Member Info for Jackbal

I did bandit. In fact I almost bought Friday then decided to think about it over the weekend.

In spite of all the plentiful negatives and a bod who have shown their true colours I just couldn’t shake the feeling 4 mill mcap was still too low.

This time round no Illusions about exactly what I’ve bought but even if you say 100% Anza is only worth around 4 million (because mma recently paid 2 mill to secure 51%) then the Omi 4 mill mcap too low.

And that’s applying zero for Arg zero for Brazil, guaranteed dilution and a bod working against us I still thought if trying to be unemotional 4 mill silly low.

We will see and if I lose more i almost deserve it for exposing more cash and not being able to resist trying to buy a low,

No love for the stock just a bet to try and get avg down so I can pull out stake sooner

I must admit to buying some this morning.

Still think the bod are a joke and not looking out for shareholders at all and it’s a pure gamble.

Not going to go all rampy to suit my position but on reflection I do think 4 mill mcap is a bit overdone to the Downside.

Had to place my order at best as quite and deal wasn’t available

Coyote you are fxckin BORING

Please stop with your repetive bilge

Ignore the noise DYOR

He’s a straw man and he’s only there because the JV partners want him in there to go along with whatever they want to do on Anza.

Makes sense to me

Impy it’s absurd that he was trying to disguise himself as almost poor when we all knew his annual salary. Beggars belief really

or to be more specific if stinks of concert parties working against the majority uk aim holder.

it’s obvious omi bod not interested in looking after aim holders interests but this is quite a brazen attempt to kick the **** out of its own equity.

if he hadn’t introduced the jv’s that nobody wanted omi cash position would be robust with no need for dilution.

prob one of those totally legal yet totally immoral situations capitalism throws up

Breaktwister I lean towards fraud/manipulation.

I just don’t think it’s possible for grown men who can read and write to be as incompetent as they present themselves.

If they didn’t have phase 2 agreed why sell 51% option. Made no sense then and even less now.

That’s why it’s getting crushed so bad, it all stinks of wrongdoing

Guys I’m still scratching my head about ceo comments about diluting newmont.

Even if he dilutes top co. The Colombian project would stay 49/51.

Unless he’s talking about trying to prevent Newmont carrying the vote? If so that still means diluting us all just as badly as newmont. We would share their pain.

And it still wouldn’t change the project level %’s so the JV majority holder would still be shot caller on Colombia.

Is this just total fly by the seat of his pants nonsense he’s spewing or am I wrong?

Repetitive bilge, first decent comment you’ve made imo but your confused. It’s the company’s own commentary that is repetitive bilge.

Another loony blaming his illness on the symptoms

It’s been heading this way for last couple of years. Like seeing a slow motion car crash.

No sympathy, it was entirely their decision to continue with the dilution model even though everyone knew it was a slow well payed death March without a non dilutive liquidity event.

They have got themselves (and us) deep in the brown stuff now. Simple Bob talks about the benchmark and “flexing” 10% up or down. What does his financial model say for 65% below benchmark? Does he even have a proper model?

It’s the same theme continuing in these results. Admin Costs of over half a mill vs exploration cost of 220k

As I said and kept saying you can’t dilute heavily, then spend only a fraction of that on drilling and expect SP up to do well.

They had ample opportunity in the last few years to find a partner but they couldn’t because it was too early stage so they spun the BS about wantIng to keep more % for themselves then when that narrative wouldn’t hold water went out looking for a partner.

Only something truly transformational will give back any value to long suffering holders now.

Does anything here actually believe they are capable? I don’t, I think they are one of most incompetent boards i have seen because they either

Didn’t understand the damage to the SP their dilutive strategy would impose

Or

Chose to ignore the damage and carried on regardless doing more early stage exploration WHICH BOB HiMSELF HAS SAID DOES NOT IMPROVE MCAP

So their own strategy was to heavily dilute and spend most of that money on activities that will not help the SP

What were they thinking? Were they even thinking?

The market has been as bad as I can remember for this type of stock but it doesn’t excuse what they have and haven’t done

Yes I hold a position and have been in and out in the past. I sold out my first position over 1.5-2 posted here at the time that 2p was a bit rich for me

Stated buying a few back around .8 with the intention of averaging down.

I was an idiot to believe their narrative around realising legacy assets to fund Cameroon. When it became apparent dilution was out of control I turned negative.

Still hold a few mill and was considering averaging down for Senala until the CIB miss and the cement. Now all I see is cap re-org, when not if

Agree Karl, I actually like high risk/ high potential reward gambling in general.

This one was a special high risk / no reward because the bod who generously helped themselves to more cash last year either

Didn’t understand the JV on the primary asset they had already been involved with for years (evidenced by their own guidance) well done have a payrise! Or

Didn’t report honestly about the JV (evidenced by their own guidance)

It can only be one of the two. Both are completely unacceptable

The example coyote is from none other than Colin Bird! Another Aim lifestyler

It’s like asking co-accused to judge each other. Ridiculous source of opinion

Ignore the noise DYOR

Take note of how quickly the cash is burning under their strategy of “free” hits and “slow” burn

Look at Castro the little weasel of a man.

Saying the least he possibly can which seems in line with what he actually does.

He’s shown his face for another fat pay cheque next year and is now already half way back under the rock he crawled out from.

Daylight muggery

“shows our ability to assess our assets quickly and ensure that each project can generate value for stakeholders”

The thing is though it actually doesn’t

Thanks for the sage advice Wonkey.

It never occured to me to read the annual report.

Everyone really should DYOR by reading my previous posts over last few years Vs coyotes.

Come to your own conclusions

In about a week the market will find out which type of noise it should be ignoring.

The long geo waffle irrelevant comparison noise

Or

The warning about the finance noise

We will soon find out which noise should have been ignored

If they don’t get project finance then Lanstead have been bolted on without the necessary catalysts and Orr holders only get the rough side of the deal . How they going to drill without cash?

Bod are “delighted” with Lanstead as their jobs are secure with the vote wrapped up and they get big salaries for at least another 18 months.

I can see why Tim is delighted but I can’t perceive any benefit for holders without project finance.

Without project level finance the only other option to fund drilling is finding top co. which would require consolidation.

This is as critical a time as I can recall for ordinary holders. No project level finance means either no exploring Cameroon or even more pig ugly dilution.

Maybe the reality is that this goes to zero without Lanstead so we should just be happy it limps on. But if situation is truly as awful then why are they still pulling out half a bar in costs plus further dilution every year?

A tiny explorer with no funds to explore but paying out 500k in wages etc annually might look to have its priorities very very wrong