Member Info for panda1

As per the interview it's very important the company conserves cash now and reduces the running costs to a bare minimum. It's an investing company so it can be run on a shoestring.

If the investment rationale proves correct then there's a big opportunity from the current levels.

The liberation labs investment could be worth considerable more than the current market cap on its own

I think the slide is because people can see the cash won't last very long, as the company will want to participate in the funding rounds of companies it is invested in and avoid its stakes being diluted, and is worried about another fundraise. That's why I have been concerned about the large amounts paid to Shellbay. I think the rewards to Mellon and the other directors and employees should have been structured differently in order to preserve cash.

The company did a 5p placing in June 2019 so not all-time low

I think a lot of people are put off investing due to the consultancy agreement with Shellbay which results in a large regular cash outflow and dilution. The directors were clever enough to base the performance fees on Net Asset Value rather than the share price. I think this agreement needs to be amended to preserve cash and then new investors might be attracted to invest in the company

The lower the share price the more shares the Aussies get.

They will very likely sell them as quickly as they can. They only paid £28k so it's a good profit for them, especially when the licence is most likely worthless and at best just like buying a lottery ticket

Unfortunately this pattern bears all the hallmarks of a placing.

Don't get caught out this time!

The illiquidity will work in our favour if we see a decent bit of buying pressure.

I think KZG has the potential to do 100%+ in a day if we get some positive news

It's a good sign for us that Tungsten West's (TUN) shares have performed so well recently.

A bit of positive news and I think we could see a similar run for SML

I wouldn't get too excited as the 79th Group doesn't look like the sort of outfit that will have the ability to pay much for the projects

There's certainly lots of newsflow expected that has the potential to drive a big recovery in the share price from a very oversold level

I think we could be in for a decent recovery in the share price as other companies are starting to move higher from oversold levels. It would be a good time for SML to release some positive news, especially on Leigh Creek given the big rise in the copper price

RNS not showing here but Connie bought more shares in the open market

https://www.londonstockexchange.com/news-article/MYX/director-dealing/16410832

The directors seem very confident!!!

Not surprising is it given the CEO's track record. I was surprised people trusted him enough to invest in the company

Should get production news any day now as we know the FlowSort system was delivered to site recently.

It looks like a very impressive piece of kit!

LND did the strategic review at the wrong time when the gold price was depressed.

There will be much more interest now with gold breaking out to new all-time highs and producers will have lots more free cash on their balance sheets to purchase new projects

Got to be a screaming buy at such a low share price given the break out in the gold price.

The company has spent around £40 million on proving up the gold resource at BAM.

Whichever way you look at it, sub £5million market cap for an advanced gold project with a 1.5million in a safe jurisdiction has to be worth far more than that

As discussed recently the company is on the cusp of production. There is optionality over the large amount owed from the dale if the tantalum mine and the company has the full support of the new strategic shareholder whose interests are fully aligned with other shareholders

RNS confirming production should land shortly. We should see a good rally from such an oversold level once production is confirmed

Not many are mentioning that HUM raised $28million recently. Most of the funds were received during January

The Corica underperformance has dragged on for several months so the company has very likely looked at bringing in replacements