Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
...How so many posters, who most LTH have never seen write on here appear on days like this .... can't be anything to do with pressing the knife in for the lowest possible bottom feed then....
As to the wee man. I see catching up here and scan reading the posts. He admits what we all knew. He was shorting this all along. Posting 14 times to the day, & then has the brass neck later today to claim he didn't reveal it, as he would be accused of talking his book .....!!
Investing has days like this, and they are not pleasant. But I refer him to the last comments I made here to him a couple of weekends back. I Quote....
"If It doesn't work out, and it may not fully accept. I will at least blame no one but myself, and be happy in the fact that I didn't try and overtly influence anyone else, & to their detriment.
Hope you will be able to look in the mirror and be able to say the same."
I will accept any losses on the averages I quoted, as per the above. But as someone else said, in a more robust way. Your actions, regardless of the current company issues. Still firmly show you up still as a small man with no moral fibre. Only extreme self interest.
Enjoy your unedifying gloating. But remember, that in life, what goes around comes around.
Indeed @Iam.
It's a slow n painful ride here we all agree. But it's called investing, and sometimes it simply doesn't go at the pace one would like.
But we also know that on every BB there are those that are the bar stool critique types, that love to remind everyone on a regular basis of their opinion.... as if no one had heard it before....
I am also invested in HZM, and there is one in particular there too.
Though in his case he's clearly short, or a day trader always talking it down monotonously to make a few quid in low market times. He calls the other investors there losers, but then spends all day posting on the forum his negative carp ..
Here, I am not so sure that's the case tbf.
More just someone who likes an endless moan, as he's admitted in the past.
Hopefully if he's that peeved he will spend his time a bit more constructively badgering the FCA rather than bar-b*tching here... Good luck with that.
Thanks to all the cool whisky recommends. Some I know, most I don't.....
@Loon....
So, &: if we hit £3 in the next two years. Happily buy the best one of you with pleasure mate to sip at numerous Xmas times.....!
If it hits 30p..... maybe will still tempted, but then to drink my fill to anestertise my the loss...! :-(
Balls in play, pitch today is very tricky no doubt. But hopefully form is just temporary, but class here will be permanent !?
Cheers.
In terms of the SP.
My other thought, as I have said before. Is that whilst I almost expect big swings in these stocks, and can live with the fact I am a long way down on paper etc.
The fact it's where it is will mean that even when/if it does move up on reasonable news. It's got a way to go now, & through the usual day traders who will inevitably take their bites out of any recovery... simply to reclaim it's old position.
There may just be nothing that MB etc can do about it to bolster the price currently. But it does mean the multiples needed, and the traders to fight off in the meantime will make this a longer road than most of us expected I fear?
Hi Lethal.
Personally. I don't see an RMM here.
That share had a very good resource (Almost 2% Cu etc, strong location - Canada etc etc). As here then in terms of a similarly in demand and good grade resource. Though ( in theory a riskier locale herr)... But that share was a long way in advance of this one. In that it had an active Cu mine with strong ongoing grades being reconstructed and developed to a commercial stability.... In Theory :-( But with an infrastructure in big need of turnaround. The issue that caught all investors out there was the total inability of the management to control the finances needed to achieve the later IMO.
They also had a hard time owning up to the fact that whilst they made some great strides in the mine turnaround. The good technical progress was over stated compared to that inability to stabilise the finances. We were not made aware till very late how poorly they had run the money side....
I think the CEO structure there let a lot of us down by not getting in competent CFOs to go alongside the clear mining improvers they did do well at an earlier stage.
I am being charitable. Since it's now unclear of course if all that tech progress wasn't a bit of a smoke screen, and behind the scenes that were always looking for it to fail financially so it could be sold off cheap ( as it's being sadly). To AN Other. AIM can be a real lifestyle trap as we both know....
Either way it was another AIM flop, despite the potential clearly for the avg Joe Public Investors like us...
To me at least ACP is no where near the advanced stages that was at. It's not got the technical cash burn therefore. Though it's lack of progress is very tedious. I try and understand the dependencies personally. Put it this way. I am not investing more now, even at these v low prices, until I see some material go forward from the CEO. But I am not jumping out either.
