Member Info for jdt1990

Very true H50 and as I have said previously, I think the only thing that will stop him running a mock here is the fact there are some credible people involved in the project. LC is utterly useless and runs AIM companies to fund his pockets so lets just hope its the other guys in the room doing the negotiations not him.
Just look at the Imweru deal - if we didn't have the Blyvoor project in the wings, giving away an asset like that for $1m due over 24 months and a tiny NSR would have raised a lot more alarm bells for people as to what this muppet is capable of.
Anyway, always skeptical of him but hoping for my bank balance the more credible stakeholders take the reins!

Have to say I feel the drop has been overdone but this needs some positive newsflow soon - and ON TIME

https://www.kitco.com/news/2020-06-24/-3-000-gold-price-no-longer-target-it-s-now-10-000-if-Fed-assets-collapse.html

Imagine!

Fair play, I was a little late to the party here so have an average of 5p but if I was in from the 1/2p days I would certainly be top slicing.

You also have to think my numbers below assign no value to Akrokeri, if they find anything there this becomes a different beast......

At $1700/oz gold price the 14,400 oz pa with an AISC of $800 is close to $13m / £10m per year in EBITDA. More than 50% of current MCAP in one years EBITDA ......now you can see the investment opportunity given this is a 5 year phase 1 project.

FFS LC - pick ONEEEEEEEE project and get it over the line, simple as. I think the man is utterly deluded and thinks he can multi tasks.
You've diluted the company to high heaven, PI's won't let you consolidate to raise again and again and trust is at below 0. If you can get one project generating revenue there is some light at the end of the tunnel. However, even what was flouted as being the easy one Bordesely that is yet to materialise. IF HE BLAMES COVID FOR THAT ONE I WILL FLIP MY LID.

And thats why he has gone down this route, so the PI's who blocked him at the EGM have no power to stop him letting his mates in. Even if this Co goes t*ts up, they will make their 22% fees so worth a punt for them.

Having seen this gut in action over on KIBO, why, if you had 14 interested parties ready to pounce on a fairly solid economics gold project, with POG projected to rocket, making it even more viable would you go out 3 days before the news is due and raise £1m at a 25% discount?
Keep the lights on and pay the salaries that they can no longer bleed from KIBo and they have bled that one dry? or nobody is interested enough to make it viable for KAT. We are on the back foot here given there is only 1 way this project gets off the ground and that is someone paying the $35m up front costs.
I'm invested here but I wouldn't be shocked ot see a delay RNS tomorrow/monday on the financing update. 14 interested parties, I think 13 of them just called up saying "I hear you have a pile of rocks that need some gold extracting?"

He snook this in at the bottom the cheeky sod:

The Company furthermore intends to arrange a new EGM to ask for approval to create more headroom. Formal notice to go out shortly.

That's what I am waiting so see....although I have to say this is a material improvement from the previous EGM attempt.

Not sure i follow the 40% paycut bit though......I thought they had no money to pay for salaries hence all the skullduggery in the previous EGM? I personally think a 100% pay cut and options at 5p would be about right haha

KaiSharp I tihnk you're giving him wayyyyy more credit than is due! This screams to me none of the 14 "interested" parties were interested enough to sing a financing deal in the near term so the only way to pay my salaries is go to the market for a placing. This man is an utter crook simple as.

Thanks Pdub, have to say I am guilty of not using the filter button enough and more than likely through good nature like to give my 2 cents worth rather than just filtering and moving on.

Rest assured the reason for this is to ensure there is some offset to the negativity for others to see, rather than letting derampers litter the bb and any new investors see only one side. As not all reported posts are removed.

I've been in here for a good few years now and as with all my investments, do my research and ultimately make my own decisions whilst using these bbs for discussion, opinion etc (including your good self sir).

My investment here is rock solid as I believe this a great Co and have a huge interest in renewables regardless, I wont be swayed by anything except an RNS that tells me otherwise. I just think balance allows new investors to see both sides.

I would also add to that an audit violation is immaterial in relation to some of the backhanded crooked and down right illegal shenanigans that go on across most of the AIM.

I’ve been invested in KIBO ATM NCCL KAT etc for a number of years so any delays Africa related comes with the territory for me. Some delays have obliterated my holdings, granted, but for me something sits a lot better with BMN and I can look past the delays to a company that is ultimately delivering steady profits and making good shrewd business decisions. Not placing and consolidating to fund a crooked CEOs salary.
All my personal view of course but in my eyes a commodity based company in Africa - you have to be prepared for a bumpy ride!

SHP - Im not sure ramping was the cause of the SP being materially higher in 2018 and 2019, it was the V price. Any stock heavily correlated to a commodity price will always be volatile. Bmn (among other reasons) has dropped in tandem with the V price but not recovered to the same degree hence why a lot of people Including myself feel this is hugely undervalued.
One of the very few steady profit making companies on AIM that has a solid balance sheet, good governance and has ridden the COViD storm very well. Would be hard pushed to say this was ramped and tanked, it’s no pump and dump lifestyle company.

Even with a vaccine, you have to get people to take it! I think there will be a huge contingent of "anti vaxers" like Djokovic (who has ironically ended up catching it) and people who are just not prepared to be injected with something that has been rushed through trials with no concrete evidence it is safe. I certainly won't be giving my family a jab that's been researched, developed, trialled and approved in 6-9 months! Hence why even with a vaccine in play, I think the demand here will continue well into 2021

I don't profess to know the ins and out of producing a LFT, however, I am hoping the prototype "blueprints" as such will not need to be changed and it is a specific component that requires work to improve the S&S. That way the manufacturing process and agreements can be worked on simultaneously and be ready to go as soon as the gold standard version is in play.
That way what may seem like a "delay" in having best in class S&S prototype ends up with us being on target timeline wise for reg approval and mass production.

The longer this silence goes on, the more I think the only way KIBO will get any cash injection is by selling our stake in KAT once a financing deal is done over there. Who on earth would want to take part in a placing at this price? LC knows PI's will block another attempt to consolidate so maybe KIBO just has to wait for its KAT holding to be of enough value to push at least one project along.....just one please...deliver something!

Denn - The COVID product has allowed AVCT to raise significant cash that will progress avenues previously shelved due to lack of available funds. They are now 2 very different things:
1. Covid test in prototype form which the quick buck rainbow chasers helped push up the SP to make a very good placing possible. This wouldn't have been doable pre Covid.
2. £48m in the bank to work on the cancer treatments. You cant tell me that was never going anywhere. Look at the agreements they had in place with LGChem etc. Now they have the ability to grow the business and rapidly, thanks to COVID hopefully proving the AFFIMER CONCEPT!

Because Novacyt is a company producing a product in a crowded marketplace. POC LFT Antigen tests are a different beast, plus having raised £48m to progress the non Covid side of the business potential here is huge. I could list a number of junior Pharmas that have been bought out by the big guys for billions whilst being loss making. Pharmas valuations are very much potential based....now go deramp somewhere else Denn you're starting to get on my wick

Completely Agree Moneymaker. I feel the POG and a JV partner here to stop LC trying anything stupid may just keep this on the straight and narrow. My cynicism is very much directed at LC form past experiences, the project has potential, once we hopefully pass this financing hurdle and he hasn't given it away like Imweru, there's some good upside potential.