Member Info for oldbutnowisa

I saw that too but sadly the market says otherwise right now. Some believe the Board are frustrated (as are we!) and have informally invited bids. Meantime I am long enough in tooth to know better than sell out which would, of course, be approx a fortnight before the fun arrives! Good luck all other smallholder here!

I own 1.2 million of these babes and attended the last AGM.

10 Directors and low capitalisation. I suspect very small amount in public hands. Sharply rising SP will not surprise.

Don't count on anything here happening fast. I suspect the suspension will not be lifted for many months. Will be glad to be proved wrong though.

Here is why I expect with a decent amount of good news that we might also get a capital consolidation and a Placing::

We only exist at present because our Board have used their own funds to keep our company afloat. They will want at least some of this to be returned and the company is not yet making regular and substantial profits, That is probably around a year away with a following wind. As a mining investment company it is more appropriate to have fewer more weighty shares. Hence my belief that grounds exist for a consolidation and a Placing. May or may not happen now and not necessarily a bad thing.

Have our Joint CEs driven off into the sunset then?

.....Incanthera, he started to remind me of that other Tim, viz Nicebutdim. I still hope he can turn out as Tim Channelswim,

but beginning to have my doubts!

....big RNS after the hols including consolidation and Placing.

Shortly to hit £5. Firm hold. Would not be surprised if there are talks with Saffron BS, which is one of very few still independent, leading to a possible merger, but that is only my uninformed view.

Mr Gilmartin was a little surprised this morning to receive in the post a letter personally addressed to him from the Chief Executive of a very well respected London Recruitment Consultancy inviting him to telephone because his name had been suggested to fill an important international post. He could not resist the temptation to dial up. After the essential introductions he was advised that the post was at a significant Qatari-owned London establishment. This really piqued Ken's interest. You can imagine his surprised when he discovered it was actually a restaurant. 'There must be some mistake' said our Ken. 'I think not' came the reply. We have been advised of your expertise at cooking the books,

I have one or two ideas. Must happen soon because Sara has tainted the existing name of the company.

5

Puretech should do is get independent top notch advice as to how to extract maximum shareholder value from their activities. The cost will be money ell spent. For what it's worth, I consider Seaport should be made ready to be floated (only say 30% thereof) . This would put a tangible value on the 70% held by PureTech.

....There will be a .fair amount of expensive drinking in a certain London bar between selected company execs and the odd accountant from a well known firm on the day before Woods' accounts are signed off!!!!

I am with you on this, James Oxford. My expectation is that the Board (or most of them) will resign when the critical Deloittes report appears and that one or more bidders will then think about throwing their hats in the ring. The new Board will take their time and, depending on the mathematics, interest rates etc, might just opt to raise the necessary cash, probably with a Placing and Open Offer. If I am still alive then, I shall worry about it at that stage. Reckon we could be waiting suspended for at least a year.

FOCUS4 has just posted that the Kuhmo 1 licence extension is now through, No RNS but if true, perhaps the co are waiting until they have the details of drilling commencement in place? News like that from our BoD might just cause some excitement.

Don't look at the Fundamentals! I hold well over a million but this is all about what is happening and what is announced.

Like most others here, I have to be hopeful for the next RNS and the one after, to completely transform these Fundamentals and produce the proverbial 'transformation'.

Kentio - you need to look further as to what the company is doing to improve the miserable performance. This is not guaranteed to improve the dividend but it should - as well as the SP hopefully!

...look very sound. Pleased to have finally bought and expect regular news about preparations for expansion. Dividend seems safe even when work starts on second gold mine which they own, but they may opt to take on some borrowings if they are offered decent terms. Hopefully the second mine will start producing in about 18 months. Just hope the gold price continues to stay strong.

Pokerchips - your reasoning seems sensible. I hold here but not huge sum involved. Waiting for last day before suspension and if SP dips to single figures would be an argument for chucking in a few more risk bucks. My strong suspicion is that there will be a new BoD and either a rights issue or a higher offer after the Deloittes Report appears. Just need strong nerves!

Medjed - your post is simplistic and the situation here is not as simple as your post! Punters know that this quote is being suspended shortly and that the suspension means they lose the ability to sell for an indefinite period. You are not stupid,are you? So you know that too. So you are an outright deramper, aiming to buy back here at the last possible moment and make a killing. Go boil your head.