Member Info for R1CHARDO

@ star786 - I hope you are correct. Looking at your posting history you have been spot on with the timings of the last few announcements, except you were 4 hours late today, or were you referring to Newfoundland time? ;-)
GLA
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@prickly - thanks for the update. Not worrying but wondering....

Announced on 4th May 2021 with a 6 month time limit. No RNS that I can see saying it has been extended.
3rd May was a UK Bank Holiday implying the Agreement was signed 30th April. Six months is up on 29th October.
I may be barking up the wrong tree but should we be expecting an update this week?
DYOR
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"Me too. Exposing rampers and trolls is a great way to spend a dull Autumn morning !!"

How on earth can you claim J4ams is a ramper or a troll for bringing to our attention the US$ 592 million in ground value of Troulli as claimed via Kevin Hornsby and Phil Carrol? (By the way please note it's only one 'l' if we need to correct each other's typos).

To me it's an interesting figure come from a site visit by two investors knowledgeable about mining, and as I said before I'm grateful to J4ams for providing the link. If you don't like the figure take it up with Hornsby or Carrol, or the geologists who they claim made it?

It may be that CMRS is concerned about the potential leaks of these sorts of figures via Share Talk and, so I'm told, Twitter because there was an interesting sentence in today's RNS:

"Assay results are fundamental to growing and ambitious natural resources development companies such as Caerus and the current lengthy lead times between sample dispatch and the delivery of results from the certified laboratory puts pressure on us to keep Shareholders informed."

In my experience this could be NOMAD speak for "we are concerned that data which could affect the SP has leaked"

DYOR
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"The Traders Cafe Sunday Roast on 19th September makes no reference to a valuation USD 592,000,000. Where do you get this drivel from ?"
Listen from 6 mins into the podcast 592 million USD is the figure mentioned relating to Troulli by Kevin Hornsby.
Keep digging your hole and insulting me, as it just shows what a desperate little troll you are. Loving it.

"Get your facts right. Zak Mir was not involved in the site visit. Just Hornsby and Carroll. Pathetic or what ?"
I never said Zak Mir was involved with the site visit! Why have you made up another lie?

"You would not happen to work for a certain London Broker would you ? A denial would be interesting but do think carefully before you do so. "
Not me mate. I retired aged 49 some 17 years ago. Always worked in industry, but I do know the value of discussions with those on the coal face, especially involving alcohol.
Why don't you listen to the Sunday Roast before digging yourself into a deep hole?

@minehound if you bother to read J4ams posting history you will clearly see he supplied the link to the source of the USD 592,000,000 claim of in ground Cu and Ag minerals made by the geologists working on our Troulli site. The figure is quoted by Kevin Hornsby, who together with Phil Carrol visited Troulli in the week beginning 13th September 2021, and reported their discussions with the geologists and Martyn Churchouse on Traders Cafe Sunday Roast on 19th September.
J4ams deserves no criticism for drawing our attention to the link, and in fact went out of his way to say it's speculation, unsupported etc.
@ minehound if you bother to read J4ams posting history you will see he has never posted anything about chesterfield so you made a false conclusion that he has any involvement there. I wonder why?
@ minehound looking at your posting history it is pretty uninspiring, contributing nothing of value to the CMRS discussion, you just seem to be a troll picking on other posters who do their research and bring value to other posters and viewers of the boards.
I have no idea whether Kevin Hornsby or Phil Carrol made up their figures following their trip to Cyprus and Troulli, one of them posts on here, so he might wish to enlighten us, but we can all make up our own mind about what they said.
I very much support J4ams and all other posters who bring to my attention news and comments about any company I invest in, and I have no time at all for posters who want to close down discussions or insult contributors who may not share your particular view of a share. Shame on you.

Thanks J4ams for revealing your source. For a moment I thought you might just be ramping ;-)
GLA
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If this is the Mr Andrew Regan (of Corvus Capital) referred to in the RNS, then its worth reading about his past on Wiki.
The Serious Fraud Office doesn't bring charges lightly...
Of course it could be a different Andrew Regan... DYOR
GLA
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We have had one offer and the BoD has thrown in the towel claiming the headwinds the company faces and the difficultly raising funds in London means it's better to cut and run for them (some having sold at £25 previously).
Vista may have got themselves a bargain, or a pile of pooh, but BP is still small beer, perhaps too small to interest the big boys.
Whilst the market is pricing in a slightly higher offer, the talk of £18 plus looks wide of the market. I have invested on and off in this company for years and only ever lost money, so I'm out. (The price will now rocket lol!)
GLA
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I was wondering the same, which suggests the market is expecting a higher bid or an increased bid from Vista.
I would have expected the SP to be less than £11 if the market though this bid would succeed.
GLA
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Time Extension I suspect but hope I am wrong.
GLA
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Let's not forget that the SP hit over £25 when I recall some of the management sold a percentage of their holdings. So some investors will still be under water. I only broke even yesterday at £12.

To me there are three share prices which matter:
The price of the initial bid.
The price of the final bid.
The price if there is no bid or the bid fails.

Also the eventual bidder might offer shares in addition to cash or no cash at all. Gives those underwater a chance to recoup their losses if they believe the bidder can grow this faster.

Time will tell but the 50% jump in the last week shows just how out of touch the London market is with the US.

GLA
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@joatman a good question....
RNS suggests two suitors in that it says offers not offer, and also each of the two has to put up or shut up by 28th September under the Takeover Code.
I wonder if the two are stalking horses for someone bigger, or the BoD are getting desperate to get attention in the US? Time will tell....

@ Anders - very grateful for the update and very best wishes for the new house.
Reassuring to know the SP was depressed because of a genuine seller rather than by all the nonsense spouted by both the rampers and derampers.
GLTA sensible holders....

The ability for Directors to allot shares up to an agreed limit is ENTIRELY normal and routine across the majority of Companies. It really is a non-issue.
The contents of the Circular, the Notice of the EGM and its timing is perhaps more interesting and the Board has given us a reason as to why.
What is also interesting is how little our clique of rampers understand about shares, allotments, placings, rights issues and FSPs. Rather indicates to me that they are somewhat wet behind the ears.
One ramper tells us the chance of no sale is only 1%. If that is correct then the SP would be much nearer the sale price - or perhaps it is!
Roll on Monday and the return of the sensible knowledgeable posters.

As Evan3020 says it's standard stuff and one can surmise all weekend as to the timing and need to hold an EGM, rather than wait for the AGM which could be 6+ months away.
However what would be good is for a JV, or partial sale, or a substantial placing to take place which would put a value on our company. The last small placing was at 22p (£667,000,000) and the last share transfer at 29p (£880,000,000).
It would be good to see valuations north of these figures. Until then it's all speculation.
GLA
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@ J4ams - Great post. Very well put and a very refreshing change from the usual rampers and derampers spouting their uniformed garbage or spamming the board with endless copy and paste of years old RNSs.
Keep it up!
GLAGH
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now 6.25% up

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