Member Info for MrTriumph

"Final point to make is that the SP will not stabilise until the Cobre issue is resolved and the market will keep using it as an excuse to keep the SP suppressed. DYOR"
Sammy, exactl,y until this is accepted by investors and management then we will be where we are or lower.

Mr T

Morning all,
I have not posted here for sometime but I still hold my shares and am extremely dissapointed ith the sp performance during 2018. I have said before and will reitertate my point, until the cobre situation is resolved then this is where we will be. I also said that funds will be required especially if the Cobre cash flow is interupted at any point so I was not surprised by today's statement. The fact remains though that the sp continues to drift which will mean a possible raise at the lower end of the sp, the market is awre and will be looking to maximise any returns for potential investors who may participate in a raise!
Therefore I am fairly uneasy at the moment of how things may start panning out, Ive alway been a huge supporter of SML and the board but I think that we need some positive action certainly in respect of Cobre which I believe will then drive the sp higher. This will then negate and inflate the sp for a future fund raising excercise? simple economics really!!

Mr T

Morning
Am I corect in seeing some buy's this am?? or are these sells disguised as buys? anyone?
Anyway I have to say the interview by JW was certainly precise to the point and extremely bullish. One word of warning though, don't ever mention sp targets in interviews!!! one of my other long term holdings the CEO is an excellent chap and runs the business extremely well. The one thing he did do which didn't go down well in the market was to start targeting sp milestones in the future, and to suggest the market had the sp undervalued? Ever since that the sp has continued to slide? although there other issues at play with one of the aspects of the current trading position within the company, as I have always thought! but nevertheless the fact remains CEO's attempting to target share prices can backfire!!
I think INFA is possibly one of the safest shares to invest in currently on aim, and I also believe it could be another SXX, not as big but a solid UK investment opportunity which should grow month on month, slowly but surely. No targets from me though!!

Mr T

Setanta,
I take you points and generally concur.
However I have to ask, why do the mm's want the sp lower or a lid kept on it. Ive heard this all before on other shares I'm in but I don't know whether or not it is true. The mm's provide a market, if the sp suddenly spiked to , let's say 1.5p in a morning, the volume would be huge because it would attract the herd and everyone else looking for a quck buck!! the mm's would certainly be shifting huge chunks of stock and ensuring they had a cut of the huge amount of money involved. As it is the volume is low most day's and by keeping a lid on the sp barely attracts any new money to the table and certainly helps the sellers with no patience to offload.
So is there another reason for supressing the sp? I can usually come up with one but here I can't think of one at the minute? There may be a placing in the distance? but I would think it will not be below the current level! The only point I can put forward is because the EU are involved is it the Brexit situation? ie uncertainty?
Anyone else care to comment?

Mr T

and any doubts surrounding most RNS' will be played on by the mm's ie this am they took advantage by dropping the sp to silly levels but on the whole all that did was attract buyers! including my sneaky small top up. A no brainer here imo, we may not see huge gains in the immediate future but I expect a slow steady rise and rerate in the coming months. Sit tight and keep your patience.

Mr T

Spud,
Nicely summarised imo, and the point regarding traders is bang on!

I expect more newsflow together with some press coverage in the coming weeks and I believe this will rerate slowly towards 1p minimum, I would much prefer this than a sudden spike followed by the inevitable fall. The only danger lurking around the corner not just for Infa but markets in general is what outcome is forthcoming over the brexit malarchy!! markets may suffer some jitters if a deal is voted down as the UK will then be in unchartered waters!

Mr T

Snow,
Someone seems to be offloading here in chunks, also appears that the selling started post today's RNS?? very strange behaviour indeed. If someone is intent on offloading then there will be downward pressure on the sp until they cease or until more buyers come onboard. This appears to be a very good investment opportunity but then again AIM doesn't attract investors only day traders, punters and people looking for the next quick buck in a nano second.
Considering the superb newsflow of late I'm amazed that we are still below 1p!!! Expecting a serious rerate sooner rather than later here.

Mr T

No!
More like mm's picking up some cheap stock before our next move northwards, probably finish flat.

Mr T

Not what was expected, all about shares for fees? Little bit of dilution but negligible.
Roll on the proper news and rerate to follow, fingers and tootsies crossed!
Mr T

Hello the infamous 1 trade at 13.53 value 1p!!!!!

RNS anyone?

Mr T

Thechukkers
"less than 10mil market cap is truly ridiculous here"

Not only that but a lot lot less than £10M!! I wouldn't blink if the current m/cap were £50M! that's still cheap imo.

