Member Info for Phillip1976

At present the best this SP can go to is .25 and that would take circum shares to be sold and the value realised.

The percentage rise looks impressive each day, that’s because the SP was practically worthless. Further significant rises will only be about 15-20%. This SP is on the rise due to the news to be announced re Zulu, so that’s now being built in to the SP.

I like a lot of LTH would love to see this keep rising at this rate, it means in a month we can finally bid goodbye to this share

Just read the RNS as I checked to see why the SP had fallen further.

So much for the no further dilution, something that he has says often and then diluted. This share can’t go any further wrong. What is the capital required for? What has he done with the money that we took the loan out for? Why loan $1.2m to another business?

If future investors are looking to invest here, please heed my advice don’t. I’ve lost close to £40k here. I’ve backed this company when it promised the jam the next day and has failed to deliver every time. The company can’t even get the $20m it was owed from the government.

GR should’ve been forced out long ago. We, as investors, have no one to blame but ourselves. Though in our defence the lies we have been told have been whoppers that Burger King would’ve been proud off

There’s been some serious buys over the last week, £1m, £800k a few times a couple of £500ks but it isn’t shifting the momentum. Shares are based on confidence and this has none. The board needs to come out with a statement re strength of share, future profits to stabilise the share.

I cannot believe it! 5 years on from promising riches through Circum he has now decided to sell the shares before it goes public? Seriously is GR having a laugh at our expense?? Circum is meant to be going public early next year and would yield more than €6.5m.

The sale to clear debts?? What debt?? The $350k loan? Why don’t we ask for the $1.2m loan back we just provided only months ago?

I laughed when I read about the buy back...sure he will do that then issue further shares. A dividend has to be given to LTH and then we can be rid of this share once and for all

The board have come out with a statement re the SP as let’s face it, it has collapsed and there’s no sign of the fall stopping. There hasn’t been a bounce since £4 and there’s been no steadying or support for the SP. This share is heading to under £2 next week if this slide continues, a year on when it was £30

What is happening to this share?? A dramatic fall in only a few months and no sign of it abating. We are now hitting record lows on a daily basis, with no sign of a bounce. This share price isn’t just responding to Brexit or the shorters. Has alll faith been lost in this share???

Every day this is hitting a new low. The shorters have this share in its grip and don’t look to be letting go off it. Some probity required around this share to start a rise

They didn’t seem to think the share price was going to fall this low.

The offer price was 15p so it’s no surprise to see the SP at this level. A poor decision made, the board cashed in on a high.

Unless there’s news coming in the next couple of months this share will slide back to 5-8p

Just read the RNS on the 8th.

So a company that is on its knees, lends $1.3m? Where did we have that money?? Was it ever declared??

I like the part in the RNS were GR states that shareholders have misunderstood the money from the Government. No GR we haven’t. It’s a worthless currency so technically we have been given nothing but a line of credit that can’t be used outside Zimbabwe

We would need to see a rise in SP for the offer to be taken up. The slow steady decline from the high only 2 weeks ago is alarming.

The share offer at 15p is basically a 33% discount on yesterday’s price and a 11p discount from 26p high only last week. This is a substantial discount.

Also increases the share capital by 44%, so diluted your holding by that automatically. Not good value to current shareholders

Which will come between 8-9.15 and sell what you can on the small rise, I expect it to go to .085, sell and watch it slide back down. I agree that we have been basically been given Monopoly money. The currency has no value to the outside world and internally the countries inflation and economy is a mess. I was hoping to see the $6m arrive and see this hit .14 so I could get about £10K out but that doesn’t look likely. I’m sorry to say, but this company is now in serious problems

Tbh I’m glad to see the company take on a loan rather further dilution. I think it shows that he expects RHA to be up and running soon so that the loan can be repaid, or that he actually expects Circum to be sold by next year. As I’ve stated before the £6m is massive for the future of this company. I would’ve expected to hear the cheque had arrived last week, but being Africa it could take a while and the loan will see us through to then.

If you are waiting on circum you will be here years. This has been talked about for 5 years! Yes re-read that, 5 years, that’s how long we have had shares in it and people have been talking about selling it. An example of this is when the SP was 3p and people were talking about it going to 5p when we should our Circum shares. Again re-read, that’s pennies not .007 of pennies but actually whole ones. Morgan Stanley was appointed a long time ago to organise Circum to be floated or to find a buyer and it was myself who said that it should’ve been completed no later than January 2019. This was on the the assumption that it would be completed within 18 months, again there’s an RNS re it. Look 3 years ago and it should be there. So the £6m is the making and breaking of this company. It badly needs the funds or it has to sell something or run up debt. If we believe in the share and assets, then the debt is the best way forward. Prove up the assets and then sell them....speculate to accumulate. GR has run out of chances and it’s time to go with voluntarily, which I doubt or be forced out by us shareholders, most probably the later. I don’t believe it will take £6m to get RHA going so some of that can be used to explore Zulu further and actually look to find a buyer for it.

Moijen I agree we do need an AGM and we need it called. Results out in a couple of weeks and the SP will take another tanking. The only thing to save this share is the $6m which like everything GR does is being dangled but never delivered

I don’t think they have the ‘ear’ of GR or the board and I have my doubts they hold over 10% holding. We are still in the same situation we are in as we were 18 months ago. RHA was working and though initially operating at a loss that wouldn’t turned round with the rise of the price of Tungsten. There was meant to be an agreement with KME re the drilling of Zulu and that was binned when the SP tanked. As for the RNS, we wanted answers on Circum and we got one. They have no idea what is going to happen to it. The choice to buy more shares was suicide and took away momentum from the SP We have to ask as shareholders where do we go now?? I think I’ll take the £40k hit and bud this share goodbye.

Low coming up! So nobody is in profit now. The $6m needs to be handed over soon or we will have to look at selling assets as I don’t believe dilution is appropriate at this level. I truly thought we would have had word this week re the monies being paid, but it doesn’t look likely and with the accounts due, it will not make for pretty reading

Back to placing price, probably be there around next week then we will see where we stand. A big month coming up

Support it

I think they are exactly the same. We already had an idea that something was up re KME and do it has been proven. Is the share price any worse off?? No. What I don’t like to see is the way Smilemore was in October and ramping this share. I’m sure like everyone he is locked in, as I don’t see how anyone can be in profit at present. GR needs to be removed, personally I think it’s too late as we are now reliant on this £6m and it would only hold up the funds. Once this arrives I think he must go, as stated I’d like to see clarification/plan for the coming year. This £6m could change the outlook of this company, but the SP will always remain low due to GR being in charge.