Member Info for Dan1605

Most shells are worth £1m with little to no cash which can be used as a baseline, hence why it bounced around that level.

Before the head off into the sunset they have to sell the shares.. or have you forgot about that part? Even you know there's not enough volume to sustain that level of selling.. unless they're planning on selling at a loss which p*sses on your theory.

It's just hit a 52kw low so what reasons are there to punch the air?? I can't imagine Maximum being happy converting at 0.33, was this the real reason the deal was called off?

20 years in the market and I can count on one hand how many investors I've met with genuine concern for others, none posted on BB's. Those, particularly those that take the time to post on a Saturday morning clearly have a motive. It never fails to amaze me to see punters spout bile after they've sold, money really is the route of all evil.

The sp should be much higher, the market condition can only take so much of the blame. There is a lack of trust simple as, the company is peppered with red herrings and there is a consensus (rightly or wrongly) that some on the outside have been given a nod and a wink.

The next 6 months will be telling.

the reason the sp is on its **** is because there is no reason for it not to be, the market just isn't having it. the mention of a possible "jv" mentioned at creswick in the last rns should have sent this above 0.30 but it didn't because nobody believes it. until they start producing some gold this is going nowhere. there is huge potential here, if it can be executed, quickly.

I suppose you're here to save us all Rooferman... on ya bike.

If you hadn't announced to that you had sold out Santiago I'd give your posts some credibility but as you're only here to justify your decision I'll treat like the poison that they are.

The company is valued at £1m and is essentially a shell with Mako thrown in. Nobody knows how much cash they have but I suspect it will sit at this level until we hear more. Talk of administration is bollo*ks, if they can cover their share of the costs then they have an asset worth considerably more than current value.

They've raised £2m in the last 3 months, if the BOD has any competence they would have raised enough to cover their costs of Mako as a contingency. We'll soon find out but it looks like another placing is being worked. Like I said, punters can't resist a dangling carrot.

" Trust is now dead, and the market will not back them anymore"

You're talking nonsense, there will always be a punter willing to take a placing.

Move on then Dv....

It never fails to amaze why those that have sold out hang around like a bad smell, wishing/hoping that the company goes to the wall, I've lost money so I hope everyone does. This is my 20th year in the markets and nothing ever changes, pathetic.

You've sold up Steveo so why are you still here?

There is something not quite right here and the selling at this level should be concerning.

"There's 666 million placement shares to churn before this goes anywhere"

Do yourself a favour...sell up and close your trading account.

I'm an ex holder here looking to get back in after some time out. Paul Welch has yet to prove himself, so far he's done the opposite of what he's pledged. He's only achieved what any entrepreneur could, he's simply finished off the job Lofgran couldn't be bothered to finish.

The oil price certainly isn't helping and at some point in the next 6 months this will see itself back at 0.03 regardless of Welch's competency. Sit and wait.

If I had a quid for everytime someone said that shares couldn't be sold as they hadn't been issued.....

The price action has been fishy here for months, I suspect the City slickers became aware of the placing before the last update hence why we're back at this level and what "seems" like a good price.

That said, it's a necessary evil and if they have hit the motherload it will become irrelevant.

Another multi ID parasite who has been rolled out at some point.

Its good to see PEEL on the bid, hopefully its not short lived. Those who took the placing will not be in this for 5%. We have updates on the other zones due.