Member Info for Chicmiller

What happened to m1 m2 m3 etc etc , are they now ditched. Now it’s zones. Turning into a joke this company

Keep up with the good positive posts qr786 , he’s just unhappy all his de-ramping buddies have disappeared now the stock is rising

And also all the negative posters and shorters seem to have disappeared probably because there work is done. I’m in at 1310 average and think this will hit 1500 easily followed by 2000 in the coming months as the ii’s are now long and they call the shots

I think mw and the institutions where probably colluding to drive the price down for the ii’s to get the shares very cheap as they new the owners where being forced to sell in January, that’s why they released the report in December for maximum impact. The two forced sellers have lost hundreds of millions because without the mw report they probably could have sold their shares for £22 instead of £12.

Have a buy order for 1450 then 1350 then 1250. think I’ll cancel that now , got no idea what’s going to happen to the share price now

So exciting I can hardly contain my excitement! Note the word expected (twice) and continues to strategically align the project for development on the back of the high nickel and palladium prices. What utter tosh!!

So no mining, a loss on dear old Ooh Err Misses……what about cash? We are told that

The Company….will need to raise further capital in the future.

Too bloody right: Net Current assets at the half year stage were MINUS $1.02 million and the dwindling cash was just $78,000 as at the end of September (the period end). Given that the company reported losses of $230,000 for the six months, it is surely teetering on the edge of insolvency now, three months later. What it the company paying the bills with? How can the company pay for drilling and exploration? Even licences have to be paid for….with what?

And with $2.67 million of its $2.74 million of non-current assets down as intangible assets, I suggest that the stated total equity of $1.7 million will look very different if the administrators come a-calling. Yet somehow this total crock is worth £1.4 million – I’d say that overvalues it by…..£1.4 million.

I’ve seen enough! Mega-dilutive bucket-shop Placing or insolvency ahoy, massive shareholder value destruction and anything to do with Management Resources Solutions is an automatic Red Flag anyway.

Sell, Avoid like the plague, Bargepole!!

Last week AIM-listed Inspirit Energy (INSP) released results at no-one-is-watching o'clock, on Christmas Eve Eve. It seems the trick of avoiding ************* scrutiny by releasing bad results the day before good days to bury bad news is spreading, for yesterday – New Year’s Eve Eve - at 4.23pm came interims from AIM-listed URU Metals (URU). Except ************* was watching, always keen to highlight news that companies don’t want you to see. And oh dear, oh dear…..

URU has featured a few times here on *************, under the scrutiny of Cynical Bear. In May 2017 he described it as a company which preferred to mine its shareholders rather than the actual shiny stuff – the share price then was trading around the equivalent (taking into account a 1000:1 share consolidation in November 2018) of £22 a pop. It seems he was right, for they now sit at just 185p. Welcome to the 90% club!

And if mining its own shareholders was not enough, the company yesterday reported on its other mining activities – that of mining shareholders in Management Resources Solutions (MRS) which appears to have hit a few problems (to say the least) and looks horribly like a total loss.

As for actual mining – you know, digging holes in the ground and telling lies, as attributed to Mark Twain – well, we are told:

Zebediela Nickel Project

Good progress continues to be made on the various licensing aspects of the project. An application for a mining right over the Zebediela Project was made and accepted in August 2019. The mining right application was submitted over the portions of the four farms that comprise the Zebediela Project, namely portions of the farms Uitloop 3 KS, Bloemhof 4 KS, Amatava 41 KS and Piet Potgietersrust Town and Townlands 44 KS, totaling approximately 4,661 hectares.

Er….so no actual mining then?

A major component of the mining right application process is the environmental authorization process, which consists of a scoping phase and an environmental impact assessment phase. The public consultation process for the scoping phase ended on 02 December 2019 and a public open day was held on 14 November 2019. Over 103 interested and affected parties ("I&AP's") attended the open day and the comments received were incorporated into the Final Scoping Report which was submitted to the South African Department of Mineral Resources and Energy ("DMRE") for review on 10 December 2019…..

Yadda yadda yadda….in other words this has a million miles to go before an actual mine sees the light of day. But it is all incredibly exciting:

A positive response on the submitted scoping report is expected from the DMRE in Q1 2020, whereby the Environmental Impact Assessment phase of the Environmental Authorisation will commence. This is then expected to take about 12 months to complete. The team remains excited about the progress made on the project and continues to strategically align the project for development on the back of the high nickel and palladi

Why didn’t I buy in under £2 , gutted.

Nice 2 million Christmas bonus for the staff for all there great work this year, well done fully deserved.

Back in for my first tranche at 194 , 2nd tranche set for 180 if I’m lucky . Ex divi in 2 weeks, what a bargain of an Early Christmas gift Thanks shorters

Once again, as happens several times each week, the word vindication springs to mind. You cannot say that you were not warned countless times, right from the time of its IPO to the near reading of the last rites today, that this crock of **** would end in tears. That moment is almost upon us.

