Member Info for Safetrader1

at 0.17p

sp was 0.30p on the 13th of September 2015 - I think that is all you need to know about the progress (in real terms for the shareholders) here !

Dubliner, are you trying to tell me that the BOD could not have raised £400k from existing shareholders on an open offer - or was that just to much hassle for them ?

Hi Samspade4 - so why would it be easy to buy now when so many buys behind the scenes ?

Rubbish - try again Mr Jones Smith - I think you will just find the opposite - can't sell much and can buy 5m no problem !

Patrick Cheetham, Executive Chairman - aptly named Patrick - so is it Cheetham or Cheatthem ? !!

So a positive update almost 2 weeks ago to the day to boost the price to justify the placing too ii pals that pi's were not offered the opportunity to participate in - as I said DISGUSTING ! leopard / spots comes to mind ! Any modicum of trust accumulated blown away for me. AIMVHO

And I gave this arrogant man the benefit of the doubt !!! No wonder there has been hardly any investment activity over the past few months. As I unfortunately predicted, the only people who will make money out of this are the BOD's ii pals let in the back door on the cheap as usual in this scum infested AIM market. - the precedent has been set, so we ALL now know how little Patrick and his cronies respect pi's - why were we not offered the opportunity to invest in this GIVE AWAY placing. It is very clear that this is how money will now be raised through to the start of production and that loyal pi's will be diluted into oblivion - DISGUSTING PATRICK - I would ask you to hold your head in shame, but you clearly have none !! - AIMVHO

more like 1.40 to 1.60 IMVO and I will be very disappointed if it is not there in 18 months - AIMVHO

Quote :-

Nick Johansen, Director of Armadale said: “We have long held confidence in the commercial potential and economic value of Mahenge and the results of this Scoping Study greatly reinforces this view. The Project’s NPV of US$US349m is significant, especially when compared to our current market cap of ~£5m. With an IRR of 122%, 1.2 year payback and low development costs, we firmly believe that Mahenge is an attractive asset for development. Crucially, the Scoping Study was limited to just 25% of the Project’s current resource, which forms Stage 1 of a planned staged development programme. Accordingly, with an upgrade in throughput there is significant potential to improve the Project economics even further. Our next steps will now be to commence a definitive feasibility study so that we can advance Mahenge to a decision to mine early in 2019.”

Nick, are you full of utter bull, or do you actually have the ability to deliver here - now put up or resign - this has gone on for far too long - not even one single MOU despite apparently multiple interested parties - surely this is a highly attractive market with potentially a huge interest from China - just what are you doing man ????????

This company move at a snails pace and really just do not give any thought to their long suffering shareholders. If I worked at this pace and produced nothing I would be sacked - this lot get away with it time and time again with impunity - utterly disgraceful and seemingly totally incompetent. AIMVHO

A conservative estimate Aim Surfer IMHO - but if we dilute several times to raise funds, then as usual the only real beneficiaries will be those who get in at just the right time on give away massively diluted placing's. I can only hope that Patrick is better that and we can either enter a joint venture or raise capital that does not massively dilute those that have remained loyal and patient. Time will tell, but I reckon Patrick has better morals than many leaders on AIM listed companies, plus he is actually invested himself.

firmly in their grasp - like a fine tuned fiddle ! :) AIMVHO

The reason you are not seeing any buys is that they either don't have any available stock or they simply don't want to sell any for fear of increasing the SP. This is clearly being held back IMVHO. I just bought the 1.15m and they are back to lockdown. They have drip fed me and Dubliner a few crumbs this morning - but hard prizing anything out of anybody's hands here - bring it on Patrick - we are waiting :))))))))))))

seems like lockdown - and mm's not selling any stock !!

I got offered 0.155p to sell 5m !!! - something brewing here me thinks !!!

Yes, very strange - I cannot recall this for a long time as I have been steadily accumulating.

I added 1.1m a short time ago and just tried to buy another 1.4m online - nothing !! I even worked my way all the down to 250,000 and it says no stock available !! - draw your own conclusions from that !!! - anybody else tried buying in the past 30 mins or so ?

Great potential - but lack of ability to realise it. AIMVHO

If you have it, then it is comical to watch the mm's work it down as a pack - slimy lot :))))))))))) go on bar stewards - give it your worst.

:)