Member Info for jimbobtechstock

Possibly he meant M&A? - RTO being reverse takeovers but it's only a term used in investment communities - in terms of general business like APC it would be a takeover rather than a reverse. The lingo makes me even more wary to be frank. I am pretty sure - especially with the trades today being round numbers and being at a price below which very few would take profit, coming after that RNS, makes me think this is being shorted down and some posters with new IDs are part of the shorting crew. My contact thinks they were shorting it down to a timetable of results in the new year, after a trading update pre-results failed to materialise in November as per previous years. There's a suspicion results always were going to be this side of Christmas but when they got wind of the short they thought it would be prudent to issue a trading statement along with the results to burn the shorter. No-one's buying because the T/A gives the game away, wait till it bottoms then they'll pile in IMO.

Who were the dumpers? 2 very different looking patterns of dumping plus the 200k at rock bottom. Why did they sell, and are they regretting it? Also where are the buyers? This doesn't overly worry me but as someone noted below at this price APC is priced to fail and yet it looks like RH took a bloody great axe and did what was necessary. Always said they had enough top line to play with to carve out the profitable bits - a decent year this year should further shore up the balance sheet and I think IoT is the right place to be right now. On the technicals it looked like they were trying to trade this down to a new low in advance of results but not only are results coming earlier than many anticipated but also we got this update 2 weeks before that, potentially burning anyone who wanted to ram this into the ground and then catch the bounce up on results. Some trading oddities on the share of late - maybe will be a few more games played in the coming days and weeks but I can't see how 5.8p isn't going to be bottom. I already picked up extra at 6.5p before it collapsed further and I'm looking 8p as first target as I think that placing was done in the knowledge that a corner had been turned and 8p seemed fair to them then.

It's funny isn't it how certain characters turn up just before news. Not just here but in that other share we're both in - who would have thought half decent results would pop showing the ship is back on course 2 days after the clowns showed up and market had shaken it right back.

Trading update and pre-results. Road to recovery confirmed IMO. Big painful hit in cost cutting and some further non-cash losses but all absorbed in debt and placings cash. Profit last year before exceptionals (large exceptionals) and Q1 of the new year looking strong too. Full results in 2 weeks as my contact hinted before Xmas. Reckon if shorters are caught short they'll try and pull back this morning despite this being good news overall IMO - saw that on CPX with strong results but sp pulled back to shake out before closing up. But today should mark the start of a new era for APC I believe. GLA

"you are basically saying the mine was not up to scratch from the start" - No I'm not. I'm saying the concentrator plant and the mining plan were not up to scratch and it needed funds to fix that. Bass got the funds and they are fixing it. We could have got the funds but not against the mcap we had at the time without serious dilution. Yes you are right in that Brett said significant progress was being made - and I believe it was - but it wasn't good enough to tip us into profit yet the impression given at the time in RNSs last year were that we were getting in to profit so that is a black mark and one I believe that the whole BOD have to share including directors who departed this year. That's all I've been told. @Greenhills - YOU were the one who brought up YOUR tax records in Germany as if it would be some kind of proof that "you can inspect" to prove your losses. Your 5 posts back-to-back make me think you're jumpy as hell about that but I was thinking about 2 other prominent derampers at the time. Anyway GH you're twisting my words again to make it look like I'm admitting to something I'm not. As I said NONE of us KNEW at the time how much was needed to fix the mine. I learned a lot reading the BSM prospectus for their fund raise as to how much needed to be done. Hindsight it marvellous. The thrust of my main point is that I tried to find a solution at the time that didn't involve selling our asset to Bass but we went round in circles and kept coming back to a simple fact that the BSM money was the cheapest money. Much of the reason for that is because the register here was so poor and the sentiment was being trodden on by derampers. In a perfect world we'd have had a second chance. The JV mine too - you guys haven't left this alone and if we do go bust heaven help anyone who helped screw this into the ground with abusive short positions and deramping on here because I am coming after you.

