Member Info for StrummerJones

Those outside RIG, that may still also have vested thier share holding weight to the cause of avoiding a cursory, and defensive (BOD wise) wind up of the company.....

Would not take kindly to the RIG bidding to then exclude them from any benefit. Despite our support!

I am sure that's not the RIG aim, being an ordinary SH group they have canvased support from all quarters. Have they not?

But, and in light of this accusations. Would be very interested to have them make that fact known.....

Thanks.

@tau

Cron job ..... Nice, old school Unix scheduler.... Lots of *** and time/dates.....

Remember them well ....

Interesting to "grep" our who transacted this one .... ;-)

Cheers!

Good grief.

What's this?

Sad MF, externalising his lengthy PF...?

For what end...

Pumpert pump pump, dump dump ...

OK Picked.

So the theory is then, rather than a "hidden" buyer necessarily. This buying that's only just above the rock bottom BID, and so showing as sells presently. Is likely just "normal" buyers then. Who without Canaccord (or whomever) dumping. Would likely be pushing the price up gradually otherwise..... But for now are simply (and slowly) chewing up the shares from our large seller, and so the SP is held in limbo.

Ergo. As long as the buyer/s remain (although clearly at present, there isn't that many - given daily volumes). Once the perceived dumping insto clears out. The price may in fact rise not fall.

I hope that's right too. As when the current doldrums lift. It would be nice to see the price moving in a positive way better to reflect the on ground progress, rather than reversing again.

Hi @Free.

A question if I may, & from your dealing experience.

So it seems clear that even though most days in the last month+, the published trade volumes are pretty low. As outlined a week or so. What trades we can see are most all sells at that 1.40 point. E.G. as outlined the other day someone sold £25k, 20k, 7k, 5k etc worth at the 1.40 with nil SP impact.

It doesn't really matter who. Though it may be an insto getting out. Or large invested PI on here, figuring they can get faster gains elsewhere one suspects....

Anyhow. The queries is; given the SP remains limpet like, we all assume that a hidden buyer, is sweeping up at the moment, via an obliging MM the shares being sold.

But why can't we see evidence of these buys printed? Is one to assume that this is all being gathered up outside of the viewable trade areas then.

I know from previous you have worked in these areas. So just wondered if you could outline further out of interest?

As if one then extrapolates, and assumes one this buyer has eaten his fill. The price must drop if our gradual drip drip seller(s) persist?

Cheers.

As someone who generally invests. I have patience to wait usually, plus or minus.

AIM shares test that. I do think, that after bring in here for a couple of years though, and with no real direct news. But with related areas slowly moving on. I hope it won't be too long now before we see some go forward? I have no interest in Comms for Comms sake. But strikes me by the end of the summer something is likely to break, one way or the other.

I thought that having monitored this one rise to 6s. That on the usual no news pull backs, a position built first in the high 4s, then more in the low 4s, mid 3s, 2s, and recently a few more via B&ISA and added in the 1.5s. Could/should all turn out a decent mid to longer term investment?

1.3 and below is of course testing that resolve. However. As I never saw this as a check the SP for a sale daily type of invest (clearly, & unlike some). I will remain with my position for now. But for personal review end of 2023. If there has been no news of any go forward by then. I will look to reassess.

Everyone has hopefully their own review points. Shorter or longer term. That's just mine.

Good luck with whatever yours are.

Is, as we all know. So much a news driven, and largely day trading outlet.

Where, & especially when, volumes are low. Sells or buys move the price. Usually abruptly.

But wierdly here. Yes, small relative trades daily. But still today, in a no market, £25k, £20k,20k, £5k, £4k all sold.

On most all other shares, the price inevitably very much falls. But here......

That stubborn 1.40p remains, & it doesn't flinch... Why?

As in that Dylan song..... Ballard of the Thin Man ....

"Something is going on, but you don't know what it is... Do you, Mr Jones" !

@kes.

The email I used to contact Begbies is

as-team@btguk.com

Despite them saying they had "sent" the 9 pages, including the form to registered shareholders. As most of us are in nominee accounts. I suspect they only sent it to our brokers, who as said, mostly suspect haven't passed anything on..... Certainly didn't to me?

When I spoke to the chat line on my broker. They were either unaware. Or not very willing to pass the Comms on tbh.

So I had the potential UK liquidator contact I made send it to me directly, I have no link therefore sorry.

If you want to get the form and notes around it. I suggest emailing the above. Fyi Paul Cooper is the seeming contact down to act as UK liquidator if the vote on 23/5 passess. He or his colleague, James Allen should be able to email the stuff they claim has "already" been sent to all holders direct to you. Again tbf they got back to me very promptly. But of course as the form has to go via a potentially foot dragging broker..... Time is now getting tight if you want to register a new vote.

