Member Info for MartyPoppins

A review of comments on the SOU board after its recent fiasco might cool some of the AAOG rampers promising a massive price rises. We read it all before from management and rampers on SOU - now look where it has got them. The more management delays here (again), the more untrustworthy it looks, while the current price of 10p (a mere 33% of its opening price) shows that, apart from the people on this board, no one is listening.

As a holder I want to see this dog actually perform (people say it has endless possibilities - I'll believe that when they are reflected in the price), but maybe the rampers can cool their hyperbole until the price is actually at least back to the starting gate of 30p. As said, we saw it all before on SOU.

Having previously bought in twice, I have now given up on SOU and fully sold out. The reality of AIM : 5 bad investments for every one good investment. Actually, it's gambling, not investment.

On to the next one (good or bad)....

GB,

Yeah agreed neither price action is great, is it? The relatively bigger Cora price drop story possibly relates back to what I was saying about lack of solid institutional ownership. HUM, OTOH, has a number of funds owning it and some biggies such as SLA and Goldfields - these tend to have a LT view as compared to us flaky PIs who like to panic. My main problems with HUM are 1) a history of errors and excuses, as noted below, indicating a weak management team that is not investor friendly and 2) the need for yet more fundraising and possibly dilution.

Cora appears to have good assets, a very positive management team with a lot of skin in the game (just wish some 3rd parties had also) and has just had a fund raising (not a huge amount but high relative to the size of the company). Despite my lack of confidence in HUM management, both are possibly OK investments at current prices especially if gold rises, but with more potential upside for Cora (albeit from a smaller base). Of course my positive view on Cora at 4p will be very different to someone who held at 16p. That's AIM....

FSJC,

This is the Cora thread, so let's not start a discussion on HUM but 'own fiction'? How many mistakes and excuses have you yourself just pointed to in your post! When mining companies start blaming artisanal miners, you know that management has problems.....

My question is not why this share is below 20p but why the thread continues to get over 30 posts a day....NOTHING is happening on this share ATM, period. I bought in again a while back and soon realised it was going nowhere in the near future, so I wait patiently until sentiment on this share improves. I suggest others do too, unless they really have nothing better to do than post 10 times weekly on a share that is currently dead.

But GLA, myself included.

Not at all saying Cora is a bad investment LT - like many on AIM, its prospects look very tempting. However these prospects will probably not be reflected in the share price until the share generates external interest beuond HUM (or insiders continue buying shedloads of shares...). It's the institutional buyers that usually move the share price.

HUM? This has been a disaster for most investors - mistake after mistake, excuse after excuse. Oh, and inexplicable loans to illiquid unrelated companies that have sunsequently been written off (?). Hard to explain that financial 'investment' by the company. SC are buying a company that was in the very high 30's at about 15p, so they might be seeing value at this beaten-down level. Presumably they also see themselves as willing to increase their investment further at the next required round of funding.

We have heard this ' the price is about to explode' how many times already - and in this case 'explode' seemingly means get back to its original price of 30p? Super, it's what the LT holders have dreamt of - to break even.....

Despite continual 'positive' news, this remains a typical AIM share. Lots of talk from management , endless conjecture on LSE and zero price action (still under 10p....!!) - just persistent wealth destruction and lots of PIs averaging down, down, down. Thank God I have been trading it on the rumours.

Patiently waiting with my current holding but will not be remotely surprised if nothing happens.

Been looking around at some potential gold exploration/producton coys. No idea if this company will be a hit or a dud but, given it has gone from 16p to 4p, it is certainly living up to AIM's reputation as a destroyer of wealth. Some problems I see

- an absolute minnow in size;
- zero interest from the market or institutions ATM;
- the largest holder is a mining disaster (39p to 14p) and involvement of its mis-management team can only lead to problems for Cora. Eventually I would expect to sell out en bloc due to a need for cash, and potentially shaft the share price.

However actual mining prospects seem positive. Operational fundamentals good; structure and momentum bad. Easy to take a punt, but most punts end up in the bin. Put 10 punts together and the loss can be significant.

Decisions, decisions.....

According to LSE the current spread on this share is over 18% (........). Well that knocks out any possibility of trading on the dips. The people making money on this share are the middle- men.

A few really brutal days for me. First Plus500, now this. Sold out of both at a loss (relatively substantial in the case of Plus). Have held on to HUM for a long time but have had enough - the only news they have issued in recent times is bad news.

And still holding Galliford Try for the moment (-20% today alone.....), although that will probably go too.

There are good weeks, and there are bad weeks.....

OK thanks, MITH.

One last Q - what has Jean Luc Goddard got to do with an AIM listed UK O&G coy?

Didn't hear the CC (live in Asia) and this is my 1st comment here (nothing of value to add before to the general conversation and my opinions are, well, just opinions), but I am not sure I understand Madame's comment about 'no more dilution'. Very unusual for a coy of this size and at this early stage of operations. Any idea how further exploration / development will be funded - the coy had SFA in cash at YE and GBP 16m will not go far?

Thanks.

As for Roger - give it a break, at least he took on the matter. If the delivery was not great (I have no idea) well, we are not all chartered accountants (and esp. not the guys and girls on AIM running junior E&P O&G coys - caveat emptor.....).

Cash position after recent capital raise = GBP 17m. Cash decrease last year = GBP 21m. What am I seeing that management is not? Or perhaps they think cash flow and net cash position is unimportant........? They might learn the error of their lack of focus on cash the hard way.....

That marketing spend is utterly outrageous relative to other figures - how can they possibly spend so much, given the company's financial position? And I thought online selling was supposed to reduce retail expenses? Seems not.

Seems cheap at 7p, but not if forced to dilute ad infinitum in order to raise ever more capital (or alternatively go bust).

I presume this is JL's way of telling everyone how underpaid he is as Chairman. The man can't be serious with this purchase.

Just don't understand AIM or this share. Got a 79% (....) profit recently on another AIM share based on an RNS that said nothing. Now this RNS comes out for AAOG and........nothing.

Frustrating and illogical. Why bother researching companies - simply throw a dart....

Well, the key item is revenue isn't it. GOT to substantially increase it from a very low base.

In any case, management is being proactive with the discussion - a lot more so than a great many other AIM companies. Definitely a positive going forward.

I think that is the first time I have ever seen the share price move up (barring reverse splits etc). Glad my post below galvanised management into impressing the market (up an impressive 11% ATM). I should write a few more posts.

If only.....

I think that is the first time I have ever seen the share price move up (barring reverse splits etc). Glad my post below galvanised management into impressing the market (up an impressive 11% ATM). I should write a few more posts.

If only.....

Now in with a very small spec purchase. Been trying to build up my PM portfolio with some decent companies, but very limited choice on LSE (of decent PM coys). The standard recommendation is about 5% of portfolio to PMs - what they generally dont add is that this % allocation should surely change depending on where we are in the general economic cycle. This late into the cycle, I reckon that - if you must stay invested in equities- the % should be a lot more than 5%.

Anyway, with CNR the technicals seem reasonable (hard to tell for this tiny a company, TBH) and given management ownership levels, it is clearly in management's own interest to get the price much higher.

Gl to A.

New management perhaps but, as yesterday's collapse shows, investors prefer seeing their investments being built on concrete, not sand. It puts a question mark over just about everything management said in the past. And AIM is a very cruel battleground.

Anyway it's up to new management to sort this out - good luck to them and investors.