Member Info for b1gdeano

Sorry flapping but your interpretation is incorrect. We are bound by all rules still, and as such if any newsworthy event was to occur that would result in an obvious SP move then they still need to notify the market regardless of suspension. Trust me on this one, and if you don't want to then feel free to ask someone such as the NOMAD. Rule 11 is applicable still and demands that news is released as and when. Just because we are suspended does not allow the company to hide news good or bad. If they were the regulator would eat them for breakfast. CP did actually say this himself shortly after suspension occurred.

Flapping they do need to release news as and when it occurs. We are still bound by ALL AIM rules while suspended.

Nope you got it Applegarth. Any news like that "should" be reported as soon as known. Though this is AIM and it depends how straight CP plays it. I for one would take a very sim view of any sudden amazing news right before suspension lifted as it would be far to convenient in my eyes and lead me to believe that CP likes to bend the rules to suit. So as for the pineapple quote, that's just old pumper pumpy giving it some nonsense hype. It is odd we have had no news though regarding Finland.

Honestly if you got out with a profit you did well. ADL is a sham, the consolation was purely to allow further dilution and raises as they quite literally killed it issuing shares like confetti. Whitby has gone but gorringe was complicit in it all and no better on my mind. And the latest pump led by BMD was a thing to behold! If you ever want to see corruption it was right there for all to see. A rumour leaked, SP drove up helped by BMD tweets and all that happened was a placing! BMD made a killing on the rising SP and PI got mugged off again. So much for the imminent deal there ay? Anyhow this is all off topic, but seriously ADL is not an investment. It's a punt if you can and leg it with any profits!

Was that a half arsed apology 993444? Never mind at least you admit I was right. I am not SEA7 though pal, barking up the wrong tree with that one. Lol. Woody - your right about the admission costs being about 250k, but Lion will need more money as they have to have a year worth of operating costs in the bank before they can return, no idea what that will be but estimate about £2m?

It isn't negativity though is it? It's fact. It's all fact. There is a 6 month hard deadline to return. Fact. There is considerable costs involved with the admission process that will need raising. Fact. There is no product out. Fact. It matters not one bit what is said on here, as it won't change a damn thing. Only the company can do that by releasing the product and minimising dilution. As for scaring people to sell, what nonsense. Maybe that could be said if this was trading right now, but not suspended. The market markers will price us accordingly prior to opening bell, so we could already be marked down 20% on open without anyone selling! Or we could open up 20% if the right news comes out. People here need to get their heads out of the sand, take the rose tints off and have a step back then take a look at all what's actually going on. The market won't give a shit about any of the BS on here, only what actions the company has took. Anyhow enjoy your weekend folks I wont be about much. Sure hotshot trader applegarth with keep you company. Wouldn't take anyone serious who was pumping ADL a week ago though. Lol. How much you down there hotshot?

As time goes on with this suspension I think more and more people here will start to become more appreciative of the balanced posters and what they had and have to say. I have said many times I am confident this will come back to market, but at a lower SP than the start of suspension. Why? Because on the surface there has been no progress made. Nothing to show about anything. Yes there could well be loads going on in the background and then are ready to drop GB to the masses next month. If that RNS drops my stance will change accordingly. As it stands there is nothing to be excited about. If the company returns with GB still being "developed" then expect losses here. It really it up to the company now, and I don't see anything troll like with saying it as it is, and it's insane to think that the SP will be multiple on return if it came back tomorrow as it stands! People will beleive what they want to though, but in my experience it's better to err on side of caution until a company proves itself otherwise. CP was full of big talk before suspension and silence since. I don't trust him or his word and his constant time slips aren't helping that image. My opinion and I'm entitled to that. Thing is I do hold here, and will lose if this goes south, so believe me I want this to come good, or at least come back near close price! There are trolls but I ain't one. I just don't sugar coat things.

