Member Info for GreenWolf

Bigeye - I see another leopard doesn't change it's spots. Are you bored at home?

Do you honestly see that people are going to be fighting to get back in here aerial??

I meant dilute our share price

Are you sure all those buys were in fact buys? The reality is we're working through the however many billions of additional shares that have been issued, so it's going to dilute our MCap at some point.

esquimo - I agree, Alistair needs to release an RNS, but it needs to be very clear with tangible production levels and a reminder of how near we are getting (hopefully) to break even. The market is quite clearly underwhelmed with us as a company and only the BoD can change that sort of sentiment. We had a corporate update last April so hopefully there is something on the cards. GLA and stay safe. GW

Placing shares?

John z - the only way AM will maintain credibility is to deliver returns. The RNS messages need to get rid of the potential excuses, the ifs and buts and the jam tomorrow messages. I agree the wording looks better, but we've just gone through more cash raising, more dilution and today's RNS just confirms weve effectively done sweet FA for the last five months. The market speaks far louder than any of us. GW

Sausage - look at the first six words again. If we don't break even the excuse will all be around the lack of working capital, or was it the weather, or was it Rufus? I don't want the market to feel AM is simply another RS.

aerial - of course it's to stop sellers. The bid is low because they don't want shares. They have 5billion lined up. You know as well as I do that the real spread isn't c40% though.....

aerial - he didn't mean AIM shares though.....!!

aerial - perhaps it was the rise that was the anomaly as opposed to the drop. Bid is unchanged now from yesterday. Market makers make markets....the RNS used words like "expectrd" and a perception of more excuses - we've been reading those for years. GW

aerial - although there were lots of things we "expected" from previous RNSs that never materialised...….

Sorry to hear that JohnZ and hope you're ok. GW

aerial - it's slightly irrelevant - the resolutions were passed and there will be no price sensitive info discussed at the meeting just further reiterations of what's in the public domain. All we truly know is the BoD now has the carte blanche to issue 5.5b shares in addition to the c6.8b we already have. That's decent dilution and yet again going against what was clearly said in a RNS in September 2019 - "The Company's intention is to satisfy subsequent repayments through cash rather than through the issuance of the Company's ordinary shares to Lind". And we think AM really has shareholders at heart? GW

Fred - I suspect HRNet have forced the change at board level. They will be serious hacked off at the share price performance over the past six months.

Poker - I don't see administration on the cards either. The P&L shows Net Assets of c£90m over the previous three years excluding 2019 where we were at c£85m mid year. But the key is keeping the debt down. GLA

Sure it's a buy??!! :-)

The continued decline in profit (or continued re-reporting of lower figures) means the servicing of the debt is becoming the problem. It's gone up to £60m - we raised £37m last summer to drop our interim net debt from £89m. This is the primary issue and is weighing us down and the market is reacting along with the HRNet £1.80 purchase seemingly not a pre-cursor to a bid. We're hugely oversold at this price, but it's a question of when it's going to turn on the technicals as we keep closing below our lower support level. With regards to shorts - not sure who is shorting it - Lombard Odier were the last notifiable position on us and they closed out at the end of June last year.

kelladee - going "before 31 March 2020". He's still there.....GW

K0sh - the margin is the issue - if you are making no return on your costs then you can't service your debt, however small. It's like having a credit card and only paying the minimum you can afford each month. The c£40m placing last July demonstrated how important it had become to reduce the debt level, because it was simply not serviceable at it's previous levels. There are a few key issues for me that subsequent RNSs seem to be doing nothing but exacerbating - servicing the debt and what / how the "strategic option" the BoD keeps talking about fits into this (another placing?) and also margin. The overall business model looked sound on the previous EBITDA figures, but these keep getting refined / reduced and more skeletons keep coming out of the closet. That makes investors nervous and drives the selling we've seen and that's why I sold out and am sitting watching on the side lines at the moment. GW