Member Info for contrarian123

Hey diehard I have a system, it has served me well but you need to have a stomach for it. What I do is blindly bet on draws during the world cup. I start with amount X and keep on doubling up until a game draws and I win. You need a strong stomach for it as I remember a competition where it took 13 games for the draw to come through. Bit of fun. Odds must be greater than 2.0. When I win I rest back to starting bet amount.

Indeed Stevie

Tones I don't like your Tone(!) therefore I will be reporting you to the mods. Thick I am not. I am just cautious and not trusting the management. You quote is all about could, should happen. Principles such as "at arms length" are fine for RPTs but they are principles. I am interested in practice and this is yet to materialise but I have a feeling it will. I am sceptical. May I remind you that larger companies involved in accounting scandals such as Enron, WorldCom and others were supposed to conduct RPTs at arms length, but in practice benefited principals involved. It is usually difficult for PIs to differentiate and understand legitimate RPTs from illegitimate ones. Again I am not suggesting this is happening here but caution is merited as this is not a highly regulated market. I shall not be selling up however - I keep my shares in this one and hope to be proven wrong. Meanwhile no-one including you self will intimidate me, so next time you address me be more respectful.

Costs have decreased I agree but the volume of work is not as great as once was - They got a nearly ready mine with very low price. Great. My problem is not there. Read carefully through my posts. The audited accounts list related party txns. How do you know they are fair market price? Are you in the business? Do you have a benchmark? How do you know they cannot make a profit? Each business as its own entity must look after itself.

Tones all you have to do is to look at the related party txns. I have read all of the RNS's. There is a way of extracting profit as costs for exploration, management, equipment hire etc. etc. How do I know they pay fair market price. They even charge for the use of the company jet. There are ways to extract profit without paying a divi.

Weapon7 I am not a troll and before you start accusing people please engage brain. Mods are not too far away. As I mentioned in the past it does not matter how well the company does and it will. The related party txns will suck out any profit for the benefit of Mr MNG's companies. Not PI's. Better returns at the bookies in my opinion :)

I do not doubt for one minute the ability of the company. I think they are great. However they will not make any money for PIs but only for themselves. You can quote as many numbers as you like and I will not doubt you. Yes this is a success story as a turnaround play but for who? Keep on dreaming

Keep believing - Good news today and investors are piling in. I see huge volumes being traded and a massive % rise. Oops sorry meant the above for another stock. Gold on a downward spiral, ASO related party transactions will suck out any profit to majority shareholder, history is repeating itself. You have more chances on betting on draws in World Cup games and doubling up on the next game if previous loosing than making any kind of profit here

Yeah I agree with you Norrab Tome is an expert at generating revenue for the trading platforms and sustaining the NHS

Keep it up - You'll make some great friends here no doubt! I prefer to silently watch rather than reporting micro share price movements, wishes for a blue day, giving others a daily run down of where next for my divi fix and throwing 3 letter acronyms to absolve myself of borderline trading advice.

Oh great! You made it to this board too. Looking forward to the daily run down of micro share movements, wishes for a blue day and updates on the latest poster you have filtered out of your feed. Welcome again

Hi OrmyLad I am invested here and sitting on a paper loss with a 4 figure sum. With my finances this is not a great loss as I am lucky enough to have a very good day job and other investments which are paying handsomely, unlike this share in the AIM Casino. I am therefore following this board purely as a lesson in investing life. I have been in here since there were some really insightful people contributing who understood mining (I suspect some where in the business in the past lives). The previous management were absolutely dire the Ebola outbreak did not help. This may also happen in the future. Regardless however I am amazed by the people who cannot see past the headlines announced by the current management and fail to look at the how this company is currently structured and how it manages to extract any kind of profit for the benefit of themselves. If it was my own I would do exactly the same. So to conclude. Yes I am kind of stuck but not suffering from it. I am here for the lesson and also the little chuckles I have by watching ever hopeful posters trying to "ramp" (in the nicest possible sense) this one up. There you have my reasons now

All the good news in the world won't lift this one up. The current share structure and related party transactions are all geared up for making money for the majority shareholder not for PIs. This is my opinion. Previous management performed extremely poorly coupled with a few mishaps which could have been managed better. Thus current owners came in and swooped it up at a bargain price.

Where do you see the price and when Franko just wanted to know what insights you have or is it all hopes and expectations? I have a hope for world hunger to end.

A stellar rise this morning on the back of the daily rag push! - Things are looking rosy! I don't do sarcasm well but I hope it has come across

Don't you wish CNA had an activist investor, like the one Barclays has, that was willing to take to task the board and get some value for the company through synergies elsewhere? This tanker needs to change course fast even if it means a significant nudge by a barge

Horses for courses Noody DRIP depends on circumstances. I agree with your strategy but there may be much younger investors with not so many funds and with a 10 year plus horizon who are disciplined enough to use this strategy. Long term it makes sense.

I haven't verified it yet but apparently one of the statements in the AGM going on now is that the Directors will forgo their bonuses. They say it is because of bad performance and with the usual caveat that a lot of it is outside their control

The new team that is managing has not come in for the sake of PIs. It has come in to make money. The vehicle is a listed company on AIM with little regulation. There are ways of extracting money out of companies by using other companies belonging to the group and related party transactions. This company is unlikely to make any big gains for PIs

Looks good - Erring on the side of caution as usual but increased profit guidance - Next is one of the survivors of the retail cull