Member Info for SocialistB

Come on Boris and team, be financial astute!

If we assume that a test is selling for around £8.70
And that we are going to test people in their millions over the next 18 months, so the nation can return to normality and start working/producing again, then that bill could turn out to be rather hefty.

Buy Novacyt for £5 a share, all investors will be happy and the UK can produce tests on the penny (not to be taken too literally)

United Kingdom would then be the provider of a fantastic product to the rest of the world in these testing times.
And if it was sold with only a FAIR/nominal PROFIT, that could give us a lot of goodwill with other nations.
When we are to negotiate trade deals with the rest of the world, that could potentially do us very well.

Can the AGM go ahead on tomorrow, when the country is pretty much in a lock down and nobody can attend?
Not even the directors themselves.

But since it has not been cancelled, I have to assume it will go ahead.

I am excited/nervous about what to expect.

What are they going to present us with?

Will they give us a time frame for Rogue Baron?

Sajiwin, will they tell us who is behind that company, how well they know them, because I assume they must know them pretty well, and have plenty of confidence they will do right by us, since they choose to sell our stake Oyster Oil for less then we paid to acquire the assets over the years.
And the mere fact that they choose to sell to an, in the public domain, pretty unknown entity with an even more unproven track record.
Well to be entirely fair, totally unproven track record, as all I have managed to find out about SAJIWIN is that they have managed to secure an exploring license in Australia.

I hear you Mysteron, and to often agree with the sentiment of your point.
And then there are times when I don't.
Take the British pirate radio of the 1960s that broadcasted from international waters and the, in my view, positive effect it had on challening the BBC to play more pop music.
It is cases like these that make civil disobedience wonderful. And where I enjoy a law being circumvented.
And then there are times I would like it was not possible to circumvent a law at all.
For instance tax laws, they should be simple and easy to read and follow.
If you earn x amount you pay 20%
If you earn xx amount you pay 30%
If you earn xxx amount you pay 40%
If you earn xxxx amount you pay 50%
No if and buts, no dedutions, just cuff up and hand it over to the taxman.
(But please keep the wonderful ISA system)

In this case, I do not know if it is a good a idea that they can circumvent a law.
I assume it was put there to protect us shareholders.
And it does in the way, that shares can not be sold to others at a discount to the nominal value.

So now the question is can the BOD raise more money in the city, like they did last summer at a slight premium if I remember correctly. Those investors are significantly down on the investment, like all of us are.
I think and hope they will be able to, when they present a credible investment plan for each of Rogue Baron and Sajiwin.

But when will be the optimal time to due so. With the financial turmoil and especially low oil price this is hardly the right moment.

Which gives us a bit of a problem.
Our cashburn is way to high. £70.000 to each of the directors is a lot of money. And if we have to wait 6-9-12 months in this climate, then I think we are paying to much.
I say so, because I do not know if the hours they have put into Gunsynd justifies it.
In some companies a BOD only meets every 3 months or so, others is a monthly basis.
But I doubt any meets on a daily basis. And these guy's have commitment to other companies as well, so they cannot not give us their full dedication. In wich case, maybe, just maybe £70.000 could possibly be justified.

I would like to hear from the BOD, the amount of hours they have put in over the year.

But most of all, I would like to see them set a good example.
Take a significant paycut, and then the possibility of a significant bonus what everyting comes right for us shareholders.

Does anyone have knowledge of how to get these suggestions added to the the agenda for the upcoming AGM, if possible at all.

Is there some circumvention of a law we can make, or even better, a straight forward way to do so.

£1000000 for 115000 test equals £8.69 per test.
We will all need to be tested many times over, to be able to go to work and near our loved ones.
NHS would spend a fortune on this product.
Boris, give us an offer of £5 a share and NHS can test everyone dozen of times on the penny (Okay well maybe not quite on the penny, but close enough)

Any comment on this reorganisation , a question from Mysteron.

I kind of think it looks sensible.
We will need to be able to raise money for Rogue Baron and Sajiwin later on, and if we can't do that with the current share price being so close to our nominal value, then this maneuverer makes perfect sense to me.
And we each get to keep the percentage we already got. This act does not dilute us.

