Member Info for JohnBull65

Comedy gold from our resident trader...........DYOR never a more pertinent suggestion!!

I think that we are fast approaching the time when something needs to be done regarding bringing this totally unacceptable situation to a wider audience, by which I mean notifying the financial desks of key news outlets (eg FT/Reuters etc). It beggars belief that the two schemes (TILS & Accustem) could be sanctioned by the Courts without any element of follow up to confirm that the stated proposals were actually carried out within a reasonable timeframe. Communication is key in any “relationship” and I am sure that it is well within the means and control of the BOD to provide an update which is long overdue.

I suspect that the last four trades showing on LSE totalling 338k shares will all be buys. Seems like some anticipation of good (any??) news before AGM?

Probably just LSE getting it wrong - my buy earlier - same volume and price as a similarly timed “sell” showing as a sell.

Extract from RNS regarding definitive agreement and outstanding conditions etc. should clarify the position (or maybe not!!):

"Given the need for binding contractual documentation to be executed and satisfaction of the Conditions, including approval from shareholders of Conroy being given at the EGM and applicable regulatory consents being granted in the Republic of Ireland and Northern Ireland for the transfer of the licences to the respective Joint Venture Companies. The definitive agreement is expected to be entered into by both parties prior to the EGM and would become unconditional upon satisfaction of the outstanding conditions – however there can be no guarantee at this stage that the Agreement will become unconditional."
IMO everything appears to be moving in the right direction but cautionary caveat, as above, regarding nothing being certain just yet. GLA holders!!

Holder here and RMM - IMO best gold buy is GGP - huge rise of 2020 "spectacularly" unwound this year. Undoubted tier 1 gold deposit at Haveiron emerging within JV with Newcrest - with GGP also holding further 100% owned prospects , several in close proximity to Haveiron. As always DYOR.

Bluesquare - you have misinterpreted my comment which was that fewer warrants issued overall when compared to the original arrangement - so no indication of this not being a chosen course of action by the BOD.

As shareholders we are never going to be party in a timely manner to the majority of decisions taken - that's why there is a BOD, hopefully comprising people of sufficient skill, knowledge and integrity to run the company on our behalf. With regard to recent RNS and change to debt/equity mix, IMO if you have faith in the BOD then this should be viewed as a good thing, reason being they did not have to action this change as the debt was already agreed and ready for drawing. The conclusion must be that the change is a positive one for the company, especially given the equity was priced at a premium and the deal did not have to be sweetened by issue of more warrants or supplementary gold - exactly the opposite, actually - which might have been expected if RMM had been "forced" in to this revised arrangement. IMO investors should ignore much of the "monkey business" spouted on this forum by posters with a clear agenda, even when applied in a subtle manner.

Thanks for providing that detailed commentary on the interview. Key point for me is that primary reason for raise as noted within the RNS seemed to be "...to accelerate HAV...." with any surplus cash to be used on other prospects; reading your commentary, SD seems to suggest the exact opposite? Some clarity/your opinion having listened to the interview would be appreciated. Thanks

Bit of a C U Next Tuesday trick IMO. SD clearly a typical "Corporate" guy with no affinity with the PI's who, to a large extent have carried GGP forward to its current position. Disingenuous opportunity for PI's to take advantage of the placing price unless have access to ready cash....and very quickly given cut-off time for Primary Bid. Very disappointed in this as a LTH but live in hope that the consistent drip drip in the SP overseen by SD throughout 2021 will soon come to an end - and not just by the year ending!!

Interesting RNS. Intercreditor agreement is essentially a deed of priority, between secured lenders - the only current security charged (as recorded at Companies House) is in favour of West Face Capital but their debt was scheduled to be repaid from the Newgen loan so unless that has changed West Face can be ruled out. Not sure if any RMM subsidiary has any existing security in place that would need to be subordinated? Riverfort is an unsecured facility so shouldn't be them. Transamine loans should all now be repaid I believe so I wonder if Newgen are seeking some additional security from a third party (major shareholder perhaps - a charge over some of their shares?) which has caused this delay? Unfortunately, more questions than answers at this stage but my take on this remains that matters will be sorted satisfactorily and I believe that the underlying tone of the RNS supports this opinion.

IMO can’t see the connection as don’t see how Flux Power could be categorised as an Institutional Investor?

Seems reasonable IMO for someone with actual knowledge of drill results/indications at each site to make land acquisitions with an eye to the future in a timely manner BEFORE such knowledge becomes public, when the price of that land would become very much more expensive? Also removes a potential obstacle for any future purchaser of the prospect/company (or for a JV partner in mine development)?
A much used phrase but “patience required”!

Your message is unfounded scare-mongering in my opinion. From many years experience of corporate financing and particularly so since the onset of COVID, a 3 month time-frame for this type of deal is still fairly quick so this small delay indicated at a maximum of one month is not an issue. Of more importance is the news that the DD has been completed so just on with financial/security documentation/preparing for registration by sounds of it - IMO it would have been more "hard to believe" if it HAD completed in just two months - borrowers often have an optimistic view on such things, hence their anticipated date not being met. As always, my opinion only.

Anyone making comparisons between ACP & SXX just doesn’t understand this opportunity. Massive difference in capital requirement, timescale to production and clear and growing demand for product - all favourable for ACP so a definite buy/hold for me with lots of excellent news imminent.

LTH but I fear the giant is in a coma!! Hopefully long awaited news on company progress will be arriving soon rather than the generic POG/favourable jurisdiction tweets that have been the only “communication” for some time.

My take on key aspects of the RNS. 1. Dbay have an eye for a deal. 2. They are comfortable with current liquidity. 3. Acquisition of brand positions the group as a more attractive proposition for a disposal to a third party or provides a more stable platform for taking the business forward under “current” ownership. All good IMO but unless circumstances have changed since the ill-timed pre bank holiday RNS, can only assume IMO that spooking of shareholders was a plan to move shares in to more “favoured” hands?

Long may this relative quiet on the board continue - SP performance in direct inverse relationship to level of noise on here!

The financials for this project are stunning - and about to get better when confirmed by month end! Everything moving in the right direction and multiples of current SP will be the reward of those holders with a bit of patience IMO.

Holders/potential investors need to ask themselves why would anyone post negative opinions on a share that they are not invested in on a message board? AIM and associated message boards are not renowned for their altruism so the only reason is to spook shareholders in to selling so that SP drops and said posters can have a short term trading opportunity. I have a couple of holdings that I wish I didn’t have but I keep my thoughts to myself on those rather than posting them on a message board so I would suggest that shareholders DYOR and you will see that no new negative news has arisen here, more time to take things forward has been agreed, and prior to the ill-timed RNS this share was trading between 7.5 and 9ish consistently pending news on what is universally thought to have been a very strong period for the trading elements. No reason to do anything other than HOLD/top up at the current level otherwise you will be giving your shares away on the cheap IMO.