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Evening folks :) I just logged in and completed my voting, rejecting all four resolutions. Not sure if this was discussed today, apologies if it has already been-no energy to go through all 800 posts, I tried.

I thought it was interesting that Resolution One to allocate warrants is an “ordinary” resolution, ie needing only 50% votes. This therefore needs the full force of PIs who have gotten shafted over the last few months. The second resolution that essentially offered the warrants to new holders (ignoring current holders rights) needs 75% votes in favour. So an interesting scenario could arise-where the first resolution passes (needing fewer votes in favour), BUT second resolution fails. This means the board is then forced to offer the warrants to existing share holders in proportion to their holdings? Only a theoretical scenario-ideally we block all resolutions.

Why do we need another 10% head room to dilute further? When even the current raise has not been properly justified! Can we have a clear plan on why the raise occurred, where the cash will go-we will have over £6m in cash if all warrants get cashed. Exactly how “early stage” of GyroMetric and Cloudveil?

I thought the language of the latter part of the RNS smells of a TB hangover, subtly threatening. Trevor needs to leave because I sense he is still trying to orchestrate proceedings and timing the news flow. So does John Richardson because I don’t believe he is independent of the previous board.

Of course the topic of the warrants is an emotive one, when it has followed a 50% dilution. (From 1680m shares to about 2400m!) Especially when the dilution is conveniently AFTER all the directors and NEDs sell out their entire holding of OVER 800m shares in a naked ramping PR campaign! (I include the BRH shares, Paul’s shares, the options/warrants to the unscrupulous Nomad and broker etc). Lie after lie after lie. Dirty manipulation. Yet the board expects us to remain civilised-interesting dichotomy isn’t it?

But lets keep emotions aside from investing and can the board please look at the staggering level of dilution and games played here by the previous board, the nomad SP Angel and broker Peterhouse being willing participants. I think the new board needs to make the effort to understand historic events and validate the anger of investors, rather than dismiss it with casual statements.

I note the appointment of a new Investor relations group (IFC Advisory), so I hope we can expect some semblance of IR now. This company has been run in a shambolic manner under TB’s reign (I use the word “reign” facetiously to indicate the autocratic decision making). Please vote folks to block all these resolutions-they are all ridiculous in my humble opinion and need blocking. Every vote counts, especially given resolution one needs only 50% of those that do vote. All above my two pence opinions only. Please DYOR. Good luck al

The negative spin remains the signature of the crooked NED. Bit unfortunate to see this malicious influence still casts a shadow over proceedings. In any case, this is now on the verge of production. For those wondering about orders: until the mask is certified and machine is commissioned, no buyer will commit financially, just how it works. Just a technicality. So it’s convenient to say we have no firm orders to announce and let mates load up. The games played here have been a real lesson in AIM shambles, a lesson in understanding one’s psychology and ample demonstration that TB is truly the infamous king of dirty games. The traders who had an inside track, the mates buying into regular raises and rinsing, all this will cease, once the new board finds its feet and secondly when John Richardson is dropped from board position. He is part of a sub like Dr Cave, I see no reason for his continued presence on the RMS board, except as a stooge for TB. Just my views. Please DYOR.

This RNS appears to serve some regulatory function: to cover TB and PRs a s s. There have been so many games played here and bitty news reported, the intention being clear: create confusion, investor fatigue and destroy sentiment. Then buy back lower using friends/family, justifying the ridiculously low warrant price. I cannot advise anyone on course of action. I intend to just sit on my hands, hold patiently and keep my eye on the eventual production. Fully expect one or two more twists from TB, actioned via his handyman JR. In reality both need to be turfed out, and it will happen. Sanskrit saying: “ Vinasha kale viparith buddhi" “As and when one's doom approaches, one's mind, one's intelligence works perversely.” Good luck all

