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Maybe company not for sale! Point is Mr. Big is throwing his pocket change at this. Possibly testing a new analyst or something.
However, a billionaire will not invest to loose money (fact)
I think this will go up to about 10p before Me. Big starts selling (assuming that's the trade.
I am guessing but he wouldn't want cln's to come into play and he would want to start selling at a point where, even with pull back- he walks away with a good profit.
However, assuming he wants more of the company because things are going well. I would think that he could buy the cln's and convert them.
If this is a possible secenarioagain he would want to wait til about 10p to put in an offer for the loan notes.
Either way, this is looking Juicy, very juicy with a lot of meat and the bone not seen, yet! Imo
Why mr rich not judt buy the company. Easy work it out$$$$
As a billionaire, £240k is likely peanuts, agree but this guy is a local and overcome any problems with land owners and Government policy I suspect ?? always good to have a credible home grown business man .
You don't become a billionaire throwing money away or on a punt !!
Also the AGM this year is ahead of CGNR first time I can remember.?? relevant??
I still think far more to come here and bare in mind lahtojoki has time frame with A&G mining to consider/permits etc ,so cant take forever .
The clock ticking!!!!!!!!!!!!!!!!!!!
Fullmar- if he comes in and aggressively buys shares. The MM's would see this go up to 20p in a couple of sessions.
However, if he buys 5.7% of the company at 4p (at a premium today), then he slowly uus cln's, he would be able to buy upto or close to 30% and be reltiv cheap.
Even if he puts in an offer the company would overall be at 10-20% cheaper.
At thisnpoont, cln's are 10p he has bought at a premium- so ask yourself, why?
No one pays over the odds for a laugh.
The shares are probably opening at 4p tomorrow and there are people who have more double bagged.
Good luck to all in KDR. .
This will be a good week all going well.
Fullmar- if he comes in and aggressively buys shares. The MM's would see this go up to 20p in a couple of sessions.
However, if he buys 5.7% of the company at 4p (at a premium today), then he slowly uus cln's, he would be able to buy upto or close to 30% and be reltiv cheap.
Even if he puts in an offer the company would overall be at 10-20% cheaper.
At thisnpoont, cln's are 10p he has bought at a premium- so ask yourself, why?
No one pays over the odds for a laugh.
The shares are probably opening at 4p tomorrow and there are people who have more double bagged.
Good luck to all in KDR. .
This will be a good week all going well.
He would find it difficult to buy the company unless it was at a huge premium.
1) The prof and his board have sufficient voting power to vote against any buyout unless it was for a massive premium for starters.
2) as a billionaire, £240k is likely peanuts, and only gives him a similar level of holding to Martello. Not even a board seat, so unless the guy is going to get really active he won’t actually have any real say in what the company does going forwards. If he disagrees with the prof what is he going to do?
It may be more likely that he might get involved in a consortium to put up a couple of million ( and we’ve seen from the egm situation that to develop lahtojoki properly would need a couple of million ploughed into it) on a project basis for proper developing of lahtojoki. Prof won’t give away anything approaching a controlling interest in shares/voting power....so any real further fund raise would have to be on a project basis, rather than a company basis....
Don’t forget that the bod are still drawing hefty salaries/pension payments/fees, plus the lahtojoki landowner situation still needs to be concluded, which might well involve some form of payment to the landowners to allow Kdr access again. It may be that tgis new guy might be able to persuade the locals of course, if he’s a local himself there...,
If no project finance forthcoming, and/or the landowner compensation negotiations remain protracted or don’t get resolved satisfactorily, then the £240k, plus Martello £150k will get blown through very quickly with very little to show for it....
Interesting times though...
L.
Nice to see interest in this old flea bitten dog!! Might now turn into a Phoenix !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Scenarios change,but "leopards do not change their Lifestyle spots".If this came good then brilliant,but otherwise it was a good (pricey) lesson in researching CEOs thoroughly. GLA
Max-for him to do it gradually will raise the SP a lot higher (if that is what he wants).If he buys 30% he can make a bid or just sit on his shares to stop anyone else doing it.Time will tell,all we do know is the Prof will still get his "lifetime " salary.
whatever
A billionaire would not try and buy this a share at a time. It would boost the share price making it more expensive.
At this point he has 6.79% Nd can add more shares at what would ultimately be a discounted price!
Billionaires aren't stupid and if they are, they are clever enough to hire people who know why they are doing.
Tomorrow this should open at about 4p imo
No just a few that have been here for years and seen the share price decimated and no progress
Mr Jinx for once and most humbly I am going to have to agree. There is opportunity here but cannot see this lot ever being able to realise it.
Or whilst the company was going through 2 EGMS trying to replace the current BoD....... or anytime in the last 3.5 years whilst they have been doping bugger all at Lahtajoki or the last 20 years whilst they have been 'exploring' in Finalnd
Great opportunity to trade today and make some cash but when the dust settles its going to take more than a spade to dig this stuff up and 6-7 Director salaries to pay for
Sceptical LTH here.Why would this billionaire not just buy the company at such a low Mcap ?
This is the serial fund raising Conroy afterall. Hands up all those that got caught four or five years ago when Conroy last fund raised this into the ground? You have no idea what deal has been done behind closed doors. A £120,000 fund raise to boost the sp to further fund raise £2m would seem quite cheap...don’tcha think?