Member Info for greengrass7

We raised 700k in March, i think it unlikely another raise is imminent, although you couldn't rule a future one out.

The need for any father raise should hopefully be negated by the issue of the permit, giving the company the ability to be self funding.

Moon i have continued to give you the benefit of the doubt but if you find it funny that the share price is falling and people are losing money then i have no option other than to agree with Chisler's assessment of you.

Quoted .0418 to buy 5 million, cant get a sell quote for any more than a million. This makes me uneasy.

Whilst i have some grievances with the occasional company decision i find it very difficult to blame them for the permit delays. The RNS dated 10th January stated NDEP were giving the company's permit some priority, really! Three months later and nothing, that's now over a year. A pretty inexcusable and pitiful performance by any standards.

The only upside is that with the price gold on a upward trajectory we are going to get a significantly higher price when we start producing.

Moon, i share your frustration but can you stop posting the same old same old continually, it's become very boring.

I noticed those trades APR, looking a the timings i was thinking rollover.

I have e-mailed the company to register my disgust, i do not expect the decency of a reply.

While i have no problem with the company raising funds i have massive problem with cash been raised at this ridiculously low level.This just shows a total disregard for and lack of respect for long term holders, most of whom are sitting on significant book losses.

No matter what level a raise is at the market adjusts to that price, so why not raise at a slight discount to the mid price,rather than these shocking levels, this would show confidence in the company and probably encourage a number of others to buy in the market and push the price up ,ensuring everyone is happy. Instead the raise is done through second rate rate brokers at 'mates rates', thus sending a very negative message to the market and angering long term holders. It seems very shortsighted and amateurish.

Strange also that the subscription/placing wasn't carried out by the useless SP Angel, have you seen through them and inadvertently gone to someone just as bad?

I have built up a holding of 100 million shares basically on belief in Brian Hall, i feel he has betrayed this belief.

The kindest thing i can say is that i am very disappointed.

Regards from a very angry Greengrass

Would it not have been prudent to have waited until the permit had been issued, that should give the share price a boost, raise then at a higher price thus getting the money for less dilution.

The permit cant be far away, we've been waiting best part of a year. How incompetent do you have to be to not be able to effectively produce a piece of paper in that time.

I have no problem with the company raising money, its the nature of the small cap exploration game.

What i do have a massive problem with is the shocking level at which this raise has been conducted at.

No matter what level the raise is the market adjusts to that price so why not raise at a very minor discount thus issuing fewer shares to get the money required meaning less pain for shareholders.

i'm sorry to say it would seem the company couldn't careless for the shareholders, we are the regular victims of the company's use of shyster brokers. I thought Brian Hall was better than this.

Whilst agreeing Rowan is absolutely useless, it would appear Player is doing his best to bring AEG to it's knees.

I wonder why?

Hi Loads,

Unfortunately i have neither a crystal ball or inside information,all i have is 27 years of trading on AIM and witnessing the lack of transparency and the surreptitious and questionable dealings of brokers,funds and market makers whilst shafting PI's.

I believe it was Eric Sprott who said private investors are the plankton of the stock market. How right he was.

I agree on the buying opportunity and have added another 5 million shares, that takes me over 100 million so fingers crossed.

Sorry, Cantor Fitzgerald.

It would seem someone is keen to keep the price in the doldrums, down 13.6% on a miserable turnover of 10 million shares.

I'd expect another reduction in holdings RNS from Cancord/SpreadEx imminently.

If these clowns weren't selling the price would of continued rising and then they could have sold at a decent profit,it all seems barmy to me.

It would seem the only thing holding the price back is the constant selling of Cantor. Why would they pay .055 and then sell for less, it would appear at one stage they sold at.035. It's as if they don't want the price to rise so they can make a profit.

Live .062- .065

The last time this happened was just before the last placing when SpreadEx sold millions, so lets see if history repeats itself thus confirming insider trading.

I'm not sure we can totally blame the management for this s-it show i think its down to the useless NDEP who in 9 months haven't managed to sort out the permits. I can only surmise that if we weren't getting them they would have had the decency to let us know.

I think the share price is on the floor because the staggeringly incompetent NDEP has not managed to produce the licences in nine months. This hold up has now become shameful.

This is all very interesting.

My initial thought was that the funds would be returned to the placing investors and the shares cancelled as the deal fell through.

Now it seems we are using the money raised for exploration and every day company expenses. If this is the case then it is excellent news. We have effectively raised at .50p, more than double where we are now. Surely a re-rate to that level is imminent.

Rostra holdings and Wonderful Group are holding around 30% of the company, it seems unlikely they would sell while so far down. Indeed will they buy more shares to bring their average down?

Paloma seem to be big winners at the moment having sold 400 million shares at .50p.

Intriguing.

I would suspect those that took part in the raise will get their money back and the issued shares will be cancelled.

I'm no math's genius but the last placing was at .055 and most of today's sells are below that level indicating any placee selling is doing so at a loss, hardly getting out of jail free.

Sorry ,double where we are now.

So that's the 400 million Paloma shares and the extra 80 million from our raise accounted for, Rostra Holdings Singapore, a global investments holding company. Do not forget they paid .5 for their 18.86% of the company, half of where we are now!