Member Info for wasarunner

I see no corporate action on my account has anyone else seen one? If we're meant to vote when does the vote become available? I assume you vote ahead of the AGM?

In GBP the silver price is at 12 year high. There are worse times to be activating a silver asset, if indeed, it is capable of near term production as I expect we'll find out.

Amtech he is - and by securing a new project I do believe he is doing that. He could walk away - it was easy for JM to do so from hzm? Why doesn't he and why put another £100k in? I back him. Lets see.

Strummer, hope you are ok. I know rmm went south for you and I don't know if you managed to avoid the hzm disaster - really didn't see that coming but plenty of people afterwards of course coming ' I told you so'. Better people than us lost big there, azvalor and fidelity to name just two names (assuming orion and la mancha recover their stake and may have taken pi's to the cleaners). Just haven't see you post and obviously I lost a dear friend in the maelstrom so just checking you still here buddy? No guarantees with acp, of course, and each to their own but I remain invested. Hope you're ok.

Also if people don't like the characters involved you can always invest in 'too big to fail' companies for 0-10% returns. I can think of 2 in particular (I was invested in both) BP before the deepwater horizon debarcle and Lloyds before 2008. So if opu don't like which director doesn't get on with which other director shenanigans on AIM those are really safe bets, until they aren't. All imho

I would like to exit my trapped profit trade in profit so the best way of doing that is post daily on the acp board that its all doom and gloom. Yeah. I get it. And Jim well no idea what went wrong mate but get over it. No Dee and I didn't take 75% of the placing but this company is doing a lot better than most in my pf so thanks for the warnings but we'll just let it rill and swe what plays?

But if you're trapped in your trade you'd be bigging up the new project to get your exit! Not going no progress blah blah blah. Which means you just don't like the guy. I get it, there are people I don't like in this world (Braverman is quite near top.of that list) judt don't drone on about them all the time.

I hold just under 5% of the company pre dilution my position is declared, and clear. I want an ROI whether through Mahenge or Silver Canyon (preferably both). I'm still invested in a company with cash in the bank progressing now two projects (albeit one slower than we would like). Lets wait for the prospectus on Silver Canyon and then jump to conclusions.

It is undeniable that Blackrock have not proceeded at the lofty expectations of progress they set (their shareholders) and it is pretty clear they have engaged some serious infrastructure improvements to get their graphite out of Mahenge. If we wanted the capex hit - what is it, $30? $40? $50m? to make those improvements then of course, we could jump ahead of them in the queue and get it all going. Lets do a whip around for the $30m I'm sure raising it on AIM right now will be easy! or, lets see them do the hard yards and piggyback on their deal, it's what I would do.

If Blackrock don't progress in Tanzania nobody will, which is why personally, I think a project in the US is a great idea and I backed the raise (while we wait for an outcome on the former). GLA

I think it's ok but you can call them out. RHT99 arrives for the first time on lse forums on the ACP board despite being a member since 2019, arrives, in fact at Today 11:46.

To tell us it's all a big lie. Why? So he has a mate that has a mate that lost money in ACP? But we al have mates of mates who lost money on every share going. Even Amtech agrees AIM is a giant ponzi! But thanks for the advice anyway :)

Just love it when people spend their times on boards on shares they have no interest in, have never owned, warning others not to do the same. Knights in shining armour, robin hoods as they are. Except robin hoods don't exist in real life of course. So what's their motive? The current crop just don't like MB is my gist, I don't think they're talking the share down because they are short or want cheaper entry. At least, that's not how it looks.

...so it can't be easy, is my point. Or a much bigger company with already the biggest graphite trading co in the world ex China as a shareholder would have built their mine by now?

Ask John de Vries. Here he is 4 years ago;

https://www.youtube.com/watch?v=wPqmlB76G-g

45 seconds in:

"And now we're engaged with the government of Tanzania to secure our final development permits once we get those out of the way we're into financing and hopefully pouring concrete and steel."

