Member Info for IsleworthSpy

@ Teamlh.

I'm not sure that the "other jealous bastard" is criticising Ponty. He did mention the working time directive, which i believe states you must not work over 70 hours per week . If Ponty worked his week off and got paid for it, the working time directive has been breached. As he (she) will have already been paid for his annual leave. Management being creative with the hours again, maybe?
Unless of course these conditions were lifted because of covid.

@ Chickenlegs.
Agree with the thought process, so i just purchased another £2.5K.
Now i'd like some news.

@ Haffyplan
@ Olderandwiser
Add 23 million shares to the equation, which is Kabungas current holding, and you can see why there is a current constraint on the price.
I cannot wait until this time next year, as i think the price will be far above where we are now. Hopefully Kabunga will be fully out which will facilitate the rise. Along with the any further positive updates.

@ Haffyplan.

And just to remind everyone that the 2.2p warrants expire Feb/March 2022. The 3.25p ones April/May 2022. The 3p ones Sept/October 2022.
I expect the next 12 months to be volatile, price wise. But it appears with each piece of good news a higher low is formed. The price goes up and the warrant holders (Kabunga / HNWIs) sell into it. I believe around 5p will be the new base.

@ Amtech.
Kabunga has been selling since October 2019. Average share price then for the month, about 2.75p. Now 5.5p.
If you think that a 100% increase in the share price "isn't going anywhere", i would like to know what your expected price is at this current time.
More interestingly, what price will this be when Kabunga has finished selling.

@ Wildboar1.
Somebody on this board posted a map showing our location and the surrounding gold mines, with their proven and probable resources.
If anyone can find that and post it again, it will tell you all you need to know.
If OMIs area is not profitable, given the surrounding mines, then we may as well all give up trying to find that elusive retirement investment.

@ Flintstonebill.
Using your figures and applying them to both companies:
20m oz @ Haverion = £11,448,000,000 / 7 (yrs extraction) = £1,635,430,000
GGP will own 40% (i stand to be corrected on this), so £1,635,430 / 40% = £654,172,000
Then divide by the shares in issue. So £654,172,000 / 3,950,000,000 = £016.5.
I'm also sure that GGP have to fund their %age for on-going works and that Newcrest provided a "loan" just recently for this.
Whereas OMI are currently fully funded.

Are you are aware that OMI have 95% less shares in issue than GGP?

Gulp!!! I think you need to may need to re-assess your investments.

@ Testes.
Stop talking boll ox!

@ Stringer.

So why don't you sell then. You clearly think the price is going lower

@ michaelnw
@ AIM
I think the devil is the detail and how you interpret it.

The company (Kabunga) have converted, not at the request of ACP.
Kabunga have, or are, selling down their previous position, including warrants, and reinstating it again via CLN conversion.

I believe their existing warrants expire February 2022, so i believe that they are in fact hedging.

@ michaelnw.
If you mean that the conversion is at ACPs discretion, i think you're wrong.
Kabunga have converted at 2p, and IMO, will sell down. That's what they have been doing since October 2019.

@ Oiliest.
I can't understand the thought sentiment behind selling.
While i agree that the ML "delay" is extremely frustrating, let's not forgot that it took 0ver 6 months for the ESIA to be granted.
My thoughts on that are, that the ESIA is sort of a given. You know what is required. Yet it still took 6 months + to ratify.
Apply the same logic and time frame to the ML, and you will arrive at mid October.
Now i know that the ML application was submitted in June 2020 ish, but if ACP had not submitted the application then, and only after the ESIA was granted, would the application be sitting on the back burner for over a year?

I'm with you Oiliest. Our neighbours have all been granted licences, so why shouldn't we.
Hold for the ML everyone. I cannot see why it would not be granted.

My one concern is that the ML confirmation is priced in. I'm confident, so why would the general market not be?

@ wasarunner.
2.2p ones February 2022. I think Matt Bull holds circa 20 million.
3p ones April 2023 (i think). These, if i remember correctly were issued to HNWI's.
One thing is for certain is that the 2.2p warrants will be exercised in their entirety, within the next 8 months.

Well done to all the people that held from back in the day of the 10 out of 10 mice RNS.
I can remember reading this and it blew my mind.
That's when i first invested at around 4-5p on the spike. I ultimately lost about 2 grand.
Been in and out a couple of since, with even further losses.
I have been keeping an eye on SAR with a view to getting in again.
Unfortunately, i haven't. But i would like to wish all the LTH's from those days, and all the newer holders, every success.

@ Bwana.
Nearer 89 million.
28 million at 3p held by HNWI's as well as the recent 18 million at 7p.
43 million at 2.2p. If i remember correctly 20 million still held by Kabunga and a very large portion (maybe all) of the remaining 23 million held by Matt Bull. These expire February 2022.

@ Bwana.
17th December RNS gives you the outstanding warrants. Add another 18 million from last week. Some could have already been exercised though. And we'll find out soon.

Regarding covid: John Magufuli said that covid was the work of the devil and would be eradicated by prayer. That was 12 months ago. Apparently there was no lockdown or social distancing. Let's hope the mindset has changed.

@ wasarunner.
My pessimism:
1 - No mining licence sub 2p.
2 - Covid. Reading through the less interesting parts, ACP stated that covid has not been a factor because their groundwork was mainly done, pre covid. Mine construction is a different ball game IMO. While the time span from start of construction to finish has been placed at 12 months, with covid around it will be twice as long. Again, IMO.

I don't doubt the ML will be granted, eventually. I also do not think that there will be an issue to fund the project. So covid is the biggest unknown for me. And i believe that this will be the biggest drag on the price. I'd be happy to be double the price this time next year. However frustrating. As it means progress is still being made.

@ svott. 18 million shares have been subscribed for at 4.5p and raised 850K from HNWI's. It would appear to be the same investors who subscribed last April and are still holding. Warrants attached on both occasions. While it isn't a great amount of dilution, it is still dilution at these current levels.

is due next month.
It'll be interesting to see how many of the outstanding warrants have been exercised.
Hopefully at least 20 million of the 2.2p ones.

@ bluray.
I bought back into ACP in October 2019 @ 2.6p.
Since then they have reached several milestones in the development of the company.
While i totally agree that regular news appears to be lacking since i re-invested, they can only release news when there is news to actually release.
Updates are all well and good, but they probably do more harm then good.
That all said, the price is up about 65% since October 2019. So i'll settle for the apparent less than frequent news releases.
And let's not forget that Mr Bull said it was the investment of the century. Or something similar.
Topped up today with 120,00 shares and if it drops more, i'll buy when i can.
When was it last at 0.8p?

@ schaden.
Are you suggesting that invested people "should not" be posting on the BB's of companies that they are invested in?