Member Info for Tex2374

I agree. If they are worried about PIs then going from 5.5 to 6p won’t change anything and they aren't going to pay 15p when the BoD recommends 5.5.

Yellow, we can only go on what we know. So currently there is no other firm offer. There could be something in the background bit IMO unlikely.

however maybe there is one buried in the 81 RNS released today.

“They are well paid
Get your job done
And hurry up”

Good work ethic dodger. I learnt the same from my dad and it’s benefited me well in my career.

Dodger, I enjoy your posts. But how are you proposing to sack the BoD? Let alone raise 400m,

Major investors are always in the know.

IIs are the first to know. PIs are the last.

FFC yeah we can argue about that probability, maybe 5% maybe 50% guess it depends when you bought in.

Anyway, not a great situation and I will continue to follow with Interest to see if more details come to light.

Zero press communication from Sxx is telling.

I imagine CF will be taken into AAL and then exit in a relatively short space of time with another great package Again it’s par for the course. Realistically is AAL a company he wants to work in?? I doubt it very much.

Bottom of the bottle is fast approaching. Apologies if I have been a bit opinionated this evening.

It is pretty exciting.

I think I may sell another ‘punt’ share and invest more there ( sorry I call this a punt share but I don’t mean it in a derogatory way).

I am scratching my head over our valuation versus the Valore holding.

GLA exciting times ahead (hopefully).

Gertfrobe, correct. The first time I liked the story, the second time was a complete punt.

The 20% probability referred to hearing the original story and holding to the bitter end. I didn’t do that.

My punt was a small % of my overall investments. On these start up shares you can win and lose so you need to spread your bets. Only invest what you can afford to lose and don’t get emotionless attached. This one could have been a big win for people, unfortunately it didn’t work out.

It’s hard to swallow. Is it ok? Ok, not sure.

The mine gets built
Local jobs are created
The region will benefit over time as the local infrastructure grows.

If I have just lost cash because of the situation then naturally I would have a potential issue with that. If I am looking in from the outside then maybe there is a case.

The other thing is, this is par for the course in the business system we live in. How many examples of fat cat CEOs getting huge exit packages for failing. Compared to many, £7m is a snip.

I originally bought because I liked the story and the idea of moving to the FTSE. Plus at the time there was huge positive media coverage. When we moved to the FTSE things slowed down. I remember talk of ‘60p by Christmas’, I decided to take about 50% profit and get out when the share started to dip post entry to ftse.

When the crash happens last year I saw 3p and thought it’s worth a decent punt I believed something would happen and they wouldn’t fill the hole in.

Always saw upside to 3p as the most unlikely situation was going bust (given the investment to date and the progress of the project)) Sold when we hit 4p bought in again at low 3ps and held till where we are now.

I have real sympathy for the majority of investors however, for the few who thought that this share was a given to make them millionaires, then I don’t have much. Sorry.

JR. Did you honestly think what CF said was a given?

Did you honestly assume there was no risk to your investment and you would make 20 x 30 x 40 x your buy in, plus get divs ?

Surely you listened to the story and thought, there is at best a 20% chance of him pulling this off.?

He is going to try and do his job, doesn’t mean he will be successful.

If I give him the benefit of the doubt he had a genuine dream and sold it to investors .

Worse case he just ramped it up to get investors on board for the early stages.

Personally, I think it’s the former not the later. He had a dream and then in 2019 realised he was out of his depth. That said, to get As far as he did (on his own without a major) was an achievement, surely?

Maybe that’s the way he is looking at it.

Take a step back and imagine someone telling you down the pub this crazy idea of making a 100 year producing mine a mile under a park with a 20 mile tunnel to ship the stuff out from a port created at the coast. Plus he is going to patent a new form of fertiliser pellet to make it more saleable....... All without any real major investors......

Actually maybe he did well to get it this far, the issue is too many people bought into the story.

Nope, but interested to hear the conversations and views.

Circus ETA is 8am tomorrow. Strap in for the ride :-)

Surely everyone left in this share is going to vote no?

If your vote is yes then you would have sold at 5.5p.
Already. No reason for you to stay in the share.

We need solid drilling results a good RNS and then a CEO interview which highlights the potential this company has and the financial strength that the Valore situation gives us.

I wonder what the BoD plan is? Grow and develop the business or get it purchased in the next 12-18 months.

More PR required! Hopefully we will get on the radar when drill results are in.

Anyone who borrowed money to invest in shares needs their head examining and shouldn’t be investing in the first place. Especially in a start up!!

Afraid I have little sympathy in this scenario.

FFC it’s a good question to ask. I tend to agree with you.

Cue IBAB.

Thanks 15Lives

Good to see there are still some lucid posters here!

Yep. We will see a strong push into close.

Assume people are expecting some news Monday.