Athol Gold Share Discussion Threads

[anslow] 21/6/2012 12:26

tom w is a crook,avoid him like the plague

[noirua] 21/6/2012 08:49

I suppose Rivington Street would not have been unhappy to land a great wad of cash, albeit a loan. Do I smell a rat here?

[robbie125] 20/6/2012 15:30

Noirua,
It`s bad news if Athol gets Oilbarrell back. Oilbarrel is not trading well(see Rivington thread). Hence the decision of the Athol directors to overturn the deal with Rivington in which TW is a major shareholder.

[akramms] 20/6/2012 15:26

Ascot Mining:

[akramms] 20/6/2012 15:18

Ascot mining
20/06/2012

Operations in Costa Rica continue to improve with mining, milling and gold
production growing incrementally. Further improvements have been undertaken
whereby mining activities are being expanded, exploration work is advancing,
and plans for extending the concession area are under way.

David Jackson, Ascot's CEO states:

"The market has changed. In recognition of this fact the Company is focusing
all efforts toward its Chassoul operations, and until robust and stabilized
operations have been achieved, further projects will only be considered in
exceptional circumstances. The current environment for junior resource
companies dictates that the market is demanding production, and Ascot is in an
enviable position in that it has a functioning gold mine with an operating
mill. Full attention will be directed toward improving operations and to make
certain modifications for better recovery of gold and to facilitate the
recovery of both gold and silver. We intend to conserve cash for operations
rather than taking on any additional projects or increasing our corporate
overheads."


Full Article




Their Interims will be out this month.

[noirua] 20/6/2012 14:59

If the money does not come back then Athol are landed with Oil Barrel -- not sure if that is good or bad -- needs some looking at as well as TRUE saleable asset value of all AHG's assets.

[robbie125] 20/6/2012 12:01

Will Athol get its £575000 back from Rivington? Alot of companies are due cash from Rivington and so that is questionable. TW is Chief Investment Officer of Athol and has an dreadful track record. T1ps gold fund down 50% over last year and owns some highly illiquid stocks. Just like Athol. Time to get out! now that the stock is back from suspension. In a few months the current price will look like the giddy heights.

[argy2] 20/6/2012 11:22

Some disgruntled shareholders dumping today...the TW factor or a leak?

[djmozy2] 19/6/2012 08:20

Well what do you know - we're trading again

[noirua] 17/6/2012 00:17

The latest is that Kuwait backed Amari Dhari has opposed a proposed bid for Plus by Michael Spencer's Icap.

[failedqs] 15/6/2012 09:27

Plus Markets has been bought over, its keeping on trading I think

[noirua] 15/6/2012 09:19

When plus markets close in about 4 to 5 months time many of Athol's plus quoted stocks may be left in limbo. Always a chance AIM will give them a discount on first years membership, other than that they become unquoted and likely to be classed of little value. In the latter circumstance it could take very many a long year to divest them.

We are looking for brilliant performances from Athol management, including stood to one side TW.

[wolstencroft] 14/6/2012 09:32

TW came in about 18 months ago. It is him I think that is responsible for AHGs holdings. First junior golds, many of which are client of GECR and/or t1ps he had made, then other stuff I think from related parties, them minesite from RIVP.

[noirua] 14/6/2012 09:27

I think TW only came in a short while ago -- taking over at the helm that is -- and then the purchase of OilBarrel.com was made or expected to be. Whether TW arrived for the sole reason of the purchase, I do not know. TW is required to step aside with the reverse takeover being ongoing as he holds a large stake in Rivington Street.

Athol's holdings are in a bit of a pickle and I expect a name change to Athol Holdings quite shortly, guessing of course. All part of the efforts to raise the company's holdings to £10 million.

[topdoc] 12/6/2012 19:50

is this going to relist.what a con its turned out to be.no wonder they kicked TW out

[noirua] 08/6/2012 11:42

Rivington Street Holdings (RSH) purchased an additional 76.82% of Oilbarrel.com Limited (OBL) in December 2008; thus becoming 100% holders of ordinary shares for £348,902 (valuing OBL at £454,181) -- there were also £50,000 of preference shares not owned by OBL that paid interest at 2% over RBS base rate.
Turnover was £255,717 and pre-tax profits at £67,256.

[noirua] 08/6/2012 10:52

Oilbarrel.com Limited (incorporating Minesite): Oil Barrel (OBL) had a profit in the last tax year of £109,121; turnover of £930,060; net asset value of £415,223; and book profit on disposal of £269,000 -- sale price to Athol Gold of £750,000.

The value looks about right on last years figures for OBL. The question is 'what are the figures likely to be this year in a more depressed market in the mining, resources and energy sector as a whole'? I would guess less and if I owned OBL I would be well pleased to walk away with three quarters of a million quid.

[jonyjackles] 02/6/2012 00:02

any idea when/ if this will relist?

[failedqs] 24/5/2012 11:31

And Agneash have dumped their Athol shares now as well... See the announcement of the 17th May.... Who bought them? What odds on it being a TW connected company?

[agreeable] 24/5/2012 11:22

There must be a question as to whether this can resist, the connected party deals over the last six months i.e Worship Street, Agneash, Oilbarrel, etc all related to TW leaves Atholl looking like a waste dump.
Look at Webb Capital announcement two days ago they are now managing two RSH funds, question as to whether Directors were empowered to lend RSH money

[topdoc] 21/5/2012 07:37

Apparently AHG will relist