Member Info for 165zephyr

He failed to mention Sonora too. Deliberate?

https://ukinvestormagazine.co.uk/anticipation-builds-for-cadence-minerals-as-amapa-pfs-prepared/

Cool, either way I think something is brewing :-)

Seems KDNC is suspended on IG, is there some big news expected?

The classification/direction of the trades can not be relied upon, we've known that for some time now. And I say that from personal experience from my 2 buy trades placed on Wed 19 Oct, both of them were shown on LSE as sells !

I can't see any negative reason for a sudden, and significant, increase in the trading volume. Could it be the other way around with the buys incorrectly showing as sells (as was in my case)?

Since it seems you don't deal that often, you need a broker that is low cost. I personally use IG (ISA) and II (SIPP) but would recommend Freetrade to keep costs low. Oh and one broker I won't recommend is Trading212 (I think they are not entertaining new customers anyway).

Please also add me. 64,483 shares.

Interesting point. Would there be any parties, other than Ganfeng, interested in buying out our Sonora JV areas?

Wonder what else will be disclosed, other than the results of the placing ofcourse.

Various valuations of either pieces of KDNC or the whole thing have been presented here ...... 40p, 60p, 80p, £1+.

Whatever the real valuation is, it certainly is NOT 20p. And it doesn't matter what WE (LTHs) think the valuation of KDNC is. Until the market concurs, we are stuck where we are.

So instead of throwing random numbers, I would appreciate some brainstorming on how to fix the issue. What's the missing ingredient? Lack of PR? Lack of investor confidence? Lack of published research? Lack of IIs involvement?

GLA

Deadlines for both IG and II is 16th Feb (tomorrow). At the current share price, it's silly to subscribe for the open offer. I've topped up in the open market, and will monitor price action till tomorrow to decide whether to subscribe or not.

Surely that relates to your basic entitlement only, as IG's deadline to elect is Wednesday 16th Feb. Until they have had everyone's choices in, don't think anyone can start allocating/diviing up the excess shares.

@Bannor
If its any consolation, a certain broker I am with simply doesn't even recognize the "Excess" part of the open offer. They have offered the basic entitlements to me, and have said that's it - take it or leave it!

I have never been a fan of this broker, except for their UI which I think is amazing, but that's about the only positive I can think about this broker.

Been wondering who took part in the first placing? It did say, "new and existing" shareholders, so I am wondering if the existing would be some IIs (who are they anyway) and some new IIs that have come on board.

Anyone have a clue?

Response from IG re taking up the open offer. Confirms the link Obs sent earlier on:
=====================================================================

Thanks for your email.

If you hold the shares in ISA account, then you should make the funds available in your ISA account.

However, in the case that you hold the shares in your ISA account but you have used up your ISA tax allowance for the tax year, you can give the instruction to take up the additional shares in your share dealing account instead and you can make the funds available in your share dealing account, then our Corporate Actions team will book the shares in the share dealing account as per you instruction, that way you avoid oversubscribing your ISA allowance.

If you have any further queries, please do not hesitate to contact us.

Just wait till you see who has the last laugh !

I also have an IG ISA and have received their email today. I think its an oversight they have said "money should be in the share dealing account" as it makes little sense - you get the entitlement shares exactly where your current shares are held (and ofcourse the money too needs to be in the same account).

I will email them for a clarification and revert.

So, what a day!

Having read today's RNS before the start of the trading day, like many I too was super excited. But at the back of my mind I thought, "damn the RNS should've dropped a few days later" - this to allow me to load up on my entitlement shares and possibly some excess ones too (yes I was feeling greedy!).

When there was no movement at the start, I wondered whether there were some latency issues with my trading platform and told myself, just wait a couple more minutes. I stared and stared hard, but nothing happened. To my utter disappointment, the SP didn't move. Arguably, today's news was the culmination of why a lot of us are here. For me personally, this should've been the highlight of my 9 odd years in REM/KDNC. And boy did I feel like all my conviction, recommendations, thought process, research etc. yielded zilch!

And so I'd been thinking all day today about what's gone wrong. And yes I can see the obvious oversight (some will call mistake) of the fund raise before the 20% news, which if the order were reversed would've allowed the share price to re-rate first.

But then I thought surely the board would've known the ramifications/impact of their actions. They have skin in the game (not to forget the 29p options). Surely they want to be successful and see the share price rise and get rewarded themselves. Surely there has to be some wisdom in their actions, which perhaps we will come to realize soon.

So ask yourselves, have the fundamentals changed? If not, then surely it'll all be fine. Look at the bright side, for those that can or want to take up their entitlements, 20.5p isn't such a bad price after all. It gives me a lot of hope that since the rights were announced, the share price actually didn't dip to, nor below 20.5p - surely that's a good sign.

If I've had the patience to stick with KDNC for this long, surely I can wait a bit longer.

GLA (and DYOR)

@CrystalBall - Sometimes brokers do make "school boy errors".

I've recently had a shocking experience with Close Brothers on BCN, who accepted the offer on my behalf without me having asked them to do so. The resolution worked out quite well for me in the end, but it took quite a bit of "educating" them on how to read RNS's - something I thought their Corporate Actions team should've known like the back of their hands !

This is very helpful, thanks Bannor !