Member Info for mrcautious

If the Wolf of Wall st was still in business he would be selling shares like this one me thinks !

Worry not there is some relatively strong buying going on at present...

So you are saying PI's are the cannon fodder and the IIs will only get involved when it is more of a safe bet ?
If you look at BCN (Lithium junior) this is a roughly similar MCAP to UKOG (albeit reduced in the last couple of weeks) and they have several major II's in there because it can be seen to be a going proposition, but if these boys cant get serious flow rates on anything then it will not be, and lets fact it we are not going boss-eyed reading flow reports of late..

Surely you cannot be serious !!

Good analogy 50 -50 !!

Agree 100% with this, if they were to withhold information which would have a significant effect on the share price would they not be in breach of market rules ?

I was wondering this also, it a bit like owning a 10 year old Ford Fiesta which you can only just afford to run, and then going to look at a new Audi R8 with a view to buy on finance !

I'm sorry for your loss but to punt that sort of money into a share like this is not smart to be honest ! No institutions have despite the high profile.

Why ?

Things must be truly grim, even FK has stopped posting on ADVFN !!
Consensus is that the BOD are cooking something sinister such as a buy in or cheap sell-off...

Trouble is how can an investment company go on ad-infinitum never seeing the value of its investments grow or ever seeing them get monetised ? Thats the killer for this share (apart from the muppet board). Any one investment that comes to fruition may just save these guys eg BCN getting finance or EMH getting some sort of green light, but at the moment we have a bag of sickly non-movers on our hands it seems.

Does no one discuss this ?

But someone on a Hounslow council estate is now £500 better off !

It does seem that the 5% boys are out at present on this little upturn..

Smasher-you should try KZG if you really want to see what left in the complete dark feels like !

My situation is very similar - have a large portfolio consisting maily of OEICs IT's and and handful of DIVi shares lilke RDSB, Centrica Vodafone etc. I put a few tens of £K in AIM - EMH BCN KDNC SOU etc. Got into EMH fairly early but sadly didn't take profits at 80p. Generally have made a big loss from AIM shares despite a few trading successes and top slices. I am semi retired now and have a lot more time to work with my investments, however my view of AIM is that it is for day-traders only really. In AIM the deck is very heavily stacked against the PI in every way. Most AIM shares show the same pattern, ie start off fairly obscure with a small shareholding of very pioneering investors, then comes the hype and ramp via the board and investment media, followed by a spike and then a long lingering dropback for years and years where the MM's milk the share with the occasional pump and dump activity.
Most AIM companies are avoided by institutions like the Ebola virus with good reason.
In the case of BCN however we do have strong II backing which gives me much comfort.
I have a plan to extract myself from AIM as opportunities allow as it is clear in my portfolio that success almost everywhere else has propped up losses in AIM !
9 out of 10 AIM stocks are pure punt and I am not one for the horses or fruit machines etc !

This is very true with a minority of AIM companies, in the case of ASOS they had a great retail strategy and set of product lines. This share is entirely different, so far no real concrete evidence of a block-busting business case - billions of shares in issue, the share being super-manipulated by the MM's due to its super-high media profile and also traded to death also due to its high profile. I am here as a pure punt which is what this is, but I would say the almost religious fervour surrounding this share is crazy, its almost like the Branch Davidian cult headed up by the late David Corresh of WACO siege fame !

Lenigas is now 'grooming' PI's in this statement it seems !

I previously traded this for a modest profit, I now have a holding at about .49p for the long haul as I think there is no real downside to speak of.

And I meant to say initial annual revenue prior to full mine development !