What will dilute us, is when they add another 9 billion shares to our already 6 billion shares.
And what worries me the most, is that we will not be able get in on it.
Literally the majority of the shares could be handed to someone for around £100000
That feeling does not sit to well with me.

Does anyone know what it takes to make an amendment to what is already proposed to be voted for at the AGM.
If, say 5% of the share holders say we want some guarantee's can we get that through at this stage?

Like a sale of 3 billion shares should give us at least £250000
6 billion shares minimum $750000
and the 9 billion £1000000

Anyone with experience in how to add an amendment, please speak up.

Day's ago, I put in a sell order at a limit price with my broker.
I've just tried to cancel it, as I fear I might be selling to low, in case a JV or takeover is going on in the background.
But I cannot cancel the limit order, instead I get the following message:
"Unfortunately this service is unavailable at the moment.
Please try again later.
We apologize for any inconvenience."

Does anyone have past experience with this scenario, does it increase the likelihood that something is going on in the background?

Is Kavalan Whiskey still in our portfolio.
Over the weekend, I had a look at Rogue Baron / Human Brands portfolio and I did not find much information out there.
There used to be a long list of exciting brands in the portfolio, Kavalan Whiskey being one of them.
Now, when you look at https://www.humanbrandsinc.com there are just a few brands mentioned, still interesting ones though.
But what happened with all the others?
Have they been ditched, as management have decided to focus more on the US and EU market and leave ASIA for good (a big mistake if you ask me)
When I decided to buy into this company big time, it was under the illusion that ASIA was the main focus and the expectations was huge for the future growth.
But I guess management know best, as they have the finger on the pulse.

So how will the monies for Rogue Baron be raised? And how will the listing be achieved?

Will it be through an IPO?

Will it be through an RTO

Will the money come in the form of a crowd funding?

Or are we going through PSM - the Professional Securities Market on LSE

I am fine with whatever the outcome will be, but I do have a bit more love for the crowdfunding scenario, or at best a combination with an IPO or a RTO.

Imagine this scenario, through crowdfunding you could sell some of the products at a discount, depending on how much you invest.

Lets say for instance, a £500 investment would give you a bottle of the flagship product COPA IMPERIAL and x amount of shares.

A smaller invest would entail one of the other bottles in our portfolio and x amount of shares.

I have no clue as to whether that would be legal, or if we would get a problem with the law for “selling” liqueur this way.

But lets assume it could be done legally, then it might still be a bit risky only to rely on crowdfunding, so if it could be combined with an IPO at the same time, then that might be a good idea.

But if we could get our product’s out through a crowdfunding, maybe it could already start to count as sales, but most importantly, we have gotten the bottles into peoples home and that together with a good story for each product / good marketing, could create a market rather fast.

I am being very vocal about us trying to become a mid tier miner ourselves. Not at Havieron, we better leave that to Newcrest and stay on as a sleeping partner on this project.
We have other assets that are closer to surface, those are the ones we should have a look at mining ourselves.
But before we get to that, we should start the process of getting of AIM and over onto FTSE, when we succeed in doing so, ii and banks will que up knocking on our door to do business, a complete reversal of the current situation.
Money from the 5% will more then pay for the transaction from AIM to FTSE and proving up another one of our assets.
Then we shall decide if we are better off selling a proven field or mining it ourselves.
I'd day that all comes down to the nature of the given field.
But our rallying cry to ii on the 4th should be, we aim to transfer from AIM to FTSE.
Boy, will that give a spark to our shareprice.

We should get at least 500 million for Havieron + a favourable toll agreement for anything we mine in the Paterson region and send to Telfer for processing.
Being a miner ourselves, would truly transform this company and our fortunes.