HTH.

I have had responses from the liquidators pretty promptly tbf & fyi.

Points of fact:

There is a form in amongst a 9 page briefing, that I personally had never seen. But I assume the potential UK liquidator has sent to all nominee brokers(?).

My broker hadn't seen fit to pass this on ..... Suspect others may be in same boat, I made this clear.

Anyhow. In it, it gives a form to hard print, sign and then send to your broker via post, to vote further. They (liquidators), will not accept anything from PIs directly. You must post above to your broker, and ask them to send to Begbies. Before COP 22/5 to at all count. I did say, that holders may not (as with me), unless digging, be aware of the process ... Deadlines are tight regardless, if you wish to vote a new or change your view via this convoluted route tba. Then contact them and ask for the email pdf.

Further to above the guy appointed to run the UK liquidation (assuming approval) tbf directly was prepared to engage. Says that he is investigating the past conduct, has already spoken to mining experts to assess the conduct, but that a liquidation here will still allow him to send evidence of any concerns regarding that conduct etc as recommendations to the Canada process(?). Unsurprisingly he sees the UK voluntary as a reasonable thing still. He said he's also talking to the seniors to get their side obviously, but welcomes holders inputs.

We briefly on email discussed the history of the last few years, emphasis on the last year and the TB briefings and volte face. Trying to be as objective as possible. He agreed to investigate some of the concerns I raised as a Joe Public holder, and to talk further if needed.

Just FYI. But that's where it got to.

Rgrds.

Cheers @red

I have informed them of the issues. Asking for an urgent look into the comms sent to brokers post the published deadline etc.

I will copy on here any feedback, if I get any? I did emphasise that the company hasnt been very clear on any extension in Comms. Clearly also some brokers are in the dark, and the new deadline will therefore come and go quietly.

Which almost seems what is intended, as I very much assume the windup this end ahead of the sorting of the Canadian aspects is intended to protect TB n Co, as of course us shareholders did have a second bite at a vote.....did we not...not in my case....?

Rgrds.

Rgrds.

For info.
As discussed on hear. I voted my shares by phone with my broker a week or more back. My wife was away and hadnt. When I saw the postings here saying the deadline extended for a couple of weeks. I tried contacting them to re pledge mine - as unclear that the old vote would carry over. Plus for my wife to vote now also.

I am with iweb. So as suggested tried the Chat line this time. For my shares they ummd n ared. But eventually accepted my re vote and said they would re place it. BUT... For my wife. She was told no. Can't vote now.meeting was 3/5 so closed. She said that we understood it's extended. They said Nope nothing official. But also that they had been told they can't vote via Crest, electronically, as they usually do. But via paper only, and soon any case they can't ...??

What about my husband's vote you accepted earlier today my wife asked.thr chat line said that Thier colleague wasin error.hadnt checked properly, and that my vote would not also go through.... Despite what I was told an hour previous....

I am sure it's carp info from the company to brokers as ever. But it really seems confused, and it's making outing now, certainly with the Halifax/iweb almost impossible...

Maybe there will be official Comms on a reopened vote next week? But if not my revote, and my wife's attempt to vote today are not being registered we were told fyi.
Between us we hold 0.57% of RMM. So it's annoying if the company has set it up such that we can't have a say again, and assuming the vote is reopened??

Ho hum.

@Blue.

Webchat on Iweb seems to be evolving agree, tbf (?). I used it this fin year to Xfer funds from shares sold in an SDA to ISA for my wife np. But for other areas they still insist you call. Dunno, likely security etc.

Maybe I could have done it that way. But it's annoying that such a biggy here, wasn't available, once signed in, why not a simply on line yes/no vote..... Or wasn't there still, as far as I saw, despite the Corp Act they did publicise.

As someone said. Almost like the BOD wanted it to fly under the radar.....

I personally have written this off regardless. £334k down the drain....

But it's the risk, I guess to make a Mill, that we did think was possible in early 2022.

TB though..... He should hang his head, for the updates May, June last year..... Scandalous behaviour IMO.

I did for the shares in my name. My broker offered a cooperate action. But uselessly no ability to direct an on line vote (this was iweb, who are cheap, but suspect like the parent Halifax grp, not the best).

Only way was to call them and ask them to do it.
Not sure it will make a difference, but I guess it went through. No way online can see to check.

Sadly no opportunity to trade out of this now, as it's not being unsuspended. Just delisted from AIM today.

As discussed before. If you held originally shares here in a trading account (non ISA). After the liquidation is resolved, and again assuming the most likely outcome... No monies after any sale left to go back to us shareholders unfortunately...

