Member Info for K3VMC

I didn't buy into SRON to have a turnover of £3m. Mr Masterman wants to produce 10 times the current production. How do you expect he does that, without funds, without acquisitions? "The funds will allow Saffron to advance a number of attractive transaction opportunities in the Italian natural gas industry and also to initiate important steps to increase both Sillaro and Bezzecca production. " "We have no plans for a placing" is not the same as "We will never have plans for a placing". That is simple logic. If this was not what you wanted, why did you invest?

Seriously? They raised £1.25m. Currently, I see less than £1k net sales. So, no. HNWI's don't put up tens of thousands, just to sell at a loss. Selling at a loss just makes you poorer.

Obviously, we are buying! https://twitter.com/saffronenergy/status/912210174349332480

maddog38 You said sell at 2.3p. You said the share was worth 1.4p. You said that more than once. I said it was worth more. If we hadn't been shafted, it could have been a lot more. I'm just saying that you were wrong and I was right. That's the truth of it. Call me names if it helps you. I can't admit to ever having valued your opinion. On anything. Have a good evening.

Guesstimation Show me posts which stated that this deal would be voted down.

Guesstimation Show me posts which stated that this deal would be voted down.

telemarker "http://wresources.co.uk/wp-content/uploads/2017/08/WRES-Presentation-August-2017.pdf Parrilla reserves 0.1 % WO3 ( 1 kg WO3 per tonne) Lower grade than Wolf" You are 100% correct in that statement. Absolutely no argument with that. As businesses, WLFE and WRES will be valued on the PROFIT they make from SELLING the products, not on the GRADE of the products in the ground. Profit is based on ore tonnage, grade, recoverability, capex and opex. WLFE has about 36mt @ 0.18%, WRES has about 30mt @ 0.1%, so WLFE wins there. WLFE has wolframite, WRES has scheelite, so a clear win for WRES in recoverability and OPEX. WLFE cost $250m (plus?) to get going, but WRES will be up and running for $30m. That is a huge amount of CAPEX to repay. Yes, WLFE is producing now and WRES will be 12-15 months away, but WRES hits the ground running with brand new, top notch equipment, whereas WLFE is getting into a bundle about how to fix all that Made in China gear. Of course, WRES has other tungsten, gold and copper assets, in addition to La Parrilla. Luckily, they both benefit from a resurgent tungsten price. Don't get me wrong. I really hope that WLFE gets its act together, gets over its equipment glitches and moves on to finding easier ore to process. Keeping onside of the local residents must also be a priority. If they can sort that lot out and get a decent W price, they could well start paying off the capex and the $40m bridging loans over the next 3-4 years, which would be great! Comparing both projects using only grade is a non-starter. That's all I'm saying. GLA holders.

maddog38 "l kept posting on here to deaf ears l was put down every time l posted the facts not fiction. The ramper on here are a disgrace and they have cost some punters a lot of money" The company is only worth£30 million in buyers asset " What a load of old ****!!!! "k3 l told you to look at wall street and that's the sale value of this company that is going to the wall 1.46 forgive the punt?. l wanted moni to make good but the writing was on the wall 2 years ago, facts are the best form of chat not fantasying and ramping up a company with crap as you lot have don't l hope you people realize that with your ramping bull you have helped new investors lose money. l hope you and your ramper friends feel good about it." So you were saying MONI was worth 1.46p. I was saying it was worth more than the 2.3p at the time. If anyone cost punters money, it was YOU!!! Anyone selling would have lost out on the 3.1p they eventually got. Anyone buying at that time would have MADE money. How does that make you right, you muppet. You didn't even take your OWN advice, holding 350k shares and losing £20k. You need some lessons in LOGIC!!!!!!

I will have to go back to the original RNS when I have time, but from memory, I don't think they need 75% of the total issued shares to push this through.

