Member Info for itisagame

Bull. Other gold aim listed gold processing companies charge 10-20% to process and extract gold from ores. You would be looking at 10-20% plus the costs of transportation and one loading excavator.

well i took a punt on the drop, im looking for the potential catalysts from here and i consider the following:

- at 0.7p its on it ass and could easily bounce considerably if / when whoever is selling in bulk stops or runs out of shares (probably milton they seem to sell first every time in whatever share they are in).
- the main shareholders (YA, Riv, Milton) are experts in share price manipulation, they are all at a loss now so id expect them to pump it with algos alteast from here.
- Rig potentiality June 2020 or "he Company has identified two further potential rig options to enable an earlier mobilisation of the proposed programme."
- Are Still owed $5.3m.
- The Company has formally requested the Oil Minister to coordinate a meeting in January
- SNPC own 44% of the licences, could this be (part?) purchased for the debt?
- "As contemplated, the Company is negotiating with ATOG for the recovery of the costs incurred by AAOG in relation to the Proposed Acquisition"
- "Licence negotiations for the re-attribution of the 25-year Tilapia Licence are continuing. The Company has agreed the majority of the principal commercial terms. "

So a few potential positives in the pipeline, hidden away, they dont help longer term holders much but could be the means to a reasonable trade from here, but obviously there are still risks, especially when they note "the board is taking steps to reduce costs and is reviewing financing options."

And last of all ..
17 July finance RNS
"· The structure itself is designed to remove any incentive on the Investors to lower the price per Ordinary Share. Essentially, the Investors are "long" of the Ordinary Shares and sell them in order to return the proceeds to the Company while making a return through the fact that the benchmark price is above the Issue Price."
Yea.. after they made it so complicated that worked great.. and 5.2p paid ouch.

Just my initial thoughts after reading a few of the RNS, i expect im wrong on some if not all points so please enlighten me if i am.

YA, Milton, Riverfort, Sefton. All the names investors love to see the back off.

In its final results announcement, published on 30 September 2019, the Company commented that "the future viability of the Group, in its current form, is under review". The Company can confirm that it is in talks to dispose of its trading subsidiary, Masterpiece Enterprises Limited for a consideration at or around book value in the Group's accounts. These discussions are ongoing, but no definitive agreement has been reached and there can be no guarantee that such a disposal will proceed. It is also likely that any such disposal, if agreed, would also require shareholders' approval, in general meeting, as required by AIM Rule 15. Should this disposal be approved, the Company would also seek to raise some new equity through a placing of new shares.

The business continues to be loss-making; the Company will release its interim results for the period ended 30 September 2019 later this month.

Rns you were right :)

Not necessarily, they didn’t last time, watch it, research it and wait a few days on rides.

It rose because the order book was empty, low volume normally and a few limit orders must have been put in.

Ive had more buy orders set for 0.25 for a month that never filled when I was looking at 0.15p to sell to sell some existing holding.

You can make money just need to buy at right time, can’t right it off just forever just because it’s rose and you don’t want to buy at today’s price, when tomorrow’s price might be tempting.

The gamble is on disposal of the yard and A new acquisition.

It was £200k Mcap this morning, very little shares in issue and freely available.

Not saying to buy or sell but it’s been heavily underpriced as a shell alone.

About time.

90m volume 2hrs in today, 6.5% of the company. This weeks volume has been huge.

management will still get a big payout on a takeover. Whatever the price.

Talking of sensitive information - It’s Strange how TLW didn’t even mention the tax agreement it reached in the new update or a separate rns. they focused heavily on it in the November update. Not even a snippet when everyone knows the deals back on the table.

If it had any indication of being bad they would have thrown it in on the last rns.
If it had any indication of being positive they will now push it out as quick as possible.

2.5m is not the 3-5 they wanted, but I guess it gives us a chance to trade as a much less diluted company then planned (for a while atleast.)

Can confirm. ;)

Doesn’t that only list positions over 0.5%, so would need a £3.25m short position to be listed.

At 40p it’s Priced at One years revenue at 70k bpd. (Debt +Mcap)

Or Maybe he is just holding the chart upside down :)

Good chance that one could be back over £1 in a flash on an increased holdings RNS, I bet plenty of funds have had there limits hit today on that one and that’s what caused a lot of the drop. Strange that it had no >0.5% short interests if things were that bad they would have been all over it before the drop.
It should rise as new positions are made.

Thank you, a good set of videos, very informative and worth a watch.

well short term...
"The Company is now in the process of identifying a processing plant that will take the waste for processing; the Company is currently in negotiations with two plants, both in close proximity to the mine. The Company is also assessing the optimal way to load and transport the resource from the waste dump and aims to be able to report back on negotiations in December 2019." - it wont be mega bucks but it will add up.

Mid term.....
"The plan is now to develop the Gold Ridge Mine by generating cash flow from the operation and exploring for further upside, while at the same time assessing new projects as investment opportunities. All new opportunities will need to offer an opportunity to generate short term cashflow from the operations while offering additional exploration upside."

Longer term....
Exploration of the Cobalt licence is Auz they also mentioned potential gold on the licence.
Oil and Gas in Romainia? Exxon :) lol (i dont actually expect it to be Exxon but you never know, this is a new clean main market listing so it could just be the vehicle they need).
Unlikley but Possibility of the Uranium project being revisited.

Gold Ridge will never be the next Rio Tinto / Glencore style mega mine but it will bare some fruit, and its an owned asset under the belt that has an asset value, so it can always be sold off, and could be worth alot more when the mine is active.