Member Info for fatsuperman

No idea, possibly a madman trying to get his horrible average down! I wonder if 2015 will be the year of Acta. Because it turns out we were wrong about 2014, and 2013, and 2012... etc

Thanks for the responses guys :) Hey Masqood, I don't know quite where he got the 'they were paid in shares instead of money' line from, the RNS does not explicitly state that. And frankly even if it does there is nothing wrong per se as running lean and taking money in shares instead of cash if that helps the company to succeed. I think the part that I wasn't so sure about is where he was saying that 50% of the company has been surrendered to Grayfox. Technically he is correct, that is what has happened. We all know that this is done to satisfy the indigenisation policy, despite the fact that it does not explicitly state that it applies to mining companies. Despite that, I agree that the way he has worded it was on the de-rampy side :$ Personally I think that these boards are a good way to bounce thoughts off each other, good and bad. Of course people should do their own research but this board is still a resource for validating thoughts. In my opinion :)

What I find astounding is how none of you are interested in having a reasoned debate about this share. You obviously do not think it is risk-free or that every single event in the companies history is going to be positive. Yet on a public message board you are accusing anyone who raises a question as a de-ramper. It makes some investors (me for example) very nervous when queries are shot down like this. I've been reading this board for months and months now, ever since AFCR was tipped to me prior to the Grayfox announcement. I've not bought in yet (full disclosure) but that should not mean I'm not allowed to ask questions or have an opinion without getting reported. I'm not saying there is anything to be overly concerned with on AFCR (I think the risks are in line with the potential reward), but in my opinion Fernbank is raising some genuine points which you are shouting down because it's not positive. Bad form in my humble opinion. This board members act more like QPP believers every day.

On what basis do you see 3p this month and 20p next year? Be realistic Mrsam or you will be sorely disappointed. The company states they need to focus on cost reduction - I can tell you from bitter experience (ACTA) that those words are scary to an investor. We want to know that they can get to cash generation without running out of money. The fundamentals here are great, they really are. But like all junior miners the challenge is getting there. You are in early so if you cross the line your pay back will be immense, but you are no way getting those numbers in the timescale you think

No, but with Acta I wouldn't be surprised if they managed it somehow. Honestly think they have Mr Bean running their sales team.

had not heard*

I'm a little surprised that you had heard about that and are invested in a mining co in Zimbabwe! It's practically all people bang on about. Keep an eye on it as no doubt it'll change over the next few years. http://en.wikipedia.org/wiki/Indigenisation_and_Economic_Empowerment_Act

How hard can it be to sell a product if you are that confident it's fantastic. It's not remotely complicated enough for understanding it to be a problem, it should simply be about reliability and cost. We have been told it's comparable or cheaper than current backup sources, so surely by now they should have convinced at least someone to start rolling it out. I guess the price of oil dropping hasn't helped the figures.

I'm not so sure there will be a surprise. But isn't this sort of reaction typical? MD or CEO has done a pretty poor fist of it over a number of years, leaves and most observers will assume a change of scenery will be a good thing (new person in the role, hopefully eager etc). The reverse is often true when someone steps down from the top (like Justin King / Terry Leahy), really the only way is down after a period like that. That said, I can't see how this particularly changes our fortunes.

I feel like I should top up simply to get my average down, but the old saying 'throwing good money after bad' keeps me from doing it. There has been so little information recently that I just don't want to risk another £1 in here. :(

Very true tipster. Website is a particular disaster, I cannot believe how poorly that went. But frankly it's not a surprise that when you move to a 'catalogue look' you may find customers struggle to order. YEs it looks great, but it's hard to use. They need to be far better on order execution as well. You simply cannot state to customers that if they order before 20:00 (or whatever) that they'll get the goods the next day, if the goods actually take 3-4 days to arrive. It's awful. To be honest a lot of this is likely to be teething problems at the [not so] new depot, so hopefully iron out in the near future. Could also do with fewer disasters like Mother's Day!

Yep definitely decent results (better than expected) but let's not be too excited - GM is still shrinking year on year in the UK. M&S need to transform their supply chain, reduce their fast fashion lead time drastically and start being far more on-trend than they are. Every year womenswear is a disappointment. Thank god for food (biggest growth area) and international (biggest profit area by volume). If they want the younger generation in the stores they need to be far more sensitive on price. I also feel the Marc Bolland era has run it's course but not sure Justin King is the answer, I want to see someone damn good at fashion to take the fight to Zara, Next et al. Think the price should be higher than this myself, M&S as a business has a lot of potential to climb back from where they are.

We're all licking our wounds elsewhere :)

Riddler, are you still in ACTA?

Top of the losers board for the second day in a row. It's good to be the best at something right?

Don't blame you, I think any re-investment is risky here. Far from clear how they will continue to fund the company without further news

I'm starting to wonder if these people could run a bath, let alone a high tech product company.

Gutted to hear this news. I had the same thing with a retailer I owned. Absolutely horrible - hoping you still salvage something here, but in my experience of this (once) shareholders get zero and the following day the business is back up and running under a new trading name, having shed itself of staff and loss making ops for no cost. Obviously this is different to retail but I would assume PIs are the absolute last thing on their minds. Dirty grubbing bastards. Good luck all.

Would be nice yep. Heck I'd settle for a photo or two of our nice shiny expanded production facilities. They probably aren't even dirty yet.

Hey bud, well the first big order is closer everyday if you talk to Paul! Yep it's good that they've taken that approach and shows they have confidence. I only wish they could provide some more concrete information about those elusive contracts... the constant cycle of 'negotiations continue' are killing us. I am confident that this tech will be huge in the future, but those timelines always seem to be several years away.