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My guess is the drop is down to the spread betters and free app traders but the MM will release their hold and £9.70 by end of day 🤣🤣🤣

Cue gold price ticker tape Rayski with his stuck record

James you left off the last part of the sentence “there can be no guarantee that Eurasia will enter into binding agreements” which is interesting because based on Harvard research between 70 and 90% of all M & A discussions fail with the company or assets never being sold.

Oh James as for “often takes longer than that” the average timeframe is 6 months to a year. Source Harvard Business University. So being generous at least 7 months, possibly 13 months before the war you so kindly informed me about.

James “You think” well that’s ok then we can all relax knowing you think, sarcasm the lowest form of wit usually administered by the lowest form of intelligence.

James are you aware that we entered formal sale process 19 months before said war, sarcasm really doesn’t suit you

Stretch directors holdings mean nothing if it’s not viable to mine and we can’t get the sell over the line.

Palladium Has decreased in value, other asset values doesn’t match mining prices.

No update since hopeful by end of year.

We don’t know status of negotiations.

We entered formal sale process 3 years and 9 months ago, with numerous inbound enquiries, what happened to put off all those interested parties?

I bought back in at 3p hoping to catch a pump unfortunately the SP dropped instead. What are we waiting for? Possibly a buyer who is prepared to mothball or mine and store until values catch up with costs.

Rayski let me make this as simple as possible, my comment was not about the share price. 2022 it cost more than twice what it is worth unprocessed (there is a cost to processing) to get it out of the ground, have any metal values more than doubled since 2022? The price of gold since 1968 is inconsequential. It’s increases since 2022 that matter, at present prices it just isn’t viable to mine.

Rayski, I suggest you log on to Companies House and look at our accounts for 2022, we made a loss of £7.2 mil and mined unprocessed concentrate with a gross value of £3 mil. Offset the value of the unprocessed concentrate and our actual loss was £4.2 mil based on 2022 values. Prices have to more than double from 2022 values for mining to be viable. Palladium has dropped approx half its value, gold is no way near double 2022 prices. The maths just don’t work out.

Rayski, you keep posting about gold prices increasing, doesn’t that make you question why we haven’t been able to sell the concentrate?

Dietch,

I have to disagree with you, it’s not calling out a comment it’s calling out a pattern of behaviour by a poster. Sharebel is a serial loser, wrong on 8 other shares all of which have substantially reduced their SP, gone bust or been suspended since the comments. Sharebel has now been proven wrong twice on our SP and his predictions. All this whilst calling out anyone who questions his claims accusing them of being spread betters or free app traders. Sharebel is a danger to anyone foolish enough to invest based on comments on a board and with a consistent record of being wrong really isn’t helping the SP.

Sharebel, WHERE ARE YOU?

What happened to 1.8p by lunch time?

Sharebel thank you for sharing your insightful knowledge with us. A couple of weeks ago you were telling us poor fools how it was going to break 1.60 by the end of the day, that didn’t happen! Now 1.80 by lunch time and 2 by close of trade, that’s from an armchair expert who from his posting history has touted 8 companies all of whom have subsequently dropped in value, been suspended or gone bust since his recommendations. That should show you all what his IMHO is actually worth.

So Sharebel we entered the formal sale process 3 years and 9 months ago, what’s changed for it to finally be coming soon?

Rayski, Warren buffet was he the bloke who invented finger plate serve yourself meals? Oh no that was Fred buffet. Warren Buffet was talking about market crashes not an individual company. Stock markets always recover whereas individual companies rarely do, and it helps if you have several bil in your back pocket to keep you going until the recover happens.

Copl trading suspended great example Rayski, a simple question Rayski almost four years and not sold Why? Other than it’s not yet viable

Stretch we also know from the 2022 accounts filed at Companies House that we made a £7.2 mil loss mining product with a gross value of £3 mil, that’s before the product is transported and processed. We will sale at some point but how long will it take for the value of the product to catch up with operating costs? Iris in there interests so do you ever wonder why itstakeb almost four years to sale the assets?

Wasn’t Sharebel going on recently about how it was about to break 1.60 and keeps wittering on about spreadbetters when he hasn’t a clue who is who and ends every post with imho. Last time we tried getting the stuff out of the ground it cost almost as much as it was worth.

Then there’s Rayski who keeps posing the same nonsense on an almost daily basis.

Bill I agree with Rayski on the gold price, bought back into PAF mid Jan at 15p and now at 22p but if the gold price is so important to us here why doesn’t the market recognise that and the SP reflect that value?

Not posted here previously but totally agree brigg definitely one of my best shares. Bought in during the pandemic hoping for gains once travel opened up again on the back of all those passports that hadn’t been renewed during the pandemic.

Thought it would be a nice profit and move on, but decided to stay, nice dividend I’m 88% up and have been as much as 97% up. Very optimistic and can’t see any reason to not be.