Member Info for greengrass7

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!

The pre-suspension share price here was based on the potential of the company's 'assets', the reverse takeover deal had no bearing, so not quite sure what has changed on that front to cause this sell off, just the usual AIM panic i suppose.

I would say a pretty pleasing update. OK things are slower than anticipated but it looks like that is down to the permitting issue. As is often the case the public sector holding up business with the usual post covid excuses of high workload/staff shortages.I would anticipate(hope for) a significant re-rate when things come together,probably spring time. In the mean time no panic.

Interesting though, This mornings RNS's account for 620 million shares probably of the 700 million we issued to get the £3.5 million, so another 80 million shares plus the 400 million shares that Paloma sold, all at .5 ,to be accounted for.

So some big hitters are seriously underwater here. I wonder what course of action they will take?

Or escaped..

Not yet ,we still hold a 10% interest in the targets.

Looks like we've swam with the sharks and got bitten. Paloma look very dodgy.

In the last few weeks the company has raised 3.5 million quid at .05 and Paloma have sold 2 million quids worth at .05, that's a lot of money. I find it hard to believe whoever has bought the shares has not done some serious due diligence before parting with that kind of money. I believe Paloma disposing of their holding was always part of the plan and also suspect yesterdays events re Paloma would not be completely unexpected.

The deal was always a long shot but In my opinion the company is very undervalued even if the deal fails.

The plot thickens.

Should we not have had a RNS as who has bought Palomas holding as its a significant amount?

Morning folks, while i share everyone's frustration at the lack of progress and updates i don't totally blame the company.

We are awaiting a long overdue licensing decision from the NDEP whom it would seem are as competent as much of the British public sector. This delay has caused GWMO to fall off many investors radar, indeed a number seem to have sold up out of boredom or lack of faith.

This year we have had two heavily discounted placings, we bypassed the useless Novum and used the just as useless SP Angel. Clearly the news of a raise had leaked and in the couple of weeks prior to said raise the share price fell mainly through selling/shorting via spread betting companies. Hence the lower the market price fell the lower the eventual placing price would be.

The lack of any communication from the company is also very disappointing, even if there is not much to report a general update would be welcome.

The main thing that is sustaining me here is that Brian has got reasonable skin in the game.

As for GTTM 's constant yattering about another placing, he may be correct, but without any licence news i shudder to think at what price that would be.

For the record i expect a positive outcome, just not in the hoped for time frame.