Member Info for digger2667

Stinks to high heaven. Blatant asset stripping.

Why would they buy any with all the freebies they have awardesd themselves over the years? Presumably some of those will have warrants attached and I can't see them exercising those either if it means dipping into their wallets.

Is Harry still hanging on for his bonus if the sp remains above 1.5p for a certain length of time.? I have lost track of snout fest shennanigans we have had to endure to get this far but hopefully we will see some reward at some point.

I was expecting news on our gold mines in Korea tbh. That's where we have some sort of value if we can get the outstanding paperwork signed. All I see in today's news release is a lot of opportunities which will need some sort of capital investment. Where is the investment going to come from? More dilution?

EOD kick in the nuts

Quite a spread considering the mid is at .045

Lucky you Asher but she's been dead a few years

Down she goes

Harry loading the confetti cannon? He just can't resist it

Would the lender be prepared to pee off the Ethiopian Govt. which has invested a sizeable amount in this project and will benefit from the flow of hard currency when it gets off the ground?

Nobody commenting on the stupidity of our BOD. EME flying today and we had twice the stake in Duyung. What do our BOD do? Give it away for peanuts. Hope the ex bond holders remove the BOD and find someone that can run the company.

Our sale deal if you can call it that hasn't gone thru yet so any chance of a get out clause?

Down she goes. I knew it couldn't last. Just as I was nearing breakeven

I'm still waiting for the 10 to 15 million you were spouting on about. Until then I shall eat steak . It's got a long way to go and with this bunch of clowns at the helm anything could happen.

Loyaltrader.

I sincerely hope that would happen believe me. But I can't see anyone paying that sort of money to takeover the stake. BMV isn't in a strong position bargaining wise and the BOD have proven themselves to be inept. How they managed to drop the ball re the permit beggars belief. They must have known it was a requirement when acquiring the licences but by the looks of it they sat on it?

Where have you got those figures from? £10 to £15 million is cloud cuckoo land from where I am sitting. They are at the mercy of their JV now who will most likely offer a low ball figure.

Folks on the Telegram Group say that have 5% of the equity prepared to call an EGM. Maybe this will stir the fat wordsmith into action. Enough is enough

Bit of a drop today considering the larger trades look like rollovers. POG is motoring along and the previous week's spike would seem to indicate that news on permit is close. Whether it's a yay or a nay is anyones guess but the "rollovers" don't want to risk missing out? imho

What huge debt? The ex bond holders wrote it off (circa £20 million) for a 60% stake in the company after the share reorg and consolidation. The company is now paying to get rid of Duyung and writing off it's value of $18.9 million in exchange for this

· "the release of Coro Duyung from any obligation to pay existing or future cash calls;

· a total cash consideration of US$300,000 to be paid by Coro to WNEL following Shareholder Approval. This payment represents a US$477,000 saving on the amounts Conrad maintains is outstanding by Coro Duyung as at the end of December 2024;" We then get 500,000 new Conrad shares which are locked in for 12 months. I don't think those shares will cover $18.9 million do you?

With regard to Parsons still working behind the scenes I have asked the question as well as ,an explanation why they deem fit to give Duyung away by emailing the company and Vigo Consulting. I mean they could've asked the ex bond holders for $1 million to cover Conrad's costs or raised that when they did the share consolidation. Whole thing stinks and I will vote NO for what good it will do. I'm flabberghasted that the ex bond holders can agree to this as Duyung was the main driver for them to provide the finance in the first place.

I am sorry to hear of your loss.

The 128k shares have now been consolidated to 1,280 shares which should be worth 1.5p on the bid when the market opens on Monday. So they are worth approx £19!!!

The deferred shenanigans is a way of reducing the new nominal value of the share from 10p to 9.5p deferred and 0.5p new nominal value. It's all about reducing the nominal value of a share as that determines the value for any future fund raising. If they left the nominal value at 10p and the current market value for sake of argument was only 6p they wouldn't find anyone willing to pay 10p for a share only worth 6p. By reducing the nominal value to 0.5p they could raise funds anywhere between 0.5p to 6p. Usually below 6p to let their chums in. It's just another way to screw us plebs.

This is my understanding of the situation and I make no investment advice.

My personal holdings here runs into the millions of shares and I am very much underwater !!!

Until they get the Permit this isn't going to go up and probably has further to fall unfortunately

Why does it always have to go to the end of any particular month that is pulled out of the hat? The month end arrives and another month or two delay while the financiers decide whether they want another butchers at the security arrangements or if chocolate biscuits will be served at the next meaningless meeting. It's about time fatboy pulled his finger out and just released a simple RNS stating when the money is forthcoming without any other dreamed up complications.