.
Here's a plan :)
If NLR owns 62%, you would need a 13% swing in shares to take control. Market cap is 8M. So lend the company a million, convertible to shares. This eases cash flow and takes control. Someone with enough interest, could turn the company around. Theres a guy on here who's very secretive, must have millions already invested who is probably working on that right now. A heavy hitter. Panasonic or something he's called. If its not Panasonic it's some other tv name. Samsung or something ...
I think we know whats happened to it. Long gone.
Even if LHS is a roaring success. It'll be years before we are debt free.
It would make sense that the 3M is gone, or very shortly will be, and that's why they're looking to raise 500k. If it was in the bank, the extra wouldn't be needed. Which one month after it was raised, is a shocker.
If you take the 13 weeks cashflow to be true. Which I think it is as they must be doing some form of cashflow analysis. It would take us to 20th april. Which means, they know they need cash in that window. Cash can only come via three means as far as i've read. A short term loan diluting shares. A 500k Loan from gold processors. Bags of ore sitting at the mine gates combined with LHS ore. 2 of these kick the ball down the road but won't save it. Only LHS results will secure the long term future so these are key.
I think thats probably why LHS has been rushed forward. If the grades or quantity of ore extracted don't match expectations, we will know before 20th april, in theory. The fact there is no clarity is concerning though as i'm assuming this board would of rushed out a positive spin to stop the rot. I won't be fooled by an RNS that claims great grades and LHS has saved us all while they mine the most obvious and best material. 3m Disappeared extremely quickly and there is no guarantee mine development is capable of keeping pace with LHS at a rate that covers costs.
From memory, The leaked emails said the financial controller is doing 13 week rolling cash flow analysis. If they’re needing to raise 500k, I would assume the 3M will be gone by week 13, post the point it was raised.
I think we will get a bit of spin on how “successful” Lhs has been soon. Anything else will be shutters. After that will be the real test. Can they extract enough ore at a good enough grade to survive. It will be less than a 13 week window to find out.
Not as mental as you to think everyone is 007 using fake names and lying to pump a price haha. Hilarious tbh. Better sticking to farming. The only engineer I know who wades threw manure. Perhaps that’s why so much falls out your mouth.
Still no answer to any question Samson? Still no update on your serious investments.
Alas, I deduce you must be full of hot air. All talk, no substance.
I’ll see you at the Agm if it survives that long. No threat. I’ll see you though. Remind me what my name is at the time old chap. If i don’t exist etc etc then you’ll be chatting with a ghost according to your logic.
Not one question answered. Still waiting to hear why I’m all wrong and you are right
Lets hear it samson. Lets get your answers to the following. Tell me i'm wrong. You want all the benefits of a rise but you won't do any of the work. Perhaps if you asked the questions i'm asking, the price wouldn't be in the gutter. It would be a resilient company who were held to account. But you dig out your pom poms and crack on.
1. Has 500k be raised from the gold refiner? What's the terms. When is it repayable.
2. If LHS has commenced, when will we know the grade that's been mined?
3. I see the much anticipated exploration program has now not happened. Will it ever be brought back?
4. Have discussions with the administration solicitors continued? If they have, under what context.
5. Current cash reserves and current costs per month, anyone..?
Hahaha. Sure thing samson. You are so far wrong it's unreal.
1. I'm sure you must know more about my investments than me haha. Yet, you won't reveal a thing about your own. Perhaps because they would show you up more than you do yourself? Lets hear of your big investments in a stock your willing to literally do anything for. Lie, cheat, deceive the list goes on. At least i've got my integrity and I tell the truth, not lie to pump a price for a few cents.
2. I'm not sad nor little. Perhaps i'll see you at the AGM and we can see how little I am. I relish the day.
3. I don't lie. Unlike you who has admitted lying to boost the price because your poor investments have trapped you. By your own words. A confirmed liar.
4. If I buy a loaf, does that make me a beadmaker. To a simpleton I suppose investing in mines must make me and international mine investor. Keep up.
Lastly, in the words of a poor fool.... " I'm not sure who is more insane, the people promising to deliver or those of us who have listened to them and have ended up getting trapped" Samson the great orator/cheerleader.
No answer to any of the serious points I made? It must be you who's the court jester. No substance. Lets here of the answers to my questions. Lets hear of your answers about your own investments and agenda. As usual. Your "drivel" tells us more than you will.
Important footage just released of samson at the mine... https://youtu.be/lCUwRJFGOU0
Perhaps someone can tell us...
1. Has 500k be raised from the gold refiner? What's the terms. When is it repayable.
2. If LHS has commenced, when will we know the grade that's been mined?
3. I see the much anticipated exploration program has now not happened. Will it ever be brought back?
4. Have discussions with the administration solicitors continued? If they have, under what context.
5. Current cash reserves and current costs per month, anyone..?
Simple stuff.
If someone - such as the resident cheerleader samson? - can provide answers to the above?
Samson, I can't advise you of a cure for your Schizophrenic amnesia.... but... I can remind you....
12p, 25 million in debt, needing 500k to avoid administration, mining grades below mine plan, 13 years of misery, criminal acts by the board according to you, the great gold pour, engaging with solicitors over administration.... the list goes on. Perhaps you wouldn't want to remember?
Or should we keep it quiet to boost the price so you can untrap yourself? I might be an international mining investor in your words. But at least it's honest work. Not looking to drip lies to inflate prices in the hope of recouping an upcoming huge loss. Ouch.
I'd hazzard a guess you don't like me hanging around because you want to pump the price to sell out. It's not me who needs the luck. I'd just like to thank you on behalf of fellow investors though for the motivation to continue as is. Much appreciated. I can only hope, with a few hundred more posts on here, I might feel better.