Member Info for DonkeyOatey

Barnetpeter: believe me, I am the first person to be against lifestyle companies on aim, and there are a number of them out there (I could cite you a palladium one in Russia, or a copper failure in Zambia, but I won't bore you.) Every time that pow spin out one of their licences which cost them about a quarter million in cash and some employee labour costs, they end up with a 50-60 % stake in a listed vehicle worth 5-10m which is funded for future development without draining POWs cash! If that's your idea of a bad roi and a lifestyle company, then so be it. But it sure as heck isn't mine, and the more they do of these deals the better as far as I'm concerned.

But I do fully accept that the share price is terrible at the moment, but given the sector sentiment is the worst many people have seen in their entire careers, I don't think you can attribute it to just concerns about pow. Rick Rule has a rather good track record of mining investment, and he was happy to become the largest shareholder in pow via a recent placing. Come back to me and tell me what a dawg pow is once you've surpassed his investment success track record or his net worth, let's be generous and say whichever comes sooner!

Excellent video by Steve St Angelo of SRSrocco on YouTube. To summarize: all economic activity is driven by world increases in energy supply, dating back to the late C19th. Today we burn about five barrels of oil for every barrel discovered. This is accelerating in the wrong direction and will lead by 2025/6 to a massive sustained rise in oil and all energy prices. If only there was an aim play where I could buy into a large discovery coming online around that time. It really won't matter at that point what gvmt policies are, demand and lack of supply fundamentals will drive the price, and policy will no doubt be immediately changed to desperately and futilely try to correct the problem. Particularly this EPL will simply be abandoned by a gvmt of any colour desperate for energy to keep the lights on. Even if the levy remained if oil goes to 200-300 dollars per barrel, NS production will still be hugely profitable. Of course the downside is that all our jog profits will be eaten up by our massively increased cost-push increased costs of living. But it's better to own the assets that will skyrocket than not. (My own view is that we will see prices remain relatively stable when measured in ounces of gold, but that is why I want oil and gold mining shares.) The ultimate reality though is that the world will need to adjust standards of living dramatically downwards. I strongly encourage the intellectually curious to look this chap's videos up on YouTube, it is interesting to see all of the known data framed in the context of energy supply delivery as the horse which is pulling the economic cart.

Yes, I absolutely agree, Del raises lots of excellent questions concerning the mismanagement of the company. Altogether too much of it on aim, but sadly lots of companies get away with it. What I just don't understand is who gives them the money in the placements to keep such zombie companies alive?

Anyhow, I hope you all get answers to even some of Del's excellent questions, although I doubt you will. Until them, I guess spambot will be putting out his usual 100 postings per day of "facts" which are selectively gleaned to show that Eurasia really sold for twenty billion dollars two years ago and the money is sitting in escrow waiting to be delivered to the loyal longtimers!

MrYFronts, in fairness to spambot, he doesn't only claim the DFS is the last piece of the puzzle before sale. He has, since I started.reading these boards about four years ago, claimed that whatever the co was working on at the time was the final puzzle piece. So next month it will be something.else which is the final piece of the puzzle. And something new the month after that. I call it "Justaroundthecornerism" it is an illness which afflicts quite a few of the long term holders, although it appears that it is not totally incurable, since one or two people over the years have come to realize what a joke the company is, having started out as Eurasia disciples. But I suspect that treatment is not offered on the NHS, onlymprivately, since I can't recall any of the drøss ever recovering from it.

Omg don't tell me that you are one of those people who actually believed that these web based discussions have any effect on the share price whatsoever?! Do you also believe the earth is flat? Perhaps that Biden stole the US election?

Just to be clear, perhaps you'll also answer a question: if the people pointing out how poor the Mgmt is here is what's pushing the price down, would you also accept that when the SP rises and people get spiked, does that make the rampers guilty for the losses of those who bought in based on their nonsense about ten baggers, etc? Or is this the usual case of: all people who say bad things (no matter how true) are responsible for shareholder losses, but rampers have no responsibility for losses of investors who get spiked?

Next you'll be into the usual ramper playbook: only long holders should talk on these boards, anyone who accepts the bad news for what it is clearly doesn't have any shares, or if they do is told they should sell up and shut up.

No wonder these places become echo chambers of magical thinking, and aim Investors lose money 90% of the time.

*no surprise

The psychology of aim Investors never fails to tickle me - whenever things go wrong and their investments are heading down the toilet, a large proportion seem to stick their fingers in their ears, sing "la la la I'm not listening" and ignore all of the obvious evidence that things are going wrong, and the market's clear understanding as expressed through the share price. It's as though they think that not hearing it will somehow protect the value of their own individual holding! There are a few shares like this on aim at any one time, at the minute the two other obvious candidates are also junior mining companies. I confess I would find the whole situation funny if it wasn't so sad to see people losing money which they'll likely never see again. But when bad news causes them to break out the comfort food, ice cream and wine and sit around telling each other how rich they're going to be one day, rather than investigating everything that's going wrong and trying to fix things (ie replacing inadequate leadership) then it's just surprise when people present the statistics of how many PIs on aim lose all their money. But, oh joy, they still have their golden tickets! Rums all round.

I agree, DevilBaby, the only think I want to hear from Turkey is that he has resigned with immediate effect. That info will come via RNS so I don't need to waste my time listening to him big himself up when he is one of the least qualified aim CEOs, and that is some accomplishment.

Mafioso, have you read a single thing that's been researched about Tingo recently? It's been revealed that they have sales representing only a fraction of what they claim, the banks they claim to have relationships with deny it completely, the location of their warehouse locations are empty fields with decaying signs which haven't been touched since the photo ops on the day of the groundbreaking, and the list goes on! You really should read.up on Tingo - they are the only quantifiable asset Arc owns, and it looks like it is all going to collapse into a hole in the ground (assuming Tingo ever get around to digging any holes for all of these facilities they claim they are building!)

