Div Hunter
24 Feb 2017
Re: Corporate Action Notice Correct if you actually hold the share certificate but if they're held for you in a nominee account that will be it unless you can get the nominee to arrange for you to be sent a certificate for your holding.
Mr Papillon
24 Feb 2017
Corporate Action Notice I have just voted against the delisting, not that it will make much difference.However, my understanding is that even if they delist we still have part ownership of the company although a minority holding. Can someone confirm for me if this is correct.
Cruncher1
22 Feb 2017
Re: To the NRRP Board One of the things that really rankles about this situation is that when all the board changes were made back in January 2015 one of the reasons given for the change in the RNS was 'financial discipline.'That quality was jettisoned by the crazy decision to continue the expenditure on exploration until December 2016 rather than adopting the prudent course of conserving the funds to tide over the company until the licence was awarded.At one of the infrequent 'quarterly' conference calls one of the PI's suggested mothballing the project until the licence was awarded. This suggestion was discarded. PIs have been badly let down by the BoD.I would be interested to hear Martin French's take on what's happened.
Mr Papillon
22 Feb 2017
To the NRRP Board Give me back my money you crooks.Sorry, the last word in that sentence was a spelling errors and actually rhymes with rocks.
Mr Papillon
21 Feb 2017
Typical - Told you so I guess this was inevitable, wish I had never invested.
Wordbodger
21 Feb 2017
Re: Sad investments When an AIM minnow gets all its funding from one source the writing is writ large on the wall. I salvaged a few quid from a dreadful investment a few years back, and have kept watching. Sorry it has come to this.No surprise that when Greenstone get over 75% they take it private. Significant, imo, that they aren't even offering a buy-out deal, and understandable that the Namibians aren't signing off the licence to a skint company, they will do so when Greenstone raises more cash, which will wipe out what remains of the (untradable) equity. The RNS about the latest drilling results gave nothing away, which was a bit of an alarm bell in retrospect.My mistake was to gamble on the Chinese a few years back. Since then it has been downhill all the way to this precipice. Hold and hope? Many of you probably wouldn't get anything after dealing costs anyway ...Sincerely good luck anyway.
broomfielder
21 Feb 2017
Re: Sad investments I sold out here last year at considerable loss (it seems a bit of a common theme with my AIM investments in the past 10 years), so my sympathies for any long termers still invested here. The trouble when things drift as long as they have here, you somehow imagine the only news will eventually be positive.On Friday last week I posted comments on the Herencia board highlighting how many so-called Management seem to earn a very good living at our (Investors) expense. It could be echoed here along with many other Companies it would appear.Its become all too common of late as AIM companies seem to be disappearing faster than ever and while this may or may not be supported by actual stats, to me at least its deterring me once and for all to steer clear of AIM registered companies. The lack of Regulation, almost inevitable ignorance by BoD's when things get tough and inability to exercise any influence makes PI's investments especially vulnerable. Sure, we know the risks are high, but some of these makes casinos look generous in their payouts. Yes, its taken me rather a long time to realise this expensive lesson!All the best everyone.B
LexiPexi
21 Feb 2017
Sad investments Darn,We all saw it coming but still is nasty to digest.Just for the fun of it, I would like to point out that Mr James Beams has invested 100.000 sterling of his private funds because he both has both and honor.Sadly his colleagues Mr Mark Sawyer and Mr Haworth lacked these qualities.For the market it should be a clear and loud signal to stay away from Greenstone and from Namibia.Well, perhaps a vacation in Namibia can be considered as it does have some qualities.Investing in it is not one of them.Good luck all, LP
etadelete
21 Feb 2017
Re: ...and over the brink pump and dump. gla
AuGment
21 Feb 2017
All done notice it only took the sale of a few thousand pounds worth of shares for it to lose 80% of its meagre value. Such is the level of mistrust in this incompetent shower
matt.whitby
21 Feb 2017
Re: ...and over the brink Bad management. It's as simple as that.
Cruncher1
21 Feb 2017
Re: ...and over the brink It does raise the question of why the board continued the massive spend on the drilling until December when they knew they weren't getting anywhere with their license negotiations. They should have battened down the spending much earlier (& failure to do so reflects very badly on the board). Obviously have no idea what NRRP's negotiation skills were like but the company has been shafted by Namibian politicians.This at a time when Namibia is about to hold a mining expo which has the strap line of 'reaping the benefits of mining investment.'
matt.whitby
21 Feb 2017
...and over the brink Well, there you are... over the brink. It was pretty much always inevitable as there simply was never a plan other than wait and see what the ministry decided (and they sat there in stasis, with no benefit to them of acting). When asked what the contingency plan was if the ministry didn't grant a licence it was obvious there wasn't one).
Cruncher1
21 Feb 2017
Re: AIM listing cancellation The 'buy' was clearly an error - fat finger on iPhone - looks to be no option but to hold anyway now.
Cruncher1
21 Feb 2017
AIM listing cancellation To save costs, very limited hope left.
