Member Info for RachT2

"50%+ rise this week", "Just watch. Big big snapback rally." These gems where also from Techguru, and posted on the WBI board last week - since when the price has continued to fall. They are a bottom feeder posting BS, take a look at the other wild predictions they make (almost daily) on other boards. All in an attempt to ramp, seduce gullible punters and flip before moving on to their next target. Be careful of their BS

Exactly 1 YEAR ago today (following a fund raise) we were told that “the total number of Ordinary Shares in issue will be 1,346,030,794 with voting rights. Today we are told (following acquisition of only 24% of HV) that that figure has exploded to 3,924,323,275. Way to go boys - you're doing a great job of enhancing shareholder value, increasing share count nearly 3 fold within ONE YEAR. Oh, and that doesn't include other addition shares they may issue to reach the full 49% of HV; nor does it include any other shares yet to be issued at subsequent fund raises - let's not kid ourselves that Greenswitch is going to be an instant cash cow - if ever. Still, with all the freebies they've granted themselves RM seems to have managed to retain / increase his percentage holding - fancy that. LOL.

Thank you for your reply - it's as eloquent, well constructed and insightful as your usual posts - quality. LOL. I see the vast majority of your input on this board is just to be rude to me - and I'm wasting my time? LOL.

Of course, RM had the same 'respected journals and financial institutions' eating out of his hand when he was bigging up Dundas - you might be impressed by that but then I'd expect nothing less of you. Anyway - good luck with your investing - I think you'll need it.

Filtered - you are nothing more than a rude, ignorant specimen who adds absolutely NOTHING to the information on this board or to my decision as to when I choose to invest / sell shares in 80M.

Thanks for your input Ashton. I am left with some doubts I hope you can address.

On 19/12/24 we are told that the placing of 555,555,555 new shares was to help fund an acquisition of "up to 49% stake in HV". On the 13/1/25 we are told that 80M is actually going to acquiring less than half of that stake - only 24% of HV. So what of the missing 25%?

Had 80M acquired the entire 49% stake initially advised we were also informed that they would be required to find another £6.05m after 12 months (and before 2 years) to retain Greenswitch. It now appears that in addition to the £6.05m they also need to find funding to acquire the remaing 25% they haven't acquired in the initial deal. Did anyone raise this at the meeting or are you aware of how / where the missing 25% is to be funded / acquired?

I do hope they're not pinning all of their hopes on the chances of receiving a possible grant - which will only be granted for a specific project and not general funding. I also hope they're not relying on production to proceed unimpeded and to be instantly profitable,

Well there we have today's laugh, in fact 2 in the same post - my thanks to Sandyman, whose amusing style and BS also appears on the WBI board. That board should make you smile.

'Might be the bottom before a quick rise to above 1p.'

'We might even see today as the last chance to get in.'

Pigs at the trough again I see. No regard to shareholder value. Same old BoD. Still, some rampers will try to put a positive spin on it. Unbelievable.

Continued.

Why should that change in the current global situation?

Trump will NOT be getting Greenland - in fact, he won't be getting the Panama Canal either - he's another one full of BS. His threat of tariffs will be watered down too!

Ashton will report from the AGM - interesting times ahead. Money to be made on the usual peaks and troughs of this story share. Good luck all.

Just catching up as been busy looking at some great bond opportunities. I see we have the usual comedians / rampers / BSers appearing again - if you want a laugh take a look at Techguru and Amy's post on the WBI board today (a company now insolvent and almost certainly about to wipe out all shareholders value as it today lost its banking facility, will soon be suspended and will probably enter administration). Despite this they are professing such things as - 'This is going to multibag in the weeks ahead' and 'Turnaround starts today'. They have spouted similar rubbish and claimed buys for the last few days / weeks while the SP dropped like a stone. As usual they were curt in their replies to anyone disagreeing with their narrative - identical tricks on EVERY board they write on, including this one. Their posts should be seen as a red flags.

