Member Info for ismalia

Yes and a positive one perhaps letting the investors know what is going on rather than have us simply post disquiet comments. Still not sure about the investment though, other deals must have been going on before unless our deal is contingent on the outcome.

Looking to possibly buy in here but can anyone tell me how to justify a market cap of nearly £90m?

Wressell will be a very positive at 50,000bls a year and that will probably increase. WN will be a bonus and will only be sold off. MC of £25m seems a bit mean.

You are of course right Fortitude about the pandemic but unfortunately we as investors have to take its effects into account. Of Barkby I have no problems taking a longer view, but with KSG I do have concerns. On a day to day basis we need working capital and to benefit from what is in the ground, and to get it out we need two things, money and lots of it, and time, and probably lots of that. There is much value in the ground but the process of monitising it will take huge investment of time and money imo.

Stalin, I reckon you knew the answers before you asked yourself the questions.

Fortitude, I'm not sure we crossed swords exactly but on Barkby where I am a holder the current mc looks to be £30m and not £40m and is a little less than the £30.6m it paid for the Dickson group. My concern here is the promise of investment to be made by two enterties and neither materialising. LJ may be good at his job but he needs the cash to make it safe.

Yes I wonder if someone could be in trouble for obtaining credit or even money from investors knowing the company to be insolvent. Leni would have known, pr if he didn't he should have.
By the end of September we should know the size of the debt.

For those positive posters, please let us know how many more shares you will buy, and let's see that number shown on the trades. Fortitude let us know in good time how many you will be adding. This will to some extent judge your confidence in KSG.

Don't know. It's small money and hardly worth taking when the recent but small placing was at 02p. I still beleive this is a sleeping giant and there could well be a number of potential businesses looking to get into bed with the current management who would not have wasted their time laying the foundations. Acquisitions will IMO be made and no doubt a raise. A consolidation of shares probably and the issue of a prospectus. I feel the team running this mean to build a growth business and over the next couple of years All Star will become a much followed company. A journey of a 1,000 miles always starts with a singly step. GL

Yes I do read the back RNS's. But where are the two investors who were eager to buy in at 2.7p? And how are we funding day to day costs?

Markets a bit flat so we need some news shortly.

Agree. You would think there could be news or an RNS letting us know another house is under contract for sale following the recent housing boom. The last RNS was price monitoring which we all want to know about. Maybe we will be suprised and hear that there is a massive RTO and the shares are suspended!

The MC is about £9m. I cannot see how any investor would wish to invest a similar amount for 30pc. I rather feel the 2.7p may be a too much and we will see something more like 1.5p. And then of course any new cash will take time to start earning. I can also see a raise to compliment any new investor funds. Time will tell and it needs to be soon if we are not to run out of cash.

If you like the fundamentals and feel the shares are cheap then this is the time to top up. The market is flat as all are on holiday and all stocks are drifting as selling takes over.I keep adding as I feel that when Oct, Nov and Dec arrives we will see much more interest in the market.

I feel that however difficult it may be, avoid DL at all costs. He has Rhino skin and is full of the brown stuff. Can he put his head on the pillow and say to his nearest and dearest that they should be proud of his days work. Probably. But would they be? I doubt it. That is what he has to live with. We the losers of cash still have our dignity but can sleep at night.

SP performance very dissapointing but we have to take on board the time of the year. Holiday time and a lack of interest in the market and sellers however small tend to win. Could be late September or October before interest returns, not just oil but across the market.

If the trading company's are viable they can be sold off with any proceeds coming to NQ that probably bought shares in them with borrowed money or raises. But I doubt if NQ will get sufficient funds to pay down its debt let alone anything for investors.

Yep I fear that liquidators will be phoned within the month. I am not sure if at best Leni has miss sold the company or worse simply lied about the status of the business when raising recent equity. I expect he will sleep at nights, care little about his mismanagement and no doubt write a book.

Pip. Most of the BOD have gone - probably frustrated or perhaps embarrassed by their Chairman and his over optimistic broadcasts. Administrators normally take on their role to manage a company with a view to keep it running and at the same time looking to package the assets for sale for the benefit of creditors and in particular lenders. The owners, you me and other shareholders are always left with nowt and creditors getting 5p in the £.

Take a journey down memory lane and look again at the interviews Leni gave. Anyone would be forgiven for being sucked in to his very positive presentations. He talked a lot, drew a large salary and bought a few shares. Clearly a Chairman that did not drill down into the books and continued to have placements to pay for what? I doubt if we will hear from him again.