They wouldn't have had to do that last February if they could raise the money against STGR but the damage was already done by then. I know it's a bit much to be asked to be trusted on a BB but I personally arranged for shareholders to come together to discuss options and Brett, whilst he was restricted what he could say to us directly during the deal period, listened to us. We tried to see if we could raise what we thought would be enough to patch up the mine but the truth he couldn't tell us at the time is that the original concentrator plant was so badly designed it wasn't up to anything other than the surface scrapings, they'd spent 6 months sorting out the workforce and making sure basics such as a diesel mechanic was on the staff and there wasn't a viable mine plant to ensure consistent head grades and that needed a drilling campaign to sort out. The list goes on but 3 or 4 of us mulled over the options - even though we didn't quite know how much capital was actually needed - and even working to a smaller sum than was needed we started to see the ASX deal as a cheaper way of raising capital than anything we could accomplish on LSE. All this time we had one or two prominent voices ensuring sentiment here could never recover and I had market intelligence suggesting shorts were being increased and we couldn't bat against that. Bearing in mind the previous BOD was the second BOD, between them we ended up with a pretty dysfunctional state on the ground and it the new BOD under Brett wasn't being given a chance. Maybe that's fair game considering how the market works but it was utterly frustrating and whilst I think Brett and Shishir have made their own mistakes in the last 17 months they pale into insignificance against what they were faced with and they did wonders on a shoestring and never took a cent in salary. On top of that they converted their salary debts at 2.5p despite the SP today, the 2.5p price being based I believe on a "fair value" assessment considering I had sight of analysis estimating at least one MM was nearly 10% short at the time. Strip out the shorters and the price is surely a penny higher. And against all this that we were trying to achieve we had the glib petty and disingenuous drivel from online derampers. Whether they were just full grown kids who wanted to get revenge for their losses on anyone else who stood by the company or whether they were voices for the shorters we will never know but that is why today I have Zero Tolerance for any deramper coming here to extract their revenge or shout their short on. They can f off.

I'm all in here now, after a couple of 1.5p buys last few dips. I'm spread quite thin I have 7 in my AIM portfolio typically it would be 1-3 in that risk bucket but I'm hoping for great things in the next 4-12 weeks elsewhere and then I'll be adding here if the price is still down at these depths. Have more than enough STGR to take advantage of RTO news if it drops before I get chance to add. I think today's RNS was a clear warning shot that they won't be raising money off a depressed SP here for the JV, they'll find another way, and the RTO will happen.

Nothing emerging from Bass suggests we won't hit all targets and take full £8m (more including favourable fx) from Lohorano sale. What's your interest here? Amazing how they all crawl out.

Were a shower. New BOD were made to pay for their past mistakes. Some posters wouldn't let the newer shareholders forget the older shareholders. They went as far as to insinuate on numerous occasions the Lohorano mine resource was no good. It took money from ASX, 2 lots of duedil, an independent engineering expert appointed by Bass' capital backers, and resumption of mining at much higher grades than we could even dream of, to prove the doubters wrong. If only the despicable individuals, whether grudge bearers or shorters, had given the seedling of positive investor sentiment chance to blossom we would still have ownership of that mine and 100% of the rewards would be ours. I firmly believe that. The greedy and the grudgey put a stop to that. I firmly believe in karma - I sleep at night, can look my children and my wife in the eye and know I will die rich in many ways whilst relatively poor in others.

Doesn't make sense. Yesterday we were in the dark with derampers em warning us that an RTO was essential. Today not only do we get a progress update on RTO but we also get update on finance strategy for JV that doesn't include raising money off our listing but also confirmation that we bagged some profit from BSM. Selling at the price they could have got yesterday one day when the outlook looks more positive doesn't make any sense at all - unless you're worried about a short position from shorting this down from 3p and a bit more circular money into the pot to make this RNS look like bad news and spook other holders. The negs made damned sure sentiment was ruined here last year despite the new BOD so that meant we couldn't raise money to fix the mine and had to offload it. Utter contempt for the posters who had a clear agenda and I hold them personally responsible for what transpired as they knew what they were facilitating with the crap last year.

What a know head. They just won't let this one go will they....

Not only that, but the plan to float TRM separately I think is an acknowledgement that raising money off STGR with the register still preoccupied with past failings (as evidenced by the clowns on here failing to move on) is not a good deal for STGR holders. New venture new vehicle, focus on a realistic RTO that will clean our register out and the new get back to the JV and picking up spoils from Bass. On the contrary I think selling some BSM now means confident of more shares incoming from Tranche 2. Best time to sell before tranche 2, push the price down of BSM then pick up more shares in Tranche2. At least that's what I would do.

When's the last time derampers turned up here? Oh, that's right... just before the last RNS. Shored up the cash and, oh look, my prediction about gold based on Brett's background turned out to be a great guess!

