Tim Watts, CFO at Shield Therapeutics #STX presenting at our Life Sciences Investor Briefing Watch Now
Hi EyeGuy - Unfortunately many folk sold out at 0.01p (I saw all the red trades when I first bought my first block at 0.0129p the 1st time round) and just below 0.02p too and days later the price rising to 0.08p to sell on LandOcean news. I kept saying LandOcean would agree again with wealth of research. I know what I had to put up with as the only positive poster here against the gang for weeks.
How would those sellers feel if the share price went to circa 1 pence and over again in the long term?
Before I came along in August 2019, it all started on here from June 2019 and carried on even after I arrived.
A proper mob of hard core bashing every day, all day long, repeat copy and paste from the Landau days and so much more.
- Directors doing Runners in the subject line and RNS link (not the full story that because Abraham's holding had dropped below 8% they lost the right to have the Non Executive on board so she resigned).
- Directors doing Runners again but this time from the RMP stock where the CEO resigned - being posted here.
- Fact as the company won't be trading in 2020.
- Fact as the company will run out of Cash.
- Fact as the accounts won't be signed off at the end of September 2019.
- A big board like ASX aren't allowing shares trading to be resumed.
- LandOcean will pull the plug.
- Somalia, Putland - Oil to Water 2012 RNS.
- Oil to Education - We're now going from Oil to possibly Biotech - who cares the switch if its a transforming acquisition to propel the share price.
- Get money back from FCA.
- Delist, Administration.
- Never going to get a placing done.
- Why doesn't the company die etc.
- Not distinguishing between $ and £ to aid their agenda.
- Recommending each other's posts within seconds/minutes.
- Trying to keep their copy and paste posts always on the top of the bb.
- Quoting false prices i.e. it was down 5% one day and they were quoting something like 12%.
- Quoting lots of selling etc against a few less than £100 trades.
Mufcm has admitted on this bb in June 2019 that he lost a lot of money and imo cleaned out which is why he has continued his vain here. IMO his only purpose the company and share price needs to collapse to allow for him to get some compensation from I don't know where. IMO he doesn't stand a chance.
Whatever Gordon Bowden maybe doing against the going on during the Landau days is nothing to do with the company as completely new board. They were even saying about it all coming on to the BBC one day.
You know what if the new board got the share price to 1 pence and beyond I would say another action group would have to be formed by those that sold at 0.01p and to expose the fear that was spread to sell at all time low price, all their posts as forensic evidence are here, hard selling to contact Gordon Bowden with his telephone number too on a public bb, attend the Derby meetings, and join their action group!
Maybe this action group could then t
" He is currently a partner of Dentons, one of the largest global law firms". - There you go....Do you think he is going to give up on Georgia and the Notice of arbitration we have served?
Seeking damages currently estimated at approximately US$21.9 million as well as interest on these amounts calculated at approximately US$1.7 million.
That's my further research complete until new developments.
My method of Investing
Research - Buy - Continued Research - Patience - Enjoy the huge rewards!
"I am very excited about the future of our Company" - Me too! He has got his fingers in so many pies and continues to work away imo to transform our company - imo puts some of the top heads on AIM to shame especially with the levels of c*** that was inherited. Some serious work ethic!
Mr Gu is an experienced corporate lawyer, who has worked with numerous companies seeking listings on various international stock markets, including the Toronto Stock Exchange and the Hong Kong Stock Exchange. He is currently a partner of Dentons, one of the largest global law firms. Mr Gu has participated in several venture capital and private equity investment cases by various funds such as London Asia Fund, Warburg Pincus, Korea Development Bank, China Venture Investment Co., and China Cinda AMC. During his time with China National Gold Group Corp., Mr Gu was in charge of mineral resource merger and acquisition activities. Mr Gu holds a LL.B. from the Jilin University in China; a LL.M. from the Northeast University in China; and a Master of Applied Finance from the Macquarie University in Australia. Mr Gu is a qualified lawyer and securities practitioner in China.
I have to always put my spiel on this stock as I did last time before banking my just over 500% profit....this time hold on for the whole ride to RTO completion.
Very High Risk - Very High Reward. Not for Widows, Orphans, or Babies.
" We are also delighted with the recent positive share price trend and hope it continues as we deliver on our key short-term objectives".
Given our Chairman Kerry Gu, made the above comment on 09 September 2019 - imo it shows he has got serious stuff lined up that he continues working on to allow for the continuation of the "positive share price trend". If one wants to spend the time doing the research bits of the master plan being put together can be seen. It also shows no dilution is coming etc to raise any further funds - it'll all in hand. The company won't be going bust, de-list, accounts will be signed off at the end of this month rather etc. He won't give up on Georgia - seeking damages currently estimated at approximately US$21.9 million as well as interest on these amounts calculated at approximately US$1.7 million.
