Member Info for addicknt

Sorry, I was being facetious. We are all well aware of what is needed and have been for a very long time. It is no mystery.

Dj_crisp, are you being serious?

the good old days when today's level of buying would have sent the share price rocketing...let alone the buy volume of the past few days.
Damn Black Rock! Damn that Italian cheese bloke! Damn Canacord! And damn Secker for not tapping the markets when the interest was there!
Have I missed anyone? Father Christmas?

Jeez! Here's the answers:
1) yes, we are producing 10mt copper p.a and 40m oz gold.
2) didn't need a jorc, just pick it up off the ground.
3) We own all of Equador and have more gold than El Dorado.

Hope this helps.
p.s when you write the definitive lazy barstewards guide to daft investment decision making, please send me a copy.

the resolutions sailed through with virtually no one objecting to Resolution 10.

to BR, I think I'm right in saying they had approx 12.5m shares in total and we don't know how many they've got left. But we do know they must have sold over 6m shares at the very least.
So it would seem they were selling before the 4.5m was announced and this could explain the recent drop from 50p.
I wonder how many they actually sold?
Conspiracy theory: what if the 4.5m wasn't them and their shares had already been absorbed by the market? Or was the 4.5m simply the final tranche?

Someone has kindly produced the full report on the KDNC page.

Thanks for posting, groucho...a welcome break from the recent gloom.

Tell me about it, Bannor! An inspired sale and a totally calamitous buy! Oh well, we'll get there in the end...although I'm not sure where 'there' is.

Good point, Bannor.

Suggest you track back a few days and look at the trades. It's not as if it went unnoticed on this board.

4unme, they didn't sell at 50p.

The really interesting comment in this announcement was the statement that: "...completing the finance at the asset level".
This is a very clear indication of them attempting to ameliorate the size and dilutive effects of the fund raise.

Let's focus on the positives:
1) We now know who the seller was.
2) erm?....

I wish I was able to attend the meeting today, although I guess like most AGMs, it will be formulaic and any difficult questions will be met with the usual bland assurances.

Not good and confirms my suspicions. Mind you, I didn't think the seller would be BR. Let's hope it's already priced in.

absolutely, Jerry. It's either that or; 'shorts unwinding','just wait until New York opens', 'someone must know something', 'a mate down the pub has just told me the Chinese are coming',etc, etc. You get the picture.

Secker will know exactly who sold.
I wonder if there have been any ramifications following Mozzarella's genius comments?

Dallas, all significant shareholders have a legal responsibility to notify. The fact that the COE estate didn't, was either a result of ignorance of the law (quite possible) or was an act of wilful law-breaking. I wonder if they got their knuckles rapped?
It is inconceivable to me that a public company, or a fund manager, would fail to notify.
Look, it will happen, and the only point I was making first thing this morning, is that it's frustrating the rules are being stretched and that we are being kept in the dark over something which is quite important.

Yes, confusing, isn't it? The latest presentation gives their holding as being 2.3%. Who knows? However, if they sold their entire holding it doesn't really matter.

actually TC, that's a really interesting point. If we assume KDNC were the sellers (as yet, I'm not convinced) I wonder if they'd vote against the resolution to increase the share capital with their remaining shares? It would be futile, but we know full well they are capable of petty vindictiveness.
Ivy, they don't own as many as 4.5m anymore. At least not according to our last presentation.