Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’m not sure you read my post as your response doesn’t address the point I made. In a share like WRN, where the company doesn’t trade (in the business sense) then buying the shares is simply gambling. So if you win money someone else has lost it. It’s not that hard to understand. I didn’t criticise this, just pointed out the hypocrisy of those who complain about people “wanting investors to lose their money”.
This board is also infested with people who thoughtlessly mouth the platitude that anyone negative is hoping investors lose money, usually tied to the phrase that this makes them the scum of the earth, or some such. Then the next moment they brag about selling out of WRN at £2 or WHET at 35p. Where do they think their profit has come from?? It’s from the pockets of current shareholders who are now sitting on big losses!
Was this cancelled? :( Thought he wouldn’t miss a deadline.
Only 40 mins - come on Aidan, don’t let us down for the first time EVER!
Only two hours to go for litigation update - can’t wait to see names of those Aidan is laying criminal charges against. As Manifesto says, Aidan has NEVER missed a deadline, so keep refreshing everyone!
can't wait for tomorrow when AE will release the full details of the opposition WRN experienced (or even later today - it will be "prior to 18th July") and then on Wednesday the launch of the legal action against the TI interferents and a full update in the legal action, so we will at last know the names of those responsible, the exact allegations against them and the amounts they are being sued for. Plus the "surprising news about the FCA".
It's going to be brilliant!
not sure where you get 18p - "onwards and upwards" from - you bought 30k at 23 p!
The announced deal has certainly had a rapid effect on the share price of Whet. Now down to 18.5p - around 25% down on price before suspension. Another nine of these deals to come lol!
Buller, you say: " never have so many people been so wrong in their judgement ". Have you looked at the WRN board?
Unfortunately the "justice clock" on AIM ran out of battery a long time ago. In the US we can be pretty confident that Rob Terry et al would be in the dock - wet or dry. Here, nothing: just start again with another company. And that is not to mention the whole raft of Chinese companies that were clearly encouraged to list, pay their fees, and then had carte blanche to use the "prestige" of a London listing to steal money on the back of false prospectuses and imaginary trading updates. And with people like JAS123456 around, how easy it seems to be. The latest SER communication said quite clearly that (a) SER had less in its bank account than a moderate size corner shop and (b) that the only significant "asset" it had was a mailing list of shareholders that could be approached to put more money into the company's latest madcap venture. And yet here is one of them saying he is expecting SER to relist in a few months, which must mean he is prepared to throw good money after bad (or at least assumes that a whole load of others are mugs).
So apart from an awful lot of exclamation marks, shouts of "shocking" and tasteless and bizarre accusations of rape, seemingly all that has happened at the AGM has been talk of the recent decline in the cash assets of the company. Jossy's "shock" resignation had been pre-announced in the RNS of 23 October. I am not sure if settling outstanding invoices, even if from consultants and PR companies, can or should really be likened to sexual assault. As for the future, nothing except vague talk of undisclosed plans that will (yawn) need to be kept secret from the shareholders for an indeterminate amount of time. Presumably the new BOD see something of value to make it worthwhile organizing the swamping of this BB with their cheerleaders, but I can't for the life of me see what it is.
No dividend!
well no-one else seems to be interested enough to comment, so I will! This company took a sizable chunk of the Leyshon assets when it split and has subsequently done so little that even AIM won't let them give each other more shares, or sell more to gullible new investors, and that is saying something when you fall foul of AIM regulations. So instead, we are locked in, the shares are unsellable, a large amount of money has been lent interest-free to an obscure outfit on a vague promise of letting us have it back sometime, and meanwhile the company has spent more than a million dollars on admin and "evaluation". Plus over $200k in the last three months alone on "Mt Leyshon holding costs", whatever they are. Every RNS says resource times are tough but that also gives us good buying opportunities. Yes, it does, but have they bought anything? No. What are they waiting for, prices to go up again? I just find it hard to believe that there are worse ways to get screwed by companies than to be traded on AIM, but these guys have managed to find it! Would anyone have voted for this if the resolution had been put "should we just hang on to a ton of your money and do nothing for a few years until it has all gone, while you are locked in?"
Perhaps they should give up and give us our money back like LEL.
we have had almost 10% of the whole company traded, seemingly sold, in the last two days and the share price has not moved. and yet we get no holdings rns, far less any other updates. Surely these sales have at least had to have matched buyers - market makers are not going to hold 10% of the company on their books. It just doesn't seem to make any sense to me.