Member Info for Dee12345

Secker is now Director of Bacanora Lithium Ltd - Which is now a subsidiary of Ganfeng.

He sold us all out with the left hand, whilst signing a contract for a new job with the right hand.

Yet somehow he probably hasn't broken a single law or regulation.

You had 559 days to decide what imminent was.

Chris, if you scroll back, you should see plenty explaining why things have been so slow.

Https://twitter.com/GungHoStocks/status/1724915011141702069?t=vsFRD0xi_XBwODO5IwA0tA&s=19

I do believe a takeover is coming. It's either that, or get diluted to death.

It's a 4 month stoppage. So as much as it looks primed for a takeover, it's also possible to try to use that money to raise.

From Private Shareholder to Private Shareholder (I want to see others do well)...

What you want to do at this stage is ensure you're not seeing a dilution, and THEN a takeover.

I tend to post quite often about management I don't particularly care for, and someone who claims to work as a contractor has responded to know if the project will be taken over etc, as they have their livelihoods at stake.

What I know so far, assuming this is a legitimate comment:

1. 100% of work hasn't stopped. He said to me around 80% of all work has stopped.

2. Today is a national holiday in Brazil - They will all find out more about the situation tomorrow. I asked him to keep me appraised, and I'll ask him should he have any updates.

Lastly, it's not easy to hear, but there's more to life than money. Hope you're all doing okay.

It was myself the chap got in contact with.

Bear in mind:

1. English isn't his first language.

2. He's contracted to the job, but it doesn't mean ALL work has stopped - Could be the particular task he's working on.

But he certainly messaged out of concern for work stopping (as would we all).

There were no shares available earlier today. So it was pay full ask, or pay more later on haha

You've got it in one, Wasa.

You can't really make money following the herd, and being a contrarian investor is difficult - Where the herds are shooting something down, and talking it down non-stop... That's generally where you should start buying.

Granted, it's not an exact science, but on the larger trend it does seem to work.

This company hasn't hit any of my red flags, and my red flags are where I look to close positions early... NOT Price action.

I too, have a little too much in here, but I'm not overly concerned as sub 3p is the place to be as greedy as possible. Absolutely agree with you on large churn at 3-3.5p, and again at 5p.

3-3.5p is where the largest volume of shares have been traded. Also considering how by and large, people behave on sentiment alone, it's where stale bulls will break even, and those buying in at 5p will deem it to be an place of 'acceptable loss'.

5p churn speaks for itself, as it's where a lot of the 5p buyers will see break-even points.

But you know, on the flipside - Many who bought at 5p, sold at 1p, laughed at 0.4p, and cried again at 1p will likely be buying again at 5p again.

It's stupid, but it's sentiment and the markets. Until such time as MB fails, graphite thesis fails, or Tanzanian Government fails... There's nothing here telling me to stop averaging down or to sell.

First of all, this is a HUGE stepping stone.

Nearly 559 days ago on 12 May 2021, BKT received approval for their investment from POSCO.

Now, we see the first stage of their finance package signed off. The near $60 Million commitment from the South African Bank will be huge for the region, and infrastructure development. It's NOT the entire package, as BKT will now look to additional lenders, POSCO, and an equity raise to fully complete their funding package.

This initial commitment for a huge chunk will make it significantly easier for them to complete finance and get the ball rolling for the entire region.

Huge positive, and once the finance is signed off, as I've said before - I'd expect MB and ACP to start newsflow within 3 months of BKT fully signing off.

You said you wanted to see us all get taken out at a low price..

And you used the word YOU... twice.

Yes you expect us to believe you haven't sold...

I'm certain many are more than happy to agree to disagree...

But for the 559 days we've been hearing the same thing, over and over and over and over.

This would stop imminently if the same point wasn't repeated on every thread here by a certain person. All points have been addressed on multiple occasions, and explained by multiple posters in multiple different ways.

Yet we still have to read the same post over and over again.

"Firstly how do you know I was in profit?"

Because we can look at the share price charts HAHAHAHAHAHAHAHA

It took 559 days from that date where you couldn't be in profit had you bought in on the back of that announcement.

Surely you mean in 559 days?

Quite despicable to wish ill on other traders/investors.

It makes perfect sense that you've sold out, and are now bitter.

But I fully understand why you're upset.

Sunday will be 559 days from the 559 days you had to sell.

13th October 2020 - 25th April 2022 = 559 days

25th April 2022 - Sunday 4th November 2023 = 559 days

You're basically had another 559 days to reflect, and I can fully understand why you're so upset.

Just don't dial extension 559 because it takes FOREVER to get through.

AmTech, you seem a bit agitated.

You could do with a cup of coffee.

That'll be £5.59, please.

*ring* *ring*

Disgruntled Trader: Hello, FCA?

FCA: Yes?

