DannyQSee
27 May 2015
Re: One... I'm totally at a loss as to what the strategy is here now??I initially bought in around 8p and sold out around 12p, so everything I'm doing now is paid for, but I wonder when this will ever go up.They issued so many new shares at 0.26p and given out even more options to redeem next year at 0.26p effectively killing off any possible upside for at least a year.We have a world class asset, but there are still quite a few challenges. Instead of pulling out all the stops and presenting us with a fixed timetable as to when we will create cash flow and possible profits, we are now hearing they are looking for a new acquisition.This is always a very bad sign – it now has got “gambling” written all over it.The only ones who are making a killing right now are the brokers. You can sell for 0.22-0.23p, but can only buy back in for 0.28p... stay well clear
dicko80
18 May 2015
One... for my.. Monte Carlo or Bust portfolio
DannyQSee
30 Apr 2015
Annual report The annual report is out today and it doesn't surprise me that we're seeing another 6% drop.The board tries to explain that we have the "most difficult circumstances in a century" and are begging shareholders to stay with them, but for me they still fall short of apologising for having not made any tangible progress in years!!We're hearing that it might be another two years before the existing assets may bring rewards and rather than speeding this up they are looking to acquire a new assets for generating revenues????!!!!! While nearly bankrupt - I'm speechless.This is all pretty desperate stuff and a declaration of total failure without acknowledging it.I would put a sell recommendation but given the fact that it's almost worthless and only a complete gambler would buy this stuff right now I don't want to give it anymore attention than what it deserves: absolute nothing!
DannyQSee
21 Apr 2015
Re: Question Exactly my point!I was going to take part but with today's drop to 0.22 (which we obviously didn't get) I've rather topped up than take part in the placing ... very happy I managed 0.25What confuses me about this company is that they seem to keep going due to the top asset, but I've got no idea if this will ever be rewarded ... highly speculative, don't risk any money you're not prepared to loose!!!
urrff1
21 Apr 2015
Question I may be being dense but why would I subscribe to the offer ar 0.26 when the shares are below this price ? Am I missing something ?
DannyQSee
21 Apr 2015
Re: Los Calatos update The price for the new shares is 0.26p... (crazy if you think this was at 18p not so long ago)... anyway based on that I've bought some today at 0.25p.This is a complete gamble at this stage, but I might as well put my money where my mouth is!
dubzy
27 Mar 2015
Re: Los Calatos update Nope your not alone Danny. Still holding,still losing money, decent update, following by another drop....
DannyQSee
26 Mar 2015
Los Calatos update Good update on Los Calatos this morning!It looks like I'm alone now here on this board ... anyway, I keep posting.As every developer in the current climate, this company is struggling to keep the dream alive but I'm still invested and hopeful that long term there is light at the end of the tunnel.They are doing good work and hopefully it will pay off.[link]
DannyQSee
18 Feb 2015
Fundraising Something must have leaked about the fundraising as this thing dropped 15% already today and I would expect the same to happen tomorrow.They are raising funds at 0.3p ... quite shocking if you look where the share price was not too long ago.[link]
DannyQSee
04 Feb 2015
Quarterly update Hey, you guys have been quiet.I've read the quarterly update and what really startled me is the complete absence of any reference about the terrible share price drop.I like the confidence though and the suggestion that we are due very positive news (cash flow opportunity and court decision due shortly). The board also seems to suggest that funding for the next 24 months is secured, so for this reason I will continue to accumulate small top-ups as and when.sp today 0.375
MrSirismoon
03 Feb 2015
266k showing as a sell was one of my buys. I am at 3m now so that my fill.......... maybe
MrSirismoon
02 Feb 2015
Excuse the typing. Phone is on the way out.
MrSirismoon
02 Feb 2015
Exc
MrSirismoon
02 Feb 2015
Yes I submitted my topup orders for the morning then I am done on the purchasing. It is just of sit and hope. What we need is some good Mollacas news to boost price out of danger levels and then maybe sell of that assett to then buy a producing mine to keep us ticking over until Markets change and people come hunting for LC all the while improving it viability. I see copper demand rising towards the end of 2015 and 2016 being much better for Miners. Lets just hope we are still here by then...after hanging in there we all deserve it.
MrSirismoon
30 Jan 2015
Yes ridiculous price indeed. Buying my last few to get me to 3m. Then either I have lost 30 odd grand or will make a fortune. Surely they have gotta put up some sort of fight. At least fire sale the assets and buy a small mine. That should get us back to 5-10p + at least. While Mollacas is second fiddle. I feel a lot hinges on tribunal decision and if they can do a deal with land owner for access. Hopefully he realises a bankrupt company will pay him nothing.
