Member Info for woodfromthetrees

Dont touch with a bargepole. simples

The partnership process was the big ticket item here and the main man has over promised and under delivered in the most spectacular fashion. I can see why this SP as at yearly lows despite tin price being near yearly highs.

Disgrace.

Hardly! theres a wall of £8m of stock sat on immediate 20% profit to get through... as soon as the volume from the overly keen buyers dries up this will go sub placing.

Volumes dying down, when the 2p stock gets issued the inevitable happens.

HUGE risks attached here still, people payiing 20% premium will be kicking themselves

Clearly they've struggled with the partnership process and this rehash is an attempt to make it more appealing for JVs. 2025 perhaps will he the year

The partnership process started from scratch again. 12months+ there.

Elsewhere theyve covered up in the wording that theyve fed significantly lower head grade ore or their metallurgical recovery dropped significantly.

"Cash requirements over this period have been projected in the range of a £2m minimum....to £9m maximum"

That doesnt look good does it... £2m raise needed minimum to keep this companies lights on the next 12months. You can bet your bottom dollar that that size vs Mcap would be at a disgusting discount. Looking at the book today wouldnt surprise me if the bucket was already being passed around. Those buying this here seem to have a death wish

Read the results it's written in black and white "As at the date of this report, the Directors are considering a variety of funding options from numerous parties to consider the option best suited to balancing the immediate cash flow needs"

The "company" has 0 cash in bank and 0 assets. The valuation is based upon an idea which doesn't even have the licence required to execute said idea!

Look at the salaries, £1.5m in expenses. This looks like a director gravy train

What info? Im asking the question!

Doesnt look at all likely does it? A company with 0 assets on balance sheet and 0 cash... all they have to back up this valuation is an idea.

Very sneaky how the company tried to covertly release results after trading hours yesterday.

"In January and February 2024 the Segilola mine production was lower than expected as a result of lower recoveries from the processing plant which has been subject to implementation of final plant upgrades"

Becoming a frustrating hold.. delivery seemingly being kicked down the road yet again

Hope TW isnt right with his assumption. Anyone got access to the article?

Penny dropped

https://*************.com/views/73713/bsf-enterprises-time-for-a-statement-re-bailout-fundraise

gulp

Only once he's finished selling. Thats the loophole.. so he could go to 0% before declaring.

Thoughts on if the bucket is being passed about at the moment?

Only once he's finished.

Placing shares havent even hit the market yet... so when they do id expect people will flip for a loss just for the warrant.

Why is noone here on this BB addressing my point? ARCM need cash, look at the never ending 500k sells and 5m sell... this isnt normal price action... hello?

The chunky sells here tell a very obvious story... given this company need cash imminently its surely a case that the bucket is being passed around the brokers as we speak?

This is probably the worst market ive ever seen to be raising cash in to so god help them on the price. Absolute best case I can see is 1.6p with a warrant