Member Info for StrummerJones

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

Wasa.

No. In my 4 odd years now. As said the other day. Was offered 9.97p for 1Mill on a dummy sell when it spiked. Highest I ever saw was about 10. 1p intraday around that time a few years back pre the deal etc.

As to holdings. I see it like war. The victors tend to write the history! Everyone else is too ravaged or bombed out to have the energy to contribute.

I hold/held a couple of other shares the same as you I know, and yep they have struggled in recent times (ACP I still hold in volume, but that's been poor with no news to date). I only held GRL for a short time. Didn't trust it frankly, so sold at a bit of profit around 11p, and now it's bombed to 2p and is suspended I know. Sorry for that one....

I also have been toying with ALL, that I think you are in. That's well down also from it's 66p highs presently. But I am tempted in there, as looks too low to me... If IF....they get the government agreement for sure.

Diversity works when it works, when it doesn't then it's easy to say stick with one more "solid" share of course...

That's life I guess. Each to their own strategy. Maybe a mix is sensible on AIM. But with more in the likely steady plodders?

I was lucky by seeing GGP go from 1.6p on first invest in mid 2019 to 38p in a year.... But it's in the doldrums now, and I have to regret holding on to my last 1 Mill odd there when I was offered 37.6p at the end of 2020 to sell!? Muppet in hindsight of course. But then I had 7.7 Mill at peak and did off load 6.5 Mill of those on the big up when it looked silly bubbly... So it's one of those things. Win some lose some. As you know RMM has been a bitter one for me. But that's a lesson on believing a great resource can override dodgy financial management .... That one proved it couldn't sadly....

So my take is that....Anyone that tells you they always time it right is either dead lucky, or telling porkies suspect!?

Cheers.

I assume that with the 10 day add. That the RMM website may see an update on the bidding process/status at least early next week. It's the least we are owed.

That's the only "official" source I was aware of. Please correct if misunderstood.

Personally I had written this off. The extension made me think that competition was there, despite no formal confirmation of the parties etc, which was obviously positive rather than a perfunctory or unopposed grab?

I still am tbh highly skeptical that existing holders will see anything once the creditors and board take their cut.

But I guess it will be worth checking the company pages next week to see if any more detail is let out.

I hope I am wrong on this one of course.

Huge music fan. As maybe sussed from my moniker ...

Old gig pogoer.... But recently into streaming in attempt to get into century 21....

Revisiting both newer, but also classic tunes.

Tonight playing The TH.... Fear Of Music...

Always loved "Heaven".

Love me playing right now "Heaven, Heaven, is a place where nothing, nothing ever happens".....

I am chilled to it. But it would be agreeable here to get a little move forward as the directors see appropriate...

;-)

Oh well.

Much as predicted a day or so back. AIM, doubly in the current larger environment. Is more and more a trading platform for many. They are generally silent, and don't talk about abstracts like "divis", or valuations 2 years hence...

Personally a 6p odd little rise isn't the time to sell off. But for the 2-8k, and even the 200k quid sellers today (?).... It clearly was time to cash in some chips.

But then again. Suppose, I ain't never yet sussed out this index.... Being brought up on the older investing platforms.

Ho hum.

Agreed.

Progress seems good at the moment on the ground... But you never know what's round the corner technically of course. The SP is gradually bulking the all too dead Marco environment, and general interest in AIM mining explorers/early stage implementors being shot at the moment.

I personally prefer it to slowly gain momentum tbh. It's what about 8.3p old money, and been a long road back to the 10p highs of several years ago. Fast peaks on AIM, especially in the current climate always mean profit taking and fall backs as we all know...

I remember being offered 9.97p at peak to sell a Million. Must be almost 3 years ago now I guess? Decided to sit on hands.... If I had been smart and rebought those on the crash after the deal at what sub 5p.... but yeah, all cosy hindsight hey...

So will be happy if/when it goes to that and beyond, which seems in compass barring black swan, or implementation foul ups I suspect.

Cheers.

@mapp.

Rarely bother to read or comment here now. It is what it is.

But as it's Friday had a quick look and saw your post.

I remember you from when first in here & researching on Aim, 2019 odd (?).

I know you are an old lady then, & with a tendancy for "little poems" of warning....

So sorry if time is catching up now, and your fall hit you. Really am.

I wish you well, you wacky old soul. Some things in life mean far more than many a quid. Best wishes.

Rgrds.

Hi @Lethal.

I think anyone invested in ACP, and bearing in mind the usual AIM "murkiness", plus the general investment poor landscape and sentiment currently....

Understands your frustration mate.

This one has been hamstring by both the above. Plus the inability of the project to provide any useful Comms in my 2.5 years odd investing bits in here.

The underlying assets, plus the seniors buy in and lack of usual lifestyle burn ... Still make me think that summet may/will come of it.

But like a lot of these presently. It's a slog in the current climate ... no doubt.

I have put monies in here at high 4s like suspect you..., low 4s, averaged down in the 3s,2s, and again all over the 1s.

That all amounts to 5 Mill held at 3.61p. that's what about 0.86% of the company I guess?

I intend to wait now, no more adds. To see what the first real RNS Comms looks like in the last 2.5 years. I try and understand that the process is slow, and that aspects have arisen that are beyond control. So I am curious to see how that turns out. When it finally lands.

But equally. I am not one of these retired, share hobby groupies so prevalent on AIM. Prepared to wait, but want a return eventually.... Think that's important.

Anyhow. Back to sleep until something worth discussing. But just to say. We all hope it will be worth it in the end my friend. But for now. We just have to take it with gritted teeth, and trust our time will come, based on the asset value ultimately. But it's tough.

