Thanks for sharing! I bought in @ around $0.30 each X(Let's just...

First 242 Last

Share
Profile

Follow
Aeoryth

113 Posts.

1

14/03/19

11:23

Post #: 37758655
Share

Originally posted by Solus: ↑

Well …...
1. I don't think the audit is too far progressed at all. The number and type of shares issued according to ASIC is completely different to the number and type of shares that the Company claimed should be issued (according to the March 2018 Explanatory Memorandum issued for the EGM). One of the first things auditors do is check the ASIC records tally with the company records. Also obviously if you had hopes of going into a listed environment you'd at least try to make an effort to show ASX you have half a clue on compliance.
2. Nicholas Ong, who we were all happy had been appointed last year as Co Sec has quietly resigned.
3. The paid up capital is $10.54million. ASIC think there are 341million shares. Sterling thinks about 287million shares - so around 3 cents each whichever number you choose. So if you paid more than 3 cents a share, you have subsidised someone getting (probably a lot of) shares for less (Noting that "free" is less than 3 cents). Anyone here pay 3 cents or less per share?
4. Was there talk of $3.3m profit? So that's actually only 1 cent per share or thereabouts. I think listing on a P/E of 20 is optimistic. P/E of 10 maybe. Anyone here pay 10 cents or less for their shares? If so you might be in the money. Just
5. No income & expenditure statement or balance sheet to look at of course, so the above are really just stabs in the dark.
6. Jasper is not a common name. So I'd say Simon Jasper Bell is the same Simon Jasper Bell that was tied up with Westpoint.

Is there anyone on here that lives in Perth? Can just go and knock on their door and ask for a meeting with whoever is in charge these days.

Expand

Thanks for sharing! I bought in @ around $0.30 each X(

Let's just hope that the appointment of Mr Tim Macnamara as ChiefExecutive Officer for GAGE would bring miracle and amazing stuff for us shareholders.
Upvote

Reply

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

HotCopper Highlights: Your most watched stocks for Week 46, 2024

AUN

Cyclone signs MOU with Vale for development of Iron Bear play

EDE

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

AN1

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

BNL

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

LYN

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

ME1

Banshee's historic trenches prove rich in antimony and gold for GDM

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 1 more message in this thread...

First 242 Last

Thanks for sharing! I bought in @ around $0.30 each X(Let's just...

Top Stories

Week 46 Wrap: Copper hits 2mth low as Trump threatens net zero pace; US rally fades; HotCopper’s picks

HotCopper Highlights: Your most watched stocks for Week 46, 2024

Cyclone signs MOU with Vale for development of Iron Bear play

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Banshee's historic trenches prove rich in antimony and gold for GDM

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels