Member Info for Shack22

Can’t wait to see what he gives himself as a golden handshake.

No idea but I’m guessing that big £100k trade yesterday was another sell worked over a day or two so the average price was a touch high and showed as a buy.

Yep seems trading most shares, selling when near top price watching for a while and buying back in at a lower price instead of just holding is the best option at the moment. SOLG has hit 40p+ a few times now and dropped back to the mid 20’s. Most on here would have probably tried it but scared of missing out when the inevitable take over offer comes in, or at least that’s what’s stopped me. The last RNS from SOLG about permits etc has me reassured that all will be ok but it’s still a bit of a nervous time here.

If that $6m ever lands then buying any amount at this price will look very astute, I’m hoping it does but the timing of the announcement and then a placing a couple of days later seemed a bit off to me especially given the history of this company.

I’d still like to know what work he does for AAAP and how much they pay him, how can you justify working for another company/having another job when your getting paid the wages he gets from prem. The timing of the $6m for RHA and the placing a few days later is looking more and more suspicious to me.

Shares seem a decent price at the moment the lock in is only a small concern and maybe some profit from BIDS coming over here.

So we still think these won’t be dumped when the lock in period is over in a few weeks? If the company is winning contracts and making millions it won’t matter what they do I suppose.

Showing as a sell is definitely a buy.

Coming 14th that’s usually when the price drops or at least heads downwards the week or so before. Looking like it might hold around these levels at the moment though. I like this company and will stay on the side lines for now to see if I can get any cheap when the placing shares hit the market, I could well miss out though.

Sounds a great deal and if it comes off the current SP is cheap. Looks like a no brainer to buy more shares at this price but I doubt I will be, just something with this share that makes you think it’s not that simple. Could be wrong and end up kicking myself but if this goes above .5 I’ll be happy with what I get.

Yes but it was only a ‘letter’ that no one has seen and was produced a few days before a placing. The money should be coming and if it were any other company I’d be buying some more shares in anticipation as $6 in cash will move the share price up, But I won’t be buying any more as I’m not totally convinced and don’t want to gamble any more money with this company for the time being. If we were all confident the money was coming you’d be mad not to buy now but there will always be that bit of doubt and that is what’s stopping me.

Why can’t these directors just pay themselves a normal wage or less until the company is actually making money then pay themselves out of that instead of daft amounts out of placing shares. I got one won’t be buying shares in any more companies that aren’t making profits and the directors are paying themselves daft amounts. Thats my new investing rules anyway, different for trades but long term holds I’ll be looking at who’s getting paid what.

What has this company got to do to get the SP moving? Another decent RNS today and still no movement. MOD is looking like a really good find, maybe not SOLG level but still potentially very good yet no reflection in the SP movement. Not to mention Sprott involvement. I think this will come good sooner or later but you would think it would be well above these low levels by now.

The timing of that ‘letter’ is looking more and more suspicious every day now with the placing coming just after it.

It was a well timed letter as well, just a few days later GR got yet another placing away that should secure him and his mates wages for another 6-9 months.

Let’s hope so, anyone want to guess how low the SP will drop if news comes out we’re not getting the $6m.

Funny thing is I tried a dummy sell this morning for all my holding (about £800 worth avg around .3) I was considering selling as could do with the money and they wouldn’t take them.

10p?! Think you must be on the wrong board

You earn £300k pa working for prem, how do you find time to also take a decent amount of money from AAAP as well? As you are taking a wage of £300k here why not spend all your time into making prem profitable.

Starting to look more and more like a George Roach lifestyle company to me. The business is making a nice profit but after all the directors have been paid its losing money and I still have no idea what George Roach actually contributes for his wages here, as I’ve said before if your earning £300k pa for another company how do you even find the time to have other jobs. The only thing keeping me here and with a bit of faith is the fact Mike Joseph has put a lot more money in here than me and I don’t think he will stand for it being used just to pay the directors wages for a few more years.