Cheers.

Emmmm.

Generally have no truck at all, with the on every BB quoted..

"MM's R corrupt, out to get me, blah blah..." crowd.

They generally always seem to me make a play, & a profit, on the spread v us guys.

However... If one assumes, the 500k X 2 trades, are buys, & at what, 140.5p odd ?

I do ask myself..... If I was now not without funds, not having bought here from 2p to 9p old.... (Now 40p to 180p).... AVG 101p, but now no ammo ...

Would I, right now get a million shares from the MM types, for a fraction over 140p....... Emmm. Thinky not....

I kinda doubt it, as said...? Anyone with cash of that type in hand..... Feel free to back the system up, and say you have done so... Fair play?

I do think though, that these "buys", while the price stays so very static..... Cannot reflect, in an illiquid share, A true enough picture of what's going on ....

Or does it ,........."Mr Jones"..... With his pencil in his hand...!?

Simple question for FTSE, Nonsense, and all those...... "Word on the Street" types..... That post "rumour stuff".....

In competition with what, why 113, when 15, and a pot to pi*s in will buy it, no comp? Quote a rival bid structure.... Or just desist. A source at least...

Some, maybe not you. Have written off here multiple hundreds of thousands of pounds.....so don't F*CK with Mr Jones!

If we are to believe that we may even get back.. A few thousand pennies.... Please don't presume to so mess people about.

If you are so doing..... then you are worse than the 3 stooges of old, Monkey, Moon and AN other. All varying wierdo, & clearly non working stay at homes....

Facts, or Fact off please.....

I think that that is a real possibility.

Not saying it's exactly the same. But 4 years ago I held BCN. A nice tidy Li setup, - not Ni granted, but still in demand metal potential.

It had a big brother along for the ride I recall (Chinese in that case - Genfang), and within a fairly short timespan they moved in.

I bought there around 30p. Genfang maneuvered, and eventually forced the BOD to agree a sell out around (from memory), about 65p (?) For those still onboard. So yes a decent 100% for sure.

But ... Most all, any stage, investors could see that that one had the potential to go far far higher.

So very much beware the kindly Uncle at the door !

I hope for/believe a buy out will come here, but want it much later. I haven't been in this one for also now 4 years to barely even scrape the all time high (10p) old money. That was hit what, seems yonks ago now when progress was nowt like it is presently of course along the ride.

But do you think these big fish care about us or any of that history...... I thinky not, so beware.....

Cheers.

Personally

But a lot of holders were very

Agree @free.

As we speculated. Maybe today the buyer was full. The seller still hungry, and so......

So despite theories to the contrary, as feared, we took a hit.

I am not too bothered. As there is now a nice buying opp for people at what ... 6.5p old money I guess.

I think it will recover fine in time. Just a question of how much more selling action our friend has for now as to when.

Long game share to see 10p equiv again for now. But then as someone who held a share on the main markets for 36 years end to end (sad but true).... I guess I am used to the waiting.... :-s

Cheers.

Just got in.

Saw @blues post .....

Checked the only seeming Comms, with no RNS now. Rambler website, press releases....

No comment.... Interesting, as am sure a 75% plus carry to wind up the UK arm would have been reported there.

As said earlier, I am not sure that it makes much difference to the bid situation in Canada unfortunately. But I am impressed that with a self declared 20% odd RIG SH membership. This means the same again (!) out there, also showed an ounce or two of commitment, and we fought through the red tape to make a statement too.

Still remain jaundice it will ultimately make a difference. But if you are going to lose sums of money, big or small. You will feel better if those in charge of making poor, or even duplicitous decisions. Feel a bit if pain as well.

Tbh I spoke at length to the Liquidator, and have no axe to grind with him. He's not the man responsible. But it makes me feel better that a small battle of as been won. Even if the war is still likely lost.

Do you think given the timescales and the nature of the sale circumstances there will be bidding competition Bertie. Are you hopeful of funds returning therefore. Or is that highly improbable given the timescale and circumstances. The Liquidators off the record view was that one of the larger creditors would buy it when I chatted with him .....

@Santhi.

Fair enough. Be interesting to see the UK vote outcome. When I spoke to the prospective UK liquidator. He was at pains to point out that the convoluted process to even get a vote registered was not his doing. Simply the archaic Nominee hoops that had to be jumped through... Etc etc.

So be Interesting to see how many Nays actually made it to the ballot box I guess ...

As to the Canadian sale. All logic would suggest to me that the only small chance of a return is if more than one party is interested, and a bidding rivalry occured. Leaving aside any fall back RIG offer. I have great doubts though that there has been time for significant potential players to do the due diligence needed to make anything more than a perfunctory low bid, and to just chance their arm.

As such I am not expecting much hope sadly. But it would be nice to be pleasantly surprised.

Cheers.

Personally, and I am one of those that accepts we have to wait for other parties to move onwards.

Nonetheless, the price collapse is annoying, because of cause when hopefully the go forward news hits here (finally). Then the move upwards from this weak base will simply be making back (clawing back), the ground lost from 6p down for many.

It is what it is. The move on news we hoped from 4p will now have to take place from 1.25p (or where ever the bottom is in the meantime). So investors like myself, and I am sure many others who bought in the 4s,3s,2s, and even now 1s will only then be getting their stakes back. My AVG is 3.77p for example. So will take a while to move into profit for many.

Hey ho. That's investing. One can only hope therefore that once progress finally arrives. That there are plenty of legs above that 6p area. Because I am sure the traders will be itching to sell into any rise from this lovely point, and it will need longer sighted buyers to move on further with any momentum.

Hopefully some news this summer then?

Cheers.