Member Info for GheeBhee

How can you expect to get government infrastructure guarantees for a mineral mine? Wishful thinking once they announced that they would be using the existing port facilities at Teesside. Fateful decision that one.

Wolf Minerals investors were similarly optimistic and they actually did get financial guarantees from a government, though not the UK's and not for infrastructure. For me the big big risk factor here is the infrastructure fund featuring in the Stg 2 funding plan. No one has convinced me yet that this is an eligible infrastructure project.

How much did a mars bar cost in August 2004, which is when Colin Bird first started to make a bob or two out of Manica, with a bit of help from Adam Reynolds and top Tory Party donor Nathan Steinberg?
https://www.investegate.co.uk/article.aspx?id=20040813110343PFC15

From £100k to £15k in the space of four months. Dreadful decision to convert by the ECL directors, given the subsequent 3p placing.

Partly paid back and partly converted to shares from the IPSOS £3m fund injection.

This is increasingly looking to have gone off half-cocked. I prefer the regulatory certainty of an RNS and authorised filings at Companies House to a swiftly updated website where the cache has been purged. I also prefer my understanding of ratios to yours. Sir Robin's business relationship with a BST director simply points up the hyperbolic sales pitch used at both companies to get them away, with BST currently down at its lowest SP since floating as you will know. Pump and dump is, of course, the life blood of AIM so no surprise there then.

It's worth remembering that directors are paid and can do offset deals elsewhere but I too am a fan of NB and expect to see him on the new board. That said, I don't think this last RNS was his finest hour i terms of explaining what is going on.

Indeed but the point is that existing shareholders are going to be crushed under the weight of equity issued on a 10 to 1 valuation. New investors should benefit from the initial boost provided by self identified hype merchants so existing shareholders will want to be ready to benefit through averaging down. Better have more cash ready in November then.

So, anyway...

PLMO has 118,079,093 shares in issue and they are worth (at most and by mutual agreement) £1.1m because of the cash, dodgy Securlinx loan, dodgy Oyster loan and AIM listing. DPHL has 191,472 shares in issue and they are worth (exactly and by agreement) £10m because they own DPL which has, possibly, a really great and unique marketing offering plus c£600k of debtors and cash. Then, in order to start to turn that £600k into £10m of reality, they intend to raise £3m from friends and family. I can see why you're finding argumentum ad hominem easier than analysis with this one.

Having difficulty getting back into the stream of things are you... From the RNS.

"conditional heads of terms (the "Agreement") to acquire the entire issued share capital of Digitalbox Publishing (Holdings) Ltd ("Digitalbox"), subject to certain conditions and due diligence (the "Proposed Acquisition")"

Formed by Sam Higginson, son of Martin, with Martin and David Marks as directors less than a year ago. Now holds the shares in Digitalbox Publishing Limited https://beta.companieshouse.gov.uk/company/09909897 which was formed at the very end of 2015 so has two years worth of accounts to look at. Its directors are Carter, Douglas (not Miller) Sam Higginson and Marks. Looks like Sam's dad is buying Polemos and some friends for Sam to play with.

From Companies House. https://beta.companieshouse.gov.uk/company/11054216/filing-history

Nope, the shares won't be at 1.1p as that's just the value given for the purposes of determining the split between Polemos shares and Digitalbox Publishing (Holdings) Limited shares. Polemos is valued at about £1m on that basis and Digitalbox Publishing at £10m - not bad for a company only formed last year and with a subsidiary whose current value is about £600k. Then there's the extra £3m worth of shares to be issued from the placing to be taken into account and a probable consolidation. That website NB is buying needs to be bloody good at generating revenue not just hits or this will plunge. http://www.entertainmentdaily.co.uk/

Maybe, but Paternoster have played the old trick of pretending to have sold a few when they are really selling out and leaving you all to it. Whatever it is.

I think the PLMO loan note is due up this week, if not already passed, (see the PLMO update published today).

Well, wherever ITL's assets are they aren't in Dubai. https://www.walif.com/businesses/distributors-wholesalers/intercontinental-trade-dmcc And this small family business hasn't left much trace in London either.

It all takes time... https://www.investegate.co.uk/articlePrint.aspx?id=20040813110343PFC15 Colin's running out of it though. After all, he was 60 then and that was 14 years ago. Hadum Remoulds is there too if you look closely at the signature block. Perhaps it's his turn to carry the baton for a lap or two?

What's brewing in the pipeline is a placing at Big Sofa but not at a premium this time?

You might be surprised but for many of us, especially the team on fact free pumping duties this morning, it was entirely predictable.

The Oyster investment here was obviously meant to support the strategy at related party GUN. It was overtaken by events with Securlinx and then again by whatever is happening now that motivates Dr Burton. You might think that the situation warrants RNS comment from PLMO, particularly as its Nomad and Broker have a foot in all camps concerned. I do anyway. No wonder an avalanche of shares is well on the way.