Member Info for lambo222

Good to see they can’t even get the date of the AGM right lol well 75m voted against the CEO is a start I guess, slow drift lower under 1p from here now

Disgraceful set of final results, nothing exciting g on the horizon, Disko nothing happening yet bod continue to pocket the cash, no wonder they released these results after hours as late as possible, AGM tomorrow be interesting to see if they get voted off

I assure you there is a large group of shareholders who have all voted against the reappointment of the bod and CEO, you will see tomorrow just how many, and let’s face it the directors can’t influence it as they hold hardly any shares

They will hopefully get voted off tomorrow, lifestyle company, directors making excuses why they couldn’t participate in the placing… this is heading sub 1p imo

Imo this will now be suspended on Friday due to non filing of accounts and won’t ever return and investors will lose it all, sad reality but it’s finished sorry to all who lost money

I’m sure a placing around 2p would be welcome to ensure the company is funded for the next stage, and not Lanstead as they just suck the life out of any rise and keep the share price trending lower, death spiral funding shouldn’t be required if much rather an open offer retail placing to reward long term holders for their patience, better to place now while the price is above 2p as it’s known to skip back to 1.6p lows on no news

Yeah you hve taken the placing so obviously you want the price higher, but I see no reason for this to be worth £20m, bod will likely get voted off on Friday only then will this be worth a look

Good look flipping your placing shares Investinggenius your going to need it, final results out on 30th will show exactly why this company is uninvestable u too a new bod are in place

Not a chance, very likely the bod get voted off on Friday in any case

Lol they are states they are chatting to two potential investors about raising more money via dilution, oh a US investor has agreed to put $5m in at 1p so we can have our salary paid for the next 3 years… hardly exciting is it, such a shame the final results were not released earlier or they could have participated in the placing themselves at 1.75p bet they are gutted lol

Leaving the final results to make sure they are in a closed period so they don’t have to buy any shares too lol they are openly taking the p..s out of all shareholders they have to go

Absolute disgrace 1.75p for a tiny amount t and more to come by the sounds of it, cancelled drilling at Kang and no mention of Dundas of Disko… hope directors get voted off on Friday

Yes only £663,000 left as of 31 December 2022, cash burn around £2m a year so they are now running in fumes, once the placing is announced and the price is known it will become a buying opportunity, no point buying now and seeing a 50% placing discount as we saw at PYC today

I think once the placing is announced that is the time to take a position, the issue here for the share price is each month Lanstead sell down their shareholding in accordance with their agreement with IMM so each month there needs to be considerably more buys than sells just to keep the share price from falling, let’s say Lanstead sell £50k a month, that means it needs £50k more buys than sells just to stay still, big placing needed from a sticky holder

I think the last guidance on completion of phase 3 trial from start to finish was 2 years, this time we have phase 2 to complete and pay for first so assume 3 years so around 2026 before completion, can you ask Tim why he didn’t do any interviews after the last rns when previously he’s been desperate to get an interview out after every rns

Where are the accounts?? Where are the final results?? 4 days to go until suspension

It will open in the red for obvious reasons, this company is finished unfortunately

It will definitely fall hard on Monday, Putin will be more determined than ever to crush Ukraine, terrible time to be invested in FXPO strikes on the mine and the company no longer exists be 0p overnight

Looks like sub 2p coming, no interview from Tim is bizarre, the rns is a bit ambiguous after reading g it a few times it states Avion will support the trial under the previously agreed terms… which is support for a phase 3 trial… so who is supporting the phase 2 aspect and paying for it, if it’s IMM expect a big discounted fund raising to come, probably explains the reaction to the rns and no promotion from Tim or interviews imo

Well if the final results don’t come out next week then this gets suspended, they clearly do need money after the CLN holder walked away as two months ago they stated “ The Company still expects to commence the drilling campaign at Kangerluarsuk in the summer, and is in discussions regarding progressing alternative financing plans.” not made much progress in 2 months have they considering Admin expenses are £2.5m…. Utter disgrace