Member Info for greengrass7

Why are raise's always at significant discounts? It seems totally unnecessary as the market always adjusts to the raise price so why not raise nearer the market price, thus maintaining better relations with existing shareholders and less dilution.

Unfortunately companies are advised on raise price's by their NOMAD's whose main interest is getting the placing away for as little effort as possible to claim there fee. Our NOMAD is the appalling Allenby who have serious form in this regard.

Pedro, you seem very keen to accuse some of the regular poster's of ramping, i've had a quick look and all i can see are quote's and discussions re company RNS's. Could you please give some example's of the alleged ramping. Thanks

Moon, you've said there is going to be a placing half a dozen times a week for the last six month's so the law of averages would suggest you will be correct at some stage, hardly makes you insightful.

Person or person's unknown has been selling this down since the permit was announced very likely on a short via a spread bet in the hope they can buy back on a discounted placing. I suspect this is their last push to get to .02. I would also suspect it's someone with a connection to the company. Indeed before the last two placings we witnessed significant selling,quite clearly insider trading. As ever something stinks in AIM land.

A placing? You've not mentioned that before. Oh hang on zzzzzzz

Anyone one else a little bewildered that anyone would sell 38 million plus shares at the lowest price ever when the mill is expected to be up and running in a few weeks time.

Having seen the videos i'm more optimistic than i have been for a good while.

Blatant insider trading, similar thing with Rockfire recently, the link, Allenby is Nomad for both.

Decent volume, mostly sells.

Someone sold 100 million shares (4*25 mill).

Is Moon's much vaunted placing about to happen?

Are we witnessing blatant insider trading?

It's about time Brian 'Nero' Hall made a statement to the market, uncertainty is killing this share.

Would that be the placing you've been yattering about for the last 4 months?

I guess eventually you'll be correct but who knows at what price. If we can get stated producing and the share price rises then any raise price should be higher than where we are now. Of course if your mate keeps selling and forcing the price down who knows, certainly not you or i.

On the bright side when we do eventually get producing we are going to get a significantly higher price for our gold than a few months ago.

MikeD, Fully agree the PR and comm's are very poor. Share prices usually fall on lack of new's. Very disappointing all round.

Dannybarey, too much mate, no need.

After the recent placing i e-mailed Mr David Price to register my anger and disappointment at the raise price, unlike some director's he actually took the time to reply.I think it would be wrong to post the whole reply but i thought this bit may offer some reassurance.-

'We, as a board and our technical team are very excited as to how big Molaoi could eventually become and we will pursue the exploration and development of the project as rigorously as we can. This will be through advancement towards production, as well as expansion of the resource itself.

I am always available to approach for clarification and more detail and I hope the above explanation goes at least some way to addressing your disappointment. I, and my Superannuation Fund are heavily invested in the Company, and collectively, the board holds 19.5% of the shares, so we are all fully conscious of the pricing, but also cognisant of the future opportunity Molaoi offers.

So the board holds 19.5%, Rostra Holdings holds 15.55%, TPM Middle East holds 10.10% and Wonderful Group hold 9.98% so that's 55.13% that you could say are tightly held. That to me shows confidence in and underpins the company.It would not take that much buying to send the share price significantly north.

Thanks Topof,

Whatever my personal view of Moon he is entitled to post opinions after all we do still live a democracy (i think) and it seems apparent that English is not his first language so i'm not keen on the posts that ridicule his grammar.

Hi Topof, I think you'll find people are fed up with Moon not so much for stating the obvious, but for the incessant number of times he state's the obvious, pretty much on a daily basis. Don't forget this is someone who took pleasure from the hurt long term holders were feeling after the last placing. He seem's very interested in gloating, possibly a narcissist.

We are where we are mainly because of the appalling actions of the NDEP who took an inexcusable amount of time to grant the permit.During what was pretty much a year's delay the company ,inevitably, had to raise funds thus putting itself at the mercy of bottom feeding brokers who's only interest was getting a placing away at any price so they could claim their fee. I think the company realised this,evidenced by the fact the last three placings were through different brokers. This made no difference, spivs abound it would seem. Another massive negative weighing on the company is having SpreadEx on the share register, they are a disease that weighs on any company there are involved with. These issues plus a few teething problems with the plant are allowing negative forces to force the share price down in the hope they can take advantage of a discounted placing.

I think the company's potential vastly exceeds it's market cap, we will shortly have an income so i think it's now a massive buy for any new investor's.

Ffs Moon you've been mouthing off about a placing pretty much continually since that last one so the chances are you will be correct eventually. Small exploration companies often need to raise funds, it's the nature of the business so just accept it.

You really are a bore.

What is more obvious is that the company is under attack from a seller or seller's with malicious intent, one might suspect your involved Moon.

You could almost believe that this constant selling is been carried out in a malicious way to damage the company.

Why hasn't there been a holdings RNS? The pattern of sells would strongly suggest its the same seller.

JB, are you suggesting there is no added value in the recent resource upgrade and the share price won't rise from this level?

Company raising cash, no problem, company raising cash at this level ,massive problem. I find it very difficult to believe that this was anywhere near the best that could be achieved after the recent resource upgrade. Of course when you raise through bucket shop brokers such as Allenby there will always be issues as their main priority is securing their fee.

This is down 23% on a few million sells even now only 19.5 million has been traded so low volume.At these numbers it's unlikely it is anything other than a bit of guess work.

We all realise that something needs to happen Re funding, but what? I would be very surprised if it is anything to negative. With the resource update there is plenty to entice serious investors.