Then from my research you can then write to HMRC CGT advice area and make a representation to declare your shares of negligible value (after the liquidation is done, and is over, and assuming no cash back). Then ask them to accept that the shares are then usable, in this, or in another future financial year, as a CGT loss to be offset against any gains over your standard allowance.

So basically the loss here is your Section 104 pool average price X your number of shares originating from your trading account...minus your nominal sale value... E.g nowt.... Equals your carry forward CGT additional allowance etc.

I think that's correct. Where there is slight issue, is for any shares your broker decides to move now from your ISA to your SD account. I believe that you CANT claim that loss v the almost certain negligible value. As they were originally bought in an ISA, and it's your broker & not HMRC that dictated the move to you Dealing account.... Though the HMRC guidance is hard to establish here, and I would be happy if I am wrong?

It would be nice to utilise the loss also for the ISA shares for sure, those about to be sent to your SD account. But sadly, and if anyone can provide concrete evidence to the contrary that great.... I fear you can't claim CGT loss for those fyi.

I would be careful now gents discussing vulgar points like day to day price changes and potential better entry points etc.

You will likely get the ire down on you of the BB "intelligentsia", and a strongly worded 3 post essay....

Remember, it's the riches 2 years down the line that matter. People can talk it up and trade it now as much as they like. But the BB is here to outline the end game only apparantly ;-)

Yeah.
I noticed an interesting thread between Martin and the primate got pulled.

I was interested in that one, as Martin made the assertion that the ML went with the demise of Rambler. So, ergo, the suspected cheap takeover long touted wouldn't work.

As much as I find chimps presence distasteful. I did have to agree that if the former was the case, then it seemed odd. E.G. that a simple transfer was the likely result of a new owner etc. The Newfoundland article did seem to support the latter ...

There was no response to that, and then the thread got whacked....?

There is a lot of smoke and mirrors presently, that I dislike. It would be nice then to see some resolution sooner rather than later for all those left "genuine", and still genuinely invested, or indeed, those who have suffered on the back of this clearly disengenuous management.

Cheers.

I know that most of us investors here would prefer positive news and a recovery in the SP.

But if UK resident. Personally I am happy in a couple of weeks time to be able to sell and repurchase (bed &ISA) the 12% of my holding in this share still in my trading account.

The added benefit of this will be that I can also materialise (as it stands), a Capital Loss for fin year 2023-24. As the section 104 value of those 550k shares is AVG 2.68p, as opposed to a current (likely ?) Sale price of (say), 1.5p odd.

That would mean the shares ISA'd, for when/if BlackRock get sorted, and we move ahead. Plus about £6.5k claimable as a new Allowable losses for the CGT tax man to offset against shares that have gained above the new lowered 6k CGT limit in the next fin year.

I guess it's not a substitute for material progress here granted. But as the new tax year is so close. I can live with it personally as is ,& to allow the above to be actioned.

Just something that others may also find worth considering as the Government crack down on any non ISAd gains....

Cheers.

Martin.

I appreciate you are trying to do something, in a difficult situation. Its easy to knock. Even if my gut feeling is my monies are gone. I wouldn't feel the need to bash those that still think there is a chance.

The shares I have control over (outlined previous). In any vote are available if needed.

Thank you.

Thanks for the lecture Wasa.

Pete simply asked if it's time to put some on. I was simply outlining that in the recent past, due to trading patterns it has been down to mid 1.40s, and bounced up when selling desisted.

He may prefer to pay 1.35 rather than 1.55. was all I was saying.

If you believe everyone is "straight" on AIM bbs. Then as strong an analyst as we all regard you..... You need to think again.

Anyhow. As am sure you know. I agree with most you say on the higher expectations of this share. But in point of fact that 1-2 years down the road wasn't what was being discussed.

A couple of times in the last few months this has been sold down from 1.55 to mid 1.30s odd. Then previously it did go back up fairly quickly. So may again...

Some individual /individuals with a large position may well have sussed that they can trade in that range at the moment, until substantial news hits and for LTHs hopefully it finally rerates. Especially given the general market malaise though. All shares are trading targets.

It's what a lot do on AIM, quietly in the background. I agree MM's usually simply reacting to more sells than buys and then vice versa. Don't anything sinister. Other than the fact they are often up to let in or out big players at a "nice" price it seems.

Of course it's a bit risky if the share did take off. But it's a calculated risk based on the above factors for a large trader IMO.

One reason to be wary of all opinions on forums therefore. The are a lot of very good posters sharing interesting information. But there is always a minority of those talking their book position that is quite clear across all shares.