Member Info for addicknt

Like many of you, I keep thinking about what I should have done differently...apart from the obvious of selling in January.
I've concluded the biggest mistake was taking Secker's statements about funding at face value. At every stage he's made it sound as if it were a walk in the park. Indeed, before the abortive placing was even attempted, his previous announcement was that it was simply a case of tapping existing investors. Most of us assumed that meant BR etc, but clearly it did not. His confident pronouncements have misled us.
It is now obvious that the placing was a result of two things; an unwillingness, at that stage, of the existing investors to divi-up and an apparent weakness in terms of not being able to pre-place the issue in the market.
The placing was an absolute disaster and the advisors, as I've said before, should be given the heave-ho...and Secker's position looks pretty weak as well.

I might be wrong, although not by much, but I think the current price represents and all time low.

newboy, I think we know the answer to that, don't we?

bandit1, I think your comments about PS are accurate, in as much as he appears 'competent but not dynamic'.
Over the past few years my opinion of him has shifted from being highly dubious, to more confident and now back to dubious. His whole demeanour in interviews is one of smugness and I don't like it. He is most definitely not a public performer and always seems to be uncomfortable.
This is fine if your role doesn't include salesmanship, but his does. He has to sell our project and I sometimes worry about how well he'll come across to people.
Having said that, we must bear in mind the company has attracted some serious money and backers (never forget that), but I rather suspect that's due to the project and not Secker's abilities. I can only hope that on a one-to-one basis and when he's in front of potential backers, he ups his game.
There's no two ways of getting around this; this share is very much a binary bet. We get finance and we're away to the races; we don't and life will be a bit different.
Overall, my belief in the future of lithium, the nature and size of our reserves and our backers, give me the confidence to hold. I just hope i haven't got this horribly wrong.

Lefkosia, as Mr Earley would tell you, christians have been waiting over 2000 years for the Second Coming, what's a few years by comparison?
Interesting to note an element of reality creeping into the discussion here.

As a shareholder in prem ( sadly,I was under the influence when I bought), can I say I'd welcome a great deal more control being ceded to KDNC. Mr Roach is just about the most useless CEO I've encountered on AIM, and that really is saying something.

Sorry, meant 'teaser'.

Probably used as 'taster' document in the recent placing.

Good find, thanks.

Thanks for this obs.
Good to see a blue day today (so far) and interesting to note how few sales have been recorded over the past three trading sessions. Has the worm turned?

Just of out interest Squid, and whilst we're referring to people's previous posts, what happened to your £2bn valuation...or was it more?

the first time for a long time that we've seen a good number of buys. They can't all be Mullins, can they?

Had that deal still been in place BCN would have been in a far worse situation now. Thank heavens it's not.
BTW, Musk is straight- out barking. For once, I find myself agreeing with DL.

Good effort Mullins! Keep buying! If you can get the price back up to a quid I'll buy you a beer.

BTW, I'm obviously excluding Hanwa from this.

The information I received was that we'd received commitments of $35m 'from the London market'. The implication was that these were new investors.
This raises the question of what was going on with our existing investors?
We have been told on a number of occasions that we'd be getting extra funds from them, what happened? Were they in fact part of the $35m, or not? Yesterday PS went back to spinning the line of 'existing investors'. So does that mean those 'new investors' who'd shown their willingness to pony-up $35m have fallen away? Or will PS now be hoping to get the funds from the likes of BR etc, in addition to the new guys?
So, if we go back to the line spun by PS for ages about getting the money from our existing providers, why didn't he?
This story fits my profile of PS as never being completely open with the truth and that his obfuscation creates too much uncertainty. (Obviously, I allow for commercial sensitivity, but I'd like to have known whether we had in fact received support from our existing players and if not, how can he peddle the line that they will come good soon?)

Sadly, I've 'topped-up' along the way and one or two of my buys look distinctly unpleasant.

My sincere apologies, I must have mis-heard (confirmation bias?). At least my argument that a CEO always knows when he's being shorted still stands!
With regard to the mistake made i.e timing and mis-reading the market, I find this difficult to swallow. PS was fully aware of what was happening in the lithium market; it didn't suddenly happen on the eve of the placing. But more specifically, Cannacord should have had their fingers on the pulse and they quite clearly didn't.
I asked him about Cannacord, its role in the failure and whether we've paid them anything.
He only partially read out the question and didn't answer in full. The fact is, I blame them for getting this wrong and can only hope they redeem themselves.
I had also asked about NextView, which he did answer, but he ignored my question about the legal case against the estate of COE. This, I do not understand. Are we still taking action and if so, what progress has there been? Nothing, zilch, nada. Not good enough.
Again, many apologies for my mis-hearing...it must be age!

first purchases were in December 2014 at 47p. I never thought we'd see similar levels again.

Believe me, I share your view of PS and have been critical of him on numerous occasions; the foremost criticism being his lack of clear communication, which always leaves me with a feeling that he's trying to hide something.