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Evenstevens,
"How many major decisions have the BOD called right? ZERO"
Just don't understand you guys - if that's what you believed why were you endlessly ramping the share????? And dismissing anyone who suggested that management was poor. It's ironic that the prior uber-rampers are now the most critical of management who were present and decisions that were made while the former were still heavily ramping. Seems perceptions have changed somewhat. Welcome to the real world.
"I would rather lose all than let them get away with the cash....." This is where investors are losing the plot. People invest to make money - not to lose all for the sake of retribution. I am quite happy for the BOD to each buy a new Merc if I can get my investment back.
The shares are bought back cheaply, cancelled and the share count reduced. This reduces dividends paid out in total, as the dividend is spread over fewer shares. Very relevant for a high yielding company.
'Trolls to the Align deal' who 'contributed to (the) AAOG demise'.........Trolls (....) indeed - I see that absolutely nothing has been learnt by the Famous Five in this debacle. Trolls are everywhere (even now) and the cause of this mess!!!! Can we blame the UFOs recently sighted over Congo Brazzaville too?
I might have lost a few grand on this share, but at least getting lots of light reading.
TT,
Who are 'genuine investors' and who are 'the trolls with knowledge of the dark plan'? Was the assassin of JFK also involved? You were told over and over ( and over) again that you were being hugely over-optimistic (if not naive) in what you were proclaiming about operations, but refused to listen. So be it. I suggest next time you listen.
The best time to own a PM company is often when it changes from explorer/ developer to producer (eg. as PUR will on 2020) - this can result in a large uplift in company valuation. The reality of this tiny mining company (CORA) is that further dilution is a probability (especially as prospects improve further and more CAPEX is required), even if other forms of finance are also taken advantage of. Dilution is the bane of PM jnrs and a (hopefully only short-term) destroyer of wealth for PIs, but a fact of life.
Invested here, but still a small position pending further developments.
Up 14% today but I see no news - any ideas why the sharp rise?
Dividend-paying POLY and HGM (both Russian) have been my best PM shares for some time - another few days like today and TSG will make the group a Russian triumvirate
Up 66% today. Looks like the rampers FINALLY got it right. Congratulations.
OK, thanks. Yeah, the state investment is one of the positives.
Interesting share with a number of positives. However in a prior interview on Proactive (admittedly over a year old) RM, CEO, said that the company's cash position was strong and he did not see a need for further fundraising ( or words to that effect). Now we get the latest funding.... Any idea why they have gone from not needing cash to needing cash? Greater expansion than anticipated, or simply greater cash burn?
Dilution - the bear bug of junior miners.
The board you now so ardently don't want to have anything to do with and want to get rid of, are the same board that - only one month ago - were going to make you a fortune. Can you make up your minds?
Why don't you amalgamate with SOU investors and form the Bleaters Association?
The best time to own a PM mining share is when it moves from explorer/developer to producer - the company becomes revenue earning (obviously) and valuation usually increases substantially. This is what we have here with production to start in late 2020.
Investing in PM miners is highly risky but given good grades in a good jurisdiction with a fully funded programme (no dilution), PUR looks to be a good bet.
I was watching a recent mining conference on Youtube and the speaker from goldsilver.com gave 5 suggestions for 2020. The first mentioned was Pure Gold.....
Proffit,
We had 2 years of rampers shoving their incorrect version of the wonders of AAOG down people's throats while refusing to listen to opposing views (but now bleating like sheep about the same people they previously so revered....). Let A have her two weeks of 'I (correctly) told you so'!!!!!
Perhaps if we had all listened to her a little more, our current losses would be a little less.
Indeed, Neil, I might well have done so. Ever the activist - strongly worded letters to The Times on a vast array of matters etc. I was quite the rebel in my youth (Tooting Popular Front, and all that) - even known to wear mocassins in public on occasion.
What clot had my original post removed and why? Criticism of Monsignor Cross not allowed on the PMG board? OML, the TC Cult are at it again.....!!
Robs12,
I am a shareholder and I do care about price movement. If something happens ('let's buy the wife's farm today') to cause the price to collapse because of market sentiment, then shareholders have lost out. In this case, irrespective of financial arrangements, PI's have been 'done'. Had the share price increased we would not be having this conversation.
Put it this way - are you happy with the purchase and subsequent price collapse? And the prospect of similar future transactions?
"Eternal misery to......(those who questioned the AAOG story)"? That's an odd statement given the misery is being felt by those invested in the company - those who didn't are probably on holiday in Switzerland.
In any case, wishing eternal misery to people with a different viewpoint is plain nasty.
This market is terrible. Large one-off uplift for some UK-focused companies following the Tory win, but any hint of less than positive news and shares have been totally tanking - look at Saachi & Saachi recently or, before that, IPF or Amgo etc etc. XLM RNS was hardly so bad - market reaction was appalling. IPF went from 90p back up to 170p (....) - and this one?
Can't believe what I am reading on this BB. Instead of criticising the idiots who ramped this share from 16p to 0.5p (and are STILL ramping it - they never give up), investors are turning on posters who correctly measured this clusterf**k of a company for months/years.
I think A has been proven correct - follow the rampers as you want (it's your money), but stop criticising those who have been correct from the start.
MS,
Investors get influenced by the hype - read some other LSE boards (try MTRO or, even better, SOU) - and then they say they have hugely over-extended themselves. Yeah, they have been greedy and it was their decision to push the buy button, but they believe what they read - not everyone is a Chartered Accountant or financial analyst, and not everyone will sit down and read a 200 page set of financial statements (the effects of implementation of IFRS 9, anyone?). So now you will say if they are not financial analysts or not willing to read a 200 page set of financial statements they should not invest in the stock market - that's hardly being realistic, is it? A balanced discussion on a forum allows for a more informed decision. Endless hype and ramping gets you what you have here.
I invested way before those 3 charlatans appeared with their ramping, knew the risks (pointed out how difficult SNPC were to deal with on a number of occasions), and started trading the share when I saw that DS was rubbish and movement was volitile. The final holding and especially the last trade went the wrong way and I lost a few thousand. C'est la vie - certainly don't hold anyone else responsible for that (except DS maybe).
O,
Tiptop, Tiburn, Irishmouse etc. probably gave a false sense of security to less experienced investors with their unending flow of over-confident and unrealistic projections and suppositions, causing the investors to average down as the price fell ever further. And even when the obvious risks (eg. Lack of reliabily of SNPC etc.) were pointed out by many of the more conservative investors, instead of being accepted as something to consider, these risks were simply rejected out of hand as baseless. While TT, T and IM were relentless postets and relentless rampers, once the risk issue had been raised the more conservative investors generally either could not be bothered arguing further or - unlike these 3 - had better things to do with their time. Thus TT, T and IM probably convinced investors to invest more than they should have, simply through the large volume of their postings. So yes, I think they have caused financial loss to some investors.
Shame - happens on so many LSE AIM boards.