Member Info for LWHL

I reckon if I opened a short here, within minutes we would see a bid announced at multiples of the SP :)

IMO, we are just range bound right now; as long as we do not fail a retest of the low - if indeed we even do see that level again - then the thesis is sound. Hopefully anyway! lol. GLA.

Large seller in the background, or an increasing short, perhaps?

I also added, so it could well be that :)

That sounds most annoying. I presume you have explored all other banking avenues? Having not had a cheque in any currency for a while now, I am out of the loop on this aspect, so no idea if all of them would take the same (seemingly unreasonable) approach to declining customer money.

One of the benefits of having an online account I guess is such a scenario can be avoided.

Ouch. Why did you not want Canadian shares? Not like having to try and list on eg the Kazakhstan exchange, where I could understand reticence.

Even if FRES move to US or Canada, I would keep them. Still got RRS stock (now Barrick) and fingers crossed, never had any issues with the automatic transfer, or dividend payments either.

But - as much as I am a PM miner enthusiast - these will almost certainly get sold off, along with everything else, when a proper market correction occurs. Although I am hoping not before 8 quid or so, in order that I may offload a few more, to buy back cheaper at some point thereafter....

Ultimately, IMO inflation is going to spike up again. We need Mexico to cut rates and company costs to come down, in order to properly benefit from the rise in gold and silver prices. All of which is likely to be harder to achieve if the above scenario happens.

What a mess the world is in. Price of commodities (including bitcoin, which might divide opinion!) tells the real story of inflation IMO.

And looking for mid 50's with this tranche hopefully. Before or after the little dividend will be fine :)

Will likely take a final slug if we see a retest of the low 40's on nothing specific....but would be happy not to have the chance frankly! GLA.

I trimmed a few of my sub 5's yesterday. Still overweight here, but ever so slightly more sensible position size now.

Also reached my target over at PAAS, so took slightly more meaty profits in that one. Which probably means it will now sail through the year highs and back to 20 USD, but earnings in a few weeks, so unless I see a healthy pull back in that one prior to then, happy to sit on the sidelines and take a fresh view thereafter.

I would love a retest of the year highs in this one, but as I have said before, it is never wise to start counting chickens at the best of times, but especially with FRES :)

I have to say, compared to the BOD (and so called independent special committee) over at PARA right now, the ones here look both trustworthy and competent. If the media stories/rumours over in that one currently are true, and a deal along the current lines touted comes to pass.

The comments section over on a US version of this one (stocktwits) provide some gallows entertainment for both holders and observers alike.

If Apollo come knocking here, hopefully our BOD will not seek a materially worse deal with Skydance instead of them, on the most seemingly flimsy of pretexts and which looks highly irregular to the eyes of many.

Anyway, dividend here soon, then will take a view.

Not sure I am going to get my 80p target now, but having trimmed a fair slug along the way, I am all the more relaxed and open to rebuilding if we revisit the 60's in the event of a market correction (nothing company-specific etc). GLA.

Have kept this one on my watch list, having planned to take a small position at some point.

Then I read this morning's RNS. Words almost fail me. GLA holders and I hope the situation gets sorted for you all soon, without too much pain in the meantime.

A potential day trade I guess, but IMO right now, like many (most?) AIM outfits, totally uninvestable.

Just ordinary PI's essentially, I think.

But IMO today's RNS is more important (and another negative) as we see another of the large shareholders has chosen to be diluted, rather than continue to fund this lifestyle outfit.

The tardiness of the update did not go unnoticed either. This one has got a strike against it for me now, but hopefully the next update will not show this company deserves to go in the bin.

Some of the senior management team might need cutting, as part of a commercial shake up, if we do see disappointment. Start with some of these inside sellers, whose remuneration is clearly too rich, if the numbers do not show justification for the rewards they enjoy.

Nobody should answer your request for advice on what to do - it must be your decision alone on any buys, sells or holds for anything - but my general take on such a scenario (in which I have some experience, lol) is to perhaps consider the peace of mind aspect of continuing to hold, versus taking the loss.

Then you have opportunity cost. £5K, while not a lot of cash, is nonetheless something that could be put to work elsewhere now, versus perhaps going nowhere at best for a few months, or going pop, along with the paper loss to date.

If you think this is going to multibag...well, I guess you could buy more in that scenario.

Personally, given all the known knowns, I cannot see the investment, or even the punt case, here now - but that does not mean I am going to be right :)

FWIW, I have gone down with ships, other times averaged and traded my way out of a hole, sometimes compounded losses in the process instead. Sometimes taken small profits or small losses, only to see big profits after the exit from a stock.

None of which changes the fact that, in the opinion surely of both bulls and bears here, the recent updates and radio silence since the last one, are not a good example of fiduciary duty to current holders in any way, shape or form. GLA.

Hope you all had a nice Easter break. Surprised to see that anyone took up the raise offer.

