Member Info for oldskool

K3. We agree on some things and disagree on others. this is no bad thing. I recall when I began investing, it was investing (FTSE 350 and above). AIM is not so much about investing, it is heading towards gambling and you try to move the odds in your favour. My issue is the ambiguous RNS's, MM's verbal diarrhoea, missed timelines (by months , years could be used), and general fluff. Also, there are a number of individuals that quote numbers as fact, or at least imply they are fact when they are not. That $94 one for instance. What? We have no idea if this number will be reached, and it most definitely wont be anytime soon. Equally it may be less, winner winner chicken dinner. We don't know. Some new investors wade into the markets without a clue. I guess I did with AIM. I thought, yes FTSE...done...nice...lets try AIM. Different beast in many ways. I have had to learn and relearn. Taking emotion out is the most difficult. AIM really is for trading 10-20% is the order of the day. So , new investors can pick up things from BB. For some idiots it is all they pick up, and so they either get lucky or burned. Most are horribly burned. It helps to add some reality. Some will call it moaning, groaning, trolling blah blah blah. Others will call it investigative, contrary, questioning, revisiting doubts and so on. There has clearly been an element of trolling here in the past. Actually trolling doesn't bother me, it is the pump and dump crews that we need to watch for. They cause far more harm in my eyes. I don't think we are pulling in 250k and I don't think, if we are, that it covers our costs right now. I think the market agrees. The SP is where it is because of this. 12 months ago today? Pretty much the same SP. Why? Despite all the progress, and there has been huge progress (massive). Fear of cash calls? WLFE, now ORM problems. MM and his mouth? Falling Tungsten price? General market jitters? Trumpy and co? The market wants the money in to be and more than the money going out. This will ease nerves.
Will the gold add something? I am not sure now. Big numbers please, that would help.
Yes, I would expect some serious claw back from Allmineral.
On another note, especially for Troajan, anyone in IRR? Seems to have hit bottom and lots of good news?

K3. Ohhh, I am confident that the market is not confident in there not being another placing or cash call. I said cash call, not placing. You introduced the word placing. I said guises, not placing. Even MM gets that wrong eh K3? Even you get that wrong K3. I did too. I never said interest either. Do we have an overdraft? We do, of course we do. I never mentioned interest. I mentioned debt. I said it is racking up. Increasing by the day. More going out than coming in, is my suspicion and to be expected. Does 250k (Euros) cover all our costs at the end of every month, bearing in mind MM takes over 20k before he has even pi%%ed in a pot? However you try to dress it up K3, the interest is being accrued. The longer it takes for WRES to be pumping out the refined dirt, day in day out, the greater the debt. Now I am referring to the interest.

No. Every day, all day. From the information available I am basing my continued investment, although reduced but still more than many on that list, that more money is going out than coming in. The going out includes interest accrual until MM tells me otherwise. Hence, my concern is a further cash call in one guise or another.

Devil. I think the Q4 omission is a clerical error (it would be the first now would it). It is the ambiguity that I annoys me. Debt is debt, and it is racking up. Lets get some production numbers up on the board and see what it then looks like. APT prices continue their slide. Come on Mr Trump, your crew must have now closed their shorts and bought what they need for the next uplift.

Ner....if Ms Lagarde the convicted fraudster (i suspect the average Joe would have been imprisioned) can get away without being re-education and now head the European Bank then I should be ok.

No need...it is in Troajans bit on the thread (BOD).

K3....please show me where you state directors? I cant find that.

Just a couple....1/7/16 Issue of Equity - Performance shares. 27/9/17 Shares issued to ICD Alloys (a sweetener me thinks)
Troajan. Please do not do the strawman bit. I am not saying anything about the BOD and rewards merely questioning K3s point. Further, if the rate is so great why is there chatter about refinancing...because the rate is crap (even if it was the best option) and dont forget the 5% dilution still to come and the still unknown (unless I missed it) PIK.

K3. Is Jaf correct though? That is question.

Further more you said in response to Inky 'Complete nonsense. Every share was bought in placings. Every warrant was given in placings'.

What about share issues and issue of equity in the form of performance shares? Where do they sit? They were not purchased and nor were they warrants.

Do they? You talk of the few that comment and have held for a long time. Confirmation bias rules the day. You seem to have ommited the many that have come and gone in the same time frame. Equally what about those that aren't invested and why aren't they invested or investing right now? Volume anyone?

