Member Info for Jackbal

Godo - notice how Bcm invest at project level and not actually into Orr top co…

That’s why I felt rab capital taking some top co. Was a real positive. Just my opinions

Imo Less than 1% chance of this resuming trading by end March. That’s just the debt deadline.

The diamonds must be sold before the RTO doc is even published - then there are the small matters of finding 7.5 million gbp, getting the rto doc approved by listing authorities and what looks like a very probable cap re-org.

In a non patronising way holders will be fortunate if this ever comes back.

Many glaring inconsistencies need cleaning up still but the diamonds must be sold first and soon.

Nobody in their right mind will commit to funding without knowing what the companies only assets of value are worth.

Why is all the diamond info so ambiguous?

I understand diamonds are difficult to value and not guaranteed to sell at the required price but this should not prevent the company offerIng guidance on when they “hope” to sell them and what price range they “hope” to achieve

When these silly little companies hold back such necessary info it’s nearly always because it isn’t positive.

He’s probably ran his mouth too much on the diamonds and knows he is going to look even more crooked

Many of us will remember the CFO’s response to a concerned investor re the rate of dilution.

(Caveat : all early stage explorers dilute as part of their model but the degree of dilution under Smeeton was excessive to put it mildly).

The cfo now is the same useless cfo he was then

Why should it be 1p when they valued themselves around .26 recently by agreeing to issue confetti at that price?

Why have they issued 3 quarters of a billion warrants exercisable at .36 on top?

Im not calling anyone out or looking for an answer but surely the reality is Martin’s resorted to confetti and warrants and even with gold at 5k…

The management don’t control the market but they DO control how many billions of shares, warrants and options they put into the market.

I was previously trying to highlight the inconsistency in Martin’s comments:

One one hand he claims to have good city connections and he claims his stock is chronically undervalued.

On the other hand when Orr needs cash he resorts to placings with retail with warrants at a price that he himself has already conceded is too low..

Just saying, when you actually think about this…

Great philosophical post Mayo - found some motivation in it on another grey wet morning.

Amen to that

Imo The SP is just struggling because of the billions of shares issued and warrant walls. The assets have always been quite promising although Senala becoming a farce.

This is all a side effect of bod getting financing do woefully wrong at the start of their tenure.

Bod get too much credit from some - it’s ok for them with SP staying low - they get better value when they award themselves.

The market is also getting a bit bored of the consistent but underwhelming drill results imO.

I think the poster minesinthemine nailed it when he says he doesn’t expect drill results to move needle much - this needs something fresh (senala movement, bibemi extraction license).

I’m still holding the stuff I bought recently fwiw

Refreshing to hear what sounds like common sense.

The man has credentials - happy to keep holding

Does anybody care why?

Why should shareholders be guessing about when he hopes to sell diamonds? Why would it be cloak and dagger?

Dangling carats again

Good time to enter and good value in .3’s

Even looks good as a trade or an investment to me.

Good luck all - can always find faults on an investment case but much de-risking has been done.

All imo of course

It’s simple If you don’t what the diamonds are worth, then you can’t calculate the benefit to the balance sheet. Without knowing the benefit to the balance sheet how can you calculate cash position and when breakeven/profits will occur and what the cash cushion is to get the business to that point in time.

You also can’t calculate “points in time” without knowing “when” on sales.

It’s monsense

Struv to be fair to the less experienced/less cynical the nomad has allowed the company to run riot with the narrative to almost false status.

Some people will have been misled because the Nomad’s that have enabled this do their due diligence on a matchbox.

Why did the Nomad sign off on a placing in November when the company was on the eve of debt default with no means of avoiding default?

Wreckless, fee greedy, incompetent morally hazardous and I bet they complain about the state of Uk financial markets.

Sorry Guys - I know I said I wouldn’t comment more but ended up reading todays pointless rns.

Forget the voting, why would any investor put in 7.5 million to this murky mess without knowing approximate dates of sale and expected price range of diamonds? It’s nonsense because without this info you can’t estimate cash burn/impact on balance sheet.

How come the “experts” at strand Hanson don’t get this?

The same guy who tried to censor the thread.

What was that about?

Do you remember warning people of possible legal action re comments here?

Don’t deny it - I got the shots as I thought they might age very badly.

Get a few together and go to the AGM in Maidstone (if it’s not adjourned which it may well be) and put it on him in person. If he’s going to take everyone’s money like he has over the years at least make it uncomfortable for him.

Muck I sincerely hope you get a decent chunk back out of this - I was in matd years ago when it was suspended and know the frustration that comes with haven’t funds involuntary locked up.

Good luck to all - I’ll say no more on Vast for sake of not annoying people

Say for example you don’t like the details of the proposal and say you vote against.

Then what?

Over a barrel on the vote. Seems they can’t clear debt without the extra 7.5 million

Because if they could clear the debt without more confetti then why on earth not do that first to support share price and then place at higher less destructive prices?

Just doest make sense that they own a package of diamonds that can reset the balance sheet yet they are choosing not to and giving away 60% equity instead.

You could argue “what about the new assets?”

Just a hokum in my opinion too, smoke and mirrors to blur lines.

Does he and the nomad really expect everyone to believe that on the eve of debt default date he magically finds some assets he can but at such a discount he can transform the whole company positively with the stroke of a pen?

and then they want people to believe it’s just a massive co-incidence that he happens to be one of the major shareholders of that company.

Just all a wonderful co-incidence at the perfect time

Come on pull the other one

Jez 4 JDAU nil

Sorry JDAU but you can’t claim to be both

-a stalwart investor in xtr over last 10 years and happy with the company

And

-a credible opinion

In fact you can make that claim as is your right but don’t expect people not to notice the contradiction.

Another absurdity:

“It was hoped that the AGM and the GM could be held concurrently, but as the notice periods for the AGM and the GM are not the same, it has been decided that the AGM should be convened now, with the GM to be convened in due course”

So they were hoping something would happen until facts got in the way.

There might even be a “coherent narrative” to look forward to ffs

How absurd is that statement?

Daylight robbery - detain and deport Prelea