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Trader Dan
54 million shares were traded today. Somebody saw opportunity in every one of those shares.
Looking like another AIM calamity with director dishonesty and incompetence at the heart of the problem.
Mahenge going nowhere fast, silver mine 18 months from production (with a fair wind) and no cash to play with.
The company may have to sell their 250k of investments if they seriously think they can get the silver mine up and running.
Complete mess.
Maybe i am bitter and twisted at how i’ve been done up like a Kipper
It seems Dan and I aren't too concerned. So we continue to buy.
Leathal and Amtech act as though they knew this would happen, yet they never once took the opportunity to sell shares.
What use is wisdom when it brings not profit to the wise.
I trust my investment thesis. The day I don't, is the day I sell.
But others seem to hold onto shares they no longer believe in, which I simply cannot fathom why.
It’s not a shambles it’s all part of the plan set 559 plus days ago.
Mate whats reading got to do with the fact a company are about to go bust? How does any reading account for that?
Of course im grateful of you offering up books to read charts etc but thats got nothing to do with the situation we are in right now with this shambles
makes no sense to me somebody who thinks his/her investment is ****ed yet carries on holding.
its not about being paranoid its about admiting defeat when its done rather than consistently defending something thats cleary ****ed
makes no sense to me this is why i cant help think there is some kind of hidden agenda
I read every day. How often do you read? I mean, we've offered you advice and guidance, we've recommended good books, we've even given you pdf's, have you read any of it? No, you just throw it back in our face.
Ok Dan its nonsense. Go and read some books you know best , i mean so far you ve been like mystic meg with you’re predictions
1. You are in no position to be calling anyone clueless.
2. You're paranoid. How many times have people shown you their investments and trade history to prove to you that they are not trading Armadale, just to ease your emotions and make you feel better?
Highest volume day because its turned into another AIM dog Dan - Makes absolutely no sense and I've never read in any book on investing or trading anyone state that high volume days are because the stock is a dog.
You're simply talking nonsense .
Clueless!! Or a hidden agenda can only be either of those for you to defend this shower
Leathal, I'm presuming you took the loss and sold your shares today?
If not then please don't be telling me, or anyone else for that matter, to 'wake up'.
Highest volume day because its turned into another AIM dog Dan
Watch the dregs flock to the board now we are at this pathetic level
Dan wake up mate ffs ..! Surely you arn’t that guilable
As i satated also how do you expect them to progress with no cash? Look forward to hearing you’re response
Highest volume day on record. large volume days can mark stock market bottoms. Perhaps today is that day.
Look at the sp Dan, do you think MB is worth a £30k wage rise last year followed by another £10k this year on that performance. Oh don’t tell me it’s the market, it’s because of BKT, it’s because it’s been a tough year, it’s because of China, it’s because it’s Africa. This could imminently fail.
You talk about wages as if they're not one of the lowest on AIM. It was the use of the word imminent, now it's wages.
‘How do you think we intent on moving forward with no funds?’
Probably come cap in hand to retail investors next, (ignored them for years) if they can’t get their wages out of them they’ll head for a bit of death spiral finance.
They keep talking about reducing dilution so maybe there’s a chance of funding at asset level rather than placing again…
Yes - still there and will remain on b/s, but given zero value now in the accounts when prev given a fair value of c£5.4m. Required under GAAP. As it stands the project is effectively worthless through an accounting lens.
Yes, you are right. those assets may never exist. maybe they just made up those assets at the beginning. I was just so shocked about the mass loss after read
My understanding is that it hasn’t “disappeared”, Mahenge just needs funding and until then they have removed it from their balance sheet. Can anyone confirm if this is correct? Views welcome.