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Another.
Issue of equity coming soon.
Round, round, round.
lo and behold! 13th October 2020.
Issue of Equity! Quelle surprise!
You do the maths.
Since 2016 nothing but placings!
KP2 Fundamentals - IFRS
Millions Millions Millions Millions
Income Statement 31 Dec '19 31 Dec '18 31 Dec '17 31 Dec '16
Revenue n/a n/a n/a n/a
Operating Profit / Loss (4.22) (6.24) (4.31) (4.26)
Never made any revenue? Just manages to lose at least £4m every year.
Issue of Equity.
14-02-19
14-06-19
18-10-19
21-01-20
07-04-20
25-06-20
And now 18 September 2020 "is pleased to announce" a placing!
The resource may be there. It will take another £7 million to get it out.
What is the current MCap? Oh dilution is great!
The FACTS are this has been diluted down from over 8p to fractions of a penny.
£7m against an £11m MC is 64% dilution.
You are in the right stock if you love dilution so much. KP2 is King!
Jesus, QS/mitch/sausage.
You told me your 6 year old had helped you with your reading?
I would now ask them to give you investment advice.
How is this "early life"? Since 2016 nothing but placings!
KP2 Fundamentals - IFRS
Millions Millions Millions Millions
Income Statement 31 Dec '19 31 Dec '18 31 Dec '17 31 Dec '16
Revenue n/a n/a n/a n/a
Operating Profit / Loss (4.22) (6.24) (4.31) (4.26)
Never made any revenue? Just manages to lose at least £4m every year.
Issue of Equity.
14-02-19
14-06-19
18-10-19
21-01-20
07-04-20
25-06-20
And now 18 September 2020 "is pleased to announce" a placing!
After you fictitious diatribe on "how great dilution is" you bring out your fake avatar.
SMH well done!
Idiots like you being onboard, will drive the price down for sure.
Who would want to be invested in something that potty mouthed children follow?
I will not change my point of view.
You - QS/Mitch/Sausage (all the same person) like this share, are a dog.
Childish name calling, and inane drivel about how great dilution is?
I think I will stick to facts and figures, thank's all the same though.
QS "THIS IS JUST AN EXAMPLE and non-factual!"
You are correct, your post @ 07:12 is total FICTION.
The FACTS are this has been diluted down from over 8p to fractions of a penny.
That's dilution for you.
A further minimum of £7 million dilution to come, and that's just phase 1.
That is against an £11 million Market Cap.
Not made any revenue since 2016, and 7 (SEVEN) placings in the last year and a half!
If placings are so good QS, why has the price plummeted to these levels?
If dilution was as good as you say in your fictitious ramblings @ 07:12 we would be measuring this in £'s now, not fractions of a penny. Such is this companies expertise in dilution.
Oh if placings were good this company would be the best!
Issue of Equity.
14-02-19
14-06-19
18-10-19
21-01-20
07-04-20
25-06-20
And now 18 September 2020 "is pleased to announce" a placing! Quelle surprise!
Not made any revenue since 2016. SMH, investing is really not your game.
Try knitting or something. (anything)
KP2 Fundamentals - IFRS
Millions Millions Millions Millions
Income Statement 31 Dec '19 31 Dec '18 31 Dec '17 31 Dec '16
Revenue n/a n/a n/a n/a
Operating Profit / Loss (4.22) (6.24) (4.31) (4.26)
Never made any revenue? Just manages to lose at least £4m every year.
QS "To be more precise I have plans of magnifying my holding in the region of x 10 up to percentage level!"
Magnifying a holding by 10 when it is common knowledge "£7m against an £11m MC is 64% dilution."
Your x 10 will acctually be worth x 3.6
Not only do you call people childish names, it appears you have no grasp of basic mathematics.
Are you sure investing is for you?
QS "Who said anything about buying 7 million £"
nacho2 posted it, from kp2 Youtube video, 26th August. Scroll back and check.
27th August you replied "Gottta agree with you there 100% , Nacho2"
QS " "I can see wholeheartedly you have never grasped the concept of INVESTING once the DUST has SETTLED"
I can see wholeheartedly you have no concept of dilution. My portfolio is doing rather well, thank you.
QS "So glad I was fortunate enough not to drive taxi's for a living as they can't even drive properly. Basically as thick as Sh_ _."
I am so glad I don't judge people on what they do for a living, and I don't call people childish names like you do.
Seriously, your post Sat 20:34 reads like it was written by a 12 year old.
WOW! I thought your "hands, face, space" was a warning to others, about investing here.
"I have plans of magnifying my holding"
Do you have £7m handy?
"A minimum of 7 mill equity fundraise to do the first phase of feasibility study on dx project which takes around a year"
£7m against an £11m MC is 64% dilution.
You are very magnanimous indeed!
Good advice QS!
Wash your "hands" of this stock.
"Face" the music if you hold this stock.
Keep a wide "space" from this stock.
"A minimum of 7 mill equity fundraise to do the first phase of feasibility study on dx project which takes around a year"
£7m against an £11m MC is 64% dilution.
So in a year your 0.675 will be worth 0.243
That is just for the first phase! God knows how low this can go.
Agreed nacho.
"Theres a long rocky road to go before/if the company makes a profit."
Thanks.
Bit too long term for me!
Youtube video was interesting, however this was based on a pre-feasibility study it seems. A minimum of 7 mill equity fundraise to do the first phase of feasibility study on dx project which takes around a year to do. Theres a long rocky road to go before/if the company makes a profit. Certainly could skyrocket on good news but its a big risk. I see further share dilution before this maybe turns a corner.
Jimzi "When and how much do they need to actually start mining?"
2016 and as much as they can get, sad but the Fundamentals don't lie.
Quelle surprise a placing!
Who could have seen that coming?
Tobin, if you think dilution will not affect you, AIM is not your game.
This company has to raise a lot of money. To some extent it looks like it will raise a not insignificant amount with relatively small discount. This means there are big shareholders prepared to back it.
For small shareholders who may not even get the opportunity to even participate in these capital raises then it looks less attractive. Even if capitalization increases we need to see SP rise. I have a little exposure but it will say small until I have more confidence that I will not be diluted out and those on the inside are able to pick up more exposure at tasty discounts.
Well at least it has not been forward sold so not a bucket shop raise.!
When and how much do they need to actually start mining?
Just another raise and dilution and at a new low of 0.65. Huge 7 million. Thought this had turned the corner and bought at 0.8 up to 1.1p but nope. The chart shows how much investors have been crushed over the last few years
They have certainly gone through some cash. There is a great resource here but making money out of it with the costs of development has been difficult. However I think you can see that the company has now identified particularly high reward area with the DX project and developed low cost way of accessing it. When we look back the development costs and time may look well spent.
Oh if placings were good this company would be the best!
Issue of Equity.
14-02-19
14-06-19
18-10-19
21-01-20
07-04-20
25-06-20
Not made any revenue since 2016.
Wastes at least £4m every year and you guys smile and pick up the bill?
Some Christmas parties they are having!