Member Info for pablo2

spot on and theoretically the share should start life @ around 45p. Anyway, don't like it, I'm out. GL All - made some good money here and there's probably loads more to be made. See you all around or maybe here again one day.

1) I hate share consolidations, they always seem to provide more downside. 2) Why is everyone leaving the Board? - JS & JS etc?

I asked him to clarify what we had disposed of in the Mar 3rd RNS, and also to comment on the Crater Mountain prospect we've sold. He replied : "Our announcement refers to a part of the Morobe prospect. Newmont are surrendering the other parts as they come up for renewal, and so far there has been no interest in any of the other areas. I think you will see that there have been a long list of encouraging, or better, releases from Gold Anomaly/Crater Mountain. We haven’t changed our view that the disposal was the right thing for us to do. You may be proved right, and we may be proved wrong over the next year or two, but I don’t think that has happened yet. Best wishes Tony Tony Shearer tony@tonyshearer.com --------------------------------------------------- So, we've given up a part of Morobe for this 3% net smelter royalty and may or may not get anything from this or indeed when we dispose of other parts of Morobe. I put forward the view that we might have been hasty disposing of our Crater Mountain interest(which was 8% free carry) to which he still thinks they may be proved right in that it's not workable I suppose. ----------------------------------------------------- £3 - 4k buying today has sent us up 17% - long may it continue, but fear it's just trading shenanigans - in/out shake it all about.

on Elm ST! You've now got Elliot Ness (well Noss really) v. Freddie Krueger Dream team or Nightmare on Elm St.?

I've just asked Tony Shearer if the PNG disposal is part of the Morobe Newmont JV area. Will update later on this. Looks like we'll get the Crater A$200,000 unfortunately, 'cause although cash might be nice, the project has always looked a good 'un to me.

Tengri will have £3.5m cash to pursue it's exploration/development, plus whatever cash we already have. A company with zero cash is not much use so Robust are chipping this in. There isn't really any changing hands in the sense that we might appear to be purchasing something with £27m. The relatively small amount of my shares to you and O & W's millions is a red herring. I am a little miffed at tetchy old git's attitude and if I were in either of your shoes I would be more than a little worried by this outcome of soon being heavily invested in an explorer in the Krygyz you knew nothing about until last Monday. Anyway, good luck to you both, as 'tetchy' said we're all after the same thing and we'll all have to wait for more information from the circular and to see how things develop when Tengri is born ,which I'm sure it will be.

I have to thank you for interesting me in this share. Thanks. It was only meant to be a short stay but, unlike shares where I feel compelled to stay to get back my losses, I'm staying of my own free will, I'm libero.

You are definitely getting good at your predictions, though you haven't published the lottery numbers yet ! I am a Spanish waiter working in an Italian restaurant, so I speaky the Italian. Actually, none of that's true but I am as clever as Wikipedia and Google combined, therefore I know the meaning of everything.

He could not give any further information than was in the RNS only confirmed that MEN would in the circular seek shareholder approval of the deal and re-apply to join Aim. No money is changing hands. By my reckonings, if 87.3% of the new shares is worth £27m, then 12.7% is worth £3.93m. However, our current market cap is £5.61m. This doesn't fill me with glee, although I'm glad I only have a small holding, so I've nothing to worry about. Think I might pick up a couple of million cheap shares when we relist - or do I really want to put that much money into an unknown?

You're a genius, it's official, especially if you give me the lottery numbers for Saturday. Anyway, you're obviously a 'Free' spirit like your name.

Thanks too for your thoughts - I think I've forced O & W's hand and he's dispensed some wisdom which we needed, as, yes, these RTO's, and particularly this one, are not easy to fathom. I remember another one I was in and the bb spent months trying to get their heads around 'no money' changing hands and billions of shares being issued then.

