Member Info for JimBL

Nope, you're missing nothing at all! They also did this in February at 5.5p and the offer was (unsurprisingly) undersubscribed. Still no sign of an investor coming onboard so this will no doubt happen again if they go for the license - which is another $0.5 million they don't have. Who knows what the price will be by then - if it survives at all.

LOL! Funny how the confirmed rampers go quiet once reality - and losses - hit them too!

Heaven knows - but stringing along shareholders for several years did absolutely nothing for confidence in here. Given the bad press Octea / BSG have had, along with our own dreadful performance (or lack of) I am not surprised no investor has yet been found.

Agreed. Yet pointing out the failings of the BOD over all the years and some posters on here (currently silent I note!) try to label us as 'derampers'. Sad to say, but I'm sure they are learning the hard way that which we have already experienced.

Yeah, the only breaks this company have presented have all been bad ones. Worst investment I have ever made - though thankfully it taught me much about AIM.

So, none of your 3 options have happened but you put more money in anyway? Talk of a license is fine, but it will cost $0.5 million which the company doesn't have and still no investor has been found.

Not when Smithson is taking $280k a year and we have no income.

They should find that Pastor and get him on the payroll. He unearthed more value with a shovel than STEL has managed in a decade.

Must be long bloody sleeves then!

More extensions than a WAG's hair. And repaid convertible loan, by taking out a new one slightly larger. As uninspiring as ever.

Time's almost up for second longstop extension with Octea (31st). "Completion of the agreement remains subject to valid licence opinions being obtained for the Tongo and Tonguma licences, any encumbrance over the Tonguma company or assets being lifted, and both parties being satisfied that Stellar shall receive sufficient funds to finance the Front End Engineering Design stage of the mine plan." No license nor opinions. No funds for a license nor the FEED. No investor found/named (in 1 year almost). Still no explanation of what the 'encumberances' are over Tonguma 'company or assets' which need to be lifted. Dead as a Dodo this.

We dont't have the money for the license ($0.5 million) at this time. Unless Guinea assets get sold then i can't see where it'll come from. There are issues with Tonguma licence also (encumberances)but the company won't say what those are.

We've got no actual mining licenses for anywhere! Trial mining ended and of course the Guinea assets (Droujba, Baoule, Mandala) are again trying to be sold off. That is where the majority of the previously sold diamonds came from.

Truth is, almost 1 year now since we were initially suspended and still no investor has been identified. If this was such a massively compelling financial success in the making, one would surely expect that funders would be keen to get onboard. Yet not a $ has been forthcoming. Pretty hilarious to keep being accused of deramping by someone who bought in a few months ago - when we have suffered for 6 years in here!

My memory serves me well - he was touting a 2 quid sp when this 'soon' goes boom! Boom indeed - as we implode.

You lucky, lucky b@stard as Monty Python would have said ;-) Only 1180 times? I would require over 1700! Just as well we have a resident poster who assures us all will be well and we'll end up rolling in clover. Excuse me - just spilled my tea laughing out loud at that.

It's even worse when you read/consider it in full. There's no notification of license opinions being obtained; still no word what the Tonguma 'encumberance' is let alone what needs to be lifted; No investor found or named yet. "Completion of the Agreements remain subject to inter alia, valid licence opinions being obtained for the Tongo and Tonguma licences, any encumbrance over the Tonguma company or assets being lifted; the parties (each acting reasonably) being satisfied that Stellar shall receive sufficient monies to finance the Front End Engineering Design (FEED) stage of the Mine Plan (“Initial Financing Condition”) (together “Completion”). If the conditions have not been satisfied or waived by 30 June 2017 (or such later date as may be agreed by both parties) the Agreements may be terminated. The first elements of mine development are planned and pursuant to the Agreements, are required to commence within three months of Completion. In the event that Completion does not occur and the Initial Financing Condition has not been met, Stellar will be obliged to pay certain costs to Octea which, if incurred, are expected to be in the region of approximately US$150,000."

"If the conditions have not been satisfied or waived by 30 June 2017 (or such later date as may be agreed by both parties) the Agreements may be terminated." (Tribute agreement 28th April) No investor found yet so clearly the terms haven't been satisfied. Better hope Octea grant a waiver by COB Friday.

I'd wonder if anyone currently posting has any idea of the last time this sp actually showed an actual rise? Of course it's all relevant to when you bought in - but this share has been on a downward trajectory ever since it floated many years ago. If there is no up from these levels then this company is dead in the water, no matter what spin anyone wants to try to put on it. It's still almost 2/3rds less than the post consolidation split price of Nov 2015.

STEL has sunk below the post consolidation sp of Nov 2015. 16.5p (50:1 consolidation price) down to the current level. It's been dead, not static, for a hell of a lot longer than 2 weeks!