Member Info for Andrew1987

Slacker it probably will never hit zero. What is most likely is the company doesn’t have enough coming in to meet its outgoings and because they can’t legally trade like this, they would call in administrators to access the business. At this stage, the share price would be frozen and all trades frozen. So it could freeze at say 12p and it may never trade again. At that stage there is many variables. The most likely being you would be offered 2p per share if lucky, depending on the value of the assets and the debtors. As this company owes millions, you’d probably get nothing and your shares would be liquidated after a long drawn out process

The equivalent would be saying, why didn’t we watch our investments. Granted it’s a bigger scale but sometimes in business the tide just doesn’t go your way and you have to watch it powerless. I think that’s probably been the case here. The price has dropped with hope of recovery and it’s not happened so they’re in like the other shareholders are in it.

On the future, I think if there was anything meaningful to be done, it would have been done by now. By all accounts they are probably hitting the most favourable ground due to the cash position and even then, the 8gt isn’t startling and only from a localised area. Will it extrapolate to other areas? Not as yet. Will they be professional enough to get it out, on time and on budget with no money left for mistakes? If I was a betting man I’d say no. I think a restructure is simple economics now and almost inevitable. How that will affect the shares, dilution, cancellation etc, is anyone’s guess.

What I do think we all can agree on, it’s not the billionaires to the moon gold heap we all wanted. Even tb has stopped saying it’s coming tomorrow. And he would tell you John Lennon is riding Shergar down the mine track so put a spin on it, so you know it’s a bad day when he’s in hiding. Reveal yourself.

Only Duncan would think 8k cash balance with 100 staff and no subsequent update wouldn’t be relevant.

Do you think they just forgot to mention it? Or is there no cash left?

Just crossed my mind. When the previous RNS put the cash position at 8k. Would it not be prudent to include the current cash position in the latest RNS. The fact is has been omitted tells it's own story. What BOD can omit it when the cash position previously was so perilous. Surely it would be a minimum expected to be updated that things have improved or are worse? I'm sure there was someone on here purporting to represent the company. Surely they can update us as to the cash position of the business considering the dangerous level it was left to drop too before. Answers on a postcard.

Blakeney he’s a delusional fantasist. Makes up wee stories in his head and we get the brunt of it.

Some reasonable points but a bit like stating the obvious Happy.

You'll realise that some (tb) don't want articulate debates. They want it to degenerate to a school playground because they can't substantiate their points in factual debate. They aim to cloudy the waters. Hard to fight in the trenches without getting muddy

Confirmed, no shares. At 14.5p it's overpriced based on income, dailly losses, dilutions and high debt.

Oh and i almost forgot... no mention of the cash position then... hahaha. Says it all

No no. Nice try.

"Other Grades 13.7g/t, 12.9g/t and 16.9g/t respectively".

Other grades were assays. Not average grades. That's the equivalent of testing a piece of gold bearing rock and saying the mine is full of the same grade. Disingenuous at best. The average grade was 8g/t. Not anyware near 15-18g/t claimed. TB being usually deceptive. Don't trust this man folks. Would sell anything to save his poor investment decisions. He's in deep and needs out.

"You have no shares ,lol" - Correct. Even at 14.5p i'm not interested. What does that say lol. How many you got? Loads. That's why you pump the stock no matter what is true.

Laugh away. Me too. I'm out, you're in the red big time. You're right, it's Hilarious.

You've lost me. Another rat hole you think you've found me and come up with some random inuendos that make no sense, because you're guessing and don't have a clue lol.

Btw tb, whats the current cash position of the business? Is 8g/t in one level, once, really the flagship of the company?

No mention of other grades?

TB. Keep trying to stalk me. An old man like you looking at loads of pics of young men again. Fishy.

I don't take selfies, never have, don't have any and don't use social media so good luck hahaha.

ATB - It's a joke. 8g/t as if it's great. No 15-18g etc. Half that.

Actually on a publicly traded company, your entitled to accurate financials to make informed decisions but don’t let facts get in the way of you’re bitterness. You haven’t before lol. What is it you say… lol at you tb

Would agree rockhead that progress has been made in terms of prepping for stoping but again the RNS lacks clarity to only paint a picture of grades in a good light. One good average grade from one level won't suffice if diluted by lesser grades elseware. We deserve, and are entitled to a fuller picture from an RNS. Not one that misleads.

No mention of cash position is worrying because I would of thought, if things we adequate, they would have taken the opportunity to include it.

No we don't know about the cash position? If it's 8k today as it was not long ago, the share price should be 2p not 15p. As the company is virtually worthless.

I would disagree there is a "lag" after 13 years. Gold price won't have any significance over this business whilst it is loosing money. A loss is a loss no matter if gold were to hit 5k/oz. BTW, most analysts don't expect gold to break out as you claim. It never has. It's always been a steady hedge.

None the less, I await another reply that can update us as to the cash position as the magic show we've received doesn't.

What about the cash position, any update on that?

"Look here, don't look there"

The gold price and the price of this share are as not intrinsically linked as you think. Compare you chart for gold with the chart for this price. Just a but different, I would suggest.

I'm not asking them to stope two places at once. I'm asking for results from whats been done to be detailed and not a single highlight of the best.

It's interesting no mention was made of grades on other stopes. Just the grade on one. Is that not the equivalent of a magic show... look at this hand... don't look at the other. Very suspect.

Also, if he REALLY believed this was going to the moon as some have claimed, he would have stayed and kept his options. One year of work, if this is really going someware, would have been worth a significant pay day. Not even an advisory role either to retain employment and exercise options. It looks like the head honcho has bolted because he knows its only going on way. No time to shine now as we were all told. Time to run by all accounts.

Busy enjoying the weekend. Sun was out at Loch Lomond today. A nice 22 degrees in the sun. Only down side was the neds at luss who decide to blare music and drink vodka in the street. Considered asking them to attend at the mine with a view to improving the calibre of management decisions

I think a few know the twitter claims are true, but are simply trying to discredit them. No amount of proof would suffice. Smoke and mirrors.