Versarien Share Discussion Threads

[club sandwich] 10/2/2020 16:38

Ade - "warren said 'if you can't stand to see a stock you bought drop to 15% of the price you bought it then don't bet on the market'" Actually he said 50% - and VRS has dropped a lot more than that from the fund raise price, let alone its peak!

[adejuk] 10/2/2020 16:37

log
i know you spoke but i am deaf
thank the lord
to quote nancy
'i pray for you'

[loglorry1] 10/2/2020 16:32

Worth reviewing Chris Leigh's podcast on December 16th and paying the "Spy the Lie" game to see if it all stacks up in light of today's announcement.



The bit on cash position starts at 1:45 where he says

"our cash burn rate is just over a couple of hundred thousand pounds a month"

Well clearly he might be right IF no money has been paid to Ganomat e.g. if none of the €750K was paid then cash burn was £1.1m over 4 months e.g. £275K.

Oooops!


Moving on he then says

"So we've certainly got plenty of cash for the next year or so"
Ummm assuming he meant from the date of the recording which would be the natural interpretation then today they reveal cash balance of £1.53 but €300K due to Ganomat very soon. That makes cash now 1.53m - 0.255m = £1.275m. Taking the burn rate at 275K that's just over 4 months. Even at 200K/month that's only just over 6 months. How on earth can he say "plenty of cash for the next year"?

Ooooops!

There's a bit of invoice discounting but really would they rely on that especially since they've used most of it already which I'm pretty sure he failed to mention.

Oooooops!

[adejuk] 10/2/2020 16:32

shev
vrs may well drop to 25 but they have a gigantic moat
and that means everything over the next two years
warren said 'if you can't stand to see a stock you bought drop to 15% of the price you bought it then don't bet on the market'

[adejuk] 10/2/2020 16:29

agree shev
so choose your stocks carefully a la warren

[pshevlin] 10/2/2020 16:29

I would have been happy to buy shares today if I was certain (as possible) that they were going to rise sometime soon. Unfortunately I don't have that faith. Too many things taking a long time to come to fruition so they may well drop further.

[pshevlin] 10/2/2020 16:26

It will never happen now Ade especially as Boris' crew are ensconced in their democratic dictatorship. It's in too many of their interests.

[realtonobungay] 10/2/2020 16:25

Sorry superg for replying to one of the trolls on this bb

Thought the RNS was really clear.

Happy to have bought more shares today.Strange that the one person on here who says he has no shares spends the most time sending negative posts. Guess greed brings out all sorts.

[adejuk] 10/2/2020 16:03

f tw
he is a depressed alcoholic who couldn't run a pizza parlour
his wife effectively washed her hands of him after he dropped her in the ordure
he deserves a well earned rest at her majesty's pleasure

[adejuk] 10/2/2020 16:00

and i still hold 170k
how depressed is that?

[the skipper] 10/2/2020 15:59

TW in major ramping mode on Vatakoula Gold Mines:

If you are a nervous holder and the scumbags are starting to get inside your head you really should watch this to the end just to see how wrong he got it. Maybe he was just given a large wedge of cash to help them get a placing away, but either way it stinks.

[loglorry1] 10/2/2020 15:58

@RogerTheGrouch

Your posting history is absolutely littered with posts about how happy you are that the shares have dropped and you've scooped up cheap shares. You've done this throughout your time here.

This is just ONE example when the shares dropped to only 128p last year:


RogerTheGrouch25 Jul '19 - 10:44 - 74723 of 93962
0 24 1
Only just checked the share price, been a very busy morning. Can’t believe we down?! Loading up as we speak. Thank you sellers

Do you REALLY think you should be making any claims about where the price should be at all?
----------------------------------------------------

Good luck, you can only hold a false position on a price for so long particularly when the RNS this morning refuted all the rational for decline.

Happy, adding, excited

[club sandwich] 10/2/2020 15:58

ade - "you're always right until you're wrong" - with me it's usually the other way around ;-)

haven't been wrong about this lately though - the sharp decline is the price of failure. Ricketts clearly stated several times he expected (sorry, 'hoped') to deliver something significant last year - and he didn't. This calamitous share price decline is the direct consequence... That and the Discord fiasco, the porkies about China etc etc etc. He needs to pull something out of the hat, and quick...

[adejuk] 10/2/2020 15:57

roger
that is so unfair :-)
the fact that i retreat into my cave from oct till april is no reason to attribute that minimising description.
i am more of a permanently depressed bear :-)

[rogerthegrouch] 10/2/2020 15:52

Even the permabear Ade gets it!

[par4artthou] 10/2/2020 15:51

Loglorry. It's been asked many times now. Why don't you ever answer the question?

WHY ARE YOU HERE?

[adejuk] 10/2/2020 15:51

club
you're always right until you're wrong

[adejuk] 10/2/2020 15:50

advfn can't be trusted but, on their figs, bulls are winning
let's see in a few days
the shorters have to run out at some point and, in the meantime, we may get a nuclear rns

[club sandwich] 10/2/2020 15:49

looks like I was right - early bullish enhusiasm not enough in the absence of hard news.

[adejuk] 10/2/2020 15:47

i am already overweight and out of cash
otherwise i would be buying

[rogerthegrouch] 10/2/2020 15:45

We'll see... Its a combination of factors at the mo but the washing and price manipulation continues for now having ridden your fear mongering down to this point.

Those that get the company and understand what the RNS actually means this morning are happily buying to take advantage of the wider game at play. A game you don't seem to even be aware you are playing. If you are indeed short, you are going to get quite a shock soon if my assumptions are correct.

The winners will be the holders, buyers at this level but annoyingly including the ones the City are trying to let in before lift off. The losers will be shorters and the PIs that sold.

Good luck, you can only hold a false position on a price for so long particularly when the RNS this morning refuted all the rational for decline.

Happy, adding, excited

[adejuk] 10/2/2020 15:41

btw fest
market prediction has attracted the attention of many of the best minds on the planet for the last 500 years
and they have all been wrong.
what special insights do you have?
even if you are a quant you would still get it wrong with a ph.d in physics
i have the equivalent of 2 ph.d and i still can't cook a curry.
warren got it right
hold, get depressed, get elated, get depressed etc etc
in the end it is a weighing machine
nobody, i mean nobody, can predict the market
see a moat and check the mgmt and then buy and hold and turn off the puter

[joeblogg2] 10/2/2020 15:41

Do hope NR issues contract rns tomorrow!!!!