Member Info for x111josh

Anyone looking for a shot term investment should probably go elsewhere!

I agree with you that in the short-term it looks as though the broker deal means more investment, but if you were invested here and didn't already see that as a likely avenue I would suggest you do some more research.

Long-term Shore Capital will helps Amigo access institutional investors, which in turn may fund a drill programme serious enough to generate a JORC and keep up momentum, which is exactly what is needed. Or they could help facilitate an RTO. Both would be positive steps.

Thanks, Ricky, best of luck!

Block out the noise (my chat timeline is more green than anything these days after blocking the jokers and time wasters) and sit tight.

I agree with you, Ricky. Everything that's been done so far has been done to the letter and with purpose. CR doesn't want or care if this share at 25p by next month, he's building something long-term. I have faith so far but don't know a great deal about the guy, would be interested to know what/where you'd suggest in terms of "having a proper look into CR" - always looking to increase my knowledge in the company and its people when I'm invested.

How do you block block someone on here... asking for a friend :D

Call it what you want, reluctance, stubbornness... stupidity :D But I've been here too long and am in too deep to simply sell and walk away. It has caused me some real headaches over the years and like you, HappyDonkey, I've taken a back seat and will let things play out from afar. If my next to nothing becomes nothing, so be it... but I'd be more upset down the line if it becomes something and I didn't ride it out!

So there are 570m shares in issue and the new capital raise delivered by Craig Ransley will create 500m more, plus the 62m suggested from existing shareholders basically means the number in existence will double, and current shareholders will be diluted by 50% if I'm understanding correctly, should they no subscribe to the raise.

Still, having pretty much lost all hope of this share ever returning anything at least this means there is a potential future for the business, whatever that may look like.

added more over the last week and that video has only increased my positive view of this. Hopefully we'll get past the court without issues, creditors will get a very reasonable amount of redress they are owed and the FCA won't intervene. Good job by the ICC, very pleased with that whole process.

I topped up on open this morning. Happy to wait it out as I'm in this for the long haul and have been for well over a year but hoping for some positive news soon in the New Year.

Thanks for sharing your story, Simon. I'm not sure what people's problem is on here but it seems all too easy to shout and abuse someone who isn't on exactly the same wave length.

I for one really enjoy hearing from both sides (clear rampers and de-rampers excluded), it levels out the arguments and actually creates decent discussion, sometimes.

Sorry to hear about your past troubles and I am inclined to agree with you. I'm a long term holder who believes that the offer on the table (SOA) is a fair outcome for all parties. Take out the people who, unlike yourself, are claiming under false pretences, or simply 'chancing it for a payday' and I think the genuine claimants would see a fair settlement.

If your story is true I hope you get some sort of compensation and are able to get your life back on track. Ignore the idiots spouting abuse, and good luck in the future - Josh.

Sorry if this has already been answered or is a very basic question, but how will the court verdict be communicated?
Will it be in the form of another live feed like the hearing, and will people be allowed to watch, or will Mr Justice Miles simply distribute some sort of summary document?

Still interested to know what the off book volumes (~40m) were all about last Wednesday, none of the RNS have shed any light so far.

It's called balanced view and an interesting discussion, not every little thing is about ramping or de-ramping.

Ignore the haters LI, I for one am happy to engage in a conversation which has more depth than "£1 by next week" or "Bust and into administration".

My personal view is that the minimal risk here is worth it, and I've actually increased my holding today, but I totally understand the other side of the coin.

had a better look and it has to be a block trade, there's no way that volume could be matched off book otherwise. Also someone pointed out that the bid was actually 26.9, well above the ask/market close.

The only question for me is who is offloading, and who stocking up - there may have been a large seller, but there was an equally happy buyer!

The circa 42m shares (£11.3m) has to have been block traded off-book surely, any theories as to where or by who?

The RNS would indicate MIC are the most likely culprit, but it doesn't worry me - where there's a seller there's a buyer!

any indication as to which way the trade is going?

It's been one heck of a day but I've increased my holding here further in the dip. As always, hindsight is a wonderful thing and I wish I could have sold yesterday and bought back in, but that's life!

Too many people jumping ship this morning, but I fully believe that will level out and we'll get back on track shortly. Don't forget he SP was at 14 here no less than a month ago, huge strides have been made, the real LTHs and IIs know this.

Good luck all.

Seen various social media posts about the potential of Bybrook is using JPM as Prime Brokerage and provider of Swap.
Saying that in essence JPM have no real interest here at all and are only buying on behalf of Bybrook, who if true now own over 16%.

Mere coincidence that that seem to be buying around/on the same days?

Any thoughts on this suspicion from those with a bit more knowledge on the subject than myself?
Would it be good or bad if true?

SR - I'm forgetting that part! The scheme should breeze through the vote then.... fingers crossed of course.

From these numbers if everyone votes as you'd expect them to, the scheme *should* pass 79/21 (%)

Beevorma, I've seen it mentioned a few times on various websites, the one I found my way to quickest after a quick search was actually debtcamel, who say the following:

"Amigo thinks claims by 150,000 current borrowers will result in balance reductions of c.£85m (I think that may be an underestimate but let us assume it is correct);
But there is only £15m (with the promise of perhaps some extra in later years) for the 700,000 previous borrowers and guarantors."