Member Info for lor_9

While they seek engineering perfection for Toral they will have spent so much money and diluted so much that the project return for long standing shareholders will be so low. Get a business brain and get on with things already rather than trying to craft the perfect project!!

Has anyone been able to interpret the Gresham House RNS about Space and People released today?

Who drops their annual accounts at 1600 on a Friday? Only if you don’t want them to be seen.

****ing hell now we’ve gone from a value event to a MAJOR value event

Just a quick question - are we still in the quiet period? I thought that had ended as the US analysts released all those BUY recommendations?

Also on the placing price agree this is a function of having to dilute so much but again it's an example of not managing the company properly and the Board not being aligned to shareholders. Now when we see broker notes with a target price of say 30p, we have to share it among twice as many shareholders, so it's effectively a 15p target...and if you've invested at 5p, 10p, 15p as I suspect a lot of us have, the upside has now been severely dented.

Of course this is a high risk play but when management makes noises that they won't need to raise because they are pursuing alternatives to realise value this feels terribly disingenuous. I simply think this is the final straw and they cant be trusted.

Ok good point Chrisp but it’s yet another example of extremely poor communication. To the outside world it’s come out of nowhere and looks like the company is in a bit of a pickle and as usual throws up more questions than answers. Can’t LR host a Q&A session with shareholders?

I think all the Board should have to take a pay cut in line with the discount the placing was at. They refuse to even invest their own money in the project and it is utterly atrocious management. I’ve had time to reflect on the placing and it’s only made me more angry. They are just not aligned with their loyal shareholders

it's come despite assurances there wouldn't be another placing. absolutely disgusted with this management and the discount. cant trust a word that they say

About 40, 100 share sells!!!! That's under £400 and it's split over so many trades, such a joke

Thought I'd seen it all with this company but the 100 share seller is back. It's the most ridiculous way to exit a position hahaha. Excellent results btw, continuing to hold this even through all the pain we've endured with the share price, the fundamentals look very strong

@shandy if the broker has £17 million revenue for this year and Trufin has only done £5 million so far does that mean it will downgrade significantly? Probably what has spooked everyone

Lloyds trial must be bringing in a fair amount of money and Mortal Shell has been doing incredibly well. Interims out on Wednesday so looking for some sparkling numbers

Reasonable volume of trades during/after the live stream. Need to catch up later but presumably it was positive?

Good riddance to AAA. The offer was nowhere near good enough and very concerning with all the concert parties involved. They do have a point about listing in the US though, that’s how we will get real value as AIM does not appreciate tech in the same way as America

On the positive side I am not devastated with Adam Habibs departure. He left amid controversy at Amur so I was always cautious here. Smooth talking banker that never delivers and still pockets a tidy sum

Sheds I appreciate your optimism but after being such a belieber in this project I'm starting to feel very let down. I can't help but thinking management have failed us and we will get done over by a placing which favors Turner Pope's rich clientele. Its very disappointing but it looks like there has been no substance to all the words fed to us

Although I can almost guarantee the price will go down today because people won't read the RNS properly and will just see the word delay and sell ??

The Mineral Resource Estimate ("MRE") and Preliminary Economic Assessment ("PEA") update are due to be completed in Q3 2021, so just over a month to wait now.

Just checking in here as it has been very quiet recently with basically zero volume. If LR continues to believe it is undervalued and private investors cannot value his asset properly maybe he should use some of that nice salary he is receiving to put his money where his mouth is? Even investing £10k if he think it is 3x undervalued would maybe him £20k. For anyone I'm sure that is a nice sum