Member Info for sandgrounded

Prudent move to save on expenditure?

Can this be an accounting procedure, to put the value of Semnet on the books. Simple as that maybe?

While we are talking about WSBN, can anyone point me towards this years AGM and the vote on disapplying pre emptive rights?

Approximately 14% of shares have been allocated since the year end results were published and I know the level of pre-emptive rights can be up to 20/22%, but they have to be voted on.

I can’t find any mention of an AGM!

Without the vote, shouldn’t ALL shareholders be allowed to participate in placing?

That’s the problem with Wishbone. No assays.

5 weeks ago in an rns they said the first hole drilling was being prepared and sent for analysis. Today it is still waiting to go for testing!

If I had found even the hint of hold, the assays would have been done and reported on by now.

I hope they have found something for all the investors in there and good luck to people investing. I don’t trust Lenigas and will wait to see what is reported.

Our free float of shares is much smaller than some of the other junior miners, so can’t be exploited to the same extent by traders, who ramp up their own shares and then sell on the spike.

Our time will come.

5 million buy to replace the 5 million sold on Friday . A syndicate of traders are trading this!

W have put the majority of costs for the acquisition of Cake in this years results, but had only three months income showing. I think the next interims will show a healthy rise from this acquisition.

“In FY25 we completed a further significant acquisition, acquiring the business and assets of Cake Pte Ltd and Cake DeFi UAB (together "CAKE"). The acquisition comprised a leading cryptocurrency investment platform ("Bake"), with a particularly strong presence in the DACH region (Germany, Austria, and Switzerland). The acquisition has also added important additional capabilities and sources of revenue for the Group, which, given the timing of the acquisition on 1 January 2025, are not fully reflected in the FY25 financial statements, whilst most of the costs are.”

Was the last message at 08.52?

The problem is the market is not equal. It doesn’t treat everyone the same.

The ones with the most money dictate what the MM’s do. If they are not interested in the share then the buys versus sells usually works. But if they suddenly find that a share has potential profit, then hold onto your seats and don’t use a stop loss or you will certainly lose your shares.

Can they legislate for equality for all? Doubtful!

Snudge, maybe investing isn’t for you.

You make your own decisions, like all of us and to be honest, it’s only been a few days since drilling started.

Ernest Giles was reported to have a couple of 5 million ounce deposits on its site. That is why its drill results could be relevant.

“Companies like Institutional investors, but don’t do anything for the private investor.”

Should read Companies seem to like Institutional investors, but institutional investors don’t do anything for the private investor.”

Will we have to wait for the quarterly results before we know the outcome of drilling at Ernest Giles?

It seems many weeks ago when satellite photos showed the pads and drills in place.

No news at all and you start to wonder if the BOD are waiting until the institutions have loaded up.

Companies like Institutional investors, but don’t do anything for the private investor.

It must be really galling for institutions to see that we are sticking with our shares and they are struggling to buy sufficient!

Arsops fable about the sun and wind seeing who is the strongest, should be a cautionary tale to the MM’s.

Sorry, 56.3% tightly held. So approximately 46 million shares to trade!

One very big difference.

GEO HAS 4.62 BILLION shares

WSB HAS 2.59 BILLION shares

And

FDR has 105 MILLION shares.

50% tightly held. Any drill success will see this go into orbit. ( if you can get any of the shares)

Didn’t the Semnet valuation for the Nasdaq listing come in at 36 million?

Could this be where the 42 million in assets comes from?

Will we see a large buy at the end of trading? Is there a trade being accumulated?

Maybe a bit of poetic justice here to the two investors who sold us their share of Semnet.

With the shares suspended, they are in the same boat as all of us. Can’t get to their money, possibly until the Semnet arbitration process is completed. Maybe the suspension will pile on the pressure for the arbitration to be resolved quickly.

Good morning LTI and thank you for your post.

Could I ask please for the website details from where you get the up to date installations. Does this website have previous months installations, particularly covering from December to the end of March?

I just wonder how many installations were made in that period, considering our partners did not take up our orders.

Thanks.

Thanks tonyj, the proof will be in the pudding, so I await the monthly updates with eager anticipation.