Member Info for Fukurokuju79

Golden Square entered into a binding purchase of the asset which completed around mid March 2020.
However...
ARCM confirmed then that they had 'ensured that it has security over 100% of the Casa shares being sold in the event of non-payment of the loan note'.

The maturity of the above loan note was due in March 2021 but ARCM extended the loan note maturity date on the basis of their right to review and approve any subsequent commercial transaction for CASA between Golden Square and another third party.

So therefore IMO Golden Square hold the assets on paper but until the loan note is paid (or the subsequent transaction completes) as per above ARCM have binding terms and security over the asset.

Anyway ATB.

What will you do Antharry?

Personally, and firstly, I believe the finance gets finalised. I'm as certain as one can be but accept it's not done, until it's done. However its binding and is virtually nailed on IMO.
I therefore am not expecting to have to decide what to do if it doesn't finalise.

Personally, if that did happen though I won't rush out the door as it's a sure fire way to get the bottom price.
I would recalculate my target because they will become reliant on the CLN financing, and new shares that would be added to circulation would have a material impact on price target. I'd have to factor in a working assumption for the likely total additional shares.
At that point I'd have to decide. If the price has fallen low enough to still offer the same risk / reward I would potentially look to add but at the lower price over time, or hold and wait to sell a large portion if it doesn't stack up.

Atb

Yep you got me.

Sparky re...
''For clarification I probably own more shares that all you put together. I have not sold a single one. A very costly strategy!!''

Explains why you're so anxious then. Over exposed yourself. Anyway, don't assume what others hold. I very much doubt you do

Atb.

Is it school lunchtime sparky?

If you've got some time have a read of some quotes from pxc over the last month or so...

""""
It does look like the SP is about to blow. With a £1.60/sh (ish) back stop for Red Star and Empire, the risk/reward is second to none.

ALL IMO DYOR...;o)))Abso..bloody...lutely. HOLD FOR GOLD !!..;O))

The sulphides alone if proved up could yield £8billion or more !! Do the maths...;o)))

I have £1.50 minimum in my mind. Higher once production starts. Base case. £20+ dream land

The risk v's reward is phenomenal.
Risk = PXC only produce from Empire and throw off $millions cash per annum from 2022
Reward = multi-billion dollar resource of a world class enormity. I mean just how high can the value of this company go??! Mind blowing...;o))

Are there any other no-brainers out there as good as this company? I would love to know !!!
""""

Did you recognise them as YOU wrote them. Then as the shareprice does what it does in AIM and fluxtuates you start pointing fingers.
When it starts rising again you'll no doubt change your mind and put some new pants on.

Anyway. Take care.
Atb

I'm not turning on you. I couldn't care to even give much thought about you either way.
Just don't particularly like hypocrites and your posting history is there for all.
You don't like the way the share price goes short term and it seems you spit your dummy out.
Ah well. Takes all sorts I suppose.
I'll come back here at about 8pm as you'll be tucked up by then x

MtSparky with respect you should look at your own posting history regarding pumping. I don't listen to most of the noise and I'm happy with my buy in price some time ago, and will continue to hold confidently but put your toys back in your pram.
Blimey

GTTMU

Couple points...

You said 'to be honest I felt this board put my life in danger personal messages killing me people following me .' - I can't comment on what happened as wasn't involved but I find your statement hard to believe considering you told the whole board after the event where you spend most of your weekends. Again you prove you post to suit your agenda and not the truth.

You then said 'learnt that sometime i dont understand all information so its better i just be quitet. i will not express my ideas anymore. ' I've not experienced much if your quiet and you've always twisted the facts to trybline your own pocket while trying to pretend to be 'balancing' the board. Please stick to your word as with respect, it's a nicer board without you and has a fine balance and debate.

Atb

@Ella.
I am not questioning your motive or the need for you to post with rose tinted glasses. I'd actually advocate quite the opposite!

I'm simply highlighting my observation that when there are multiple options and explanations for a situation you always choose / or have a significant unconscious bias to the options that are negative.

While again I accept these may be valid options, it highlights your general sentiment on the company and the management. As an investor you must have at least some degree of optimism that would provide a level of balance that isn't shared in your posts.

I'm believe I'm generally open minded and I can acknowledge and even to a degree share the frustrations resulting from an extended period of no communications. (Albeit I have a view on why they haven't issued much commentary lately).

You say investors are entitled to a balanced view. I'd take that a step further and say I believe investing 'requires' an open and balanced view.

Sadly I'm not seeing any balance in your posts.
It's not that you have to, but it perplexes me as to why you retain a position here.

Anyway, it's a no win discussion.Just my opinion.

