Member Info for guzzler1962

Threshold was crossed on Wednesday when Mcap was nearer £340K

This is nigh on impossible to trade. There's not enough SP movement nor liquidity to make it worthwhile.

Selling is probably folk bored to tears, fed up of waiting on what appears to be a typical penny stock CEO hot air.

Simon has to be a parody account.

You think this is going to rise 100% just prior to a trading update?

It's dropped 18% since you last claimed this was going to the moon.

Who on earth pays a premium price for stock when selling in size is a problem? Madness.

Here's a little snippet of the guff spouted by NvS 12 months ago

As we forge ahead, our shareholders can expect regular updates on the progress of our exploration activities, including the results of the geological studies, geophysical surveys, and, most importantly, the drilling campaigns. We remain committed to maintaining open and transparent communication, keeping you informed every step of the way.

I wonder what spin he will attempt this month?

He will need to come up with something original because apart from the usual deluded souls nobody is going to fall for his nonsense this time around.

I haven't a problem with 99% of what Ranger posts.

I've just pointed out, for balance, what happened the last time Bond restructuring was adjourned but later voted through. Something I find strange he forgot to mention.

You pointed out the playbook.

I pointed out the immediate result last time it happened, something you omitted.

So you claim this is out of their play book but when someone that also knows what happened the last time the Bondholders meeting was adjourned, reconvened and eventually passed, points out that the SP multipled thereafter you are unable to acknowledge the fact?

Sadly you have now shown there is no balance to your views, which is a shame.

Not so fun fact. My missus has Multiple Myeloma.

Ranger, so we can agree, a positive result from the next Bondholders meeting could lead to an increase in share price (short lived or otherwise).

I too went from memory, and to verify my thoughts I "trawled" through previous RNSs which took less than 2 minutes to find what I was looking for.

I suggest to those that may be interested to look at the RNS issued by ECHO on September 28th 2022.

And then look at the RNS issued on October 13th 2022.

The interesting thing regarding these RNSs is the second RNS resulted in the SP rising from around 0.65p to 2p.

Of course there is no guarantee a similar spike will occur, but for those that like to gamble on AIM, especially stocks that have very low £Mcaps, it's an interesting scenario.

Punt money only of course.

Inform us of the price action the last time this situation occured here, if you will?

Since you know the playbook so well would you like to inform everyone what the result was the last time this happened?

Or do you want me to do it? 😉

Well 34 hasn't held so where's the next support? Buyers need to step in or it's going lower.

The irony of a grown man that hits toddlers claiming others are cowards.....

Fulmar

Stop pretending people are asking you things. There's nobody left that believes your tripe.

Actually, there aren't better groups where the pros and cons are discussed because clueless rampers like Fulmar throw their dummies out the pram if anyone mentions the ineptitude of the BOD.

He likes to think he's "in the know" but the reality is a tad different. The dreadful placing with free warrants for example, he fell for the "no raise required" speil from the BOD and is still unable to learn the lesson.

NvS must be overjoyed (and no doubt baffled) to have such a loyal sycophant.

I have to agree that those entering at £15M Mcap might have a favourable risk/reward situation.

However, before we know it the rains start again so there's less than half a year to get some decent news out that improves the £Mcap.

And let's not forget that approximately £30K per month are leaving the coffers for wages. There's still plenty of room for the £Mcap to go lower.

The issue most have is the narrative from some over the past couple of years claiming this is the best stock on AIM.

As most will already know, putting your hard earned into an AIM stock with a long term view (investing) is asking for trouble.

Rarely does it work out and the pitfalls are well documented.

Dilution obviously. Delays. Badly written RNSs. Loss of Sentiment. Unscrupulous BODs, poor management decisions.

Any of these can destroy your share value and that certainly has been the case here.

Unfortunately, some can't, or wont, face simple facts.

They prefer to abuse anyone that points out the obvious. They've convinced themselves that anyone that doesn't fly the flag is the problem to such a point that at least one "investor" thinks offering others to fight will improve the Company outlook.

I first "invested" here years ago thinking that a £40M Mcap prior to a JV with a Major was good value.

Like many I averaged down until the penny finally dropped (no pun intended). Mismanagement has dragged this down to £15M Mcap and those that keep praising this ridiculously overpaid BOD need to take a long hard look at themselves.