Equally surprised to see inside buying, although then again, it was buttons really, so not surprised in that sense. Hardly the kind of investment sizes that inspire confidence, especially given the salaries, lack of prior inside buying etc. Rubbish deal for existing holders, naturally. Part and parcel for AIM, along with the lack of consequences for BOD failure.

Also looks like the biggest holder has come to similar conclusions to some of us. GLA.

I see another significant inside sell took place recently.

Hard to conclude this is a buy when you keep seeing such a lack of inside support, regardless of research.

Probably should cut my losses here, but am going to hold and see where this goes in the next few months.

Feels like a return to the 40's might not be inconceivable. Especially if these insiders keep on dumping their shares. Not particularly confidence-inspiring.

Unless we get a negative company-specific update, might take a few more at that point though. GLA.

Even two of the greatest investors of all time (Peter Lynch and Warren Buffet) have made bad investment decisions.

I used to feel a degree of comfort myself when I saw the likes of I.K stake-building in one of my stocks.

While it is generally better than seeing them fleeing of course, IMO it is actually quite dangerous to let it influence/form part of your investment thesis. Speaking from experience. Evgen Pharma being only one such (expensive) lesson for me. See the shareholder roster to this point. Not the only one either!

Anyway, that is more than enough from me, especially on holiday! Take care all and good luck for next week.

Morning Mary. I stole it from one of these chat boards at some point, but it really is quite a splendid phrase. Not sure of the history of the word originally.

Hope you have a good Easter as well.

Glad you pointed that out, Rayte. Seems a lot of people have not read the RNS's properly, and some hopium is already starting to manifest itself.

Good in that sense that holders now have a few days to do so, get to grips with it all, in order to make a decision.

I would advise those of you who are perhaps unfamiliar with being a shareholder in a private company, to do some research this weekend into the nuts and bolts of it. See if it is for you.

In this scenario, you would have JD at the helm, so that might be a red line in itself - or perhaps the opposite. Entirely subjective, that one.

As always, you need to take the (understandable) emotional element from the equation now, and look at it pragmatically and dispassionately.

To be clear, I am not advocating for backing JD here, I would not fancy this option personally, because I think he has failed the commercial test, and I think he will not be successful in turning this one around, never mind all the other stuff that has been covered in great length here in the recent past.

But for every bear opinion there usually can exist a bull opinion. Maybe he will turn the ship around? How will you feel in 5 years or so if you do not go on that journey and it does become a multi bagger from whatever the starting price will be?

Not an ISA option, so be mindful of that as well.

GLA, whatever you decide.

Fair enough, although I still think the lack of detail concerning the cash runway at the very least, is not particularly shareholder-friendly. No updates on salary reductions etc, unless I missed it.

Ah well. If you guys are satisfied, then all good. Have a good Easter all.

I am not saying buy or sell, for two reasons. One, because I am not a qualified financial adviser. Two, while I have my own opinions on the direction of travel here, I could end up being wrong! I often am.

It also depends on your strategy. Some people are going to look at a range of technical indicators on Tuesday, scoping possible day trades. The amount of bull and bear comments over the weekend and especially on Tuesday morning, assuming no further RNS's come 8am, are going to be unreal.

Some will look at sentiment indicators to assume short or long trades.

Then you will have others that are simply going to dump at any price. Others who will plan to buy in tranches on the way down, to try and trade their way out of the probable hole they will find themselves in.

Personally, hypothetically, I would probably try and ladder out, depending on the size of my holding. Set a few different sell orders etc, but if you only have a small number of shares, you might get lucky and be able to dump them all for maybe 18p or so if you are quick off the mark. The SP might bounce around and even see 20p, who knows? Unlikely I think, but not impossible.

If you see any of the major shareholders increase their positions, then that will likely have some positive influence on things to a degree, but I think mentally preparing for at least a 40% drop on Tuesday might not be the worst thing.

I think it is ultimately game over though, but that could easily drag on for a few weeks yet, so choose your poison I guess.

Above all else, I could be entirely, 100% wrong. A white knight might come along, other retail heavyweights etc and bring cheer. Low probability IMO, but time will tell. GLA.

Some people decide to go down with the ship. Perhaps not being willing or able to lock in the loss via their own hand, or like some passengers on the Titanic, not believing that it was the end, even when it was beyond any doubt (not saying the same fate necessarily awaits this company).

Others will gamble all the way down to a suspension. I have seen it happen elsewhere. Rationale being, lose eg 1K at worst, or 10 bag if it comes off. A couple of names on the leading fallers list today...have a read of some of the comments on those. Madness really, but there you go. And I have done it with a few names myself, albeit legacy investment ones, before I learnt better :)

No doubt I have missed a few other scenarios, but the above covers some reasons, in answer to your question.

When I saw that a local authority council was invested here, I felt uneasiness.

Given the way they tend to manage tax payer funds (councils generally, no idea about this one in particular), I actually thought it was a red flag in itself, no word of a lie :) No wonder so many of them are going bust!