Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Laverda,
'But, for Kodal, it doesn't need to transfer, we are fully permitted and can mine as we are. For Hainan it does need to transfer so they have a JV arrangement and not just a lender of money with an offtake.'
This is what I'm getting at from Hainan's point of view because as I see it they are just a lender with an offtake until the transfer. The only way of securing Bougouni until the transfer is to takeover KOD.
I think Bernard should be having a chat with his brokers as there has been no RNS with regards to holdings and look how many shares have been traded since the funding completion. This is not down to a few aim punters selling.
Perhaps you may come around to my logic that Fosun or a subsidiary is shorting KOD. They might get a bit touchy if the licence hasn't been transferred as taking over KOD may be the only way to resolve the issue as then there would be no need for a transfer. It could get interesting if another player were to become involved.
Even if we get the monster raving loony party in they could do a better job. They propose to; With Government helped finance, AstraZeneca should buy out Pfizer, then, as we would have the rights to Viagra, the economy may stay up longer.
Redundant Red Phones boxes will be converted to bijou accommodation to ease the housing shortage. We propose to prevent identity theft instantly by calling everyone Chris.
All political and electoral leaflets will be printed on soft paper so that it may be recycled in the appropriate manner.
Anyway you get the gist. At least their ideas have some common sense although rather comical.
Even the news on here is wrong.
Asos PLC - London-based online fashion retailer - Camelot Capital Partners LLC, closely associated with Non-Executive Director William Barker, buys 17,500 shares at GBP3.65 each on Tuesday for a total GBP63,800. On Wednesday, Asos reported Camelot sold 474,000 shares on Monday for a total GBP1.7 million. Camelot now holds 17.2 million Asos shares.
It clearly states that the shares were purchased in the RNS. Nothing like a bit of fake news for the shorting brigade.
I don't think you will get a short ban in the UK under the current government, even Rishi was a hedge fund manager. They will probably be out this year so we could see a change soon. I'm sure the labour lot would love to go after the hedge funds. I have had conversations with many conservative ministers and they all toe the same line with this matter. I won't be voting for them after many years of support.
ASOS is one of the most shorted stocks on the lse. If I were them I wouldn't want to be shorting it now with the likelihood of a bid coming in the prevailing months being a real possibility. All three major shareholders have been adding to their positions. They have a much better insight to whats going on than the hedge funds. I doubt there is much to make on the downside at this level but if a bid came in north of £10 they would be out of pocket.
Barker will be the first port of call if Polvsen or Ashley make a move. It could make sense for either of them to make a paper bid instead of cash. I wonder if Barker would be on board for that!
Same will be happening with the PGM miners soon. Elections will be on this year in SA. The miners are already cutting jobs, much to the dissatisfaction of the unions, it won't take much for them to start stirring the pot up as they did in 2012. I think there will be long protracted strikes and a lot of burrnin and a lootin... Then you will see a big reversal in the price of PGM's. Anyway if it does play out it would be a catalyst to send the lithium price back up to its dizzying heights.
Very timely broker update by UBS with a 380 target. What a lot of tosh, they must think investors are really stupid if they can't see through this. The transparency of these clowns is quite something. I would follow the money, in this case Barker.
I doubt it will be on the market in two years as I suspect it will be taken over in the coming months. The Curry's situation has probably nudged potential candidates to make a move.
There is a potential here for a massive short squeeze as the total amount will be way higher than the reported 5.5% as they are the only ones above 0.5%. Ashley has built up a 25% stake and the price has flat lined. That's not done without a lot of shorting. I reckon the true position of the shorts is way over 20%.
Is it possible that Fosun or a subsidiary has shorted KOD since the completion of funding in order to collapse the price with regards to VWAP for a possible takeover? I am rather suspicious that the share price has been pushed down so low and that any rise is sold into. Personally I think most longterm investors were under the impression that the share price would rise after completion of funding but contrary to the share price increasing its halved in value. I am concerned that Hainan are after a cheap takeover however if they or a subsidiary or associate for that matter were indeed shorting there could be legal ramifications.
Considering the share price has fallen so much its rather surprising that Hainan haven't increased their holding. Before I'm shot down check out the undisclosed short on PMO by ARCM. They had an undisclosed short of 16% and didn't feel the need to inform the FCA. The fine set was paltry.
I think holders would be better off declining offers unless they valued KOD at a proper value as long term it could be valued of multiples of 1p.
Kod is up 0.015 today, that is hardly a spike. It went from this level up to 0.85, that's probably more like a spike. The reason this is going up is because the presentation was encouraging. There are no doubt pumpers and dumpers in operation here but do the research. A potential of 50mt is big and this could again increase in the coming years. In my view the shares should not be this low but that's my personal opinion based on my own research.
Perhaps but I think it's better rather than having a big spike up and coming off to having a gentle ride up as and when the news filters out. Going for 50mt this year shows they mean business. I'm still buying and over 0.5%now.
The Bougouni mining area covers circa 97km sq. so the figure quoted today of 50mt could increase yet again with more future drilling. Personally I think KOD deserves a much higher mkt cap than £62m.
Hopefully we will get some more news on the gold front by June.
A very clear and precise update though. Bernard keeps ticking the boxes and as shareholders we are fortunate to have him at the helm.
I would like to see some news on Nielle or Fatou before agreeing to a buyout. Although 1p may seem attractive in the short term the company could be worth quite a bit more. The share price should be a lot closer to 1p to where it is at the moment, but that's the markets illogical behaviour for you.