Member Info for ismalia

With Gold doing well and likely to contue to do so does anyone have any thoughts on the Ferber interest which to me has value but is not in our workspace.

Oil guys here may wish to have a look at ADL which is shortly to change its name following new investors have kicked the old BOD out and invested more than £500k of there own money and now want to increase the share capital to drive it forward. Like many investors in ADL I lost complete faith and money with the old BOD but can see the new investors changing that. As far as we here are concerned I like MB very much but feel we should look to bring on someone who is perhaps a little more driven - investments are fine but regular income will help.

Gold mine acquisition looks interesting.

In a few weeks time I can see that a few on this board will be cursing their lack of patience. Massive upside IMO so if you wish to double your money before Easter now is the time to invest or top up. If you don't want to try to double then you certainly wont lose much, if anything. Best risk reward in the market!

doubleup - they probably did look at this before investing and getting the other incumbents to leave and that is why we will have the proposals shortly. If you are invested then you will be rewarded, if not there looks to be little time left at current levels.

I think we could well see a combination of the GLR and JLP projects with funds released to GLR to advance other prospects in the region and elsewhere.

I quite like the prospect of developing Zambia and feel confident we will make progress in the coming months once we get further feedback.

M Cap about £2.7m but the potential that is good at Chuditch is some 5 years down the road and will need more cash IMO.
Peru may be sooner. I intend to hold but must confess that this holding is without any cost and is about a third of the profit taken following the recent pre raise surge.

All very positive and clearly the new BOD want the market to know it means business. The truth of the matter may be that the BOD already know exactly what they are doing with the current assets and the ID of the new assets they are going to acquire. I feel that the current sp will be left well behind once the EGM is out of the way and the PR boys let the market know more about the emerging company-we must forget all about ADL.

Looks very good to me and of course they cannot provide any actual potential value until we have the OAG and other authorities having signed it off officially.

There could be a rush to the exit by those who paid 0.10p to save any loss. These could hover around 0.09 - 0.10p as the MMS are likely to have an overload of stock and will dribble out as and when.

New shares to be created together with recent cash injected could make a reasonable investment and what we don't know is if any of the existing assets will be outside of the on going plan going forward, and sold. Very interesting that new investors, with knowledge of the industry have found a vehicle to take forward. They may well already have targets in mind that could form the basis of an RTO. The new name is also a positive move as is the speed at which the management is moving. Following the EGM there could be more positive news as I get the feeling that having invested £500k+ there will be early progress. I was still investing at 0.90p on the spouting by SG on Wick and Colter so am well under water and would like something back.

Have been here a while and am very pleased to see we now have a new BOD, effectively a clean sweep, new money and it looks as if they will not be holding back with an increase in the share capital at the forthcoming EGM. It appears to me they already have something in mind so I look forward to a much more dynamic business.

Not too bothered with the lack of buying. Those of us who know the story will be holding or if we can, topping up at current levels. DB has always been up front with us but in the case of WN he is tied by Rathlinand and with Biscathorp and Wressle it is Egdon. When news comes on any it will be comprehensive without any ifs and maybes.

MB not convincing about prospects as far as I an concerned - not at all bullish. Peru small and Chuditch five or six years down the road. So the money won't last long and during that time we will need to sell assets, probably at a discount to pay our way. Also I am still to find out why Shell did not pursue the Chuditch prospect if it is so valuable. Does anyone know?

Everyone happy with the podcast?

Nimb - don't forget the raise at 0.10p

Then again Suhail if you are still bullish as you must be at these lower levels then fill your boots. At the moment we are no further forward from a couple of weeks ago as far as asset value is concerned but have a further shed load of shares to service, all bought at 0.10p. Clearly and in my book the placee could not see any higher value and 0.10p is another reason why I cannot justify paying 0.13p and hope to see 0.25p to take a turn. I feel that any long term holders must recognise that they are at the mercy of the much shorter term holders and may wish to shorten their long term time line. They say sell to greedy men and buy from frightened men, some will also say it is sometimes better to journey than to arrive. At the moment we are capitalised at £4m and will need to invest shed loads of more money before we earn a penny. Unless of course we sell something, but then the buyer will need to work out how much he will need to invest to get a return. Why didn't Shell develop the site and don't forget the politics in the region.

Good news is on its way but as ever takes time. This stock unlike others in the sector cannot be ramped and from what I have learned about S&S they like what they announce to be 100pc correct. I too have added a serious amount over the past few weeks knowing that I don't need to keep an eye on the sp to make a turn as this will mature into a high value asset. WN is said to be worth at least £500m and is likely to be sold to a major to develop The last raise was well above current levels with Directors buying at the same price so there cannot be many sellers left at current prices

I sold out the major part of my holding but kept some for the ride. Now at 0.13p I am trying to justify topping up but cannot find a good reason - with a mc of £4m and all projects needing further cash including a long timeline to monitise, legacy debt from the abortive RTO and ongoing running costs more cash will be needed. And those who bought in at 0.10p wil be looking to get out.