Perfect thanks D220. That's that clarified.

Also with regards to the balance sheet risk. First off I will state I am no accountant!

I have had a look at the last annual accounts though and I can see that the warrants were listed as a carrying value under investment in associate within the non current assets.
Whereas now they are exercised they can IMO be listed and move to within the current assets on the balance sheet and accounts as it would be considered within the marketable securities amount.

See Notes in accounts numbered 11 and 12 for your own references.

Atb.

It could be within the definition of 'acquisition' warrants.
Any exercise of warrants is an acquisition of warrants. These warrants being exercised is an acquisition of the warrants, from which the two year term for the super warrants become effective. Personally I don't know the true expiration timescales if a year or two years males little difference really IMO in the scheme of things though.

I suppose the outcome of any investment is very binary, it's either up or down.
I don't agree it's binary in terms of options though.
Multiple discussions with multiple types of deal outcomes, or a no deal outcome with ability to get FCF from CE with debt based financing etc.
Other than the share price and time gone by nothing has really changed the narrative here.
I think both of those things make people worried and starts fear.
I'm seeing an improving macro situation within the juristiction and commodity.
Any proper deal will take time and I think the te so far indicates NvS won't give away and the deal being negotiated isnt insignificant. Plus having a large advisor firm supports that.
While I empathise and understand people have frustrations, I'm not seeing the options as binary myself. My stock value has dropped six figures + profit from the peak price here, but I always return to the reason I invested and none of that has changed. It's actually improved.
AIMO and each to their own

I wasn't attempting to regulate your post tk95.
I understand and see your points I'm not too worried about it personally so won't forward myself.
KR
F79

Tk95
I believe those points are best raised with Ben and then amswers shared back here, rather than the other way around.
Clearly no one here can give any meaningful views on those points.
I get your points you are making but Ben may have answers / be able to expand.
May be a bigger picture to it and the use of the funds by POW he can not say.
Who knows...

Ella, I don't normally get involved in the debate against your posts but you really have cherry picked those reasons and described them for maximum 'attempted' effect.
At least try be balanced. I get you're frustrated but blimey you're being the exact opposite of rose tinted glasses. You've actually blinded yourself to the potential positive reasons to delay and even neutral ones.
I'm not the BB police and it's free to post as you please but baffles me sometimes why bother at all if so pessimistic. Sell the last bit up.
Investors are generally meant to have some confidence. You may as sell you're last holding here, start a company with £35 in it and commence a claim at this rate.

I've noticed you've not been talking it down, highlighting all the negatives from people's posts, and every possible risk known to man GTTMUFO.
So it's obviously you're closed your short.
Questionable integrity I'm afraid.

Completely agree Keith. .......

You said "to say you won’t release anything unless ‘definitive’ is really quite poor show and out of line with market practice. It is normal and in fact required to release more detail." That's not quite correct. It's equally completely standard practice only to release results at the end of a complete drilling campaign, not hole-by-hole, particularly (as in this case) where there are commercial sensitivities, or also (again as in this case) where early release of a partial data set could be construed as misleading the market. "Tight holes" is an amusing definition frequently used in O & G exploration, and refers to the bores, not the drillers.

I didn't say it Ben T did.
He will release to market when there is something definitive to release.

If they intercept something significant and definitive he will release IMO. However, if it's uncertain he will get validation first.
Seems pretty fair to me personally.
I've been happy with KAV and BT to date.

If they haven't got anything certain to report after one drill hole in a campaign I'm not going to hang them out to dry.

If anything Ben T has been more than forthcoming with the data he has put out. Siemens readings being one that isn't normally shared. Numerous interviews. Clear on the risk. That this is proof of concept of their model and techniques they have developed.

They've sunk one drill. They haven't even finish cutting the cores. Give it a chance.

Atb

Travel card. Don't suppose you have travelled from China, via twitter, have you?
You're splitting hairs here and you know it. It's AA irrespective of however AA determine it to be beneficial to create subsidiaries. NvS knows about AA he worked for them.
Anyway discussions with multiple majors, however let's wait and see.
Atb

My two pence.

A JV on the KSZ with POW I can not see. I don't see any value in that either. I've not seen any indication from BT on this and only ever have heard him refer to the site eventually needing a major involved.

With regard to RNS news. BT has advised that he won't report anything unless definitive.
Hard to say what he defines as definitive but he has always validated results as much as possible and I don't think he intends to release piecemeal unless he has to.

Warrants is a bit odd to exercise now as they still had a couple weeks or more. Especially given the pow share price is below the warrant exercise price. Let alone the super warrant 5p price. Will have too wait to find out if it is anything more to it.

Atb