Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
Relevant story in the Sun business today saying the CEO of Endeavour Mining had secretly transferred £22m out of the CO AC, to an offshore AC, and they are trying to recover it ? slippery ART comes to mind, when i read that story and wondering if the SAG are looking into any offshore bank account filled with shareholders cash he may stolen over the years, from funding call after funding call bond issue after bond issue, and nothing actually spent on the project that only needed Gas injection to start paying it's way.. we really do need to get someone to follow the money trail from 2021, YES''our very own sherlock...
don't forget we can talk as much as we want, but we still have to prove it,with hard evidence if we are to stop any sale that significantly undervalue this asset..
the next scedgrule hearing date to look out for, if they will tell us anything at all on any acceptable bid, is MAY 20th...
happy easter
Although it's disappointed that there is still hold up on DRC cash, it's nice to see AB is hinting at none core asset sale, to sure up balance sheet / trying his best to avoid dilution with talk of interest from a few parties / concentrate on near term GOLD / Lithium, and we certainly got a lot of far off need money spent on asset to get rid of.. but as always the Market reaction is always over the top with little understanding of the RNS and what we have here, and will only think of the negative, as in HAHA'' DRC cash is still not here yet'' lets take 15% off the already tiny SP, and they will head for the exit,
FKN leaches...
happy Easter weekend all,
speak soon
ATB
If he is still saying in this RNS the? deal meets its "strategic objectives of long-term growth and value for our shareholders." then IMO it's a fore gone conclusion, that it will be concluded shortly, as ITS is never going to get another opportunity for a main Market listing, so it would be in both our interest to get this over the line ASAP..
just thinking out loud....
$2.260 IMO end of the month
Not scaring us out that easy it will come when it comes
Have a feeling thing are going to be wrapped up soon, because i don't know if anyone has notice the 1700% rise over there ?
yes you have guest it they have just done a share consolidation to 14p so AB must be ready to tell us shortly as all the due diligence on the gold asset we was told about in that RNS could be completed by now and they are ready to move on
we will see, but we are still on RNS watch for tomorrow 7am again
thanks H50'' for your thoughts and patience / HP / NEWS'' and all contributors to the cause today without nastiness..
ATB
We are still 600% up from our low of 0.185p, and if you guys need inspiration while its quiet, go back and listen to her LSE / PRO Active video again, and tell me, if this SP today is not artificially held because of lack of more data, to find out how much billions we will be worth 5 years from now'' but don't worry there will be plenty of opportunity to get in before 10p but i would not hang it around indefinitely especially under 2p BFTFDIK
GL
NEWS you never fail to get them all at it'' LOL!!, I don't know how you do it, but keep up the good work, hopefully one day they will disappear like a fa-rt in the wind...
but thanks again for getting the post count up'' today, as that's equally important for exposure in the most talked about kind ah thing, and don't forget the longer the post the better, if only to drown the CNTS out, confuse the FK out of them LOL!! just keep it civil if you must engage...
ATB
X3 days left for this week 7am RNS watch, if anyone want to stick around without moaning, as the door is always open for anybody to come and go as they please and try somewhere else that's how the Market works, there is really no reason to sit and wait on any stock, if you miss the first rise there will always be a second chance even if you have to buy back higher than the 0,07 because anything under 1p would still be a good buy IMO when we get the cash news is announce, AS ALL HELL WOULD BREAK LOSE, when AB move quickly on first gold at our 100% own with price looking to break $2600 an ounce by next month...
tomorrow then...
There could be some truth in there somewhere, as the 600 trade APPLY RESISTANCE with some huge 1m buys 10 min before close says it all
perhaps they will give it back tomorrow ?
we will see..
I think they have just purposely forgotten where the up button is today TBH, as i think HE1 has finally hit the bottom and investors knows it'' and that the SP has been well and truly beaten up from the 2.6p we was trading at last month with the expectation of the log result, and what HE1 could be worth, and IMO nothing would have change, the Asset is still huge, it's only that LORNA has been gagged not to tell us what's down there yet, and to lower expectation on the last interview, as i think we all could see how restrained she was and stuttering when ask how big this find is...
there is no reason why we should not be trading in the 2p range shortly time will tell
ATB
AND WE ALL HOPE IT WILL BE YES OFF COURSE AB
THANKS FOR THE POST BETTER THAN NOTHING
JUST GET BACK SAFE
ATB
Https://www.sidley.com/en/insights/newsupdates/2023/10/a-tale-of-two-chapters-recognizing-the-significant-differences-between-ch-15-and-11-bankruptcy-cases
look like there is a big difference to chapter 11 where the lenders are allowed to seize all asset for what they are owed ?
so it look like there is still hope for a litigation process for shareholders / Stakeholders in an English court, if the lenders bid is the only one in town ? as the effected country judge will have the final say'' USA can only recommend, but FK knows, perhaps someone with more skin in this hype of affair can take a second look at the link above so us mere mortals can better understand it
REGARDS
Breaking news the 2nd buy of the day a 141 trade LOL!! could this be it ?
just FKN about'' but you never know''
Underexploited and mineral rich ,o Estimated $24 trillion of untapped cobalt/copper/diamonds/gold o Major supplier of the world’s cobalt needs o Prolific and historic copper producer
I SHOULD THINK BIG G'' IS MINTING IT BIG TIME IN DRC ON OUR BACK ATM, AND I HAVE EVERY FAITH THAT AB WILL GET THIS FIRST INNITIAL CLAIM OVER THE LINE, BEFORE WE GO AFTER THE BIG ONE TIME WILL TELL..
Brad say''
we believe this proposed acquisition meets our objectives and wider strategy of fostering long-term growth and value for our shareholders."
and as we have never had growth before or any value in 5 years, I'm certainly looking forward to what that statement say'' when we start trading again, whatever the SP start at, hopefully not too long like the last time we had suspension
the way the Market usually works after a RTO of a big enough revenue CO by a smaller main listed CO with no revenue, is that in all probability we will come back a lot higher than the 5.375p we closed at, and i think that's all we need to know, if you was lucky enough to get back in before suspension or topped up'' to average down..
Thanks for your information and thoughts NEWS'' and I'm sure this wait is good news, and will be over shortly
ATB
speak soon
Government has stood by for years and watch there stock Markets turn into a high street betting office, that no one can truly see as a long term investment, when it was design for that exact purpose, I mean if you don't sell a stock 1 day after good news you run the risk of the CO grabbing funding in the millions at a discount on your back, and you are left holding the baby for another few months watching the SP dwindle away until the next news, that never seems to be as good as the first pump''
FKN disgusting IMO, and we all really do need to assess our risk, as this is getting worst than the bookies, with the odds stacked seriously against us..