Just my thoughts. There isn't really much to go on here given the lack of Comms. Is that bidding something. Or is there genuinely nothing much to say until other areas move forward. Guess everyone has to decide for themselves.
Cheers.
Thing is Wee man.
If this is so much, in your very own words.... "A losers forum".... your definition.
How come, and by your oft self-professed view. That you, a seasoned "winner"...... are regardless seen here daily..... in fact multiple times daily (14 posts in 24 hours the other day) on a losers forum. Tut tut.
See any irony in your categorisations v your daily actions my friend ....!
Anyhow, I think that's now Check and Mate. So no more need to converse with you further.
I will have to slob along with my 73p trading account, and 113p ISA average (a total loser no doubt), and just have to see where my shares take me in a year or two.
If It doesn't work out, and it may not fully accept. I will at least blame no one but myself, and be happy in the fact that I didn't try and overtly influence anyone else, & to their detriment.
Hope you will be able to look in the mirror and be able to say the same.
Hey Wasa.
Just in from a long day.
Saw your Whisky conundrum.... Mostly a beer man myself, as an ex Rugby guy. But my FinLaw introduced me to Malts at Xmas time some years back. He was seconded to Scotland on business, and so knew a thing or two about a dram or three.
So whilst no expert, I like still now a nice Glenfiddich at Christmas, or a more peaty Macallans or Laphroaig etc. But I know what you mean on cost. My favourite special occasion tipple....Lagavulin 16 (was already a very pricey Scotch pre the rises), I saw in an up market (not my usual haunt by any means) supermarket for £80+. When I remember it at about 45 not so very long ago ... :-(
Inflation is cutting into investments then. Agree, & have no doubt.
As a dull aside, I see also the out resident attention seeker..... the 'Wee' man is still churning on....
I saw earlier an interesting categorisation of these sad types by another poster.
Hard to know if to dislike or feel sympathetic to the little man.
Being charitable though...... bless!
Maybe when he's over his problem we can all meet up over a glass of Tamdu, drink to HZM and console the little guy....
Cheers.
Don't blame a small wee man like you for the troughs in a share like this. Your not important enough frankly. In just the same way as the uber bulls on a share BB don't take the credit when it rises.
Just had 5 minutes to reflect on someone who posts so much and with so much distain for the subjects motivation.
But now, & unlike you. Have better things to do than read this BB all day, ax work to do. So will leave you ( as assume this is your work !), and your posting frenzy to carry on.
Have a nice day wee man....!
12 posts from the "count" in just 24 hours. All as usual talking it further down. All on a share that he clearly has no time for. Odd behaviour you would think?
To what end is the obvious corollary.... has to be working his short, rather desperately. Or a pure trader looking to squeeze it as low as possible to profit again from any rise ( sustained or otherwise) strikes one. I did previously ask why he needed to keep attacking it, when if his charts are so accurate. He could pick up the 20% easy on that recent 130 to 160 jump, and just repeat until production. But suspect there is more in play for him than (perfectly reasonable, if risky) day trading..... has to be. Or why all this effort?
There is I suppose also the crazy thought he posts all hours of the day to seek "truth and justice", and to save people from themselves. There is one or more like that on every BB as far as I have experienced. Or so they all claim....mmmm right.
Incidentally, by he way he writes (ego so very much to the forefront at all times). Just doesn't strike me as the charitable type really does he.... lol.
Oh and being one in the camp of publicly at the time disliking the deal, and seeing the share price thereafter to a large degree back that opinion up. I can hardly be categorised as a ramper, whom he likes to badge others on here as.
But I do remain reasonably highly invested. As I still view this one (warts and all). As a good prospect in the current admittedly bear market.
@dee.
I don't think that this Amtech character is a trader at all. Certainly not a proficient one at any rate...
Point is that real traders in my experience will be fast on their feet, realise if a position they have taken is not going as planned, and especially not to their desired, and usually short term time frame.... and fold.
Take a loss if needed, and rapidly move on to a new, or perceived better prospect and look to make good ( and more) the hit.
