Member Info for ismalia

In the meantime I expect we will slip back to about 3p - 3.5p as some cash in after the increase.

If we get to 2p what happens if Johnson converts his Loan Notes - does that put him back in control?

Correct, and we need to forget all about Rose as it simply does not exist. New money invested by new investors with a completely new agenda. Take a look at the LSE interview and also read the TP research note. The new team seem very eager to grow the business organically and by acquisitions but only if they fit

Don't buy in then

I think we can expect news from the field before Christmas and it should be good. Brett seems confident so the current mc of about £13m may be something of the past. No doubt the plan will be to sell the prospects on and then seek out others as we will not be mining as such

Presto, I noticed some interesting buys last week and wonder if someone may have an idea that something may happen this side of Christmas. What do you think and do you feel the new BOD will want to move quickly as I am sure they already have something lined up

I am wondering that given the current lockdown and the increase in on line shopping over the last year if we can expect an update in the next few weeks. DX seems to have turned round and is growing it's depot network so operational gearing will soon start to click in and should reflect in an improved MC.

I think I remember a Broker Note saying 160p. This I think is very possible in the coming year but I would not be suprised to see a bid land on the table. It will be the order book they are after.

Early December last year we had a trading update in early December and I am hoping we will get another in about three weeks time. If we do then I think it will be good and start the move to a descent rerate. Lockdown will have helped and people seem to be using the Locals more. Also we could expect an approach from a major to complete with Tesco and Sainsbury smaller stores. Importantly I feel we got our house in order, the shops are better and many are doing local deliveries. The current mc is grossly undervaluing the business and if we can report a descent profit at the update then we could be back nearer 50p.

Many of you guys seem to have done well here if you have held for the year. I took a look at about 0.12 but decided no. But I have been a bit fortunate with WSBN which has boots on the ground in the next field to GGP and I'm hoping to make up having lost out here. Good luck to all LTH.

MC seems a little undemanding. What we need now is some descent PR from the house broker - could it be as good as or better than Greatland? The potential is there so a £15m mc seems to be a good place to start bearing in mind we have other assets in the prolific Victoria.

AGM 30 November - any thoughts about the following weeks. Will we have anything to go after or will we just do nothing?

No liquidity and a move to an illiquid market is the beginning of the end as far as I can see. So from next week I will be out if I can get anywhere near 17p GL to all who remain.

We must not overlook RP who is the major shareholder, is a legal man and knows all about what he is doing. To some extent we are now going to benefit from the recent acquisition but must also remember that a little while ago funds were raised to progress our other prospects in Australia which are considered excellent. We also have other interests with gold trading and potential prospects in other countries. WSBN is not just about the recent acquisition and could be worth much more than the current MC.

So the largest holder does not want a fund raise. Perhaps they cannot afford it and or do not want to be diluted. Perhaps they want to see the business collapse for them to pick up the pieces. Or perhaps they would look for an RTO without the need for cash. I have the feeling that recruiters in the coming months will begin to recover and the sector that NAK operates in should do well. So perhaps the largest holder should buy the assets and leave as a shell? Where's the money being placed on the future?

Seem to remember we sold LSE shares too early a few years ago.

Option Agreement will not be extended "on its current terms" and will lapse. Will new terms be agreed I wonder? Perhaps not off the agenda

This is all about operational gearing - once the fixed costs are met further revenues go straight to the bottom line. Exciting times ahead and a higher sp.

I also feel that rather than taking the cash for the licence Leni could take Wisbone stock thus preserving cash

I think POW will buy the mining asset.