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Just flicking through the financial statements, I note some errors, the consolidated statement for the year 2022 states (loss) for the year when in fact it is a profit in 2022 by way of the "other gains" 2,133. Errors by the Auditors here, fee reduction maybe?? especially if they need to be reissued?
Salaries paid for the year circa £170K for what exactly?
Maybe shareholders should put forward a resolution that these fees be reduced until some progress is made?
Danger is one or more Directors could walk away, why would they though, this is a £100M m/cap company in the making?
Net Assets £9.7M so basically the balance sheet indicates this is the value of the Group as a whole, so a little way to go for the Market to agree, which I suppose is good news.
Mr T
Well, I got that right!!!!!lol
Reading Colins report it still all sounds positive and appears we do have plenty of news to look forward to July/August, let us hope it has a positive impact on our share price.
Interestingly Eureka is being talked up again and any prospect of forming a JV will be a positive turn of events.
Our Mankayan investment appears to be decreasing now down to 24% from 26% at the last show!! I would like to think it is worth more than the current valuation, particulary if it is a world class asset. Again, I would like to know the latest resource estimate and I think updates should be released on a more timely basis.
So, It's July now, Colin clearly reference July and August for news, therefore as the song goes,
Things can only get better!!!
Mr T
Up 15% on the alternative platform on Nil trades!!!!
Red by the end of play!
Once volume picks up, if ever, then we will be blue.
There is an awful long way to go just to get us in double digits now!! but there is hope!!
Mr T
Well this is getting better!! no trades and when there are miniscule amounts we get marked down? Colin!!
I suppose we will have news this week, yes thats right the Annual Results will be out.
Nearly 12 months now since the licence application, any news? no thought not.
Colin, we will be mining in 2023!!!!!pmsl!!
Colin, we are a 100M company in the making, pmsl!!!
By the time any news does appear it will not matter because the sp will be Zero at this rate?
Mr t
asimple
fact, gp partners in a general practice are not salaried!!!
they draw cash monthly and are taxed on annual profits, so if a practice profits for 2022/23 are 800k and there are 4 full time partners in that practice the profit per partner is 200k each partner.
they may also employ salaried gp's, these costs are shown as wage costs, which are deducted before ending up with the 800k profits!!!
believe me i know and it ****es me off!!!
mr t
Asimple
I'm not sure where you get these figures from, but I can assure you that GP's in my area in a 3- 6 partner practice earn circa 200 _ 400k per annum profits. That's fact!!!
Mr T
Asimple,
I agree WFH may suit some smaller business, the majority however need to be in the office or on site in my very strong opinion. You need to interact with other people to learn and discover things about the work you are involved in. Being away from colleagues is silly and unproductive? you may be logged on, but, are you concentrating on what you are doing, No
Certainly judging the Public Sector this is the case as most things now take an age to sort out, try ringing HMRC!!!! try asking them to visit business sites as they did and should? oh no they are at home wanting you to do all the work for them?
As for the NHS that is a disaster area, GP's are now lazy and get paid extortionate amounts of money, some now clocking up partnership profits in excess of £400K per Annum, I should know I deal with these people!
So good luck if it suits you to do as you please with your business, the Public Sector however are there to serve the Public, not sit at home eating hobnobs all day every day? the clue is in the title, Public!
Mr T
Nether,
Interesting last night on GB News in Barnsley, audience asked who would vote Tory, no hands, Labour, no hands!!! now it could be it was a skewed audience?? but I believe the next election turnout will be dreadful!!!
Both main parties are fixated with spending, nannying and net zero nonsense, that is why the UK is such a state?
I cannot understand why the Tories don't just increase the tax allowances for low earners from the idiotic £12,570 (frozen to 2028!!! eh), to 15K at least, the VAT threshold from £85K to £250K to help business and new enterprise? but no they are the brain dead of politicies, they prefer high tax, high spend, now high interest rates and not a clue how to solve it?
Mr t
bline,
exactly, now there is a clamour for the government i.e. us!!! or the banks to pay their mortgages!!
can you believe this nonsense!! i struggle to comprehend why so many in the country cannot manage their own affairs without government intervention!!
remember all that working from home nonsense, furlough nonsense where people sat on their ars** for months and years on end and got paid!! the public sector never lost a penny through all of that rollocks and yet now they all think they are due a 50% pay rise ,ffs. whilst i may add still working from home eating hobnobs for the majority of the working week. here in my local city, well its a **** hole really, the council clowns are sub letting out their office space, why, because their staff with the blessing of the so called bosses are all at effin home?? same at the local hospital, many of the admin staff are still at home for part or majority of the week, planning managers!! tell me how do they do their jobs if they are not on site? i give up!
it must be an age issue, but i also think its something called commitment and common sense!
mr t
Asimpleinvestor,
Well said and accurately put. It amazes me the naivety of posters on these boards, not just on these boards I may add, all over the effin country!!! the amount of uneducated individuals is mind blowing!! they believe all spoon fed drivel from politicians as well, oh, and from all so called experts?
