Member Info for antigua18

I would argue the day to day share price shenanigans is relevant, very relevant! Those controlling the price are trying their best to demoralise Pi’s into selling or bailing when we get a good rise. These tactics are well known, especially when large sums are stake.
Don’t make the mistake of thinking they won’t try and rip it away from us, by fair means or foul.

We desperately need the price to start moving north, hopefully it will begin in the next few months.

Wise words as usual Panama, especially when you factor in Tigs sad news. The journey has been a tough one and sadly some of us won’t see the rewards. We should all raise a glass in the coming days and remember those less fortunate.
ATB

Who do you work for Culpepper? You seem to be spending lots of your valuable time mocking us and trying to convince us nothings going on. Can’t quite put my finger on it, but there is an air of familiarity to your style of posting.
Its no surprise posters have decided to put you in the green bin. You are a bad Apple trying to sour the barrel.

The problem as I see it is that the big boys do as they like at our expense. They are well beyond us and the regulators in their tactics and since the regulators will only investigate if they have enough people complaining then it’s no wonder they never get pulled up. Let’s face it, very few of us know the shady goings on behind the stock market so how are we able to complain effectively.
All these cancelled trades we’ve seen over the past year are only part of the scam, the scam being to remove shares from Pi’s hands to other interested parties. I would also say that any fines that any companies do get for cheating the system are minuscule in comparison to the profits they generate.

Dip, I had hoped the relationship would improve post 5%, but I’m also starting to wonder about how close the two companies are. SD has said it’s good but don’t see it reciprocated on the other side. I have a niggling feeling that SB is still smarting about being out smarted by Shaun.
In fact NCM are doing nothing to help their colleagues and my only hope is that as a result of this other explorers take note and treat them accordingly, after all reputation is everything.

I can’t help but think we would have been better off if they’d released the FS as planned then updated as and when, especially since the only thing likely to ignite the share price seems to be the DTM.

Going back to your last paragraph, I find it strange that SD can’t be definitive in the timing of a resource upgrade. You would think both companies would be keen to release an update together, yet SD’s comments seem to indicate he has no idea what NCM’s plans are, which only serves to prove the two companies are not aligned at present.

Well said Ben. Often these chat boards have their fair share of A-holes and don’t know why people are surprised as it’s much the same as real life. Unfortunately in the big world we can’t simply tune out so easy as the filter on here. Personally I don’t use the filter as I like to listen to all sides as it makes it easier to spot the familiar players that resurface. It’s also important to hear alternate views whether you agree or not.

If adblockers stop working, which happens from time to time, then close down the browser and in particular LSE pages and delete cookies. The adblocker should then work again.

I have complete faith in SD, he has raised capital with sufficient headroom for reasonable contingency. If the FS comes out with an increased resource and/or bulk mining then I don’t see any issue if more funds are needed.
It’s all relative, bigger mine, more cash needed leading to bigger asset and more cash generated.

Why are you trying to create uncertainty? You often imply that we should not engage in endless debate until we know the facts.
Why not practice what you preach as we will know all when the FS is released and not before.

Hope so DH, no reason not to give a big increase in resource, now that any takeover has been effectively kicked into the long grass.

Dip, I totally agree with you.
NCM and GGP are in a symbiotic relationship in regard to HAV and therefore any changes at the top of NCM could materially make a difference to the project.
It’s entirely possible that the shareholders dissatisfaction recently has led us to keeping the 30%. They have no doubt curtailed SB’s expansion plans for the time being. He and his board will have to tread carefully in the future.
The announcement of an upgrade to a tier 1 mine would probably do wonders in trying to win them round, hence the delay to the FS.

Thanks Sureasblazes and Dip, thought that would be the case but was unsure. I would imagine both companies would like them to be out the way so as normal procedures can resume. Up to now the sign off is playing catch up with reality which obviously isn’t the way it’s normally done, which only goes to show how important this discovery is to NCM.

Great minds think alike ;-)

Bamps, is it possible they could issue the FS and DTM together or are they treated as totally separate with a time frame needed between them?

Agreed, the dilution needs to be factored in, although logic would say that the share price should still rise after each milestone is passed and potentially offset dilution, or at very least it should have bottomed after finance was secured.
Having said all that I tend to take broker ratings with a pinch of salt since all that matters is what the markets thinks and not what brokers predict.

Perhaps the market has trouble valuing it as the whole thing is arse about face. Clearly we are going mining but we haven't had the FS or decision to mine. We all thought getting the MRE was a game changer, then the finance sorted, yet still no uplift. So assuming all things being equal we will probably stagnate until we get the final stages signed off.
If we look back at all the Broker price predictions over the years which were risk weighted then it certainly raises questions as to why the price isn’t rising as we are largely de-risked, yet the exact opposite seems to be happening the closer we get.

I’m slightly concerned we still haven’t had an SD interview, this suggests somethings going.
It could be more news is on the way or he’s not happy about the delay.
Many on here have said a delay is a good thing but until we get SD’s side it’s difficult to know what to think, either way the silence is unusual.
It’s also possible that the our new board have advised Shaun not to get too involved with pandering to Pi’s.

CP’s obsession with the main market has been used as a reason to not re-list, in my view.
He should have gone back onto AIM ages ago and stopped all the can kicking.
We all know this will tank where ever it’s listed as investors run for the door after being trapped for years.
I’d always hoped someone would step in and make us a fair offer enabling us to get out of this purgatory.
I suppose I can always dream on:-)

SD always does an interview after an announcement. His communication is second to none and he always makes the effort. Has to be a reason for not doing so.

Very strange that there is no interview, especially given the news on the changing timeline on the FS. Is it possible SD was taken by surprise by the announcement.
There’s just no way he wouldn’t have explained, unless he needs further clarification or detail.