Member Info for Lottohopes

What puzzles me is the slightly negative spin from the rumour mill: "On the cusp of receiving some hard news". I think there may be a drop today, due to some not understanding the positive implications of this strategy change. Just my two pence, would love to be proved wrong

Hey Euclid :-) are you invested here?

I like these rumours. DL is giving private investors an opt out by leaking this news few days before it arrives officially. How smooth! Secondly funding appears to be sorted: great news. the investors will buy into the formidable team, like (I hope most here) I have.

Akramm: absolutely! New Isa allowance, and people looking for opportunities. Let's hope a few find this before they spend their allowance :-)

I think the ticker change delay is linked to the procedural delay in company name change, they mentioned in the minutes of GM. I do think the two assets acquired previously, fit a junior explorer better, and not this company which appears to have different intentions. I personally think they have financially distressed producing/near production assets in mind. I can see a chunky 5-10 million funding raised, with institutions participating. Would put a nice firm floor under the sp. Hmm all speculation at moment. Exciting few weeks ahead for sure. Good luck all

Nice looking website. Interesting comment about "financial support provided by the new investors". That tells me: The institutional money is sorted, clear as day. What do other folks here think?

Screech: thanks for the chart here and at fdbk. Is the chart relevant technically given its a revamped company? Genuine question from a novice

Another watch the paint dry day. We are ok unless Del and Screech sell ;-)

Okenia: spot on. I m glad I came to the same conclusion, reaffirms my judgement. But DL has stated in general he would be happy even with small assets which are cash generative, compared to larger more capex intensive ventures.

I was trying to read on this. Just to add to what Screech has said: an RTO requires the company to publish a new "admission document" setting out financial info, future plans etc In essence, during an RTO, the company is reborn, share holder/corporate structure changes, and it needs to do pretty much the work that it would do if it was newly listed, except the IPO work. The whole advantage of an RTO to the non public company is instant float on market, with the hassle/time delays/regulatory framework of IPO being avoided. So this regulatory work taking time can result in the RTO leading to suspensions for days/weeks...... https://www.burges-salmon.com/-/media/files/publications/open-access/aim_companies_corporate_transactions_and_the_aim_rules_for_companies.pdf Page 4 of 7 describes ways in which suspension could be avoided. "Shares in the AIM company will be suspended following the announcement that a reverse takeover has been agreed or is in contemplation until the company has published an admission document in respect of the enlarged entity. However the LSE will not suspend an AIM company if the target is on the Main Market or is another AIM company. n If shareholder approval is given trading in shares of the AIM company will be cancelled. The enlarged group can apply for admission in advance of the general meeting so that its shares are admitted on the day after the general meeting which approves the reverse takeover." This also makes me wonder if some of this diligent work is happening in the background BEFORE the RTO, to minimise the duration of suspension (if any) and allay investor anxieties. OR it's a main listing? OR it's another AIM cmpany? This is merely my rudimentary understanding of the process, and I m happy to be corrected on this. Exciting few weeks ahead for sure. Good luck all

Wow Screech what a great surprise I d never have found you on twitter! I m not on any of these media myself anyways. Thank you for sharing all your tips, and more importantly being so transparent/honest with your investment ideas. I got pointed towards CAF thanks to your tip elsewhere, and have taken a small punt on FDBK (given I haven't done my in depth reading yet on it). All the best with your meaningful charity work and please keep posting your tips.

This is an interesting point to debate for Chartists. The previous chart pattern is essentially of no use as far as fundamentals are concerned (given this is a shell which is going to restart with different asset/s). BUT the chart patterns historically: are these of any relevance to future movements? Anyone have any ideas? PS: our feet can stay firmly on the ground, but let our heads be in the clouds ;-) a little dreaming

Newbie: yes I sold out most of Kod holding, at a meagre overall 10% gain. I had an average of .31 having topped up several times, and felt there were better bagging opportunities elsewhere over 1-3 month period as I need some cash soonish. I also didn't like what Pelamis did and felt it got infested with traders.

DGR: agree. My instinct is buzzing, no idea why. I topped up thrice yesterday, but still feel I could get a few more. Not a ramp and people investing please DYOR, follow your own instinct.

20p would still be a market cap of about £17 million. Unbelievable blue sky potential IF the RTO asset/s are attractive

275,000 at 3p in total

Just topped up for nearly £2k :-)

Toze: 6 months from the Dec 2016 date when RTO was proposed, would be the June date, as previous RNS stated. But some RNSs have stated the 6 month period starting from Jan 2017, at which point the in specie distribution was completed and company became a shell. Some confusion worth clarifying with the company directly.

Joe: thanks for the reply

Morning Joe, tell me more about this "Walsall pack". Whats the connection with Walsall?