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It was actually £250,000
They raised £200,000 from warrants conversion recently.
Just needs to get a joint venture partner on board
Must be the cash position and need to raise funds?
Now 0.72p
Showing down 14% today with 7% spread .
The fall has continued .
AIM is just a place to lose money .
UK General election tomorrow .
Down @£50k would not touch this with a barge pole last raise was 2p ,run out of gullible people now. God knows what he will do now
You've added a small amount? Good. Mrs P needs a bit more spending money on her cruise.
A fool and his money......
PS. I'm not "crying". I'm bloody furious Poulden's taking us small PI's for fools. You more than most, it seems...
I have actually added a small amount!
Chart not defending it at all just not crying about it bud like some!
I’m not defending it
It’s ridiculous
I’m 40% down myself
Aren’t there assets worth more than the market cap at the moment ?
I'm down 77%. It's dropped another 12% this morning.
Nothing happening because Poulden's got a "bad back".
Name me just ONE other company you know of, where all work completely stops because the boss has got a hurty back?
There's been NOTHING reported for over 4 months. Why? Because this one man band is on the sick. I'm sure he'll still get his salary and obscene expenses.
Come on No1Poulden, CaptainCodPiece & 1day, maybe.......
Let's see you defend this 5hit show?
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..