Member Info for greengrass7

I contacted WH Ireland on Friday and spoke with Katy Mitchell. She said they as NOMAD had no input into the placing it was between the company and Novum, so they didn't advise.
I said,The company seems a bit lax on the PR front, do you advise on that. No was the reply.
Why have the first assay results not been realeased, is it actually legal to withhold market sensitive news? said I. Craig hasn't got the results back was the reply.
That's interestesing as he said in an interview a few weeks ago he had received them. Silence. At this point i realised our nominated advisor didnt seem to do a lot of advising or indeed to be much bothered so i said my goodbyes. I was very underwhelmed.

I don't believe Craig had any intention of doing a placing when he stated we were fully funded. I suspect this raise is the idea of Novum, for the benefit of Novum (no placing they and they're clients don't profit)while threatening Craig with 2 million quid. The lure of the cash proved to much and he agreed.
Novum are a poor operation, there is plenty of information regarding them and there emloyees available. Check the accounts on companies house.
Doe's anyone think its a coincidence that the share price has been relentlessly marched down over the last couple of weeks.
This is how AIM works, probable forward selling,short selling or general unloading of those in the know, the sharks flourish while shareholders get shafted, if you can't accept that there is no point throwing your money in.
I hope i'm wrong but i wouldn't be surprised to see Spread Ex or Monecor declare a TR1.
Unfortunatley this whole episode has eroded many peoples confidence in CB. It's a real shame because there is no doubt of the exciting potential of the company.

I don't think the issue is the raising of more cash,it's the price and timing.
Why wasn't this done a few weeks ago when the price was higher? We could have placed at 3.25 and warrants at 4.75 thus underpinning the price and resulting in less dilution now and at warrant exercise.
For those who are been condescending to those who are unhappy about this remember everyones hard earned is invested and all are entitled to an opinion wether you agree or not.

The reasons given for the placing are very similar to those given by GWMO re their placing a couple of weeks ago, also through Novum.
Novum survive on the back of discount AIM placings,check their accounts on Companies House, pitiful figures.
Scenario- Novum contact Craig saying they have 'investors' who are interested in providing the company with money and conditions are ripe for a placing. craig ums and ars, Novum talk him into it, they get their fee, the'investors' get the cheap shares and ECR get some cash. The shareholders get pain, possibly short term, but pain nontheless.

Because the placing was arranged through Novum our bucket shop broker who would have all there mates lined up to participate. This is a very poor show, if ECR need more money why wasn't this done when the price was in the high 3's, it was there for long enough? CB's lack of updates twinned with this is completely contemptuous of shareholders.

https://twitter.com/andrew_neal7?lang=en

Andrew Neal on Twitter-
A complete over reaction as JV partner doesn't complete full drilling campaign & asks to extend period - so what, no big deal especially when they keep finding gold

Taken big wedge to trade back to previous range
I've done very nicely following this man.

I'm not sure what to make of this. Has the Prof played a blinder or shot himself in the foot. The talks with Demir have clearly been going on for a while and i suspect things are fairly advanced. If AAZ had of had an inkling wouldn't they have terminated earlier and informed the market rather than both companies issuing RNS at the same time? Seems like an agreement to restrict damage to both companies share prices.
I wouldn't be surprised to Demir or close associates buying shares in the market to furthur strengthen they're position.
Interesting times ahead. Any major weakness and i will be adding substantially.

amazing responsonse to a positive RNS. Seems to be the the way at the moment with both THR and RMM also with early momentum on positive news and the falling back. It seems one seller sparks a herd like panic. Strange but everyone to their own.

Morning Sanboy, I've E-mailed iii regarding the proxy form and highlighted the urgency,just awaiting a reply

CliffEdge. I sincerely hope your right, i'm holding 58m so i'm defo on the lanch pad.

As we sit around waiting for the much anticipated RNS i find myself wondering why anyone is selling as evidenced by todays trades. Surely if you've researched a company and had the confidnce to buy on perceived positive news then why the hell would you sell before said news and miss out on possible decent gains. I suppose its down to aversion to risk but i'd imagine anyone investing on AIM is aware its often high risk, high reward.

Hi Orion, thank-you very much for your knowledgable and interesting contribution, its appreciated.
As a matter of interest Re Gervaise Heddle have heard any rumours of where his next corporate stop may be?
Regards Greengrass

15 billion + shares traded in the last 2 days. EGHOS have taken 1.8 billion, proably forward sold. The price drop is now Pi's panic selling.
Can't understand anyone having a go a Lion, all they are doing is stating the facts that are available to anyone who care's to read the RNS's.
Any ire any one feels should be towards the incompetent who got into bed for such an appaling deal with a fund that are essentially loan sharks.

Interesting. What's the betting a dicounted placing is been rapidly arranged to give the offside MM a exit route ?

Take the emotion out of how you vote ,if the conditional placing fails then company will proably follow and we will all have lost our total investment.
I believe that with a bit more time,the assets are good enough to increase value from these dire levels.

Good Morning Folks, I have also received a reply from Mick this morning,in which he states-
'Please note that Paul Johnson did not participate in the placing and I firmly believe had no prior knowledge of the placing prior to the bookbuild'
He also states that he believes someone approached regarding the placement has talked or traded and the company is trying to find out who.
He makes a really good point by saying-
'I am familiar with placings on the ASX where practice is for a trading halt during the bookbuild period. This is a good mechanism to prevent this type of behaviour, however it is not available for AIM.'

a1m, not sure that Hybridan are complicit. I got the sense that they are very frustrated with the whole process and are somewhat bemused by the lack of a deal. They only took Thor on a few months ago ,getting involved because of what they saw as value in the assets.

A1m, my understanding from Hybridan regarding the placing was originally it was to be at .30 but there were not enough takers. If i understand correctly,it was a very guared conversation, significnt shareholdres were asked at what price they would participate. The indication was that without the placing at whatever price it was lights out. The situation it seems was desperate.
At that time it would seem that there was no official notice that Paul Johnson was not still the second largest shareholder.
The main problem to me is the total lack of disclosure and tranparency from PJ.
I have emailed the company suggesting they investigate PJ's dealings. If there is nothing to hide it shouldn't be a problem.

I don't think the issue is paticularly that he has sold,it is the timetable of events.
As i stated it will have taken a while to sell that many shares. Would he not be obligated to repot to the market after each transaction for the purpose of transparency to the market.
How much notice did he have of the placing?
As a major share holder he will have asked to participate.
As he has not notified the company till to today that he has sold,would they have offered him many millions of discounted shares believing him to still be a significant holder?
Hybridan indicated the placing price was essentially set by major shareholders, i suspect they had no knoewledge PJ had reduced his holding. How much influence did he have re the placing price.
I think the company should instigate an enquiry into PJ's dealings here.
As i also stated he is free to sell at anytime but the correct market protocoll must be followed. on this occasion i smell a rat.