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6 trades in 5 minutes.
Don’t normally get that in a month.
I finally got sick of these hanging around today. Hit the sell button around an hour ago, total proceeds £180. As I had bought and held in ISA's going back 10 years III told me the book cost of the investment, any guesses.
£55,000.
What will it take for this story to be fully told in the public domain ?
I'm sure they would all say "there is nothing to hide" so lets have it out there.
I watch with interest the docudramas of Peter Sutcliffe and Jimmy Saville and wonder when our 3 protaganists are no longer around maybe the full extent of the story can be uncovered into common knowledge.
All allegedly of course.
Morning All.
On the 11th of November we were informed that we had a bill to pay to various companies for services rendered in the sum of around £1 million. Normal standard working practice.
We were also told that the bill would be paid by issuing new shares at a price of 7.65. In my experience, when this has happened in the past, over the time between the announcement and the date when the shares are released to market, usually 7 to 10 days, the price at the time gradually makes its way to the exercise price.
The 3 days prior to the announcement had seen a small rally to 8.5, this reversed immediately and as expected we find ourself at 7.6.
So my question is instead of paying the bills using cash at hand, not having to report this to the market, and it just appears on the next accounts as a legitimate smallish business expense do we raise cash which results in damage to the market cap of around £36 million.
From where I sit it looks like we have spent £36 million paying a £1 million bill.
I also know that this cannot be correct and I must be wrong so I am hoping that someone can explain this to me to enable me to understand better.
Thank You.
Or maybe the GGP nomad will resign. fail to be replaced within 3 months. Assets transfered to Newcrest for a royalty, and so it goes on, blah ,blah, blah
So, its been a journey.
My investment upon suspension was £50,500. Today I can realise £1035 through the sale of my shares in Kendrick. I remember Colin Bird asking why we were so hard on Alex Borelli as he had negotiated a great deal for the BMR shareholders. Oh well.
For what its wort I think Kendrick will be bought out by JLP thus enabling them to legally take possession of the royalty and complete the jigsaw.
I watched a documentary recently about Robert Maxwell. Cut from the same cloth. All very disappointing.
Latest news.......just been offered £1109.
Wouldn't want to be out of this over the weekend.
Good luck all, its been a blast.
Got a funny feeling he will be voted off the board before he can work his special kind of magic.
Amazing how he gets the company secretary job at Greatland Gold.
A company with a worryingly similar story.
Got a funny feeling he will be voted off the board before he can work his special kind of magic.
Anything of any value will be taken away.
That’s what they have done before, that’s what they do.
One trick ponies.
Some might say it’s criminal.
Will the royalty ownership pass to Kendrick Resources.
If it does, and assuming on relisting Kendrick will be worth peanuts, will JLP then make a takeover of Kendrick thus making the royalty null and void enabling them to get on with monetising Kabwe.
If it does not pass to Kendrick I don't see how the apparently invisible royalty can ever be used to benefit the long term shareholders.
After 40 years of investing in various markets, I have never been a believer / fan of charting theories.
Again, after being here for 4 months and learning about "the lassonde curve" I thought , well that's not charting really, it makes complete sense and is quite clearly a pattern that has been repeated many times.
Using LSE this morning I brought up a 3 year chart and the pattern it made was almost identical to the shape which is produced on all information about the curve.
If my eyes do not deceive me, with a small continued rise we will be clearly in the "Finance resolved and Institutions arrive section" and the aftermath of these events is usually quite exciting.
All the best.
Be very wary of the ex Berkleley Mineral Resources board member.
Any company can make mistakes or be unlucky but when what happened at BMR in the last 5 years plays out it makes you realise how things can materialize behind closed doors and the shareholder can do absolutely nothing about it.
BMR should never happen again but until some kind of regulation is put in place then I fear it may.
Good luck to you all.
Dore123 withdraws his comments on Kabwe 20 minutes later further down the JLP thread.
As time goes by my hopes of benefitting from the royalty, and or relisting, and or being bought out by JLP / GLR, just to get back a few pence in the pound, wane by the day. So after giving up on this my second best option is to do as much to screw up the futures of the people that has contrived to rob us.
What is the most damaging way to use my proxy vote ? How can we publicise how we have been treated and share the story with JLP shareholders, GLR shareholders and the Zambian Mining Cadastre.
Losing everything is bad enough, but to then see the project succeed over the next 5 years really will be death by a thousand cuts.
Is there anyone in our group with the nous and tech savvy to organise a zoom call for ex shareholders pre agm to knock a few ideas around and to see what everyone is thinking. How many shareholders would like the chance to participate and share their thoughts and ideas.
I would love to know who you really are Stuee. Though I suspect I will never find out.
Thanks for the advice Alex.
Hope you have a Good day on Friday.
Regards to Colin.
Bearing in mind "we are valued at many multiples of our suspension price" already, I would gladly take 4-6 p for my holding as it stands today. Where do I sign ?