Member Info for Damocles

A slightly different user name. Our new, positive galaxy has a fullstop at the end. He/She is indeed an imposter.

You're a busted flush. Transparent and all to easy to see through. Give it a rest mate because you are looking more and more ridiculous every day you post your absolute drivel on here. What are you clinging onto, and why?

I think he may be on the wrong board.

My understanding from previous statements from the company is GWMO have no intention of mining this. They want to prove up the resource and sell it.

I'm a bit circumspect about things at the moment. I held shares in a company that went wrong in all sorts of ways and eventually completed an RTO. That was all well and good, as the new company is doing very well, but the problem was the dilution of shares. For every 100,000 shares you had, you now own 40! OK, there were billions in issue, which isn't the case here, but it's my only experience of an RTO so far. I'm thinking the new company will grow, and in a way I share your optimism, but my enthusiasm is being tempered at the moment. We'll have to see what 'shareholder value' means to us long term holders. My one experience so far has not had a good outcome, so I would hope for better here. Maybe other people on here have had a more positive outcome and can let us know.

Absolutely. A happy new year to all in here, and a prosperous one to boot. I'm sure we'll collectively be a few pence richer this time next year, and as for our resident weather forecaster and general pessimist, a happy new year to you as well. Mally, you don't give up, do you, and fair play for your persistence, but it's time to move on to your next project, me thinks. It goes with the territory that you'll disappear like the morning mist when the sun starts to shine.

You are correct. It isn't worth 0.8p. It's worth a lot more, and will prove that over the coming months. Thank you for your input though.

Point taken. Sosandar is nowhere to be seen. As you say, it's not good, but I'm not bothered if this sinks or rises, to be honest. I humbly retract my earlier comments though.

Out of interest, I just googled Sosander, and I can confidently state your comment is complete and utter claptrap. Sosander, the new destination for fashionable women..........at the top of the page. Do you live in North Korea?

After the previous RNS when a MOU was announced, my view is that this is another positive step. I can't see why another broker would be appointed if they weren't going to be used. I don't see anything negative anyway. GLA.

where this company is based, is a haven of orange skinned women and middle aged blokes wearing pink pullovers and white slacks. I live nearby. Audi Central, and lots of ******s to boot. There is more plastic on the average person in that place than a jumbo jet. Just saying, like. Do you think they care? Conclude as you wish.

The only reason I've kept my shares is because it would cost me more to sell them. I'll have to live to be 200 years old to see any return here, though that's not a scientific evaluation. I could be 189 years old. No, this will eventually sink to the depths our glorious �150,000 a year former leaders took us to not too long ago for doing nowt. They have already stated there will be no dividend paid to shareholders for years to come, which leaves me wondering why a company with a turnover of less than a million quid a year needs millions in the bank! Salaries for directors perhaps? Us Oreites know the answer. Perhaps. It's just my opinion, but I wouldn't expect too much, but if they do well, I'll invest the few pence I don't expect to receive in a firework I'll truculently set off at midnight on the 2nd of January.

Hoping for �6 a share for me just to break even, LOL. Kippers and stitches spring to mind, but good luck to all who bought here recently. This is chocolate covered dog meat as far as I am concerned.

I don't know how long you have been here, but if you had an initial investment, say, 12 months ago with the AIM jockeys running this show pocketing their �150,000 a year for doing squaddly, 100,000 shares were diluted that left you with 400. We now have another dilution of 10 for 1, which means you now have 40 shares. There will be around 65 million shares in issue, and they expect a price of 15p a share when trading starts again, in a company turning over less than a million quid a year that won't be offering a dividend for years, as stated in the RNS. That equates to a company valued at �9,750,000, with no return for years, and a valuation 10 times their current turnover. If this was in Dragons Den, they would be walking to the lift empty handed.

100,000 shares magicked to 40 by the wave of a wand. Yep. I'll never see any return. Whatever happens, and we have been told not to expect a dividend for years, this is the only share I regret buying into as there is no hope whatsoever of me recovering my initial investment. Earthworms will have eaten my carcass a long time before then.

I'm sure we will have a profitable company with huge growth potential, but the one thing that concerns me at the moment is share consolidation. I've never invested in companies that are going for RTO's before, and around six months ago both SMA and another company I hold shares in decided to have a change of direction. Gold prospecting to on-line ladies clothing, and the prospects look very good, but for every 100,000 shares you owned, you now have 40. I'll not recoup my investment there for decades, if I live long enough. Admittedly, there were billions of shares in circulation that have now been reduced to around 65 million, and I'm not expecting that sort of reduction here, but it does leave a doubt in my mind that our RTO may not be too favourable to long term holders like myself. Looking at the last couple of days trading before our shares were suspended, there were many trades in the millions, which leads me to think a consolidation is on the cards. Maybe I'm being too pessimistic, possibly I am, but I would hope our RTO is much more favourable than seeing 100,000 shares reduced to 40! We live and learn, but it's a real doubt at the moment.

Yes, it's going to be interesting, and I'm looking forward to the future. There seems to be forward movement now, and I don't think it will be long before we find out what is happening. I have a large holding here, and as you say, the Indian market is huge, so with that in mind, and a healthy profit from our activities, I'm hoping for a decent dividend. I've splurged a five figure sum in here over the years. I'm not expecting it to take off immediately, but over time, I expect my patience will be rewarded. With GC's track record, I can't see any other result. I could be wrong of course, but profit is the reward for risk.

I wouldn't call it a roller coaster ride, more being becalmed in the doldrums! I first bought in here when the price was circa 3p. It's been a long wait, but I've averaged down over the years, which defies logic really, but sometimes a lack of brain cells and blind faith can reap rewards.

Some positive news at last. I've stated before I'm intrigued about our future, and the RNS hasn't changed my optimism. This will be a new experience for me, as I have always invested in start up mining exploration companies, but we will soon own shares in a company earning money, making profits, and paying dividends. Hopefully, anyway, but with GC's record I have no reason to doubt that. I just had a look at the share trades in the few days before sales were suspended, and most of the trades were for millions. It's difficult to know just by the colour reported on here if sells are sells and buys are buys, but the volumes indicate to me a confidence in the future of this company. I expect the coming weeks will be very interesting in many ways. I've been here for 5 years now, and I'm hoping my patience is now going to be rewarded. Good luck everyone.

It's a good question. Speaking for myself, I'm not thinking about a share price as I just want this to move forward. With that in mind, I think the BOD have the experience and acumen to deliver something positive. This company has been in the doldrums for years and I have a quiet confidence something good will be revealed in the coming months. I could be wrong of course, and this share disappears into the ether, but I don't think that is going to happen. I think good news will be released in the not too distant future, and given the calibre of the BOD, it will be onwards and upwards from there, but that is just my opinion, I'll be mightily disappointed if that doesn't happen as I have a lot invested in here, and for a long time too.