Member Info for myfirstmillion

Quack-a-day loves the sound of his own voice too much. I'd say completely self absorbed but he's actually more obsessed with CB and trying as hard as he can to discredit him. It's funny how obsessive some people can become when they lose a bit of money through their own investment decisions. If you can't take the loss Quack-a-day you should never have been investing in the first place. It's the stock market It's risky. If you don't like it go buy some premium bonds zzzzzzz

7.65p was initial resistance before the big move to 12.5p then on the way back down it acted as support on several occasions so it's no surprise to see it once again giving a little bit of resistance but the overall trend looks good. 50 DMA is above the 200 DMA and price is above both. We've been steadily moving up from the lows and creating higher lows on the weekly chart. With today's 8p intraday price we also created a new short term higher high. The indicators aren't overheated so I'd expect us to move up and push through with a close above 7.65p this week maybe even tomorrow.

This time next year Rodders we'll be millwionaires!

Yep still at it smiller I see. I'll see you on the UFO and GGP threads to help folks there the way you're trying to help them here :) Honestly I'm just trying to understand

Purely from a TA perspective I'm expecting 9p this coming week. Might then retrace again and disappear up it's own a*** or may kick on if we receive favourable news but that's the price I'm expecting this coming week.

Prospector, to engage with derampers is complete folly. It is exactly what they want. It gives oxygen to there specious arguments. Also it is obvious from their posts that they will never be persuaded, they're not open to persuasion all they're interested in is personal attacks on CB and searching every avenue and angle to try and come up with negatives. You have one who has had a personal vendetta against CB for years and another who openly admits he doesn't own any shares and won't buy in. If you want to engage with them go right ahead but I won't waste my time with people that have those kind of agendas.

I think the more pertinent question is are you both sane? The answer clearly is no.

Wow some really desperate posting here today from Quackadoo and Smiegel. Neither holds, barmy!

Yes the damage was done years ago but still his attitude hasn't changed wrt keeping shareholders properly informed and promoting the company satisfactorily. It's all well and good saying now it's all about the PFS but what happens if we don't have the funds to finish it? Or we finish it and still no one is interested? Then we have a shareprice at rock bottom with the prospect of another catastrophic raise that would finish most LTH's off for good. So in short to answer your question I want more openess, more engagement, more accountability, no more stupid comments like the value event that hasn't materialized 6 months later or the 'other options for funding' and then they went and raised. Own goals both of them as was the **** up that was the scoping study some years back. All avoidable. Finally I want LR to are about the shareprice because it does matter despite what he believes. It matters for sentiment, it matters because a rising shareprice brings in fresh investors, it matters when things don't quite go to plan and you have to fundraise. So I want them to promote the company better and finally I want LR and any other directors to buy some shares. Then they can keep repeating the mantra that the sharepricee doesn't matter and see how that feels 4 years down the line and 86% down!

I think we've already had several catastrophic sell-offs, the market cap is £3.81m for how much value in situ? They say it can always go lower but much lower and we'll disappear up our own a*** hole!

Another catastrophic sell off and we could probably all club together and buy the company ourselves lol I'd love to do that and then say to LR here's your end game mate and here's ya severance cheque we'll take it from here and we do care about the shareprice! Byeeeeeeee!

Two things that would immediately help here are firstly being told yes we have enough money to finish the PFS, that is an area of doubt and needs to be cleared up. Secondly some sort of timescale for the aforementioned PFS, might be trickier because of Covid delays but surely a ballpark date could be pencilled in. There's too much uncertainty around this company and that's one thing the market hates although all my stocks have been marked down lately anyway so it is a sector issue but we look even weaker within a poorly performing sector. Not caring about the shareprice and playing the long game were his stated method of operating but that doesn't mean that we shouldn't have clarity about whether the PFS is now fully funded after over a year of doubt and a rough timetable to completion of it.

Do you think any 'new investors' reading your last post would be encouraged to buy or discouraged Moagi?

To me at least the answer is obvious and I find that a very strange post from someone that a) purports to hold shares in the company b) has been locked in here for years and c) presumably as a holder wants the price to rise.

It is your posts not the managements rns releases that are seen as overwhelmingly disingenuous because no sane holder in their right mind would post so negatively about the company after being locked in for so many years and the price being at current bargain basement levels.

You can't trundle out the oft used excuse of 'warning others' I'm sorry that just doesn't wash in fact it's laughable mate.

Everyone who invests does so to make money not spend their entire lives keyboard bashing like some 21st century Robin Hood do-gooder!

No, you have an agenda here and have had for as long as I've been invested and apparently from several years before that.

