Member Info for saintpeter7

Fouscais - you will still own your shares in PERE. They may change their name but that depends on what they are planning for the main listing. If you decide to hold on until the AIM listing is cancelled on June 14 (if not suspended before then), you have to wait until the shares are relisted on the main market. Why did you invest in the first place is the question one asks oneself and what has now changed - nothing much, other than a delay, but the Bod must have higher ambitions as a main market listing costs more and there are tougher regulations to comply with. Could be one to hold on to if you are prepared to wait.

LivinginHope - please accept my apologies for my comments relating to your posts. Having re-read what you have said, I agree that you have not been at all insulting. Sorry.

Well Sarkozy, that's better, that made me laugh!

Will you please stop these insults Sarkozy and LivingInHope. I don't mind a bit of banter but this is getting ridiculous. Neither of you have said anything constructive. Why do you bother posting on here if all you want to do is repeatedly, Sarkozy initially and now Livingin Hope , knock the company. I can't believe either of you have any shares in SMA - so go away or your posts will be reported!

So Gravity Investment Group (GIG), which own the majority of Forbes, has acquired 2,500,000 ordinary shares in K&C REIT Plc representing a 4.74% interest in that company, for a consideration of £250K to be satisfied by a further issue of shares in Forbes. Guess who owned these shares - GIG! Now let's see what else is to be acquired by Forbes - yes, it appears that it may well prove to be an asset of a subsidiary of GIG, Imperial World Resorts Ltd. Look at their website:- http://www.imperialworldresorts.com/ On one of their website pages:- Established in 2011, Imperial World Resorts (IWR) is an Investor in, & developer of, Five Star Resorts, Hotels & Retreats. Our next Resort development, set in the stunningly beautiful and unspoilt East Coast of Sri Lanka, will set the standard for luxury, unique experiences and service. The resort will open in September 2019 under the expert management of Dubai based hospitality group JA Resorts & Hotels. In the RNS of 11 May, they say that additionally, the Board of Forbes announces that it is at an advanced stage of negotiations regarding the acquisition of an investment in a leisure development asset based in Sri Lanka. What's the betting that the resort development mentioned in the RNS is the resort above? In the end, Forbes as a vehicle for assets previously owned by the company's majority shareholder may prove to be very good for the rest of us. However, all that has happened so far is that small shareholders are being diluted by the issue of more and more shares each time an asset is acquired rather than the company actually raising more capital.

https://www.volgold.com/site/assets/files/1178/2017-05-01_nr.pdf VG expanding its Guinea gold property further. Re AIM extension - as far as I am aware, company can not get any extension so if SMA did not enter into RTO before the 6 month deadline, the AIM listing will be cancelled and the company would have to reapply for its listing. If I'm wrong, please tell me where in the AIM rules a company can obtain an extension?

Sarkozy - I had filtered you for quite a while but I have decided it's actually quite funny reading what you have to say and am amazed that you bother. Why do you bother?

Hi the 3 amigos, Vienna, Fortitude and Animal! I'm confident as one can be that GC will pull the rabbit out of the hat in time and make us wealthier. Been looking again at the 5 year chart to see where the resistance points will be. The first one is 0.79 - wouldn't be too bad would it; the second one is 1.15 - treble the current SP; the third one is 3.75 - now that would be nice! Courtesy of 4-traders chart. Patience will be rewarded.

Hi GC - thankfully had GWIK which has turned out well. Have LIFE which has lost its AIM listing for the time being because Jim Mellon's baby DBC was not ready in time, have SMA which like MILA, I check each morning pre 8 am in the hope that an RTO or an investment is to be made. Another poster on another BB said not that long ago to me that you should always allow most of the 6 month time period which shells with RTOs to arrange have to run before investing. In hindsight that seems good advice. Of course with MILA its slightly different, but when the CEO made a TipTV appearance a few months back now, I thought the first investment might be in the near future then, but sadly not. Of course you can get baggers quite often from these sorts of shares. I guess its a matter of balancing your portfolio so that you have some money invested in shells, but not too much that you get frustrated at missing opportunities elsewhere when they arise. Not easy is it! I have learnt to be patient, which is an absolute necessity investing in AIM and small cap stocks and not to rainbow chase as it is called. Finding a number of good solid prospects with good management and if possible sound financial backing and sticking with them seems to me to an essential part of one's portfolio. Anyway, enough of my thoughts before you start yawning!

exciting day at the mila! Glad I have a few other shares which actually move, like KENV.