Maybe there will be clarity in the annual report whether once disposal is completed to LandOcean whether our subsidiary RRDSL - the Oilfield services business will do the drilling for LandOcean as someone will need to do it. So if we do it, then a source of income maybe coming through on a regular basis. Shell are still there in Trinidad and they have used us too in the past. Or whether we sell it for a few quid. I think they will sell off the Indonesia gas asset (I think we paid just over circa $3m years ago).
Then Range Resources dies its death after the November 2019 meeting - RTO of Sramek BioDyanamics - ASX listing restored - our Company name is changed. That would put an end to all the c*** Kerry Gu inherited, trolls dossing out on RRL bb's and a massive potential smart health company into our AIM listing with potential big contracts already on the radar courtesy of the Strategic Investor who took the 10% stake in that company this week.
If our biggest shareholder Beijing Sibo joins the party having been so quiet for a while and holding just over 20% at circa 0.80 pence - that would be fireworks and imo blow my target of 0.50 pence at Christmas 2019 out of the equation - it would be multiples with the small free float. They're filthy rich to average down. An investment vehicle set-up just for us - how often do you see that for a company on AIM.
"The outcome of the negotiations remains uncertain hence the Group has prudently recognised an accrual of TT$22,800,000 million in respect of this potential liability". - On conversion that's £2.75m GBP.
Prudently means in a way that shows care and thought for the future.
I thought we had it bad here since I first became interested in RRL during August 2019. The number of trolls dossing out on ADVFN on a daily basis is just incredible - where do folk get the time from?
Previously here and there it was the circa $91m debt owed to LandOcean being used for the collapse of the company.
Their only motive over there and here imo is that if the company had collapsed including the share price then it is good for their action group and somehow they had it in their minds they are entitled to compensation from the Landau days and over 5 years ago.
Anyhow, over there they are now using the Trinidad tax issue - as I always cover pros and cons in all my stocks let's analyse that scenario too. Again our new Chairman inherited that too and dated years and years ago.
The company currently remains in negotiations and a trial dated listed for 04 October 2019.
But imo with all his other successes thus far et al LandOcean deal he imo is saying don't worry about it its in hand.
"The outcome of the negotiations remains uncertain hence the Group has prudently recognised an accrual of TT$22,800,000 million in respect of this potential liability".
He knew about this too well before he made the statement of "I am very excited about the future of our Company".
We can get lots of funds imo from many forces in China with filthy rich folk swimming in the same boat!
Again, the Chairman's credentials are top notch in that when he first told us about the New Investor and Shares subscription at 0.049 pence - he would have been working on the future at the same time in a big way as per his comments in the July 2019 RNS. Our LandOcean deal was announced on 03 September 2019 and there is no way imo that in a few days after this new investor came on board to be announced via RNS on 09 September 2019. It was already being worked on in the background imo. He is keeping tabs on the share price as per his recent comments on that too and he did great to pull off the placing at circa 0.049 pence. How many other Chairmen on AIM stocks are keeping tabs on the share price and referring to the share price in company updates?
In Kerry Gu we trust and we're in good hands - it's not any of the new investors fault if the long term shareholders rather bought into Landau etc and over 5 years ago. They need to use other boards or their action group in Derby for their bitterness.
This Chat board is to discuss about RRL in its current state and the future under the new Chairman.
Kerry Gu inherited a pile of c*** - not one thing can be highlighted as a failure thus far and I don't know if anyone else could have done a better job turning it all around! I couldn't have.
"Given the new Strategic Investor's background the next step is to find out who is this Chinese big hotshot that has taken 10% in a company that at the same time period has taken a 13.04% stake in our company".
- To wrap up, the thought I had was given he/she is a Strategic Investor, very possibly another billionaire, and their extensive medical background, Sramek could put their name forward as one of the two Non Executive Directors to join our Board in the coming days/weeks. Given their previous successes I would say the individual themselves would want to me on the Board of Directors.
I think we will find out this way who this person is.
Unless anyone else has other thoughts I think the way I have described the ducks being lined up seems very reasonable.
"New China entrepreneur taken 10% stake in Sramek BioDynamics this week".
- IMO they clearly did not need the cash as they have just given us circa £750,000 GBP.
- Given the new Strategic Investor's background the next step is to find out who is this Chinese big hotshot that has taken 10% in a company that at the same time period has taken a 13.04% stake in our company. Maybe it was in anticipation of what is going to follow i.e. Sramek BioDaynamics coming into our AIM listing .
It will all make sense soon imo - all the ducks are being lined up.......
