Member Info for Dan1605

The general market is on life support C1p2d, in fact I don't think I've ever seen AIM in such a state. We have profitable companies sat at historic lows and we are no exception. There are virtually no retail investors, II are scaling back in fear of a recession and traders will only go where there is anticipation. Look at CGO, sp was sat at 5p pre production and now 20% lower, Angs was 1.9p pre production and now at 1.2p with revenues of 30m a year. The company has made mistakes but we can't entirely blame them for total destruction of the sp. To get anywhere near 2p we need support from the wider market which won't come anytime soon.

They're rarely are notrex, in the same way we sometimes never see a TR1.

They've taken it down from .90 Tamer, they're hardly likely to get caught out. AIM is rife with this sort of behaviour and I've it seen many times on ECR over the years. I'm absolutely not suggesting a placing here but i've seen it when a broker will use an upcoming placing to cover their position. Remember the sp shooting up by 70% last year? We were seeing 1m sells for weeks before that news dropped. That was a sure sign of somebody getting caught short.

What other theories are they? We've had a seller sell more than any individual is holding and no TR1.

Well the MM have dropped the ask down to .35 twice now and on both occasions heavily bought into. The 1m sells have stopped which is interesting, why would you stop now? Still no TR1. I stand by my thoughts that this is being taken down by shorts and I wouldn't be surprised if it was Novum. They had their nose purchased out on the last placing and this has dropped ever since.

It's good to see the MM taking stock over the bid. It won't take much to shift this.

It's down for a number of reasons, one being the UK economy heading for the abyss. The AIM market isn't know for it perceptiveness but even it knows all is not well.

Well we certainly have a good opportunity, it's a try before you buy on Hurricane which I've never seen before. We need to take full advantage, promote good results and find a partner. AH apparantly knows this land well, it's time to let him prove it.

We should be hopeful but we should also be cautious. We've heard these comments before, how many "Encouraging" samples did we get back from Creswick. We were also heard he same about Bluemoon "widths up to 15mtres". Be hopeful but also realistic imo.

I hope you're right daramuda. AS always gives the impression he has shareholders best interests but then again that's what he's paid to do. IF they plan to deliver value then why not set them at 2p? This is the magic number AS is shouting about on Twitter. My Twitter handle is Desperate Dan, look for the Whippet wearing a cap :)

Great post darmuda.

I'm good friends with Armani and regardless of what anybody thinks about him he's a great guy and has called this right. He is in regular contact with AH (for some reason he won't reply to me) and I have seen the emails. He was asked about taking a pay cut and the answer was "we've thought about it and it's a no". This is in my opinion is a lifestyle company until the BOD prove otherwise.

I've asked him about rig leasing options Mental, lets see if we get a response. AH is pretty helpful to be fair.

So they drop the bid on £500 of sells yet maintain the ask. Obvious what's happening here.

The sp was at .50 when those options were issued TS. The website shows no holdings by Phil and Colin which is my concern, coupled with the recent selling.

As for the rigs, we have the 2nd rig sat redundant. Now if you were strapped for cash you'd make securing a rental agreement a priority so why haven't they.

I think the whole thing stinks to high heaven, the more you look the more questions are asked. They are feeding us exactly what we want to hear in these interviews whilst AS throws out the odd Tweet on Twitter.

"We're cashed up for 12 months activities" - No we're cashed up for soil sampling and basic groundwork.

"Colin and Phil are long and strong" - so why don't they appear as shareholders on the website?

"We've had siginificant interest on rig lease" - so we are we two months down the line with no lease agreement?

"We can't buy shares due to closed period" - no but you can issue yourselves low ball options.

Another shareholder has emailed AH and he has denied receiving any requests for a copy of the register. The whole thing is starting to stink under AH and I hope to God that enough happens here for us all to get out unharmed.

Exactly Legal, I can understand why some are skeptical of the shorts argument but it happens. You have to ask yourself who would sell millions at this price, also bear in mind that it would certainly require a TR1, which we haven't had. The sp is being deliberately walked down.

A bit of both to be honest TS, Colin and Phil must be as fed up as we are so who can blame them for selling. There is definitely something going on with this order book, the volume of selling doesn't stack up. Also intrigued as to the timing of the AS "long and strong tweet". If they don't appear on the register then there are questions to be asked around the TR1's. I personally think it will be quite revealing which is why they're reluctant to issue it. Somebody on here suggested them loaning their shares for shorts, this is a possibility.

I've tweeted AS about the fact that my request for a copy of the shareholder register has been ignored twice. Companies are legally required to respond within 5 working days or apply to the courts under section 16. If no response within 10 working days I will seeking legal advice. This lot a reluctant to release a copy. I'm particularly interested in Colin and Phil's holding which doesn't appear on the website. Remember the " long and strong" comment by AS? Let's see.

Down another 13% how the f*ck can anybody be positive about this s*itshow.

I've yet to receive a reply to an email I sent to AH a few weeks ago. It appears that this lot only tell us what we want to hear. There's not a chance that they will take a pay cut, most of them have been milking this cow for years, there's no shame and zero regard for shareholders.

We really need to hear the plans for the rigs. Remember those "significant interest" tweets when the 2nd rig was pictured rolling into town. All seems to have gone very quiet.