Member Info for bandit1

No it does not bode well and those with a self-interest will be queueing up on here to to stick the knife in - it has already started! I have been a supporter of Interserve all year and optimistic that Debbie White and the new team would turn around a mess created by the previous management team. I was convinced that the kitchen sink exercise was watertight based on the multitude of reviews and independent advisers pouring over the financials and contractual liabilities. The last RNS spooked me, I must be honest, with an increase in debt levels and oblique reference to bringing in new investors. I was surprised to see that in print as it is open to interpretation and knowing that there are short funds ready to bash at every opportunity I decided somewhat reluctantly to sell out. Having made some large gains over the last year they were all wiped out and more on exit. I think that IRV will survive this latest challenge and for the 45,000 employees I sincerely hope that they do. This was always going to be difficult with little room for error. The company needs a white knight to appear to avoid too much more pain for ordinary shareholders. Best of luck to those still invested and I for one hope that this piece in the FT is wide of the mark as many others have been.

519,588 I guess I should join the party with my modest holding although it will probably grow!

For those who decide to turn up at the AGM and expect to receive information about a potential deal (wolfi_at) it won’t happen. Any new information likely to be price sensitive would have to be issued as an RNS beforehand. Until we receive news on strategic funding, and it seems a bit early for that following the Citi RNS, the share price will continue to do nothing in my view, sadly. It can be useful to look into the whites of the directors eyes but I am slightly concerned that all we will see and hear from Secker is more of the same “ there is money around for the right story”. My reading of Citi’s appointment was one of initial disappointment as it confirmed that any visits by the strategic investors in recent months have drawn a blank. Having said that I am now rather sanguine and can only sit and wait like all other long suffering shareholders for something positive to happen which may give us some hope about the mine being completed at some point. My own wish is for a large miner/energy plc to take a big slice and will accept substantial dilution in the process but we need experienced and capable management to come in from the outside to do what existing management are unable to do.

Thanks Peakview, we have come across each other on other boards over the years and you seem to be able to read those derampers very well indeed. They are having their moment during this risk-off spell but I have no doubt they see the potential value hence spending time on here trying to save people from themselves! At times like this I will always seek to acquire more shares in companies which have been undervalued in my opinion. The sharp drop here on fairly modest volume is one of the challenges of AIM investing as you well know. Over the years, buying after big dips is where some will have made their biggest returns and if you have time and the risk appetite to ride the waves good luck to you.

Trustatrade - yes indeed I had IOG on my watch list for 6 months as a company which has a strong management team and on AIM this is essential. We have all invested in AIM companies with superb assets but are often disappointed with the ability of management to monetize these assets. Having learned a harsh lesson recently in Bacanora (BCN) where I am sitting on a large paper loss, going forward I will only invest in AIM companies which have a top team with proven all-round experience of project delivery and achievement. Of course there will be delays on O&G and mining projects but managing these delays and crucially, communication around these delays is very important in terms of building and retaining shareholder confidence. Institutions are usually privy to a little more information than PI’s so I like to believe that PI’s are held in high regard too which appears to be the case here. I have acquired 300,000 shares over the last week and will acquire some more if we drop on the back of some shareholders moving to cash on the back of general market sentiment. In 6 months from now I suspect that the company will have made significant progress on funding/FID and sentiment will be much improved from now, at least that is what I am hoping!

Just received a quote 1.7575 to sell 5m shares which tells me that the buy orders which appear to be with the MM’s are not being filled also confirmed by the stable price levels. Modest volume also confirms that existing holders are not tempted to sell at these levels despite the general market sell off so a Mexican stand-off at the moment. A good share to park some cash at the moment.....

Unquestionably! I have had IOG on my watchlist for some time now. High quality management, excellent funding strategy, great insight to buy a high quality pipeline for next to nothing and a commodity which will be in great demand and a competitive price just offshore! I feel rather fortunate to have been given an opportunity to get in at these levels last seen in May. Look forward to watching progress on coming months.

I agree that his track record is far from stellar but for the first time in a long time as a long suffering shareholder here I am becoming more confident that I will recover my losses over the next year. Will I top up further to recover my paper losses more quickly? Perhaps I will, which was highly unlikely 6 months ago but if they secure the plant adjacent to Kabwe for a good price funded by the ‘project’ loan fund, this could really deliver value over time.

Seems pretty clear to me that we will see an RNS soon which will retrospectively explain the buying today. On this share people just don’t buy these amounts on nothing! Almost no regulation on Aim so those on the inside can trade with no fear of retribution. Looks in this case that people are expecting a good reaction to future news and boy do we need it......

You have to laugh at this publication which had CVS as a buy a few months ago at 937p or thereabouts. On the trading update today which warned about recruitment challenges for qualified Vets the price tanked again today and guess what - they are recommending that shareholders SELL and take a 30% plus loss. Great investment advice just when I decide to buy-in again at a decent price. We are a nation of pet lovers and that won’t change overnight. This will bounce over the coming weeks in my view.

I have no problem in paying top $ for top performance. I do have a problem when shareholder value is NOT been created and executives continue to be paid handsomely. Some months ago I questioned Eli’s progress or lack of it and one wag on here pointed out to me that he is also working elsewhere and that this role is only part-time at BLVN justifying why minimal updates were being provided. I can only take comfort from the fact that COC will expect value sooner rather than later so won’t dish out big salaries to people who fail to deliver. That is what keeps me here.