YourkshireLife!!!
No no no, please. Not another JV where we are selling 70% for peanuts.
Let's use our 5% sensibly and find the true value of our assets. Then we can mine them ourselves and become a mid tier miner and if we choose not to go that way, then sell them for several hundreds of millions.
With Havieron, we practically gave 70% away.
I want that to worth something, and if the money from that sale can be a catalyst to turn us into a miner, then it was more then worth doing so. No matter how big Havieron turns out to be, no matter how big a asset we almost literally have away, it will be worth it. At least for all LTH

Jonas Richard, there really is no better way to describe it then this link.

https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/

Yes, it could all happen. But only if we the shareholders allow it. By selling our shares. I am trying to build consensus that we should not sell at 10-20 or 30 pence. We can be worth so much more if we make the right moves. And it does not have to be to many years in the future before we are worth much more then 30 pence.

That would be such a shame. I see this as a once in a life time opportunity.
We will get 5% of something deemed to be worth billions for those who mine it.
And we will get a secure revenue years down the line.
With the money we get, we can prove the worth of our other assets and I imagine we can easily borrow against future perceived income from our JV with Newcrest and against proven assets elsewhere.
Well, that is if we become a FTSE company, otherwise forget about it.

We will be selling 5% at a fair market value to Newcrest.
Let's put that money to good use.
1st. Let's get of AIM and on to FTSE, that will open so many doors for us, and I imagine to our shareprice as well.
While we are doing that, let's continue to develop our assets, like scallywag.
If it is promising and we are a FTSE company, talking to banks and ii is much much easier then it is today.

Let's become a mid tier miner. And have a share increase of up to 40.000%
That's what happened to one explorer as they went from being an exploration company to a mid tier miner.
This article on stockhead is well worth a read.

https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/

Many explorers amount to nothing or next to nothing.
Exploring is a tough game, and for the few that succeed, it's a shame if they do not take full advantage of the situation.
Havieron is a world class find, and we have other assets, maybe equally good, but that is properly just me dreaming.
One thing is for sure, it is several assets with gold and mining them could propel us to a mid tier mining company. Others that have succeeded have risen by 40000%
https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/

With the assets that it looks like Greatland got besides Haverion, I think we should be able to replicate this stunt and maybe even exceed it by far.

This company went from being an exploration company worth 3 million to a mining company in excess of 800 million

https://stockhead.com.au/resources/this-is-how-3m-market-cap-minnow-ramelius-became-an-850m-gold-miner/

If the link does not work, google: STOCKHEAD RAMELIUS RESOURCES WATTLE DAM

Dear Woodlaker, please please consider selling your shares.
I have tried to buy yesterday and today, but can only do so at a negotiated order.
Please put your shares up for sale, I'll be happy to buy them at 0.011, just slightly above the 0.0105 when you said "SHOOT IT"

Hi Jerryspaniel.
Firstly a thank you for taking time out of your day to write 2 very comprehensive post about what was said and done at the AGM.

Somehow I feel obliged to comment on one of your remarks.
There is a simple reason why I would like a dividend in the future, when all is up and running and we are receiving 25-30% of the revenue from a huge asset.
It is money right down in my pension pot.
And I would not be interested in selling 5% of my shares every year, and that way around diminish my return.
At today's prices, I expect a very healthy % in return on my investment, starting 5 years from now, and then hopefully lasting 20 years afterwards, as this is potentially the lifespan of the mine.
So I am much more interested in GGP getting the 25-30% of a yearly revenue from their Joint Venture with Newcrest mining, then in them selling their stake to Newcrest in the near future.
Then I hope they would be paying 90% of this revenue out as dividends to us shareholders and keep the remaining 10% for annual expenses and development of future prospects.
All the while still keeping a tight ship as they do at the moment. There is no reason for an exploration company to balloon up and get to big overheads.
With the quite few good prospects we already have, that could add significantly to a yearly dividend, when they become operational. But again, that is unfortunately years out in the future and not right around the corner.
But a healthy and consistent dividend (maybe even just the prospect of one) ought to drive up the share price.
I am here to play the long game, as I see it, as the best way to get the biggest overall return.
I do not feel like quitting on a winner for a 20% increase or double or triple for that matter.
But I guess each to their own investing philosophy.
One thing I am certain about is this, everyone invested here in GGP today are going to win however it unfolds.
Or maybe more correctly, I certainly hope so.