Member Info for wakeyinvestor

Begs the question, what’s the point of the presentation? What is there to actually say? If it’s to generate new investor interest then it would be bad form if right now they know there is a problem but haven’t RNS’d it. I’ll listen out of interest but there cannot be any material revelations that are not already in the public domain.

It baffles me why people are selling at such a low SP, until Align are fully out (end of 2023) and the lithium/tantalum mine proceeds are fully received or asset returned (end of 2023 - although I think the deadline may be extended but on improved terms for KZG) this isn’t expected to do much. I expect SP to drift until then, but early 2024 there should be developments. For me, this share is a hold if you already own it, add if you can afford it, buy at these low SPs if you’re new to this share, but I cannot make a case for a sell - after all, it’s a cash rich, debt free company with opportunities to progress in 2024. IMO and DYOR. Where is the risk?

Let’s see what exciting opportunity they pursue as the alternative to Colombia ( the country). There is a long term creditor that will expect this to go forward as going into administration is not in its interest. I wouldn’t write this off just yet.

If you are going to correct someone (and yes I did mid-spell Colombia) then at least get it right. Please note that there is no US state called Columbia. Columbia is a city in the US state of South Carolina.

Absolutely, the RNS stated that they decided not to pursue the Columbia opportunity after undertaking due diligence and to instead explore other exciting opportunities. The directors could have just gone with Columbia and put one on the board to justify their remuneration, but fair doos, it wasn’t right so they’ve decided to look elsewhere. I think when they find an opportunity there will be a placing as that is why they’ve done the recent share reorganisation to facilitate it. Hopefully existing shareholders will get an opportunity to participate on proportionate terms.

There should be otherwise why would an existing shareholder subscribe for more shares as a placing as has happened very recently. We are very much in hope territory though.

Not sure what you’re going to do, I think you just have to accept your losses and move on. I’m staying in to see what opportunity they come up with.

Out of suspension, £1m of cash / cash equivalent on the balance sheet, debt not repayable until 2032, equity raise not too dilutive and Columbia opportunity deemed not right for us but actively seeking a better opportunity. We are back on track and well positioned going forward. SP will initially flatline but once the new project is identified and financed we’re good to go.

Still no diamonds. The can keeps getting kicked down the road. Once we get them, I wonder if there is scope for a legal claim as the company has done many placings it would not otherwise have had to have done, borrowing more than it needed to borrow (with the inherent finance costs) …… just a thought, this company may have looked a whole lot different if the diamonds had been sold a decade or so ago. I’m on the vino drowning my sorrows (I’ve got IOG shares, don’t laugh, too loud) so if I’m spouting tosh about legal action, my apologies.

Well I’m invested in IOG (don’t laugh) which today was suspended and might go into administration. On my 2nd glass of cheap red (got to watch the pennies now) so come on Echo, give me back some hope in oil and gas companies.

This is a desperate post from me, but it says TEMPORARY suspension with an INTENTION to appoint administrators. What chance is there that administrators won’t be appointed and the suspension will be lifted? Could this all be a negotiating tactic re bond holders. Forgive me for my naivety but as a say, a desperate post. Looking for the equivalent of hope from Pandoras Box.

I’ll bite. They’ll blame the auditors for dithering. Hey, there might even be some truth in it as the lazy sods prefer to work (lol) from home these days.

Seriously though I tend to agree with recent poster that suggested they’ll want the release of the accounts to coincide with (hopefully) positive news on Columbia so as not to further trash the SP.

Yes, you’re right, current market conditions are awful and there are more companies delisting than listing on AIM it seems. Both Pelatro and Fulcrum Utility are leaving AIM in the next 7 days. They both say they’ll save the listing fees and be better placed to raise capital as a delisted company. You do wonder whether Graft Polymer might come to the same conclusion. Another reason to wait in the wings and see how this unfolds.

Once funding sorted and when we have an idea of financial expectations based on recent series of RNS news (they don’t give any indication of anticipated revenue streams or profit) then it can be properly assessed whether or not this is a viable investment. TBF the purpose of AIM is to provide a way for companies like this to raise capital. I like this company ( I think) but there are significant unknowns so it’s a wait and see for me.

This is massive compared to contracts won earlier in the year. Contract value of up to £375m over 2 years with a market cap before the news of around £30m. Also no new funding needed it seems. The SP has plummeted in last 2 years because of the company’s prior exposure in Palms Mozambique and the terrorists attacks re Total Energies, as such RA took a bath on irrecoverable costs but all that is now in the rear window. The free float of shares on AIM is around 18% of total issued shares in the company so the SP could rocket. Unless I’m completely missing something this is a strong recovery Stock from here. IMO and DYOR

Agreed, they barely covered THG one of the most read RNS and largest fallers. No insight whatsoever from Vox.

A plethora of recent RNSs but no indication of revenues and profit streams. Also, no idea what the cash runway is. Lots of good news and given the low SP probably worth a punt, but still too many uncertainties for my liking

Hereshopin, misery loves company, I sold at 1.96p this morning, I feel as sick as a parrot. Hoping it drops back so I can get back in at a lower level, but got a feeling I’ve missed the boat. Good luck to all LTHs.

Freddie2 I didn’t get out at the top of the first one because I hadn’t invested in GGP back then.

Itssouthere, when it hit 37p it was at the top of the first peak on the Lassande curve, and since then we’ve had the dip. Once production starts we climb towards the second and significantly higher part of the Lassande curve. The steep upward climb towards the second peak should begin post DFS and decision to mine as (thankfully) the construction phase will be relatively short as Telfer is already in situ.