Aside from the above, someone was posting about the Maharaj case in Trinidad for ongoing dispute dating many years ago (mid - 2014) and well before our new Chairman came on board. The amount of stuff he has had to clear up. Any hearing for that will be listed in calendar year 2020, our Chairman being a lawyer too knows his stuff imo - long while away yet with and before then blockbuster news items imo being finalised in the background. She thinks she's entitled to a sum of 19 million Trinidad dollars or £2.25 milllion GBP plus interest. "While the Company, having taken legal advice, considers the probability of Ms Maharaj succeeding in either of her claims to be remote, there can be no guarantee that there will be a favourable outcome for the Group".
- Annual Report due next week or on Monday 30 September 2019 - imo should hear further positive noises on the short term objectives.
That Georgia damages dispute is such a wild card but if Kerry Gu pulled that off too then hats off to him as that could put circa 0.15-0.20 pence on top of the share price on its own!
Sramek BioDynamics appears to be an interesting company in a market (bio-medical) that could show significant growth in China. With a rapidly ageing middle class, Sramek's products could well take off.
- 03 September 2019
"Over the coming months, our focus will be aimed at securing the necessary approvals to complete this transformative transaction. As part of a wider strategy, we will also continue to evaluate new acquisition targets and review opportunities for our drilling business in Trinidad and interests in the Indonesian oil and gas project".
"I am very excited about the future of our Company".........................
- 09 September 2019
" Raise approximately £750,000 (the "Subscription"). Pursuant to the Subscription, the Company will issue 1,536,599,792 new ordinary shares (the "Subscription Shares") at a price of 0.049 pence per new ordinary share". Taken 13.04% stake - imo keep an eye out for any increase in holdings in run up to disposal completion to LandOcean.
+ "As part of the Subscription, the investor can nominate up to two non-executive directors to the Board of the Company and shall retain this ability for so long as it holds 10% or more of the Company's shares in issue". -
The Golden Goose in the detail and I missed this previously - Why allow 2 personnel from their company to join as new Directors on our board if RTO isn't coming into our AIM listing after the November 2019 meeting? (to complete the sale of Oil Assets to LandOcean, to become no debt and payment of circa $2.5million to be received). Watch out for a further RNS at some point confirming Non Executive Director appointments.
" We are also delighted with the recent positive share price trend and hope it continues as we deliver on our key short-term objectives".
- 16 September 2019
Sramek BioDynamics had completed Pre-A Series funding with valuation USD 10 Million...
New China entrepreneur taken 10% stake in Sramek BioDynamics this week. Owned extensive network in hospitals, wellness centres, and Chinese medicine manufacturers - so imo this Strategic Investor must be another billionaire and potential pipeline of contracts for Sramek BioDynamics.
- 19 September 2019
"Advises that it has the completed the previously announced subscription agreement to raise £750,000".
I await to see whether Beijing Sibo will join the party now having been quiet for some time. Investment Vehicle set-up in China for the purpose of investing in Range - high net worth individuals (filthy rich) - biggest shareholder as just over 20% from circa 0.80 pence.
All the key players in China - Filthy Rich Individuals in the mix - A lot of money has started being moved around - All have a very big vetted interest in our AIM listing!
Discussions with majors in the past - want to see a ratified contract before farm in - imo it will be Tullow with their presence already there (so Ghana parliament would already be familiar with them) and their failed bid for some blocks during Summer 2019.
Block 1 - happy partnering GNPC & that works for them.
Real momentum in Ghana now to get things done.
Over a 3 year phase, less than $1m for exploration work on the ground, when go to industrialised likely to bring in one of major battery manufacturers, probably a Chinese company, and there is a lot of interest there. Already work with technical people that are geologists and advisers to leading Chinese manufacturers. So there is an excellent chance we will bring in Chinese partners - give access to market.
We expect to sign a MOU in the coming months. Hoping to start work in the field early next year. Already started some sampling and thus identified high grade.
137 Views - all potential investors in CLON and buying next week imo.
As said weeks ago, momentum, anticipation, short squeeze, AIM gamblers, penny share punters etc will all kick in too.
We must be the cheapest junior explorer on AIM by a mile with all the transformational stuff in the pot - after long period or even years of no news, there is a pipeline of news flow which will all be very explosive for the share price.
"So you've been pushing a rock up the hill, but then there comes a point where suddenly you don't have to put as much effort pushing that rock, the rock starts going down the other side with the force of gravity, we are at that point now" - DH was smiling and came across super confident for pulling the whole lot off with JT and Co.
- Love it!
Corporate activity was pending for a while.....the below from Half Year Report on 26 June 2019. The biggest shareholder was going to join as Director 2 years prior to the below.....the below appeared and then Chairman and CEO Tony Sanders rather resigned - it was sighted personal reasons. I would say imo he jumped ship rather than get ousted by the biggest shareholder - Vacant Chairman and CEO hot seat for the buyer of the Miton stake? Biggest Shareholder/New Strategic Investor?
