Member Info for saintpeter7

LIFE is another interesting shell for those of you like me who should benefit from holding shares in GWIK. Deadline day 6 October. I do hold shares in LIFE as well and naturally you need to DYOR.

Now's the time to buy ahead of the 6th - deadline day. MCAP currently c. £940K, whilst the company has £800K in cash so only a small amount for the benefit of being an AIM share.The BoD very recently advised their intention to make an investment and to hopefully advise shareholders before the 6th. As they say the early bird.

Have just bought in hoping for JM to work his magic. Even if the shares are suspended for a while, there should be a deal being worked on for the benefit of all shareholders. Pleased to have bought GWIK pre suspension which has worked out well. Worth waiting for the deal and not many days left to buy in.

This company's resources show great potential. I appreciate that with AIM, investors want jam today not six months down the line, but at this SP, it is a share to buy and wait for an update on progress at the expanded site, on further drilling results and the commencement of mining even though the latter will no doubt not be until 2017. For those who doubt whether to hold or buy now, re-read the RNS from 11 August on the finding of increased mineral deposits. The action the company has taken to shelve mining the initial deposit makes such good commercial sense and for holders of NMG shares a much higher potential SP. The shares are nearly back to the price they were in February this year when the announcement of healthy drilling results were first announced and are in an oversold position. Have patience and you shall greatly profit.

I have e-mailed the company to ask if they expect to arrange an RTO by 1 December, their AIM deadline. Not necessarily expecting any response but shall see.

Just wonder what intentions AMED has for its cash pile, which based on the RNS of 14 June, probably amounts currently to £3m? The company's MCAP is only £3.76m, which places little value on the business interests it has. In the Annual Statement issue in June, the company talked about exploring other interests. Could it even offload its current business interests and turn itself into a cash shell? It might be the way for it to go. I wonder what thoughts LEG's chairman Zaf may have for AMED's future?

Thankfully I invested in GWIK once I knew that they had appointed two 'experts' to the BoD in particular taking note of Amanda Van Dyke's knowledge and experience in the mining sector. I also hold shares in PLMO, another shell in which Paternoster Resources has a material holding and AVD is on their BoD. Worth backing her IMHO.

Tengri is ultimately owned by an Indonesian conglomerate The Salim Group. They have been acquiring mining interests. TEN does have net liabilities according to their last Accounts of 0.8m as although it had cash of £3.35m it owed monies by way of loan to its parent Robust Resources Ltd, a subsidiary of The Salim Group and that loan will need to be restructured. However, that would no doubt be done as part of an RTO and with the size of The Salim Group and its material mining interests, TEN is certainly one to watch. But remember those who take a risk now will be those who make the real money if an RTO is successfully arranged.

SP below cash held. Those prepared to buy in now and be patient while company arranges an RTO may well at least double their money.

Results from Kvemo Bolnisi resource estimation and pit optimisation work may be due soon. Hopefully, this may lead to a rerate of NMG, bearing in mind that we may get further news also on the other drilling work going on at Tsitel Sopeli in the next month.

CGNR has two bullish hammers on the day chart for the last two days after a downtrend. Any chartists out there - could we be due a price rise on Monday? Have we got enough sellers out the way?

As the Accounts are quoted in euros I will use that currency. The current liabilities figure at 30 November 2015 were €2,417,006. The clue is in the Accounts to 31 May 2015. At that date the current liabilities were €2,067,149 and included €1,564,868 owed to Prof Conroy and €370,720 to Karelian Diamond Resources plc (KDR), leaving €131,561 normal current trade liabilities. During the half year to 30 November 2015, Prof Conroy loaned a further €267,080 and KDR €82,690 (assuming they are the related party that the cashflow statement refers to). The Report at 31 May 2015 stated that the loans at that date would not be repaid until at least 20 November 2016 unless cash flow allowed and no doubt it did not. The loans in the half to November 2015 were also not repaid. So, it would appear that Prof Conroy's loan would have been €1,831,948 and KDR's at €453,410 if I am correct, a total of €2,285,358 out of a total of €2,417,006 current liabilities at 30 November 2015.

All today's trades shown incorrectly as sales

I made my first purchase of this share today on the basis that the company as you know has gold etc ready to be mined and the price had fallen back to what appears to be a support level. I am not expecting much movement in the price until we are closer to getting the gold out of the ground which the company projects being in the 3rd quarter but the early bird as they say! Hopefully, I'll not be proved wrong - we shall see. Because of the method used to work out what transactions are purchases and sales is apparently determined by the quoted purchase and sale price range, today highlights the problem. By my calculation there were 6.9m shares sold and 10.37m purchased - what a different picture that paints.

Hi Bruce, yes that is no doubt their greatest potential research. Let us hope not only for investors but for the good of all of us, that they are able to progress this quickly.

RedX appears to have tremendous potential with the number of drugs it is working on and with funding in place to enable it to continue its developments for some while to come. Maybe early days in looking to sell any licences, but in my view, if patient, ought to be rewarding at its current SP which is a long way down from its initial IPO price. Recently purchased some shares to hold for the LT.