Member Info for Aubery

Jarv

You could guesstimate the cash available

‘The Company currently has a limited cash runway in the United Kingdom, with sufficient working capital to meet ongoing obligations until November 2024’

What’s 2 months working capital with nothing coming in and overheads going out…?

Richard

I’ll have one last attempt.

They are unable to sell the concentrate and crystallise any monies into the UK PLC.

You continue to believe they’re trying to time the commodities market.

And again, they are unable to qualify this concentrate into the accounts, they told you this 2 months ago.

Or maybe I’m wrong , often am, and it’s the account system upgrade that’s holding all this up.

Simples.

Richard

‘The board may not extract the value from selling concentrate as they'd have done in 2021 but they'll do much much better than if they'd sold it in June 2024.’

No the won’t and more likely ‘can’t’

They can’t even value or qualify this concentrate for the UK balance sheet… how on earth can they sell it and crystallise the value into UK listed PLC … and all with a few weeks. Not possible.

Delusional.

Shortly.

‘They may need loan if the concentrate isn't sold but as any sensible business people.. You'd wait till last moment and best possible price to sell your goods. ’

Disingenuous or stupid…your call

‘Sensible business people’. Jeeeeeeeez.

It will be entertaining today seeing the clutching at straws….

Shortly.

IKN

What is the actual delay in publishing?

Is it account system upgrade

Difficulty accounting for concentrate

Unable to confirm the company is a viable concern

Each RNS is independent of the last with moving goal posts… a theme of the last 8 yrs…

Should have been on time, then confident of only a 4 wk delay, then an 8 wk delay and now no stated deadline.

Shortly

Hydro

Member since Aug 2024.

Before you next message about the company maybe read the latest RNS first… then revisit the last 8 years of RNS… to form a view. All opinions welcomed. It’s a public forum.

Shortly

Who will lend to a company generating zero cash.. in the UK?

And unable to convert rouble to sterling?

Looks like all Uk raised funds went one way… into roubles with zero chance of reversing back out into Uk sterling….

Electric dragline… Deary me….

IKN

They haven’t sold anything in 8 years despite a FSP

2 months cash… what will materially change to make a sale crystallise… nothing.

You can be nothing other than disengenious reading that RNS as a nail in the coffin… or thick , you decide

Hydro

Your message hasn’t aged well… you may want to reappraise.

Some earlier in the week mentioned occams raiser…this is only heading one way unfortunately…

2016 FACT

“It's basically a one-step turnkey contract with financing already conceptually in place for when we get the go-ahead from the Russian government to develop the mine,” Schaffalitzky added.

Sinosteel will construct and commission the mine with the contract in total worth US$176mln.

Crypto ‘interested party’s..’

It’s been over 8yrs since Sinosteel EPC was touted.

If you believe there has been an ‘interested’ buyer since then but the BoD have suffered lots of bad luck which has compromised a deal being done then good luck. I’d say shockingly bad strategic decision’s costing tens of millions to those invested.

Time is money… same with concentrate - you sell immediately and get cash in. The big miners are lazer focussed on cash flow and getting the cash in.

If the underlying assets were worth anything the BoD would have surely triggered the EPC… but they didn’t… how many years now of lost revenue…..would be dividends now for investors

Best BoD on Aim

Shortly

Bfd

‘I'm not convinced by the reason given for suspension. ’

That’s a concern no??

‘the BoD could not give the full reason…’

Jesus wept

Tiff

They haven’t sold the concentrate.

They stated they would update if/when they did.

Absolutely bizarre that they didn’t process it immediately given they are a loss making miner….

Shortly.

Read Taxtopia … thoroughly depressing.

I thoroughly support paying ones taxes but, anyone under PAYE, myself included is shafted.

Bang all your assets into a company or a trust. Too late for me so drip feeding LGEN into an ISA in the hope of attaining some form of tax free income for when I retire in 10yrs or so.

The ‘haves’ do not pay any tax let alone IHT. The rich and the poor don’t pay IHT. Hits the middle earners who are getting absolutely clobbered by fiscal drag.

Not sure how to redistribute the ‘wealth’ (assets) of the wealthy. A progressive land or property tax…..

‘ announces that further to the announcement dated 27 June 2024, its audit for the year ending 31 December 2023 is progressing and nearing completion, and the Company expects to publish its Annual Report and Accounts for the year ended 31 December 2023 (the "Annual Report") during August 2024.’

8 months to sort accounts and still not signed off. They have had an accounts system update and trouble qualifying the ‘concentrate’.

No conspiracy theories please…

Shortly

MAB

‘ . I believe the big boys know by now they cannot push our BoD around or hassle them into selling too cheaply’

There simply aren’t any ‘big boys’ …none whatsoever

Richard

After 25years of trying… the company doesn’t know the value… or maybe it actually does know which is why it’s tried unsuccessfully for the past 6 yrs to flog it.