Member Info for mafioso

Note from the RNS - there wasnt a closing statement made by an emcumbant BOD member after this bail out.

Expecting further sweeping changes in leadership to boost revival hopes

There is still a3rd drill site that was being negotiated after they announced purchasing the 2nd with a raise .

This is the problem here where Are the funds coming for that and do they need it right now?

So far 2 drill sites purchased and 2 flipper raises pushed thru with over 24Bn new shares in circulation.

Well over 20Bn traded since last placing yet this is following same trend when 2nd drill site purchase was announced.

So has 3rd one already been agreed with flippers is the big qu….

it’s been over 2 mths. i thought with main shareholders buying prior there was a mitigating plan for this ****show. but doesn’t look like . so wtf is going on here then ?

there are over 17bn shares that are hitting the market of the next week or so.

there has been 7.5bn of trade volume since placing was announced about 4 weeks ago.

churn will take weeks to clear

back in jan when first drill site was purchased there were 1bn shares and this morphed to 8bn and took several weeks to churn to complete

then when churn was done second drill site wa purchased and another **** raise as well as partial debt restructure to shares and now we have gone from 1bn to over 25bn shares to have 2 drill sites which are not gonna get drilled until aug.

wonder why that long….? churn for one and then these greedy ******s have also put it out there they want a 3rd drill site.

so if parsons chooses to purchase before aug drill and that’s another mill to purchase then you know you are dealing with a right c@nt here as he will have dilute this share to kingdom come . so if another discounted raise to buy this 3rd drill site before aug could be looking at over 40bn share float. flippers won’t care either way.

3rd drill site is not necessary at this stage and shud wait to see what happens with other 2first , but not convinced parsons will think that as he won’t give a flying f@ck about shareholder value at this moment until purchases and placing dilution is still main agenda

….3rd proposed target asset

Potential New Option Agreement

The Company is in the advanced stages of negotiation on an exclusive option agreement on a controlling stake in a Nickel-Copper-Gold project in Western Australia comprising both exploration and prospecting licences, although there is no guarantee the option agreement will be entered into or as to the final terms. Consideration for the grant of the option is expected to be settled in new ordinary shares, with the exercise being at the Company's sole discretion and for a combination of cash, new ordinary shares and a capped carry of the non-acquired minority interest. A further announcement will be made in due course.

So Similar option agreement as Peak Hills and sounds like this is close to a done deal. So let’s see if same formula is used by Parsons with flippers to rail road this over the line early no matter what or does he choose to wait and get some catalysts first with the first 2 assets to clear churn and allow sp to recover a bit?

Maybe he could also allow a retail offer to existing shareholders this time. who have to put with getting crucified with massive dilution and get involved himself with some skin in the game?

Answers on a post card

It involved Palumbo who is stepping down . So parsons clearing decks of legacy issues here

if shareholders want sp to go up multiples then these flipper placings at 70% discount to prior placing only 3 mths ealrier cannot be allowed to continue.

bear in mind there is also interest in a third drilling site and if another similar placing is passed to get a 50% interest of that and left to the flippers to raise the capital then this is looking likely to get down sub 0010 and share dilution going over 40bn if this is repeated again before aug drilling

wud shareholders accept that too?

shareholders are being taken the **** out of here and bod are weak

gdr had a similar situation last year with a heavily discounted placing by flippers which was voted down as size of discount was totally unecessary, uncalled for and unacceptable in light of dilution levels and the sp then 5 bagged soon after and new raise restructured.

depends what shareholders are about here.

Quick reminder of anyone attending

Proposed Equity Raise

The Company, conscious of recent turbulence in the Middle East, has conditionally raised £1.3 million (before expenses) through a placing of new ordinary shares (the "Placing Shares") at a price of 0.015 pence per share (the "Placing Price"). The Placing Price represents a 35% discount to the prevailing market price and the Placing will result in the issue of 8,666,666,667 new ordinary shares ("Placing Shares"), representing approximately 34% of the issued share capital as enlarged by the Placing and the Peak Hills share consideration, the Final Subscription Shares and the Creditor Shares (the "Enlarged Share Capital"). The Board recognises that the Placing Price represents a discount to the price of the Company's last placing however considers that, in the context of current market volatility including uncertainty in the Middle East, it is in the best interests of shareholders to secure funding and additional valuable assets at the current time to advance the Company's strategy.

