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I'm guessing the Lamella plant has been in for at least a week. Surely it would have made sense to see what a weeks production prior to installation was and then a week later. Assuming that the shut down takes a couple or few hours each time. It would be worth it to see if we've bought a very expensive pile of scrap metal
I'm pretty sure there's something in the pipeline, good news for someone. I'd rather that £900 double in my pocket than some fly by night investor
I'll be resentfully backing, I've emailed the board and phoned Tim asking where the supporting information as to why we SHOULD back the resolutions.
However, for me to take up the allocation, if have to spend £900 I haven't got
Did you only read half of my post? If you go back to the first message in the thread you will see I stated, all the same bull**** posts that were being spread during the Philippines drill are being recycled here.
My list was all the posts that were being spread last time.
I've emailed Jeff to say as much.
As far as I'm aware it's not too late to table more resolutions
List from Philippines:
*Commercial success is about 35%
*based on 3% growth per day average between now and spud the SP will be 9p approximately.
*Drill equipment is some of the most high tech available.
*So much success in the area, I can't see it going wrong
*GB I don't trust but our partners have proven successes
*Easily a 3-4 bagger from here.
Whether it's unintentional, it's very coincidental that these things were virtually said verbatim last time. I have respect for those who are being very open about their exit prices and all the best.
What I will say is, last time the share price hit 5.2p and struggled, fell back to 4p and pretty much stayed there. Then when it was deemed a commercial failure, it quickly dropped to 1.5p and then 1p the following day.
Always have an exit strategy regardless of what you hope the price will reach. I'll happily state that I don't have a single share in this company and have no interest in entering any lower any time in the next few months, years possibly ever.
Two ways of looking at it. One they have a target, but it's my experience that boards will add the caveat, "We are currently looking at a number of potential targets". Or TZ aren't playing ball as nicely as we've been led to believe.
Sentiment, you'd have to be some kind of special fool to vote against. If it gets voted down the potential is there for a placing, at which time the shareprice will be back to 0.02p and the next consolidation will happen.
It's not as simple as winding up there will be another life line that will keep this going just a little bit longer and the only ones to lose will be the shareholders. So it's a case of damage limitations.
Greenwolf is right, it's us that's backed in to a corner. The last paragraph "... Directors are of the opinion that if the Resolutions are not passed the Company may not be in a position to meet its future operational commitments in Tanzania and its corporate obligations."
1,300 is an average*
They are, 7m for Rufus and Jeff who doesn't own any yet has applied for 12.5m. I'm guessing they couldn't heavily discount the price due to the fact that they were wanting to participate, might look dodgy.
The cash is for a new project.
1,300 is the monthly production of the mine.
Literally all the same **** that was said last time is being recycled
You said the same last spud and magically sold out after weeks of foretelling life-changing riches
(Or at least that's my understanding of the platform they have subscribed to)
Leed resources shares were cancelled for a different reason and shares are now held with a secondary market. You can only trade for a short period of time when the company sets up an auction outside of that you can't sell.
Well they have to have a nominated advisor, if they don't find one or have one, all buys and sells are suspended for a period of time until they find one. If however after (I believe it's 30 days) an allotted time, they haven't found one, the shares are cancelled from AIM which makes it very difficult for shareholders to buy or sell, but also means the board can do things which on AIM they would need shareholder support to do.
Hey, no its fine. Some of the people who aren't happy with communication, but don't want to do anything about it, say it's perfectly fine. Not a thing that can go wrong it seems.
If you're new to the game, my advice would be; try to listen to fact and figures but weed out the speculation. Do not trade on emotion - take profit when you can. Try to take as much as you can from company history to make your decisions. I'm still paying/waiting out mistakes made for not following those guidelines
Because there are senseless claims being made. There might be a "great chance of success" but Cinco was sold as a 1 in 3 chance of being successful. People believing other people's hype and it fell on its proverbial.