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That's exactly what is happening. I would recommend selling out before this gets de-listed. Even if you've only got a tenner left you can still just about buy a bottle of Whisky with it....
Is truly awesome! From Stellar! to Primordial slime. I think it's a far more honest name for the company that it is.
I checked your calculations FK and there is just one slight correction needed, remove the m after £15 and that would be about right.....
Can't be bothered to argue, look at the reports if you want to see the cash burn but it was around 800k if memory serves in the space of a year or so with nothing to show. Last post now so farewell quimdell, fort knutsack and aj******* hope all your buying pays off! (for those wanting out).
That happened a long time ago FK you're grabbing at straws. Price is due to shocking cash burn and zero comms. DS & DL are mates and can be considered part of the same team. Neither have any successful history of delivering for investors.
So they left AIM at 0.06 and are currently trading at 0.033 on ISDX. Errrm what definition of 'doing very well' are you using? It's not a total wipeout granted but I'm sure investors who bought in on AIM aren't exactly overjoyed with the fortunes Mr Strang has brought to the company.
What has that to do with STG?
What has that to do with STG?
Seriously, who cares about any of this? All that matters are facts and figures, the facts are your directorate has a seriously dodgy history, the figures are enormous cash burn with nothing to show, dreadful investments amounting to nothing. Tom Whinyfroth's past has absolutely no bearing on this share AT ALL. It's just all you can find to cry about.
Wasn't even my post derrrrrrr
Oh and that is exactly why the share price hasn't taken off. Most of us are wary.
Just to remind you guys of what happened over at LGO, in theory and in practice are very different things. Champagne comes out of a bottle very fast when the cork is popped (especially when you pump a load of agitator down there first). if I knew the director of a company claiming amazing figures/flow rates etc had SERIOUSLY LIED AND MANIPULATED THE FIGURES in the past then I would be wary. Very wary.
The latter, and they really don't care because no-one will ever hold them to account.
Well pretty much everyone knows what I think i would look at the Historic cash burn to get an idea of future. I bought in to STG about 1.5 - 2 years ago and in that time they burned a cool mil on nothing! No progress on Gold, no expenditure on HH commitments, coal abandoned yet all that money just evaporated and they had to do a fund raise on the HH hype. An no communication of substance from the BOD.
Not any more, thankfully you bought them! LOL!
I haven't missed the point at all. I have learned (the hard way) that most companies on AIM are crooked. This is one of them.
The big concern with STG is we fundamentally don't trust the Directors with our share of HH. They may not administer it in our best interests. They may sell it to their mates for a 'mates rates' price whilst crowing loudly about how it is the best course of action as we can't afford our obligations for ongoing costs etc etc. Like what happened with Regency Mines. Or that we need the money to invest more in Fresho freshly fresh farm foods or whatever it's called. The risk comes from the BOD. That is the problem.
What a total crock! This is one of the most dangerous places to put money for HH, safest?! What?!! UKOG is probably the safest and that is reflected by the investing behaviour of your 'canny investors'. Oh, and as for the deramping, that has absolutely no effect whatsoever on the share price, and neither does the ramping on these BBs.
Wait for a bit of positive looking news & sell on the transitory spike. One thing that seems to feature with Lenigarbage stocks is generation of ramptastic RNSs that people like ajbennet will get taken in by at which point you have the opportunity to get the f out of dodge.... Long term the trajectory will always be down but turbulence may give you the chance to exit with the price of a bag of crisps.... For me it was that Gold hilarity when someone posted a video of some gold being recovered with that machine that was around for a while. Price spiked right back up on that so got the hell out before it fell back through the floor again....