We would love to hear your thoughts about our site and services, please take our survey here.
As said Santi/1nvst.
You can count in my shares, even though I have no interest in another forum. I can't be more explicit. My simple query early today was to gauge the relative share split. Not anything that seemed to me to be controversial.
However, there are, as Fuku says ... Nobs everywhere. So rather than further engage with people looking to stir it up. Will go.
Your right. Too busy for any more of this. Will leave you to your vitriol. Small man in many ways clearly....
Brave man behind a keyboard. Many like you.
Hi my name is Micru.
All I do is throw in regular sarky comments and think I am a clever sod.
Your the type of w*Anker that makes forums pointless to read. Why would I want to join one where people like you hang out.
As said before. My life is busy enough and do t really have time for multiple forums. You will see if I do list it's often at early hours etc.
I have said on this forum in the past that if it comes to any vote etc. Happy to add in my shares. Assuming it's for something sensible etc.
But as I said. Was just curious as to if a bunch of PIs had any weight.
Cheers.
While we await Friday, and an RNS explaining the reasons for restarting mining. Or likely otherwise one now suspects.
I had a question that someone connected to the discord forum may be able to answer please - as assume it's a stat you may have to hand?
Is there an up-to-date breakdown of the circa 162M shares in terms of ownership?
Was just interested if we know how many % in PI hands, institutions, the management etc.
I have already said that over 3 accounts myself and my wife hold 0.57% but I have no idea what the total clout of PIs are here., And was interested.
Anyone know.
Thanks.
@ftse.
I think anyone invested here for any length of time knows the potential of the resource, and if Cu prices okay ball where it could have gone.
But the huge issue now it strikes me, and given all the ongoing financial reveals ( more bad news today). Is just who has this been setup to benefit. The existing company owners (us shareholders). Or another party who in light of the way this has been ridden to the cliff edge. Will benefit.
I am more and more of the view that this has been managed. But not for the benefit of the existing holders.
I guess with the mine on life support only this week. We may learn something in the next few days now. They have said they aim to restart production by Friday. If they don't, they will have to RNS an update on the plan one assumes.
Cheers.
Strikes me that it's going to be imminent now that they will be posting an advert for a new CEO too..... To run the newly formed company owned by...I suspect..... A.N. Other.
So personally I may apply for that more senior role. With a view to also 'ebaying' (nice idea), enough high grade Cu to reclaim my owed "salary" of over £332k :-(
Gallows humour looks like the winner here now it seems, & if you can't beat em, join em hey ......
Or is there still time for TB to pull a rabbit out of the hat ...
So far he's shown all the abilities to "Manage" ( as opposed to dig), that Moon has to actually flippin articulate or answer a straight question....
So my hopes aren't high to put it mildly. But then there has to be a first for everything surely .... Has to be said ... It's disappointing In the extreme if you actually invested in good faith here based on the info the company provided. Regardless of the legal position. I would hope TB can look himself in the mirror. I know I wouldn't be able too!
Good luck to the honest posters on this BB.
A good spot.
I guess another way of seeing it, is that.... If it's about to be sold at a bargain price, to pay off the creditor(s).... Then now no need for them to be mentioned as re doing a loan...?
OK Moon. I will play the game.....
So if so positive. Why did they now further hedge at 4.20+ ?
If you can't answer that. Then what makes you positive after the last two blows ( not delivering the Au, and now closing production).
For normal people that seems negative tbh. As much as those invested would like to see it otherwise
But you know .... What?
Yeah. It's looking like a bu*mer.
I am pretty close to researching on HMRC how to declare an article of negligible worth. So if accepted to use the loss to offset other Capital Gains in this and years to come elsewhere. I think that says where I feel this is most probably going now very sadly The bulk of my holding though is in ISAs. Where even that course of action is irrelevant.
Let's see. But the lack of that further hedge as Cu hit 4.20 the other week was a big red light to me as said previously ...
I am still confused by that Nomad interview as suspension started though..... He seemed pretty chilled about it all, and should know more than all of us.
But I supposed he was looking at the interests of existing share holders..... Not those to come!
Yeah. Either that or closing for a cheap takeover....?
On the ADVFN BB. Apparently some guy knows a mining advisor to GLEN. He asked him to value RMM based on the inferred Cu in the future. After some convoluted extrapolations of what may be there that figure popped out.
It's all pure speculation. Tbh it's not anything much different to what those invested longer term were looking optimistically at some years down the line ( if all went well) & before all the carp happened. A lot of us invested based on the resource potential, plus the very likely need for this product in volume going forwards of course.
It's all a mute point if they go bust or have lost control of the company, or can't agree a saving deal of course.
But I guess it does perhaps illustrate why the share, despite its predicament, attracts the attention of some very dubiously motivated trolls. As someone also said. Why would they be here if the whole setup has no upside....maybe they work for GLEN ;-)
The wait for proper news, not huge over or under assesments goes on therefore....
