Member Info for savs1907

Slow - it doesn't matter how many times the number of outstanding warrants are raised - all 235m of them, certain individuals on here will simply ignore that, simply because it doesn't fit their narrative. Yes, the company will get cash when the 4p warrants convert, but the negative with that, is that it will lead to further massive dilution, In effect the dilution completely offsets the benefit of receiving the cash - the NAV would be roughly the same. Its very simple math's.

Buzz - "105k premium buy" - that was a trade from yesterday dear boy, and it was a sell not a buy.

Maid - "overhang has cleared all round" - NO - there are still 235m 4p warrants yet to convert - its all in the last RNS issued.

Yep - he's pumping out the same old "topping up" line in CTAI. Feel sorry for the poor souls on there having to listen to him spouting his usual rubbish.

James T posts “warrants must be on fumes now”. This from the man who reposts all RNS on an almost daily basis. If he’d taken the time to read the last RNS, he would realise that there is still well over 200m warrants at 4p left.

How odd, this popping up - this is one of the great disadvantages of AI - it simply trawls the web without conscious thought, and then dumps what I would term a "politician's report" - i.e. a load of meaningless waffle without a thought out conclusion. Its also posted on two other companies, with a similar report.

Its a shame that LSE allow these BOTS onto the BB. It clearly has little understanding of the company's policy, ethos, BOD and simply relies upon what's been published elsewhere.

JAN is still a stand out opportunity at these levels, and I stand by earlier NAV valuations.

Obviously Buzz finds the truth hard to take - poor lad!!!

Dglos- how refreshing to see an actual investor posting a balanced and genuine interpretation, and also a reasoned view. If only there were more like you, there wouldn’t be the need to keep posting to balance off the wild and quite frankly ridiculous posts from certain “rampers” on here. I wish you well, but please look carefully at the reported numbers.

Kammi- I note that you rarely back up any of your statements with factual/provable numbers - but like most of the “rampers” on this BB. It’s all hoping that the SP will go up, sadly because most bought in at a much higher price. Two huge trades reported after closing - total 5.7m shares sold. One trade was early this morning- question why it was reported so late. Doesn’t bode well for tomorrow.

Profit Jock -there are well over 200m warrants left at a 4p conversion price. If you had taken the time to read the RNS in full today, you would have seen at the bottom of it, the company’s own confirmation of exactly how many are left. In fact, that was the only interesting thing in today’s RNS - the rest was just waffle - no detail on the amounts, rates or terms.

Maid - there are still 235m cash warrants outstanding at 4p. That would cause significant further dilution.

The RNS gives an update on the current shares in issue - its now 135m, so a fair number of warrants have already been exercised. Interestingly, there's no detail on how the funding will be structured or at what cost to the company.

Kammi - how about posting some facts/evidence instead of just spouting absolute rubbish. Your post of 11 November is a classic - I quote " This will bag easily 10 bag x". The price on 11 November was 11.5p - how has that "bag easily 10 bag x"? By my simple math's, the price has fallen by 5.6p since then - that's a decline of 48.7%. These are factual numbers dear boy - provable - unlike your fantasy.

Shake - you are correct- this is currently well undervalued. As ever, with prospective (pardon the pun) mining companies everything depends upon the assay results. We are fortunate with JAN that one of its main sites is located in a proven gold producing region. I ran a brief calculation a few days ago, based on the current gold price, estimated ounces and net margin. That came out at an NAV in the range of 12.9p- 18.1p per share. I still believe that is reasonable- albeit over the medium term. That said, with gold being the product this could take off exponentially in the short term.

James T - I ran this calculation a little while ago, but seeing as you’re still erroneously stuck on 54p, I thought I’d better repeat what I had previously stated. At June the company had shareholders’ funds of £3.62m. Add in your £10m for the warrants and then divide that by the shares that will be in issue at that point, and you’ll have an NAV of approximately 1.9p-4.3p per share. A far cry from 54p. All the numbers here can be checked on the company’s own website.

Extremely well put Pete - as long as views are supported by facts/evidence, then we all have the right to express our views on these BBS. A true fact is, that if you'd have invested £1,000 in Mast 3 month's ago, it would now be worth £34.91 - that's a staggering fall of 96.51%. Enough said.

You sure about that Buzz - "big jump coming into close". You've got Level 2 - just look at that. You might change your mind.

Zinger - its a problem with LSE - its across all shares, not just Jan. Total traded so far as at 15.51 is 14.68m shares.

Maid - sadly, I must correct you once again. Growth by itself is next to useless- you need to couple that with profitability- that seems to be a word that escapes you. It really is very simple - unless a company makes a profit, it will eventually fail. Enron grew exponentially- look what happened there.

Also, there is still the huge issue of the warrants that have yet to convert - all 200m+ of them. As you rightly say, that would lead to massive dilution.

Maid - “2.5m gone” - dear boy, there’s still well over 200m other 4p warrants yet to convert. If, let’s say, 20-30m have so far converted- no one knows because the company doesn’t publish that info - then, if the price has collapsed to 7p on 20-30m, imagine how much further it will fall when the remaining 200m+ convert.

Alpha - click on "Filters" - then type in his name.