They certainly don't sit around for months, years even on a share that's not planning out and simply whing away on a chat BB. They are about making money, and chat BBS are only useful to pump and dump a share. Or talk it down sort term for an entry if it's running away from them.
What ever this guy's motivation is. It's not as a strong day trader. Even if he's gone short. The time he spends cumulatively on here makes that hardly worth while you have to think.
Suspect he's just the bar stool moaner. Nothing more nothing less.
@Cool
If it helps (and happy for anyone connected to HMRC CGT or otherwise experienced to add to/correct).
My digging on companies house indicates that there was in fact a request to wind up the company submitted by Solicitors on 16 June.
This was upheld and actioned by the court on 9th of August.
So it appears to me that legally (in the UK at least). The company has/is being liquidated as we speak....
As a result, from past digging on the HMRC CGT guidence. If, as seems now the case. No monies will come back to share holders.
I believe one can write to the CGT department and petition that your shares held in a trading account (N.B. NOT any that were moved there from an ISA). Are then of "negligible value".
If this is accepted, and can't see why it wouldn't be, once this is finished. Then one can make a claim for the monies spent on buying those trading ACC Rambler shares as being a CGT loss to be added in for this financial year. Again, if agreed by the HMRC. Your allowance of 6K profit for this year can be increased by that extra amount before you pay CGT on any profits elsewhere.
I am not a tax lawyer. But that's my interpretation of the somewhat murky details I have looked into.
HTH.
Thanks @Dipp.
I did read about this, will take a look.
But tbh. It's not solved at allis it..... as I am not your target audience in reality.
You need to find a way of bypassing the fog on LSE generated by these obfuscation posters frankly.
Newbies won't go to your resource. But to likely LSE, then ADVFN, & in that order. Be put off by the bun fight resulting from these numpties tactics.... And sadly move on.
5 years ago, rather than Paddy & a rational debate ....if I saw what I see now. I would have ignored this one too... That's the challenge.
Let's face it on AIM, & with the current macro. There is tonnes of competition for a generally spooked, & a clearly shrinking investor base..
It's a hard one to solve. Filter the numpties, but then you exist in a bubble, and all the new investors see is the disruption posts. Fight them, and it's reduced to an unedifying spectical that turns off fair minded types.
I look in at weekends still, not for this,but for green shoots, and progress to the hopeful mining endgame.
But it's getting harder to do so sadly.
Rgrds.
Not a chartist. Though would be v surprised on AIM, and especially with the real low volumes and unexpected external influences. They can tell too much with any consistency?
Anyhow, even if they can, then, as the price here was about where it is now in mid June, say 1.38 odd. Then by end of first week July peaking at 1.70, and a second bite available, By mid July was again 1.65...
If our friend so digs his 10, 20 or 30% trades. Then there was 20% odd for him in a matter of weeks. If he bought n sold it just right.
Do that consistently. Then no need to talk it down. Just let the usual trading and macro ebb n flow make you money strikes me?
Now I, and certainly Wasa (by his own admission), aren't good enough to commit to that to any degree.
But the "count" claims he sees all, gaps and all. So why doesn't he just do the peaks n troughs outlined, and then no need to try and influence anyone here. Especially when it's falling.
Seems to me, as the Feelgoods sang .... (S)he's a wind up, wind up!
@Sure.
I do feel sympathy for those on here in the week just looking to review technical, and business data with sensible, respectful & concise dialogue with these 'erberts now on this board.
These two monopolising this BB with this new "method" must be deeply annoying. As said. I only scan read the weekdays..... But FFS..... Though I like the fact you call , that the usual trolls can't even compete with the machine gun posters! :-s
Personally, I still hold a few here, and macro notwithstanding. Am still very interested to see what happens as initial access to the Ore top and production occurs next year.
The whole takeover of the JV partner. My view, is the sooner it's done, and all parties can get on with clarifying their ongoing positions, and agreeing a way forward (or keeping formally, the status quo), so much the better?
Cheers.
If I read the GGP BB these days, it's usually weekends. As often there is some interesting technical inputs. Or other detail, & that's not flooded out by either the mouthy trolls, pro and anti.
