Member Info for Borchardt

Thanks guys.

Anyone able to explain why exploration costs are so low at £107,000 vs admin costs of £900,000. I would have thought that more would have been spent on exploration.

Good work TerryM. I have also been in touch with II again and I am happy that Corporate Action team are doing what they can.

I have been in touch with the registrar who confirm Interactive Investor tried to settle a few shares after given date theregore all II holders are affected and no II holders can receive payment until issue resolved. Shocking. I assume if AJ Bell and Hargreaves holders have not received payment yet then they are in same boat.

Wheres my money II ?

Hoping that funding issue was given priority ahead of positive resource estimate in order to make funding look more acceptable prior to good news that may push up share price.

Broker not obliged to update retail cliwnrs with this update. Probably did so to stop constant queries from clients who cant read announcements. Anyway new date now advised for payout so small worry out of way.

My amateur calcs. Can buy at 6.66p to get 9.275p nav. Current nav discount 28.2%. If you buy now at 6.66p and get overall 3.5p redemption net price paid per share is 3.16p. New nav will be 5.775p after deducting 3.5p from 9.275p. New nav discount therefore about 45%.

Even if there is a further 25% discount on further redemptions from nav you should still get 4.33p further redemption proceeds.

This would give you over 35% profit if you buy at 6.66p. Factor other negative thoughts and costs as you see fit.

SP fallen to 10p bid so with 18 million shares now in issue mcap is equivalent to last years profit of remaining asset. In a perfect world SP would have stayed at around 40p but unlisted shares have little appeal to retail investors. Tried looking but cant see if remaining asset up for sale. Anyone know?

Think sp fall is overdone. Directors have taken various actions to support sp without success. Hopefully pendulum can now swing the other way. Topped up following previous partial holding stop loss .

Fact that Cantor have taken large stake suggests to me either they or somebody they are acting on behalf of believe remaining asset is a worthwhile investment. Even more so now with current miserable share price. Surely there should be a complimentary holdings statement for whoever sold. From memory largest investor held about 23%

Both really. Delists next month with remaining asset and some cash. See zoolook message below.

What a debacle this is. Was Keir Starmer involved?

II accounts now creditted with balance shares after buyback. Sold now. May buy again if price goes silly low.

Movement of 10% results in 5 minute auction. Time and sales info. suggests closing price stated is a bit high. We will see Thursday morning.

Dont buy any more Centaur. X date gone for partial redemption of 48p a share. Share price will inevitably fall after redemption.

Been buying these last 2 days. Wind up costs and fees seem excessive. Think there is about 25% upside as wind up slowly rattles along over next 2 years. Maybe more if nav and costs of wind up already taken into account. These shares with large discount to nav never as good as they seem when they liquidate.

All sorted via ADIG wind down. 0.5p divi due next week followed by share suspension and 14.5p payout. Possibility of a further very small payout early next year. Moved onto AERI now for similar wind down. My initial rough calculations are for about 25% upside on current share price over next 2 years. Would normally expect more based on nav but the wind up costs seem steep.

...pretty safe.

Beats the bank and at least you know in this market your money is pretty