You will remember that, in early September, Management Resource Solutions (MRS) announced that administrators in Australia had seized control of all of its operating assets as Management had defaulted on a loan it had only taken out in May. We have been assured numerous times since that there was a workaround possible in the land of High Culture, but now the grim truth is apparent. There is more chance of me shagging Cheryl Cole this weekend than of Management surviving.

The administrators have rejected a proposal from Management to buy the assets largely because Management has not got any money. The administrator will now try to sell what it can for what it can but the assets look to be in poor shape. We are told “The administrators will advise staff in the next few days of the wind down of operations of MRS Services Group Pty Ltd, with all staff likely to be terminated on 29 November 2019 or earlier. The wind down of Bachmann Plant Hire Pty Ltd has begun with employees being made redundant this week and contracts being brought to conclusion. A minor team of staff may be retained on a casual basis post 29 November to attend to asset relocations and accounting functions.”

So that leaves Management Resource Solutions, the PLC< with no operating assets, no other assets just liabilities and the ongoing cashburn from PLC costs. We are told “The board will now urgently explore other options for a solvent future for MRS in order to avoid liquidation.”

Don’t hold your breath. It is not as if this is a shell pregnant with cash. It is a shell preganant with liabilities and whose name and board are toxic. It is worthless. The merificul approach would be to take this disaeased and wretched AIM nag for a one way trip to the administrator’s glue factory as soon as possible.

The administration process might at least resolve a few issues for AIM Regulation and the FCA to consider. For instance the vast number of shares issued to buy the clearly related party Alerion business earlier this year. What is Alerion really worth on an open market basis?

My instinct is that it will be sold for more or less nothing or just shut down completely which would surely then be a matter for regulators to investigate with reference both to the company’s directors, notably former chairman John Zorbas, and also to the Nomad who signed off on the deal, the china fraud specialist, Mr Paul Shackleton of Arden. If the demise of Management allows regulators a chance to purge the Casino of a few “bad pennies” that will be some consolation. But of course that will not happen will it.

Once again, as happens several times each week, the word vindication springs to mind. You cannot say that you were not warned countless times, right from the time of its IPO to the near reading of the last rites today, that this crock of **** would end in tears. That moment is almost upon us.

You will remember that, in early September, Management Resource Solutions (MRS) announced that administrators in Australia had seized control of all of its operating assets as Management had defaulted on a loan it had only taken out in May. We have been assured numerous times since that there was a workaround possible in the land of High Culture, but now the grim truth is apparent. There is more chance of me shagging Cheryl Cole this weekend than of Management surviving.

The administrators have rejected a proposal from Management to buy the assets largely because Management has not got any money. The administrator will now try to sell what it can for what it can but the assets look to be in poor shape. We are told “The administrators will advise staff in the next few days of the wind down of operations of MRS Services Group Pty Ltd, with all staff likely to be terminated on 29 November 2019 or earlier. The wind down of Bachmann Plant Hire Pty Ltd has begun with employees being made redundant this week and contracts being brought to conclusion. A minor team of staff may be retained on a casual basis post 29 November to attend to asset relocations and accounting functions.”

So that leaves Management Resource Solutions, the PLC< with no operating assets, no other assets just liabilities and the ongoing cashburn from PLC costs. We are told “The board will now urgently explore other options for a solvent future for MRS in order to avoid liquidation.”

Don’t hold your breath. It is not as if this is a shell pregnant with cash. It is a shell preganant with liabilities and whose name and board are toxic. It is worthless. The merificul approach would be to take this disaeased and wretched AIM nag for a one way trip to the administrator’s glue factory as soon as possible.

The administration process might at least resolve a few issues for AIM Regulation and the FCA to consider. For instance the vast number of shares issued to buy the clearly related party Alerion business earlier this year. What is Alerion really worth on an open market basis?

My instinct is that it will be sold for more or less nothing or just shut down completely which would surely then be a matter for regulators to investigate with reference both to the company’s directors, notably former chairman John Zorbas, and also to the Nomad who signed off on the deal, the china fraud specialist, Mr Paul Shackleton of Arden. If the demise of Management allows regulators a chance to purge the Casino of a few “bad pennies” that will be some consolation. But of course that will not happen will it.

That’s how quick and brutal it can be on aim. Uru could easily go the same way if zorbas wanted.

If these guys want to pump gwmo then great , buy in now and wait for the rise then dump before they do. Don’t see the problem with that , just gamble with what you can afford to lose. I’m in so let the rise commence

Just noticed this huge sell , I guess that will be webley then.

£300,000 wont get you much drilling , probably need another placing pronto. That’s probably why they appointed a new broker.

In at 160 for my first tranche, 145 for my second if I’m lucky. Good long term share for my SIPP

Still has another 100 % to drop

Just need another fake jorc to boost the share price.

Hl are will to sell me £10,000 worth at 0.16 so there’s a lot of shares available. Not that I want them I’m not crazy