Member Info for Scharnhorst

You may also have noticed buys outnumbered sells the last two days by 4 to 1 but the market reported mostly sells as the buys were done below the mid-point and the price dropped both days. The market makers are free to use these simple tricks.

Looks like it was a chain smoking fat bird with no teeth.

"I am pleased that CIMGC and associates expressed their continuing support for Mwana at the meeting." Is that the football chairman vote of confidence statement or are they drawing a distinction between their support for the company and its directors? Thanks for the feedback Tracylied. I bet you couldn't believe how unprofessional and lacking in class the Chinese were. I get the impression the Chinese are starting to play hardball with Zimbabwe and are demanding returns on their investment throughout the country. "Ordinary Resolution 3, the re-election of Stuart Morris, Interim Non-ExecutiveChairman, was passed via a poll. The votes of CIMGC and associates were not counted in the poll as they were deemed to be inadmissible as these votes as cast, infringed the Relationship Agreement entered into with the Company on 2 April 2012. The Relationship Agreement remains in place." I find this paragraph infuriating. It assumes we all know about the relationship agreement. I don't. I guess they agreed not to vote against the board but in this instance they voted down Stuart Morris and if their vote had counted he would have been out.

'the german fellow' is far more civil than your normal description Candy. I carried on posting after doubling my money in order to help others make a good decision with their investment. Of course those who tell the inconvenient truth are despised by rampers. Always nicer to be popular of course but you can't have everything. You seem to be obsessed with Treacle. Personally I think too much treacle makes you sick. Perhaps he should come back as Duke of York as he marched you up to the top of the hill and marched you down again.

Maybe there was just one of them left ; )

German idiot? Isn't that racist? Anyway I have a thick skin. You didn't answer how you calculate 28p a share by end of next year. Interesting because the AGM report says the directors think there's a 55% chance of hitting 3.5p withing four years. I think you're just ramping. For information I was invested here but got out at 2.7p. Bet you wish you'd done the same.

The buying in October was before the real truth of the Vitol giveaway got out. Directors having to buy to support the price for their options as nobody else with any brains wants it.

Had it coming to him. Slimey like his name. Always someone else's fault with Treacle but he brings it all on himself. LSE gets a 12 gun salute from The Scharnhorst.

I'm not bothered if people take my posts seriously or not, I simply say what i think. There's a mutual support group on here which encourages delusional thinking because you all end up trying to turn negatives into positives. That is the road to the poor house.

"Rob Shepherd has been honest with us from the outset." Are you thick? So why didn't he tell investors back in April that the money from Vitol was only a loan? He tried to sneak it into the RNS the other day and caused the share price to bomb. He was then forced to buy some shares to cover his error imo.

The directors wish to set a 4 year performance target of 5c (2.9p) and have given a 45% probability of failing to achieve it. This is for the benefit of non-Treacle subscribers. Fortunately he's filtered me as I would hate to be spoon-feeding him.

You haven't answered my question. You said 'As for RIA, financing now completed for "development phase"' How do you work that out? First Energy estimated Gazelle development cost at $270m and Paterson's $250m. Rialto have a $17.5m loan from Vitol and projected $9m cash at the end of December which will continue to decrease next year as there is no income. Even if there is a half price cheap phase 1 development Rialto would still need to find cash to fund their share. You brag about your abilities but I think the depth of your research is paper thin.

Selected Analyst Coverage GMP Europe Securities (4 Sep 2013) £0.055 RFC Ambrian Partners (30 Sep 2013) A$0.06 "I'm very happy with the above and imo still doesn't factor in all the latest developments now." Yet the latest development has been negative. Since the targets were published Rialto has revealed that the $50m "payment" from Vitol was in fact a loan. You also say Rialto is funded for development now. How do you work that out?

Your post at midday: “Just shows again the wrong people in this game when someone was spreading fear this morning about a low price target from the new house broker but can't provide the source/link.” I told you the source of the RFC Ambrian 6c price target. It is in the oilbarrel presentation on the Rialto website in the appendices. Which bit of that can’t you get your head around?

According to you "Ambrian had no coverage and price targets from last year". You're supposed to be the hot shot research guru but I bet your sheep on here could find the report in ten seconds with a google search. Their target is down from 48 to 6c.

Ambrian covered Rialto last year with a target of 48c. Are you accusing me of lying? Your post is wrong.

Saw it bandied about with no source so wasn't sure it was believable but have done some rooting around and found it mentioned in the oilbarrel presentation slides on the company website. It's in the appendices which is probably how I missed it first time. Target 6c (3.5p) which is down from their target last year of 48c.

Has anyone seen a report by the new broker? It seems their price target is 6c which is well south of what I was expecting.

Delivers yet again with PSC signed and sealed before the deadline. This is very unusual in African states these days and demonstrates the excellent working relationship he established from scratch in a few months. Two 150k sales this morning at 2.29p and 2.26p. Some people never learn.

You're a top man Treacle, I'll check out money am.