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It’s the old argument of lying vs omitting facts. For me the board must have withheld market sensitive information. They may have done it to try to protect the share price, but I think the SP has likely arrived at the same place eventually anyway. They have clearly hit a delay that they had not envisaged when making their bullish statements about imminent funding, and rather than divulge, are just keeping schtum. Here’s hoping 1p is the bottom.
Does anyone think a bigger mining company could run Rambler’s mines profitably where the current jokers failed miserably?
Re. AIM in general, I agree. Simply not enough money invested as a whole in AIM to sustain decent SPs. My feeling is a lot of money left AIM for cryptos after about 2017. Many of the small junior miners with market caps of 10, 20 and 30 million would be worth 3x as much on the ASX.
Horizonte is a bit different though as it has got through to development, and going to end well IMO, so long as it doesn’t get acquired on the cheap/sly.
Dan, when they reply to you I’d be grateful if you could pass it on to the discussion board. Company stopped replying to my emails a long long time ago… Perhaps start by asking them why there has been no progress with funding despite telling us two years ago announcements would come ‘soon’ or ‘imminently’.
Manini in interview saying the company has received low-ball offers for the company over the last 12 months. Are they not obliged to announce such approaches? If they have been offered let’s say 2.5p for the company, why not announce it, reject it, and set a new floor at 2.5p rather than the 1p nonsense we currently have? Unless it’s lies of course…
I agree. 100mil is pie in the sky. I’ve written this off. Got sucked in to the boiler room against my better judgement.
I’m surprised they get away with holding their AGM in Aus with no video stream or recording or anything. Are there no AIM rules governing where the AGM is allowed to be held? How are UK shareholders supposed to attend… They will argue costs are kept down this way - which is true. Helps their Lucan act nicely too.
How about they have done FOOK ALL in the last 12+ months? That’s fair to say. Might not be their fault though - I suspect they are in a Tanzanian Government queue, and the queue moves very very slowly…
Look at walkabout, look at their RNS history and how they stepwise progressed their project whilst ACP have done nothing for over a year. That said Walkabout’s SP has not progressed, mostly as I see it, because they have done several equity raises over the last 2-3 years. Can’t win…
Hope we won’t be at the receiving end of a Glencore shafting with them taking this over at a lowball price with broker collaboration. Wouldn’t surprise, especially given their recent collaboration with La Mancha in other projects.