DT: I found a forward-looking statement that caused me to lose money. I want to make a compliant.

FCA: How long after this statement did you feel wronged?

DT: 559 Days... But they used the word IMMINENT!

FCA: Hmm... And what happened after 559 days that led you to have an issue?

DT: I started losing money. But that's not the point. They used the word imminent!

FCA: Please hold for 559 seconds.

FCA: Well it seems as though you had 559 days to sell at a profit, and you chose not to. Is there any particular reason you didn't take issue with the statement then?

DT: Because I thought it was imminent, and I was telling my family how great a trader I was.

FCA: So now that you're losing money, you're just looking for someone to blame, but when you were making money, it was of no consequence to you?

DT: YES! That's exactly it! It's all their fault. Thid is all because of their statement dated October 13th 2020. Can you please process my £559 refund, please? I need that money imminently.

FCA: I'm not sure if there's anything we can do to help you. Especially if you did not seek financial advice when making this trade. If this is still not resolved for you in 559 days, please feel free to consult The Treasury who should respond imminently.

*click*

I think it also comes down to the fact that it is difficult to get permitted in Greenland, and a PEA tends to offer better figures than the PFS, which in turn will offer better figures than the DFS.

It's the Capex to NPV ratio that is the issue, and with banks getting stringent on contingency funds etc (i.e. HZM) there's still a lot of work to be done here.

Apparently on 13/10/2020 the board made a statement about progress being imminent.

Shareprice hit a high of 4.5p.

Now assuming a trader would trade on this news being 'imminent', I would hazard a guess that they imminently bought in.

Now how long is imminent?

A week?

A month?

At what stage does a trader say : "This isn't imminent!"

You see, after the above statement, the shareprice hit a high of 6.4p a whole 236 trading days later! That's 340 da calendar days for a trader to take a step back an say: "This isn't imminent, I was misled! I'm going to sell!!!"....

From the 13th October 2020, it took total of 389 trading days, and 559 calendar days for a trader to see the shareprice fall below 4.5p, giving ample time to say to themselves: "This isn't imminent.. I don't trust the BoD... I'm selling!"

Now in all that time, a whole 559 days... A trader could have sold out without any sort of financial loss based on "imminent" progress, indeed not being "imminent".

If imminent is within a month or two, what was the rationale for the remaining 44 months where you didn't see this "imminent" news?

I don't really expect an imminent response to this, but following the above announcement there were 559 calendar days for anyone to stop and think to themselves: "This is clearly not imminent".

It's highly possible of course, that a trader could have said to themselves: "I need to sell this imminently"... And they have an entirely different perspective of the word imminent.

559 calendar days. That's how many days since the RNS a person would have had to decide to sell at a profit/break even.

It goes to show, people will blame anything and anyone for their losses any trading decisions, aside from themselves.

Ecograf opened around 14% down today.

Must be all the newsflow and progress bleeding out of their noses.

1. 43 RNS' compared to 5 RNS' - And that's led to a 6% difference in decline.

Now you're going to argue that 'They will be ahead' when the market turns.

*facepalm* *facepalm* *facepalm*

Well that's partially the point! You're rather be releasing news into a good market, as opposed to a distressed one!!!

Release into something bad, and the market ignores it. Then when the market turns, it takes a lot longer for the market to reflect said developments. Release into a better market, and the market reacts a lot more positively... You know, because people tend to have more liquidity?

Furthermore, Ecograf were always ahead of us. They haven't 'gotten ahead'.

Don't worry if you don't fully understand the above. I understand Dan only recently made the concepts of bear markets clear to you recently. Just know it means we'll get to your 3.5p 'cut losses and run' price a lot sooner. But you won't sell at 3.5p, 5p or even 10p. Because you'd rather just be here moaning... Creatures of habit and all that.

2. We discussed this, and it was already explained to you. A FORWARD looking statement does not count as misleading investors. If a CEO said "One day this company will be paying dividends", and then those dividends never come - Does that count as a misleading statement? NO. It's a prediction. If a CEO says "We plan on paying dividends imminently", it's still a forward looking statement.

If a CEO said: "We plan to pay a dividend of x amount on date y" - That's entirely different and would require a corrective statement!

Speaking of which, how's that FCA complaint coming along?

But we already explained forward-looking statements to you. You just refuse to learn or acknowledge anything.

3. I don't need to filter you. I have an investment here, like many others. So I'm more than happy to counter-balance your nonsense. Anyone who sees ACP on a top-risers leaderboard will undoubtedly see your nonsense. So I'll keep you unfiltered until you hit your sell price and then finally walk away from this board.

4. It's nearly impossible to have any form of nuanced or serious discussion/debate with you. There are very knowledgeable posters here who probably choose not to because of trolls/whiners such as yourself.

Smarten up.