If this gets voted thru then share float goes up to 25.5Bn .

Utterly ridiculous levels of dilution by the flippers and shud not be accepted

so dp has pussied his way out of attending egm. will have to catch with him separately.

let’s see what rest of encumbent bod are like at egm vote after this **** show of discounted raises and threat of future raises to finance more drill sites

if total voting rights here are 277m and this is valued at £1bn i will **** my pants.

that’s a promise 😂

210,526,500 ordinary shares allotted?

That’s quite a specific number….

In Honor of the King and Queen of the United Kingdom, who have just left the White House, soon headed back to their wonderful Country, I will be removing the Tariffs and Restrictions on Whiskey having to do with Scotland’s ability to work with the Commonwealth of Kentucky on Whiskey and Bourbon, two very important Industries within Scotland and Kentucky. People have wanted to do this for a long time, in that there had been great Inter-Country Trade, especially having to do with the Wooden Barrels used. The King and Queen got me to do something that nobody else was able to do, without hardly even asking! A wonderful Honor to have them both in the U.S.A. President DONALD J. TRUMP

That was easy win then 😂. Thx KC.

Every little helps…

Final results published - on time !

LesGo!

also shout out to shareholders over at pyc to demonstrate that you don’t have put up with **** served up by bod and their brokers when it comes to weak management and **** placings

Having to dance with devil here to catch a falling knife.

At least can now buy some off the flippers for par value , but still gonna vote against these crooks for creating this sting.

And they still have the nerve to say they want to purchase another drill site and BOD have yet to buy into any of these raises .

EGM shud be fun…

And to the random poster thst called me out .

ACRM having a good day today. Strong turaround story happening there

One to watch over next 18mths.

Been over a month since that last poor update, surely some news due to set out what the plans are here

Current mcap £3m

RTO target equivalent £30m for AMG (3%)

Lots to play for still

Discounted placing ahoy! Shall we say 0.2p vicar?

By Tom Winnifrith

17 March 2026 11:38

Powerhouse Energy (PHE) has today announced that a new research report has been released on its shares from Longspur Capital, its joint broker. Follow the bread crumbs. At 0.355p, down on the day, the market cap is £17 million and these shares can and should be shorted.

Expect them all to be in out in force now with max negativity to close out

There is a 2nd RNS….

when the prior placing was done early this year at 0.035 it was supposed to be a company reset and a pivot to including mining starting with a low cost drill campaign of apparently only 200k required

traders were buying 10% higher than the placing price which helped the flippers flip the 8bn churn, yet the sp barely did 10%, as flippers clearly knew what was coming next.

so now after being told maiden drilling was to start as late as aug now, they drop this placing to purchase interest in another drill site for another 8.6bn shares which apparently is only 34% of total share capital.

so now there is 25.5bn shares if egm vote is passed. so this share float alone will put off any ii or fund managers unless a major share consolidation is done.

we still don’t have a date for egm yet. why? they testing waters on this **** show?

plus they also slid in this on the rns…

potential new option agreement

 

the company is in the advanced stages of negotiation on an exclusive option agreement on a controlling stake in a nickel-copper-gold project in western australia comprising both exploration and prospecting licences, although there is no guarantee the option agreement will be entered into or as to the final terms. consideration for the grant of the option is expected to be settled in new ordinary shares, with the exercise being at the company's sole discretion and for a combination of cash, new ordinary shares and a capped carry of the non-acquired minority interest. a further announcement will be made in due course.

so they want to add a third site paid for by even more shares. so flippers waiting to screw over anyone again that buys in to this placing?

why can’t they deploy revenues from gasification if they have supposedly tighten costs by 50%. can’t they direct them to some of these exploration projects if they want to increase shareholder value here?

i think this is now a case of once bitten twice shy for anyone thinking buying in here with this new ceo and these flipper placings. it’s a stealth version of death spiral financing, with this insane dilution effect.