Member Info for jono44

Not impressed, in crux interview free cash flow was going to repay debt didn't allude to fact that he needed to raise funds, which as interview was only a month ago raises question about honesty.
Unfortunately, and I'm a holder, the fact he gave shares for contractual liabilities and arrangement fees is a kick in the teeth for pi's. These shares should have been paid in cash not shares that might be sold at at whatever price the holders feel like. AV just gone down massively in my view, poor.
Sorry but this is my honest view.
AV needs to follow up with good news soon to repair this.

Levi it's frustrating and I know you been saying it for a while, everytime we get a bit if good news the price goes over 3p and then falls back with sellers quite happy to sell under 3p.
The placing wasn't 3p so can't see anyone that took part in the placing selling for under 3p but RKH did get over 14m shares and even tho it was qouted at 3p in reality it's whatever they are willing to sell for so IF they are able to sell they might let them go for whatever price they want.
But can they sell I'd like to know.

Great news usual market response.
Who's selling.
Speculation that it's Rockhopper, but from rns
"Consideration Shares held by Rockhopper in United are subject to certain lock-up and orderly market disposal provisions for a period of up to 12 months from completion."
But can anybody shed light on what the "subject to certain lock-up and orderly market disposal provisions" actually means, is there a way round this, can they sell before 1st jan 2021.
Whoever is selling is holding this back and if it's not RKH then who?

Sensitive news has to be let out regardless.

And its obvious what's fuelling the sells, forward short term profit, nothing more.

If the 650000 sell is somebody selling their allocation well that's about a 7 grand profit , it just makes sense to do that and why not.
Might see a few more in the coming days but that's the way these things work and we just have to accept it and do the same.

Anybody got a time machine!!
Not very encouraging.
Webinar is important for the company profile and to get date wrong doesn't give me any confidence if they can't get something a simple as that right.
Still a holder but patience wearing thin, expect another rns if they can be bothered.

One thing is guaranteed is that when people like him state they have " bought" what they really mean is that they have finished buying and now is the time to pump and sell to the mugs.

OK this is whats happening
New guy comes in, take charge, and says
You guys get the financing sorted and for you to get that this is what I need to do.
But to do that I need a few dollars ok so get me some and I can get started.
Then when you get financing done we're good to start construction.
Straightforward .
It's plain and simple.
GLA

Not keen 4u2sellatloss or anybody else.
Never been buyer never will b buyer.
Backed a few donkeys and 1 b4 with same trainer
Good luck F1

Wia if you look at the way zorbass gives out info here, doubt you'll ever see that info.
By the way no agm for over a year, last one when was it , oh yes that's right 7th jan 2019 and he doesn't need to have one until at the latest 31st dec 2020, not good is it, but that's how zorbass treats shareholders.
Crook is putting it mildly.

Ok Wia , re read.
So do you think the 200k will be enough to get the mining right.
It is going to be at least a year away if not more and as I've said won't happen but hopefully for you it will.
And if it does and the price goes up to where you need it well don't hesitate.
This is from proactive investors in 2014
"That report, prepared by MSA Group, also revealed the capital costs of developing an open pit would be around US$700mln and, importantly, assigned a net present value to Zebediela of US$1bn."
Do you agree zorbass won't get this kind of funding, a lot more now,ever in a mega million years.

Wia you do realise that zorbass will need millions and millions of funding to get Zebediela into production,he only just got 200k and that doesn't even cover his overdue wages.
He has no chance now off getting the required funding for Zebediela .
Why has he processed the mining application, because he would lose it if he didn't, and the gravy train would end when he can still squeeze a few dollars more for free.
In my opinion there are many many aim companies out there that are run by directors for the sole purpose of paying themselves a handsome salary without ever producing the goods.
They simply have no intention of ever getting their company over the last hurdle but will string along investors for years and years until they are found out and then do whatever it takes to squeeze the last few pennies into their own coffers and they don't care about you or me.
How long has zorbass been telling people that this is going to happen or that, it's taken years and years toget this far.
Mining licence is at least another year away but probably more and personally I don't think it will ever happen under the URU banner, but maybe someone else's.
And by that time well zorbass will have rode off into the sunset leaving bewildered shareholders behind saying I knew this was going to happen , why didn't I,why didn't I.
Just my opinion of course.

Wia with any normal company when they issue an rns about a placing they will basically state that they have raised funds for a reason
Now that might be progress a mining application or whatever, but not in this case it just waffles on and the bit that sticks out is how zorbass is still owed £260k or more and guess who gets the first dibs if it goes into admin you guessed it the almighty.
He didn't say what the money was for so thanks that'll do nicely.
But what did he promise in return that's what needs to be asked.

Wia don't think this is a plus for you guys quite the opposite, but just my opinion.
Got to ask the question why Lexinter, why did they give zorbass £200k just to pay his wages, what do they want in return.
As Ofd says smoke and mirrors.

OFD lexinter got their shares in the last placing.
Why not just issue a tr1.
Why go to the bother of an independent shareholder analysis.
Don't know who the almighty has gotten into bed with now but bet it doesn't end well for long term holders.
Why Lexinter would nobody else give him money to pay his wages obviously not.
Don't think these people will be interested in starting a mining company quite the opposite.
Not good in my opinion, but then nothing the almighty ever done was any good, was it, except for himself of course.

Just in case anybody is researching JSE this rns is missing when clicking on live rns tab above.
Only posting as I was trying to compare it to i3 energy's rns today.
https://www.londonstockexchange.com/news-article/JSE/acquisition-of-operated-90-interest-in-lemang-psc/14594346

Interesting.
Subscription rns 6th may.
You must have sold your 50+ grand of shares before the last rns because there haven't been that many sold since.
It went from ramp ramp the almighty to sell sell sell.
And you admit to knowing the people that once were very close to zorbas.
Looks like someone else got the nod.
True colours.

I think all shareholders owe Hayden a big thanks for all the work , his integrity and honesty, in bringing EML this far.
But we all knew that he would not be the person to take this project into development as would be the case if Graham had been in Hayden's role from the start, both have a great set of skills in their own field.
This is a natural and welcome progression in the future of the company and just underlines exactly why we all invested here.
GLA

Looks like a good investment.
Shows their not sitting back and are focussed on adding to their portfolio, if the opportunity arises.
Still looking to pay maiden dividend as well.
Overall well run and profitable company with a great future.
GLA