Member Info for Mooching

Well, they've already told us unofficially that they're happy with what the drilling has revealed so far, right?

So, yes, any raise before official publication of the assays really would need some explaining!

Plans for a road to expedite drilling just won't cut it I'm afraid.

Looks like the brokers have given their mates the nod to go long.

Should be easy money from here for those with dry powder...now the MM's have closed their shorts, and no doubt in the process of going long?! F...g crooks.

Agreed, we had a c20% dilution to 'clear the decks' and the price went down c35% (from an already undervalued position)?!

Can only see upside from here imo.

🍿

Most pertinent comment in that article...

"The crackdown comes as the exchange tries to revive AIM on its 30th anniversary.

The junior market has been shrinking for years: listings have collapsed from just under 1,700 in 2007 to just 625 today, and new flotations have all but vanished."

I wonder why?

Symptomatic of London's demise. Greedy Spiv's killing the Golden Goose. They're the ones forcing businesses to list elsewhere or not at all, not a few loud mouths on a BB. We'll all be better off when AIM disappears altogether.

Fair enough Skippy, but no assays in the next 3 months means there's no assays or no grades anyway. Same same.

Let's face facts. They have said assays over the next 3 months, hardly a lifetime, and they have cash already. So, if the next raise comes before assays, it's a duster! Common sense tells us that.

You would need to be a special kind of stupid to believe the Bod would raise more money before assays if they were anything like good enough.

I'm hoping that's a bad joke. Even posting that is irresponsible tbh.

Agreed. Too many have read this as 'results will be released IN a few months' not 'OVER a few months'. However, whilst we shouldn't (hopefully) be waiting months for the latest assays, they now can't come soon enough. Good or bad, certainty is now needed, not this ongoing obfuscation, opaqueness and perceived delay. This disordered market is only benefiting the brokers currently.

MH01

If your numbers are correct, then the subject is moot, as no one would back such a Quixote-esque escapade anyway...would they?

Oneortwo

Not going to lie, my finger was on the trigger yesterday, ready to take a 60% hit myself. I thought I'd what today brings, and it was better. No, I don't think this will fly back up to £1+ by itself, but as I've said before, I believe there will be a pump before the next placing. I could (probably) be wrong, but I was getting to the point where I thought the price was falling to a point that any pump would still leave me massively down.

I've (sadly) given up on making a profit here, or even a full 'refund' of my stake, but I do still think I can do better than a -60%.

As I also said earlier, brokers have played a blinder here imo, no doubt aided and abetted by those much closer to the ground than any of us...no names.

A very sad state of affairs, again on AIM, but this time I'm finally going to take my own advice seriously and leave this cesspit behind.

Atb with your choices, genuinely hope it works out for all of us.

Mooch

Archangel

Not ironic at all. Bottom for this was 70p, on no news, 35p with poor news, and obviously zilch with a duster. We've had debatable 'good' news so far.

I've always maintained that I believe there's mineable gold there, and yes, therefore why would I sell if that were proven to be the case?

Because...I'm literally sick and tired of AIM.

If I leave with any sort of profit, then great, but I'm fed up stressing while MM's, Nomads, Directors, Loan companies are laughing all the way to the Bank, whilst taking the pi55 out of me.

I've already started building a position in crypto (utility, no, not meme coins!) and that's where this money will be going if/when I get it back.

Can't be diluted, the projects (I'm in) are serious and most importantly...out of the hands of London spiv's and gravy train director's.

They get 60p on the way down and another 60p on the way back...while I'm hoping I can break even and get out!

MMs trying to cover their shorts without spiking the price, before they go long, you mean?

Not sure why everyone's getting hung up on the road issue. I'm sure there is a plan to improve links to the site, as they've realised, for better or worse, they will need to improve access for continuing drilling...at a lower cost.

The real issue is another cackhanded attempt by the Bod to fill the news vacuum in lieu of assays. When you give yet another opaque timeline and the need for extended drilling programs (that can can be interpreted either way) no wonder investors get nervous...especially when many are expecting another raise off the back of consolidation.

Once again...the Bod would be better saying nothing until they have grades to publish. Do they not realise the market is waiting for one piece of news only and NOTHING else? It is THEY who are increasing uncertainty and disorder in the market.

What is the Nomad doing. Makes you wonder, doesn't it?

Grim isn't it?!

Aim, I love the enthusiasm, just you're just spamming the board now. If someone really did have something important to say on here it would just get lost under all your threads!

I'll give you my extremely cynical opinion...

The initial buying we saw from 90-110 was brokers loading the book ready to short it all the way back down to 40. Today's buying is closing the short position.

Let's just say, it's like taking candy from a baby when you REALLY know what's going on and the timelines involved.

Let's hope they get H1,2 & 3 mixed up 😉