Ashton is again being rather selective in his grovelling praise / appraisal of RM. RM's tenure saw the SP drop from a high of 26.1 down to 5.8p and share dilution of around 200%+. Share dilution has accelerated exponentially since his return. Although even that performance is better than some companies that have been under his tenure. Before he resigned he sold out millions of shares (without making the legally required notice that he had done so) and made himself a mint. RE inherited the basket case left behind by RM. Looks like RE's call that Dundas was uneconomic was correct, despite ridicule from some on this board. Ashton himself now confirms that a new MRE will be required as Dundas IS NOT economical feasible in the position that RM left it. So 3 - 4 years of RM's promises / assurances were utterly worthless. Scrap it off the beaches - don't think so. 80M is where it is today because RM has been the driving force for many years - don't try to blame it on RE.

So what are my predictions going forward.

Greenswitch will not put any money into 80m's coffers for years - if ever. 80M must find $6.05m to pay HV within the next 2 years as well as funding all it's many other projects.

80M will have at least one more fund raise, during Q2 at the very latest. They said in September they had enough cash for 12 months - well they need to fund an apparent drill of Disko by Q2 / Q3 and that won't be cheap.

Personally I don't think Disko will be drilled this year - or any drilling will be a token gesture. The meeting with Kobold was completed months ago and insider dealing followed immediately after - so no price sensitive factors were agreed. Why not drill at the start of the season? Why admit to leaving it until the end of the season? The drills are there and ready to go - looks to me like Kobold is distracted / not interested, particularly if 80M is unable to fund it's share of the costs.

There will be no asset sale of any significant value - we have been told of ongoing conversations regarding asset sales for years and told to expect news imminently - yet zilch has occured. Continued ..........

Thanks Ashton, I knew you couldn't stay away 😃 You've obviously done a lot of research in the last few days - even I am thinking this may represent a turning point for 80M and it's SP. There's likely to be money made should a spike occur. I still don't understand (will we ever know?) just why HV should chose 80M as a recipient of their business and nor do I understand why an apparently valuable asset has been sold off so cheaply. If it's so valuable HV could surely have sold it for far more. I think that those expecting any income / profit from Greenswitch to fund Disco etc etc are being over optimistic - at the very best monies from Greenswitch (if they ever materialise) will not become available for many many months, if not years. 80M are committed to paying another £6.05m to HV before any profits are available. The much promoted Gov.t grant of up to €10m is just that - anywhere from €0 - 10m. I am unable to find ANY such grants being available that doesn't consist of a large proportion of it being a loan, and a requirement that it is to be spent on a defined / agreed 'green' project. So that money cannot be considered as cash to be used however 80M may wish. So we are back to finding funds for Disco, which apparently is to proceed at the back end of the drilling season, despite drilling equipment apparently being freely available on Greenland. Oberon are buying in (probably on behalf of a 3rd party), just maybe some institutional interest is materialising and funds might be available through such channels - but, of course, they'll want their pound of flesh. We still don't know what level of drilling is expected at Disco, it looks like the BoD don't yet know either. I do hope it's not a piffling token gesture, that would surely be detrimental to any prevailing SP.

Yep, 2025 is here. What cash are you referring to Amy? You make it sound like they're rolling in the stuff, the reality is far from that. ALL the cash they have is already spent / earmarked for bills. The recent raise is to buy a stake in HV, the rest is to fund ongoing expenses, licence renewals and minor works. So on top of all the already huge expenses they need to find to fund the many projects they repeatedly talk about they have NO money to meet their recently acquired obligation to hand over ANOTHER £6.05m to HV within the next 2 years (if they wish to retain Greenswitch) and little / no money to fund their share of any drilling at Disko. You do remember these matters and that they must meet 50% of the drill costs for Disko right?

Will Disko now be drilled in 2025? I think we can all agree that without such a drill the BoD of 80m are quite likely to be regarded even less favourably than they are now, if that's possible. Ashton has told us -"'The RNS made it clear that if 80M wants to drill Disko, the drilling equipment has to be secured by no later than December preceding the drilling season." As we've heard no news of drilling equipment being secured there can be 3 options

The initial RNS stating that equipment had to be secured by the preceding December was inaccurate. That won't be a first ;-)

The equipment has been secured but we've not been told. Unlikely?

There will be no drilling at Disko in 2025. Ouch!

