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I bought last year at 28p on the hope of oil and now with all this it's less than half that.
I wonder if they can quantify how many barrels of oil there is.
I bought in over a year ago with an average of 25p
The value of the company was based on speculation.
Considering what we have found so far we should be at 40p easy.
https://youtu.be/1hVkB4AfocY
This was posted last month. Very positive
Last year I bought in here on fundamentals. I paid around 0.30p. At that time suay chin had started to subscribe for shares. At the time I did some research on them and found that this was set up as an investment vehicle so that it's multi billion dollar backer shangdon chemical company could get exposure to this lithium play.
At that time all I kept thinking was BUY OUT.
Now a year on they own 30% of KOD with assays almost complete and a jorc in sight I really do think BUY OUT.
As Sor B said 2 years worth of drills and the jorc about a month away. It's worth looking at the rns's every time there are assay results. You will read
HIGH GRADE LITHIUM.
If you put those together you get a jorc that will be transformational for KOD.
0.26 levels seen last year when SC had bought in to Kod. I bought in then only to see this plunge for no reason apart from the time it was taking for the drilling and hence the Jorc.
We are at last year's levels we should be at 0.5 pre jorc.
As Sor B said 2 years worth of drills and the jorc about a month away. It's worth looking at the rns's every time there are assay results. You will read
HIGH GRADE LITHIUM.
If you put those together you get a jorc that will be transformational for KOD.
0.26 levels seen last year when SC had bought in to Kod. I bought in then only to see this plunge for no reason apart from the time it was taking for the drilling and hence the Jorc.
We are at last year's levels we should be at 0.5 pre jorc.
From last year my average of 0. 28 is within reach.
Question is when to pull the trigger.
The jorc has got to be good as 90% of the assay results yielded high grade lithium.
I know we all have to be careful we don't get spiked out.
Arms has a 85% interest in PT berau and their shares are suspended. Looks like no offers until trading recommences in PT.
This could head towards 40s today. Happy holding
Correct the wording is expectant of an offer being made at any time. Watch out could be close of play today. Or even tomorrow end of day just before the vote.
Discussions with austrian banks 23% stake. Get them on side. And the rest is history. Good buying pressure so far.
Arms officials must be waiting at the doors or watching the phone. They are aa excited as we are that they had to let us know. A few may sell today but ACE is a serious outfit with big backers. Its time to hold your nerve. The brave will win.
Widjaja said Nat is a banker what's he going to do if he gets control?. How true what the hell has he done over the years? . Share price from £10 to 28p well done Nat.
Article lovr this line . An attempt by a banker to wrest control of a distressed asset that may never recover. Also Austrias raiffeisen bank is thought to be in talks with several buyers including the sinar mas group for its 23% stake in ARMS.
I read this as well and you are right this is a must read by all share holders. This explains the bigger picture. Now we know why a shell company ACE is being used to bid for ARMS. And the backers and numbers involved are massive. Now it all makes sense. Happy holding. Red dots will appear soon.
Could get burned later I reckon big buys coming towards close.
Going in to the weekend ACE will approach arms and place an offer on the table. Monday morning rns could be a firm bid. Then NATS refinancing meeting will be put on hold. As a former Bumi holder from the £8 days I have lost a fortune over the years. Even with the special divdend payment of £1.15p I am still at a massive loss. I see no hope of decent returns under the current management and the outlook for coal. Hopefully a bid will be formally announced and at least get something that can be reinvested. Under the current arms I see years of pain as well as years of refinancing or more rights issues making this a real penny share.
Go on the link and read it may clear up why this is at 26p and not 15p
Look at previous post go on web page it says 48 hours from yesterday
Fin alternatives the web page www.finalternatives.com/node/30550 correction to the pprevious