Member Info for djwall1s

AIM long since stopped being about investors.

"This fluctuating SP wont change until we have strategic news of either a partnership deal with a Major or quick sale of an asset such as Firetower for substantial cold hard cash, giving the Company some solid foundations rather than just superb potential."

Which is what I've been rattling on about. And given that GH shows zero signs of offloading a thing I think it's hinging on a tie-up with a major. And that is 50/50.

The OMI and Newmont decision does not surprise me. Back when the fateful news hit here, NM had stated their focus was on South America and I suspect whatever OMI has is close to infrastructure, whereas EG, in the middle of nowhere and with super hard terrain (though not impassible) is probably much harder work and more money.

Haveiron/Black Hills and possibly Firetower (if it ever concludes) remain the best hopes, although they're all excellent assets. It's s shame GGP lost momentum on cobalt at Panorama rather than chasing after EG because some of that money could have been used to really advance that in a big way (different techniques needed). Still, it is what it is.

I cannot blame GGP for the antics of daytraders and the market which quickly slides into the negative almost by default these days. I can blame it for seemingly not pre-empting/understanding that mechanism time and time again and acting accordingly (with a clear strategy to offload something), with what it knows would prop the ever-failing sp up. I do think GH is good and I do think the team works hard. All I can hope is that, going forward, GH understands what he needs to do to build the kind of value we need to see around here. It's more than just good results, it's what we do with them imo.

Not much point asking him here.

I'd assume they'd need a physical presence to collect mail, etc. But regardless of office rent or not, it'd only be the same as they're paying for the London digs. It's certainly for tax related purposes.

As far as I am aware, Guernsey is considered quite exclusive. I can't imagine the rents, esp. where the office is located which is near a port and in a business area is going to be much less pricey than the digs in London.

So hopefully it's a good indicator that they expect to make money in the future.

Yes, the registered office is moving into a port residence that contains Swarovski Crystal Guernsey, WH Smith and Christies fish and steak house.

Offshore tax purposes I assume. Many AIM companies do this.

But it makes a difference on AIM because of the huge volume of trading. This isn't a sophisticated FTSE market!

It's full of daytraders and Del Boys.

"Majors will be all over this..most certainly. If there are not the kind of grades they want then don’t know what will. No ramp just look at them grades and we have a hugh strike length x4 than previous. Watch this space."

I agree and if GH can fast track this one towards monetization rather than over spend drilling the vast, vast monster that is EG (and likely getting nowhere as a small company on that), well, I know which option I'd focus on to get the much-needed and long-awaited value.

It's a great result but this market can't even hold and maintain the placing price and 20p is just mad talk.

Far too many shares in issue and entirely dependent on whether GH can shift and monetize this asset. Let's hope so. I can perhaps see 5p-10p in a thousand years time, but 20p nope.

SOLG had a about 3 shares in issue at the time btw. It does make a difference.

Not to take away form the stupendous result today, which it is. It deserves a rerate but we probably won;t get it because AIM sucks.

We all know LION is a sink or swim concept that will take time and patience.

But I'm going to make it known to Cameron Parry exactly what is going on on this board, if he doesn't know already, so actual holders hopefully get a chance at a level playing field on open against the mass of speculation and non-entities posting as if they hold here and are deeply concerned for others. Hopefully LION will deliver anyway so my point is moot but I feel like it's a point of principle.

I suggest investors make their voices heard.

All these massive long essays are a hiding to nothing. Total waste of time and I never bother reading.

All I need to know is that CP builds up companies and comes up with new innovations. Goldbloc is his baby so I expect him to perfect it and get it out.

None of us are in the boardroom and we haven't a clue what his plans are but until the day he says it's not happening, it's happening.

specified. Forgot to mention that yesterday!

"Concurrently Lionsgold continues to work with its advisers on the process required for readmission to trading on AIM of its ordinary shares."

So they've obviously been aware of the rumours floating around about listing elsewhere.

Why do people link to him?

He's like one of those people that pop up at your house at 2 in the morning in his underpants claiming he lost his box of cereal whilst clutching a used porn mag.

Just leave him alone and let him ramble to himself. Don't embarrass his poor kids further.

It's not forced to be as late as November, could be October. But anyway, it cannot go beyond a certain date in November or we get the boot, so...

Well I'm happier that they've let us know now, in Aug, than getting well into September only to be told they've pushed it back at the last minute. We're obviously going to get news in Sep/Oct about BoD appointments and we're long overdue a Finland update. The phases of testing is ongoing into Sep so I can see potential updates there too.

No doubt there will be people tearing their hair out and thoroughly fed up with this, but I'd rather they have a really good product ready to roll out for end of year or 2019 than be unprepared and flapping about, which would also annoy investors to no end. I would expect a new banking concept not to run entirely to plan because things change that cannot be helped sometimes.

It's also the second time in different RNS' that reference is made to business expansion/proposition. "Lionsgold has been expanding its business proposition..." aka they've added to the original plan.

So we'll see.

"expanding its business proposition".

Intriguing.

Is October, November, Dec, so anytime I guess before the November cutoff.

And yes, I expect it to come back, I don't think you spend time "expanding its business proposition and key personnel, including targeting suitable additions to augment the Board in September/October" not to.

It is what it is.

Oh good lord, Firetower, the forgotten child, lives.

More drilling won't start until next year on a fine project that's been literally sitting there years crying to be completed. And until then it's more management salaries being paid for the privilege of waiting.

Now yes, it's safer, more derisked territory any time we get a great update like this, and there's lots to like about the last RNS. But my point stands the fact that not one project has been monetised and sold off in all this time. Afaics, this is the ONLY way we're going to gain and hold value on AIM these days. The market patently doesn't give a hoot about how many ounces you find, it's how quickly you deal with it and monetise it.

GGP/GH make all the right noises but it's safe bet that by this time next year we'll still be sat here saying the same thing, we'll have been diluted further and acquired more projects without end. I absolutely implore GH, if he even reads these boards, to turn round just ONE asset asap and return some value to loyal shareholders, rather than focusing on buying more. Because otherwise it's a long road to nowhere.

"People here are fundamentally oblivious of economics and capital markets."

Such assumption and arrogance, and coming from the one who thinks the way to market a modern company is to 'wrap a girl in gold satin' and effectively sink a company.

You're a total waste of space on this board, and I normally welcome notes of caution.

Carol, supporting her 'investment' as per usual...