IntelliAM aiming for significant growth with £5 million Aquis IPO. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cheers Amtech for your feedback, most appreciated.
Leathal, found this in some old notes from way back
Passive investments
JSE listed Matengu Mining JSE (MRI relisted) 228m shares
Re-valued @ £105k
AIM/ASX listed Subscribed for 1.6m Celsius resources Ltd shares total cost £125k
CSE listed Bought 2m Forum Energy Metal Corp shares in 2019 for £59k sold 529,500 in 2021 and 550k sold in 2022
Graphite Advancements PTY Ltd bought 4.5m of Lindian Resources Ltd £411k in cash supplied from ACP.
Oh and they fully impaired Mpokoto before flogging it for next to nothing with a royalty on production which probably only covers the royalty/shares ACP have to pay to those who they bought it off.
Oh Troajan
I think ORR still may have a chance for Kutzz atleast that has chance to recover from the 1.5p highs
However here i think the SP speaks for itslef from a high of 6p down to the depths of 0.30 , say no more
Troaj yes mate i got stung on those to still i didnt learn after losing my shirt here also, i felt this one would be different must admit with MB having skin in the game , guess that doesn’t really stand for much if hes pulling his stake out in a yrs salary, some would call it punt money to him
Well im sat here 80% down so no reason to sell for a few pence, may aswell live and hope the twitter pump crew give it a go that way i may get an exit
Thanks again Troaj
Lethal
i can remember your thoughts,back on orr,back then,similar to kutzz,whose still over there.(and rmm)
it's more lack of research,on the fundamental and chart wise,people dont realise how problematic the process's are,but like me and you,we learned the hard way.
anyway,thats why i mainly stick to exploration comps,very simple,buy after a placing,hopefully on a low and on or around,when drilling news,is due(what could go wrong.lol.)
here's another one,ran out of cash and the bod,also take a chunk.
https://www.proactiveinvestors.co.uk/companies/news/1051022/harvest-minerals-tumbles-45-on-big-equity-issue-1051022.html
Hi Troaj old pal
Yes thats the problem iv put trust into others without playing the game myself mate
I said if i had my time again from 2019 when i first got into this game i would sell evthing on any kind of rise because literally every stock on AIM other than the infamous GGP rarely holds any type of gain
Oh well it was good whilst it lasted , i have to admit to myself this game just isnt for me mate , id consider myself as one of the good guys and this game is just full of snakes
Cheers
Lethal
on aimers,you have to think like a trader,to make any money,even that doesnt work out.
going long term,rarely goes to plan.(running out of funds,being the main culprit)
to many have hidden agenda’s i know that much this has been a massive learning curve for me morw than any book will ever offer!
people have literally shame, they are all out for themselves especially in this game i cant believe how many are just out to **** each other over, what has happened to the good people in this world!
Don't make me laugh. And you are in no position to be calling anybody a ramper.
Dan is a clueless ramper. He's probably sh*t his pants on that RNS and secretly planning an exit. One final ramp.
Trader Dan, any idea as to why MB wont purchase shares on the open market?
Give him a minute or two, he’s just getting some feedback from a book.
Trader Dan
Any feedback most welcome DanInvestor said, why don’t you post some?
That is what the likes of Armtech and Leathal are saying, yes. But just ask them why do the still hold their shares!
SO are you lot saying Armadale Capital is Done, Finished, Kaput, Run-over, Dead ??????
As no one else seems to want to add their feed back and have probably switched off from this shower.
1, When they publish after hours on the last day of the regulation timeframe for publication you know it’s going to be bad news.
2, That doesn’t look like a priority to them as per RNS the priority is and has been project funding, with those talks having been in an advanced stage for a longer period.
3, He’s not capable of doing any interviews or he would have in the past.
4, I would like to know how that much can be spent on admin when nothing has been done. As for directors fees of £2k per week that’s apparently ok as he’s paid less than his peers.
5, They’ve only paid $150k with $350k to find for option 1 to earn 25% by 31/12/24 with another $1m for phase 2 for 43.8% of the project, then another $280k to find to earn 50.8% of the binding heads of terms agreement. Although from the 14/5/24 they stated 60 days for phase 1(commence opening no2/3 adit) so they’re in front with that.Phase 2 up to 6 months (tunnel 3,hoist,tracks).Final phase 18 months (scoping study, recommence ops). As we know knowing goes to plan so it’s a minimum of 18m before any revenue. Unless they pick rocks by hand as they go along.
6, Can’t see that happening.
Problem is DanInvestor MB won’t do anything, he’s an AK wannabe.
Yep, a very depressing day and note that the accounts have been prepared on the going concern basis, but with caveats. I pose the question - so what can ACP do to improve investor confidence and the SP?
My personal thoughts in no particular order are;
1. Don't publish an RNS at 17.07 on a Friday night after the market is closed. In my book that shows poor form and a disrespect to Shareholders. Would suggest the market as reacted accordingly.
2. Get the Government participation agreement for the Mahenge project finalised and signed off. It must be over two years? and this would demonstrate progress. If there is an issue - shareholders need to know!
3. MB needs to do some interviews - yep could be very uncomfortable for him with many awkward questions, but there is a "vacuum" out there and honestly can the situation get any worse? (Probably)
4. The cash position, let's face it, is not great. Belt's need to be tightened, especially administrative costs and Directors fees.
5. The Silver mine project needs to generate positive cashflow as soon as possible. I can understand the logic of the project, but with prior history in mind, hesitate if this will be achieved in a timely fashion.
6. Director buys on the open market. I accept, this does not improve the cash position but would suggest confidence of the directors going forward.
Any feedback most welcome. Just personal thoughts
Dan, where are acp going to get the funds from? The last mates placing hasn’t even got the amount they wanted and this is after 3 years since the last one as they stated in the results. Are the missing funds legally binding as they wouldn’t want to sling it in now would they. That road looks to have come to a dead end now.
Leathal, you should have bought EVNI and RAMP.
You probably also shouldn't have sold any of your EST.
Don't blame ACP for your wider portfolio performance.
Exactly Dee. Unusually high volume can signal market turning points. Basically, all those stale bulls upset with the performance sell their shares and then no-one else left to sell.
'The volume represents panic selling and desperation on the part of the sellers to get clear of a falling market'
Stale bulls lol iv heard it all now :)
Aside from AmTech and Leathal, how many are left?
Today looked to be a huge de-risking day for many who opted to hold for a spike etc, finally packing in the towel.
The more stale bulls that leave, the better.
Is anybody really going to listen to the positive posts in here from a select few posters when this has fallen from 6p to 0.35p
I wish i could think of one positive here but we all know its a matter of time before we join the que with HZM, RMM , GRL etc
Oh well, thanks for the memories its been emotional