Member Info for Pj2814

Very damning report indeed !! Totally mismanaged by Kevin and the rest . If Fujax do reinvest where do the shareholders stand ? Looking like they are trying to get the mine producing again . Anyone have any thoughts on this ?

Just wondering why Mcfirth hasn't had anything to say ? Everytime anyone posted warning about the board and the potential for this share to go belly up he jumped on them and said " all good here " well all has gone to s##t and everyone has lost their investment . I was in this to long and should have got out and taken the loss . I hope MJ , Kevin and the rest get shafted to one day !!!

It's only good for the recent investors in this share , I like many other LTH have been shafted many times over . Your constantly banging on about how this is worth many multiples is IMHO just BS . This company has done nothing except make mistakes after mistakes costing share holder thousands in the process . Nothing good here at all !!!

Here we are hoping for 2p/ 2.5p sp , has everyone forgotten that this company relisted at 10p reached a high of 11p+ then breakdowns and poor production figures have seen it spiral down to today's absolute joke of a sp . It's going to take many multiples to get mine and many other LTH average . Hopefully next RNS will have some better output for the month !

That's quite a large holding you've got there ragdoll12, about 1.5million , what's your break even point ? Given that this share has only dropped since relisting . I hold 450K + shares at the moment , break even at around 22p . Tempted to add to my holdings however the news so far hasn't been good enough. Hopefully Q4 will see the upturn that was quoted in the RNS . GLA

Sent MJ an email , his reply was Our Normad’s Guidance is that we should avoid individual discussion with shareholders outside general meetings . However as a director and long time share holder I share your frustration, The share price does not reflect the core value within the company and I can assure you that this is getting a huge amount of attention from the board . There you have it MJ IS ON IT !!! 50p by Xmas

I doubt that selling your share would treble the share price , we are a long way from the opening price on relisting . However if your happy to sell let’s see where it goes . Gla

Nothing laughable about this share since it’s return to trading . My original investment stand 62% down. Last weeks trading is down 12.6% . Weather copper price is at a premium or not this company will need to give the market some confidence in it before we see anything like its real potential reflected in the share price . Also the OO at 10p to share holders is IMO the only thing laughable!

I also have my shares with HL and received an email regarding De-listing . At present the share are pretty much untradeable , however once the company has got the Mowana deal done then they have stated that they intended to relist back on AIM . If and when this happens you'll be able to trade them again ( subject to the consolidation etc )

Unfortunately I can't make the meeting, if the opening sp is 20p then that makes a considerable difference to the 2p that some suggest earlier. However the board is starting to speculate wildly again . Let's get the deal done and see where the dust settles. I'm here for the long haul anyway . GLA

Nothing's actually happened??? Reduced by 300% my holding worth virtually nothing . The BOD still haven't got the deal over the line yet . It's going to be a long time before we see any return on our investment. The Bod are not offering any new shares to Pi , the institutions get the cream and we the long time shareholders get nothing. Let's not get to excited about anything yet !

I must agree Mcfirth , agree to the resolutions or it really will be over . At least the mines running and there is a chance that the acquisition will complete . I feel better than I did when we De-listed on the 11th . Could be a return on my investment yet . Albeit I'm going to have to be very patient

Shareholders may be aware that on 21 December 2016, Alecto Minerals plc, an African focused gold exploration and base metal development company (“Alecto”) announced its proposed acquisition of Cradle Arc, Leboam’s parent company. That transaction qualified as a reverse takeover of Alecto which, pursuant to the rules of AIM, required the suspension of Alecto’s listing while it prepared a new admission document and convened a general meeting to approve its re-admission to listing. The fundraising by Leboam depends amongst other things on continued production at the Mowana mine which requires working capital. Currently that working capital is being funded by bridge finance to Leboam from its off-take parties. Such bridge funding was to be refinanced by way of a loan from Alecto to Leboam following a capital raising undertaken by Alecto. Although Alecto’s listing on AIM has been cancelled with effect from 11 July 2017 (for further information please visit www.alectominerals.com), Alecto and Leboam are still pursuing the Alecto capital raising, albeit delayed by the cancellation of Alecto’s listing on AIM.

The frustration and speculation is growing everyday that passes and nothing from Alo as to what is actually going on . I hold a significant amount of shares in this company and would like nothing better than to see it return to trading . However the continued silence from MJ and the BOD does not bode well imo

Thank you for your email regarding Alecto Minerals. We will of course pass your feedback onto the Board. The announcement dated 5 July 2017 was released by the Company in accordance with AIM regulation and in consultation with its advisers to provide shareholders with an update on corporate activity. This was released to the market without delay. I appreciate there is a need for further information – something which the Board is cognisant of – but am afraid that at the moment the company is unable to give further clarity on timescales. The Board is committed to and focussed on proceeding with the acquisition of the Mowana Copper Mine in Botswana and the company will seek admission to trading on AIM as a new applicant as soon as possible. Further updates will be made to shareholders as soon as the Company is in a position to do so. Kind regards, Charlotte cid:image001.jpg@01D24B0A.F9FF9B00

Now that the group is up and running , has any shareholders here any experience in delisted shares . What can the group do as a collective to get MJ & BOD communicating with us . The shares delist tomorrow and still nothing from them .

I'm in and happy for you to host Harpmandoodle , thanks for taking the time . I have a considerable holding here and I don't want to just give up on it and let the BOD take our money and run !!

If a complaint was made to AIM what effect would this have on Alo ?

The Board remain firm in their belief that the Mowana Copper Mine has significant value potential, and with the mine now back in production, the completion of its acquisition would see the company transform from an explorer to a miner. Accordingly, the Board is committed to proceeding with the acquisition of the mine and the company will seek admission to trading on AIM as a new applicant as soon as possible. As I’m sure you can appreciate, with a transaction of this kind there are a number of regulatory hurdles that must be met and the Company is doing all it can to meet these in a timely manner – however some elements are out of its control / subject to approval by AIM. The potential forced insolvency process referenced in the recent RNS is a worst-case scenario basis and of course something the Board wants to avoid – indeed, the Board have a substantial shareholding in the company themselves and are fully aligned with shareholders. Further updates will be made by the Company as soon as it is in a position to do so.

Thanks royoboy I'll take a look , I've emailed Olivia again . She's out we now need to contact Madi !!! This pantomime just gets worse .