Member Info for ART123

Case of getting ones wires crossed I feel. The INSPIRIT ENERGY GBP ASSET BACKED ETI is nothing to do with Inspirit Energy Holdings of AIM fame. Mind you any shareholders here were due a rise anyway as the shareprice looks to have been falling for years and years so what will they care. Difficult for the company to even issue a speeding ticket unless they read this bully board or at least if they do and say there is no reason for the rise they will at least be speaking the truth for once!!!

It could be that INSPIRIT ENERGY GBP ASSET BACKED ETI and Inspirit Energy Holdings (ticker INSP) are two completely different and separate animals - as this link implies: http://zertifikat.finanzen.net/zertifikate/Auf-ETI-Malta-Ltd-Compartment-20/A2D9YJ INSP are more than a year from production and wouldn't even need that sort of funding. "The Company is continuing to advance towards the commercialisation of the Inspirit Chargers and the business is working hard to meet the required milestones of approvals and customer field trials whilst incorporating the 'sealed for life' Stirling engine component within the overall appliance configuration. This is being achieved through extensive reliability tests and supplier evaluations. It is fully expected that on conclusion of these tests, sales can be targeted within the next financial year.

Not sure if people realise that the Chris Akers who invested here and who is assisting RLH in finding investment opportunities and who may join the board is the same Chris Akers who has been leading Concha now for several years very unsuccessfully. "The Company has, conditional on Admission, raised £250,000 (before expenses) from a private investor, Mr Chris Akers (the "Subscriber"), through a subscription of 250,000,000 ordinary shares of 0.1p each ("Ordinary Shares") at a price of 0.1p each (the "Subscription Price"). Chris Akers is Executive Chairman of AIM traded Concha Plc, having been appointed to the board in December 2012. It is anticipated that Chris will assist the Company in identifying investment opportunities and that he, or a nominee of his, may join the Board in due course." Also maybe PI's should note that the company have raised about £550K all at 0.10p which is way under the current SP (current m/cap is about £3.5m)and also note that Aberdeenman was one of the 2 or 3 most shameless rampers at Cloudtag before their suspension. Not the best of judges of companies, management or potential I feel. ATB

"The project also has a very modest two year capital requirement of just under US$32 million to get into full scale commercial production." It all depends on where this is going to come from. No funding no mine. However if they can attract a third party to 100% fund this against future revenue then it looks good.

See Paul Johnson has bought more - another 1,350,000 - over 5% now. "Connemara has today received notification that Mr Paul Johnson is now the beneficial owner of 3,850,000 ordinary shares of €0.01 each, which represents 5.08% of the Company's total voting rights." Something's brewing.

Does anyone know what is going on here. I can't see Paul Johnson buying 3.3% unless he intends to make a serious return on his investment but I can't immediately see what may drive the shareprice upwards. Also has he paid 5p per share or not. Anyone.

"Connemara Mining Company PLC has received notification that Paul Johnson is now the beneficial owner of 2,500,000 ordinary shares of 5p each, representing 3.3% of the Company's issued share capital with voting rights." Well the RNS states that Paul Johnson owns the shares complete with voting rights rather than just warrants at 5p so we must assume that he has bought them.

There are a lot of warrants at 5p from the fundraising of May 2016 which need to be exercised within the next year: "The board of Connemara Mining (AIM: CON) are pleased to announce that they have raised £400,200 (before expenses) by way of a Placing and Subscription of 20,010,000 new ordinary shares of €0.01 each in the Company ("Ordinary Shares") at a price of 2p per share ("the Placing and Subscription Shares"). For each Placing and Subscription Share subscribed for, the investors are also receiving one warrant to subscribe for an additional Ordinary Share at a price of 5p per share at any time until 26 May 2018." These shares may have come from Metal Tiger as the RNS wording is that Paul Johnson is now the beneficial owner of the shares rather than that he has bought them. Metal Tiger acquired them from the placing but them subsequently sold their holding but the warrants would still be valid. These warrants are worth over £1 Million to Connemara once exercised so it is in their interests to get the shareprice up past 5p.......................

Then again I'm not sure as my research seems to say that the nominal price is €0.01 so maybe he has bought 2,500,000 shares for 5p each..............................................not sure - can't see him paying more than market price.........

The nominal price of the shares is 5p - this is not the price PJ will have paid. He will have paid market price.

Very likely a short term (1 to 3 months) profit on it's way here to attract Paul Johnson to buy 3.3% of the shares in issue. Surprisingly these were not bought in a placing. The shareprice may also rise if he increases his stake too as he often seems to like about 8%-10% for his punts..

Screech777 You have been posting this optimistic waffle for months now. I had even sold out of here once before but then your persistent posting talked me into buying back in again - and then the same old nonsense of sells, sells, sells and very little real news. Give it a rest.

You are hardly going to short an AIM minnow like CAF and no, I'm not looking for a better buy-in price. I shall wait and see which way this goes and what they are going to do with the existing assets and what new assets they may acquire. I've been holding since 3rd January and the sharepice has done nothing so I'm quite happy to walk away for now. ATB

Mindless optimism from the Janitor if you ask me.

I suppose there will be a mighty spike if they are going to go down that route, followed by a very low priced placing. 2p max I would say.

Answering my own question here: "Jan 1, 2016 - AIM Rule 8 - Investing Companies. Following the changes, investing companies will now have to raise a minimum of £6 million in cash." Probably wouldn't get much above 2p for that amount. That's a lot for an AIM minnow.

Do they need to raise £6M to become an AIM Rule 8 investment company?

If you ask me the only attraction is that if the company goes down the Rule 8 route then they might not get suspended for months on end (and that would probably have been without an asset/RTO). Not sure what this may mean: "We continue to evaluate both the Botswanan copper investment and the Lithium project that management has inherited and will provide the market with an update once our review has been completed." though it could mean that because the current management didn't invest in these assets they may choose to get rid of them. New assets still need cash and I don't know how much cash they have. Also I'm not entirely sure what a Rule 8 investment company is either. All in all, after months of a subdued shareprice and the most persistent selling and Paul Johnson making a quick buck and leaving the board and selling out, and with a new team of "experts" who nobody has ever heard of who now may even dispose of the only assets the company has, I'm pleased to say I have disposed of my holding for now. I will be back if anything happens but at the moment this board is full of dreamers. Today's RNS was a nothing RNS too - name change - fine, change of address - fine, update - just waffle. ATB

It's not getting any better here at the moment - 2.00p/2.25p. This share has made me cross ever since I bought in. Never any upside, sells, sells, sells, and an ever falling SP. Waste of time. I'm sure it will probably come good eventually but it is pushing my patience - and that's taking into account that I sold half my holding recently at cost price as it was getting so frustrating.

I reckoned it was PJ who was selling especially when he quit the board and posted as such but the company released a ridiculous RNS back then to say he still held his 6.5 million shares which was obviously just a big porkie. Probably just to keep the SP up so he could get a good price for the rest of them. But on a positive note if the seller has now stopped selling then the shareprice stands a good chance of rising - like other similar shells.