Member Info for PureAU

Well Zioc rise has only just started in my opinion, that could be 50 to 100p in months, was planning to shift funds from here to there on signing but hey, do things ever go as planned. Do you remember ATC from years back or ALO from last year, was in both, still am. Good examples of what can go wrong on Aim minning stocks. Aim stock very risky to hold long term.

No, that sell was not from 13.59, sell price was about 1.33 at that time. No I don't know what could happen over the next year or two, no one does. But sitting on a share waiting for a possible buyout, thats wishfull thinking, just remember they could just as easily go bust to. But hey not here to shatter your dreams. I have bought a few useless shares over the years so know what its like. Just trying to help people out stop them getting trapped in a share. Remember it was me that warned people on 1st August that they may have a couple months to wait for signing, not the board.

and look two more late sells, 2 million sell at 16:59.02 for 1.28

Reall, in 9 months time, come on. You have been in this share to long. Just wishful thinking. Remember your here to make money. Yes two big buys today, but when the spread was so tight as it was today, they could easily make some money if the share price had gone up even slightly. Note there have been no holding RNS in years, no one is building up shares here. This share price might rise a little on news of ratification and give a few more people the chance to get out. But cannot see any other news coming that will give the share price a major boost, just the opposite, more placings over the next year. Today they said they can start to engage with potential partners for the longer-term. Key words start and long term. There are better opportunites to make some money on Aim than watching this share price drop over the next 9 months.

Knock, knock, Reall time to step back into reality, Despite all todays buys, probably people averaging down, share price is, as I pointed out earlier still falling. This is Aim, there is no logic to the way share price moves, but you can usually bet the price is going to drop when they do a placing.

Note my post got delete about the boards honesty and my prediction of the share price going down.

Tozerk, your wrong. Unfortunately I do hold shares in this company. Haddad79 its only speeding up the cash burn.

With $3.2 million undrawn from the $4.0 million second Hudson loan and $2.5 million cash reported in the bank account last interim, why do placing now? why not use some more of the Hudson loan if they really needed the money now? They claim:- "The proceeds of the Placing will be applied to advance the completion of the feasibility study on the proposed Ferronickel sub-project and for FY2018 working capital requirements. Approximately 60% of the work required to obtain feasibility study results has been completed and paid for and the remaining work is estimated to require a relatively small proportion of the funds raised. The Company expects to conclude the feasibility study by November 2018 at the latest in line with its obligations under the recently signed Addendum to its Mining Convention." They say proceeds to advance the completion of the feasibility study, yet still give the same date November 2018 for completion, Thats not an advance. they also say "remaining work is estimated to require a relatively small proportion of the funds raised", thats for work nearly a year from now. So whats the large amount of the proceeds going to be used for?

In the corporate update on 8th June, they said "The remaining funds available under this loan are now expected to provide working capital through to the end of June 2018.", yet 23rd November and we have another placing for �1.5million. And lets not forget the "in the coming weeks." statement they made about the recent signing that took 4 months. How can we believe anything the board say now? And then say "On behalf of the Board, I sincerely thank our existing shareholders" What are the board really spending the Millions on? seems like they are just playing a mug's game. Time to make some more board changes again.

Northcoattiger just making things up, last week said its going to rocket and would not sell for less than 32p. Yesterday he claims he sold 200k. He has no clue. Just wait for company update, should get one end of December.

The price of Nickel has been rising since August low and a few days ago was at this years highest level. A high Nickel price is a good thing for BZM. Yet no effect on share price.

NB. None of the current board of Directors hold any shares at all in BZM. You would think they would been keen to have a few shares while its still at this low price, but as yet they don't seem interested. Now that the Mining Convention has been signed it would be good to see them buying some share and other holders increasing there share holding.

Only 4 trades and up 33.33%, this share moves so quick, Year end results due any time now.