Remember that lockdown nonsense all at the behest of experts and idiotic politicians who struggle to rub one brain cell together!!! oh and then they broke they're own idiotic rules, why, because they didn't believe it!!!! but the sheeple and uneducated did and still do? they find it difficult to think for themselves and expect someone somewhere to pay them for their mistakes? self entitlement I think its called.
Anyway that all from me, Clon still one of the best investments for me on AIM, once those results start rolling out we will see constant rises in the sp.
Mr T
I'm not quite sure what some folk on here on banging on about!!
Yesterday Clon issued its Annual Results in a timely fashion as promised.
If we are to believe the trial results will be Q3, then what is the problem, Q3 commences July 2023, so in a week or so!!! I think I will allow time for Clon to nail the results in a positive fashion rather than rush and leave everyone guessing as to whether the process fully works?
Patience is required, unfortunately not something possessed by many aim traders or investors?
Looking forward to excellent results and updates in Q3, not long is it really?
Mr T
Watching,
You appear to "flip flop" with your theories!
You, this just one example of many,
Some of us have £5k -10 -20 k in this
"Sit and wait patiently and don’t block the bb with verbal rubbish x"
Then today you infer, "drop like a stone", which is it? do you know?
I think you need to keep a record of your musing and stick to one or tother plan me old mucker!!!! stop confusing everyone!
Mr T
Watching,
Do me a favour, Royal Ascot this week, can you reel off the winners each day please, now that would be interesting!!!
Mr T
Beaky,
No I am not Mr Triumph posting over there? I use advfn rarely but have a different user name, not posted on there for many a year. I will have to take a look at that see what's going on?
Take all of your points, agreed, Bird is maybe not the man he was, he is getting on!! but he has vast experience and contacts galore. I suggest if anyone can get Hope Gorob over the line it is Bird.
As someone pointed out here maybe Churchouse is being lined up as his successor , I suspect this may be the case but only when Hope is mining.
Mr T
Beaky,
"You have been ringing the bell for this company for what seems like over decade now. Are you not ready to accept that shareholders ie small pi`s are not at the forefront of the BOD`s mind? It`s a shocking chart with nothing for long term holders but year on year on salaries for the CEO and BOD members. Where`s the hope?"
That's very impressive for someone with a history of 14 posts to have been around these boards for a decade! well done.
For the record, and as I stated the other day, I have been here roughly 2-3 years, so we can agree, nowhere close to a decade!
Yes we know that Pi's get a raw deal, with that information maybe no private investors should invest in the Wild West stockmarket, AKA, AIM! but we do, including you I might add.
A shocking chart you say, where is your evidence of this please, can you post on here so we can all share.
Looking at todays news it is apparent that PI's are not the only fools in here or anywhere else on the AIM market, Sanderson have agreed to cash in at .08P and 0.13p in the future so there lies the Hope!!!
I still believe this can be a winner, not for the ones who have been here 10yrs plus though, but the ones who have invested in more recent times, I have grown frustrated over the past few months through lack of news on all fronts, but I haven't yet thrown the towel in!!
Mr T
Bit,
All of the charges and interest is being covered by shares issues and warrants.
I'm not too sure where the figures quoted arise, ie .08p and 0.13p for conversion, obviously these must have come from somewhere and just not invented.
I assume therefore looking ahead the news should start to improve, this is the only way the sp will move up, is it not!
So for me a glimmer of hope!!!
Mr T
At least some news, although I think most knew this would happen.
Good to see warrants and other issues well ahead of today's silly price, also more bigging up the potential of Hope Gorob, but more shares in issue and no further facility!!
Obviously Sanderson can be assured the potential with Hope still exists. Now we need to see and hear more about that potential through consistent RNS's to get the sp off the floor.
Mr T
silver, noted.
bottom drawed!!!!
is that why we had to stump up cash for them to sit on their ****s, doing diddly!!!
that was very decent of us. perhaps mankayan is being run by the uk public sector, that would then make sense!
still, see no reason not to update bzt shareholders quarterly and i note nobody has come up with one sound reason so far, fir not doing so.
mr t