RE: Share Talk Cadence Minerals13 May 2018 23:47
Evening all..... whilst having our differences of opinion on many things one thing I do agree with is that there's more 'potential' upside in terms of PI returns in KDNC than BCN..... accepting that also more risk in terms of what is the BoD are going to do next to undermine, diminish it or worse whilst we wait for our interests to be exploited.
I'd also like to see some flesh & bones behind the 120% returns indicated as to where this figure comes from .......disregarding the reported sale of BCN shares at 70p hailed as a triumphant exercise of our 'financial & mining expertise' & profit not too long after purchasing 4&1/2M shares at a pound a pop....
MMS.... current 5.5c (just in the last couple of weeks) warrants exercised at 5c = +10%
AOU... current .09 KDNC stake purchased at .10 = -10%
Which pretty much leaves EMH to the rescue currently 37c original buy in @ 8c .. that's cool x4+ ... a top up at 18c still a good upturn x2+ ... oh but wait a minute our biggest purchase $2.6M at 52c a share..... that's not so clever currently is it?
So where is this 120% return � looks like more smoke & mirrors from our significant financial expertise section... happy for you to now indicate where the 120% return is based..
That's not to say of course these investments don't have the ability to provide significant upside at some point just that I don't see where this 120% return comes but interested to understand how it's been made up (& I don't mean fabricated of course)
I've not included the CLY or LGC shares as they were gifted due cock up or debt.