Member Info for levistubbs

Ahhh in4cedros good to see the same old comments. It was posters like myself that you accused of trying to drive the price down when we were 1.8p and above and had something against the company and the CEO and yet it is your saviour Kerim that has again killed the SP stone dead at 1.3p with a massive discounted dilution - LOL!! And you are still using the same old rhetoric. Obviously I can't speak for other Kerim naysayers but I have absolutely no reason to drive the price lower as I wouldn't touch this with a bargepole and hope that my trading sharers get back in profit - someday. How is the 'imminent' commerciality going?

Same to you Lotto and all. May be we are close enough that the company have felt no need to update until we list. May be next week.

How long is a piece of string 4kandles and I suppose much depends on the quality of news they release going forward. This overhang could be every bit as awkward and hard to move as the Lanstead lead weight on the SP. And when do you say the overhang is over as there will no doubt be profit taking all the way back up unless there is a company changing piece of news of gold takes off. And with the boards history off issuing more shares through the bucket shop why wouldn't they take profits. Trade is currently very light and I don't see that changing much through the summer months. Kerim has damaged the SP and sentiment once again, he needs to step up now to get the SP back up.

Some nice strength today ;-)

EvenKeel cleverly picked. Nothing clever about it. Facts are facts. They have been going at it a long time and have chucked over £20m at it yet the mkt cap is less than £14m. Wiltshireman $600 production cost yet still not commercial. That is a hoped for cost and not what they have been producing at since march. The company don't give an aisc cost.

Actually wiltshireman mkt cap is the share price x number of shares (total). Great arguing of you point though - not. And it wouldn't surprise me at all to see more issued at some stage.

If you add in what the others have 'allegedly' put in then the performance is even more dire.

Errrm the share price and mkt cap that is what counts. Currently for every pound raised from shareholders over the years the actual value is £0.585 - p*ss poor performance.

Thanks Del hope we can have double success ;-)

Ruben ffs I told you weeks back I have a small trading position - unfortunately! !. Wondered how long it would take the numero uno Sener apologist to make an inane comment.

Paul so you are quite happy that Kerim did an enormous discounted placing at 1.3p with the bucket shop once again? With all the news in the last 6months re' drilling, 100% of Salinbas, Tavsan scoping, a working mine etcetc you are quite happy that he let shares go for a value way below that of this time last year having already burnt through £1.35m? You must be very easily satisfied if you think that is in anyway a good way to run a company and treat 'so-called' valued shareholders.

Joined you today Del ;-)

MRob how Kerim plans to spend the money is all in the raising RNS, bailing the JV (Zenit) out and for more work on Tavsan and Salinbas. There are couple of summaries on the ADVFN thread, one which suggests the money raised to bail out Zenit is just held in abeyance just in case, I say tosh to that. The raising RNS has been left deliberately vague so we don't know how much of that £2m is going to the JV. What you have to question is why when we are not drilling at Salinbas this year and just a few additional bits to Tasvan is why he felt the need to dilute that much at 1.3p with the bucket shop, and what, if anything, was left of the previous £1.35m raised since last July. Several have posted that he understands shareholders feelings on the raising but he still went ahead and did it. He has been made aware each time of shareholder dissatisfaction with the continued dilution but even more so with Beaufort but still he does and comes out with the same 'I understand but these are the reasons' excuses. Why so deeply dilutive this time, you have to make your own minds up.

You're welcome mike pleased you listened to me instead of the kerim apologists, the same ones he shafts every time he raises with the bucket shop ;-)

So wiltshireman how long will it be before the mine is paying AAU cash instead of the other way round given the mine is still not commercial and only $4m of the loan has currently been paid back 3mths, 6mths, a year or two?

Looks like some deck clearing before the re-list and nothing to be concerned with. Only thing I would say is I wish it was the bucket shop Beaufort that had gone.

Betaville link on advfn ;-)

in4cedros but for the most part I have not made the wrong assumptions. I have filled the gaps in many times to be told I am against the company, against Kerim, and a deramper. Now your 'saviour' Kerim has just done the most heinous placing with the bucket shop (again), totally shafting loyal shareholders to help pay the loans and whatever else we don't know that the mine needs. What they need to ask is why they keep tapping the bucket shop. You yourself have said on here about other forms of funding, but it is too easy to use Beaufort.

Ruben that was not my argument. You all assumed there would be no call for AAU to pay anything further to the JV. I suggested way back that loan payments would be due before the mine started to pay and would need servicing. Obviously Proccea have been doing their bit and now Kerim has allowed the SP to come way back before biting the bullet and having to pick up the tab. Let's hope this is the only time the mine needs a bail. You all talked of money pouring in once the mine started and none of you foresaw money still going the other way at this stage.

Well that goes without saying in4cedros but it isn't, it is sub 1.4p with big dilution at 1.3p and shareholders are rightly furious. He has not done what he said he would do. I have always said you are best looking at what Kerim does not say as opposed to what he does say in his interviews where easy questions are put to him. Remember I questioned on here a long while ago who had been paying the loan and was laughed off of here and termed a deramper who was against Kerim. Do you know how much of the £2m has gone to Zenit and how much is left for exploration?