Member Info for Andrew4444

JDAU You may be right, probably hyperbole on my part. Sino seems to be the only contractor doing anything and that was not what CB implied in the pod cast.

JDAU I agree with a lot of what you say but you are being very forgiving with CB's inability to manage expectations. His constant rampy comments and implied predictions have not happened ... yet.. The recent pod cast had him talking about 5 or 6 or 7 plants working the alluvials. We are down to one ! $360K monthly income ....now may just cover costs. Although I see value here at this level it wont be the massive multi bagger I and many thought. I've been buying down here but it may well keep going down until news is released. Many have understandably thrown in the towel and see greater and quicker return in other shares.

Itsaduster You may be right. If you are, then this will do bust after sp reduces by 90% with more placings to keep the lights on. I would suggest you recovery what you can now and move on before its too late.

Mike It's a view, but not one I would subscribe to. CB had to do placings to repair the mess that JN left (yep I know CB was the Chairman and he should have had more control over JN ). I think CB saved the company from going bust. This co is now (IMHO) in a far better position than when JN was in executive control and I don't see CB's performance anything like JNs. The problem with CB is that he promises you �1000 bonus and gives you �500. You dont think, great I'm �500 better off but think you are �500 worse off (even though you are actually better off).

I wonder where the sp would be now if CB had said, from day one, that 1. alluvial income would probably only just cover costs 2. We�ll only get 15% to 20% of FB hard rock 3. FB agreement wont be signed until late 2018. In effect, where we (probably) are now. I suspect the sp would never have gone past 3p (it hit 4p last year) but, I doubt the sp would be below 2p now � probably around the mid 2ps now. Certainly no massive drop. For me the drop is indicative of lack of trust in CB but moreover the disappointment in comparing where we are now against where CB implied we would be - esp with alluvial income. This company is not in a bad place financially, no debt, income just covering costs, massive asset that can be JV. But its not in the place where CB implied it would be last year. His inability to manage expectations has caused this drop. If he has been less cavalier with his comments and more circumspect, the sp would be much higher than it is now and we may be praising him for steady as she goes progress (albeit unspectacular). I�m almost tempted to say that I think this should do well over the next 2 years, not because of CB, but despite him ! OK that�s unfair, but you get my point.

Mike Yes agreed. The ,juvenile posts, comment could sit well with many posters over the years esp those that were ramping it. But maybe, just maybe some said it was a good time to top-up because they really thought that to be the case and were giving their honest opinion - not ramping. History may show that they were wrong, but thats not the point. In the same way that many have said this is an absolute shambles are not bashing it just giving their honest opinion. The point is you should be able to give an honest view without being labelled a basher or ramper.

I haven�t posted for a few days as could see, after the drop, the board was full of emotive juvenile posts so it would have been difficult to have any adult considered debate. Hopefully some have now calmed down ! My posting history shows, as I�ve said many times, that you can�t trust everything CB says. You don�t know which parts to believe. Yet again he has said things that have not happened or if they have, the figures were not as implied. I think the FB hard rock agreement being moved to later this year was the final straw for many and, understandably, they have had enough of his failed promises. Many probably think they can make more money quicker somewhere else - and they are probably right. He now talks about alluvial income covering costs, but he initially stated figures of $320K a month. Another implied figure that he wont meet. If he had said from the outset the alluvial income will only cover costs then there would not have been any disappointment when they only did that, but his overly optimistic comments have, understandably, disappointed many. He has not done what he said he would do, under promised and over delivered - he�s done the reverse. That said, this was never about alluvial income but FB income. At some point I think he will agree a deal for FB hard rock, and even if it is less than his own 15% to 20% figure (it may not be less), this should see the SP rise. The MC is so low now that if he finds 50p in the car park this should go up :) Because of this I have added more, a lot more, at 1.8p and 1.4p. When the facts change my opinion changes and I don�t now see this being the massive multibagger I once thought. I still expect to see the sp hit 5p to 6p but that may take 2 years. For the record, that�s my belief so its not a recommendation to buy or a ramp. It could be less than 1p by then or have gone bust. The one enlightening thing about the drop is that it has exposed the true snidy character of some posters who previously tried to hide behind a more reasoned persona. They seem to revel in others misfortune and even post libellous comments implying that I had sold. I haven�t, I�ve added and they�ve been filtered ! At least this drop has exposed those for what they are � oh and given me chance to top-up ! This post is not a recommendation to buy, sell or hold. You could lose all your money by buying now. DYOR.

itsaduster I dont have an office, so no office wall. In fact I dont have any walls as I live in a tent. Sold the house to buy more xtr shares.... Anyone want to buy a tent?

Amazingly the Mrs couldnt find a handbag she liked ! I'll now use the �500 for something more worthwhile :) (hopefully)

L200 I have four family accounts so wont be anywhere near 3% per account. I didn't intend to buy anymore, until the sharp drop.

LW �800 this morning and been buying small amounts over last few weeks. Added about 500k all 1.8p or under this month. If the wife come backs from town this afternoon without another new handbag then another �500 this PM ! How many handbags does a woman need ! Bag for life works just as well. :) (IMHO)

Pie My God! You actually got through and made contact ! Well done. Slightly easier task now. Any chance you could now try and make contact with my late grandmother and give me the lottery numbers for Saturday :)

Bat I can't see him selling the co for less than 2.85p a share as that;s what he bought at a while ago. If its 2.85p or higher then now is a good time to buy as you will see a good profit when he agrees to sell at substantially higher sp than is now (assuming you're theory is correct and he sells the co). My view is he wont be selling the co and what we have now is classic AIM - fundamentals and sentiment not matching.

CE If all that happens the sp will rocket. But the question is, can CB deliver?? We'll know in the next few months.

CE Will do ta

Sarcasm is currently flying at 40,000 ft over itsaduster's head ....:)

On some share sites the SP has changed colour to Blue (its always been Red before). In addition, there is a strange cross symbol infront of the sp. It looks like this.... + Any ideas why the strange colour change a new symbol has appeared? Very bizarre and quite scary !!

last = late

LS If we dont get the fantastic/ brilliant RNS by end of June then its probably another CB over promise. AGM should be called by soon for last June so I would assume CB wants to give some good news before the AGM. If not, then he may need his tin hat at AGM.

Batfink Alternative view is that some may see it as a buying op I've had, another, very small nibble