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It's clear to me. That unless this mine gets into production the share price will suffer... banging on about oh it was 32p nothing mentioned about it being only 3p at some point in the not to distant past.. on a rising market people are prepared to speculate more. On a falling/uncertain market people look for certainty ie earning... simple really.
I'm open to all views negative or positive. But banging on about the same thing day in day out becomes tedious to say the least... I'm not happy how much it costs to fill my car. But moaning about it don't get it filled up...
You calling others pillocks? That is the best yet, moaning minnie.
Not offensive? Now your talking semantics moaning minnie. He is offensive to me, as for the past 5 months he has written the same abjectness over and over again, without offering solutions and criticizing many for not speaking out about the share price or the company. Has it ever occured to him that some are waiting patiently to see what comes about in the coming months? Of course, you'll like his tone, as you share his sentiment.
Oh and I forgot to say although I rarely read this board now it doesnt get any better. Mind you all AIM BBs with a poorly performing SP are like this, look at UKOG its just as bad with the same type of pillock on there too...
And quite rightly so.....The 'ive got to protect my investment crowd' cant tolerate a negative view but it is near impossible to be positive about this never ending story of woe ! The only thing that cheers me up about this share is that I sold 30K of them at 29p at the end of last year. You are all having a go at MileB but he is not offensive like many posters here !
No. I thought I would take a break from LSE and emailed them and asked them to remvoe my account as a certain person's posts infuriated me so much. I gave it a month and continued to read the message board from an outside perspective and created a new account as their constant disruption was getting worse. They are a vexation to the spirit and I will probably get banned soon anyway, as I have had a warning. They continue to have self-entitlement to moan everyday, sometimes 5 times a day about why we should all be crirticizing rather than complimenting the company.
I appreciate that things have not gone according to plan this year, however, to constantly complain everyday about the same things is a monumental exercise in futility, yet they persist. I think at this point they are just trolling and probably guffawing as they type. Pretty sad really.
Why the name change Y11? Did you get banned?
Be careful when confronting Magic Mike. The self-entitlement he possesses will never change, and unfortunately you will get warnings from LSE, when you confront him. I mean, look at his latest post and you will see what can of person he is. He asks people to post research, whilst complaining that his toast was burnt this morning.
barsky/ l think we will all be having stents fitted if this carry's on like this. lol
the whole share is boring now.
No excitement there to make money, less so the prospects.
I tried to stop him for months cartunehead and I got a warning by LSE. Be careful.
Mike your epitaph will state.. This is his final placement!... Your free to state your feelings as you should. But day after day week after week month after month.. Its boring... you cant change it now... no amount of constantly repeating yourself will change anything. so give us a break...
....not really in groundhog day once in things started pretty appallingly & got better & better until the exit .... here is pretty much the opposite to date LoL
Damn this board is boring... its like ground hog day every day...
Thanks md , he is doing fine atm just waiting for final stent and he will be good as new !
barsky/ how the other half l hope he is recovering nicely .
work it out ,lol
:) who is Susan :)?
10.15 two great trades not / and yet the ramper will have us believe we have millions of dollar in the bank just waiting to be taped, total bull Susan
Putting my valuation another way, if the operational mine is worth circa $660m and takes $200m to refurb has $100m in debt subtract our $30m for 49% and $40m in stockpiles our mine would be worth approx
$660m - $200m - $100m + $30m + $40m = $430m
$210m valuation for our 49% which is 7x the $30m investment.
$116m 27%
Our market Cap is £25m which includes 9% of EMH. Patient investors will be rewarded.
Thanks EV....I have to go now, but I will take a look later at those possible options. As you say the fear of dilution is what generally holds investors back . The sooner the PFS and the financial arrangements are known the better.
EV, that last paragraph is really interesting, thanks. Perhaps this is one of the reasons this share is so undervalued as the majority of people haven't thought of this.
The $6m we have paid has gone in to the project as would the money for 49% (est $24m), this is stipulated in the judicial recovery plan.
Kiran has said Indo Sino won’t be able to (possibly can’t) fund the Amapa project so an IPO is being looked at for the project to get that additional funding, therefore we could get the mine fully funded. I presume there is also the option of another party buying in to the project to help fund it, or of course an outright sale for the right price.
Have a look here for more info:
https://www.reddit.com/r/CadenceMinerals/comments/q800za/amapa_details_on_the_49_option/
And also watch the latest presentation
https://www.reddit.com/r/CadenceMinerals/comments/u1f2f4/shares_magazine_investor_evening_presentation_by/
Funding partners for the project were actually lined up by Cadence when the project was taken on and one of the reasons we were chosen as the partner for Indo Sino (IMO). Our chairman is a fund manager and has contacts. I personally think we could do a deal where we get a loan to take the 49% and then pay that back as part of the IPO or sale for a quick profit of 3x, we could have say 35-40% of the project at no additional cost, and then maybe go to owning 30% of a fully funded project, without any additional capital. This is obviously what Indo Sino are also doing and the IPO gives everyone a valuation and an exit strategy. I don’t think many understand this and I don’t think a raise or dilution is inevitable for the 49%, fear of which may be holding us back.
Thanks Bannor.... I'm not sure if you are being serious or whether you are just playing around, but I'll assume it's the first option. However, you answered yes to the final point, but do you know approximately the amount? Thanks!