Member Info for Sirious

You've got to see the ridiculous side of it, the largest economy in the world can't agree its government budget so they close. An interesting side effect seems to be that peace is breaking out everywhere!

Why do prices always drop just before good news? Could it be MM's shaking the tree?

I suppose there is a chance of some news this week confirming no objections to the permit, but that's the most I'm expecting.

I feel permits are already factored in. In my experience the AIM needs real proof before things move. In other words production, so don't be surprised if there's little action this year. That said, this has great potential as a 2-year punt

Marbella, thanks for the clarification, I had confused the 2. In any case, it's all looking good going forward

Reading the trading update of 11th Sep, it states: TOM has commenced drilling activities on its Holliday Block to appraise the water quality, quality of any aquifers and the permeability of rock below surface of the Holliday lease area. Utah State law requires that any facility that discharges or may potentially discharge pollutants to ground water must have an approved Groundwater Discharge Permit from the Utah Division of Water Quality. Drilling activities are expected to take approximately a month to complete, with the results of water quality and permeability testing expected by year end. Surely the issue of a Permit is dependant upon those results being satisfactory, which would mean the permit might not get issued until the new Year? Or have I misunderstood?

AH, are you saying you think the water permit is already factored into the current price?

Given the slow seepage of price, has anyone heard any gossip about likely news on Friday?

As a new holder, what makes you sure there is an RNS due this Thursday?

Check out AAU, great RNS today for a 12 month punt. She's on her way...

TheGibb, It's a bit chicken and egg. The cash in the bank holds up the share price - I've been saying here for months that it is incorrect to state this share is undervalued based on that cash. If receivables are sorted, GNG are less likely to default on interest payments. The CULS holder will only convert if they see value potential increase, and that can only happen if revenue grows - so at the mo GNG must have cash in the bank to pay interest. It's a bit like taking out a loan and then using the borrowed sum to repay the loan. The only way out is to increase revenue

Wish I had a spare £5K to top up

To be fair, monthly updates might be a bit much for such a small organisation, leading to unintended volatility. However, reading between the lines, it loos like it could be some time before we see any real improvement in the receivables situation, which could mean 12-18 months! Thanks for posting the response on here

Good luck getting an answer!

Lates report stated they had a large amount of unrecovered receivables. I suspect it's a lack of capacity to monitor such things as they have stated they now have an employee managing the issue. ie: there wasn't someone doing this previously! Strange way to carry on indeed, but hopefully this will now improve things and we will be in a much stronger position in 12months time.

Believe me, if I had spare £k's I'd be buying now, A: to average down, and B: it's a bargain price right now

Bet you wished you'd waited now!

I see today's news as a full stop to the last 18 months. The key to success going forwards apart from the obvious BD will be to sort out this ridiculous revenue recovery situation. Hopefully this 'dedicated staff member' will resolve this. Nothing else works if revenue is not recovered from vendors. My Co went through a similar situation and has come out the other side resulting in a triple increase in our share value.

this week?

Bit surprised there's no price movement at the mo. Thought it would be going up (or down) pending audit news by now. Unless lack of movement means the current price reflects the market view on the share value post news!!