I feel for all shareholders who are down, me included and think that one of the reasons we had a name change was to hide all the negative reviews on the board.
Anyone buying now will not see just how badly PI's have been kept in the dark by lack of news, change of brokers, appontment of new members to the board and the like. I am only £25k down which is not a lot compared to some holders,but, I was £10k up at one time and believed all the hype from the board about Kremnica so I held. I also averaged down, which is really a useless excercise when the money could have been put into something that actually increased in value. My average is 48p which I doubt we will ever see. I think this seems to be the same with all AIM stocks, you get a bit of news to draw you in and sucker you later with the real news. (Like having a JORC resource that was actually incorrect)
If they were employed by me that would have been sacked long ago but it seems they can just get away with this daylight robbery.
Rant over for this year, it will probably be the same next year
I did say last post, but I hate to be misquoted.
Nowhere in my post did I hope for luck
Now Im sure youre only persisting because youre Seeking the ignominy of being the last to post on this board.
Last comment on this one, honestly !
Theyve not had much luck with the name of Ortac, particularly with their Eastern European debacle over the years. Change of name, change of direction, change of focus, new beginning, new fortunes.
Hope youve followed your own advice, hp, and then perhaps youll take your interests elsewhere.
Cant blame you for not looking in for a while but you could start by looking at other posts and/or clicking on the news tab.
To start you off, pb, have a look under ARCM and then get on to Barclays and ask them to ensure the new ticker is included in your portfolio.
Good luck, TP
Anybody who has time to spend changing the name of a company has got far too much time on their hands. This is not British Petroleum we are talking about but some tiny irrelevant company; do you really believe anybody cares what the name and logo is? It's the wrong thing to be spending your time doing, but I understand why; its certainly far easier than creating real value for the shareholders, it makes you look like you are doing something and looks good at board meetings. It's also a very good way to spend other peoples money and who doesn't like doing that.
Keep taking em, HP. The name change could be viewed as unnecessary but you can hardly say the Board have been doing nothing. On the contrary, theyve been quite busy recently
, including publishing some excellent drilling results from CASA. I would say things are looking better than they have for years.
Drilling stepped up with new rig and some very healthy drill results 24 gt is not to be sniffed at.
Is it just me that thinks they should start to realise some of these assets by mining the gold and getting a revenue stream going?
TP - why do you think 100% ownership of CASA is new? I thought they had already said that was expected? For me the fact that VC is off the Board is new. It was announced that he was COO but I didn't spot he had left the Board. I have said before Kryso only flew after he left . I have never been a fan. Also no more mention of the processing plant at Zamsort only more exploration? Also talks still on-going regarding Kremnica but no signs of progress. Again I have said before that a good deal releasing cash here is the key to forward movement on CASA. Still looks better than a year ago though!
I get the impression that the sp is still being held back and wonder if the current unstable political situation in DRC is making people nervous.
Otherwise progress on the acquisition of Casa is going well.
Does anyone know what PREMs position is? They have a stake in Casa but are they going to sell ?
Agree partner for Krem with deep pockets would be most welcome.
There seems to be a bit of strength to the share price at the moment and hopefully it will keep moving up but the news I want to hear is the sale of a majority interest in Kremnica to a company capable of taking it forward. That will raise the cash to proceed with Casa and provide a potential income. For me that will be the game changer.
Be interesting also to get some news about Zamsort as that was identified as the other priority.
News today that OTC are now holding 70% of Casa. Plans to offer same terms to remaining 30% minority holders, open for 6 months.
100000000 new shares issued (100m)
I guess that they now need to get digging so the revenue flow can start. :-)))
Good to see you in good spirits Fatzone, despite the current sp. perhaps OTC could become CAZAM !!
This would give a feeling that something big is happening imminently, or in fact, has happened.
Happy to see others......??
sorry for your "paper"losses,but it believe it will come back .NVS is structured and organised and we will see his efforts having effect soon.
Perhaps Fulmar Resources as a new name ,just for my optimism.lol
Any suggestions, apparently we are going to be renamed in the next few months.
Keep it clean I bet we have all got some suggestions after what we have been through in the last few years.
Personally I am glad to see a new board & at least Nick has a business acumen & already is communicating & pushing things forward,more news to come by the end of the month so exciting times at last,Perhapes I can start to make up the £262k I am down as my average is 13.8p I have a long way to go.
My suggestion Fatszones , sorry its a work in progress.
I think the keys news to move this will be the disposal of a majority interest in Kremnica to some one who is going to move that on immediately. That will generate the cash to advance CASA and if a minority stake is retained will generate revenue. We also need to hear what is going on at Zamsort. The processing plant was supposed to be up and running quite some time ago and again that would generate revenue. Alright investing more in CASA but it is jam tomorrow not bread and butter today. Still rate this a buy though pending more news.
Without any opportunity for shareholders to take part.
Still on the + side the directors have put their hands In their pockets.
And whats going on with Anthony Balme ? Steps down as a director but stumps up for even more shares.
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