Arian Silver Share Discussion Threads

[highly geared] 12/2/2016 18:58

AGQ spent 5 years proving up 140 million oz San Jose, messed around with production, failed to get the plant into production and gave away 99% of the assets just weeks before the multi year turnaround in precious metals prices.

If it were legal/lawful, the BOD should be rounded up and shot by firing squad for what they've done to investors....

At best they should be disbarred from being directors of a listed public or private company. I bet Quintana are laughing all the way to the bank.

[mypension] 10/2/2016 12:05

My worry is that they are so far away from producing any silver and also far away from proving what they have in the ground. Like others I am hanging in there on hope!!!

[fission453] 10/2/2016 10:53

Thats better....you watch these will be 2p in no time!

[fission453] 09/2/2016 13:17

You never know...I'm in, I think there is potential here!

[billthebank] 09/2/2016 10:49

That is how I see it re cash. No debts. and of course option to buy in at last placing price where the directors acquired. I have no idea where this one is going but am presently underwater and have put these in the bottom drawer until one day the Phoenix rises???????

[mypension] 06/2/2016 11:11

Can anyone clarify the cash position?
1.Roughly $797k in the recent placing
2. $650k plus $50k as per RNS of 26th Jan
3. Does the company have $1497k ???

[tonsil] 05/2/2016 08:54

Must remember that old definition of a mining stock- "A liar standing over a hole in the ground "

[bookvan] 04/2/2016 07:39

Thanks, Bill. This is interesting. It wasn't so much the situation at AGQ that drew my question but how it might reflect on another stock. A hostile poster on another board cited AGQ as an example of how a company could be killed by a (silver or gold) streaming finance deal. As far as I can see, neither of these finance deals (SEDA or Quintana) have anything to do with streaming finance.

[billthebank] 04/2/2016 00:32

bookvan There is no doubt in my mind that something is not quite right here Yes the company assets were placed as security for the borrowing. Nothing untoward there really. The fact that the company didn't comply with the borrowing arrangement is quite extraordinary. I guess the loan was repayable on demand if certain conditions weren't met. But if that was so then clearly the answer was to have an EGM and raise the funds to repay the debt in full either by restructuring the borrowing through another lender or...... Getting a placing underway. Talking to major shareholders. How about Sprott were they still holders. In my opinion something doesn't appear right here. Particularly as the mine was about to go into production in December 2015 All very strange

[bookvan] 03/2/2016 13:00

plutonian

Thanks for that. 'SEDA' was always known as the kiss of death. And the Quintana deal doesn't sound like streaming finance, either. So, the hostile poster on another board was not being straight. Interesting.

Thanks again. Appreciate your trouble.

[plutonian] 03/2/2016 09:58

bookvan, not exactly but in the past yes. Briefly...

The company entered a Standby Equity Distribution Agreement ("SEDA") with YA Global Master SPV Ltd ("YA"), as announced by the Company on 27 September 2012. This lot (or their associates) shorted the hell out of the company in the process.

Then they got a loan from Quintana secured on the company assets. There was trouble at the mine (hidden from shareholders until too late) and they could not repay, so lost the mine.

So we are now back as explorers, with a huge dilution to raise funds.

Who is to blame?:
* Sharp practice by the financiers;
* Poor management judgement (with other peoples money, not their own!);
* Macro economics and a falling silver price;
* Bad luck;

Personally, I blame myself for being gullible!

[bookvan] 03/2/2016 07:31

This is a genuine question not a disguised de-ramp so I will be genuinely grateful for anybody who comes back to me with an answer.

A hostile poster on another board unrelated to this said that AGQ is an example of a company being screwed (or words to that effect) a by streaming finance deal. The poster is not a reliable commentator but I would be very interested to hear more of the story if there is any/no truth in it.

Thanks in advance to anybody who takes the trouble to answer. As I say, this is genuine interest and a desire to be educated.

[singray105] 01/2/2016 14:24

I got out about 2 years ago on a bounce, had a big holding here too. Lucky I never bought back in, was tempted a few times but too much debt and the falling silver price luckily stopped me.

[magnus9] 01/2/2016 10:43

11%

True dat.

[11_percent] 31/1/2016 19:40

This was always a scam.

[commander t] 31/1/2016 18:45

Just dropping in. Used to own 250,000 of these at 2.5p (before the consolidation price) and moved on not long after. Sad to see the current state of affairs.

This video of Jim was only filmed in August 2015, and it seemed so promising.

His silver shirt has dogs printed on it - perhaps that was a hidden clue.

[peterz] 31/1/2016 16:56

Well he's taken a few quid from punters, sold off the silver - excuse the pun, and taken out a wad of personal shares at a high…...

[juju44] 31/1/2016 09:32

Williams even looks like a goon.He doesnt have the appearance of someone who could achieve anything