Member Info for fireheart1

It does say more deatails to come.. The general feedback will come tomorrow or after, when the websites write their versions.. I think the drop was a overreaction driven by the mm's making sure they dont get caught, as i said earlier only 3M shares traded in the drop, this is not enough normally to make it drop or rise that much..

Not sure if people understood what the share consolidation was about. Basically your current holding will be reduced by factor 10, but the value of each share will increase by factor 10. i.e. under the current price if you had 100,000 shares at 2.38p you will have 10,000 at 23.8p So nothing really changes... Apart from a lower share capital after the Cyrus deal, which is better... For more reading: http://timetotrade.eu/wiki/index.php/Share_Splits_&_Consolidations

Just had to bite the bullet and top up increasing my average. Still below the directors buy in average from the other day... so still happy.. the buy went in at 2.3p, so no spread considering you can sell for 2.25p

I wish it had, would have been nice to top up at that price...

Hows L2 looking.. Thanks.

During the drop less than 3M traded.. Bit of a over reaction..

Your right I didnt expect it to fall this much. The RNS was delayed so long people were banking on it... And after what happened with the takeoff agreement RNS (400% rise) people thought the same would happen. You have to remember the takeoff RNS came in a low low time for the market, with investors looking for anything to make cash.. Different times now.. It will be OK. I hate losing cash, and I would not have held if I thought the company wasnt worth it...

Has L2 changed?

It's not a shafting, it's required to get the finance required to take this company forward.. It will be OK for long term holders...

I dont think they will go that low.. Would be nice if they did to enable long term holders a nice top up.. I was just showing what price the Cyrus deal is going in at.... As it was not stated on the RNS

You also have to consider what the 577M shares are being sold for. $12.5M / 577 M shares = $0.021 $0.021 / 1.5 = £0.014 = 1.4p I'm looking to get in below my average of 1.7p.. Loft, Thanks.

Any L2 info here..

This stock has always been a med to long term stock, the RNS was wanted as it is the last piece on the jigsaw to enable AGU to bring everything together. I am here for the rewards in time for the zinc mine, (and now gold although I have enough exposure to this, so it's a small bonus to me). What some people need to understand here is: 1) This downturn in the market happens like this once in a lifetime, so you need to buy a stock that will be able to raise finance if required and stay afloat, (too many have been suspended on the AIM, so pick right) 2) You hold the stock for the long term to make serious profits, (5 to 10 years) not jump in on the cheap and then sell on the cheap.. Would you have looked at these in 2007 when they were 20p? In truth I would not, as there was no gain for me. Holding long term till the markets fully recover and this stock is back to that level is my game. It may be a bumpy ride with allot of stocks, but the point is that they get through this downturn.. And we will be the people with a smile in years to come when selling on the high, and retiring early.. P.S. I'm not ramping this stock, I'm talking generally about stocks...

We are not ramping it here, they are in business to be in the mining business, and this costs.. How many of these stocks can get finance to get the company in the driving seats it's been aiming for the past few years.. The company has the assets to make it very profitable, but to do this costs money.. And this takes time.. Please understand what you are talking about..

What you have to remember as well, raising finance is never cheap, so doing it in these times is a achievement.. And this should be the last piece in the jigsaw to make the picture we all want, a nice company generating it's own income, and producing high quality stock (which remember is already sold at the market rate when it's extracted (off take agreement))

mm's didnt know what to expect until they "tooth picked" it ..

There is allot of info to digest in it, so lets see how the market does see it.. Some PI's will get cold feet thinking that their holding will be divided by 10, but on the other hand the value per share should increse by the same per share... And a small share cap is good...

When I was reading and they mentioned what the new share capital will be, I though f$$k but then reading on: As part of the restructuring of the Company, the board of directors proposes to consolidate the Ordinary Shares on the basis of one new ordinary share with a par value of 10p for every ten existing ordinary shares with a par value of 1p ('Consolidation'). A resolution to approve the consolidation will be proposed at the GM. If approved by shareholders at the GM, the consolidation will reduce the number of issued shares in the capital of the Company but will not materially affect the percentage shareholdings referred to in this announcement. Which is a good move, keeping the share capital under control, while getting the finance to make this company into a producer... I'm happy..

I dont think there will be much movement here until something happends with EXT, and with EXT only just appointing Rothchilds, I see this being a month or two... The Rothchild consultants will want to earn their day rate for a while..

The thing is a small share cap demands a higher share price. If they increased the share cap by 10X and thus reduced the share price by 10x, thus 2p, people will be jumping in with a spread of 25% (even though as you say you can trade within that).. It's the perception of dealing in pennies for the spread... But as you say the SP moves with virtually each trade..