Member Info for DowntoEarth

It will be interesting to see when the Directors / former Directors convert their fees into shares. If they do it soon that would show far more confidence going forward than if they convert around the time Ashwath coverts his £300k.
I think before I buy any more, I will wait for the Directors to convert and see the details of the long term funding.

Yes:

"The Company is currently in a close period pending the forthcoming publication of its final results and annual report and financial statements for the year ended 31 December 2017 which are scheduled to be published on or before 29 June 2018."

So today at the latest!

Also noted:

"In Q3 2018, the Company will seek to procure sufficient additional longer-term financing to enable the recommencement of production later this year, and in the meantime, operations will remain suspended."

Does this mean this money is fundamental to the mine restarting and yet they won't even begin looking for finance until Q3? What have they been doing! I suppose on the plus side, Q3 is in a couple of days time........

When the SP and the OO are so similar in price, surely it's better to give the company your money? At least then you're helping them with their objective of increasing shareholder value. If everybody adopted that attitude they wouldn't be able to raise enough funds, then what? Offer at an even lower price?

Quin, joking aside If I had your shareholding, I would definitely be going to the AGM to politely grill the BOD. You can get a feel for your investment just by asking some questions and observing their body language with their response. Also there are far worse places in the world to visit than Bermuda.

If anyone from this BB had the temerity to turn up at the AGM, the BOD would look at you and ask 'what the hell do you want?'

I had 10 million and sold 5 million yesterday, I'm not saying that the company won't come good in the end, but at what cost to existing shareholders? They will convert a total of over half a million pounds into shares before the end of this year at a price of no higher than 0.25p. The current market cap is just over a million pounds, it doesn't take a genius to conclude that there will be downward pressure on the pricefrom here. Who knows? this whole 12 month charade could have been cleverly engineered to take the company private. Following dilution the BOD and company insiders could have enough voting rights to force it through, Ashwath Mehra will likely have at least 30% of the company on his own.
The fact that the company won't converse with you, considering you are one of their largest shareholders. speaks volumes. I assumed you had a conversion with the company which was the reason for you being bullish going forward, hadn't realised it was more a case of Chinese whispers.
On a more positive note, the warrants that we due to expire in September, will not happen saving poor shareholders even more dilution.

That this share is not going above 0.25p for the next six months. With the Directors being out of a closed period from next month and about to transfer their debt to shares, I do wonder whether it will actually go lower. The incentive now them, is to get these shares as cheap as possible before draw down of Ashwath Mehra's third tranch of £100,000 is paid out and he converts at a maximum 0.25p, but in reality it will be converted at less than this price.
For the record I've sold half of my holdings hedging my bets, don't know whether to sell the other half and maybe buy back again at the end of the year when we have clarity.

I do like Gorilla's posts, they're straight to the point!
My worry is that it will probably be well into next year before we're producing and selling enough gems to cover our overheads

By what date do they legally have to issue one?

BTW, anyone know what happened to LSE on Friday? It wasn't working for me

It's been at 0.4p for most of the day and considering the difficulty buying, does this not suggest a very large order being filled?

If there's no RNS tomorrow morning - leading into the weekend, I think this will go gangbusters tomorrow afternoon in anticipation of the Monday morning RNS. I suspect MM are in fact loading up now ready for tomorrow afternoon.

What are you expecting to read? Mining restarted? Gems sold? M&A?

Open market price is current about 6.2p, offer price is 5.75p how is that cheaper?

The point is that nobody knows the quality of the stock because the company have not communicated this to shareholders, Relephant assumes the remaining stock is poor quality probably because he sold up. Conversely it may be the best quality that they have been saving and has not been sold because you wouldn't sell your best stuff cheap, you'd wait for demand and price to pick up to gain a higher margin on your product. Only 4 months ago, the new CEO (who's big name in the gem industry) traded $40,000 of historic fees for shares priced at more than double todays price, if the mine was a lemon, why would he do that?

Quinn, Congrats on your 10,000th post! I take it that in celebrating this milestone, your gift to us long suffering holders is the assurance that were are on the cusp of some exiting SP movement and to stay strong and focused? If it doesn't happen soon you're setting yourself up for a fall, if does, we all owe you a pint!

Quin must be one of the company's largest single shareholders, maybe that makes a difference :)

Ashwath Mehra is listed as having 35 million shares on the companies shareholder information, maybe it's him? Surely we are due a holdings RNS?

It was timed at 16:35, could it be a delayed UT? The're normally timed at 16:35.

The 20m delayed sell was from yesterday at around lunch time. Interestingly it was difficult to buy yesterday afternoon, you would think the opposite would be true, unless there is somebody else in the background mopping them up.

Buying volume has been picking up quite a bit lately and especially toda. Why is the price not going up?