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We all dabble in shares to make some money, sometimes you win, sometimes you lose. Its all a gamble because we never get the full picture. So while history here says don't touch it with a barge pole never say never. One thing ive learned over the years is don't get attached or loyal to any share. Buy and sell, no such thing as a bad profit.
What a patronising post, people with weak hands, bored etc. Maybe they have more sense rhan some others. With only 1mil in cash,that means their project is valued at 8mil.does anyone think they could sell it next wk for that,. 1mil could disappear in a breath by the time personal expenses are paid.
Eee may or may not come good nobody really knows, it's mostly speculation. If anyone wants a share that could give possibly a earlier return you could do worse than taking a look over the weekend at UJO and Prim. Before some of the Eee warriors start shouting this is Eee board I know it is and don't really care about any protests. The wiser ones might take a look and judge for themselves.
Good luck to you Sprinter, I took a hit and got out, maybe it will be another ggp. For every miner that makes there are dozens that don't. I would think somewhere in the background there will be Greg Kunzel making a very good living out of this, maybe as a consultant etc. The old team of what I can only call con artists won't give up this cash cow, especially with all the enthusiastic rampers who really know no more about this Co than the people who eagerly soak up their B + LL S ++ T.
The correct date for eee is any day you have a profit or only a small loss. If you look back at this company you might decide to pull your money out. There are many far better prospects around. Maybe look at ujo and ggp.
The old and true saying, " if it sounds too good to be true it probably is" comes to mind. I notice 350k goes to a third party which may well be some specialist company that could just be the eee directors etc. So they have already got their Christmas bonus in the bag.
This all sounds very familiar. 3 name changes, 3 fabulous prospects but nothing to put in the bank. Will be interesting to follow this one. Does seem very much a rinse and repeat. Wait and see but don't hold your breath.
Looking at the bought and sold numbers only around 400k bought overall = around 6k, so a very small amount. Maybe just a few people taking a punt and some getting out. As they had only £428k at the end of June and thats including the fund raise, it would be interesting to know the actual cash in hand now. It may well be just some loose change in the bottom of an old cocoa tin. They might have trimmed costs but i think the " small team" will still want to live well. The previous 12 mth they managed to spend £900k. Even if the permit ever does come there likely won't be any cash to do anything but pay the return trip to oz for the christmas party.
To reach 12p the mc would be 1 billion, totally unrealistic. 3p more achievable but might still be a struggle. Thinking the number of shares in issue doesn't matter is not understand the basics. There is only one cake ( ukog) the more pieces the smaller they are. Its that simple.
If ukog can see a cash rich future it would help us all for them to be buying in substantial numbers of shares to hold in treasury to sell at a higher price to raise money as required or cancel to reduce the shares in circulation. Thus increasing the price for everyones benifit.
Good old Eric the wise, found another pile of bullshine .
In my opinion, without a doubt it was a con from the start just like the previous company (nmg) the whole process here as been a mirror image of nmg, which was why I have been doing my best to warn people they were going to lose their investment. I'm sure they will form a new company from the ashes Geo and do it all over again. Nobody knows how much as been made by people involved but it will be a sustainable amount. No bad luck or misjudgment a con trick pure and simple. It works because we are all want something for nothing.
The only things they would try is a consolidation where they give you say 1 share for every 10 that you now hold, SO price now of 1 p would become 10 p. Or perhaps they could issue an rns with really good news ( true or false ) then do a quick modest placing and pay themselves substantial expenses before it all goes breasts up. Personally I wouldn't trust anything coming from Geo or Eric. My own opinion that I have stated many times is that it's a company set up by professional con men to fleece investors. They are very good at what they do so it's not surprising people are drawn in , they tell a very convincing story. Like I keep saying there never was going to be any gold, copper, silver, joint venture or a mine. Just my opinion of course.
Be very uncomfortable on a sunbed mattress stuffed with fistfuls of cash
What I don't get is why it's thought that the said permit will make much difference, maybe a short lived spike if your lucky, a chance to get out. But then drilling for the next however long till they pull the plug and move on to the next big money pit.