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So now it's my fault that someone sells 1.3M share haha give it a rest, if someone has that much invested in an AIM stock, I can assure you they don't need to read the opinions of this board to make transaction decisions.
Bitcoin talks about volume.....that one transactions takes us over average trading volume for last 10 days.....its a significant sale
Well mental your suggesting without saying.....as you just clarified. If people spent more time calling a shade a spade in this world the easier it would be.
Said it before I say it again "don't p!$$ on my back and tell me it's raining"
Surely if I'm invested in a stock and am happy to discuss its bad points its testament to a balanced view. I said 6 months again that end of year would see activity for a placing. The very fact its now materialising confirms to me that the cash burn of this company is about right for my calculations.
Youre damn right I'm obsessed by it, anything that disturbs my position and reduces my potential to make a return is at the forefront of my priority list
I said in the 2nd of December that the presentation would be the precursor to a raise.....today we have the presentation, a placing is a matter of time and the cry babies come out in force saying it won't happen. One of us is right, time will tell.
Mental, the graphic availability doesn't take away from the fact that we were told in interview it was an 150m away and was discussed on the board. Its not condescending- simply pointing out its not new information.
Bitcoin and Mental at it again trying to discredit people's opinions by suggesting they aren't invested. I've been one of the most open and honest about my position (which hasnt changed) do I need to prove it a 4th time?
It's plain to see that a placing is being lined up (possibly as a contingency if future asset sales are dealt a blow) the question of if its before or after results is one I can't make up my own mind on. It defies logic to suggest it would be before results, assuming they are good. If they are bad however, the company won't see a decent return.
I think results first then placing.......but people need to start being a little more honest with themselves
No scaremongering about it.......look across all of AIM whenever presentations come out, placings are generally close to follow.
Don't take my word for it....the market has opened and dropped 5%
Lots of "plans" let's hope one of them comes good
Mental it was clear to most investors here when they said last blue moon hole was drilled 150m away from the 2019 holes
It's the fact they said first 2 holes were twinning, then they released an "extension" with poor returns
Another blah blah blah......they just need to go media black out and start producing the goods.
Talk is seriously cheap here, and to top it off they missed an opportunity to capitalise on a rise. Charts looking poor again as these stop losses are triggering....bringing the price down more.
The significance of a poor chart means seasoned traders won't touch it. Traders are arguably more important in aim and they can trigger a rise and shift momentum
TS if it comes......IF is the big word there. Until there is an RNS stating sale the money is going down and the runway is disappearing.
If AH wasn't fishing for futuring placings, even as a contingency, I'd say he was asleep at the wheel.
Come on now, this isn't our first trip around the block....
Big difference between then and now mentalmax
Rig purchase, drill works, ground works, travel costs, business costs, salaries, advertising/marketing costs (Alan Green is Brand PR remember) and fundamentally not much coming in to offset it.
Dont be naive sir, it didn't happen then but unless we find about £1.5M from somewhere or we won't be doing anything next year
I'll be honest, last few interviews I've not bothered my backside watching.
They are completely worthless.....especially what was spoke about at the conference.
It's paid for advertising....nothing more, nothing less. What is frustrating, as you mentioned, is how slow the supply chain is to minnows in Australia.
friendly jurisdiction yes, but only if the face fits
AH came here to seek participants for the next placing.......if anyone thinks different I fear its a bit naive.
The "new investor presention" will come soon and that's a tell tale it's coming.
I do however believe they will want the sp to be higher before this happens, so hope that next news will help that get above 2p
I doubt they can't tell you anything about licences because it's another thing they can't control it.
My idea of what happened based on AH carrot dangle:
ECR - "hey Vic gov, we have multiple licences floating in the ether.....any idea when you will start to grant them?"
VIC - "oh yeah, sorry about that.....all us governments around the world are flogging the COVID excuses and we are a bit behind. Even though your applications are pre-COVID, but don't tell anyone. Anyway, we plan on getting a whole load done before Christmas. We promise.
ECR - "well that's just great guys, sounds good"
ECR then dangle the carrot that the expect decisions to be made before year end as that's what they took from the government receptionist.
Honestly, it's getting to the point they shouldn't dangle any carrots just let the results do the talking.
We can't control 3rd parties, for multiple reasons, but remember we are tiny potatoes to these people.
With regards go Bailieston:
EL006911 - Jan 2019:
https://earthresources.vic.gov.au/licensing-approvals/location-of-licences/licences-near-me#lat=-36.74024526335618&lng=144.87787015147978
EL006912 - Jan 2019
https://earthresources.vic.gov.au/licensing-approvals/location-of-licences/licences-near-me#lat=-36.73397450904653&lng=144.95439357467467
EL007296 - Nov 2020
https://earthresources.vic.gov.au/licensing-approvals/location-of-licences/licences-near-me#lat=-36.8041804694948&lng=145.06610187222142
That's the one that links the segregated Bailieston plots, so probably most important to the easy
How many of these are still in your SIPP taking up all the valuable space for your profits?
"SnipVW
Posted in: ECR
Posts: 451
Price: 1.05
No Opinion
RE: Director purchases31 May 2022 11:00
Everyone should be panicking. TS you've done nothing but spout nonsense on this share for the last 2+ years, along with a few others. How do you know how much cash is left? Adam's 'appointment' is nothing to get exciting about, why would it be? He's looked foolish in every single interview he's given and nothing he's said has born fruit.
I'm still holding some of these in my SIPP and have written off every seeing a bit of that money back. 100% there will be another massive dilution coming very soon."
I don't dispute his technical ability, I don't think anyone can find a post that I have authored to suggest otherwise. However, his business acumen is mince.
He gets excited by small anomalies in the structure.....funnily enough because that's what he loves. He's a geologist, a good one I don't deny, but he's not someone who should be presenting to the public.....too excited too quickly and not in keeping with the demands of a floated company.
Creating expectations when their are few is a Craig Brown thing.....let's not repeat his mistakes.
If I have a problem with my car, I want the service manager to tell me how he is going to resolve it, I don't need hear from the mechanic - even though the mechanic is who is doing the work...
I know they read this board and I respect what is being done, but the sooner we start being truthful the sooner we can move forward
I certainly think the only real thing of commercial value in Bailieston is Blue Moon. The rest of the HR's were never (go back a couple years in my post history) up to much, imo.
Victoria in general is certainly interesting with Creswick and potentially outer ballarat (but that's a sub 500M stretch of DMS Strike zone)
What I will suggest , in contrary to your belief, is no future joint venture partner will give us a penny for anything we currently have. Farm in yes, and I hope a deal is for them to exclusively pay for drilling and subsequent costs for a larger scalable stake in the field. To think they will fund our work in Queensland, is not only outlandish....but completely misguided....in my humble opinion. Based on how the vast majority of joint ventures are formed, I say your are wrong.
The only hope we have of funding Queensland are below:
1. Asset sales - obviously not included in JV
2. Rig contracting (which ECR own a subsidary)
3. Placings (I hope once the SP is many levels higher) but it is coming and it won't be for £100K. AH hasn't been in the UK last two visits exclusively to give you presentations.....no need for accounts team for that.
4. An outside chance that once a JORC resource is in play, resource based lending from many Aus Corporate banks.
Again it's a long way away for that