Member Info for Tex2374

LTV given your investment and your prolific posting and views, maybe you should get them? Just a thought.

Very good! Pleased to hear it.

Nice punt Bellers, I think you got in at around 2p??? (I could also be wrong).

Not a dictatorship as there are the votes which could scupper their plans, Hope4...

Looks as though that is increasingly likely given some of the comments on here and in the press, this weekend.... let’s hope MaxD is right, and people don’t look back at 5.5p and wish they had taken it.

Good interesting post. Lots of ideas, hopefully some action will come from the ideas. Are you reaching out to Polygon LTV? Or are sharesoc?

Great, 15mins walk from our London office. Could be a fascinating meeting, I have put it in the diary.

IBAB are you going?

Where is the meeting? Thanks

Well, this is going to get very interesting for both those still invested and those on the sidelines.

Maybe another opportunity will arise to invest again.

Unless their contingency cash bucket can cover costs for 12 months or 6 months while they look for another option.

I sort of remember reading that it was ear marked for filling the hole in, but maybe it could have another use.

If they did mothball it then that may be a scenario where I would consider a punt. I assume sp would crash to 2 or 3p.

Jangada Mines Plc (AIM: JAN) has increased its Pitomberias Vanadium Project in Brazil by 80%, taking the total licence area to 1,958 hectares. Geological mapping and rock chip sampling will be undertaken at the new tenements alongside the 2,500m drill programme currently underway. The company has also received the final CAD$1,000,000 payment due from the disposal of the previously owned Pedra Branca project and today published a shareholder Q&A document in line with its commitment to maintaining an open dialogue with shareholders

....... what’s not to like!

Max, what do you link the likelihood of administration is in the case of a no vote?

As you say AAL can’t offer anything more for 12 months. So either there is another financial offer or admin? Or could they mothball the facility?

As we all now know. AAL have been waiting for this to fail for some time. I am sure they made multiple indications of deals which at the time CF thought was crazy. They were just waiting for the funding raise to hit an issue. Bet you couldn’t believe their luck.

I honestly believe SXX thought they would get the bonds through (possible very naively) and they were obviously proven wrong.

Why would they have the BoD investing material amounts at 15p if there was behind the door collusion with AAL to create the current outcome?

I am just surprised there weren’t other parties also knocking at the door.

Sad state of affairs. Hindsight is a great thing but it’s clear CF should have bought on a partner post planning application. The rewards would have been less but at least the mine would have been completed by Sxx (maybe).

If you want to blame CF, blame him for creating an over ambitious plan which was too risky. That said, he almost pulled it off.

RE: Times TodayToday 10:13
"I wonder why?"

Because most people would prefer to blame someone else rather than admit that they made a mistake.

...:. Spot on Calamari. It’s the easy option, especially when the mistake has lost you a load of cash. Lot of greed and little investment sense. How many took profit on the way up?

Lots of people lost lots of money. That’s a fact.

My point is around their acceptance of the associated risks Many seem to be making out they were robbed. I’m sure Ashby isn’t.

Simple strategy that works well, add a diversified portfolio to the mix to offset the inherent risks with the strategy and life is good..... well most of the time. Also, always take profits on the way up. There will always be fluctuations and the ability to buy in again.

Over exposing is ANY single stock is a recipe for disaster anything can happen to any stock.

SXX was never a safe bet, that was always clear. Simple matter of risk and reward. If someone is selling you a dream of huge returns then you should realise there has to be equal levels of risks. That’s just basic.

In expensive lesson for many first time investors who simply got carried away with the hype and were ignorant to the warning signs and press over the last 12 months. For those who claim to be veteran investors, well you should have known better.

Too many happy to blame CF rather than looking at themselves. You bought into his high risk, potentially lucrative plan to make you all shed loads of money, he failed to deliver.simple as that.

Why people are now risking to lose everything is bizarre and against all investment logic. The only rainbow here would be SXX finding cash to carry the project on themselves, chances of that ? Probably less and 20%.

Too many emotionally attached investors unable to take profits on the way up and now still unable to hit the sell button. Best take some financial advice before investing again.

Ha!i Good observation, IBAB. I have been prone to it on a few on my punt shares. It’s the reason why majority of my investments are in funds. I prefer to let someone else manage my money without emotional attachment.

Funds aren’t for everyone but they work for me.

A no vote could well be on the cards. Again, the question is what will that mean.

You said people were tricked into the business. I assume you mean Sxx.

Why on earth would to rather have zero than 5.5p? That just doesn’t make investment sense.

Steady, I think you were the one telling people that poly may be a credible alternative to compost :-)

I could be wrong (usually am) there are a few similar names here.

By the way, how were you tricked into the share?

Haha