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Yep didn't do much for EG1 & will do even less for us ... they're still over 40% down from listing .... at the moment they're all talk & no action though to be fair .... need to get some drills in the ground before we see any real action/recovery for EG1 I reckon.
...there is a reference to Indo & their debt but only as a debtor ... Cadence aren't mentioned at all ... as I said it's just a summary of where everything is in respect of debtors & in relation to the JRP plan from what I can see ...
You just don't get it do you ..... Edison et Al can publish all the valuations they like, historically none of them have ever been realised or even close with projects planned and now in the bin, like director options @ the equivalent of £2.18 a share 🤣
our SP is the value of our direct holdings in EMH/EG1 & a few million for the potential.... because that's all Amapa is at the moment 'potential' & the market rightly values our Sonora asset at Zero currently ..... traders & the market want guarantees on returns not speculative assessments... and with our history who would take the risk?
Not gonna help.....
https://www.bloomberg.com/news/articles/2024-03-11/iron-ore-woes-deepen-as-inventories-in-china-keep-piling-up?embedded-checkout=true
"Dumping HAS was the right thing to do in the current climate as their loan to buy in to Neo has not worked out' at all."
Indeed .... you could be forgiven for thinking they'd even taken advice from a team of professionals with years of experience in decimating the SP for PI's 🤔😂
"I'll wait for @Bannor to express the disappointment in HAS....a few 100k profit after 13 years lol."
Indeed @ Dallas not quite at the $200M value Kiran suggested it could be worth eh!! ... hey ho but of course it's not our BoD's fault LoL #joke ......
More importantly though the RNS preamble said an update on our other investments & then the only mention is selling out of Hastings (who probably breathed a sigh of relief) and the Aquis cancellation (long long overdue IMO) & nothing else 😕
Now we've sold out of Hastings entirely (bye bye YANGI off to the historical bin with GL, Sonora (currently!!) Clancy, Aurochs, Celsius etc etc etc) how are we going to settle the Mezz loan repayments??? We may well have sold our other inconsequential Oz holdings as well who knows but hopefully we've held on to EMH which may rescue us from more dilution & debt in the coming months for now at least - otherwise there's more debt &/or dilution on the horizon.
DFS delayed till 2025 earliest (completion late 25/26) - not bad for a project they initially indicated they'd have back up & producing in 2021 originally PMSL
Unfortunately I've got other things to do today so unleash the mindless back slapping & congratulatory ramping commence or continue - as it actually seems quite quiet on here considering ....I wonder why 🤔😂
Hey Mr Cautious I think I agree completely I was chatting with the wife's auntie of a 3rd cousin twice removed from a HNWI the other day and they told me their distant cousin loved shares like this because even the realistic rational posters with years of understanding and experience of the BoD, historical decisions & performance were talking about possibly exiting IF the share 3 bagged from it's current SP .... go figure huh 🤣
.... why doesn't it surprise me you can't find the flaws in how things are positioned & phrased in the discussion... YOU are one of some who could probably listen to it a dozen times and still believe each & every word & element without questioning it... one of the many reasons I probably puzzle you eh 🤣
...call it what you like Degsie ....I'm just too stubborn to sell at a loss when Amapa might pull us out of the quicksand ..... if it falls through or fails for any reason though as I've said I'll crystalise the losses & move on...
.....what a load of poorly informed, incomplete or entirely misleading claptrap .... either accidentally or perhaps even intentionally for the gullible ....for someone claiming to be close to the BoD he seems to have very little understanding or accuracy of anything relating to KDNC's interests .... simply too many flaws to bother mentioning specifically but genuine holders here will know what they are ....
Personally I make my buying (& selling) decisions based on my own assessments of assets & potential rather than reading any of hopeful or wishful BS on these types of boards .... originally I bought in for the Greenland asset, then Sonora & now Amapa .... 2 down 1 to go at the moment.
Anybody who makes their buy or sell decisions based on the BS &/or rantings of posters on these chat boards needs their head examining end of.
...if you want a share price prediction go & read one of the many research notes you put so much store by ... I don't do them, don't have any trust in them & never have I've told you my plans for the shares I currently hold on an IF .....
....no I said I'm holding on for Amapa which still currently carries risks .... if that fails I'll probably cruystaliae my losses here for whatever I can get & IF the SP gets to 20p plus I'll sell qs I choose.... is that clearer .... of course I could say I'll wait for it to reach the director options instead but they've never previously got anywhere near any of those either ....
I don't post on boards I don't hold & don't post on all the boards I do so Yes - unfortunately for you I'm still a shareholder @ depresseddegsie .... I was holding for Sonora (& many other failures!) & am now hanging on with a 15p average for the outcome of Amapa so I've got many 100's K shares to sell from 20p upwards as I choose .... hope that adequately explains my position for you cos you ain't getting anything else ... until I'm out I'll post what I like .... Now where's that Gilby report valuing us at that equivalent of over £100 per share I could do with a laugh 😂
PMSL ... I don't get why anyone puts any faith or value in any valuations the likes of WHI & Edison who provide a rose tinted SP based on projects coming to a successful conclusion.... KDNC (& previously REM) have never EVER got close to any of the previous valuations for precisely the reason that it is all speculative .... we've previously had calculations based on various 'projects' that are now potentially worthless or failed completely.... the market values is at little more than the sun of our direct holdings in other companies for exactly that reason - until an asset is funded, built & producing it either costs money or carries risk.
None of this helped of course by the historic performance & activities of our BoD who've provided the thick end of failure, dilution and a dwindling SP whilst proclaiming success which no investor has benefitted from .... YANGI valued by them at $200M Sonora valued by them at $200M .... BCN, CLY, AOU etc etc etc the list goes on
EMH might provide a jolt pending the DFS & Amapa might provide an exit fingers crossed & I hope otherwise I can only see further debt & dilution from our Lenigas linked & appointed BoD.
...Now that's a rant Jimb2 but at least it's directly linked to, at & associated to KDNC.