AFAIK they don't have financing secured (fully) and haven't poured concrete and steel. And they / were / are ahead of us, apparently.

Rover, I do think we'll get that info in short order. I think the deal has just been secured more info will follow.

Other thing about trading (from somebody who does it) is it's sometimes more efficient not to do it in shares but do CFD etc but then you have carry costs and if so I just wouldn't understand why somebody would sit years underwater on a trade with ongoing cost. Part of the thing I like about shares is even if I have a 7 figure portfolio (I no longer do, but I once did) my regular fee was like a tenner a month. As I understanding keeping a cfd alive for years is like a real pain

Ok so your trade went wrong, I get that too. I'm not a trader (hence losing money because I held too long - so not necessarily disagreeing with you - I could have sold my Horizonte holding for 7 figures starting with a 2 at one point) but my understanding of traders is they exit when losing because they get the fact that you're unlikely to get it back fast and usually there are better opportunities elsewhere? So part of a traders mentality is trying to make more wins than losses and I totally understand that strategy even if I haven't practiced it myself. So in that context I don't understand why you wouldn't sell here, take x loss, try to make 2x on the next trade on something better.

But you're literally posting because you don't like him (I can't remember why and probably none of my business). If you were invested, and wanted your money out, you wouldn't talk him and the company down surely? Because that would mean you couldn't extract your £ invested imminently?

So I don't think you're invested, you got beef to grind with him, I get that, I got that too with JM at Horizonte because last August he said on time on schedule nothing to see here and 6 weeks later when away on business I'd lost £800k I could never get back. So I get why people don't like certain people, it happens.

I have a choice and I had a choice. If I had my time again would I have put into AIM? Of course not, and I put that on the HZM board, as a parting thought. Now my choice is to wait it out (here) and see what plays which is why I'm here. I have a choice today, to sell, I could sell my shares. I can't sell shares in GRL (because it's suspended) and I already sold them in HZM (because it's toast).

The thing I still don't get is why people hang around if a. they're invested and underwater and don't believe in mgt. Just sell surely and move on? b. not invested but like to offer others advice on boards i.e. the famous djryan approach it gets really tiring real quick because people love it when you go around boards telling everyone AIMs an itshow and steer well clear or c. really not sure why you post Amtech you obviously don't like the guy so do you stay invested/sell/buy more? Obviously the silver mine might get developed imminently then we're all screwed because that could take 3yrs+

>>GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.

should have read auditor resigned. Always good when your auditor resigns it means things are going well usually.

Good or bad to be said about every company but here were my three great investments from around 3 years ago, similar weight, I actually have most by £ invested in ACP:

HZM - now worth 1% of what I paid, CEO went with 7 nearly 8 figures taken out, paid in 0, company about to disappear

GRL - suspended 10 months, nomad resigned, now placing at 1p, which is >50% discount to the suspension price, to stay alive. No guarantees it will do so.

ACP - soft pedalled while Tanz gets its act together (note - Blackrock, for all their great RNS' still producing the same amount of graphite as ACP), company solvent, cash in bank, placing at 10% discount(ish) to fund another near term mine in decent jurisdiction, CEO puts in £100k of own money

Which do I prefer out of the three? Well I'm well down on all three but I know which of the three I might not lose my shirt on. Hence I supported this placing and remain invested. If people don't like it, don't but, or, you can always sell.

GLA

I don't know if this data is accurate so please don't invest your life's savings on the back of it but it does appear we are close to Lucky Friday:

Lucky Friday:

https://www.mindat.org/loc-15061.html

(nearest town Mullan 1.6km)

Canyon Silver:

https://www.mindat.org/loc-136378.html

(Mullan 6.6km)

Hopefully ACP releases a prospectus on the mine.

Don't know where it is but hopefully it's close to this one:

https://www.hecla.com/operations/lucky-friday-idaho

If it is, this could be our lucky Wednesday....