RNS issued this morning re acquisition and placing. http://www.investegate.co.uk/gb-group-plc--gbg-/rns/proposed-placing-and-acquisition/201705090700085328E/

DealStreet Asia reported on April 11, 2017 that Mytrah Energy India Pvt. Ltd was in advanced talks to raise Rs1,800 crore in structured debt funding from Piramal Capital’s structured finance group (SFG), two people directly aware of the development said on condition of anonymity. According to them, the deal is at a term-sheet level and will be one of the largest structured debt investments by Piramal group till date. Mytrah plans to use the funds to refinance its debt and provide exits to some of its current investors such as IDFC Alternatives, AION Capital and Merrill Lynch International before its planned initial public offering (IPO). “The transaction will go towards refinancing the company’s debt in various special purpose vehicles (SPVs),” said the first of the two people cited above. “Apart from refinancing, the funds will also go towards funding projects at various stages of development,” the person added. I posted the above back then from another source, LiveMint. As time goes on and we still await Mytrah Energy' s 2016 results, ME being the parent of Mytrah Energy India Pvt. Ltd, I am inclined to think that they may be delayed until the refinancing with Piramal Capital has been arranged, assuming it proceeds. If it does, IMHO, MYT's shares will get a major boost as probably the primary reason for the sharp fall in the SP has been the uncertainty surrounding the debt refinancing. I'm certainly holding on to the shares I bought at 49p and then 30p with a view to recovering all of my paper loss and more before the Autumn.

Up to 65cts now. As I said yesterday, it definitely looks to be making a break upwards having consolidated at the 55 - 60 level. Wouldn't be surprised to see this reach C$1 in the next 3 months based not only on their prospects but also chart trend.

I note that VOL's SP is at 62cts and looking at their daily SP chart, it looks a reasonably good chance that it will be rising further in the next month or so. The second gold resource, next to Mandiana, for which they have entered in to the option agreement to buy, looks like an excellent prospect from the quality of the gold grades found by the drilling in 2014 and 2015. SMA's holding is currently worth about £888K. If the SP of VOL were to reach C$1, it would be worth £1.43m at today's exchange rate. I mention that because warrants will be issued to the seller of the additional gold resource exercisable at that price as part of the deal. Hopefully, the possible RTO acquisition of the resource on which the Bod of SMA were carrying out the due diligence back in November will come to fruition soon, but at least the company does have the shareholding in VOL to grow in value.

The mcap of £1.16m (per HL) is now not a lot more than the cash the company probably still has. IMHO it would not be unreasonable to expect that to double and perhaps treble on the first investment being announced, subject of course to a possible placing that may be required to raise more funds for it. Certainly the downside risk is negligible compared with the potential gain. I currently hold c. 290k shares with an average of c. 7p (bought when it last spiked in January) - not my best timing - so I could do with a winner. I sold a few a while back, but to take a loss now would be stupid even if other opportunities arise, simply because you never know when that RNS we have been waiting for arrives.

Noticed the small trade for £37.25 this afternoon. I like to think this was a mm signal that something is shortly to be announced. Got to hope haven't we!

Well I guess there is nothing to be announced until the results. Although, they could I suppose at least let us know when they will be.

Well done Sutherland. It's a bargain at this price if you are prepared to wait for the company's first investment.

328matt - see link below for guidance on current planning appeal times. Although Egdon have started the appeals process, you will see that it will be some while until a decision on the appeal will be given. https://www.gov.uk/guidance/appeals-average-timescales-for-arranging-inquiries-and-hearings

I'm hoping the results may be due out this week; they can't be far away now. 2015's were announced on 3 March 2016, whilst 2014's were announced on 21 April 2015. Although, the Bod have probably decided to incorporate the changes arising from the new Indian accounting standards, which probably has caused a delay, I would not expect that to push them later than the end of this month, unless the Indian subsidiary's refinancing/fund raising and the probable IPO also delays them. At the current mcap of just £43m, IMHO we may reasonably expect a re-rating once all has been made clear.