Member Info for HawaiifiveO

Very hard to buy, managed to get a few this morning, hard to believe this was 2.65p this time last year, amazing opportunity to get in at basement levels.

The recent non dilutive loan was the buy signal in my view.

The 'buy' signal for me was the £200k loan which was supported by Directors, to loan this sum of cash in the current environment suggests they are very confident in securing a JV partner, and or, Kazera Trading will deliver some meaningful revenue.

Worth noting they also had net cash of £230k on the 31st December, so cash is almost 50% of the current market value of the entire company.

The illiquid nature has driven the share price down to unrealistic levels, hard to buy any meaningful stock which suggests a recovery is probably not far off, this has multi-bag written all over it IMO.

This stock is very illiquid - I have added recently as I suspect the newly set up Kazera Trading arm will generate some meaningful revenue verses the current farcical £1m market valuation.

Once again they mention they are talking with prospective JV partners and funding entities - just one whiff of decent news and this will multi-bag - no wonder you cannot buy any meaningful stock at current levels !

My bet it is KPZ International who were awarded 18m shares back in December for the Zambia copper deal, I noticed there have been larger sell trades ongoing since, they cannot have many left if it is them.

Good news is there are buyers snapping up the cheap stock that comes on offer as a result.

ORR was trading at .42p earlier this month and .62p in January.

Looks cheap.

Advertising.....

https://twitter.com/Oilplayer2009/status/1243153217669738502?s=20

Market wants a large premium for size currently.

It is outrageous that the Lenders continue to frustrate management in these critical times, all hands should be focussed on mine operations, that is hard enough at the best of times but 1000% more difficult now.

Representative of the lenders maybe reading these bulletin boards (in particular about the Shareholder Action Group) if so the message is simple - for goodness sake - GET IT SORTED OUT !

Agreed, very little stock available right now, we know an announcement should be coming on the Fairbride gold project, with XTR nothing can be ruled out.

This does look one of the better gold juniors given the possibility of corporate action.

Well I hope something material will come, however Bird also talked about a new management team being appointed due to XTR's diverse and growing projects, the only thing I can think of as to why these changes have not happened is because a disposal is imminent.

Wishful thinking but with gold once again on the rise anything is possible.

Fact is some of the slippery City folk who thought 5p was a great entry point via the placing have failed to cough up as they can no longer sell those shares at a premium, well tough, AST has every right to pursue them or the firm who worked the placing for settlement.

No-one knows if this will ever return shareholder value but the same can now be said of the majority of AIM minnows, there is always the outside possibility of some positive movement in Slovenia, the project is still there, one whiff of good news on permits or whatever and this could multi-bag.

Dennan putting in circa £100k at 5p per share is not to be sniffed at, these guys do not put up their own cash for fun.

Only time will tell, it is a binary bet now.

Interesting RNS today, meetings with partners in Slovenia and mention new Government, what is the relevance of that I wonder?

I suppose it cannot be ruled out that the debt holders could use market weakness to offer the minorities a modest offer for their shares, given the uncertain situation some may be happy to accept 1p or 1.5p right now.

It would be far better for ALL concerned if the matter was resolved ASAP, this nonsense should not be allowed to continue, it must be having a exceptionally negative effect on the motivation of senior management, wasting their precious time which should be focussed on improving operations at the mine.

It can only be Candy or Edwards responsible for this, why do they remain silent?

News today, a loan of £200k of which directors participate £50k.

Hopes to secure funding of the mine with a Strategic Investor at September at latest.

Good work from the BOD, avoiding penal dilution.

Newly set up Kazera Trading accounting period has been extended, usually that is a tax saving measure which indicates they must be doing some decent business.

Saw this post on another site, I think it sums the situation up pretty well, the poster is having a stab at certain numbers but they look quite realistic.

broken_arrow1
20 Mar '20 - 00:24
15 of 17

If the rumours are true daylight robbery of the minority stakeholders is being attempted by the major shareholders.

These shareholders have assisted the company historically BUT the Banks were in process of restructuring loans, apparently a deal was close, it would have included modest dilution but, it seems, the major investors blocked the process, had that gone through the shares would not be suspended at this time.

It is now clear why the major shareholders blocked the proposed re-structure to the likely detriment of other investors, it would have diluted their position making it more difficult to secure the mine at a significant discount to it's true value.

Has anyone noticed how penal the rates have been for the Mezzanine Debt Facilities provided by the major stakeholders, it now seems the Group's Bank Debt has been bought at a substantial discount by those same entities.

The numbers are clear; Bank Debt of $69m and Mezzanine Debt of $59m, just over £100m, taking account of the penal Mezzanine Debt interest rates and charges + the likelihood that the Bank's took a 33% haircut would suggest the major shareholders are trying to secure a 80,000oz to 90,000oz pa gold mine for an all in outlay of circa £75m.

Numbers provided by Metals Exploration RNS dated 19th February 2020 showed positive cash income for just one quarter of $18.4m, the same statement clearly shows ever improving operational performance.

A rumour just before the suspension of trading suggested that minority shareholders were going to be offered a range of only .50p to 1p per share, costing the debt holders a mere £10m/£20m more.

It is clear from the above numbers a royal shafting of minorities is potentially being attempted, based on peer groups a mine like Runruno would be valued north of £175m, certain entities want it for around £75m assuming they offer the minorities nothing.

Are the debt holders trying to bag this valuable project for a song? Minorities deserve 4p to 5p per share based on peer comparisons.

The action group is to be supported, the large equity holders are high profile so one cannot rule out significant media attention in due course, an amicable outcome would be much better for all.

Yes the UK Investor Show is off until September, a few companies are telling folks not to attend the AGM and are also saying that only formal business will occur and no Q&A etc.

XTR's AGM is usually held in June so who knows as to what will be going on by them with the virus.

Hopefully some news will come out, as promised, by month end, there has been a swathe of RNS updates from mining companies saying their operations are ongoing and unaffected.

Has a target of .39p short term

https://www.share-talk.com/share-talk-bulletin-board-heroes-friday-20th-march-2020/

One assumes Dennan took stock in the placing - so he has put in nearly £100k at 5p a share, one thing for sure these types do not put money in unless they see a significant return ahead.

On Twitter

https://twitter.com/Oilplayer2009/status/1239865020554543105?s=20