Member Info for Inthedark1

Maj

Thanks. You provided better proof than I did. It is a little disingenuous to say the least to make a big deal of the prepaid warrants ending but not to clearly point out with as much clarity that there is a very big fat warrant elephant in the room!

E_AL

I think this refers to the prepaid warrants. Where the money has been paid up front? There are still hundreds of millions of the cash warrants where Met1 gets 2p for each share. That is still a significant dilution of the total shares in circulation. The more shares the less each share is worth when divided into fairly meagre assets held by a company that has yet to have any income whatsoever as it is in the early exploration stage and which can't surely have the wherewithal to mine anything substantial itself without more capital? DYOR

Laura

I know you said you were all in but have you thought about getting your relatives to invest in this one? It's down at 4.83 - bargain of the century? I thought not.

4Petesake

This is a fantastic soap opera. Hilarious. Where is James? I am missing his yachty champers jetski riddled explanation of how his 2.5 million share play is up and is just monopoly money etc etc etc.

So funny that he forgot himself and called it a massive Ponzi scheme last week and then tries to convince us all to spend our money in that same Ponzi scheme!

Breastrokes - new to the LSE board with an account created today and talking about "the shorts closing out now!"

You have learnt so quickly.

But you write exactly as Laura does. How odd.

4petes sake

Well said

Breaststrokes

Posts: 13

Price: 4.9675

No Opinion

Your message earlier is below

RE: It's incredibleToday 14:57

Oh well, looks like that dumb fuker can't answer that one

Hi Breastrokes

I see you have joined as a new member today and written 10 posts. And you have been abusive towards LTI calling him a dumb F***@

Are you by any chance Laura?

It seems a bit odd for someone on the board today to be name calling. It usually takes a week or two for posters to become enraged 🤣

The warrants are sold for 2p each - each share is given in exchange for 2p regardless of the current share price. It is a fantastic business for the warrant holders. They make ten times their money if the shares sell for 20p. 25 times their money if the price rises to 50p. The company gets 750 million x 2p = £15 million pounds. They use this to buy the rights to land, solicitors, staff and the wages of the Board of Directors. The warrant holders then sell for whatever the shares are worth so if they average 20p they get £150 million pounds minus their investment of £15 million. Making a cool profit of £135 million. That money comes from the little retail investors who read the ads and believe them. Apparently there are no big institutional investors buying it's the small folk. But DYOR and do read the RNS at the top of the page.

Who knows? But if someone bought 1,000 shares for £40 and Met1 doesn't go bust and finds something worth someone mining one day it could go up. If it went up 10 fold it would be £400 and your loss will only be £40 if the share becomes worthless. But you could buy for 0.25p a few months ago

Yes it's roulette. People believed (I did) the spin and then learned the truth. And it was inevitable it would go down towards 2p - I have no idea where the bottom is of course.

I thought this would drop but after so many sustained drops this week and last didn't expect 20% yesterday and then 26% (so far) today. The warrant holders must be offloading a lot knowing the game is up here I suppose

Laura

I should think the piggy bank is empty with all the losses you have made over the last week?

The reference to the warrant done is the prepaid warrants. The shares that had already been paid for. There are still 200 million to be exercised at 2p. There is another big dilution coming with the exercise of 2p warrants on August 4th. Be careful!

Breaststrokes

Read RNS for info on hundreds of millions of 2p warrants still to be exercised. Nothing coming out of the ground yet.

Some on here urging you to buy have called this a Ponzi scheme but I can't advise you whether to spend your money or not. But have a good looong read of the posts. It is a bit of a soap opera with some name calling at times but you get some nuggets of factual info scattered among those posts aiming to push the price up so they can make a profit

Can sell at 4.95

Just read the RNS, look at the facts, don't read the fake ads and make your own minds up based on what you have read.

It you have bought 900,000 yesterday and another 1.6 million today and the price has slumped 15% on this tiny share someone is laughing all the way to the bank.

Luckily for you it's not true

James!

🤣🤣🤣

If only everyone was so happy when they lost money

Optrade

It hasn't just been today. They were down 20% yesterday and down every day this week. 750 million warrants were issued - it's in the RNS - just scroll along to March and January. Some were prepaid, so money upfront. The majority are options to buy the shares for 2p up until September. At one point warrant holders were exercising tens of millions of shares at 2p when the share price was 50p. If you had the right to buy shares for 2p and sell for 50p what would you do? I would sell. Millions of pounds of profit. A lot of retail investors bought into this share but they were paying much more for it. There are three paid for ads that look like financial newspaper articles, well written articles, talking the share up and spouting stuff about 3 billion pounds worth of assets in the ground. Who published these articles. A Cayman Islands based company apparently. And who paid for them. Well like a good murder detective you have to look for a motive. Who would benefit from retail investors piling in on a sure thing. Yes, the warrant holders. So now the prepaid warrants have gone there are still 200? million 2p warrants to be exercises. And who is to say there aren't some 2p warrants holders still sitting on tens of millions of shares wanting to off load them when the price is high. It is difficult for them to dump them all at the same time. They might kill the goose that is laying their golden eggs. Just my thoughts. But do read the RNS!