If every share I bought and sold made a good profit, then every chance I am the richer person on earth. Win some and lose some, if at the end of the year, if I made a reasonable profit from trading, I congrat myself for doing well.
I loaded up here because I think the share will do well, for those who think badly of the company, why not trust your judgement, short the share and make some money?
Updo, Hope all is well with you . Tony is no longer the guy running the company. Darryn may not be a go getter, as long as he can deliver under DIOD supervision, if all go as planned, we inching towards production. We got good proven asset, for those who buy now, this has good profit making potential. I bought and sold for a substantial loss many years ago, now bought back in ,who knows, I may recoup my loss this time round?
There are claims that the virus could be started outside China, to find out the origin, all possible sources should be investigated. Spain was wrongly blamed for the Spanish flu, to prevent same mistake, Ford Detrick in USA and other possible sources must also be targets for investigation.
Virus mutates non stop, it is impossible to eliminate virus mutation, political blame game and finger pointing resolve nothing. When Covid 19 ended, there will be Covid 20, 21, 22...........,
Important to find out the Covid 19 origin, its equally important to learn how to successfully deal with pandemics when they happen. Sadly, all focus is on find out WHO TO BLAME. If you catch a cold, is it more important to find out where you got the cold from or to stop spreading the cold in your family or to your friends?
He look deflated because the new boys will push him out, his days for earning big bucks for doing little is coming to end. When he took over the company, number of KLG shares in issue was >300m, now increased to 2000m ARS. He said he will turn ARS into a billion dollars company, now 50m or less mkt cap minus 51% BKM etc. Don't forget he was the person who sold our small gold mine couple years back almost for free.
Ars took on the wrong guy, he wasn't the main guy in his old company's success, he was just a lucky passenger.
51% in JV plus 15% in Ars would be enough to satisfy Indo's 60% local investor requirement. Let's hope LTH see some decent return once mine in production.
Company is insolvent for long time02 Nov 2021 10:48
Anyone who have read the annual report in detail would have noted that current liability is greater than current asset.
By definition, current liability are debt needed to be repay within 12 months period. The AOI money was included in the liability calculation, the annual account was signed off by the company directors and approved by the company auditor, thus implied that the AOI money needed to be repay when requested.
I don't think the company has other option but to let AOI take its money and leave. Any legal action is just a desperate attempt to save the business.
AIMO, please do your own research. Glad I sold my holding and avoided a bigger loss.
Lucky for the company, it should have managed to raised enough fund to get through this tough period.
There are negatives about the companies too: Setting up a new production line carries some risks. The company is still loss making, the big increase in headcount and administration cost will accelerate cash burn. New contracts revenues are many months away. Brexit will cause logistic issues. Delay in closing new deals will give competition chance to win the deal back. Furnace consumes lots of energy, fuel shortage and high price is a concern. China, the biggest EV car market with top class R&D and manufacturing facilities has the capability of develop competing products. A country capable of developing some of the world most advance technology, stands a good chance of achieving this if it sees the commercial potential. etc