Member Info for Robdog67

Looks like it.

No signs of turning yet .

Sorry Mv. The "market doesn't reward failure" . If you think 20p is a distinct possibility then why are the professional traders/ investors not buying hand over fist ?

Because the placing , if there is one , will be between 1 & 2p,

If you believe it's 20p then you should sell your house and buy shares tomorrow.

If not you are just ramping and dumb investors will waste their money tomorrow. We'll see shortly.

Contra,

You have a vivid imagination 😂 That's a bit far fetched even for you .

Still think the 3 cornerstones could take it private and then refloat it once it was up and running.

Seems a very popular tactic at the moment . That way they can pick up the company for 2p a share , probably about 3 million.

Don't bet against it . The 3 cornerstones will be just looking after themselves .

They will say it's in the best interests of all shareholders blah blah. After all they will say the alternative is admin .

Wasa, you are right in what you say .

Hzm is priced for admin as at the moment it has effectively no money and a load of creditors.

They are effectively starting a new company in the shell of the old one, Hzm marks

They need to convince everyone in the negotiations that they have their sums right this time when they got them wrong by a factor of 2 last time.

All 3 CS`s were on the watch last time so investors need to know the same 3 have got it right this time. Might be a big ask for all new investors

I guess as they put money in at 20p , then they may be willing to take 20p now ?

Mv , you are living in a dream world.

There is no way they will get new investors to buy shares at 30p when they are trading at 1.5p.

My money is on 1p because that's what happens in reality.

Rover, I suspect they would take what is offered . When the company has run out of money , then beggars can't be choosers . To be fair it might be that LA that buys out Glencore out. LA has put there own man in there so i think they mày be taking the lead ?

Mv , I can't argue with your points re CS`s ,

BUT you just don't see premiums to prevailing share price.

Can you think of a company within the last few years that has done a placing at 100% to the prevailing price.

It just doesn't happen . They somehow have to get the price up before they announce the placing .

Only good news can do that , but the good news is the placing . I don't think they could say ," we think we are going to have a placing" , can they 🤔

i think it will be 1p on the basis that placings are generally done at a discount to the prevailing price.

with the cs`s having 51% , then they might have the leverage to increase the placing price 🤔

i honestly don't know whether that can be possible .

i can't see new investors putting money in at a premium to the current share price , and how many of the 49% are willing to put more money in after bad. most will just be so ****ed off they will want to get out. you see it all the time with companies that have gone bad, the stale bulls want out .

Where there's a will there is a way.

They all appear to be willing, so signs are still good.

Interesting that they added a fresh dimension to the caveat at the end. Care & maintenance as a possibility.

I can't remember that being there before. How would they be able to do that if they have to continue paying interest on the loans etc 🤔

I can see how they might want to kick the can down the road as money for mining projects might be totally different in say 2 years, but I suspect it's more of a negotiation ploy against the creditors.

I suspect the mine is viable , otherwise there would be no point starting the negotiations in the first place.

And yes the 3 cornerstones don't want admin as that would open up the part finished mine to other competing miners who may want to pick up the remnants for a lot less than they are worth. Something more will have to be announced next week so we won't have long to wait

Wasa, you are most likely right.

I only said it was a possibility given what 3 companies said last week, ie difficult market conditions to raise money blah, blah etc

I think anything is a possibility, they are obviously not finding the negotiations easy.

Given all the comments about deceit etc, one possibility given what's happened at 3 companies over the last week is that it will be taken private given that the cornerstones can pass any resolution as they own 51%.

As they keep driving the price down , given that they are such honourable fellows they will offer the 49% 1.5p per share and then take it private co, complete the project as a 3 some and then float it at a later date at the height of the next commodity boom. Now that would take the biscuit

For Rover & Lawrence `s sake, I would there was a glimmer of hope in that RNS.

If they were going to fold they would haven't done it today.

If there is a deal , then yes there will be massive dilution, but that's what happens with placings.

In fact the announcement today may have been done to get the placing price down to 1p .

Any new investors need a low price .1p may well be the price to pay to get them on board .

Don't be under an misinterpretation this is all being manipulated

Lfontes,

Totally agree. With all these companies. PI`s don't matter . You can see that with the companies coming off AIM, like CDx discovery and Molecular Energies. They don't give a toss about the PI`s that have lost money .

It's all Billy's fault , like Strow said he tempted fate 😂😂

Seriously though Strow , selling out completely at a 1.25p is a bit extreme . You should have kept a few hundred shares just in case there is a rescue. It seems a bit strange that they haven't thrown the towel in today 🤔

If there was no chance of a rescue then they would have given up today.

The algos the mm`s use would have marked it down instantly , the use of the word admin..... would have done .

I suspect it may pick up a little next week, like it did last time.

There may be life in the old dog .

2 more to delist today , molecular E down 80 % !

Can't see the sense as company will have to flog their shares at a much lower price in the private market than if they were listed, or am I missing something? Or are the directors just greedy bxxtards as they will pick up the shares and company on the cheap 😤

If it's heading for admin this week, then why are the mm`s marking the shares up again.

It's not due to buying as there has been very little.

If it were heading for admin, wouldn't they be marking down 🤔

OK, might be 28th or the following Tuesday .

I`d like to think they would like to get it done before Easter.