Member Info for Richard98

Russia has plenty of the metals required for green energy transition. One of the most remarkable things is the revolutionised air travel. This fiasco at Boeing seems to be well timed. The technology exists with green metals/Hydrogen to travel from London to Sydney in just two hours. It's not possible with fossil fuels

I really don't know what to believe. Before globalists China's proxies (USA and Russia) started the Ukraine war and deindustrialisation of Europe in 2022, the whole asset(s) thing was dragging on. The board brought this Artem fella, who's supposed to have made some $100 billion worth of sales, in June 2022 to speed up the sales process.

The company have been plagued by court cases too.

Moneys running out and I believe the company only have money available till end of Q3. Funds from the £3 million concentrate if sold, won't last long with 11 new employees at WK plus all the other costs and unexpected expenses. MT won't be even touched. Remember the board squandered £25 million or thereabouts.

I never believed until recently but I get the impression that the board are unable to sell anything and the prospective buyers will just drag all of this out till the board have to eventually do a cash raise. This cash raise will be inevitable in 2026 to keep CS and the board in their fat cat salaried jobs and their corporate lifestyles.

That's why this company is really going to the dogs.

They're just haunted with legal issues and drama

I wonder what's next?

How could anyone buy its assets if they're inunandated with legal issues and sorts of dodgy stuff

Offler

You're not invested here, so why don't you jog on elsewhere

Unfortunately you're unwilling to open your mind and senses to the reality, which is globalists in China are using their USA and Russia as proxies to destroy Europe.

Once Europe is destroyed, Russia and USA will have without doubt the largest and powerful economies in the world after China. The green metals and their demand will go through the roof.

Why do you think Boring is in turmoil?

Because Boeing will no longer be part of the future, where jet planes have already been designed to solely run on green energy metals/hydrogen instead of fossil fuel. Boring 8s going to be scrapped. These new planes can go from London to New York in just two hours.

The globalists in China and their war for Europe's destruction, and economic prosperity for both US and Russia, could destroy this company or make all shareholders here millionaire's

However, I think the totally incompetent board and CS are in the process of destroying all our investment here

Dattabase

We were due significant news regarding sale of asset (s) in January 2021. The board cited Christmas and New Year holidays for delay on progress.

Don't forget the words "shortly" and "soon"

I'm afraid I don't have faith in the board and with good reason.

Only reason why I haven't yet sold is I'm too underwater to sell.

Huge rumours on twitter and such, so I bought in at 0.069p and sold at 0.35p or there abouts. I made £18k profit. Think I lost £10k off that when I bought in again at 0.25, because the board issued another 2.5 billion shares and sp dropped to 0.1p

I think looking at past history of this company, I'd rather trade than invest here, but then again, I'm bit really a good trader. Having said that, at this lowly price, it's really worth putting in some money as this will inevitably hit over 0.1p, but be sure to take profits before the inevitable dump

Let1be and shares to buy

I can't disagree with any of what you've wrote. I'm actually pleased that you've made money elsewhere.

I really backed the board until the end of 2023. I tried to keep positive for the sake of my financial and mental investment over the last four years or so, but I now firmly believe that we been done over. Whether its by incompetence or deliberate, I don't know. I just feel that the board along with CS are happy to hide behind NDA's and sponge off fat cat salaries as well as live the corporate lifestyle until they will have to eventually do a fundraiser in 2025 or 2026 when cash runs out due to increasing expenses.

As months go by, I'm sure there will be many other once staunch supporters like myself, who will be expressing their misgivings regarding the board and CS.

I was invested as a trader in Baron over four years ago when it went from 0.05 to 0. 5p within a week and then dropped to around 0.1p the week after. I did make some profit from trading it.

I see many positive posts on this board and I wish all shareholders the very best.

However, what's concerning is that the Share Price here is abysmal and the number of shares on circulation is almost 26 billion.

Does the company have a lot of debt?

Are the directors on huge salaries?

How invested are the directors on the company?

Cost of operations very high?

How good are the prospects of getting access to all that gas?

