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Matt - hate to correct you as you do seem a reasonable poster but not everyone got suckered into the MNH deal. Just checked my own posting history for Dec 19 / Jan 20 and I posted this amongst others (posts were mainly over the Asset Value scam but also are a few including this one about the imaginary cashflow you are talking about)....
Ok BP-
I don't need to discount value of plant to zero as we have a RNS detailing at 30 June 2019 Total Assets were $1.6M, all I have said is that any claim for us to have $2M from this deal is utter ****** and it is
1: We are a shareholder so all we will benefit from is what MNH have available to pay as a dividend. Y?E 2018 $20K profit, YE 2019 OPERATIONS ie Gross Profit $1.4M Net profit will be way way below this, say being generous $0.35M less tax say $200K, dividends on those sort of numbers will be zero or negligible as you need to retain funds to invest in the business
Interesting the large volume of round number sells over the last few weeks - we know Lanstead had another 120M of these babies but we're way way over that now.
What about our friends at MNH, the ones supposedly making so much money by now they'd be paying us dividends - hands up all the fools who ramped that one to high heaven - well volumes suggest they're gone also.
Oooh, don't say some of our greatest thing since sliced bread lot are exiting also, after all we've had a few claiming over 150M on here a few times like Snowking.
Somebody is telling porkies - oh it's Prem it's a corporate culture thing.
So where are we today, declining price on buys .... mmm I'll continue to follow the market trend and sit and wait and comment as it's done me pretty dammed good so far.
It seems to me that it's you who can't let it go otherwise why would you respond to me calling a POS a POS. So now from uber ramp for the last few years to not many have averaged down and many have moved on????
Eddie you been full of as much BS as GR then over the last few years trying to entice in more suckers to try and rescue your own bad investment decision?
Perhaps you should have also moved on when I first started calling this for what it is, doh!
from 10:56 not showing here. Lil old 100M sell at .05 dead
MNH paying the wages again, death spiral funder leaving the building or one of the ramp brigade exiting?
Anyway, reasonably surprised hasn't crashed the price but there's still time
I'm soaking wet after sorting the horses so really not in the mood to have my time wasted so could somebody very kindly let me know if it is worth trawling back through the posts or am I just going to find that the favourite kindergarten topic of no risk is being flogged to death again?
If it is I'll go and find some paint to watch dry or something more interesting to do instead.
Cheers
Acker, flagged up about two years ago the need to move on with greater speed than the snail space we are going at as battery tech was changing. Suggest you do a bit of research into new advances with clay lithium and also some of the work being undertaken with nano materials & supercaps as batteries are a fascinating topic. A DFS up to 12 months, build a mine 2 to 3 years .... is there actually going to be a need for hard rock lithium in 5 years time?
Anyway before the over excitable lot get their knickers in a twist you know my view here, to the end of the car crash or take advantage of any P&D on the dead cat bounce so whichever way it goes for Zulu it won't be of any interest to me in 2024/25
After Darwin, Riverfort, Priamry Bid and now this latest lot George has eventually worked out it a carp choice of funding.
Wonders will never cease, so what's that 5 years, over a Million in salary and George has eventually worked out the painfully bleeding obvious.
Go George and see the 0.4's or whatever the conversion price was next week.
Sheesh, well done Team ramp yet again, hope not too many were suckered in by their enthusiasm ..... well unless you're in team ramp in which case I hope you took full advantage and averaged down again.
Still not an investment but a dead cat bounce is still on the cards when we reach the bottom
6PM on a Friday, the man is full of class
Isn't it lovely to see so many happy bunnies posting today. Either you're very large holders or just easy pleased as my 9M are showing up just £447.25, whoopee .... spending spree. Thankfully my HUM shares on a smaller rise are showing a worthwhile daily profit.
As Acker says, placing soon so it'll soon disappear. Acker, a question, why buying this week or is it just a quick trade opportunity and hopefully out before the placing RNS?
Jonjo, I'm sorry you're hurting but the warnings were there and have been highlighted numerous times not just myself. Openly admitted traded the arse a couple of times from it which more than covered cost of the 8.9M I still hold. Yes could have sold them also when sold the last lot at 0.135 from the 0.02 purchases but in terms of my overall portfolio they really are neither here nor there and this board gives me great amusement. It'll be a shame when it goes but still reckon there's a good chance of a quick dead cat bounce when it bottoms before then.
Same as last post rather be both a tool and a mug than bought and hold any of these over the last few years as it's proved profitable whereas buying and holding probably isn't pretty when looking at the numbers.
Evening Jono - better to be a tool than a mug who has put any money into this over the last few years.
Hint - read the Going Concern statement, working capital!
Us tools have little time for silly boys who have quite obviously lost a fortune because of GR and their own behaviour in allowing this shambles to go on for so long.
Hope you've some good capital gains to offset against this.