I think / hope that 1. is the most likely and that (some) drilling will occur. But the curve ball of buying HV makes me wonder if the BoD are exploring any / all other available options in a desperate attempt to keep the gravy train on the go. Perhaps they know Disko isn't going to be drilled in 2025 and (despite repeated assurances) asset sales are not materialising.

Are you on commission from TMS? :-) You've posted the same / similar rubbish on 32 different company's chat boards on LSE. When I say rubbish - TMS are ramping the companies that pay to use their services - that is, pre-scripted advertorial releases dressed up as interviews. What a surprise - not! Pathetic really. One only needs to look at the price charts for all the companies that TMS promotes to get a flavour of how well they are doing. I'll give you a clue - not very well in most instances.

Radika - you'll probably not hear fromTomH again - did the same on the 80M board. Ramps it daily (occasionally multiple posts each day), tells you how many he's bought and how fantastic it will be but then disappears when the price drops and it becomes apparent that things didn't go the way he had forcast. All his efforts are now being put into EPP. Getting 2 out of 3 wrong recently I do hope his gamble on EPP works out for him, but having started to post on EPP after the recent price rise I expect it to go like 80M and MSMN.

Trust? Really? Amy, seems like you have a selective memory. It's amazing just how bias / blinkered some people are becoming. The rise in SP to 20p was primarily the result of RM relaying a constant stream of 'great' news about Dundas - ALL of which proved to be nothing more than a good example of how to issue misleading ramps and pump the SP. Many of his assurances proved to be nothing more than exaggeration and were misleading. Oh, and let's not forget the following dump. Looks like it's proving a lot harder to ramp the SP this time around - fresh news of helium, hydrogen, hydrocarbons, gold, copper, nickel, titanium, SAP, soyabeans etc etc hasn't had the desired effect. I can't think why - I mean, the miniscule team that now make up 80M are experts in all of these highly technically challenging areas and are they are well funded to see all of their MANY projects through to profitability. NOT. Jay / 80M isn't only company to experience an SP declines of 90 - 100% in it's SP while involved with some of the BoD members of 80M. But this time it'll be different - yeah right, of course it will.

I think you'll find it makes absolutely no difference whatsoever. Why would the ramblings of a felon and madman make any difference to the SP of an outfit like 80M? What an arrogant so and so he his, to imply he can buy another country. Oh, and let's not forget the rather crucial facts that -

a) the US is already the most indebted nation in the world and

b) Greenland ain't for sale

Ashton has commented that the latest 80M shenanigans gets his blessing if - "it provides 80M with sufficient cashflow from the Ferrandina plan of Greenswitch ( https://www.greenswitch.bio ) so that the company would be self-sufficient for its broader exploration activities and avoid keep going to the market repeatedly for fresh funds."

That would indeed be great BUT 80M has to find another £6.05m within 2 years of the acquisition of the first 49% of HV to buy the remaining 51% (of HV). If it doesn't do so it will almost certainly loose ownership of Greenswitch. I don't think Greenswitch is throwing off that type of cash - if it were HV would have either retained it or been able to sell it for a LOT more money than 80M are paying for it. That being the case - where is 80M going to get that £6.05 AS WELL AS the huge amounts it needs for other projects (eg Disko) and money to just keep the lights on? More fund raises is my guess.

'seriously some of the **** posted' - couldn't of said it better myself Napthman - someone keeps stating 'follow the crumbs.....' (with absolutely NO useful insight or comment) on virtually ever board they post on (and that's a lot of posts) however the respective company is performing. Pathetic attempt at a ramp.

'In the meantime, I have taken the decision not to post here anymore until we have an announcement that Disko will be drilled in 2025.'

That's not the usual confident tone that we expect from you Ashton. In fact it sounds rather downbeat. There's no mention the usual "I'm 100% confident………". Although I am not surprised, I'd imagine your confidence in anything the 80M BoD may tell you must of taken a bit of a bashing following this latest debacle / curve ball - I believe you were as surprised / shocked as the rest of us.