ANGS. Bad times K3. All been there. Keep'em peeled.

Mbleu. Do you talk back to yourself in the mirror? You have just contradicted yourself. Your last sentence is exactly what I was saying. MM's manipulate the system to their advantage and thereby make money. We play in that system. Can you manipulate the system? No, you can't, (subject to the usual caveats - buying/selling power and being 'inside') so you are therefore at a disadvantage.

No, you are wrong. The system is perfect, just not for PI's. The system is designed to make MM's money...and they do. You need to look through the telescope the otherway around.

K3. Woodford was over exposed. 24 months ago he sh$t gold. Now? The names your provide are just names. The market doesnt care about names. It doesnt care. Woodford made himself rich, very rich. Others....well...hopefully investors read the news. Some just suffer confirmation bias. MM, he has diluted his own holding. His wife holding has been diluted. Oh, she did have those medical expenses. Yeah right, of course she did. Why even tell the market that? Does a man of means like MM not have private medical care as is the norm for Austrailians.

K3. My reply was to 2cv. Who quoted me. You chose to take that out of context. I was merely stating that as it stands means just that...now. He referred to our present ii buying in, that is historical. II's talk K3. I know they do. A good project does not need selling nor shares selling at a discount. It sells itself. Would you like me to name a few that have bought in at a premium, no need there are lots? Why did we need them K3? We were fully funded and under budget, were we not? In terms of investment in AIM, yes over 100k in an AIM is, in my book over exposed (GIT I thought you had filtered me....grow up). Many will agree. Some will not. Why people are going on about wealth is pathetic. I haven't mentioned anything about wealth. I couldnt give a crap how much your worth is or isn't. Only that having a 100k in AIM is over exposed for many. Risk reward ratio is each to there own. How many TR1's had Mr Woodford had? He has released a few in the last few weeks...all on the way down. The point being is that dont mean a thing. Gladiators can swing their di#ks all day long...meaningless. Much like my scuba diver scenario...the amount of shocking divers I know that will turn up having done a few Mickey Mouse warm water dives, but have huge great knives strapped to their calves. WTF are you expecting? Jaws? Topic tip...avoid the idiots, theyll risk your health. The bends ain't much fun and blood is green at once you get down. It is merely peacocking. Maybe our ii is waiting to get out...they have form for it. Let's see what happens if this hits 0.6....oh yes all of those warrants. Yet again it is the same small group defending MM. In the years passed people have come and gone, several got fed up with the cheer leaders. The very same cheer leaders. What is the SP? Where will it be? What are we producing? FID is useless. Data is sh%t now. New presentation...school boy errors. Will it come good...who knows. A punt this has now become. For those with big numbers, you could make significant amounts of money. Stop clocks are right twice a day and the market frequently stays irrational longer than many stay solvent. Let's hope the trade war ends....tungsten price graph anyone for the last 3 months?

Yes as it stands. The sentence is quite precise. No ambiguity. Our present ii invested a while ago, therefore historical. MM twirled PIs to get that through. Unless you have averaged down, you were diluted by it. Tell me how that feels? Did you benefit from our ii joining in? I bet they are well happy with their investment hey 2cv. You do realise that iis talk to one another. Do you seriously think Mitton are selling this success story to their mates? How would they sell it when there is a grey cloud called cash flow hovering around. Maybe I missed something.

Starter. Ignore GIT. He loves a straw man argument. Possibly over exposed to this share too, so he has to see the good in everything MM does. Remember there will be SP changing news before the AGM. Errrrr....hmmmm.... I wonder how many investors in BP have been on a rig? By GITs logic, anyone that has slept on a bed should pile into EVE. Such expertise would make the investment an absolute winner. Squillionaires me thinks. Yeah right. What is going to drive this SP in the near future other than some good gold, and I am even beginning to think that that is now priced in. All this chat about ii's is bollxx. No ii will touch this as it stands. Cash calls are still a real and present risk.

A puppy with two Peters.

This is, potentially, a significant step towards real numbers and real money. The market needs to see numbers as WLFE, and now ORM, have not helped matters in the highly sexy industry that is tungsten mining. So hot, and so sexy.

K3....hhhhhmmmmmm indeed. See my post just before 3pm. I intimated just that.