Member Info for addicknt

you haven't already done so, have a look at the KDNC page and the thread started by TC. He's unearthed something which I think is of real significance and is very exciting.

TC, I think you may be right. In effect, the new vehicle would be to provide project funding for Sonora alone, which I guess would involve hiving down the asset so that the existing holders are diluted by virtue of giving up some of the ownership of Sonora, but Zinnwald would remain in plc and therefore not diluted at this stage. This would make a sale easier and, assuming it is as successful as we believe it will be, Zinnwald could be financed without the need for the same level of dilution. Whatever is the case, you were right...it has made me smile...a lot!

Can you please explain why shorters are responsible for the "dilution and bad finance"?

No. Normally you'd expect to see the financing going into the plc, with all of the appropriate cross guarantees. I wonder if it's a bit of forward thinking in as much as they would also use Finco for the separate funding of Zinnwald. In truth I'm struggling to see why this has been incorporated. I can't see any tax advantages, can you? In any event, it's been done for a good reason and the name gives us all the clues we need as to its purpose. Great spot, TC.

No. Just had a quick scan of the M&As', which all looked pretty standard. What have I missed, because it must be something?

Are you referring to Bacanora Finco?

MrC, absolutely right.

people on these bbs' will put aside their antipathy towards Mr Winnifrith and actually pay heed to what he says. He is not good at picking winners, but he is really good at revealing City gossip and fraudulent companies (I'm not suggesting UKOG is fraudulent btw) Wake up people. He worked in the City for years. He has many, many contacts and he gets to hear things that we don't. Don't simply rubbish the guy with stupid comment about "pizzaboy" etc, etc. He knows far more than most of you will ever know. It's your money at stake here, not his. Listen to the guy and stop being blindingly ignorant.

TC, not sure I'm smiling...nervous anticipation better describes it.

I've only just listened to the latest from our Great Leader and it seems to me that it comes down to two things: Do you believe him, and; If you were negotiating a deal with Prem, would you not simply sit back and wait for it to go bust? You'd be in the driving seat in terms of having done so much dd already and would be able to pick it up on the cheap. And what's to say that GR has not already had discussions along those lines? My residual shareholding is worth a paltry �3k. The debate I'm having is whether to risk this or whether to take my considerable loss on the chin. By the way, it was pretty obvious he didn't respond well to the criticism he's been subjected to. Poor dear!

I have no interest in this situation other than these pubs are my locals. Five Alls is okay and popular. Personally, I don't like it. The Plough is my favourite local. Great place, great staff and food. The Bull is terrible. Sebastian Snow is pretty good at what he does, but I'm not at all convinced this formula can be rolled-out. Mind you, if he manages to take a bunch of pubs from Arkells (the worst brewer in Britain) then this will be a good thing. He is facing some seriously good local opposition and success is by no means a given.

Hi Lisa, I wish I did! I'm very wary of the market at the moment and currently have over 50% of my assets in cash; which I don't like doing. I've divested myself of most divi yielding stocks and the companies I currently hold are much higher risk. I know this sounds counter-intuitive. I'm very long in the renewable sector and my biggest holding is BCN, followed by ITM.Clearly, these are not akin to FCRM, and are at the other end of the supply chain. However, I happen to believe this sector is where the future is and the momentum is only just gathering pace. Sorry I can't be of more help.

I've only been holding for about 3 months, having been unaware of the company beforehand. It's a fact of these boards that solid, profit-earning businesses that get on with their jobs in relative silence, rarely attract the type of fevered bb debate that is prevalent on the boards of dodgy tin-pot outfits. I like the nut and bolts aspect of this company and specifically it's position in the electric recharging business. The prospects, provided we can exploit our position, are immense and in my opinion,the trend is very much in our favour.

And a few chunky buys.

There is stiff competition, but if AIM added a category to their annual awards ceremony and it was for "Worst CEO Of the Year", he would definitely be in the final three. He would most certainly get my vote.

I'm so far down on this car crash of a company there's no point selling. To my mind, this is the last throw of the dice from our bloated, useless CEO and if he can't pull something off in the next two months it will be curtains.

A solid set of results, a strong order book,good cash generation and liquidity, and an increased dividend. This is not a racy company, but is very well positioned in a growing market and appears to be well-managed. Definitely a "keeper".

Art123...KDNC.

the lengthening of the Hanwa deal is of particular note. Otherwise, it's all very positive and reads as if he's 100% confident that funding will be achieved.

Exactly my thoughts.