Evening folks :) hope most holders here have managed to fend off boredom and held on to their shares during this lean period. Regardless of money made or lost, this share has definitely educated us about own psychology of greed and fear. From my own experience, doing nothing is often the best thing when things are stormy. I m expecting updates within next ten days on production. Also hoping to see the GM announced which we can proceed to vote on. Good luck all

Morning folks :) good balanced RNS imho. Clear communication and enough detail for a nano science co product. More importantly this is just one product in our range. They have intentionally kept quiet about the rest, whilst they take stock of where each project stands. Very happy with Alex’s post formalised too, a key appointment. Volz too will happen in good time. A matter of 1-2 weeks now to start seeing updates. And yes we still have to prevent dilution by voting down those warrants. IMHO. Good luck all

Barry: it is difficult to separate the informative from the 25p next week posts. I have posted on P2F and GyroMetric in the past, and have my own notes on the co. I m happy to repost later if it helps. There’s plenty in the pipeline here but patience is advised. The new board needs to get to grips with 3 companies, look at accounts, the IP, prioritise where capital gets deployed. The good news is we have over £5.5m cash and little debt if any. I m happy to wait another 1-2 weeks. If sp drifts a bit or impatient traders move out, so be it. They are probably TB types who wanted to ride another wave. The games need to stop, ie info leaking, twitter ramping/deramping based on inside info. The cycle of fear-greed-fear-greed has exhausted genuine long term investors. Board is fully aware of this, hence the gap. I personally don’t want anything sensationalist. Just a coherent plan to build a solid business. If that’s a 2/3/4p/share business, so be it. Over next few weeks and months it will scale up. Imho only. Please DYOR.

Ross: All in cost was $1.08 and Capstone was making tidy profits when Cu was 2.25/lb. Cost was less than $0.5/lb when the op was purely underground. I m talking about 2016 full year and Q4 for pure UG. The numbers are all out there. Good luck all

Battleja: I think some of your observations are accurate. Below are just my opinions, folks have to make their own decisions. Minto exp is being run like a private co because it is majority owned by the PE consortium. It’s a strange arrangement with PERE reporting only selected info. I suspect the 33%—11% drop was partly Covid related copper drop when we were just scaling up and partly the way the contract was designed (obviously skewed towards the PE guys from where we stood). We are told very little ref the resource drill out which commenced Nov 2019; about the exploration program in the hugely prospective land packages around Minto (they did say mag surveys etc done), about infill drilling (I expect mine life will at least double from current 3-4 years to 8 years).

This was a dodo without Gati putting his cash in, so I remain hopeful value will be returned to ALL holders here, even the ones who bought at 25/30/35p old money like myself. Gati himself put in large sums at 16p and at 12.5p. Of course he was keen to lower his average. And we have had the same opportunity. I do see the “unfair” element in this debate as we don’t have the same visibility board does. I have averaged down given my own reading of things. I bought big £5k chunks at 8p, 5.9p etc, all the way down. Folks have to make their own decisions after doing their own diligence. Good luck all

The only parameters that matter imho are A. Bitcoin price B. Mining difficulty. C. Valuation compared to peers.

I think further warrants are being unloaded, and likely well heeled investors buying. Peters options were sold “off market”. Topped up this morning. Ignore short term noise and DYOR. Good luck all

XXXAc: since you value companies in your day job, perhaps you can add to this discussion. A lot of holders here perhaps think of this as a Covid play and the mask as the main attraction. Of course the masks are what will help us take off. But one cannot value a tech company based merely on revenue. Where is the IP? P2F has patents on the nano particle producing spinning disc reactor process, patents on the Insitu particle used in crop nutrition, patent pending on the nano copper mask-membrane. GyroMetric has patents on several of its devices including the IME, ADSA etc. The devices are simple electronics as you can see on their website, it’s the maths algorithms that lend value.

