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Glad to see some more sensible posts today. May try to attend next AGM as KM never responds to my polite if critical e-mails.
Oh yes - the 100 shares for 1 consolidation that took place on 23rd September 2019.
On the day of the consolidation the share price closed at: 9.75p / 0.0975p
The share price is now: 4.9p / 0.049p
That is a share price fall of 49.8% in five months.
That is not a good performace. There is now talk of future fund-raising, dilution and consolidation.
If anyone is thinking of buying shares in this company I would suggest they research the share price performance over the past five years before making their decision.
Can recommend a thumping good game of tennis to cure the blues ...maybe not cricket though. On reading the posts JJJ talks about a suggestion as to whether to buy a few million more given the low share price.....does he remember we've had a consolidation recently or is he Mr Monneybags himself..
I'm hoping the 'judge' is tip top and feeling positive in Amapa.
with only 105 million share in circulation to be honest a buy of £ 30 grand would move the s/p up well over the 5p mark " so ivy get buying another £30grands worth
MR james / net week there won't be any buyers just hold and pray
:) per share
I would take 20p and walk right now at a very large loss
When has WH Ireland’s predictions ever come true. You do realise KDNC paid them to do the report.
Why do you think we are a long way from going bust when we are actually tettering on the edge. We are nearly skint. And yes we can blame the downturn in lithium supply or indeed corona virus. But the fact is unless something happens soon we will all be skint
Take your pick Degsie I don't tell people to do one or the other but I have my opinions .... buy now & risk further losses or possibly make a mint if your 20p half of WH Ireland's target is met ..... up to you!
Bannor. A contradiction in your posting. "They and others can make a mint from this level but no hope of recovery let alone profit".Should we be buyers or sellers?
That's good then & al hail WH Ireland if they say we're undervalued it's not like they're engaged by us or paid by us to produce reports is it?!?
Didn't they produce reports previously as well ..... I wonder how accurate they turned out to be ........ hmmmm let me just check !!
Said it was worth 4p a share pre-consolidation so that's £4 a share now .....
No one on this board is undermining the price Kiran & BoD did & does that with every webinar Kiran stumbled & stuttered his way through telling investors that first we were overpriced then that BCN would raise at 25p whilst we sold our holding down to 20p & effectively everything they've done so far since the big JV announcements in 2013... not one success since the Sonora JV announcements so far but instead continued decline, dilution & poor decisions.... they were stopped getting their freebie shares so whose to say they haven't manipulated the SP to get them cheap anyway for when Sonora goes bang .... they & others can make a mint from this level it's just those that bought higher & early placing their faith & trust in Blabbergas & co to deliver that have little to no hope of recovery let alone profit now.......
I need another holiday !!!
The same guy who said consolidations don't work... But done it anyway!
The same guy who said we need to become masters of our own destiny by becoming owners/operators.... But continually seeks to be minor partners in JV's.
The same guy who tried rewarding the BOD 300M options the day after an AGM!
The same guy who said Yangibana was worth 4p a share... Only to retract it later!
The same guy who said we'd be shipping ore in December!
The BOD has made the same mistakes we shareholders have-carried away by the lithium market. I have said before that dealings in BCN puzzled me.
I cannot see that BOD has any interest in seeing price of shares fall.They have invested their own money, £350k in June last year and £50k in year to January 2019, at the then market price. They reduced salaries in year to December 2018 by about 20%. The accounts to 30 June show shareholders funds of £17m as compared with market cap of £5m.
I do think all the negative posting on this board is helping to undermine share price and I do not understand why any current shareholder would wish to see share price continue to fall.
I also think if Ireland is only half right the shares should be 20p. I have spoken to researcher at Ireland.
Ivybush.
Ask Kiran.
@degsie Yes it would be beneficial to have Amapa deal in the bag, but when will that
actually happen? It could be tomorrow it could be 6 months away. Like our jv's this is
completely out of our hands and requires Brasilian banks [and probably others] to release
the charges they have over the Amapa development.
Until they all agree, we can go nowhere. In meantime---cash flow?
Ivybush.
Contact Kiran- he advised me that funds would be raised after deal with Amapa completed. if it is not completed $2.5m will be returned.
I take no comfort from the fact that I warned 2 months ago that funds were required to prove
to the market that kdnc could continue to cover outgoings.
The immediate outlook is "cloudy" and until BOD can prove we have sufficient cash available
the sp will carry on drifting lower imv reducing mcap and making it more difficult to raise money.
Don't want to be negative on top of the sad sp but the coronavirus situation isn't helping the market in any way either at the moment. Tesla seems to be bucking the trend but it is early days
Not sure of which we've sold:
BCN definitely at least to a minimal if any holding
AOU last mention was les than 2% holding & we're no longer reporting their RNS's.
We would not know if they have actually sold them. My bet is they have. And here we are at another all time low.
Hmmmm rushed ... that last sentence !!!!
The £350k invested by them at a pittance was made at a level they'd driven us down to (intentionally in my opinion) & paid for with the losses us PI's have made.
@Degsie ..... really!!!??? How & what on earth makes you think you can say things like " I fail to see what the BOD has done wrong" & "none of the investments have been write offs " ....
BCN direct investment sold at huge loss - failed
$15M loan causing huge debt damages - failed
Ridiculous TO attempt of BCN- failed
Greenland £££££ on obtaining & maintaining licences now let go - failed
Auroch purchase & sale at a loss - failed
Clancy / REE leogang farce - failed
St Luis - failed
EMH direct investment - sitting on a loss
MMS direct investment - sitting on a loss
OZ assets ???
Amapa - hope
Yangi JV - hope but no control
Sonora JV - real hope but no control
The £350 invested by them at a pittance was made at a level they'd driven us down to (intebriobally in my opinion) & paid for with the losses us PI's have made.
You woke me with your unbelievable post but did I miss anything?
Meanwhile on planet earth.... :-)
Absolutely incredible