You are obviously also surprised at the lack of news regarding Disko drill. I do hope Disko is drilled in 2025 - but (as I've previously said) I expect it to be at a much reduced level of activity. Like pretty much everyone here I am struggling to comprehend why there has been no news as yet - you have told us the crucial meeting with Kobold was undertaken quite some time ago and that matters were progressing. Yet on the other hand you have also told us that the organizing of equipment must be completed before the end of December, and there's no sign of that having been undertaken. There was also insider dealing shortly after that meeting - suggesting that nothing noteworthy or price sensitive resulted from that meeting, which is obviously quite concerning.

As you and I expect; a fund raise will follow news of Disko drilling - yet we only had (another) fund raise yesterday (and those proceeds aren't earmarked for Disko) - how soon after that one will 80M get away with asking for yet more cash?

Anyway - don't concern yourself with replying, enjoy your break from posting - after all it might only last a matter of days; or it could be much much longer! Have a great Christmas and a prosperous New Year.

Correction - sorry PAP payment should read BETWEEN €2.5m and €4.1m by mid 2027

Whoa, this is looking very dodgy or am I misunderstanding things here? Always a possibility :-)

So 80M is buying a share of Hydrogen Valley (HV) to get its hands on the Greenswitch owned facility in Italy. BUT, the ownership of Greenswitch is in question - HV have to stump up a payment (Primary Acquisition Payment - PAP) of €2.5m and €4.1m by mid 2027 or ownership of the facility reverts to the previous owners of Greenswitch. But, we are further told that

Hydrogen Valley does not currently have the funds to make all the Primary Acquisition Payments but in the event 80M completes the acquisition of a 100% interest in Hydrogen Valley, as set out in this announcement, the monies provided will ensure Hydrogen Valley can make all the Primary Acquisition Payments. If 80M does not acquire a 100% interest in Hydrogen Valley, and/or if Hydrogen Valley cannot source any other funding, THERE CAN BE NO GUARANTEE THAT 80M's INTEREST IN THE GREENSWITCH PROJECT WILL BE MAINTAINED.

So unless 80M can find the funds to acquire the remaining 51% of HV then it will NOT own Greenswitch and have wasted the money from this fund raise. The ownership of Greenswitch was so lucrative for HV (not) that it doesn't have the money to pay the PAP; what makes the BoD of 80M think Greenswitch will miraculously be throwing off enough cash to enable payment of the PAP?

Why are HV selling it to an under funded outfit like 80M? Desperation? If Greenswitch's opportunities are as good as 80M make out then HV would surely retain ownership or seek out a larger better funded company to purchase Greenswitch? Surely other companies in the field would be aware of the sale? Did nobody else want it or was nobody else actually informed / invited to tender? Am I the only one that thinks this is very very strange?

Kerching - there's the fund raise I predicted would occur in 2024 and yet another appreciable DILUTION. It has though surprised even me as (unfortunately for all holders) it didn't occur in quite the same scenario I was hoping for - I expected it to accompany good news about Disko and for it to be for a much larger amount to fund drilling. Ashton was extremely confident there wouldn't be a fund raise in 2024 - well, looks like he's been led astray yet again by the BoD, surprise surprise. Let's hope his confidence about a substantive drilling at Disko isn't similarly misplaced. Are we to now expect yet another fund raise soon to help fund Disko? Looks like it if drilling does go ahead - they've no other money in the kitty. Unless of course drilling doesn't go ahead in 2025, which is looking increasingly likely. I hope I'm wrong though.

Still at least the talk of "downstream" interest now makes sense - nothing to do with Jameson, oh no, let's buy an Italian biofuel producer instead. We, and the copious amount of staff we have, (LOL) are experts in that area - NOT.

I'm very pleased I didn't accept Ashton's little wager (see post below) - a lot of people would miss the endless stream of those ever confident and optimistic posts

Rach - Here is a challenge to test our convictions. Before I spell out the challenge, I want to state our positions:

1. You have predicted that there would be an equity fundraise in 2024.

2. I have predicted that there would not be an equity fundraise in 2024.

Do you have the guts and confidence to put your prediction to the test? If you are, here is the challenge. The person who gets their prediction wrong ​agrees to stop posting here after 31 December 2024. I have the guts and confidence to accept the challenge. Are you? Please give me a simple answer: "Yes, I accept the challenge" or "No, I don't accept the challenge". We can then move on and let 31 December 2024 do the talking.