Member Info for enuffRMbs

Our very own Del Boy and Rodders! Back for one last series of AIM related tomfoolery!

Will their dream of selling Greenlandic mineral water at Waitrose ever take off, or can they sell sand to the Arabs?

When I raised this as one of my top 3 red flags, a certain poster told me (more or less) to chill out as this kind of thing happens. Indeed it does, but the frequency and severity normally betrays some kind of shenanigans

Meanwhile all corp docs still listed him as largest individual shareholder. It is beyond the pale.

RachT. In my opinion the most important RNS - or at least the most telling is the one dated 7 Dec 2023 13:45

Please read it in detail. Especially the date of the transaction and the date the issuer was notified. What do you observe?

Working titles…

Enuff Said

Taking Aim

Aimless

??

RachT. I reckon we could make a few quid if we set up a parallel website where I ask the brown nose questions and you give the real world answers. Would need to turn them around pretty quick - like same day, but it would be very funny. Obviously we might have to change a few names here and there. Skippy McIlroy of BlewJoy mining first up for interview..

I think this was the area Joshua was trying to obtain.

I am negative, but borne out of experience with JAY and related. It wasn’t always that way.

What is a pessimist? An optimist with experience…

Chirpy. Here are 3 good reasons, there are more.

1. Why the need for the Cayman holding?

2. Spring 22. Drilling TNS. Followed by £5m raise. Followed by no drilling RNs

3. Selling huge amount of JAY shares last year. I didn’t see any notification?? Buying back in December for a fraction of the cost.

Do any of these meet your own definitions of underhand behavior? Yes or no

Yep, I thought K were out. Though let’s wait and see what terms they are in on before we get carried away. For example, do we have to extend control beyond December this year knowing we can’t afford to pay our pro rats share of any 2025 drilling?

Poor for shareholders but clearly the original plan was to separate out Disko from JAY (hence the convoluted Cayman Islands structure which when I last looked listed Kurt, Rod and Eric) and presumably raise a huge amount on the back of Kobold involvement - not many ways to get a slice of that AI unicorn - but large shareholders said hold on a second! And Rod threw his toys out!

It is a poorly structured deal, which to be fair Rob Edwards alluded to a few times.

Poui. I take it as encouraging that Kurt actually quoted. I really thought they had lost interest. But very light on detail for next stamps and crucially funding. Also, they knew they wouldn’t be drilling months ago, so why not state that at the time? Blind Freddie could see that wasn’t happening this year.

If I had the time, I would love to work out how much ££ had been extracted from shareholders in these different companies of the years. We oft cause Rod of failing to turn exploration into mining, but he sure has extracted a huge seam of cash from these ventures…

Thoughts on how a BHP takeover would impact AA and in particular their Greenland exploration ambitions?

BHP are potentially going to close or mothball their Nickel operations in WA. Not sure they are terribly interested in finding a large Nickel deposit. Copper yes.

Talking of More Acquisitions, Rod resigned but large shareholder I think. What do you make of his parting comments?

Current director Charles Goodfellow will remain on the board with Roderick McIllree retiring effective immediately.

Rod McIllree, Executive Director of More Acquisitions plc, said:

"Today marks a significant point in the evolution of More Acquisitions. The appointment of Neil and Stanley to the Board of the Company marks an exciting step towards the execution of a reverse take-over which is expected to be value enhancing for all stakeholders. They begin their tenure on a positive note by investing in the Company at a significant premium to the market thereby confirming their faith in their stated objective of value creation. I am very confident I leave the company in good hands and look forward to continuing as a shareholder as it now moves through these next value enhancing steps."

You need to add Alien (UFO) to the list and also the amusingly named More Acquisitions.

Nice work Eric. Thats a decent number of shares and not too long…

Same game, different name.

https://wcminerals.com.au/asx-announcements/

Damnations Chirpy, I am trying to post more often than Ashton. Grrr

Long time shareholder, very disgruntled with those in charge, and their escapades elsewhere. I love JAY more than other shares due to the comedy value, but also a continual reminder of investing red flags - so despite losses it had value (in terms of lessons learned).

I do feel obliged to challenge the True Believers too.

KAT. If you can be bothered, please read.

https://oecd.ai/en/wonk/ai-act-manipulation-methods