Not worried, I am amazed at stupidity of some investors.However speculation can only drive shareprice to certain extent.Musical chair has to stop at some point.....Eurasia mining had some real assets and mug punters thought that asset which was bought for 10 millions would be sold for over a billion.Took a lot of abuse there and most of them are nursing a heavy loss there.
Aim, company has part ownership in a technical report, it does not own the asset, has been surviving on placings, its total assets are worth 109k and does not even have money to drill exploration well and mug punters are going crazy over rejecting 14 p offer.Aim at its best.
Lol officemanager knows everything about this company,however his research is based on"hopes" and "potential". As things stand there is no offer and company does not have any asset.Not only that people who took part in placing and had millions of warrants have dumped them on mug punters.But only mug punters know "potential".
So it is at stage one and some mug pubters are hoping that somehow they will find 10s of millions to fund drilling , not only that they will prove them resources and will find money to fund appraisal wells and then there will be a takeover bid.You have got to love aim sometimes too many ifs and buts.I dont see a "potential"
Let me break it down for you in case you dont know it.First they need to identify targets which contain hydrocarbons then have to prove them up tgrough exploration, then submit fid plan and then drill appraisal well.All of these things should cost hundreds of millions and this company is not even at first stage.
It does not own the asset and I have gone through official website and updates.All it owns is part partnership in technical report.So someone has to be mad to offer 143 millions for a part ownership in technical report and BOD has to be even more stupid to reject it.
I still think these are worthless, none of these companies has money to fund drilling, secondly north sea is heavily taxed due to which many companies have exited and you can find loads of producing assets up for sale.But my point being why did company only mentioned part ownership of technical report and not percentage ownership in Sarawak?
On company's website only three projects has been mentioned, company has stakes in two projects in UK which are worthless due to fracking/drilling ban in UK.But only mentions ownership of technical report and no percentage ownership is mentioned.
Hahaha and ITS got suspended and it aint coming back.So who was right about it?
Going through last financial report total worth of company's assets was £109k and that included cash balance as well.Yes a whooping £109k and someone was willing to pay 140 millions for these assets which BOD thought was too low.Sometimes you have got to love mug punters.
Funny thing is speculation was driving it up in first place, it has no asset .Usual suspects on twitter saw "potential " and decided to spin few fancy fairytales here and there and next thing you know mug punters jumped on bandwagon.This Bid was 100% scam and BOD should have bitten bidder's hand off as they clearly knew that there was no asset and all this company has is 20% stake in company that owns a technical report.FCA needs to step in as these twitterati would kill aim for good.EUA tried it first when they released a RNS in 2019 that a company is interested in buying their asset and can pay up to 1.2 billion.Mug punters went crazy and started buying Eurasia shares like crazy.Company raised 45 millions on the back of ut and four years later company still has that asset and buyer is nowhere to be seen.Some mug punters are nursing 98% losses there.Herd would have moved on but got a little bit greedy this time and decided to dump waarants on mug punters too.
Some research on it and funnily enough this company does not even own the asset.It owns 20% of company which has technical report.From there it was pumped hard on nothing but hot air.Eurasia mining was first company to get away with this where mug punters lost half a billion.But I have got to say they orchestated a professional "p&d"
Have some shame now Neil and apoligise to anyone you tried to lure in through your "ITS style" bs.
Go through Neil's history and that is what his trading style is.Basically you will expect him to find on any bb where company states that it is bust and there is no value left for shareholders and next thing you know Neil is on it trying to "its" it.
Lol Neil, why are you crying now then.You took a gamble and it did not pay off