"The board is also looking to further strengthen its capabilities and
expects to announce changes in due course".
Well the share price remains at all time lows - the longer the share price remains at all time lows imo the more appealing the takeover option becomes. So we have that in the mix too. JB might still surprise us and tell us next week it was him who bought the 6 million shares straight at the open and once his closed period was over with the issue of the results.
Have a good wk/end all - onwards & upwards here.
Yep still Ruffer - they had just under 5% at the beginning of the year & not had a TR1 since then.
So maybe had just under 100m shares to sell at the beginning of the year. I think they've sold a quarter at least by now - would have to check properly though as could be more but imo definitely quarter as 25m shares.
Also, to reiterate if the buyer picked up the Miton stock in one trade of 304m shares it would have given it away there was a buyer, everyone would have piled in more and made the share price rise more and then if the buyer wanted to buy us out having to pay more of a premium - if I was the buyer I would have bought in tranches and imo the market makers wouldn't have allowed to buy 304m shares in 1 trade. Secondly, when Miton dumped their first tranch of 60m - only half an hour or so later someone bought 42m shares at 0.035p (highest single purchase trade all year) - imo deliberately again not matched the 60m trade so not to give it away. Even the 42m shares buy just cannot be a private investor having a punt of £15,000 after a 60m shares sell (had been the highest sell of the year at the time) has just gone through in that afternoon.
If you're still not satisfied....look at it this way, we've not had the news on the above yet and the buyer but neither have we had the news on the below.....does it make sense now?
11 September 2019
"The Company continues to carefully manage its working capital position and will need to raise further capital in the near future. Further announcements will be made in due course".
- Our current mkt cap of circa just 900K is less than even cash shells who are getting away with £2 or even £3m mkt cap on AIM. Yet the suite of products for Blockchain imo can easily attract a sum of circa £2 million or even £3 million (0.10 pence on the share price).
Our Current Mkt Cap is circa £6m only.
Our total assets in today's report is shown as £43,218,000.
Total liabilities of just £689,000 - go & find out who much they are in some other junior explorers.
We have a Net Asset Value (NAV) of around £42.60 million - maybe one of a kind in junior explorers.
With 2,627m shares in issue (most junior explorers have at least 10 billion shares in issue now) our NAV equates to circa around 1.60 pence on the share price.
Someone was therefore right earlier in the week to suggest one of the options of a takeover one day!
Fully funded now - other junior explorers imo would scream at getting away with doing placings at premiums and for such amounts in light of current economic uncertainties. Roll on good news flow now.
(Sharecast News) - Slovenia-focussed oil and gas exploration and production company Ascent Resources has entered into a subscription agreement for £1.08m before costs, with RiverFort Global Opportunities PCC, it announced on Friday.
The AIM-traded firm said the subscription was for 393,000,000 shares at 0.275p each - a premium of 10% to the closing bid price on 19 September.
"We are pleased to be working with RiverFort Capital to complete this placing including their ongoing investment in Ascent's new strategy," said Ascent Resources chief executive officer John Buggenhagen.
"It offers us the capital to take the company forward and begin to execute our plan to grow the companies reserve and production base in Slovenia while we find new opportunities in the region and diversity our assets.
"This is the next step in reinventing Ascent and is necessary to move forward towards new producing wells while continuing to focus on capturing the significant value that the Company and its partners have already created at Petišovci."
Same close again with just 1 MM again at this 0.03 pence offer and others at 0.035 pence and higher.
We saw again today on a few hundred quid of buys the price shot up 17% intraday. MMs remain twitchy - imo because they know someone took Miton's full stake (304m + 60m) and news would be due indicating TR1 + Corporate activity.
I say it again and no one has answered it....this share barely had any volume all year so on Wednesday 11 September 2019 there were 1.16 billion shares traded. Miton was responsible for 304m shares of the 1/3 of the total shares in issue volume traded.
If there was no one who picked up Miton's 304m shares on this day - it would mean private investors bought and sold 800m shares - No chance imo and there was a buyer.
When we break the 0.55 pence resistance then it will get v.interesting and v.quickly imo - tested it first time this morning and that's the one Zak keeps highlighting. Blimey you have to go back past the 5 year chart too and to see the next wedge of resistance - we were at well over 5 pence levels etc before....it would be at circa 1 pence from 2014. But 1 pence would only be 7 million mkt cap in light of today's transformational news on Bolivia, Ghana Block 1, Ghana Tano 2A Block - partners on board for Block 1 & bigger acreage for Tano 2A Block.
76 Posts today - 55 Filtered and Share price finished up 33%.
Its very scary that someone has maybe sat in a bedroom all day again and posting maybe same copy and paste all day again only after my posts. They would have not posted on any other stock again today.