Member Info for Moljen

Inn - the only thing to date that has been a disaster is the share price for people who invest in shares and don't trade them.

What's next? well probably you'll be able to buy these shares cheaper than you could this week and the week before and the week before etc etc

In the not at all impressed contingent for this RNS. To me it looks like the £7.5M at current rates will be running out at the end of Summer this year, cash flow shows we went through £4M in 6 months so maintaining that rate £2M has gone since Oct. Where does that leave us? Well since without a Commercial deal of some sort everybody now knows a placing is nailed on for this year where's the incentive to buy right now? Have the BoD shown any form for sorting a Commercial deal over the last few years - in my mind no so from that aspect I suspect we're going have wait for the never ending starting trials to produce so validation of the mice. What's that going to require, another £8M or more? At what price as the BoD here seem incapable or competent enough to generate sufficient interest other than the broad rule of thumb on AIM of 20% less than the prevailing price. Lets all hope they can get their respective fingers out sometime before June / July which IMO is when it'll be announced because at present we'd be looking around th 5.6-6p mark.
Quite simply not good enough

Ah well there's my Nov / Dec call on the share price coming to fruition - the ramp boys who were topping up could have got twice as many shares if they'd waited and actually considered this situation rather than just mouthing off at people who didn't agree with their view.
Do you know, I still wouldn't add or buy in here at the minute - too much of a placing risk still which I've previously called as occurring at .0005 to 0.0007, if / when it occurs we'll be lucky to get it away at 0.0005.
Sad sad state of affairs - now just waiting for Napom, CF and Ted to tell me how wrong I am when yet another of my predictions has come to pass. Ps - Napom, you said I was trading yesterday or the day before and I called you out and said lets put a grand or more on it and I'll prove you wrong with my holding being as was. You seem to have forgotten to respond, it's about the only call you've actually got right because you'd lose :-)

Chelsea - BoD are always confident in their hopes what will happen, past experience here and elsewhere suggest their hopes are frequently little more than that.
Personally I think yesterday was a huge knock to our credibility, we issued a very gracious RNS but now after many years it is about time the Commercial side of the BoD here began to deliver some form of shareholder value. The five year chart tells the story, one can expect ups and down's but when it is continually in a down trend over such an extended period questions should be raised and answers be given.

LOL to the salaries - it was you mouthing off saying your group had persuaded the Board to take half their wages in shares, myself and others questioned this saying it was in principal only.
So if they're taking half their salaries in shares and this needs to be RNS'd where is the RNS or are they not actually taking half salary in shares?
More than aware as to Annual Results requiring a breakdown of Directors Salaries - think you'll find the same requirement doesn't exist for the interims which is why they aren't in them.
Can you get anything right?

Napom - as usual totally wrong my shareholding is exactly the same as it has been for the last year, more fool me.
You really are a bit of a fool - you believe any old rubbish you are told and have a default mode of just calling people names, I believe that's a definition of a bully.
How about putting your money where your mouth is - say a grand or more if you want and I'll quite happily verify that my Prem holding is as was and has not been traded.

Thought so - either making it up or being played like a fool. Doesn't really matter which most people see through it

CF - you never answered the question which sort of answers the question really.
I assume you're not stupid but just in case - the email message was full of nothing so couldn't be RNS'd - you however made a claim that staff are working unpaid which is a fundamental change to the financial situation which is something that needs to be reported by an RNS according to AIM rules.
So please for the sake of all invested shareholders let us know your source or if it's just more of your wishful thinking at least have the courtesy to say so. I like many others don't have an issue with optimism or wishful thinking but if thats all it is at least have the balls to say so rather than being a prat as your response suggests. x

Awesome spelling error there by me the heretic in this situation? But seriously CF the fact employees aren't taking wages is actually a RNS able detail according to AIM rules so I'd love to know who has told you this or are you just extrapolating Noel's "we forced a cut in wages" which in actuality is an "in principal agreed to defer". Whether they did or didn't is another matter.
See, loads of stuff we could put in an RNS but instead we have groundhog day of jam tomorrow, busy, busy, busy

CF - how do you know? The only thing we've had RNS'd was BoD we considering in principal to defer (defer is different to cut) 50% of their wages. Seriously how do you know or are you just acting on heresy again?
You see this is the sort of s*** we could put into an RNS because at the minute all I can see is the Company building up a pretty big liability to some. Give it another year of just talking and we'll be signing over anything that's left to clear.

Well the excitement form some people was purely on the basis of we're still talking (groundhog day).
Oh well, each to their own..... definitely nothing worth putting in an RNS there however an update on our financial predicament considering the dosh ran out in Dec and some contingency plan notification in case groundhog day continues would be worthwhile.
Not to sure since RHA is on C&M and nowt happening at Zulu exactly what people in the Company are doing, it's an awful lot of wages we are shelling out for exactly what?

Cherry - a normal persons near future or a GR a la profit next quarter, news in 48 hours, regular updates etc type near future?

Cherry - think grammatical error in your post and should have read ..... somebody that is reliable.

No need for the "else"

Lord help us then, you're trying to reassure us based on conversations with people who for five years have completely decimated shareholder value through one inept decision after another and at the same time have demonstrated a remarkable skill for being somewhat economical with the truth.

ps Mushty, I apologise that was harsh of me to single you out in such a manner. There were better ways for me to get my point across

RA - Okay as there is limited information my opinion is not a lot all operationally will / can happen in the near future (no cash) unless we have a total out of the blue event such as Circum. If this is the case why is just RHA on C&M, put the whole flaming Company on C&M other than an absolute skeleton operations crew to do two tasks only. First is to protect our Assets (the licenses and the AIM listing) by responding to any day to day Admin and pushing what resource data we do have further along the track for minimum cost. Second and the most important is to run a full financial appraisal of what we've got, what we owe, what'll it cost to progress certain things to the next stage (my guess is it'd be a firming up of one sort or the other of the Zulu mineral resource). Then bring to us shareholders a genuine assessment of how much poo poo we really are in and a plan as to how we can get out of it and how much it'll cost us to do so. I make no bones about it, this company needs money put into it and really there is only the likes of you and me (us long suffering shareholders) who are going to do that. For me to do that I need to trust whoever is running the show and rightly or wrongly I don't trust the current setup - it doesn't matter whether I believe it is through incompetence or worse, I just don't trust any funds raised would be utilised leading to our benefit so at this juncture would not give any. As Chippy says it's not a poisoned chalice, its a bloody challenge and a half but at this moment in time you're largely talking a Financial exercise with a short term 3 to 4 month timescale, yes it there is a plan to be implemented you may need somebody with a mining background but at this stage you need common sense and a financial understanding along with members of Noels group to say enough is enough.

Mushty - go back and look at my posts at the time, KDNC never had the funds to do the deal and that's what I said at the time whilst the majority of others were thinking it was the greatest thing since sliced bread.
You've just confirmed my point that I was making.
Now this time it's not Riverfort, or KDNC but it's the Zim Government, it ain't going to happen, a Plan B is needed

Ps - Jessell, I wouldn't take Mushty's reading of information as particularly insightful, this is his drivel from April 18

ZULU FUNDING COMING FROM PARTNER.
RHA 90% WILL BE OURS.
GR HAS BEEN GIVEN THE NOD.
STRONG BUY AT THIS PRICE.

Charlie - it's tedious I agree but until such time as sufficient shareholders have the will and voting power to change things nothing will.
We supposedly have a group who do but won't on a never ending basis of "this or that" is about to happen. When I see "this or that" posted by them as justification I post and will continue to post my reasoning as to why I think it is BS.
I live in forlorn hope that they will see the light before the lights get switched out.