Member Info for thegame316

Today alone over 50k shares have been brought and cancelled. These ongoing buybacks will put a brake on any further drops barring any further bad news. If it it does drop further then I will just top up but I am confident that this is the bottom and the only way is up. It may take time but 1200p is achievable. Am in a bit of a quandary though. I would rather the sp stays below £10 for a while as this will mean a lot more shares will be taken out of circulation. Ultimately this will lead to a higher share price. 1200p is my target for now but this may even hit 1400p if the next update is positive and if the share count is reduced by a few million.

The key word here is believe again. Yesterday people were assuming that the believe in the rns meant that bod were not sure. Taking the same stance for this means the analysts are not sure that the problem is widespread.

All I know is unless there is an official announcement then the current sp will keep going higher. Yesterdays massive drop was based on the fear that more bad news will come. If this is not the case then we should easily get back to 1200 if not more.

I'm pretty sure they haven't used the same surveyors across all 300 sites. The rns said it was one division out of 6. There were issues which are being addressed but to assume this is a company wide problem is premature at this stage. Unless we get further news saying otherwise I'm going with 9 out of 300 sites have been underestimated for costs and the other 291 sites are fine

That has no relevance to today though, what he sold before was under a different set of circumstances. The fact is, there has been some bad news relayed today causing the sp to go down and the CEO/chairman has brought £200k worth of shares today. This shows his confidence that the current SP price is a steal. I am just glad I brought in much cheaper than him lol.

It is a sign that says there is no further bad news to come. He knows more than us, this to me suggests the sp will go a lot higher in the next few days. I am hoping for 1150p by the end of next week.

"The Group is confident in its unique Partnerships strategy. Notwithstanding the one-off adjustment announced today, we remain committed to delivering a strong increase in high quality mixed tenure housing, our medium-term target of £800m adjusted operating profit, and £1 billion of capital distributions to shareholders."

As long as this bit is still correct, then today has been a massive overreaction. The current sp should be around 1200p based on todays new around a 5-10% drop not 20+.

I should have got in at 900 but missed it, luckily I managed to snag 1087 shares at 914p. This will recover in the next few days.

What needs to be done is, all us shareholders need to band together and call and EGM and get these aholes to explain what exactly have they done in the last few years. All that is needed is 5% of shares to vote for one, I'm sure us ordinary plebs have more than enough for this. Blackrock has managed to get funding and have even managed to employ close to 100 people to get their mine and infrastructure built. We are still collecting weather data and also brought into an exhausted old tinpot of a mine as a red herring. I'd rather lose everything now and have the company liquidated then have to watch MB carry on taking a 6 figure salary for doing jack all. I just don't get how nothing has been done. There are 8 working hours a day and about 250 working days a year. Thats about 2000 hours of work that should have been done for the amount of money he has been taking. I'd rather end this pathetic company now then carry on watching charlatans keep looting thousands each month for no work. Rant over for now.

Don't anyone dare to complain or criticize. This is a well thought out plan by MB where he on purpose will make sure that we are so far behind that out neighbouring miner will say we can't wait for them and need to press on with spending tens of millions on infrastructure to mine and transport our graphite. When that has all been built, then and only then will MB pull out the rabbit from the hat and fast track our mine to production with the "imminent" financing that is due any day. This is what some posters on here have actually convinced themselves of. Just the thought makes you wonder. Fact is nothing material has happened here for almost 2 years and you have to ask why.

Had a feeling this was going to happen. Happened to EZJ so was bound to happen to WIZZ. Still a good long term buy but looks like it may fall further.

This is getting out of hand- I'll leave it for now. but @dantrader- what makes you think I would bother to be interested in how long you have been invested. You said why have I popped up and you can't recall a post I have made since you invested? I don't know how long you have been in this share and it doesnt matter. As for bringing up my previous posts, that just backs up what I have said, that I have done quite well on this share in the past, I am a LTH, I did buy in for the long term and am still holding and have averaged down. This is now getting toxic so if I have offended anyone I am sorry. But can people can stop bringing me up now and I'll stop posting.

For question number 2, if you need help checking someone's posting history, then I would suggest you get some IT help as I have got posts on ACP from as far back as 2017. As for question number 1, if you want me to answer it, I will later as that will take some time and I am a bit busy now with work

How I buy and sell shares is my own concern and if I feel the need to post it, then that's up to me too. But using that to suggest I'm trying to do the same here is clutching at straws. I be honest when I post, I don't lie and I dont attack others if they have a different view to me.

