Angel Mining Share Discussion Threads

[jaf1948] 19/2/2013 16:32

12bn, I said 'some of us would have got out earlier' - I didn't say I would sell.

[12bn] 19/2/2013 16:30

JAF,once the share price dropped to a certain level then wild horses wouldn't have got you to sell.You read the RNSs that pointed to suspension and dilution but prefered to hang on regardless.

[dontshootthemessenger] 19/2/2013 16:26

If you guys are interested in possible short targets take a look at COOL

they seem to be getting into bed with the likes of Socius and Dutchess ?

[jaf1948] 19/2/2013 16:21

AuDigger, I completely agree with you about the communications - they were and are very poor and certainly were of little use to investors. However the point I was trying to make (obviously not very well !) is that the company would still be in the same state as it is whoever had been running it - with a different BoD I accept we may well have been better informed and maybe some of us would have got out earlier, but for the company itself, the bottom line would have been the same IMHO.

[12bn] 19/2/2013 15:33

5 posts here by me since the 12th Feb,nearly one a day,that is enough to p!ss anybody off ljsquash,I do apologise for forcing you to read them (infact 6 now,I am so prolific). Do have a nice day,oh and get a life.

[ljsquash] 19/2/2013 13:43

12bn 54 posts since you opened your account on the 8th Feb 2013 - Bye!

[12bn] 19/2/2013 13:34

I am not a holder here so my comments are my genuine belief.I don't think ANGM are finished but I do expect ANGM to have to accept a harsh deal from Cyrus and I will be the first to warn everyone not to get carried away with ANGM optimistic comments on the future,which could include mention of a deal with Nuna to exploit the other side of the Nalunaq mountain.

[12bn] 19/2/2013 13:28

Running out of oil,no basic spares,messing up on deadlines for loans and other incompetences management have done but for Cyrus ANGM are the only game in town.Cyrus will get 75% of BAM and will probably push ANGM into a fund raising at say 0.2p/0.3p to fund the running costs of Nalunaq but atleast that way Cyrus have some chance of getting repaid out of gold sales.(They already get 6% of gold sales profits remember).

[jaf1948] 19/2/2013 13:17

AuDigger,

Despite being someone who has lost a large amount of money on ANGM, I find comments like yours very hard to take. If you had been CEO of ANGM over the past 2 years, how would have handled the generator breaking, the ball mill breaking, the fuel not turning up when you had no spare cash even to pay existing creditors let alone cash to keep spares or extra fuel.

It is all very well making glib comments but whoever ran the company would have had the same problems. I blame the BoD for issuing over-optimistic predictions, but that has nothing to do with the day-to-day running of the company.

[audigger] 19/2/2013 08:52

But ANGM couldn't run a bath so Cyrus could get someone else to mine Nalunaq and BAM

[12bn] 19/2/2013 08:06

4marlin yes,but he did change his mind near the end,like I did.Audigger,ANGM owe Cyrus $30m and have a gold mine,so Cyrus's only chance of getting that back is through ANGM mining Nalunaq (and a chunk from acquiring BAM).They will want ANGM to be able to pay their own running costs though,so I expect a massive dilution as part of the deal.

[audigger] 19/2/2013 08:03

LOL Sleveen, that's exactly where I was coming from! Classic! Surely we must get an RNS this week.....

[sleveen] 18/2/2013 21:09

Some of these phrases may be more illustrative...

[audigger] 18/2/2013 15:51

Why keep ANGM in the frame given the strong track record of incompetence? I think they are finshed, gone, deceased!

[ernest hemmingway] 18/2/2013 11:45

Yes.

And another gb234/12bn embarrassment.

[4marlin] 18/2/2013 10:19

was this another TW tip at one time?

[12bn] 18/2/2013 10:02

I don't think it is all over yet.I still think Cyrus runs this show and will grab 75% of Arctic Mining,BAM,but they will want ANGM to dilute shareholders and help run their 25% of BAM.I still think a placing at 0.2p/0.3p is a likely part of a Cyrus deal.Cyrus will let ANGM off with a proportion of debt but maybe only $10-$15m in return for 75% of BAM imo.

[layer cake] 18/2/2013 09:51

And soon you want get to see
diddly squat thanks to the promises
of an accountant that quickly realised
that running a mine was not easy
& rather than step down and lose
face, fabricated lie after lie ending
up in a bubble of delusion that only
he believed in and lost us all our money.

All we have to do now is simply
deal with how we feel about our
loss.

[mds2028] 17/2/2013 10:34

shame the RNS will be this week, this is the best chart we have seen in over a year!

[audigger] 14/2/2013 20:51

RNS tomorrow? To be posted shortly after asteroid near miss!

[cockney sparrow] 14/2/2013 14:34

gb234 changes his name but not his mentality.

[goooba769] 14/2/2013 14:32

12b/gb most of your arguments don't make any sense have a rethink.

[ernest hemmingway] 14/2/2013 10:05

You mean it sounds way too much ?

I thought with the house, car and fishing rod, it may add upto 100k, but I am prepared to accept I'm way too high.

[jaf1948] 14/2/2013 09:54

Ernest,
12bn is 12,000,000,000. If you take away 11,999,900,000 you still are left with a hundred thousand pounds. I don't think that's what you really meant.