Perhaps KAV holders should club together to reach the required 5% of shareholders required to.force an EGM with the only item on the agenda to terminate the employment of the Turkey. It would be Christmas come early, so to speak.

Oh, the irony! The "idoit" who cannot spell the word 'database' demonstrates yet further intelligence by misspelling the word 'idiot'! Priceless.

More concerning is that their only quantifiable asset, Tingo shares, looks more and more to be completely worthless. This supposedly transformational deal still hasn't completed, another year with no drilling realistic. More of the same from NvS: no accountability, no delivery, but always first in line with his snout in the trough when it's feeding time and shareholders are paying.

"Since I last wrote on Tingo (US:TIO) in late May, the share price has collapsed principally due to a devastating report from Hindenburg Research which demonstrated beyond any reasonable doubt that the company is a complete sham. That it was prepared to call it out as a “brazen fraud” after presumably running this by its lawyers is instructive."

I'm not a big fan of TW and his website info, but I think this is quite informative, and he does have a history of calling out big scans,.ie Quindell and Juridica. I wonder if there will be any accountability from NvS if it transpires that he's accepted shares in a complete fraud in return for the company's assets? I think we all know the answer to that question, and it will be quite indicative of his integrity.

But why would anyone invest in shares issued by a bod which has completely failed to deliver for their shareholders after this many years of delivering sweet fa at eua? Noone will be lining up to invest with a bunch of clowns who are having to start again because their previous venture couldn't manage to sell even one of their assets which were supposedly worth billions. Institutions won't be interested in buying in low to try and sell on a spike, they will want to see a credible valuable business. So far, eua have managed to spike a lot of people, not managed to sell a single asset, and aren't even managing to sell the small amount of concentrate they have managed to mine. But they all think they are worth paying themselves generous six figure salaries. I can just see their presentation of eua v2.0 to institutional investors, and the snide comments about how they have such a great track record because eua v1.0 worked out so well!!!! (Um, not!)

Cattleman, everything you say makes absolute sense. The only lack of logic I find around Arc is those who constantly cheer NvS and his continual failure to deliver. It's the main reason I would think twice about investing into Arc even when the shares get down to a realistic mkt cap. He was a disaster at Bumi, he's continually overstated timeframes in Arc, in fact he has never actually delivered once on anything, as far as I can tell, in anything resembling the timeframe he has stated. All whilst being overpaid by Arc shareholders. Oh and the icing on the cake will be if they ever do manage to get the CPs completed.to do this deal with Anglo, I would bet a pound to a penny that around the time any Anglo money is to arrive in Arc's bank account there will be a significant increase in his salary for "delivering shareholder value" and hey presto the Anglo cash will be heading in the direction of NvS rather than shareholders. Yet why does noone question his lack of buying in the market if this is such an immense opportunity? The best thing to do on aim is ignore what the overpaid leaders say, and follow what they do with their own money.

Don't worry, Scuba, everyone knows that the only lucid moment IKN ever had was when he was setting up his LSE account and selected his username; a rare moment of self-awareness on his part. I never even read his rubbish, after all HeKnowsNothing!

*another week with PIs losing money

As usual another week of no Arc progress.

Another week with Paid losing money.

Another week when none of the overpaid "executives" have put their hand in their pocket and bought any shares - strange behaviour if they really believe this hype about how this is the bestest deal ever to be done in the history of the universe by a junior.

Oh and another week when the only people making money on Arc this week are NvS and his gang of merry men who've each trousered thousands in salary for yet another week of non-delivery.

Still, at the recent rate of decline, it shouldn't be too long before Arc is out of the 2s and into the 1s where it belongs. Perhaps then the insiders will buy shares with their own money?! Until they do, you know Arc is overpriced.

The sad part for the Tories is that Truss and KK were their best hope after BoJo. Their economic plan had the best hope of anything available to restore some growth and fiscal discipline to the UK. With such levels of spending now it all seems rather hopeless, and I for one will never again support the Ts, primarily because the parliamentary party decided it knew better than the paid up members and sabotaged the members' choice for party leader and forced on the country a leader who had been rejected just weeks earlier by the membership. Ironically Truss might have won a GE, Sushi definitely will not; the party members at large knew this instinctively, but as usual MPs were so arrogant that they assumed they knew better. I take no small element of satisfaction in knowing that this will result in many of these T MPs losing their jobs at the next GE. UK plc looks to me like a very unattractive place for the future, both for investment and/or residence, and so I am looking at either Canada, NZ or Australia for my retirement in the future, via the golden visa route. Assuming, that is, that jog delivers!

I've been there before, Pete, about 15y ago now. Jnr mining was a basket case then. Zero market for the shares as the sector was loathed. But it turns around. Eventually. Just have to ignore the pain and focus on other things until the good times return. And they will. Or we've reached a point when rocks can self-identify as metals needed in the world AND they can be magically imbued with the metallergic properties of said metals. If not, the markets will turn as they always have. And the worse the bear market, the bigger the subsequent bull run, so I think we have some good years ahead.

The POW model is really built for protection in this kind of market - our mkt cap is currently more than covered by our listed and soontolist investments. Everything else is in for free. So if any one of those spin outs hits, we get 50-60% of the upside, and are completely relieved of any necessity to fund them! For me the real draw is the largest London listed uranium land package, there's no boom like a uranium boom. Which is one of Rick Rule's sayings, and whatever he says about his buy in being based on the merchant bank of jnr mining approach which pow has adopted, I personally believe it is for what is effectively free uranium exposure in one of the world's most prolific u3o8 jurisdictions, the Athabasca basin.