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If the announcement is not made tomorrow when the 60 days is up, KDNC will have missed the biggest, and one of the very few deadlines actually given on the Amapa project. Whilst I have no doubt whatsoever that it will complete in time, I'm concerned that missing this particular deadline will not inspire confidence from potential investors.
My interest only mortgage came to the end of term last month. My bank have been very understanding otherwise I would have had to sell a big chunk of my shares to pay it off. Others may not have had such understanding banks. I have until Jan 31st, here's hoping !
If I read it correctly the EGM on Friday is to remove directors and the "subsequent appointment of new directors". Taken from today's RNS, the last paragraph, 'Upon completing the US$ 6 million investment, Cadence will have the right to appoint two members to a five-member board'.
Could we be going to 27% on Friday ? If so it really would be D-day !
Jolanta, yes I do remember all of those things, and no I was not one of the "tic tic boom" brigade, but like most who were invested in those days, I was hoping. I am simply suggesting that 9p higher than just 6 weeks ago is a little on the pessimistic side considering the Amapa reality. I know quite a few people personally who need £1.00 to breakeven as they were not in the fortunate position to average down as you appear to have done if you'll be happy with 40p. Save your ranting for someone else.
If you were not currently invested in KDNC but were watching, researching and therefore aware that any day now there will be a transformational RNS and a big spike in the SP, why would you wait and not get in now ? Last monday was just a taster with 570+ trades and proof that the watchers are out there. I know AIM shares are off the menu for many fund managers so I doubt they're responsible, day traders to a small degree. So who is it that is still not convinced and will cause the HUGE spike, (hopefully !!), which will happen any day now ??