Member Info for SimonThePieman

Looks like someone is desperately trying to sell into this placing. Up to 0.17 in Oz then a million sold and back to 0.12. A million to most of us would mean a loss of hundreds of thousands of pounds. You can't touch this, it looks like they can't give them away.

I reckon they are testing the water to see at what price anyone will be interested to buy in. If nobody at any price [as it seems by the volume] then they might issue enough shares at 0.4 [or less] to completely swallow everything. So far the market has shown no interest at all. From 2.5 to 0.4 on the back of the latest placing.

Metminco to offer 5 shares for every 2 shares, [two days later] Metminco to offer 7 shares for every 2 shares [two days later] Metminco to offer 9.5 shares for every 2 shares. It looks like it's going to 11 shares next week. Why would anyone fall for this given the fact they have spent hundreds of millions of cash, sold their main asset and now there talking about money for a drill program on a tenement I've never heard of and I've been in this share for four years. I keep the shares for the laugh.

The Regulatory News Service is supposed to be used for information that is price sensitive, such information should be released to the market. Why is the company using this as an advertising platform? What is the price sensitive information in this release. This is advertising.

Again. Even greater dilution at an even lower price, now at 0.4 I believe. Is it even legal? The next thing will be a dilution. They will need more money. Steer clear.

Revising the revised catastrophic dilution of shareholder value for working capital. Probably suddenly realised they have to comply with some something in the law. How inconvenient. I was buying 10k chunks of this junk at 3,4000 a time. Now you can buy 10k for 110 quid. No more expenses money for them lot.

I think the 9p placees are dumping whatever they can at 9p and above in traches of 50k and 100k. I don't know how much they got rid of but it's about 2.5 million so far. It can't be anyone else since they are the only ones with that kind of volume to let go at a profit. It's disappointing but hard to buy at 9p plus when someone keeps selling it.

Asset stripped and sold on. And there's nothing you can do about it. Your money has been taken. Then done you good. They're all laughing.

How can you trust them? What is there to invest in? Who can say this isn't a scam? They were pleased to announce that the current shareholder are going to lose thousands of pounds. The share price is 50%+ down when their last breath said 50% up. Who are they. If you are a mug punter. Line up. Note: Consolidation followed by dilution whilst salary for the BOD. There is nothing here.

Big F.U. to the shareholders here. Support their lifestyle? No thanks.

marketing - lots of mug punters - dilution - consolidation - more marketing - mug punters - dilution - consolidation - more marketing - some mug punters - dilution - consolidation - more marketing - few mug punters - dilution - consolidation - more marketing - nobody. Who would be stupid enough to fall for it again? They want us to pay for them to supervise 'a drilling program' - hahahahaha.

Is there a worse company - needs salary - spread 100% - Share price down 99% in three years and they delivered nothing!! Where is the Los Calatos money gone?

On further thought, it may bring the locals to their senses because now they are gonna get nothing. Maybe this is a negotiating position. Looks like a win / win. How much money will the company save by not having to deal with the village. .

So why didn't they do this in the first place. If the mine can be active without interfering with the locals why didn't they design it like this years ago.

'Once permits are granted' and once 'the local community agree to resettle' - Then this share will take off . But what if the permits are not granted, what if the local community refuse to resettle, then what? The price to NAV, in the presentation, of 0.2 compared to other miners is a pointless comparison because without those two agreements the asset has no value. Also isn't there some bleeding heart international charity campaigning against Condor on behalf of the local community?

Clearly the RNS is designed 'not to inform the market'. In Canada on the TSX the CEO has to make a brief statement as to what an RNS means. Clearly not the case on the LSE. Has 97.5% of the debt been wiped out or have the company simply paid the loan note holders an amount to create a new agreement that kicks the debt further down the road. If this announcements satisfies the requirements to inform the market of price sensitive information - I am a fish. Surely we should be informed as to what the solicitations were to which the company was seeking consent.

RNS out. This one could be significant but it's hard to decide which of the updates will bring in the bacon. With all the JV when will we know if we made any money?

Getting sold, does anyone know why? It's lost abut 20% in a few weeks!

Can't be worse than now. Let's hope for a recovery.

Dual Listing comes ever closer.