Member Info for Bannor

.... nope I got nothing ... a placing was most likely as announced in yesterday's RNS making reference to the July 20 RNS where they indicated funding for drilling at RHA by PREM as a possibilty....

The placing is only below yesterday's closing price & up on last week's .... (pricing could have been finally agreed yesterday though - although I suspect in the pipeline already for some weeks waiting for the response they announced yesterday)

That's only a comment - I have no interest in PREM & what happens to them in regard to the SP & RHA have nothing to do with KDNC ... although if I was considering a buy in now would probably the time - just my thoughts though ...

I would have thought it obvious it would be counter productive & unwise to announce how much we're selling coal for in an RNS for a number of reasons ......especially while contract negotiations are ongoing....

This is a good RNS in my view, coal sales almost double from May v July & rising further, on going improvements, 2 excavators working & long term supply contracts under discussion.

With the doubling of coal sales more monies are coming in & there's no mention of a shortage of funds or funds being required so just maybe we are or are becoming self funding with scope to improve ..... wait for interim/year end results for the overall cash position, flows & profit/loss accounts as a whole number rather than telling the entire client base who might be paying a bit more or less per tonne & starting off a flood of demands for a keener price & rebates.

I'm good with this at this point & expect a small rise on the back of it.

Getting a bit of a battering ... much more volume today but down at CA$0.025 some 16% down on the day currently....

I'm not sure that Simon Said is referring to a comment about BCN necessarily but wonder if there was a separate comment made about BCN & shorting - however as said it can only be assumed to be correct in respect to the level of what would be subject to reporting thresholds.

All good fun eh

Cheers Addicknt.... caveated by 'that he knows of' of course !! ... he wouldn't necessarily know of any naked/uncovered shorting (that's the point) or even conventional shorting under the reporting threshold.... it was only ever discussed as a possibility - I'm kinda hoping they'll get the funding required outside of an equity placing now - did he shed any light on how the remaining funding was progressing?

Not really wanting to be the pin in the Balloon (again) PREM's SP is of no direct benefit or detriment to KDNC & won't be indirectly unless it's due to positive results or progress on ZULU via MAUCO as when if we proceed with that deal...... the rise today is based on news in respect to their RHA tungsten project.

But then - there's no 'Rush' I guess..... weed be better taking things Sloe .... at least that's what the Mrs keeps saying

Hay MB that really is the last straw - I may have to bale

Morning Mini... good to hear from you....

Hmmm nothing supporting a ASK over .2 yet but plenty here & on NEX at the bottom of the BID .... be prepared to hold your breath Frankie ... we might get swamped by a wave or two yet in the not too distant.. :-)

Amidst an ocean of red a blue lifebelt with KDNC written on it .. at the moment ... can anyone see land?

OK I concede that one it's fainites where mines was only pretending to be a gesture of truce!!

You can have the last word .... or have I just had it??

We've probably done this to death now & may indeed have reached a point of completion ... it's a new trading week in 20 minutes & I don't particularly want to continue this discussion into it - as good as its been.

Feignights. :-)

Obs this is directive 2004/39/EC .....article 2 clearly states the following are excepted from the regulation 2.1.k is reference to market makers:

https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:32004L0039&from=EN

Aside from this the links you provided are 'guidelines' not law but ignoring that have you found anything that defines 'significant' or 'brief' in the context of point 23 & yes I am asking that as a question & it's not rhetorical....what is significant 1% 3% 10% & what is brief in terms of an listed company 1 day 1 week 1 month a quarter.... the rules are not tight enough & I think that's where a lot of the Angst expressed about them is based - it's open to interpretation & abuse ..... in the attached for instance a 'significant' shareholder is defined as holding 25% ……
https://www.ft.com/content/0fb6cea2-22f3-11e8-ae48-60d3531b7d11

Obs - my take on it is that MM's have exemptions from reporting percentages of short positions & trading in 'uncovered/naked' shorts.

If they're naked they either have to buy eventually (possibly at a loss) or they need to engineer / make available a rights issue/placing for which they've gained interest & got buyers .... the MM makes the difference between what they sold the shares fir & what they pay under the rights issue .... isn't this what Lenigas has been banging on about for so long & Matt Lofgren announced had been offered to him?

Do you not think that at a stretch that could be considered 'making a market' especially if no-one's selling much & you can control the bid/ask whilst keep dropping the odd Million share naked trade into the market over a period of time to flatten rises until the time is right & you have enough million share trades under your belt?

Don't know if this will work but you can check the names of MM's & authorised dealers here (if it works) all the usual suspects are there including Cantors, Cannacord & WHI (didn't we just recently appoint them as broker as well as Nomad?)

https://www.esma.europa.eu/sites/default/files/library/list_of_market_makers_and_primary_dealers.pdf

YOU'VE GOT IT WRONG (as far as I'm concerned)

Conventional shorting is where you have already borrowed shares or have determined that shares can be borrowed.

Naked/uncovered short selling is the practice of selling shares you have neither borrowed or determined they can be borrowed - for which market makers have exemptions on both the ability to do it & the percentages at which it is declarable.... as I d how can you declare you hold an xxx% short position if it's naked & the shares you've sold are not (YET) part of the SCAP.

Market Maker Exemption:
Market makers (and authorised primary dealers) have some exemptions from both the short position disclosure requirements and the restrictions on uncovered short sales in shares and sovereign debt (in relation to their market making activities).

Huh... a naked short is an uncovered position - the terms are interchangeable in trading parlance as far as I'm concerned .... like Heifer dust & Bull s#it .... well apart from the sex in the latter LoL

For example I give you again:

https://mobile.twitter.com/mlofgran/status/1024238481608978433

https://www.lseg.com/markets-products-and-services/post-trade-services/unavista/regulation/short-selling-regulation

Market Maker Exemption:
Market makers (and authorised primary dealers) have some exemptions from both the short position disclosure requirements and the restrictions on uncovered short sales in shares and sovereign debt (in relation to their market making activities).