Thanks

Dattabase

There are loads of people invested. We'd all like to remain positive and we're all hoping for a positive outcome

Meanwhile the SP is 1.5p, and CS along with the board have dragged this out big time. Who'd have thought after the the January 2021 RNS citing Christmas and New Year Holidays as delays to the asset(s) sales, that we'd be here at a lowly 1.5p and cash available only until end of Q3. Despite a $100 billion salesman being brought in two years ago to "speed up sales process"

I know folks like to cite the war for our troubles, but that started 13 months after the January 2021 RNS, and besides, the board cited in an RNS that they were in negotiations with companies from BRICS nations. CS also mentioned sometime in 2023 that he was hopeful of a sale by the end of the year. We're well into March 2024 and concerns growing that any prospective buyers will simply drag this out until end of year or if concentrate is sold, then until 2026 when the company will have to fund raise to stay operational.

The words "shortly " and "soon" have lost all meaning, not to mention the court cases which certainly don't reflect well on the board. Makes them out to be shady.

I've said thus before and it's quite cynical of me to think of it, but the way we've been treated over the last few years by the board has been an utter disgrace, and it could just be that the presence of NDA's gives the board the perfect excuse to keep taking their fat cat salaries and enjoy the corporate lifestyle, until they have to fund raise to keep the gravy train running

Finally... Why appoint Yellow Jersey to fend off investors concerns if a deal is likely soon?

Its obvious there's no deal in the pipeline otherwise the board woulden't fork out dwindling cash so yellow jersey can fend off angry long suffering shareholders

We believed and trusted the board, that's why we invested our hard earned money.

Long suffering investors are very angry and with very good reason.

From over three years ago

From

14th Jan, 2021. Yep, over three years ago!

14th Jan, 2021. Yep, over three years ago!

‘Progress to date has been slower than expected reflecting the complexity of the process, involving several parties and structures, as well as external factors including COVID-19 related travel restrictions, and more recently delays resulting from western and Russian holiday periods. Notwithstanding these factors, discussions regarding proceeding to binding proposals are continuing. Until a transaction is finally concluded there can be no certainty that a transaction will occur or on what terms.’

Thank you for your kind words, Mr Wolfe

Offler

I've stopped posting on political stuff. I've wisened up, so should you!

All I'll say to you is to open your mind and senses regarding the works around you instead of falling hook line and sinker for what the Sun, TalkTv, SKY, CNN, BBC, Guardian, Telegraph Boris etc tell you. Falling for what they tell you and being all militant about the brainwashing which you've been subjected to, shows you up to be like the Jonestown type

Offler

This isn't a politics discussion board.

Bugger off somewhere else if you want to discuss politics

Thanks, Bill

And likewise for you.. Good luck!

Bill

I think I can last till end of April at the very latest, without selling.

I'm too too underwater to sell.

At the end of April. Whatever the price is... I'll have no choice but to sell.

Four years of investment here.. Time, money, anxiety, sleepless nights... All utter waste

Thanks CS and the board

There maybe a connection but we've been down this similar link before.

I remember three years back and with EUA Japanese office and Japanese link regarding Sakhalin, EUA were strongly linked with a Japanese buyer.

Wonder what happened to that link?

Don't think the end of war will make much difference to the SP or sentiment regarding the company. The sanctions and animosity between Russia and the West will continue for a long time. This whole thing regarding asset(s) sale was dragging on well before the war. I recall at the beginning of the war, over two years ago, the board cited that a BRICS or supposed BRICS (Saudi, UAE?) were in negotiations. Artem was appointed almost two years ago to speed up the sales process.

Nothings happened and I don't believe anything the board says regarding time lines. In January 2021, in that infamous and appalling RNS, the board cited Christmas and New Years holidays for delays in sale of asset(s)

I just think that with funds running out at the end of Q3 and difficulties in selling the £3million concentrate, any prospective buyers will just drag this out. Even if they sell the concentrate, then with salaries and other costs, that won't last long either.

There's another thing, perhaps the board are alienated and drove away prospective buyers.

It could also be that CS and the board are happy to live off fat cat salaries and the corporate lifestyle, hiding behind NDA's, until they have to eventually do a significant cash raise early next year or in 2026, to keep the gravy train running

It certainly doesn't look good at all

Let1be

With funds running out at end of Q3, What are your views on the £3 million pound concentrate?

Does WK generate substantial profits?

Can MT be mined?

MT will probably require millions of pounds, probably tens of millions of pounds, if not more, to become operational

Scottydogg

This Sakhalin stuff reminds me of the kid at school who wants to be a surgeon, yet can't even pass his GCSEs

Similar to the board here and other AIM companies like Oracle for example. They talk about pie in the sky projects elsewhere but can't even get the bread and butter basics, which their long suffering shareholders invested in, right.

I just feel that this talk of Sakhalin is literally taking the p out of long suffering shareholders