I thank you for your contribution and insights. You have helped explain a lot which I was gradually, painfully coming to grips with. I am still waiting for the Nomad to ring back to confirm things. I realise you have a strong background in these dealings and thank you for your experience. How are others to learn? - surely with small investments and a lot of work fathoming out how things work in finance. My holding may well be small here but I like trying to get to grips with things I don't fully understand. I am glad you have joined the debate as clearly I was looking for someone with experience to point us the right way. Sometimes your tone, though, is not very pleasant.

http://www.robustresources.com.au/i/pdf/asx/MediaRelease-25Feb2014.pdf Reading this, we're just taking over their Krygyz operations to allow them to concentrate on Indonesia, their speciality. We issue all these shares and the company - Mentum to be renamed Tengri - will have about £4m in cash sufficient for 12 months exploration/development. Robust is selling these resources for a 'scrip' which is a debt, so, presumably, we will owe Robust £27m and no-one has said how or when this debt will be paid. Not sure about that. On the other hand Robust will own : "Following completion of the Acquisition, it is expected that ROL will own 87.3 per cent. of the enlarged issued share capital of MEN." AND : "One of the consequences of this transaction is that Mentum will benefit from the interest of Robust's top quality investors to our shareholder register, supplemented by a world-class management team. " Perhaps all these 4 billion odd shares we're issuing will simply be distributed to current ROL shareholders pro-rata??? Not sure about all the technicalities of the deal and feel I'll have to speak to the Nomad.

Not sure I get the deal yet - we get £3.5m in cash and where does that go? not sure about that. We issue billions of shares worth £27m. ROL goes on Aim as Tengri. Probable massive consolidation which is always put out as 'sensible' and 'doesn't change anything', but always results in greater downside for the share price which it soon finds (that's my experience of consolidations - been in at least 5). Anyway, will chat again soon and maybe I'll ring the company too - by the way I've only got 60k shares!!

You and I are in some good companies - do think this is worth holding for more.

Thanks for thoughts. What about the basic thing though - is there any money involved in creating 4,695,652,174 shares? Don't think there is myself. Take your point about Directors keeping shares - perhaps they will, but it sounds as if 'job done, we're off'. If these shares came out of suspension today and without consolidation, they would surely be at around 0.575p, wouldn't they? So, after all the hype of our great team finding a company to do an RTO number on, wouldn't we, the humble pi, have been better waiting until they'd done it and then buy in then if we fancied it? i.e. we've been all brought in on the hype and we're all going to lose money short term.

We are going to issue 4,695,652,174 shares @ 0.575p to generate £27m to buy ROL. (Add this to the current 680,040,000 share gives a total of 5,375,692,174 or nearly 5.5 billion shares) Just trying to get my head around this - we are, presumably, getting institutions to stump up this money? No, I don't think we are. ROL will become MEN and then change to 'Tengri Resources'. All our top guys 'Charles, Shahed and I(Peter Moss)...... will be stepping down if shareholders approve the transaction' - so they're off, and not to the Krygyz. So what are ROL getting out of this? - a listing on Aim? What are we at MEN getting out of this? - an exploration company in the Krygyz (personally I've already got one of those that I really like - Chaarat), 5.5 billion shares in issue, so what will they do forthwith? - consolidate @ at least 1/100. When we resume trading(forgetting about consolidation) are we not going to inevitably start life again very near 0.575p, therefore a 30% drop in the sp from 0.82p? Fundamentally we may have found a beauty in ROL - don't know, I haven't studied. What I'm trying to understand is what will happen with this RTO, and why are our Big Boys all off?

investegate,co.uk - click on Aim

It was indeed me who said 'Big Buys' and they certainly aren't huge but, as Walia says, there have been considerable buys in the last week, some as large as 1.8m. However, I remember this share from old - lot of buying gets it going and then.......dump. The same purchaser gets rid of most of them at a small profit. e.g. today we're suddenly getting a few 250,000 dumps after the rise. Anyway, Walia, do keep up the good work and I, as many other disgruntled long-termers, do hope for something from Newcrest or at Morobe : "Morobe The company is in advanced discussions with another junior company with a view to taking an interest in one of the licence areas." Interesting stuff published on your www.asiaminer.com about Crater Mountain - I always thought that had big potential but Fraser always poo-poohed it, saying Gold Anomaly were rattling on about how big it was but it would cost a fortune to extract. I was trying to find the article you presumably linked to on 17th Feb, but I can't find any TPJ articles on there - can you find the article again?

Indeed something does appear to be happening and there have been some big Buys going through and certainly quite a few today. This can be a leaky ship - perhaps there is news coming, (or is it mere speculation?) (With regards Crater Mountain, I see from the Jan 22nd update, we've not yet received from Escrow the $200,000 - maybe we could get our 8% stake back instead?)