Member Info for Davemcmanus

Filteraway, you won't be missed you fool.

Agreed, that was my initial though. Also going by Bebeto's posts total debt incurred is £11m, whilst these so called funding talks were happening, but that's more than the $7.5m packaging that was bring pursued. And yes the absences of accounts, followed by Robbie's sudden departure

Sw1000 what are your suspicions on the loan money?

Jersey it maybe your opinion, but it's nothing short of nonsensical, not least because it isn't supported by any facts.

You're the sane person that was cheerleafing Robbie, and how he was going to get this funding sorted, yet disappeared when it looked like things were going under.

People have real money invested in here,it's been a hard 18 months for most, they wouldn't do without you getting their hopes high, when you yourself don't know how thongs will play out.

Grow up!

Not meaning to offend btw, just please show some courtesy to other investors.

Jersey-give it a rest pal. We haven't even seen the restructuring plan, and here you are continually telling everyone things are OK. The accounts have not even been publish, nor do we know what recapitilsation looks like.

I agree with the comment from the other posters, old investors might not get anything, hence Robbie bailed so he doesn't have to face the music.

Yep as I said in an earlier post, I'm also confident it will come back on the market, just not getting my hopes high on what that's going to look like for existing investors.

Your numbers looks good in theory, and appreciate the time you've put in. But let's not forget it is just theory, this resource worth millions is not paying the bills currently. We're having to raise negligible amounts (compared to perceived resource value) just to keep the lights on.

Jersey it was just an example, I wasn't saying it was guaranteed to be 20bn shares. Also the price still remains unknown, though I'd expect it to be a discount from 0.003 given the amount abd urgency. Time will tell

@hodgeyd

Getting back a fraction of you put in after the dilution, is nothing in my book but each to their own. Alot of the old investors are in at 1p+, don't see it getting there anytime soon. Of course the dilution level is unknown at this stage, but still won't be pretty.

The fact that you don't understand the simple concept, says alot really. All your posts is based on the most optimistic scenarios, the same pack of lies that Robbie was feeding. If it was as good as a project as you make it out to be, they wouldn't have had multiple funding deals fallen through, and resorting to recapitilsation. But obviously you can't see it with your rose tinted glasses.

They aren't even producing and you're talking about the high POG amongst other things.

If there is a 90% dilution here for example, to convert the debt, raise the finance etc....that takes the shares in issue to 20bn. Let's say there is share consolidation of 1 for 5, meaning someone that invested £10k at 1p would now only own 200k shares.

They then need a massive £200m cap just to get break even, which is very unlikely to be achieved. I know it's possible in your world, but far from realistic. I know you're going to cone back with some made up production figures, but that's all hypothetical. This is the same company that said they would be producing 2koz a month by the end of 2022!!!! Your figures mean sod all at the minute.

"For current investors to get nothing, the company must fold."

Jersey That's the not correct. For current investors to get nothing the compsby doesn't have to fold, it just needs heavy dilution. The number of shares in issue along with any share consolidation will determine if current investors will get anything, it has nothing to do with MCAP, POG or anything else you keep going on about. Until the extent of dilution is known, everything else you mention is irrelevant. Save the ramps for the relist!!

Things will be not be as rosy as you're them out to be. Very big risk of getting nothing here, and until we're told otherwise, it's best to assume that will be the case. It's a fair conclusion even without the full facts, given how things have played out over the last three years. Not a single funder willing to put their cash on the line, says something.

Because they are talking about recapitalisation, which normally mean heavy dilution, virtually wiping out current holders.

The term has changed from funding to recapitilisation very recently, if you hasn't noticed. So looks like there is very heavy dilution to come, virtually leaving current holders with next to nothing.

That's my concern too Bebeto. People are getting too carried away on a relist, which by the way is looking likely now, but not taking into account the fact that current holders might get nothing. The new investors money will reap the upside.

It has been a disaster, don't think current investors will get anything back with the amount of dilution involved. Thoughts?

I'm surprised it's still down here, with this ground breaking news. Looks like a deliberate drop from the MMs to get some cheap shares, before we take off like EMH.

Khreds- re the suspension it's merely technical. Robbie made it clear it was nothing to worry about, it's just the fact they've all been busy trying to sort the funding and it slipped through as they don't have a dedicated CFO.

They only released the suspension RNS after their meeting on Tuesday with the FCA re the prospectus, at which they happened to mention to them they would be slightly late with their. FCA insisted that a RNS go out to that effect.

Not sure if anyone joined the Telegram Q&A, but Robbie has confirmed the funding is secured and details will be released very soon. This updated mining plan was the pre-requisite to securing the funding, just a matter of lawyers signing things off now. Will be back above 1p very soon.

Also confirmed prospectus could be approved next week, as they had a meeting with the FCA on Tuesday and nothing of note was highlighted.

Great buying opportunity down here.

Can you ambulance chasing jerks please see yourself out? I'm not interested on your claims, thanks but no thanks. Let's get some real discussion on this board.

As for Sang, he's the lowest of the low as is masterbates.