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What is there further to say about Adams. Now we are told that the notarisation was just the beginning of the closing process! I wonder who gave us the idea that the first tranche of the monies from ANS was to follow imminently after that last meeting. It is now clear after the recent press article and listening to this stammering, stuttering fool today that ANS is a fledgling institution with no experience of this type, or indeed any type of project. I highly doubt that they have any money at all never mind the large sums promised. I would not be surprised if this mine is never constructed. In any event nothing of any significance will happen until after the election in September and no doubt after that has taken place the great Harry will be telling us that the new administration will need time to bed down and revise the revision of the sign off documents which have been collated for completion by the various Ministries. That was Harryspeak at its best by the way. Sorry, uninvestible is the word now.

Anyone listening to this shambles from Adams should sell up NOW. Stuttering, stammering platitudes. No discernible logic. I just cannot understand a single thing this man says.

“Just”

Eco St shows how little trust there is in the management here. The “News” yesterday should have settled nerves and caused an avalanche of buying but look what has happened. The rise massively sold into. 4-1 sells to buys today. I am afraid that if and when the signing takes place this is exactly what will happen again and the price will settle just above where we are now. Too many people are scrambling for an exit from the nightmare that this share has been over the past year or more. Any idea that this will zoom up in a vertical Elaine is pure fantasy in my view. IF we get the diamonds and IF Baita Plai is really the Aladdin’s cave that we have been promised and WHEN actual cash is rolling in that is the time the share might go north in a meaningful way. Why will we have to wait until then? The management has justifiably earned a reputation for untrustworthiness at best and dishonesty at worst. I hold a lot here but I can tell you, if we get a decent spike on news I will be lightening up considerably or exiting entirely.

Usual perfect timing. Sold 4 million this morning to take some risk off the table! Got to say though, like others who have been through the mill here over the past few years, I will believe it when I see it!

Must say that I did not like the contents of this interview with Newman Chiadzwa. It looks like the locals are digging in for as much as they can get and agreement between all of the parties is far from “ imminent.” Ideally they would like the lot and will want to give as little as possible to Vast. This could be a volatile and lengthy procedure and gives the lie to Andrew Prelea’s comments that the signature on the deal was delayed because of purely logistic matters. Investors urgently need an honest appraisal of the up to date position.

This has now become a bit of a joke. Not a word from this mob and now approaching 2 months delay. The shareprice has held up remarkably well but is showing inevitable strain in the last few days. For God’s sake give us some news!

Must be said that Gil was a lot more hesitant and unconvincing in this podcast than he usually is. Have held here despite the fall. Getting more and more negative I’m afraid.

How much money has this one drill cost? It is astronomical and still not a drop of oil flowing. Further, the RNS today suggest that the raise is simply to be used to re-enter 103c only. Surely to God there will now be enough cash to proceed directly to 104 but I’d doesn’t seem like it. Astonishing!

Can’t believe this has not dropped by more today. Calmly reflecting on today’s masterpiece of an RNS, I am just embarrassed that I was ever foolish enough to have an ounce of faith in Sefton. This grovelling attempt to explain his actions only after he has been caught with his pants down is nothing but simply farcical. Is there a single investor left who trusts a word emanating from Sefton’s lips. I doubt it. If there is can I suggest that he get some help. We have benn treated with utter contempt by this clown who must be ousted if this company is ever going to get its act together. As for the great Berwick, he is equally to blame. We hear of his great past, military man and all that. He is complicit in this shambles and we have heard not a word from him. Can’t see any way forward and I won’ be surprised if these two are forced out and sitting in the dock sometime soon.

This guy’s plans change with the wind direction. He has no focus or direction. Why not just get the Mengo etc up and running, pull in some cash and move on to the Djeno later. If going for the Djeno now gets us 2000 bod as he said then it’s not much different from the 1500 bod expected from the Mengo. A lot can go wrong in any drill so why take the risk for 500 bod. If anyone can f—k this up it is your man.

Guess who I am referring to. That nonsense of an RNS was just about the last straw for me. I have never been involved in a company where there has been such unnecessary, catastrophic damage done to shareholder value. Nearly every pronouncement from our Dear Leader since IPO has been disastrous. There is total lack of trust in every syllable to emanate from this idiot’s lips. Today was yet another example. Has anybody explained why we needed 3 reports? Not any of them has the status of a CPR which we were promised nearly 6 months ago. The company knew then that they could not provide the relevant information for such a report but we were strung along for months. Now more dilution to come. Some of my shares were bought at 30p for God’s sake and we were told then that they were cheap. My prediction is that we will never see anywhere near that price or even 20p. The status of all the information in the public domain is clear as mud. No measurable resources, no flow rates, no licence nailed down.Nothing. The man of whom I speak ( I can’t bring myself to utter his name) has to go. Trust has to be restored.

All the usual signs are now in place. Raise now before disastrous results from Brockham which would mean a raise at even lower prices. Buy another dud asset to big up to idiot investors and keep your inflated salaries going for another few years. Rinse and repeat. Pathetic!

How many times has this company kicked it's long term investors in the balls? Aim is, quite simply, uninvestable now

Amazingly it looks like this will be sub 10p in the not too distant future. The market just does not trust Sefton and the bottom line is that it doesn’t matter how much oil is in the Djeno if we don’t have a licence to get it out and we do not have that licence signed sealed and delivered. Until we have, this share is going nowhere. This is Africa for God’s sake. Utterly corrupt, and sadly for us the Congo is among the most corrupt of the corrupt. They hold all the cards and really could shaft us royally in relation to the terms they seek for granting permission to continue drilling. Sefton, true to form, admitted as much in one of his latest pathetic interviews when he said he expected the initial terms offered to be “ dreadful” imagine a CEO saying that aloud to the market. He is a total prat. If we get the licence I will bet that we won’t see another penny of the outstanding debt. If that is all we will have got off lightly. I know that I will now be lambasted as a deramper but the truth is that I hold more than I should here. I admit that, as of now, it is a total gamble.

How crass was it that Sefton, quite gratuitously, put out there that he expected the offered licence terms to be “ horrendous” What kind of confidence boost is that. Unless, of course, he knows what the terms are and they are indeed horrible. The shareprice is now firmly on the slide and that is now underscored by that idiot, yet again, opening his big fat gob. NO MORE PODCASTS, PLEASE! The bottom line is that we do not have a licence and that the Congolese government hold all the cards. Wait for it. Licence will be dependent on us giving up on the debt and god knows what else.

What an utterly miserable market AIM has been since the new year. Who would believe this fall here today. No small share can get any traction despite good news. When I break even here and elsewhere in this cesspit I am out for good.

All trust now lost in Welch. Just look at the press that this company has had over the past 2 years. Nearly everything positive. Compare this with the share performance. An absolute disaster for patient investors. Why? I am coming to believe that this is being primed to go private. The actions of the share price even in good news has been strange to say the least and nothing of what Welch has told us over the past year has stacked up in any way. I am more concerned about my investment today than I have ever been.

Raiding your grandchildren’s bank accounts. That sums you up to a tee. This is certainly not a stock for that kind of nonsense. Then none is.

The bottom line is that no one trusts Sefton. That’s it in a nutshell.