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Once again, no matter the insults, this was always so overvalued and the inevitable fall was coming.
This will drop lower than people hope, it always does post placing, so I reiterate my buy @ 10p for long term hold.
Good luck everyone but hold tight, it’s going to be messy!
Anyone that believes the market cap here is acceptable has had their head in a bucket.
This has been waiting a long time for a reality check, and now it’s started.
This will continue down, and the smart money is short I’m afraid.
Buy @ 10p or below for long term investment, and even then the MC will still be too high
Ivybush,
so if my maths are correct you have spent nearly £200k on KDNC shares?
Thats some major confidence you have!
My concern is not whether lithium is the next big thing in energy storage, as there seems no escaping that it is, my concern is the ability of this current BoD to deliver value from it
Agreed, those that shorted with their own stock and borrowed stock as they thought they could get placement shares, will now be buying back in, and would of been all day today, trying to buy in small chunks so as not to send the price rocketing.
However they won't care that the placing never happened, as the price is down and the stock is a bargain, so winner winner.
Bought more myself! Thanks for the fake book build, created a perfect buying opportunity!!!
Yes, in the world of PI's they would cancel it and move to plan b, but that's not the real world.
It is not a fixed price before hand, and they won't have a decent plan b, it is down to the offers from the big boys that already know where to pitch the offer by talking to each other.
Most Pi's get involved in an open placement if they are lucky, and thats the limit of their knowledge, but not many have the opportunity to get involved with a book build, so do not understand how it works.
Believe me it won't be a high price and most will be shocked at what they can get away with offering. I estimate no more than 60p! But feel free to call me whatever you like when it's not. I have a bucket load of shares here too, and bought more today in case I am talking out of my backside, but have some powered dry to buy more if the price takes another drop.
Having had the chance to be involved in a "book building" placing before, I am pretty sure the price will lower than everyone anticipates. They are basically allowing the large group of "institutional investors" to govern their own price by book building.
They send round the troops asking what price they would pay and for how many and the II's come back and say (in this case) I'll buy loads @ 55p/60p etc, knowing full well that they can currently sell their stock at 80p+
It's not nice, but it is exactly what happens, and has happened again here.
The only saving grace is that they do buy back and hold their placing shares, and the price goes back up again once real value is realised.
You may find a lot have already sold at a much higher price before they take their new shares!
It's the perfect playing field for those in the know with access to placings, they get to short their own stock, and buy back at a much lower placing price!
Yes, it seems that the company metrics are not in line with the "real life" investors that buy the shares!
All this talk about being up on investment, and yet I bet 99% of shareholders are well down.
I thought I did well buying in @0.5, but what a fool I look now!
Surely it does not matter very much about 9 or 10% in BCN if they have permission to add 365m shares? That will dilute the cr@p out of our investment won�t it? I know BCN will have cash on hand to build a mine after a huge placing of that size, but things never work exactly like that do they.
Good research! This is a very interesting development, and starts to seemingly put some reasons behind certain recent activities.
BCN price seems to be strengthening so they are buying before too late. They are not buying enough for it to be vote grabbing.
Yes, I to believe once things are revealed and some strength is back into the market cap, around $100m we will see some consolidation in the outstanding shares. 20:1 would be fairly good. Building on the next REM / KDNC chapter with approx 400m shares feels about right
This is getting very interesting now. "REM is in the process of changing its name to reflect it diversified holdings in the strategic technology materials sector." Reflects to whom, as Cadence doesn't seem to reflect anything they are into to me, so it has clearly been done for someone else for sure! Now is the time to get involved if you are planning to, as it is about to get very interesting I think!
Ok, but all the wonderful possible,scenarios being mentioned are not public knowledge and therefore he cannot act off the back of that information.
But surely Hohnen cannot buy or sell shares if he is in possession of any material knowledge that is not in the public domain. Regardless of whom he works for. I see this buying of shares as a good news move as it shows confidence in the long term prospects of BCN, but nothing more.
WTF is going on here, I have now been invested a long 4 weeks, and I have only made 2% with todays slide back down! I thought lithium was the new oil !!!!!!! It seems the lithium sector took a hit today for some reason.