Mr T

Unbelievably poor performance in the sp today, I know under usual circumstances after a rise during the week then Friday's tend to be profit taking day's. However the rise here was a one day event following a continual drop over recent weeks. I cannot believe this project is valued at a measley 6 mill!!! is that right?
Normal circumstances on aim would suggest we would have had a bigger rise yesterday with the news release, at least 30 - 50% then maybe a small pullback today!. However we have not in my opinion had any value added here for months following mostly positive updates. Goodness only knows where we would be if we had in face received the dreaded "delay" included within any RNS' recently. I do take the view that small rises are in fact preferential to large spikes and then inevitable fall backs as I said last night but I did expect us to push on today with more of the same.
Maybe we need some rampers aboard here to consistently post ramping posts day after day to move this forward.
Heres a ramp for you, currently the valuation here is £6M yes I know £6M, considering a few months back we were heading for the 80's then I now believe we should be north of 1p minimum if not more. Then we would only have a m/cap of £10M yes £10M goodness me!!
The directors stated back in April how undervalued they believed we were, we have barely moved since then? consider that with all the positive newsflow!!
Come on rampers let's get to work and drive this forward lol desparate time call for desprate measures!!!

Mr T

Goose,
I appreciate what you say, I do however believe we will see a sustained rise here which in my opinion is far better than sudden spikes and then drops. I would like to see more press coverage of the project over the coming weeks, small article in today's Mail is good for starters but more is required.

Mr T

Absolutely superb news today, the mention of "blue chip" should excite the market and finally get this juggernaut moving. Its been a particular disappointing time for INFA recently with the sp falling despite good news and director support. I hope the sp now starts to show some movement higher at least back to the .70's and possibly the 80's before the next raft of news.
Good lick to ALT holders, I'm sure we will all be rewarded in time.

Mr T

Tidd,
"it’s a hot topic at government level"
God help us then because everything this government touches turns into a complete and utter disaster!!!! it's like they are framed in a permanent Brian Rix comedy routine!!
They must the most incompetant government certainly in my living memory!!
Lets hope they steer well clear other than to provide some financial assistance!!! lol

Mr T

Look who is number 44!!!

Mr T
http://www.pumpedordumped.com/rampchecker/rampchecktopramper.php

Significant Transaction After the Quarter
On September 10, 2018, the Company completed a non-brokered private placement of US$2.0 million with Newmont Mining Corporation (NYSE: NEM) and an exploration agreement with venture option with Newmont Colombia S.A.S., a wholly-owned subsidiary of Newmont, for the Anzá exploration property in Colombia. The Exploration and Option Agreement includes a three-phase earn-in structure allowing Newmont to earn up to a 75% ownership interest in the Anzá Project by spending a minimum of US$30 million in qualifying expenditures over twelve years, completing an NI 43-101 compliant feasibility study and making cash payments to Orosur equaling a total of US$4.0 million over Phases 1 and 2. Newmont purchased 29,213,186 common shares at a price of C$0.091 per share for aggregate proceeds of US$2.0 million which includes the initial advance of US$250,000 previously announced on July 10, 2018. Newmont now holds 19.9% of the share capital of the Company.

Spot on Mr P,
The question that anyone needs to ask themselves is this, If OMI were going bust why on earth would Newmont buy up shares at a cost to themselves, and at a premium to the market price at the time, when in all likelihood if said posters were anywhere near correct, they (Newmont) could pick the whole shooting match up for peanuts during a fire sale following the collapse of the company??? Would Newmont really get hooked up with a company going bust? really?
Answers on a post card please, only sensible ones and with a smidgen of reality and accuracy.

I think certain posters need to attend accountancy courses to fully understand accounts compilation and to fully grasp the concept of consolidated accounts!!! and subsidiaries

Mr T

About bloo** time as well, this should be moving higher now or at least back into the 70's. No brainer!!

No sudden rises though just a nice steady rising sp from now until December will do nicely thus starting to show some added value to the project.

Mr T

Trout,
If you care to trawl through my posts on here you will note I have been here since the .0037p day's hence in profit still.

I made a mistake in not cashing some out at 3.5p or thereabouts, I have added also along the way as I did think we would be at least over 2p by the end of 2018 if not more. However we have had one or two blips along the way, being Cobre and the raise for LC. My thinking was that SML could be as good as an investment as SXX was in it's early day's and I thought the bod were straight and the business looked as if it had legs. We had Cobre as the cash cow, then we had some exciting exploration prospects both in the UK and Australia both safe havens unlike anything in Africa!!! Things have changed slightly one is not the bod's fault, one however may be. The jury is stil out!!
I will leave it there for now.

Mr T