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I'm in at -47% . Meh!! Sit tight and hope for the best.
I can not even sell my shares with out it going to NT and I am 98% down.
Yeah, I know, I mistook it for 1st Jan 24, mea culpa! doh!! Late night & a hangover = confusion :(
It's not looking good.
You're looking at the balance of cash & equivalents as at 1 Jan 23 mate, the consolidated statement of financial position as at 31 Dec 23 states cash as 18k
I'm going back to bed :(
Forget my last. I'm talking horlicks, lol! Still recovering from a very late night.
Anyway, I've reported my own post for being misleading. Never thought I'd do that, lol :)
They actually had £18k in cash at the end of the year, and subsequent raises of £300k and £250k this year.
Based on the going concern in the directors report, not sure how they have enough cash to go without a fundraise over the next 12 months, especially given levels of capex and any planned exploration/drilling.
Fully expecting a raise over the next month or so.
They spent £1.27m in 2023.
They had £1.23m in cash as at 1st Jan 24 (after raising £1.8m in 2023).
He will fundraise by year end.
@ ChartaRex if you are right about enough money till December , he is sure to do a raise anytime soon
Sure anyone that bought in at the "p raise wont be suckered again people are getting wise
****show! how the hell is this going to "pan" out (excuse the pun)?! surely the price can't keep decreasing!
As has been said so often you only loose when you sell so I am hanging on until something of interest happens.
The lack of any proactive news and the chronic ability to ignore the shareholders shows a real lack of communications skill.
A bad back does not stop you communicating.
Perhaps a plausible theory could be advanced that the Board are simply biding their time when the Newmont Newcrest GGP fallout is complete and funds become available to go into the M&A cycle.
Good ground is hard to find and Red Setter is in a prime location for Copper and Gold. Everywhere around has found it so why not us.... but of course you have to drill it and find it so is it a good plan to just play at the game and await a bid from someone who ends up running the mining processing operation at Telfer. Just 10 k away?
Its well known that Telfer needs quality ore as well as the Havierion bonanza.
Loose change would do it and we would be far better off as a new toy for someone with the resources to prove up - or otherwise - the potential.
I still think this is an each way bet and at this latest price a very reasonable gamble unless you are a Widow or Orphan.
GLA GT1
1DAYMAYBE You do post some rubbish you have ramped this share with your mate iamrich (what happened to him did he go bust averaging down every time you claimed to ?)
Its to late to sell out now i recall you calling everyone idiots for selling at 18p.
This will only go down until next raise imo cause there is no chance of good news on horizon.
What is odds poulton buys lot for peanuts or it goes tits up
Face it we have been played for mugs the guy is totally clueless
All the fools that fell for jam tomorrow have dried up
I'm not crying either. I'm just pointing out the blindingly obvious to the unenlightened.
A loss is a loss only when you sell? I am down but not crying about it like some!
Oh yeah, forgot about you.
You come across as a very angry & frustrated person. With all the money you've made here, I'd have thought you'd be over the moon at the progress to date.
Methinks you're down very heavily here & can't bring yourself to admit this is a ponzi.
Go on, tell us how much you've lost - so far..
Chartarex didn’t you dyor before buying on here! If you had of done you wouldn’t be crying about the management fees
You’re such a p@ssy!!!
You talk alot of 💩 bud, Im gonna hold anyway, theres no point in selling at these prices and all the trades over the last onth or so have been tiny so theres alot of other holders too.
You never know what might happen, Australia is becoming more self sufficient
you sell up if you want chartarex im gonna stick around for a while
Welcome to the enlightened team Hopefullygold.
There's a few waifs & strays on the board that have still to see the light. No1plasterer is the torchbearer, now that CaptHaddockHead seems to have disappeared. Though I'm beginning to think that it might actually be No1Poulden.....
£300k+ for wages of which Mr Pouldon collected £200k.
Will definitely need a raise if only to pay for the wages.
As for exploration drilling …..dream on.
If there is gold in the ground this company ain’t going to find it.
Lifestyle company set up by Lenigas.
The list is long and undistinguished
You're right No1plasterer, this is a long play - and it's the shareholders that are getting played!
I've just had a quick scan through the most convoluted, complicated, smoke and mirrors, set of accounts I've ever seen for a sub £3m company - ever!
Guess what?
Yep, they have just enough money till December.
Poulden and all the other Directors are still collecting "consultancy fees" - on top of their salary.
When he gets his back sorted, this will fly
Typical AIM , just lining their pockets.
This is a long play
Only the confirmation of drilling
No1p,
"Pretty good results"
Are you having a farkin laugh? There was nothing, I repeat NOTHING of substance in there, just a bunch of waffle about last year and some Mayor nonsense of zero relevance!
It's a classic "holding pattern" RNS. Complete waste of paper.
WSBN hasn't moved an inch towards anything, except the next fundraise!