Always downplaying the positives and highlighting and over-playing the negatives or trying to spin a positive into a negative. If you think anyone on here, even the most casual observer doesn't know what you're up to you're completely deluded.

It's obvious that you must work for or run a competitor company hence the bitterness and driven nature of a negative campaign that has lasted what now? 5 years? Maybe even longer. No one does that unless they have a serious axe to grind and perhaps still holds out the tiniest flicker of hope that their company too might one day get a piece of the Botswanan power pie.

I think you actually believe that TLOU has stolen what should rightfully be yours. I'm afraid that too is completely delusional but if that is the case then I suspect you will be here for the rest of your life typing through embittered fingers and dreaming of what might have been if only TLOU hadn't taken what should have been yours, reminds me of Gollum from Lord of the Rings and 'the precious' unfortunately it was never yours to begin with.

Botswana has a large natural CBM resource and someone through entrepreneurship and tenacity will exploit it but it won't be Sekaname or Kalahari Energy not in my lifetime...

You're right Moagi but so are the other side. The same rns you allude to goes on to say...

"The above is a statement of the Board's current intentions as at the date of this announcement. However, Shareholders should note that, as with any budget, the allocation of funds set out above may change depending on a number of factors, including the outcome of operational and development activities, regulatory developments, market and general economic conditions and environmental factors. In light of this, the Board reserves the right to alter the way the funds are applied."

It is there in black and white. Not receiving the full PPA award can definitely come under that definition. We didn't get it so the board decided to hold fire on construction of the poles and wires. Yes it smarts a bit because we all thought we were off to the races but you can't argue with a clause that is clearly there and leaves the door open to pretty much do with the funds as they pleased. We never took too much notice at the time because we latched onto the idea that they would just crack on without considering that they may be a bit canny with the money should the situation warrant it.

Most seem to think the situation did warrant a change of course and I have to agree. It seems the sensible thing to wait and put the onus and pressure back on the government whilst consolidating our cash position during a very turbulent time.

Either way it seems a bit of a stretch to say the management were disengenuous to me. They put the clause in presumably just in case such a situation arose. They obviously have learnt to anticipate delays now just like you keep telling us, so maybe you should be applauding there foresight?

Anyway hopefully all this is just academic now as the PPA seems tantalisingly close ;)

"I do fear the sycophants will return when there's a lift in the SP."

Ironic then that your post was so sycophantic.

If anything it was those constantly knocking the shareprice day in day out here that have gone over the top. I haven't seen day in day out ramping, far from it. I've seen people with a level of enthusiasm commensurate with the prospects and they must have those prospects or posters like yourself, badger, levi and Gregpeck wouldn't be invested in the first place.

No what we witnessed was a concerted effort by several posters across multiple bulletin boards to knock this day in day out and the moment reporting of certain over the top posts to the FCA was mentioned those posts practically stopped dead in their tracks.

No one here is blind to the shareprice performance or the problem now with ASH but we are profitable and our production has increased each year. I think this final quarter of 2021 will determine the price trajectory for much of next year. Lots of news due some of it that could see a nice uplift in the shareprice if it is positive and for those that think that too 'rampy' I'll state that of course if the news doesn't go our way then we could end up back at the lows.

As for the comment about being bullied on this thread that is utterly ridiculous. There were many days here when the negative posts and outright bashing of the management reached fever pitch and outnumbered anything positive posted by 10 to 1.

It looks as though we would have had to stump up £500,000 to renew the licence which we clearly don't have and would have been majorly diluted. Now we have to pay £90,000 while IDM renew and develop it from what I can make out. As you say moonglow we keep 27.5% of a large tier one asset that should get developed for us. This seems like a decent deal to me. We'll have revenue coming soon enough from our jv so let them get on with developing Mankayan.

Yep, either they were not as good as the handheld monitor said or they were very good and CB is being canny and not disclosing then just yet for some reason or Covid has held things up or there was some problem with the tests and they're having to be redone. Take your pick.

smiller why you feel the need to comment here every day I have no idea. You're not invested so don't worry about it, let those invested worry about progress. Concentrate on stocks you actually own or you may miss something in those.

I can't imagine commenting every day in a negative way about another company I don't own any shares in. First off it's just plain weird and secondly it's rude and would obviously be likely to cause offence to those who are invested. You have to be some sort of **** to know that and still go ahead and do it everyday anyway.

Should have read 'the football manager analogy'

Don't think the football manager is very good Brad. If TLOU were a football club we'd have been through half a dozen managers by now at least!

If you can't buy at the NMS put in a complaint to the FCA. The market makers are supposed to be there to create an orderly market and afaik are obligated to trade the NMS at the quoted price.