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Alecto Energy Share Discussion Threads
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|Only a matter of time before this dog is dead. Shareholders will get nothing.|
|I thought this dawg was long dead but seeminghly not. For those whose lively hood depends on thisvmine I sincerely trust this will happen although looking at the managerial direction I doubt it. Meanwhile Residents’ long held optimism was boasted when it was announced that a South African firm, Pen Min Holdings had bought the Mine for P89 million. This company Pen Min is a bit complex tomsat the least, they acquired the Mine through its locally registered enterprise Leboam Holdings, which is wholly owned by Cradle Arch Investments. Dan has never been a dan of complex cooporate structures as there are too many places to duck and dive into if things go wrong and inevitably its the shareholder who usually ends up with a sharpe stick in the eye
Anyway to continue mowana is expected to resume full operations next month and there are some workers who have started work in preparation for resumption of production.
I dont know but the whole thing just does not sit right with Dan. If they are that close to reopening why continue with this facade of a suspension.....just get on with the bloody thing its been on stop for way too long and the shareholders are nervously muttering in the ranks|
|I managed to pick up some feed back from the Conference call. Old Mark seemed to be getting a bit rattled, as if he felt he should not be there and this was one of the most unpleasant aspects of his job.
The company is in a real bad way for cash and might not be able to crawl out of the pit it was so keen to buy with other people's money.
Seems like more of promises, promises promises, but then what can I say as I fell for it too at one time.
So let's sum up the Conference Call, in a nutshell......
|Looks go me as if the sad state of the company has been revealed not too may shareholder jumping for joy this afternoon........well done Kimboy....?Now work your magic on your own dawgiem GDP. seems to have been hit down again today|
|Any news from the call?|
|Anyone joining the conference call tomorrow?|
|The more I look at these latest proposals the more it looks like magic box....the more you put in the less keeps coming out.
These directors must be laughing all the way to the bank|
|Hey Bot Merry Christmas just off for the festive festa with some friends.
Just for you to be sure it was not Dan who ruined the punters Christmas cheer it was this bum company. Look at the timing of this really dreadful RNS announcing at a time when the punters were hoping for news on Matala... Where is that now I ask?
I read somewhere that this new deal did not affect Matala so where is the promised and long overdue financing. Tell you what this company seems great at false promises and cash calls, although that said there seems to be plenty of suckers around to keep taking the bait.
Although I have not really gone into this latest comic offering, basically it looks like they need financing on Matala to get it going to get more financing for this latest project which need fiancing to show good books in order to get the original loans on Matala. Once Matala in order to burn up more cashis financed they will use that to secure further financing in order to boost the balance sheet to get more financing in order to burn up more cash. The corporate structure looks like a con, seem this many times before and the old saying of beware.....if the cooperate structure seem like an impenetrable fog then it's not a fog but a smoke screen for potential deception.
Given all the statements made ,this year that financing for Matala was almost in the bag, firstly as said above where is it, and secondly they said that they had a plan B...if this is it reject it or lose more.
Then look at the timing of this suspension hardly full of shareholder concern which they tell you suckers they are always considering is it. Not to mention no Christmas cheer for the pesantry but plenty for them.
I must abmit it was The Bot that got me thinking I had better look deeper here I did and got out, give the guy credit where it's due, as the poor slob was good when sticking his nose into this one but overlooked the problems at GDP which is heading back to 2p
Merry Christmas one and all including the Bot.|
|Often realists are labelled miserable old gits. I like the recognition seeing I would rather be miserable here than happy there lololololololo|
|What a complete miserable git rolling up here trying to ruin punter's christmas with a load of bile.
I was pretty dubious about the financing for Matala but would be far more optimistic for the Mowana deal. I reckon that the existing punters are getting 18% of a pretty big company, after financing.
Looks a good deal to me. Not without risks, but a decent upside.
Happy Christmas to everyone - yes even Daniel.|
|Lololololololololol execellent interview my arcse what else could he say.
His previous interviews were smoothies too. Meanwhile he ties your cash up for three months and over Christmas as well.....you dummies never learn.
Look at at the falseness speed out here over financing for Matala. Never mind though you suckers seem to love it. And I suppose you will love this even better when it gets relisted around .02.
Lolololololololol as they say merry xmas aolers lololololololoolol|
|Excellent interview with MJ:
|I sense another Ponzie type scam manifesting. A very complex corporate infrastrure rarely developes any thing positive more often or not a heap of sorrow and grief for those sucked in.|
|I did not want to use the word transformational and gamechanging will do just as well for me? But looks like good news but we will have to wait for 3 months to find out exact details. On the gold front will be interesting if recent claims that Sharia law will be changed to allow investment in GOLD.|
|The word "transformational" was used twice in the RNS!|
|Spazz - you have hit the nail on the head which is maybe why we have heard nothing on the other matters needing attention.This could be gamechanging.|
|Well I wasn't expecting that!
At this stage it's difficult to judge exactly what this could potentially mean for us but it does look very encouraging :-)
3 months to admission document during which time I would expect that we'll have the details of Matala, Kossanto East JV and other updates ... we could be looking at a very different Alecto Minerals when trading resumes.|
|Good news potentially and some breathing space, breaks the reliance on gold. As Kimboy says the overall cost remains to be seen, admission document by March which seems a long wait if they've been working on this for months. But not knocking it, a difficult situation was developing and the company is tackling it innovatively.|
|Well done guys, held this one a long while ago.|
|Off take loan for $20M. Resource has to be defined and substantial|
|These guys certainly don't lack ambition. As always the fortune of ALO shares will depend on the details of the financing rather than the merits of any mine.
Certainly interesting times for ALO shareholders. Best of luck to you all|
|oh dear is this true, no financing coming to date?
Man this is bad news for all those little punters and just before Xmas too
can someone please update me I hate rumours at best.|
|Just a quickie before the midday news.
Don't get suckered on yesterday's rise it's going to drop like a stone if news gets out they can't get the financing deal that they seek.
Have a great weekend lololololololo|