But I note today, and to be honest scanning back several days/weeks??
There seems to be a proliferation of posting by a couple of individuals that are certainly not the usual pumpers, or naysayers.
Rather, & with the volume they put out, many many posts a day. All a bit opaque, and open to subtle interpretation. But all in all repeating round and round, with no seeming end. I do have to wonder if the disruptive influences here have decided on a new tack?
Either that, or these couple of individuals are just ones that have an awful lot of time on their hands, and no self awareness of how desperately boring, and repetative are these circular witterings..... ?
Sorry, had to be said.
Frankly when I first read here in 2019, it encouraged me to read up further on the company, and take it further such was the strong inputs. The current board makes me want to run a mile tbh .... But then, perhaps that's the more deft game being played by a few here?
Cheers.
Briefing out.
No financial detail of agreed sale. Next info likely 11/9 it says.
Fair enough @Amtech.
You have your opinion. Yes agree it's impossible to fully tell if people speak the truth. You don't trust Wasa from your comments. That's up to you. I have had several investments he's also been on. I take a different view based on the evidence I have seen cumulatively. But that's just my opinion granted....
End of the day. It doesn't matter. You either wait it out here to see if it moves forwards. Or you sell up as you think it's not going to. Pretty simple.
Wingeing on a BB every day for months and months seems pointless waste of time to me. But that's you approach, and you seem to have the time to do it....
So carry on....
@Wasa.
Thank you for the various updates. Especially the ones involving actually speaking to the CEO. A more useful source than reading the repeat, and repetative themed posts usually here.
In my time with shares here, progress has been disappointing of course. But it's clear the circumstances dictate, especially in that locale, and it is what it is for now.
Personally no one can be happy with a share price that even in my time here has dropped from a high of 6s to less than a penny, we all get that. But that's just lack of news clearly. AIM always wants progress yesterday, and is rife with traders, as we all know.
Aside from the inherent risks in investing in Africa. With its usual pace and corruption issues, blah blah. I don't see much has changed in terms of the resource potential. That's why I am still here tbh.
So I have taken a further few steps to average down a bit as the price has dropped. Not to silly levels. But everyone has a risk profile they feel comfortable with, and it varies for each individual's circumstances of course.
It's now a simple hold and see for me, as afterall it's an "investment". You either think it has a chance to work for you, or you don't. Either way, it's clearly not a get rich quick yesterday scheme anymore, as some hoped!
That's not to say I wouldn't like a bit of go forward in the progress and news flow. I sure would. But if that takes time. Then as long as MB is still committed, and from what you say he still is? Then I can live with it.
Ta for the update. Didn't tell me anything I didn't summise. But it's nice to hear it confirmed from the main man.
Back to dozing on this one until see one thing material happens.
Cheers.
@Tardis.
If it's of use. Mine and my wife's holdings via Iweb (Halifax).
Are all still visible. No valuations of course as delisted etc.
But the overall total number of shares is still present.
What they did do about a month after the delist end of April, was move the 9 tenths of our shares we had in ISA's into the linked share dealing accounts.
These are now in the SH accounts with status of "Inward Stock Adjustment".
Not holding out great expectations. But academically be interested if there is any left over monies to holders. As to if that proportionally would be credited back to the ISA's or left dandling in the SH acc.... It should be passed back. As though you can't hold the delisted stocks in the ISA by the rules. That's where the investment was made, and if HMRC are to refuse you making a CGT loss as it's now in a SH account due to that fact (originally ISA money). So then logically, any monies arising from shares purchased originally in the ISA wrapper should be returned there!
But suspect that's going to be academic, and if it isn't we will still have to context our brokers to fight to make even that happen.... :-s
Hth.
Zippo volume is there Bwana.
Seems the case on most shares on this market for now. With others having more relatively depressed valuations, and a few with probably a faster climb potential. The traders are not so interested in this one for now. Other than for a few pence uplift - 1.65 a week or so back, and the retrace to 1.55 giving 10p odd for the brave & as discussed then.
Dull yep. But in the current market I think holding a good core here at a reasonable average gives about as much solidity as anywhere right now. But don't expect any short term multi bags of course.
Cheers