I think my previous post must have been a pipe-dream as I was contemplating the punt myself to recover the loss from a prior foray into this company. I 'lost' £500, albeit the shares remain unsold, but still have the shares in my portfolio as a reminder. I've since made the better decision to play with EUA as my speculative punt (3 buys and sells) and this has proven to be a lot of fun and rewarding and am looking to buy them again. GWMO still exists but offers not a lot of hope in terms of action/recovery in comparison with a lot of other plays. Today I'm actually going to Westfield in Stratford to buy a new Apple laptop for my youngest son so I am at least consistent on that score.
I suggest that anyone who has invested in this company has made the unfortunate decision to buy a stake in one of the very worst companies listed on the UK Stock Market. With so many other companies to have a punt on, you have to be pretty uniquely cursed to have ever come across this useless excuse of a company. Still a punt is indeed just a punt, a few quid lost here is just a bad bet and no big damage done to most investors. Recovery is just a fanciful thought at this stage and the sooner the company is wound-up the better to prevent any further suffering. Good speculative listed mining companies are available but this is not one of them. Save your hard earned and buy your loved ones a grand xmas gift instead.
Why wouldn't Webley offer a premium at say .17p to gain control at this point? Seems a realistic move? If things turn good, he will then be in a great position to pare his losses from 1.50p
I shall be buying today with significant funds available in separate tranches. This will average the ebb and flow of the price tics. Good luck to all holders. The best is yet to come here and goodbye to the pathetic posters who should seek help for their afflictions.
The share price has been decimated and its now at rock bottom in all probability. So, who has the highest average here, probably the institutions, but what about PI's? Special prize for the person admitting?
I have a number of well-off clients with Metro Bank accounts and their relationships with their account mangers is very good. This is the big carrot here I believe. Shame about the rugby result. Was going to be at the parade but that's off now I guess.
Re. large buys made at 2. something1 Nov 2019 19:49
Not sure how these were made by knowledgeable investors. I bought at .9 last week and I'm not at all knowledgeable. Must admit to selling them all at 3.8 though, glad I'm not a knowledgeable investor to be honest.
This company has one private investor with a 10% interest which is now reduced to crumbs. In this fairly unusual scenario expect the unusual. Therefore, maybe a bid for the remaining 90% is possible now, given the capex is currently v. modest. I believe the investor is well financed from previous commercial dealings so it might be to their benefit at this point. 0.2p per share should do it.
Wouldn't surprise me if the drug dealers in Ilford are using RC planes to distribute their powders to the high rise dwellers in the locality. I hope you are living in a better place. Chigwell is still good.