Member Info for leew

To be honest I am so annoyed with the contempt that SH have been treated with that if you offered me 1p a share now and get a wedge back or pay the same again to a party to help with legal fees if strong evidence is available I would pick to throw more money at it.

My view is now simple, either do the right think and reset the bonds to a healthy level, re-write the vwap terms on interest , make a placing at a healthy level and make a go of the company or just leave running a company to people who can actually run one and all leave.

Restructuring the company to you your benefit and to allow a poor sale of asset to some one whilst making sure the BH and SL are ok is not a solution.

Thoughts, are very simple.

They have not protected SH value for a long time and the proof is in the dreadful financing deals and the SP in its current location due to that.

TR-1’s hit the market when it serves a purpose (it would seem or huge coincidence of course)

If they declare they are looking after SH value at any stage the reply is “well you are incompetent then at best” but where there is smoke there is normally a fire. The smoke came in the RNS, where it was suddenly declared they did not take part in the bonds after all so they were not aligned with the BH. However every prior RNS on bond changes said they were and all bond terms amended. That was the smoke.

Have a few of these that I luckily picked up in the 6p area and got a few more this week in the 7p range.

I also have a few purchased a few units in GDX and GDXJ because I think there is a lot of disconnect currently between price of majors / juniors and the POG so hopefully 2024 will be a good year for GGP and gold related stocks in general

So who is the new guy then, another person not there for SH value i assume.

Does not matter what they do or don’t know, their actions state they think they are worthless hence the position the company is in.

The question is why would any new investor get involved in a new raise unless the bond terms were going to change with the raise.

The terms of the bond mean it’s not possible to invest in because if the raise is at higher than the bonds then it gets knocked down as the convert lower, and lower, and the the vwap terms kick in and they convert more shares so even in a new raise the new holders start getting diluted from the minute the ink is dry.

The last bit in the email about future raise and involving share holders was an utter disgrace to even mention it. I would only ever consider investing more on a placing if the price was below the bond conversion price and the terms on interest payment and VWAP taken out as that’s how organisations become poacher and game keeper which is not acceptable to other investors.

No one would take part in a placing raise knowing the bonds can walk the SP down, it’s basically non-investable for new investors now unless trading

So they are working on ways to involve share holders on a placing after shafting all existing holders and giving the bond holders keys to the sweet shop to convert at a ridiculous level. How about no thanks.

It was all known previously but annoying none the less.

So what we betting a rise for 1-2 weeks before they start to convert or just start converting straight away!

Had various email exchanges in the past with Cathy and nothing today.

Alfresco, interesting thought and don’t believe that will happen but would create an interesting impact

Blimey seem to have got themselves in a muddle with what bonds they had for themselves / didn’t have / decided today not to have them!!!!

Also I like the fact they apparently advised the JV was terminated by the counterparty, which is complete rubbish as we got told nothing.

The level of communication from the management is poor and I am not sure the review process with the 3rd party is much to write home about.

Did think about it but don’t trust anyone associated to the company or its backers so it’s a no from me, plus high risk of failure from a PI perspective. I won’t take my holding out as I would happily put that in as a punt if I stumbled on COPL, but won’t be throwing more at this group of management and cornerstone investor!

Trading seems to have altered this morning but no doubt will return to normal churn soon.

You can’t even say these things out loud I am off here now.

Good luck to you all, hope you make your money back in other ventures and use it as a learning opportunity. I reviewed my portfolio and as a result of this adventure actually made some sensible changes and forever and a day holding long on small caps will be a thing of the past and when a profit is available it will be taken.

Burrenboy, are you for real about no RNS? Have you read the last 6 months worth? Everything is there with the only point I made on the production update at year end was it would have been good to just hear the obvious and state the production strategy is on hold as recent events have meant a new business strategy has taken priority, although that’s so obvious that I accept why they did not.

I think I will leave the BB for a while as common sense seems to have left the building.

Some very simple advice to a few though is don’t make public accusations, as a failed business plan is sometimes just a failed business plan. I stayed way too long as took my eye off the ball given the JV possibility, but in hindsight a poor investment choice.

Yes it’s very obvious why finances are so bad as I already said and it’s very possible to make some very good assumptions on production stabilisation that are probably correct from public information but my personal point of view is there is something in the production aspect that’s not quite making sense, given the positive impact a few extra bood could/would have had. Equally weeks ago I mentioned POO drop as an issue in the funded till QTR 1 calcs.

I am not sure plotting out a time line on BOD members sitting against company decisions warrants a suggestion on billing considering it’s about as clear as it gets.

There are a significant amount of your points I actually agree with, I guess I struggle to see why you want to try so hard to convince everyone and not let people do what they want too, given it has no effect on you IMO.

My suggestion to everyone is do what is right for you based on what your research tells you to do next and not what anyone on here suggests, yes I get the irony.

Steve, so what 3rd party will buy them now, without prior understanding they can get rid of them at some stage for more than they acquire them, unless there are other benefits?

Coplherder, I am not looking for a smoking gun, and equally not spending 100’s of posts convincing others there is not one.

Quite frankly with the information in the public domain it’s easy to see the poor finance details as clear as day, it’s not clear why production sits so low, so to suggest there is / or is not a problem is not possible in my opinion. So if people want to investigate it let them as surely it has no effect on you personally so I why do you care?

Let it all play out and see what happens is my view and when there is better information that may or may not change my approach so be it.

Ah that’s ok then an investment company was happy to give 2m away knowing they were already doing ok and don’t worry if they don’t get it back as it was not all new money it was some money they made a few months ago. If there was no opportunity to get that back it would not have been given.

Why are views always so polarised?

The answer as usual will lay somewhere in the middle .

Coplherder. I actually agree as I don’t believe Anavio do want the shares and / or the assets but next question, with the state the company is in how/who gives Anavio the option to transfer their conversions to the ownership of others (let’s assume retail) when there is no way liquidity at this level to take it, so how do Anavio ensure they have not just flushed 2.5m down the drain?

As yet all the pieces arn’t out in the open yet IMO.

Coplherder, how can today prove anything on Anavio as they don’t have a holding for a TR-1 so cant be selling at the levels seen today and surely they are not shorting so why do you think the trading today shows what Anavio want or don’t want?

Tyla, you said you brought £500 as a punt at .14p if a profit selling at 0.141/2 is worth a mention I hope you have zero trading fees.