Fair play for copy pasting the sections SEA7. I merely pointed him to what he needed to look for, but you put more effort in than I was prepared to lol. Anyhow no doubt he will be back calling it rubbish, that we have all made up that document to further the troll posts and short positions we hold. Some people just can't be helped it seems. At least the board can see him for what he is, an inexperienced investor acting like Warren Buffet. If you don't know the rules fair enough, but rubbishing a poster who is quite clearly correct in pointing out the rules and even telling where to find it themselves is just ridiculous. Hopefully people on here will now see 993444 posts for the clear ramps they are without any balance, and lend less weight to his "knowledge" in future. Also see no apology forthcoming as yet from him. Oh well. Just another person who can't admit they were wrong.

To make it very simple for you though, google aim rules for companies. Find rule 41, under the cancellation heading of orderly markets. Now read rule 14. OK? We need to comply with rule 14 before we can return. If we don't complete within 6 months, the exchange will kick us off, as per rule 41. Got it? OK. Let's put this to bed and move on. You can apologise in the morning when your pride let's you.

You think I'm sea7? Lol whatever mate. And it's not rubbish. Look it up. I have told you exactly what to look for. Not sure why you need a link to the aim rules? Best stop going on about it now as you will just make yourself look foolish. 6 month is the limit. End of.

Flapping - Im not worried about it delisting, I have said repeatedly I believe the company will be returning to market, but at a discount due to the way the company has handled things throughout the suspension period. This can be verified in my posting history. I was merely pointing 993444 to the 6 month rule, not that I was thinking this will not come back.

993444 - A share cannot remain suspended for more than 6 months. Read the rules, specifically section 41 under cancellation. Forgive my tardiness but I had other things to do than educate you. We need to comply with rule 14, not 15, and we need to do so within the 6 month period as in the rules. No problem helping people understand AIM regs, but please try to stop yourself being so smug, when you are clearly inexperienced. A lot of posters on here could do with the same advice. I am not a troll, but a realist. When or IF LION releases solid good news then my stance will change accordingly. Until then I am expecting a SP south of where it closed.

It's in the aim rules. Rule 14. 6 months suspension Max, failure to comply with rule 14 at that time the company gets removed from AIM.

For all intents and purpose if we don't come out of suspension by November 11th we all lose our money. That's the long and short of it. Whatever is left of Lion we won't be able to trade or influence. It's the worst outcome of all this regardless what some may think.

Tell you what then BA. If this goes private you can buy my shares from me if your so keen on that outcome ;-) private = total loss to me!

Just read that article myself. Interesting read.

There have been loads of companies that fell off aim. This won't be one I don't think. Most of the companies that fall off done so due to failing to make a deal to remain, or have a product they cannot make work etc. Lion has already done the deal and has interests in other businesses so isn't a cash shell either. They already have their listing on AIM so the work isn't as much as afresh listing. It's an admission document FFS! All they need is to get that submitted and arrange finance for 1 years trading. Now I'm not bullish here at all as I can see a fair discount on return being applied, but I do see it returning.

Why would they allow Lion to drop off AIM? TRAC sold their company for Lion shares, meaning they will have handed Lion the company for nothing if it drops off AIM. Also Lion can raise funds easily on AIM via placing etc which funding is much harder to come by privately. No, they will return to market by deadline, but it may not be in current shareholder interest SP wise.

It is a small company, and it doesn't have much going on in relative terms. It doesn't, with what is in the public domain, need more board members. The mine interests are a JV with others running the show in those. TRAC (Now goldbloc ltd) are running the show with GB. What does Lion itself need more members for?! Every project is being run independent of Lion really. Lion is a holding company as was mentioned before, it buys interests in other businesses, and these businesses have their own leadership.

We did. And that was the most honest update since suspension too.

Pineapple, expanding the company with board members isn't great if there is no product. It just means more snouts in the trough emptying the coffers. Great if they add value and get GB out the door and earning but not if they are just adding to overheads. I'm interested to see who they are bringing in as really can't see why they need additional board members at this time. It's a small company with not much going on!