Member Info for Bannor

Currently sitting on a paper loss of over £350k on the shares purchased at 70p from Cadence for half a mill.... & I'm hacked off at my paper losses !! .... LoL ....

@Dallas - wishful thinking I reckon!!! Just checked back through results & can't now see how we're doing anything more than sell down to finance the loan repayments.

Having been so against the Iskander deal from the outset I'd really be interested to know what the overall cost & damage it caused - but then I guess that's a great demonstration of the blend of mining & financial experience (nee expertise)!! in action eh... "forgive them for they know no better" LoL

No Ob - if you've got a copy/recording of it listen to it again.... he definitely mentioned 25p but I think realising that it was probably inappropriate to discuss BCN's raise price coughed & spluttered about it probably being up to 30p or 35p as I recall..... but the mentioned price that I & (it appears) the rest of the market found alarming was the 25p mentioned - there's nothing wrong with my hearing or my interpretation of what Kiran Minigas said - you want to infer otherwise I suggest you do so by pointing everyone to where the source evidence (recording not transcript) is for doing so.

If you ask me the Cadence BoD seem, in my opinion, determined to keep BCN's price suppressed at the moment at what appears to be a cost .... I also wonder what they're doing with/what's planned with all the funds they receiving from the continual sell down & reduction in our direct holding .... pay off remaining Iskander deal/ keep BCN's price down to take part in the funding at what is now going to be possibly less than 25p (co-coordinated &/or planned attack on their SP to do so - including dropping in 25p in the Webinar?)

Maybe the Minigasses (&/or Kiran Minigas alone) got into so much hot water over the webinar he/we were directed or required to sell down as a punitive measure to avoid other actions / punitive measures.... after all It's not often you see a CEO of a company trash/undermine the SP of one of their investee companies is it .... & not so long after undermining our own.

Careful - don't start now .... you know it'll only get you in tribble

Indeed Ivy at face value it does appear the 70p deal was perhaps a good move & absolutely necessary to pay down debt (& cough wages!!) - although part of me does wonder:

a) if we hadn't been forced into selling & still held circa 15% of BCN whether they would now be where they are.

b) what impact & signal the announcement their 'cornerstone investor' & JV partner had just dumped 50% of their holding at a significant discount (as it was then) to the existing SP, having only relatively recently paid a pound a pop for 4.5M of them - albeit whether that was to thwart, undermine their plans &/or to support our pathetic TO attempt.

Essentially if but's & maybe's but there's a catalogue of poor decisions made by the Minigases IMO but by far the most significant was the Iskander deal... much of what has transpired since & our continual decline may not have done in my opinion

My watcher is telling me that a trade of over 12M happened much earlier this morning at midpoint which hasn't shown up yet ... so I'm expecting a delayed trade to show up later - now I've got something to look forward to.... :-)

Incidentally in the now 'lost' webinar prior to Christmas Kiran Minigas said that there'd be good news shortly ..... perhaps he meant we were all going to get a Turkey for Christmas!!

LoL - I can't remember everything on my own :-))

Now where's Obs to list all the positive & good things the BoD have done or put a positive spin on everything I've listed .... additionally I do wonder what the cost to us overall was of the now Lapsed Greenland licences was whilst we had them - wonder what'll become of the one we have left !!

The Iskander loan fiasco

The complete & utter joke of a BCN takeover bid

The Leogang farce

The Prem deal 'oh wait' no deal - fortunately!

The 'quick route to income' San Luis millstone (see also LRS:ASX) is it still alive

Paying 10c for Auroch shares now worth ???

Paying an average of 65p for BCN shares been/being sold in chunks down to 20p

Paying an average of ??? for EMH shares which are now worth 17.5p

Announcing in a webinar that we were overvalued @ .5 or whatever it was

Announcing in a webinar that BCN were going to raise significantly from about 25p

Following Gobby around & generally buying into his failed fads as good trained Minigases would.

Oh sorry of course none of this is their fault is it, just their mining & financial experience (nee expertise) is about as good at an investment strategy as us PI's when choosing the right time to invest in or sell down something.

Still they're earning their well deserved salaries for us eh!!

Cheers.... indeed after BP now Shell ... I like that they're thinking/talking of themselves as being energy providers rather than petrol/diesel stations .... seems like increasing partnerships of significant global players in both vehicle & fuel/energy solutions starting to dominate - now if Secker can sell up the whole shebang for a couple of Billion that'll do me nicely ....

Thanks for that ... nice find Mrs B - were you aware of them already or have you just come across them?

... & yes your broker is able to deal with your requirement to declare....

The onus is on the investor, it's only really the investor who has full knowledge of the level of their direct & Indirect share ownership in a company, you could have accounts with several brokers holding shares in the same company for instance.....

That's why companies confirm the total shares in issue occasionally as required, necessary or when making new issues of shares which increase the share capital (SCAP) under placings, incentives etc or indeed a reduction of shares under a consolidation or buy-back & removal from the register...... they do this by stating in any such announcement:

For the purpose of the Disclosure and Transparency Rules, following the issue of shares detailed above the enlarged issued share capital of the Company will comprise ?????????? (No of issued shares) ordinary shares with no Ordinary Shares held in treasury. Therefore the above figure of ??????????? (Total No of shares) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in ............(name of company) under the FCA's Disclosure and Transparency Rules

Oh & 1% of 28.58M is 285,800

Reporting your holding is required at 3% ... 3% of KDNC is 235,543,200

Thousands to hundreds to tens .... lost hope & interest a long ago...

Gobby promoting Winnifrith as a 'who to follow' ... I nearly choked on my curry .... what an absolute sh¥ster - take your pick either of them fit the bill as far as I'm concerned.

:-)))

Indeed Bryn it's available to see if you're prepared to pay for it however most aren't (including me!!) .... this whole platform is littered with comments like 'my buy showing as a sell' 'my sell showing as a buy' by posters who don't understand what they're looking at & the timeframes involved between a transaction & the reporting of it if you're not paying a premium....

Anyway - this is not one of my investments (looked at it a couple of times but not ready to put money in) so I'll depart & leave you all to it...

There's 15 mins between the trade occurring & the reporting here.... if the price moves in that 15 mins buys can be reported as sells & vice versa - simple

Hmmm I think you'll find that's close to the 'total' if all the shares were issued under all the resolutions approved....

516M open offer
77M under the additional connected to the OO (£15k nominal par value)
750M under the Lind finance authority (£150k at nominal par value)
1Bn under the non cash acquisition resolution (£200k nom par value)
36M shares issued to Lind as collateral