I think the companies have languished for various reasons historically, but I m hopeful a new board will refocus each subsidiary and make the decisions-either to progress towards some tangible revenue or turf out the non performing ones. Huge share issue-2 b shares. Directors (Trevor Brown, Paul Ryan, John Richardson) have gone on dilution rampage time and again, sold out into rampy news flow in November 2020; a recent collective share holder activism led to said board being challenged. The challenge was led by Dr Cave 18% holder in RMS , given he was not consulted or informed of details around an equity raise, that essentially diluted him (and all of us) by some 50%. We are hopeful of a new board being appointed and corporate governance being better than it was. Apart from this lots of games were played creating uncertainty around the successful testing of the masks for certification, the machine being sent across from Spain to UK. In any event, things are about to get more interesting. Just my opinions here. Please DYOR.

XXXAc: The company comprises three distinct subsidiaries:

https://www.pharm2farm.org/

Pharm2farm: Acquired 100% November 2020 from BRH and Dr Cave (who owned about 50% each). a Nano tech company, which makes its own nano particles via a patented manufacturing process, which is able to scale up (and indeed scale down) to produce particles; the skill set is in making nano particles for bespoke use. Lead scientist and director is Dr Gareth Cave, a 2o years+ post doctoral researcher and PhD supervisor. So far their targets include improving crop nutrition (specifically tomatoes and potatoes), flavour, crop cycle shortening, improving shelf life etc. Huge savings to farmers AND huge benefits to environment by preventing fertiliser run off. Given the general resistance within EU to GM crops, the world’s fears about food security as population grows, I see what P2F are doing as very pertinent. These are huge markets-chillies in India for ex, or potatoes in EU/USA. Hydroponics in the USA. There is nano particle application to crop disease treatments-ex Zinc nano particles for citrus greening. They have looked at improving quality of poultry via feeds that contain nano particles-very successful at trial stage.

Numerous other ideas in the pipeline/research phase including use of nano particles in medical imaging (MRI equivalent), use of natural oils to reduce helminthic infections in cattle etc. The exciting part is that P2F has first dibs on any research spun out of Chem dept at Nottingham Trent Uni-and we could have the next best idea any time with the correct funding.

Oh yes, I forgot also disposable medical grade FFP2 MASKS! Our masks have a nano copper particle layer which is printed onto the melt blown fibre layer. Done in colloboration with Flextronix. Please look about Prof Bob Stevens from NTU on linkedin. P2F have managed to scale up the production of masks, which are effective and available at £1 a mask.

Second subsidiary: Gyrometric: Acquired in part from BRH and we own 58.9% since mid 2018.
https://gyrometric.systems/

Hugely disruptive tech, that essentially measures digitally, the run off/displacement along any axis of a rotating shaft, of any speed from 20-20,000rpm. Application in most industries-energy generation-wind turbine, diesel, oil/gas, manufacturing, automobile etc, basically ubiquitous. Endorsed independently by ORE. Please revisit my previous posts on GyroMetric for further info or visit the website. Few trials stuck in COVID era, with turbine makers either GE/Siemens imho. Also trials with Clarke distributed energy and Tarmac for cement plants pending.

Third sub: this is what I think is a bit of a dud. Cloudveil. Acquired Sept 2019. Security consultancy with both manned personnel and software. Very little I understand about it but it has its own website and I am willing to be surprised.

We hope there is a refresh of the board in next 1-2/52. Then we await clarity on progress across subsidiaries. I

Jodrell: even if the time line is 2 or 3 weeks to get to full production, it won’t see a massive sell or tanking of sp. That’s my humble belief. Why? Because a board that means well, will explain exactly why we need more time, what the process involves, and what investors can expect. Market hates uncertainty, hates funding gaps. The board comprising TB/PR knew all the devious ways to create uncertainty. If there is a wait of 2-3 weeks, investors will hold on and indeed if it’s clesr that TB is leaving, I see a huge uplift in sentiment. There has been a dark cloud over this share. A full propaganda machine comprising board and mates who seize opportunities to make money out of confusion/anxiety. Not any more. The twitter crew will be less ****y once their inside track is shut down. The NOMAD and broker need to be booted off too. One step at a time.

