Member Info for Genghis15

DC
i wouldn't ever put too much faith in statements like that. They are neither legally binding nor linguistically categorical, and I've seen too many placings in other companies soon after statements like it.

Not saying that's the case here, just that that's a pretty standard statement and excuses/good reasons can be found to override it if the Bod deems it expedient.

the exploration has panned out fine so far, and there seems no reason why that won't continue. this is a growing co with multiple expansion prospects at Segilola, and future development in Senegal. These will be best funded art least in large part, by cashflow. It would make no sense to buy back sgares now only to raise/borrow later.

v pleased with mgt here, Segun seems to have a plan and is sticking to it. If SP stays this low too long at current gold prices, someone will surely come sniffing.

I don't for a moment think mgt needed incentivising, nor was that the main point of the issue. Imv the messae for investors is Bod can see v +ve future and want their noses in the trough, as would we all.
The fact they are happy with a strike price double today's is very +ve.

Should be good reading.

H mcH
Can you clarify if your figs take account of Piedmont 's 50% earn in to the project (not the offtake).?

LL, yes I largely agree. Any sov state holds a lot of cards and that's true here ; tho they will be keen to progress the development they will want their slice of upfront cake, as well as the ongoing employment/taxation and spin off benefits of the project once up and running.

And ALL needs a bit more cash too, so this imv is the obstacle to a much higher valuation. I suspect all these issues will resolve at one fell swoop, the unknown is how far existing holdrs might be diluted, which is giving many pause, including me.

As ever, we shall have to wait and see.

This is an impressive level of director buying.

I am sitting on the sidelines for now awaiting the Ghana SWF buy inand confirmation of the final piece of the funding jigsaw.

But..../ this level of director confidence is tempting me to dip my toe in early.

As someone points out on another thread, this is a sound divi payer which should not just return a steady divi, but as and when rates trend lower should appreciate, too.

It is not one of those get rich quick scheme where the BB is infested with talk of ramping and deramping, and I suggest anyone here talking of such is best ignored. As are obscure Latin quotations, which tell us nothing about the company but, quite intentionally, everything about the ego of the poster.

Maestro, u seem to be missing Oak's point. Which is that regardles of today's known facts, Orca could come back with more damaging allegations now they have prey in their sights, indeed their strategy could almost compel it.

I too am tempted at this level, but caveat emptor, the sharks are in the water and I for one ain't jumping in till they're gone.

Indeed, all looking good here. I too will look to add on any weakness.

"someone will then take out the whole company for a nice premium at that time"

Probably. But having shafted holders once, do you imagine they'll not get shafted again?

If you pull a stunt like this once, you've got an endgame in mind, and I'll wager the Bod and large holders will grab any gains. There are ways, and they're easier in a less liquid market. Having delisted once, what will stop them delisting on ASX and going private?

Happemed at JKX once they saw the money, tho at least they got screwed over themselves by VVP in the end.

TT, I tend to agree. Anyone trading this share now better know what they are doing.

he will comment in due course 4 sure. the issue here is trading ASX , and liquidity, in the short term.

LT tho, the more serious issue is that BoD credibility is destroyed. Who wants to invest with directors who have not just manahed to screw up a fabulous asset (I refer to the holdings in SFT, and the NSRs) by getting caught out with financial instruments and other investee companies, but on top of that shown willing to screw over their UK shareholders?

Yes, that works 4 the article, but not for comments, at least for me.

Dreadful reading. To get caught on the wrong side of financing as a forced seller tells me that the Bod are not smart enough to be playing with complex debt indtruments like collared loan facilities, etcs, together with modelling future cash calls from investee cos.

tempting to sell and get out when the Bod tests ypur confidence in them, but i will hold.

Bcos it's not that long b4 Motheo starts up, and the royalties from that once flowingshould be transformative not just for revenues but also NAV.
Fingers xd the Bod can be patient, and not rush into some smart**** forward finance/investments that erodes their value.

I doubt it, far too soon after the last one. There is even a chance of avoiding any future placings, tho that will depend on offtaker interest and available finance for the coke batteries.

Well, I get a 404 error. Tell us, what IS the gist of the most liked comments, and what are you inferring from it?

His point is he's been proved right.

I like Myles' analysis but you're quite right he keeps pretty quiet when he sells out.

Tbf tho, if he has sold here, it willl, I think, only be his ST trading PF, not his LT holding. If anyone is sold on AVCT LT potential, it seems to be Myles.

But as always, dyor, and remember LT convivtion buys can be a longer time coming than thought. They can also be wrong. Uncertainty is the name of the game with early pharma/bio, whatever anyone says.

Perhaps you could share with us your qualification and experience to pass this judgement , ,

CEOs of cos like this have multiple objectives to pursue, sometimes complementary, others contradictory, all of them challenging. Either trust the BoD or bail out.