Member Info for jono44

If there's going to be a placing soon it makes sense that the share price will be go down to as near as possible to the placing price. Would not look good if they had a placing at 8 or less and the previous day's price was 10 or 11.

redindi thanks for your reply.

It seems to me SM are going to need financing of some sort in the very near future.

redindi I did read the latest update, it's the reason I'm concerned. Maybe some should read it again. As for the Silly Season it will end when the blinkers come off.

Sgreen you said they have a big fist of cash to hand, could you elaborate please.

Thanks Robbiefalcon for the help, but I did read the whole post that Wilson63 kindly uploaded and I hope it was a benefit to other posters including yourself. Do you think that more cash will needed before the end of the year.

Ok I get it, SM have built the office

The running of the office is £X
The tenants pay £Y
SM have £Z. In bank

Y does not cover X so Z is going down very quick, so what happens when Z runs out.

Will SM need more money before end of year and if so where will it come from.

Wilson63 I posted a similar query a day after the rns never got a reply from this board that answered it. Also emailed Seeing ,no reply.

A lot of information posted on this board about this and that and the next good thing but at the end of the day are they using a lot of money and when will it run out?

A lot of seeing(something ) posters on here posting links to all things to do with AI but very little discussion on the trading update. I think everyone should re-read the first six paragraphs.

The share price is falling why?

"Cash and cash equivalents at 30 June 2018 totalled A$43.4 million (£24.6 million)"
Taken from trading update

Does anyone know how much cash is left?

Does anyone know what the cash equivalents are?

Am I wrong in thinking that there has been a lot of cash burn in the last 6 months ?
I may be totally wrong but they raised £37.4 m in Jan add to that revenue of £ 17.48m(A£30.7m) total £54.88m.
Cash and cash equivalents at 30th June of £24.6m, don't really know what the "cash equivalents" are or how much actual cash there is. So does this mean that they have a loss of about £30 m in 6 months.
I don't t post much but I read this board and there are a lot of posters here that are a lot better informed, and
could explain this better and say I am totally wrong which is fine by me. I am not deramping but just concerned.

"Initial negotiations have already taken place with the owners of the licence and I hope to be able to update the market with a positive outcome soon, Can't figure out why people are selling, they should be buying. This is good news and shows that Nick Lyth Altona's CEO is actually doing his job and being a CEO insead of just collecting a salary like a lot of other CEO's. This company has great potential and solid backing and is now being run by people who wan't to succeed. Just my opinion.

From the rns on 1st march, Trevor Brown today exercised 1,000,000 Warrants at an exercise price of 5p each. The consideration received by the Company was �50,000. The 1,000,000 new Ordinary Shares arising from the exercise of these Warrants have been issued today, and application has been made for them to be admitted to trading on AIM. Admission is expected to take place on Tuesday 6th March 2018

Talks started over a month ago , Barrick chairman was in Tanzania so why is President saying they are starting now? John Thornton in tanzania, search on you tube!

ScatManFred I asked the same question on this board on 26th June, never got any replies so looks like nobody on this board knows the answer. But think there must be a reason for them and did you notice the timing of some of the trades today 13:47 1 trade 14:47 1trade 15:47 6 trades including the ones for 311 Some of these trades were showing on lse but have now gone but can be seen on iii. Anyway hope some of the posters on here that seem to know everything can offer an explanation.

Tues 2.5 buy 3.25 sell Tot buy 42.7 sell 10.5

Friday's trades 21.4m buys and 350,000 sells So total for Fri/ Mon 40.2m buys 7m sold.

What do other shareholders think is happening here as regards to the constant "buying" If like me most shareholders can only sell at a loss at these prices who is selling ? 19 trades today so far all buys so also sells, who can afford to sell at this price. I won't sell at this price, but also won't t buy as I want to see what happens around the 12th, be keeping an eye on trades to see when it hits 100 m and then see what happens.

Buyers now paying double what New Investors paid l New Investors paid .15p for 100 m shares buyers paying .30 p. Since Friday buyers have bought over 34 m shares, where have these shares come from I wonder?

No I'm not suggesting anything, just making an observation !!? But nearly 21 m shares bought and only 350 thousand sold and the price doesn't t rise to encourage sellers, must mean the mm' s don' t want people selling. Just my take on today's trading. Whoever the New Investors are will have 10% of enlarged capital so an rns will have to be issued on or after the 12th July to declare their holding. Also why did they not state who the New Investors are as they now own Nealy 10% of the company, Let's see what happens on the 12th and if the New Investors are revealed.

£17,000 profit on 17 m shares so far so if they were to sell all 100 m shares a healthy 100 k profit. No wonder price not moving as mm's don,t want your shares as they have 100 m to sell !!! Plenty of pi's willing to buy and give their money to new investors so they can make a profit and pi's lose out when price drops after placing shares sold.

Hi can anyone explain the automatic trades of 311 shares and 644 shares?