Member Info for baggytrousers

flurry of buys?.... to a total value of £7.5k? LOL yes... someone loading up big time! lolololol

https://www.railsbank.com/single-post/2019/09/11/Railsbank-Creates-Epic-Board

Tally Money Ltd (or what was Lionsgold Ltd if it still exists?...) still own 12.5% of Railsbank to my knowledge although after the recent $10M fundraise last week I very much doubt this is still the case. Their holdings will no doubt have been diluted down somewhat. Could still prove to be a very fruitful investment for TALY holders though in the long term.

plenty of companies do this on AIM with little results to show for it.

Yes I do see your point ginger84. How much cash do MTR actually have in the bank these days given their various other commitments? I guess they do have the backing of Sprott and the upcoming MOD/Sandfire deal which is more significant than their SP suggests currently. Will be interesting to see how this plays out. I'm fully expecting some sort of Molyhill update by end of Q3/Sep.

Orion. I respect your point of view and your obvious wealth of experience in these matters but if exploring the gold assets is as easy and inexpensive as you say it is... why on earth are THR not already doing it?

Yep, the theory has some obvious credence (Mark Potter looking after MTR's investment) but the guy is now director of 6x companies so he's unlikely to be spending a huge amount of time on THR.

Let's be brutally honest here. THR is not going to 5p by Jan 2020 and therefore MTR are not going to be exercising those 10M warrants they hold. Even if they got financing for Molyhill tomorrow - it isn't going to 5p anytime pre-production and will do well to achieve that even once they are actually producing from Molyhill which now looks like it will be 2021. There could be a rabbit-out-the-hat scenario potentially but as per current SP, there is little to suggest anything is in the offing.

I think you're right in that something will no doubt arise out of the MTR relationship but as to what that is anyone's guess right now unless you're Mick or Mark.

That's a good point on both counts ginger84. Will take a further look.

no point focusing on assets that they have no funds to do anything with .... :/

Yes, Gold assets are all the rage atm, but there is a hell of a lot of proving up to do here before THR sees a rerate. I suspect we'll know more about gold at Pilot Mountain before we know anything about these Oz assets. The way Mick has been speaking of late it is unlikely they will do anything with those assets at Karlawinda in the near future unless they raise funds.

stop burying your head in the sand and look at the facts: https://www.gov.uk/foreign-travel-advice/malawi - updated 21 Aug 2019

Also, from the BBC (yesterday): https://www.bbc.co.uk/programmes/p07lql65

anyone pick up on recent political unrest in Malawi? Note updated government travel advice on Foreign Office website as of 21 August. May 2019 election results are being challenged and there has been unrest in Phalombe. Note MKA also does not yet have a permit licence to mine on any of their projects in Malawi.

re 8888ford: the problem is the test WAS partially unsuccessful. When you only have 1 asset and you tell the market (who are expecting things to be all ok) that you need to retest again for 12 months with no indication of any further newsflow apart from the acquiring of other assets (which will be of very low value at best unless a placing pays for them) then you automatically decimate the SP. It was easy to see from yesterday's RNS that this was going to happen and it's going to keep on falling for a LONG time yet. I wouldn't even be surprised if Nigel walks away here.

a fantastic RNS for anyone going short yes. SP will be decimated over next 12 months. Watch and learn

Also... If I'm right... the shorter (or shorters) have played it perfectly here. Taken the price down until the company is in a position where they need to raise and then BOOM... close the short pre-placing, effectively forward selling, and then take a chunk of the placing, no doubt with warrants attached, happy days.

those sells today seem to only tell 1 thing, someone is short, and probably quite heavy in. No doubt it's been very successful for them thus far but things will change drastically (for the better) by the end of 2019 I'm sure.

Much better interview although Andrew was a little patchy at times in the way some of the questions were asked, but overall it got to the bones of the questions which investors want answers to. Almost seems a pointless exercise now having a webinar on Thursday as I'm not sure there is much that can be asked of Mick that he hasn't already answered in this interview. I'm no fan of constant media updates without material news to back it up. It doesn't help the share price and therefore has no value. THR have been pretty consistent in releasing RNS's to update shareholders on ongoing works at their 3x core assets. An interview alongside each RNS is all that is needed without the need to try and pad it out inbetween.

I like Mick but a lot of investor's patience is now wearing very thin. Signing a finance deal of any sort on Molyhill is not a stonewall guarantee that it will push the SP back up to anything like a realistic valuation (this is AIM remember folks...). Still invested here for the long term but not hopeful of any material news here until Q4 now, partly because I think Bonya will no doubt have had a (hopefully positive) impact on those discussions, thus the fact they are dragging out so long. Let's see if a rabbit gets pulled out the hat with Pilot Mountain and move on with the EnviroCopper listing. I for one look forward to the day this coiled spring is finally released.......

cash in hand vs Mcap is a pointless calculation unless you factor in any debt. you really shouldn't be investing if you don't do this...

you also need to factor in debt...

Thanks Bazza - much appreciated.

Did anyone go to this earlier this week? Just wondering if there was any feedback? Cheers.