That was a one off day trade on a ftse listed company. There are other AIM companies, and if I wanted a day trade. If anyone thinks I'm here posting because I want quick buck, again there are plenty of other companies out there. And no way would I risk £10k on this. You know what, this is just getting out of hand. Let's just forget and see what happens.

I think I will leave it for now. What I was talking about was the bod's incompetence and lack of progress. It somehow for siderailed (pun intended), to all this talk of infrastructure and electricity. Let's just agree to disagree and forget it. But one last thing. I don't think anything I post will affect the sp as I don't think anyone else can either. People who say that are really insecure. Maybe I am just venting out my anger. I just want some progress. I don't mind holding these for the next 10 years. My average is low enough that without further dilution a macp of over £30m will make me a considerable amount of money so why would anyone think I am here to talk the price down. If that was the case, then why isn't the sp over 3p based on all the positive posts?

No what I said was based on the links provided

"The MOU lays the groundwork for a legally binding agreement for TAZARA to transport graphite produced by Black Rock to the Port of Dar es Salaam via existing railway sidings and rail lines.

The agreement specifies railway rights as well as freight haulage, and aims to provide cost-effective critical logistics requirements for Black Rock's anticipated activities at Mahenge. This includes rail transportation and access for graphite products, identifying the ideal operating regime for Black Rock's proposed operation, and providing secure storage facilities.

Black Rock chief executive John de Vries said that direct access to rail infrastructure would give the company a competitive advantage, allowing for lower costs and sustainable operations."

It looks like Blackrock will have exclusive use of the railways and for the electricity part, it does state on there that-

"Under the agreement, TANESCO will construct a new substation and a 220kV transmission line to the project site, which is expected to provide sufficient power for the entire project's needs."

Which again suggests that the power provided will be just for Blackrock not for anyone else. I like everyone else here would love it, if an rns came out tomorrow saying we have signed an agreement with x and will get a prepayment of y dollars and will commence building the mine in the next few months. But as I've said several times, there has been no development of any sort in the last year and more. Other than seeing what the weather is like and how much rainfall there is, what are we doing to progress this project?

The dangerous ones are those who look at everything with rose tinted glasses just because they have invested. It's all very well posting links to what other companies are doing. But the fact is that for the last 2 years nothing has happened for our graphite project. Not one single agreement regarding offtake or infrastructure has been announced. How can anyone say we are going to do this, that and the other when the facts are nothing significant has been done or announced for more than 18 months. I will only believe it when I hear it from an official source and that's when I will top up.

Some posters on here just get so agitated when they hear something that's going against there views, it's almost laughable.

I love it when people start calling you names just because you have a view that doesn't match theirs "you need to buy in now as this is going to go up to 5p in a few days" mentality. For the record I am a LTH and with an average of around 2p. I have got the funds to top up but this not the right time IMHO. This will fall further once the China export ban hype dies down. Fact is the current market is oversupplied. Just have a read on Syrah Resources latest announcements. They have got a tier 1 long life asset with one of the lowest costs for producing and they are currently mining at a reduced rate as they have no buyers for the full offtake they can produce. On top of this there are several other mines that are currently being built. It alls very well saying Graphite demand will go up massively in the next few years, but at the moment we are in a bear market with an seemingly incompetent bod

The problem is there has been no communication from the bod regarding using the infrastructure from blackrock. It has been over 2 years since they have said funding was imminent. Wouldn't it make more sense if you have someone next door building the same mine, to share the costs of building the infrastructure. This whole wait for them to build everything and then we will come asking use it, is looking at it with rose tinted glasses. There is a better change of ACP selling out to BKT for a few million and getting a small royalty for each tonne produced.

At the present this what everyone including myself is saying is pure guesswork, the only thing that is set in stone is that the bod have done anything of note in the last year which is almost criminal. Blackrock and Walkabout have actually managed to progress their projects and are close to building the mine whereas we are still looking at the weather FFS.

2 years ago, funding was imminent and production was due start in a matter of months. The last 2 annual/half year reports have literally been a copy and paste of the previous one. I get it that these things take time but what are the bod doing. Why haven't POSCO been contacted. Do you really think walkabout will spend millions developing infrastructure and then let a competitor use it, even if we offer to pay. They would rather keep it to themselves as the less graphite on the market, the higher the price they can potentially get.