sausage, I was merely replying to mitch. I was and am happy with my holding here, and had made no mention to the past. But when mitch brings it all back up again, I do have a right to defend the truth. Cool and the gang here, only post facts, no bitterness and no Queeny lol.
Welcome back Mitch! Yes I am invested here now, and yes you lead me to this share from your random trolling. I think this is a good punt from here.
"All because I asked a simple question and it was a simple Q, in a forum I HAD shares in." It was not even you, it was Quantum, are you the same person? Two accounts is illegal. Hmm? Do people really get banned for such a long time, just for asking a simple question?
You are just trying a bit of reverse psychology, YOU got banned for stalking me. I did not get banned, I was stupid though to rise to your childish games, but not any more.
Now everyone on DIS, UJO, INFA etc... have all seen your abusive, childish posts. Oh and I did re-post some of your abuse on here. I was never abusive, I just told you facts. Hope your 6 year old is doing well, and helping you with your reading.
SWG have been around for about 2 years, and dormant priced at close to zero. Surely "Pentest has secured a one-year contract with a global technology corporation worth in excess of US$1 million." Is good news, but only tick over, operating money. Nothing of real substance.
Their price has changed because of a 100 to 1 consolodation!
"certainly know how to make money"? Yes from shareholders! Tell the shareholders that have just lost two zero's from their portfolio that SWG are good!
After a 100 to 1 consolodation, things usually head south and FAST.
Haha ignore my last post, the ii's placing shares DO cover the £8m USA investments too. So NO overhang on the market. The only difference was the 783,333,222 share swap, also not on the open market. So NO overhang anywhere, just roughly double the shares in issue, and over treble the mcap.
No overhang, and the shares will not be hitting the market, they have already been forward sold to the book build ii's. As isdeer has just said, RBD's shares in issue will go from 4b to 7.5b The new ii's can not flip for a profit, as the sp now is the same as the placing price. Everyone just has to relax and wait for results to start coming in now.
Alexios, whilst you are correct Miton have merged and will be selling all their small cap holdings. Keep in mind, their 8.57% holding here when the 3.5 billion placing hits the market, will be more like 5% When news starts to land here, I think Miton's soon to be 5% will easily be bought up and absorbed.
"Agreements to increase its interest in Rathlin Energy (UK) Limited ("Rathlin") to up to 74.99 per cent., through a £16 million cash investment and, potentially, a £7 million equity swap with existing Rathlin shareholders"
The other 8m in the 24m placing is for their USA wells and forward running costs.
Altyn - pleasing Resources & Reserves upgrade, remains a gold recovery buy
Altyn (ALTN) “is pleased to announce the results of the latest Independent Competent Person’s Report for the Sekisovskoye Mine, which includes an important upgrade to its Mineral Resources and Ore Reserves estimates”…
Prepared by Ernst and Young Advisory Services, the report shows both increased and upgraded (to higher confidence ‘Proved’ and ‘Measured’ categories) Reserves and Resources, with a forecast NPV up from $238.6 million in 2014 to $415.4 million (at $1,321 gold) and “an exploration target of 1.74Moz - 22.79Mt at an average gold grade of 2.37g/t”. It sees Altyn CEO Aidar Assaubayev emphasising it “confirms the world class resources of Altyn. While the company is well positioned to capitalize on this base by growing production, it is still aiming at increasing its resources base further”.
The shares have responded positively, towards 0.70p – though capitalising the company at still sub £18 million. It still needs to show the production and cash flow can be delivered to justify this and a much higher valuation but it was recently loan approval follows interims, Sekisovskoye production ramp up ahoy – enhancing confidence.
With this latest looking to add further potential to materially improve on 2018’s 15,282 ounces of gold poured at an operating cash cost of $865 per ounce, we remain positive and, although the stock is significantly up from the summer, still a long-term gold recovery buy.
I too was very disappointed with the market response to the CPR. We are definately on track now. As buster says though "production figures will be the key to this flying" The market does not seem to like speculation anymore. Results are what is required now, I believe we should now have great results from here.
No cash balance lol Funded to $17m if we want to draw it down at an amazing 6% Kazakh Bank seem very confident in what we have here. Low estimate of 20k oz gold at $500 to us, is $10,000,000 per annum. Have you seen the MC? Maybe best to stick with nickel investing.