Well they definitely managed to trap a few mugs at 17p, and now 2.95p. Lol.
While I hoped we won't see sub 3s again, and here we're at 2.50 surprise surprise...
I won't rule out 1p, though it seems extreme.
Keep your piggy bag ready Chicken!
Chicken-
It suits them to depress SP as low as possible to attract a few crony partners. They've no choice with their track record and zero credibility.
While some people here are thinking....Anza drama will conclude quick? Quick...quick...Lol.
I doubt it would be that quick...as the PDAC is due 3-6 March, they will negogiate, comes to some terms, then of course Lawyers will take their time, then some possible partner and new agreement will take months to resolve...again Lawyers.
It suits them to lower the SP to 1p. Salary is secured for another good year.....so no pressure.
Irony was they were not confident that they can do placement in the future so that they had rush for it.
Meaning- more bad news and delays on its way. That's how I look at it at the moment.
Rob-
Agree, and to get there (raise/ reach to potential JV partner who could stump huge cash in)...these vultures are capable to sell the bones of share holders, and reduce SP to 1p and under.
And it doesn't affect their pay packets or pockets.
The script is plummeting to new lows everyday...salary pot is covered for this year and they can continue to delay any conclusive commitment till SP drops to 1p.
Goody bag is now ready for the window display to attract some partner at cheap. With their zero credibility track record I doubt any partners will snap a deal without hard bargain.
Break- As per TP, Newmont will continue to hold 14% to keep their fingers in the pie with first option rights. I doubt that will be part of MMA deal.
Directors buy won't happen for long, if ever.
Last warrant strike price at 25.5p was never fully exercised....
So essentially they're signalling....get out at 4.30p in next 2 years?
Only way is to average down which I've been working on for months since that fatal day on 2 Dec' 22.
Not really, I hope the SP scale up to £1 at the opening bell tomorrow morning...
Invested here for years...and will continue to add under 4p.....that's the only way a lth can rescue themselves out of this for as long as these baboons rules...
Does that helps you??
Where is the proof, and who can prove of what (if any) work is carried out in Brazil, Argentina, and Nigeria so far?
It is just their word and a few photos of Tin sheds!!
Of course Brad won't tell market of what he does on other projects while he's brushing his teeth.
Pure ignorance.
Break- £500k imo is purely done to please TPI/ private investors which will also help BoD to raise £700k through warrant before 21st Feb'26. More cash in kitty to cover for salaries. No pressure for another year to run the show as usual.
AGM 19, I do remember Ignacio said that we have good project, and contract. At any point if they chose to walk out....they've to drop everything as it is including equipment and data.
So I'm perplexed where is this $16 mil or less figure is coming from?
Plus, Brad has said on numerous occasions of they've been working at vanity projects and news release was expected long back. So this £500k to convert passive to active exploration is another lie, they already have predefined data (news flow to release) which they will when it suits their agenda.
They re-elect themselves with zero votes against...
They sweeped Continental IP (our only major investor except Newmont) selling under the carpet without informing the market and that's another red flag to me.
They've ziltch credibility in the wider market and TPI will continue to exploit the situation.
It helps the cronies.
If anyone thinks that Anza resolution is coming soon as per TPI report...I don't see it. Feel free to correct me.
As per their position to cover for a year forward....they've £1.4 mil in the bank (if you believe) and have raised a gross of £500k for the so called vanity projects with predined work in place and/ or ready made data to release off the shelves when they're ready to spin some updates.
I believe...TPI got what they wanted to please their Wonga loan investors who very kindly agreed to donate the shady £500k which wasn't required for any other reason but to pretend it has strengthen the balance sheet prior to PDAC for this Baboons who holds no credibility....in real life, I would not want them to move in my area.
Anza resolution to me is several months away and not weeks.
Moving forward, they will ramp all they could to exercise 16+ millions at 4.43p...not a small volume to flush without denting SP for long.
SP could retest 1.50-80p I always feared for.
Brad will put some spin again in next week or two.
And I agree with Seingred, they've no credibility here or wider markets....and imo they will remain at knees to Agnico or keep entertaining Wonga money.
TPI and BoD may start pump soon. Warrants can generate another £700k....so whether they will need to raise money in next 12 months or not is up for trust/ debate.
I don't trust, but it has certainly bought more time for the BoD to mess around without losing their pay packet this year for sure.
3-4p has always been my zone of adding more...whether it was 4-5 years ago or now...although I was far more confident then now and rightly so it did climbed to 45p....
This time around, I've been adding more to double my holdings towards 2m...crazy I must admit.
I may end up holding it for another few years at this rate...
Gamble it for long term with my hearts content...AIM has never given me easy money....have seen this alot at GGP too....
Key difference was not only territory but the BoD...
And that's as much as difference between the light and day.
These BoD has not done any favours to anyone...and if I wasn't not a gambler....I would not be here. As on AIM, it's not about rational thinking, but be mad as part of the herd, and risk some thrills on its way.
I hopefully see some rewards at some point.