From the first RNS. "Po Valley Energy On Admission, PVE holds 100 million Ordinary Shares representing approximately 65.05% of the issued share capital of Saffron Energy. PVE has entered into a relationship and lock-in deed with the Company and UK Advisors includes inter alia that PVE will not sell or dispose of any of its interests in Ordinary Shares except in certain limited circumstances (as permitted by the AIM Rules) at any time before the first anniversary of Admission and, for 12 months immediately following such lock-in period, will effect a sale only through the Company's broker for the time being with a view to maintaining an orderly market in the Ordinary Shares.. After this period, PVE may consider distributing its shares in the Company to PVE's shareholders." That has always been the stated position. Nothing has changed between the IPO and now. IPO investors invested on the IPO on this basis. PO Valley has 100m shares. The sale of those shares are restricted, as described above, after which they may be sold, or distributed to PO Valley shareholders, as they see fit. I have fewer shares than that. I can sell those whenever I want. No-one has any right to ask me when, or at what price, I intend to sell my holding at. The same principle applies to PO Valley. As long as they abide by their agreement, as described above. Let's imagine that you manage to call an EGM. Everyone goes along. You ask Mr Masterman "What will PO Valley do with its shares after the lock in?". He could well say "That is none of your business", which would be correct. The same large shareholders have almost 30% of WRES. No-one is worrying that they try to dump that 30% on the market. What matters is how much gas SRON will produce, revenue, profit and dividends. I'm not speaking for SRON and I'm certainly not being drawn into a discussion on a topic that doesn't concern me. If individual investors have misgivings on any of their holdings, then at least they can sell those in the market place. What you don't get is guarantees of future profits. My view is that this is worth investing in, but that is only an opinion. ATB

Bythesea AFAIK, there will be no bod wages until the first deal is signed.

dolcoath, my business was IT and a large proportion of it was in banking. That isn't the problem here. The problem is opportunism by individuals and corporate bodies. The only counter to this is another corporate body, or a mass shareholder revolt. I will be losing a five figure sum, as things stand, but that expensive lesson will teach me never again to invest in a company where the BOD has not invested extensively, because that makes it far too easy to further their own interests, regardless of the damage they cause to investors. Luckily, I have a couple of those in my pf. Best wishes to all here. Well, with the obvious exceptions.

Lottohopes, cheers!

I'm invested here for the next couple of years, or 12p.

We need a competent CEO who will buy into the company and align his interests with investors.

Final bid 3.4p, not 4.4p. That was a typo, sorry.

Guestimation "Shares are trading around 3-5% below bid price - this means people are confident of the deal going through but shows there is still a perceived risk. If the deal was a certainty, shares would trade much closer to the bid price. If people though the bid was undervaluing the company, they would trade higher (see whole foods after the initial offer for most recent example)" Obviously there is a risk! Why take a risk on 3.1p, when you can get 2.99p, or 3p? That is the way they got so many shares around below 2.9p. Fear, uncertainty and doubt. Easily peddled. As for trading higher, read my comment about peddling fear, uncertainty and doubt. You should know, you were one of the pedlars. "15p of tax losses... "Use of the tax losses would require the generation of future taxable income profits in the UK from the same business currently carried on by Monitise" You can't just buy another companies tax losses - if you could a company would never go into liquidation and noone would pay corporation tax!" Anyone who thinks that this business can't make money needs his bumps felt. Fiserv has $1bn free cash flow per year. If it doesn't get Moni at 3.1p, the next final bid will be 4.4p. We will see, soon enough.

3p paid??? I think we have some leaks again. So much more buying today.

The fact that there is still a market for MONI shares, just a whisker under the "final" bid, speaks volumes of what the market thinks.

Taken, if the "no" vote is successful, you don't have your shares taken by BIDCO. You can still sell them on the open market. LC has threatened us with dilution, but that is what the AIM market is for - to raise funds when needed. Provided he does this in a sensible manner, we will still have shares in FINKit, MVC etc, and MONI will still have 15p+ of usable tax losses. There will be another bidder, or an improved bid at a later time. NO-ONE will refuse to buy 15p+ tax losses for under 5p. Better to hold and wait for LC to be booted out and some decent management put in.