The minimisegroup site host is a company called UK Webhosting Ltd (I have the company number back in my office) but another company could well look after the content. I had 2 contact numbers I tried both

Well I've been doing a bit of duedil myself, including locating and trying to contact the web hosts for Minimisegroup.com It appears as though these guys are hard to reach. A web hosting company with no web presence, whose phone numbers - both the 0800 and local number redirect to a Homes company? Have they pivoted the business? The phone number previously associated with their web hosts was also associated with importers of children's toys. True there may be another layer of outsourcing between the web hosts and APC but it's looking to me like their web hosting company has wound or is wining up its business so I'd be careful before coming to conclusions about unpaid invoices because sometimes invoices aren't paid for legitimate reasons - like agreed work not being carried out - and we only have a first-time poster's word for it that invoices are going unpaid. Meanwhile I asked a friend in the city about APC yesterday and got an interesting email this morning. He suspects we will see results relatively early in the new year - and perhaps even before Christmas - and his assumption is the share is being traded down now to get the MM back square on the fence before those results are out because it could go either way. Whilst I can't be sure either way, and my contact has no view on what is in the results, that explanation perhaps makes me even more suspicious of first time posters with negative views.

Probably - if they're sending in the cavalry to help with the close they must have oversold it IMO. "just got a new phone and was given a new name when I logged in again" - HAHAHAHAHAHahahahaha Seriously, boiler rooms aren't half what they used to be.

"Talking of costs - why do they need that expensive London office?" Didn't they close that office - or at least in the process of closing it? They changed the registered office in June this year to Kent. Also from the interims we see reduction in overall trade creditors: "Cash for the period declined by £0.3m to £1.0m. The share placement completed in February 2016 of £1.2m (net of costs) and a £0.4m reduction in inventory (net of the Minimise Generation inventory provision) was utilised to fund the cash loss for the period of £1.1m, reduce trade creditors by £0.6m, and fund new receivables of £0.2m (net of invoice financing). "

Well a quick look at the website including historical caches and the source code shows it was: a.) Updated on the 13-October this year b.) Had minor improvements/style updates on the 16-September (flagged in the CSS file as a comment) So to say they CAN'T update their website due to a supplier dispute I think it an interesting assertion. True it might not have been possible in the last couple of months but I know myself that some major highstreet chains ended up imposing 90-day payment terms on me and some of my friends' small businesses despite our pre-agreed payment terms being far less than that. It's awful on small companies but APC will be far from unique - I had 20 grand business debt owed for 7 months start of this year without any agreement or discussion with me. To be clear I am taking the post seriously and do agree there is what might be a legitimate worry in there - but in a world where anyone can say anything many people do.

Do you hold shares Theo? Because if you do and feel that strongly about it, and what you say is true, then maybe we should start some shareholder action. Because we only need 5% these days to get an EGM called, at their cost too these days. I've seen it on other shares - sometimes the shareholders leave it too late to achieve much, but other times hauling the BOD in front of shareholders on a shareholder agenda is both cathartic and productive. Of course I'm only advocating this if you are a genuine holder and you genuinely believe this can't survive. If you're not a holder then that raises other questions about why you choose to create a new account and start posting here at a time when there's a 50/50 possibility IMO that someone's trying to close up a short position after being surprised by an 8p placing - yes an EIGHT PENCE PLACING - which is 33% - yes THIRTY THREE PERCENT ABOVE the previous placing this year. Yet we find the share price has crashed to that magical 6p mark. Why would that be, do you think? Isn't it more likely that the people taking part in the 8p placing had done some DD of their own and were happy that the company was turning around? Honestly - it's a 50/50 call as far as I'm concerned, but it would be refreshing to see a poster unmask themselves and start arranging signatories for some constructive action rather than the usual de-ramping trying to scare holders into selling behind masked avatars online. Apologies if you find this confrontational but I've been around a bit, on several BBs, on several shares, on several placings, lots a lot, made a bit, and one thing has struck me recently the sheer number of mendacious posters on share BBs. One of my shares went from under 2p to peak at 6p yesterday - and that had its fare share of similar-sounding doom mongers - just before the share pinged back. I've lost patience with the BS. Let's get an action group if you really believe that, or stop trying to scare people out of their share if you don't.

Maybe the shares from the second placing struggling to find a home... Or it could be the placing shares found a home when the MM weren't expecting them to, so the market makers find themselves short so have collapsed the price to pick up the shares cheap. I can't say either way because there's evidence the MM are short (the huge gap down on Trump - taking advantage of external events to drop the price *often* indicates MM short) but yet there's been a bona fide sell-off so the drop kind of looks legit at the moment. What I do believe with 100% certainty is that shares on AIM and in particular thinly-traded shares like APC get played by the market makers and those with far more spare cash than I. I'm not overly worried - been in enough shares that get pulled back only to ping back to know that to sell out at a loss on share price alone is usually a bad move.