Member Info for gemstar

Difficult to know what's going on here
'Going by the rns’s they started the day (31/05) on 241m and ended on 174m'

Board notified of this on 6th June, 4 days ago?

Just another death spiral folks

They have at least 241,799,020 shares to shift, bought at 0.27p

Lost track m7s
How much Atlas ?
How much subscription?
How much warrants ?

As I said before, the $40 was the group debt owed by the Zimbabwe Gold subsidiaries, which would have been removed from the group consolidated accounts when they were sold
What the gold subsidiaries would be worth today is a different question

As soon as Atlas executives saw the price unexpectedly quadruple, they obviously decided to seize the moment and cash in as much as possible
I blame myself for not having foreseen this
Although I had a nagging feeling that retail investors would not somehow hold on to the increase in price, attracting predators

I will agree with Fantasy that the recent Atlas debacle was almost the last straw
"It's ok, Atlas have agreed not to convert pro tem"
Price quadruples
Atlas sends in $200,000 conversion notice
It's ok, Atlas have been repaid and the bonds cancelled
Atlas send in $800,000 conversion notice
Share price halves
I think Prelea is naive dealing with modern New York trained bankers, you know the guys who caused the 2008 banking crisis through their greed and fraud, and caused $15 trillion of world savings to vanish into the ether

The capitalisation will not approach £130m until proper profit, so is basically irrelevant at this stage
£60m, ie a four bagger from here, easily nailed on achieveable, particularly after July increase in production

This is a cash subscription by long term holders, and almost certainly priced in
It will push the companies capitalisation up to around £15m
Company worth at least £60m, ie a 4 bagger
Board say independent NAV, based on lower commodity prices, north of £140 m

Nonsense. You're lying to yourself now
They didn't need this seminar for that

This from another site

'Veteran holders will recall that prior to BP license, Vast share price was around.50p capitalised at £20m
Punters expected after licence and with finance, around .150 at £60m with an upleap if Zim happened
We now have licence, finance, production with upgraded equipment,cash and an uplift in the copper price
£60m seems now a pretty much floor and base camp with no further dilution expected
Prelea is reported as having said they do not need to spend any of the Atlas $800,000 on new drills, as increased production will provide the cash by year end

The usual explanation Sandy is MMs forcing the drop to let in mates
In a universe, far, far away, the all knowing, all seeing ones

"It was a buy look the trade price, explains the drop at 4.20pm."
In what universe does a buy at £72k explain a drop?

Agreed .
One was hoping after all the failure, and with all the time and money, they would have clearly reached their objectives
Management's explanations and spin at seminars not the same thing

Excellent series of posts there Wress
Keep 'em coming
Ignore the h8ters

Obviously you have to provide collateral , particularly in a jurisdiction like Romania

“ So they did a 473 million share placing instead”

Yes, some of us have been calling for this for at least 12 months

With non convertible debt

It usually signals forward selling on a placing

Agreed Sandy
But with the new equipment they should now get their act together
Certainly those close to the company seem to agree, putting their b*lls on the block

“ you were caught with your pants down at 52p, if you expected to rise to £2.00.
Multiple x4. ”
Precisely the point
This was prior to BP licence when the company was valued on the market at £20m
Now with finance, a working mine valued at a minimum of £70m, imminent machinery upgrade, and everything else, and copper on a roll, this thing has to be worth at least £60m

Actually with a capitalisation of £16m, after all the dilution and receipt of £7m cash, I’m looking at 3.5p as base camp