Member Info for 100notout

It probably wouldn't be a bad idea if the terms were good as it would result in cost savings etc. The market would take a combined company more seriously and the entity wouldn't be controlled by a few holders as in the case here.

If they were going for a mbo or a combination of a few larger shareholders taking it over, it wouldn't be in their interest to mine rich areas right now would it? Call me cynical but I had a large position in Lonmin and was against the takeover at the time yet the press, analysts and management were for it. In 2 years the return on investment has been 6X. Of course the Bod got a decent golden handshake so they could retire early. Markets are bent and there should be a lot more governance but it wouldn't suit the organisations that fund political parties... Look at the fiasco with NMC, the directors managed not to disclose $6Bn of extra borrowings. One would have thought that the auditors would have picked upon this as it was hardly missing change in the sofa. If they can get away with that in a FTSE company what do you think they can do with the rest of the market. Often brokers and MM's get away with all sorts. Look at Gem's broker jpm, they fixed the silver market.

There is no overhang to clear, this is a short attack. Don't you think it's a little suspicious with new posters all of a sudden? Now Ghaghoo is sorted it looks as though this is being manipulated lower for a takeover or a mbo.

I totally agree. This is being manipulated for someones agenda and the company is doing sweet FA about it. I have owned a few companies which have been shorted down to make the takeover price more attractive. It's probably what is happening here.
Another problem is the MM's as the spread puts potential investors off.

It's being shorted, plain and simple. Rather a lot has changed here since 2010. The company may only have one asset now but it is considered to be one of the finest diamond mines in the world. The company is in a net cash position and rough diamond prices are rising, so I don't consider this to be a gamble, it is an investment on a low pe ratio and pays a dividend. The problem today is that most people gamble and just follow charts, one only has to look at the ridiculously high stock prices of US tech, that is gambling... Fundamentals are important in mining and a few large finds here are a game changer. Good luck with your shorts as you will need it when they find some large ones...

The fall is pretty drastic on such small volume and lets face it the recent high was still at a largish discount to the company's true value.

Whats the betting it's Millennium international shorting again? The bod have the cash to repurchase, this is as good as time as any...

900% increase in the price of lithium. This should bode well for Kod...

https://www.miningmx.com/news/battery-minerals/47590-sibanye-stillwater-says-battery-metals-to-comprise-a-third-of-future-production/

It won't be if they pull out some decent stones. Not too long to wait until another big one turns up if history is anything to go by.

Most probably a hedge fund selling again. Probably time for Clifford to look in the sofa and pull out a large one to burn them like he did last time...

A near 10% drop on less than 100,000 shares traded. This is becoming a joke. Why don't they use some of that money and buyback some shares...

I am also a holder of RR. too and have been patient there but the RR. Bod have been very proactive unlike Gem. I think the problem here is that the company is perceived as a lifestyle company and benefits a few large shareholders. The order book seems as though it is controlled by jpm, not an outfit I have any trust in. What is their latest price target on RR., 45p? Just goes to show you what a bunch of cowboys they are...

Valid points and don't forget that Graff gets a lot of diamonds from Gem too. I am surprised they haven't put an offer in as it would be small change for them. Certain things do need to change as it does come across that the company is being milked and those that benefit like the status quo.

The daily trade volume is virtually non-existent but that could be down to the spread and that lies at the feet of the MM's. I do agree that large finds tend to move this and that the bod need to be proactive, buying some shares would be a start and then perhaps others will follow.

Increase in rough diamond prices, Ghaghoo sale (no C&M), inflation, cash positive and now in a position to pay dividends to name a few. I really think the current mkt. cap is far too low.

I will Dave as this has to rerate at some point. The price just seems far too low.

Going by the latest price action one would assume the tender's didn't go particularly well. But hey, the shareholders always are the last to know.
The main problem as I see it is that apart from Clifford the remaining Bod don't have a significant stake in the company which isn't a positive sign and when Clifford receives his bonus shares he sells them. It seems that the Bod aren't bothered about the share price as they have done very little to promote the company. I will be voting against all of them at the next agm if it carries on like this.

There are some instances when directors can't buy, like when they are in takeover discussions.

The mere fact that he has expressed a desire to expand into lithium. If he does others will follow. Froneman has an amazing track record and if he thinks battery metals is the place to be others will take note and follow. Like I said there will be a few interested parties lining up to either take KOD out or buy in for a partnership.

Neil Froneman (Ceo of Sibanye) is no fool. He started out with some deep gold mines which were spun off from Gold Fields. Since 2016 he has diversified into PGM's taking over many miners including Aquarius, Lonmin and Stillwater to name a few. This was very good timing as the company has a yield of 10% and a Pe ratio of 5.5. He is now interested in battery metals. He has started his foray with a 30% purchase of Keliber (Lithium project in Finland). It will not stop there. Kod looks like a good option for a partnership or a full takeout. I reckon there will be quite a few of interested parties lining up to partner Kod. Interesting times here in the next 6 months...