As someone who holds a large investment here. Based on the progress made with the mine over the last couple of years primerialy. The financial mismanagement came as a very nasty suprise. I had very much hoped that due to the resource strength, & with a more competent CFO now that this would eventually get sorted out. The fact though that, after a couple of long over due hedges lower. As Cu hit $4.20 odd.... No further word.... Plus the recent poor Au revelations, and with the time dragging on......What nearly 4 months suspended?
Has made me far more jaundice about the prospects sadly, and now I see it as a bonus, not a given that things while untangle anytime soon frankly.
That's just being realistic. There is a world of difference between that and the aggressive Trolling that's quite apparent still here.
I see those people as either bored, and loving the idea of continuing to stir. Basically nasty people who enjoy others stresses. Or they are a more calculated attempt to hedge their bets as a trader, and if it does emerge get as good an entry back in as possible by scaring out as many as possible. Possibly for just their benefit, possibly for others they are involved with also ....
Either way, those types permeate all BBs. After a while it's very easy to recognise genuinely skeptical or overly enthusiastic investors from those types I suggest.
As most know though. They can say what they like. But only the respective company and lenders can resolve the situation. Period.
We still await that information, and all those genuinely invested wish for a workable plan.
Cheers.
Hi Panama.
I read the BB occasionally now. There are some good guys still here, in amongst the dross (pro and anti), strikes me.
It's all "what ifs". Hold 7.7 Mill @3.59.... sell all at 38p (37.6 as was).... Bingo. Generations of working class like my kids made forever.... But thats all ifs n buts, of course. That's so much life ...
You seem like a decent type. I wish you, and all of those still invested well.
This whole thread is dominated by people. Who, through mostly greed let's be honest, failed to cash out at 38p. I know, cos to a degree I was one of them! ... Invested on main markets for divi's for 35 years...... Then this in 2019.
I am one of them, for sue, but ... On Xmas Eve 2020. I had 1.5 Million shares in GGP left. At an AVG of 3.59p... the MMs that posters here so regularly slate.... Back then, Offered me 37.6p a share. In one hit, and on a 15 second accept clock... £376,000 to sell....
I declined, with a sausage roll (warm) in hand, and a pint of old ale. In the other....... You got a few seconds, decide....
What a tw*t hey..... Too right. But that's after 2 years of 38 to 8p right..... Then, was greed,it can, will go higher ....yep tw*t....
My only saving grace, is that, due to circumstances, I cut down from a peak of 7.7 million on the crazy rise in 2020, selling at 18, 22, 27... Never managed to sell in the 30s....from 7.7 Mill to that 1.5 Mill now. Really, to diversify a bit.... Had a feeling it was going far too mad.... and also to use my luck n good fortune, to pay off big chunks of my 3 kids mortgages....
I still hold that 1.5mill left..... Will I ever see 38p - 37.6p to be precise, again..... Dunno.
But AIM is a circus tba. Dead certs, as good as they appear on paper .....
Beware.
Cheers.
But that's my true story.....
Whether you fear the worst, or hope for a miracle.
A dignified silence is best, to the trolls.
Well done today.
In amongst the posts recently. Somebody (apologies can't recall whom). Remarked on the interview I also recall with one of the nomads. He praised TB as a very well regarded CEO I recall. Also expressing suprise at the suspension just agreed. Also seeming to intimate clearing it would be straightforward if I remember correctly?
Given the time on now. The seeming lack of progress, plus the further default revelations, and when it was occuring (Q2 !?).
You have to ask if the game keeper and poacher are all intertwined here....
My understanding of the nomad is they are there to not just facilitate an AIM listing. But also critically to make sure a company once admitted runs it's business to the rules and standards expected!
Maybe The nomad thinks, like Mon that it's all tickety boo then.....
He's in a minority if so, best case....worst case been complicit in driving this to the wall....
That comment from Alamo wasn't his tba. I saw an article by, think his name was, John Cornford. A so called semi retired "master investor". Where he ripped into about half a dozen mining related shares. Mostly Au, but including HZM.
Alamo has lifted a paragraph out of it ( the most negative as it happens). Without crediting it. Not sure the agenda - of him or Mr Cornford. But actually HZM got off lightly compared to most of the others in that report.
Just a bit of context.
Maybe that's a pure interpretation Prof. Not seen the nitty gritty agreements.
But I think we all agree. This is an egregious way of dealing with your investors, or in the case of those that bought in or added in Q3, future investors.
I can't see how he can defend letting this info be held on to.
Mind you. The whole way the overall financial issue was 3 months latter communicated makes me half think now that there has been a deliberate method to crash this down for someone's benefit, and it's not ours clearly :-(