London Mining Share Discussion Threads

[forwood] 10/10/2014 16:06

It's a strangely worded rns. Starts off saying that the talks with the investor that would have left something on the table for investors, if eff al, have ended. Then goes on to say that it's being bought out and Lond as such will be no more. Then ends with vague talk about cash injection, etc.

The issue then is how it's going to get bought out? The subtext is that shareholders get nothing which suggests the potential buyer is saying I will buy if you put it into administration, which obviously cannot have happened yet, but once in admin, it becomes a whole new ballgame.

If the Directors have rejected an offer that would retain shareholdings and are encouraging a buy out through administration, that would appear to be a dereliction of their duty to shareholders. This has got a very nasty smell. Just thankful I wasn't in at the close. Made a few pounds on a couple of trades but thankful for small mercies I guess!

[deltrotter] 10/10/2014 16:06

Looks like HectorP made his coin and left some for the next man. Great call H.

[miamisteve] 10/10/2014 16:06

tonysss13 - Yes was in ISYS. One of my 'bargains' at the time of the mini crash pre gulf war mark 1. Ended up with a loss on that but 10 bagged with stagecoach around the same time. Both beaten down and heavily in debt but one had cashflow the other didn't.

[duxy786_3] 10/10/2014 16:05

Feel for those who were buying:

2442 5.21 383666 O 14:58:15 383,666

Minutes before it was suspended. £20K...washed away!

MAKDAY - you not found your hold yet? I got one you can crawl in to.

[makday] 10/10/2014 16:05

CHESTY1 go on find a winner and then cheer from the rooftops....don't come on after the event........twitterman is correct.....you are a very jealous scrounger!!!!

[bad robot] 10/10/2014 16:04

Hectorp got wiped and wiped that goon out. He bought @ 1p and bought his shares in auction at 0.13p

[chesty1] 10/10/2014 16:02

Nope but I haven't lost it now either have I.

You were name calling to me & yet you just cannot admit I was right to try & warn people away from this one today as suspension was always on the cards....

Are you man enough...

[deltrotter] 10/10/2014 15:58

you have your health dux. gutted for you mate.

HectorP was the only one to make the big bucks on this one. Hat off to him.

[bigboots] 10/10/2014 15:58

with be a D4E swap whatever the outcome

There will be nothing left for the PI

[the stinger] 10/10/2014 15:56

Bad Robot, will get something back from LOND as not dead in the water yet. 10p takeout i reckon.

[duxy786_3] 10/10/2014 15:55

Makday...am not a child and I didnt see you hear until after the event....please crawl back in to the hole you came from.

As for my profit....I took out my money and some profit. In hindsight, I should have taken an extra chunk just to be sure I got a 100%+ return, but 100% return is better than nothing and not many places will pay me 15K for a weeks work at my age!

[bad robot] 10/10/2014 15:55

SOS

he got stuffed on Tpet suspension too after buying @ 2.4p, then -90%.

That's very unlucky for him though 2 suspension and total loss in 2 months

[sos100] 10/10/2014 15:53

where's kirk2 now....

[bam bam rubble] 10/10/2014 15:52

"The hopes the shares would have 'little value' are gone - they have nil value"
i.e. to investors and shareholders: so long and thanks for all the cash


"If the proposal is successful it's anticipated that the Sierra Leone operation
would still see funding provided by a strategic investor"

i.e. to staff at Marampa: don't panic as some of your jobs may be safe