Jodrell: “.... the slightest hint of delay will cause the sp to tank , and i,m sure you all know that.”. Actually no I don’t so. Because we are in the process of replacing the vultures within the board, who manipulate the share price and let their mates make money on the share price going up AND down. Snakes and ladder game is about to come to an end. Imho only.

Cheers. Either way, it means they don’t see it going to zero. So we hope it picks up after the halving of rewards from 25 to 12.5.

Chris: Interesting questions, thanks. I was thinking about Zcash too. Considering it has a max ceiling of 21m like bitcoin, 4 year cycle and is 6 months behind bitcoin in cycles (having started life in 2016 and first halving in November 2020), could it be our hedge against Bitcoin cycle? In fact I have asked Peter the question-why did the company choose Zcash as a diversification? If anyone has the reasoning behind why we mine Zcash (apart from the obvious answer the co sees huge potential in it in the future), would make good reading. Thanks again to all the knowledgeable posters here.

So from what we hear, IG and Best Invest don’t allow investors to buy ARB. I have ARB in HL, it allows buying in all types SIPP, ISA and Fund Ac. Interestingly one can continue holding an ETF like XBT BTC, in a SIPP, but you can’t buy any more; obviously once you sell you are out. It’s made people like me forced HODLers. HL preponed the FCA ban by 3 months with no notice, thereby conveniently blocking retail from participating in this run. All in the guise of “protecting” us ;) It appears banks and institutions are making concerted efforts to keep retail out. I bet HMRC is busy looking at how it can tax the bitcoin gains more effectively. All the above makes investing in a bitcoin miner the easier strategy to gain exposure. Imho only.

Cheers Tothemoon. I noticed Peter Wall’s sale of issued options was “off market” last month.

Do any LTH have any comments on Zcash prospects this year? Can we expect a significant move upwards given the halving in Nov 2020?

What do folks think are the revenue drivers going forwards? (Apart from bitcoin obviously) Will we scale up the Mining as a Service revenue? (Peter’s experience here being pertinent and the recent agreement ARB signed).

I wish people didn’t keep posting the live bitcoin price, short term moves are irrelevant imo. Thank you to the many knowledgeable posters here for sharing insights. Good luck all

Fair enough. You are entitled to your view as everyone else. I try to be respectful and my comment on ignoring the noise is one that stands. I offer my apologies if you took it personally :) My own posts also constitute “noise”. Never trust anything on these boards. One has to do his/her own research on the decision to buy/sell. Directors want more of the co at a cheaper price. Why? Because they see big value drivers ahead. I have never seen a single post from yourself that shows this company in any positive light. We have endured a lot of adversity, and huge huge paper losses. Indeed we endured a 94 week suspension. I have tried to be balanced in my posts. If I actually believed this was a terrible share to hold/buy, I would sell out and secondly I wouldn’t keep posting negative reminders when I am no longer invested. Above are just my opinions. It could be 3p tomorrow. It could be 10p. That’s the risk we take. But at a 3-4m mcap I see a road back to recovery. To be clear I have topped up periodically and brought my average down to single digits. Have I lost opportunities elsewhere? Definitely. But given my understanding of the asset, I think the story remains compelling. As always imho only, it’s just noise :) DYOR.

Levi: over the last 12 months I have come to realise that companies often regulate news flow and share price to suit their ambitions. Could it have been at a higher price? Of course it could. The placing firms up our financial position. Copper and gold are on a blazing journey. The market cap is sub 4m, for 11% of a big asset. The debts are covered more or less by the repayments mentioned (due to start in Q1 22). Imho it’s a buy. But of course market may ignore until news flow starts, so it’s an opportunity for those looking for value. All imho only. Please DYOR.