Member Info for quindell

Bit of volume here...

MCAP!! This is simply because of the lack of news flow and people loosing interest, the fact of the matter is we have the cash so no need for dilution and I agree that JIm & Co need to completely take their salary in shares to restore investor faith because it’s been over 2 months since the last update and that is the longest in this companies history if I’m not mistaken!!

So quiet?! It’s like I’m the only fool here :-)

There are emails and numbers at the bottom of the RNS's

To buy up to 2.5m shares, cheaper then Primark

Indeed - very likely Mankayan will be sold and Eureka JV'd out. Buy low, sell high is the strategy looking at the current share price.

Destitute - you are bitter after making a loss and so continue to try and bash this to make yourself feel better about yourself. The fact of the matter is we have cash, the drilling we did was super cheap and should not have impacted the SP in the way it did. 1 RNS and we should rebound strongly.

You are right - this company has never been the one to capitalise on a strong share price to raise cash - they only do so when it is needed (which they obv should raise funds for a rainy day whenever possible) this is a double edged sword - investors usually hate when a company does a placing on the back of a strong SP, but the reality is its a very wise thing to do indeed! You are right they should have secured the farm in whilst they used this cash to continue operations, BUT with interest in other projects it is the right decision to raise the cash, conserve it and get the non core assets sold. I have always found you very savvy, you mention Lepanto which is very interesting..... as I said said, someone or some entity wants it all?!

www. chatstep . com/home/room/bezant Put your nickname as you please

Randy go to www . chatstep . com /#bezant ASAP so we can have a quick chat

I can honestly say I see minimal downside at current prices and fingers crossed we realise value from Mankayan and/or Eureka and get that non dilutive funding sorted for Choco.

There is no denying it we have been pretty darn unlucky and have made some suspect decisions. I can't fault the commitment from the team, they have taken no salary for many many years, have returned the cash to shareholders (which in hindsight they should have bloody well kept) and were so close to reaping the rewards with Mankayan.. I can honestly say its very unfortunate. There seems to be a lot of far east cash about so I am pretty optimistic in all honesty about Colombia being a target for strategic minerals outside of South Africa. Another update explaining the situation and giving further details on direction should help settle nerves.

Far from it! If we had £50k cash I would agree with you but we have around our MCAP in cash!

I feel you silverknight - its simply a short term blip I can assure you, if you knew what was going on behind the scenes.... I urge you to give a member of the board a call and start questioning, there is something larger going on at play here. Keep an eye out for news flow on, how can I put it, other large Phillipine plays near ours. Their futures are greatly linked.....

With tight liquidity! The moves up and down are sharp...

Seems very tight as per usual - up to 250k shares 0.625, 500k is 0.65, then max of up to 1.5m is 0.67

2.75m buys vs 450k sells. There is an overhang but a few weeks of Circa 10m buys per day will cleanse the placing shares, and it will be like Deja Vu and let the SP off the reigns

Cash burn will be tiny - no executive salaries to pay and considering our stage in the year I would assume no other stuff like audit fee, AIM fee etc etc have all been paid for. With this team it should last 6 months I would have thought? During that time we should get at least 1 piece of company changing news if not 3!

.

Yes we do have great assets - if we had someone like Paul Johnson or David Lenigas involved in the company ramping away then we would have been at a vastly higher share price