Member Info for Skeletor

I remember a week ago thinking 28p was a rubbish price for my shares….. would now take a near 20% rise to get back to there. Depressing.

I honestly right now don’t want this acquisition. I would far rather the focus this year is actually delivering production and sales at the 30k level with very clear and obvious increasing cash position as a direct result. Keep the business simple for now in my opinion. Revisit the merger once everything else

Is proven healthy.

Keep getting holdings RNS showing all the buying that has taken place from specific investors…. Yet despite these large buys the sp has been falling in the process so who is selling enough volume to fulfil the buys and yet still add downward pressure? Surely not just combined small time retail investors?

Be interesting to get an answer from one of the buyers on this. Someone is getting it very wrong…. Is it them or the seller.

This is what I mean by “tone deaf” and “humility” how City can arrive on the forums this morning claiming any sort of victory whilst a company he owns 6% of has lost another 30% of value this week and now sits at just 1/10th of the value it was at when her was also banging the drum.

What is most annoying is if he can claim victory on a week like this imagine if it does 20% the other way. Would give a measly share price of .085p (an all time low as of 3 days ago) yet I could well believe victory crows on this forum.

This share price is so terrible that a 5 bag from here would only serve to put this back to mid 0.3s which is still below the “get in the car” comments etc. normally a ramper could be expected to crow about a 5X increase but here all it would at best save a bit if face.

City - you would have been better in donating your money to help under privileged migrants make a better life for themselves - instead you have burnt it on the MOS fire pit and still don’t have the self awareness to either hide in shame or at least acknowledge that you were wrong/have been fooled…

I would be amazed if there is a placing down here. I think CLNs will be next route and that will be the end.

Very impressive.

Love this company sometimes!

Seems like the same thing I dislike (lack of corporate governance and appearance of professionalism) is also enables the thing I love (manoeuvrability, efficiency, ability to do quick and fantastic deals)

Today we benefit from the latter and inevitably I am left wishing I added in the 20s whereas yesterday I was cursing being overly exposed to my TGR shareholding. Classic fear/greed dynamics at play.

Well done TGR 👏🏼

Fantastic to get this just before suspension lifts. If we had got this in isolation I may have been disappointed with slower than expected ramp up but this was already known and good to see them being more measured and realistic with forward forecasts.

Expect to see sp rise today albeit maybe slower than might have otherwise happened.

Love the way this company looks after our investment and money. Just needs a bit more reassuring governance.

Harchris. You are correct and that was the reason given for the suspension. But since we now have the audit we can see there was no issue either then it was delayed.

Harchris. I don’t see how you have concluded that there evidently was an audit issue when we have all since read the AR and it is a perfectly normal Non Modified report.

What is strange and where I don’t defend the company is given it was evidently a non audit issue (else we would have resisted when the perfectly sound AR was released) then just what is that issue and why no communication to reassure us?

I, like everyone else am baffled by the delay and frustrated by communication but to suggest this is an audit issue is inappropriate given the AR got posted literally days ago with the Auditors signing off accounts as “a true reflection”.

I don’t know why we are still suspended but it is not anything to do with FCA regulations as we are compliant. TGR in my opinion are choosing to stay suspended (for good or bad) and we will hopefully find out shortly.

Very frustrating

Normally 7.00am results, 7.30am suspension lifted. This is not normal in my limited experience.

I suspect it will lift today or Monday with no reason given for delay and no further news and we will be left forever wondering why things are just a little bit different at TGR…..

Why has this not triggered the suspension being listed? Would have expected the 2 RNS simultaneously.

I wonder if Myles still invested…. Weird how none of the big TGR hitters such as McNulty, BBN etc commented today on Twitter

Whilst I still think it should have been better handled via RNS I have been reassured that the delay is based on auditor holidays. Proof read happening and could be released today although (I do think over optimism is sometimes an issue here). Apparently nothing to concern about.

Whilst I will not withdraw my concerns regarding corporate governance at times here I will say that Shishir is brilliant at returning emails etc. I feel a little happier than I did at 7.30am.

I also believe the battle against time in getting AR out has been the cause in delay on Q1 update (although still don’t know if this will be positive or not).

Not entirely happy. Most my comments stand but I can’t fault the internal relations - if only external relations were as good!!

@Glengarth. Even in your positive take on the possible reasons it still does not explain or justify the way this has been communicated. E.g. no warning and no reassurance as to no know material reason as is common practice when this happens.

The above is at best appalling communication disregard for shareholders and at worst……

Absolutely appalling.

Even the worst companies give a heads up that this is likely or going to happen. Even now there is no communication from the business.

They could update us that all targets are hit and they have positive cash flow and even then the shadow of appalling communication would overhang here.

Not even a pre-emptive comment to reassure us that there is nothing material effecting the auditors delay.

So I am not sure why the below does not apply to them?….

https://www.fca.org.uk/publications/newsletters/primary-market-bulletin-39

And the rationale that I believe you came up with Andi for no quarterly ops update despite the quarter being such a milestone landmark quarter was they would bundle this with the FY results…. Bang goes that theory.

We can only assume that production targets have been hit otherwise they would be in breach of corporate governance for not disclosing material information as soon as possible that if known would affect the share price.

But the above assumption has no correlation with todays sp. something has to give….

Disappointed to not have got a Q1 update a whole month after Q1 finished. As previously stated - either bad news and material so in breach of governance for not advising as soon as possible…. Or it is good news and then a disregard for shareholders sitting on huge losses (over £20k personally) which could be supported through demonstration of targets being met. Neither makes sense. I piped down after everyone called out the 31st as the date to get this. Now what??

Was the 50k production from Mozambique next year public knowledge via official RNS? News to me.

The quarter is long done. They know the production qty give or take. I don’t understand why they wouldn’t tell the market.

Theories:

1. It is bad news and they are hoping to deliver this alongside some good news (e.g. July is on track)

2. They met targets and given this was guidance it is not worthy of an update.

My problem with both the above is that option 1 would be withholding material information in my opinion and very poor governance to have not advised the market as soon as it was clear (which would have been before the quarter ended unless it was close). Option 2 whilst not demanding an update it would seem strange to not take advantage of the positive news and support the share price as soon as possible.

So - they are either flirting with negligent corporate governance or showing a disregard for the current weakness in the sp….. open and welcoming of a more palatable reason.

Seems the negativity of Nasdaq this afternoon has had a -5% effect here. Shame the last 3 months of positive NASDAQ performance didn’t have the same effect.

MyIPA - you are looking at the contracts n your assessment of undervalued.

I am looking at the management in my assessment of overvalued.

To be fair - in years to come above statement could prove to be very unfair but on AIM I think you invest in management more than you do in RNS “facts”. Without good management how can you verify the facts.

Obviously a fully audited and strong performing set of financial statements is another good verification.

Cheers