Member Info for Mr0nions

trying to work out my real dilution managed to pick up small at 162p but dilution not as bad as placement failed

With Copper at 3.2 even with our crooked CEO, dilution, Trafigura as a shareholder and Astor case cannot hold this back

My bad ... Obviously I am sitting on a 20% dilution which needs to be addressed . Bought stock at 162 ... Then tested the bid at 160, could not sell 1000 shares. Alberto destroyed all interest in stock. Clearly it was going lower. Fed up.

topped up at 162 ;-(

what ever investor momentum there was got destroyed by that il timed and failed placement Alberto needs to go . He is in the pocket of Trafigura.

any idea who what 160 000 share trades?

I have no choice , am in too deep That doe not mean I will just sell and go away Alberto needs to be held to account : that is very negative - the take up of stock outside the core shareholders was pathetic - for placing like this you want something to be over subscribed - here all investors got filled on their amount and they still could not place all the stock tells me clever institutions do not see us as investment quality - IMHO its the link with Trafigura - court case that we are expected to lose RNS : 18,574,555 new ordinary shares (“Placing Shares”) with new institutional investors and existing shareholders. The Placing Shares will be issued at a price of 167 pence per share raising gross proceeds of £31 million.

that is very negative - the take up of stock outside the core shareholders was pathetic - for placing like this you want something to be over subscribed - here all investors got filled on their amount and they still could not place all the stock tells me clever institutions do not see us as investment quality - IMHO its the link with Trafigura - court case that we are expected to lose RNS : 18,574,555 new ordinary shares (“Placing Shares”) with new institutional investors and existing shareholders. The Placing Shares will be issued at a price of 167 pence per share raising gross proceeds of £31 million.

- copper smashed - Alberto not independent IMHO ... interest aligned with Trafigura - all our copper to be sold in off take - 20% dilution - Astor case lost - more funding great job

awful slide in copper 167p offered now in ATYM, this may be stock on broker books , so will look to sell 167p overhang risk

I agree ... But you just wait ... The pattern is now very clear . Those future copper output will be sold off to Trafigura. We are locked out of current placement. - however, if you an account with the broker Cannacord I think, nothing to stop you asking for stock.

probably broker or someone linked to the funding - the core shareholders have every interest to make this go through - they are getting stock for 50% sub broker valuation Minorities are getting ripped off All so we don't pay Astor : some private feud between Trafigura and Astor. We minorities don't give a f*** about his, we should settle with Astor , and at current share price level we should be going after debt finance. Oh ,,, judge is going to destroy ATYM at court of appeal . We also need more funding to complete expansion: expect more equity to be issued , expect all or copper to be handed to Trafigura. We are getting screwed

stock trading sub 167p ... and I am not surprised . Management in the hands of Trafigura Need to raise more money for expansion (pre confirmation of resource upgrade) Astor bill to pay All our copper will be handed over in off take to same core shareholders who are buying us on the cheap

management not acting in interest of minorities they are expanding mine but we dont have major resource upgrade so does that mean they are pretty sure we will get this upgrade ? if this is the case why are they selling 20% of the firm at 167p and risking losing ASTOR case. better to wait until resource upgrade that justifies the expansion and sell at proper price that represents value of the business management is only looking after the interests of Trafigura and Chinese

ADFN : Langostino5 Dec '17 - 11:56 - 9941 of 9942 1 0 MrO is largely right. This is absolutely a case of Trafigura running the company as a subsidiary.

for long term shareholders pre consolidation of 30 shares to 1 ... so this stock was trading 10p or 300p pre mining permits and copper sub 300 . Then Trafigura arrive. Stock has mining permits , copper > 300 - but all our copper is in off take - we are fiddling our books so we don't pay Astor - we are selling of the company pre-resource upgrade at 5.67p (167p current share price). Why would the company invest in expansion pre resource upgrade If they know there is additional copper why dont they tell us and sell the shares at a revalued price ie 10p = 300p which would be a fairer valuation Instead they continue to line the pockets of our core shareholders not only in equity, but via additional off take agreements to come its a poor pattern of not looking after minority shareholders Trafigura, Orion Chinese not so interested in the equity revaluation ... it is just an easy way for them to stay at the table and dictate to the company what to do

wall of shares coming additional funding needed post this �39m ASTOR liability will be called in Wall of shares will be placed stock is going no where management cannot be trusted ... they are acting only for their core shareholder group who have off take agreements on the copper ... no interest in small shareholder

they will slot us with additional equity and sell off our copper in off take agreements basically out core shareholders are raping us dry URZZ: Bear in mind that the expansion costs $80m. The share issue raises up to �39m. So more than half the cost is going to be funded from debt/other: "The balance of the capex required will be funded from other financing sources currently under discussion."

broker valuations at 290p ... and that Alberto sells stock at 167p I don't want to sell company at 167p Senior debt finance would have been better

you have a free put on stock dropping - cover at 169 in placement