Member Info for Willowman

ElectricLion, I agree, you are absolutely correct in that. In mitigation I would add that I have sold most of these. I bought a truck load at 20p and then sold them all at 40p, this brought my remaining exposure to the clown way down. I did hold onto quite a few shares because I liked the asset and mistakenly thought that even MC couldn't totally mess up such great potential. Sadly I was totally wrong to keep the remaining shares, totally wrong to believe a single word MC has said and totally wrong in thinking that he couldn't mess things up.

You are also wrong, this dismal failure is 100% the fault of MC. If the mine was up and running, producing 100k oz pa and throwing off cash then you would all be giving him credit and singing his praises. As things stand the project is a failure and as such he carries the responsibility, he does not have indemnity. I posted years ago that his ego was getting in the way, he should have stepped aside to allow more capable hands to take over. This deposit could have been producing 20-30k oz pa years ago, with high grading the debt would have quickly been paid off and then cash-flow could have been used to prove up a multimillion oz resource and expand production. If I knew that years ago then why didn't he? Because he never had the slightest intention of taking this to production. He has built failure from a situation where it should have been almost impossible.

Surely if there is one thing that we should all have learnt by now it is that we can hold no faith in anything MC says or does. If any of the MC cheerleaders disagree with that then look back at his track record and where we are now. He has made lots of poor decisions, was always out of his depth and has never intended taking this to production. He has played a 12 year game of poker, bluffing all along and sadly doing it very badly. All long-term holders should brace themselves for a good seeing to. Please don't say that he has put 12 years and xyz into this, he has been working in a job, as we all do, and he has been VERY handsomely rewarded for his poor efforts. He will now be looking for a deal which benefits him and Mellon, we are now incidental.

Thanks for sharing Tray

"Field of dreams"

I used to work in child protection for our local social services, as a result of which I went into the homes of many benefit recipients. Invariably they had a TV the size of a cinema screen, Sky or similar, smart phones, cars and were usually smokers. I can only speak of my own experience in Britain and that experience indicates that non-workers are well provided for in this country. I have found that low to middling paid workers are the real poor in this country, because they make the effort to work then they are often ineligible for financial assistance. Hence people may be disincentivised to work. People have said to me such things as "if I work I will only be £40 a week better off, I aren't working for £40" . Rather missing the point that one is meant to take responsibility for oneself and family not live off other people's resources.

At these bargain basement sale prices it would simply be rude not to have a nibble. Picked up another 200k, cheap as chips.
More and more I realise that management is 95% of this game. Great assets, great grades, fantastic prospects and opportunities mean absolutely zero if management is lazy/dishonest/incompetent etc. We have top notch driven management who's interests are aligned with ours and who keep up well informed. AIM is a hunting ground for thieves and conmen, PJ stands head and shoulders above most of the AIM management pygmies. I've learned this the hard way over rather too many years.

As PJ says in RNS

"The gold mineralisation identified to date is near surface, significantly de-risking any mining proposition. And the Project is centred on the former working gold mine, Cherished Hope, with gold fines dumps available for processing at a local processing site, potentially generating revenue for further exploration and development of the Project."

i take that to mean that further exploration is now justified and subject to permitting and commercial agreement that exploration could be funded through toll milling of spoil heaps.

As he says it is significantly de-risked and suggest a wsy to fund it without further dilution.

It does make you wonder what their next totally inept value destroying move will be. I'm not sure that I've ever held shares in such a self destructive company before. If it wasn't for the nsr I would have dumped these long ago. I'll be hanging on for that but I'm far from convinced that the board won't co(k that up in some way. We shall see but in the meantime the cash will be very handy for salaries and jollies.

Excellent interview, he couldn't make it any clearer as to why he will work like crazy to increase the share price and how his interests are aligned with ours. I'm a real fan of his straight talking style and how he cuts through the cr@p

Cheers John

Can anyone remember the payment date for the final instalment of the dividend ? I can't seem to find it anywhere.

Reading between the lines of how Paul answered the NDA questions I would be inclined to hazard a guess that NDA(s) have been signed.

I think that we are in for a few very exciting and hopefully profitable months.

Apologies for being lazy but does anyone know off the top of their head what the approximate value of our Australian % is?

Our market cap is only about £4 million so our Canadian assets must have a risible value given to them.

John, I think that maybe the dismal share price is simply a reflection of people's diminishing confidence in the BOD.

My own belief in this company and its management is like dry sand running away between my fingers. I will wait for the final instalment of the "special dividend" and then decide what to do. If things continue as they are then the only inducement I can think of to make me stay would be an on going dividend policy. When they split the "special" dividend into three instalments it did occur to me that they could be trying it for size to see how it fits but doing it in a way that curtails longer term expectations. That way they avoid being punished if they decide not to maintain it.

I also think that KS is now on a path of self enrichment and smug self engrandisement, so being a large shareholder, he may like the idea of an on going dividend.

I do wonder if your grumpiness is rubbing off on me?

Been there and done that several times wiltshireman. Oh the bitter sweet of investing.

You read my mind Joe, that is exactly what I have been thinking regarding KS. I'm also hanging on for the next pay out and for info regarding an on-going dividend policy or not, then I shall decide what to do.

Paul, we don't need that much detail regarding your sexual activities on Portland.

Thanks for sharing that Troajan. Perhaps it is now time to start being cautiously optimistic. A lot could happen in the next 6 months.

Not sure that's 3 words to be fair

I have always found Atkinson's to be very good on both price and service. I have recommend them to a lot of my friends and they have also had positive experiences.

If you don't hold it in your hand then when this ship goes down you'll find that you don't actually own it. If I remember correctly it was HSBC who were given a substantial fine for selling gold to clients and charging an annual storage fee. It turned out that there was no gold, they simply took clients money as payment for gold and milked them of fees for storing ...............nothing! Banking is simply a huge organised crime syndicate. Be your own banker.

"The great reset" is simply the rebranding of the death of the petrodollar as the global reserve currency. This will be financially devastating for most people, particularly in the West. Gold is insurance.

Can the last one to leave please turn off the lights?