We are potentially on the cusp of something quite big here as has been articulated very well by some measured posters. Comparisons with SOLG are pushing the envelope just a bit as has been said already that’s not to say that after multiple drill holes producing similar results to HAD005 and indeed at some point down the road deeper drills confirming that mineralization extends a few hundred meters further down, then we may be on the way but let’s not get too carried away just yet. The market makers are loving this as they know that traders have flocked here making their 10% quite easily and there is nothing wrong with that as profit is profit but MM’s will, when they can, sweep up as many shares as they are allowed to by their compliance teams to sell them on when they are ready. I am a medium/long term investor looking for > 100% return on my investment some time next year and I feel quite confident that this will happen so just take these daily MM’s machinations as I find them. Some people will tell you that it is simply about supply and demand but I can assure you that it is not as simple or as transparent as that! I have a 4p price target on my 5m shares and will wait patiently through the ups and downs for that to happen. I think it will.

I do agree Degsie however Secker continues to disappoint as he dangles the carrot about the new strategic investors then nothing for weeks so any gain is quickly dashed. A lot of patience is required here so probably best to switch off until next year unless he manages to get his act together.

Mmmm I stopped reading the Mail 25 years ago when I realised that the journalists who work there are unable to find a role at the serious newspapers, allegedly. If you has any sense you would quickly realise that the quality of this piece is worse than poor, similar to the recent BBC article by their so-called Business Editor so this confirms that the quality of journalism in U.K. has deteriorated very significanty. A little bit of free advice to anyone remotely interested - follow the official announcements fom the Directors of the company who have a legal duty, rather than some third rate( allegedly) journalist desperate to write story which may be considered of some interest to the Mail readership........

Yes indeed so, is the lack of commmication with PMG a strength or a weakness? In the whole of 2018 there have been only 8 RNS announcements here. Two have been price monitoring extension notices, a director dealing statutory notice and a couple of statutory results notices. In other words as few as one would be ever see for a quoted company. With some companies however I often think about the saying ‘ better to keep your mouth shut and appear stupid than to open it and remove all doubt’ so there is a fine balance to be found. In my view, when a company’s performance is good and the share price performance reflects fair value there is no need to say more than you have to. When performance is good and the share price does not reflect fair value then there is an argument that management are not doing enough to communicate that performance to shareholders which is in the job description of CEO’s and Exec Chairmen. However, when you have a founder with a large holding they appear to do what they want with almost no pressure from NED’s. So, my conclusion is that Tom Cross will have to start improving shareholder value during 2019 from the current position otherwise he will open himself up to increasing criticism. Let’s hope he steps up to the plate.

Rumple - what an extremely odd post for someone who claims to be invested here at higher levels in your own words. There are always rampers and derampers working overtime when news is not issued when they expect it to be, that is what happens on AIM. There are multiple reasons why GH may not have issued another RNS which have been discussed on here at some considerable length all of which are plausible including being extra certain of the direction, size and full composition of the deposit. If there are talks with miners underway, the more detail the company have, the greater leverage they will have etc etc. No problem with your comment about GH credibility if results are not as expected but there are many more indications here of upside potential than downside potential so don’t you think as a shareholder you should drink from the glass half full rather than the one half-empty at this time?

Many shares are on their knees at the moment including IRV as people de-risk due to Brexit concerns which may become so difficult that Labour seize the opportunity to try to get back into power - god forbid. For those of us who rely upon free market economics and wealth creation to make a living that would be much worse than the sharp drop we have seen here over the last year or so believe me! I see opportunity here so have added another chunk on the drop again today. The company have issued an upbeat statement which is good enough for me and when the current political mess blows over I feel confident that we will see better times in the months ahead for IRV.

Important to remember that should there be any takeover attempt here on an opportunistic basis the market will get to know about long before us PI’s meaning that the short funds will have an opportunity to exit in an orderly fashion albeit fairly quickly driving the price north. Also, many of the institutions participated in the RI recently and indeed added to their holdings at a price well above £1 so I have little concerns that this will be acquired for a song. I do feel slightly concerned that our top team are technicians and nor savvy commercial types so hope that their advisors are doing what they are paid to do in terms of keeping on top of the risks here. Some of the tactics by the short funds over the last year have been scandalous so they will use a genuine company related challenge to turn the screw even tighter. Hold in there folks this will recover in the fullness of time, the company’s IP has too much value and someone will realize that in due course IMO.

Fully agree. I have contacted the author today criticising his shoddy journalism asking him to justify his piece. Doubt that I will receive a response though as i expect that he will want to forget that one given that he is THE BBC Business Editor believe it or not!! I have recently retired after a career in the City and this debacle is normal activity I am afraid to say. Only invest in small caps if you know what you are doing. Large caps cannot be played as easily but if you know what you are doing you could have bought on the fall this morning and made 15% in 5 hours which, for some, justifies the plan to spread fear amongst inexperienced investors.

Mullins58- No fear I will be the first in line to congratulate our photogenic CFO when she has finalized the funding deal which is taking a considerable period of time allowing the nice gain to drip back again!