Member Info for willahr

Mine de Rubaya in the killing fields of the Congo produces up to 30 percent of the world’s Coltan. It’s dangerous artisanal mining under rebel M23 control. We’ve all read about last month’s landslide that killed 200. ESG nightmare. When the market realises SWT has a conflict free resource in an area twice the size of Rubaya this goes parabolic. Congrats to all holders - you’ve got into this Beast soooooo early.

The market has completely overlooked / misunderstood the importance of this visit. Meetings with Nick Checker on site and in the Malawi capital re future collaboration.

I bet Jeremy had a great summer holiday.

Yes - it is an epic shafting by a criminal cabal.

has anyone tried to reach out to any of the significant investors.

I would be very interested to hear what Orion have to say.

I tried the Spanish hedge fund - they made out that there investment was play money and that they have written it off to experience.

Martin the SNake must be held accountable. It's insane he can swan off with his millions and pop up at another company - no doubt to do it all over again.

HZM de-listed today.

It utterly stinks.

Run a mile from Jeremy Martin. Run Run Run.

RED FLAG

100% we should be allowed to see any offers.

this is nothing short of a disgrace.

A director can be sued for negligence, gross negligence.

I would also like to see fraud considered.

The whole thing stinks

Sir Rampalot - if only the world was that simple.

On the face of it, securing funding a very positive headline.

The waters between here and production are shark-infested. Not least because when you have something good, the sharks smell blood. To quote one of those sharks, they make their money by "nailing juniors to the wall".

Should the bond investor deliver his cash and be a benign, supportive custodian of his shares - then this is a marvellous result. I will breathe easier when we have ore coming out of the ground and being sold. If the BOD can navigate us to that point then they are heroes and will be doing something pretty unique.

1000%

Feel its pretty harsh kicking a guy that has lost heavily in this shambles.

I have lost six figures and certainly blame my naivety as to how grotty this market is, and ignoring some warning signs.

I am massively struggling with a board that issues an "on time and on budget" RNS to the market, 2 weeks before tanking the share by announcing it is at least 35% under-financed. That is utterly extraordinary to me.

I certainly have learned and will not be looking at AIM stocks again. Retail stand absolutely no chance, unless you are a very savvy trader and know what you're doing.

I invested in what looked like a seriously good prospect with great financials.

Erroneously I looked at the cornerstone investors as a positive, not foxes in the coup. I ignored some warning signs - like JM not buying shares and milking salary, funding commissions etc. I lacked the cynicism to see how this was set up and how bent this market is.

I did not know what I was doing.

La Mancha, Orion and Glencore do know what they are doing. Glencore have said that they make their money nailing juniors to the wall. That is what has happened here - someone has nailed us to the wall.

I will not be making the same mistakes again.

I think this is an extraordinary scandal.

JM telling us that the scheme is on time and on budget 2 weeks before detonating the at least 35% bomb ande then walking off with his millions in to another seat - fing outrageous.

Disgusting.

Directors have an awful lot of protection, but can they be protected against this sort of corporate cowboy-ism.

JM and cronies fully milked this company before causing this disaster that has caused so many to lose such significant funds.

Is there a shareholder action here?

Or go short. Hard.

JM - kiss of death

Absolute snake or best case totally and utterly hapless. Either way he is toxic and investors should run a mile.

Quite how HZM has arrived at zero is beyond me - what a resource, what an opportunity.

At least JM got his £3m in the years 21/22

RUN RUN RUN

That was the mantra from The £6.8m-man.

There has to be a lawsuit here surely.

How negligent do you have to be to get the costs wrong by nigh on 100% - whilst trousering £6.8m

Jeremy Martin slice of our money - not including 2023.

What a bandit.

...you realise they need at least $150m and that is going to smash the share count or worse put the company in to administration.

Total gamble at any price. Market seems to be realising that.

It's simply a trader's share to gamble on until then.

Lesson for future - never go in to anything that the CEO has no personal hurt money in.

Problem is an orchestrated take out - then shareholders are toast

Depends on the size of the hole.

Given interim update as at 30 June - looks like the shortfall in cash terms is c$50m with the liquidity and finance they had available then ($344m).

However, the tests on their loans will not be satisfied for further drawdown given the overrun fiasco and it may be an event of default.

What is the best way for the banks to recover the loans already made. It isn’t to pull the plug.

Could they insist on a sale to GLEN for a song, leaving the loans in place or paid up? I think that depends on whether they are fixed or floating rate instruments. If fixed and uncompetitive in today’s market then…..

If anyone is interested

https://www.fca.org.uk/markets/issuer-complaint-form

Capex increases by 35% to 725m. $329m spent with $344 available as at 30 June.

Not remotely ideal but that is is not insurmountable at 125p

Shaken out to 16p….. different. A plan so cunning you could put a tail on it and call it a fox