Member Info for Ironic

Example DL horse hill the oil was discovers in the 70s . DL LGO old wells reopened . Our Gold is the same Gold is worth about 5 times as much now as in the 70s and 80s and easyer and more efficient to extract . No AIM company has actualy found anything new . It is the Trading licence which I believe in . RP has not done his reputation any good today .

We didn't just find gold . They are previously mined areas . As with 99% of AIM projects . Difference is the price of gold now to the price of gold when the mines last shut . Also annoyed as I stated the other day I bought in here because we had done our placing ! So we should have been safe for a year or two . RP looks worse than DL this morning .

The placing is nearly cleared now . With huge profits from the Gold trading . Also Gold on a charge making all 4 gold mines commercially viable again . Most of the shares held by professionals as well . This could TEN bag on the trading RNS , being timed to coincide with the placing shares clearing .

Under AIM rules a offer should be made by anyone holding more than ... Think 30% which Richard appears to . Could be held in family trust to avoid the rule . On my I phone awkward to research . But it would not surprise me . Would prefer it to plod on so I can accumulate . Very happy with the Trading side of things . The Gold mines are ok due to price of gold .

The trading side of the business looks like being a big hit already . So a reverse take over is probably on the cards .

Surely it is better to hold shares in a company where the CEO has the biggest holding out of every one and other professionals hold to the limit ... AIM rule permission is needed to go above 75% of shares held . But I can associate with your comment .

This share is not the normal AIM share Richard holds the Lions share and there are nearly 80% of the shares not available to us . So when we get the next RNS confirming up to £13 million a year plus the other usual AIM stuff ( the mines ) we should multi bag .

The good thing is the £13 million is on top of the usual AIM rubbish 4 gold mines which might strike lucky . The trading is happening independently since June . Gold has risen since June as a bonus .

Gold up again . 3% worse case is £5 million to us . Best case £13 million to us .....with extra deals in the pipe line !

Last of the placing shares clearing , hope for a big jump then . A RNS would speed things up how much Gold have we traded since June ? .

We have been trading gold with our new trading licence since June 2016 . Gold has gone up 20% since we started trading gold . We are on target to make between £8 million and £10 million a year . This years results will be a huge improvement on last years . This will be the fourth improvement in a row . GLA .

I spent a few weeks fighting against little pig and others warning people about this share . Then it got suspended . The short squeeze was well on , it was LSE who saved the shorters originally by suspending the first time time to allow more shares and reward the shorters . AIM is set up for the rich influential shorters and LSE protects them always has always will . You can get irregular rewards on AIM but the shorters are the protected ones . GLA I don't like posting on a BB which I am not in so said my bit blame LSE for the previous disaster .

Kept the SP down to fill the order . We will get a RNS soon telling us we are now trading 100 Killo's a week . At that point we will be making between £7.5 million and £10 million a year less overheads . No tax ! . Then what will the SP be with our assets on top ?

Full workings ......Gold £33,321.33p per Killo . 100 Killos a week . £33,321.33p x 100 = £3,332,133.00p x 4 ( for a month ) = £13,328,532.00p x12 ( for a year ) = £159,942384.00p . So average of our cut is 5.5% . So we get £8,796,831.00p a year minus exspenses no tax on gold trading in Dubai or business tax .

Gold trading on target for 100 kilos of gold per year . Extra contracts on top of that in negotiations . Our margins on trades between 3% and 8% . Been trading since June 2016 . Gold price June £27,000 now £33,300 . Worse case 3% is £33,321.33p X 52 weeks is £4,798,271.52p . Best case 8% is £33,321.33p X 52 weeks is £1,066,282.56p . Mid way 5.5% is about £750,000 a year . All minus exspenses . No tax in Dubai on Gold trading or business . So next financial results should be good .

Don't think you will be disappointed , may not happen this week but WSBN will have a decent rise . The trading licence will turn things around . Richard has got contacts in Dubai the Gold trading capital of the world . Just waiting for the confirmation RNS .

Our operating losses have more than halfed every 6 months . In theory our cash from the last placing will last us about Two years . Not that we need it as we should see profit in the next financials . We started to trade gold just after the last financials with our new licence ......The UAE provides an ideal trading base, offering a high liquidity marketplace. In 2013, 40% of the world's physical gold traded was moved through Dubai. The UAE charges no company or personal tax, no import or export tax on gold or silver, and offers a politically stable climate from which to operate.

Bought back in a few days ago . All AIM shares require funding , ours has been sorted for 12 to 18 months or till profits from trading licence . Then possably self sustaining , but that would not be typical AIM . Lol . Point is I bought back in because our placing has happend not hanging over our heads . Why buy into another AIM share awaiting a placing ? . That is why the SP is low funding sorted , let's climb back up . Safe in the knowledge we are funded .

I am here for the trading licence in the busiest gold trading country . Plus Richard has all the contacts there . A licence to print money , placing over funds in the bank . No worries .

Glad you are prospering . As mentioned I am here looking for the reports Buyout . If I get the feeling it won't happen then I will go . I don't usually say when I am going as this can have a negative effect on the SP . I probably do come across as a tamper , in fact I probably am but that is as I say because I believe in the company at that time . I will not de ramp to trade . Last year I did say something negative on a BB after being conned during a naked short but generally won't do that . All the best good luck .