Member Info for Daceon

I does make sense to hold on to EMH until next year to take up the 49%.

Nor surprised it was oversubscribed. Sure just dilute us a bit more while you are at the trough. Should have sold EMH.

Just reading over some of this evenings comments. So much truth in what is being said about the placing. Why a discount of what was a low market price anyway?

Maybe it was necessary at this time. Maybe it was to pay off a favour. The simple truth is that we may never know.

What we can be pretty sure of is that every RNS is carefully worded to keep us as in the dark as possible and that no-one at KDNC cares if we make profit or lose our shoes.

We can only hope that the company is canny enough to make enough profit or have enough potential that bigger fish will pay us more than it cost us for us shares.

Nothing would surprise me about the shenanigans that are going on while this deal gets finalised. Im still happy that I'll make a good profit, especially on the offer shares which I will be snapping up

I was actually laughing to myself because as soon as I wrote that the price dropped lol Who can possibly know. The only thing we can know for certain is that our research gives us the best possibility of making a good long term decision

HFB today is looking good for this legging up .

Normal action has been that MACD crossing has seen a massive sell off but the price is holding fairly strong throughout the dips. I get the feeling that it isn't being pushed/held down anymore, for whatever reasons that was happening.

Traders sold out probably, price has held, 1m MACD crossed could fly

I have been watching KDNC and dipping in and out for about 2 years ever since I first heard about the Amapa deal.

There have been many delays - indeed it has been a source of great frustration for many of the holders here. the word imminent brings a wry smile to my face as I write it.

Things are changed now however. There were parts of the financial agreement out of the company's hands. They were so fundamentally important to the company being returned to life that to buy a part of the company would have been ridiculously risky. These financial arrangements being resolved became a requirement for the company to be purchased.

These financial arrangements have been resolved. The paperwork for 20% ownership is with the court. That will rise to 27% and could rise to almost 50% within a year or so.

The local government is right behind the company getting back up and running. It will means lots of jobs for the local economy.

KDNC is at heart a company that has green energy as a priority. We can be hopeful that they will try to build a mid tier iron ore company that is responsible and manages the impact of mining in an ethical way.

They own approx 10% or EMH which is quite likely (very likely!) to be a major player as a central European supplier of lithium to major European car manufacturers.

They have JV interests with Ganfeng that circumstances seem to be leading to a realisation of value sooner rather than later.

They are currently valued at £37m. Amapa being signed puts a fair value of:
Amapa 20% $600m impaired value of the mine say £80m on asset ownership while not producing - this £80m could easily be annual turnover when up and running
EMH 10% ish £10m actual cash value
Other interests? Who knows but the possibilities are there so say micro cap miner with a JV with a major £15

Fag packet total: £105m
70p short term value estimate on signing.

Good news about Ganfeng? 5x in 2022 does not seem unreasonable

Rewatched the Art "falling off his chair interview" today.

They took 6 months to check the data and do the geological research to back up this find before they announced it.

Whether this is 5p now or 50p is irrelevant unless you have pawned you family heirlooms to be in here.

JV either arrangement or through the CUDA deal is inevitable I feel. Either that or a full buyout. For us that leaves the pence behind as a bad memory.

Hahahaha nice one everyone :-)

At least we still have our sense of humour here in the COPL trenches :-)

Yes I do intend to go with them/take them with me.

However she might just clear out the bank and take the dog :-)

Mate we are all trying our best here to make a good future for our family.

I'm not greedy.

A small apartment in Spain for my wife and the dog is the dream.

Am wouldn't be lying about the find. Huge game changer.

The asset will be pumping 5k bopd oil happily anyway in 6 months - game changer

Either we buy CUDA or a nice rich major comes in as a partner - game changer

Patience. And I'm talking to myself here :-)

There have been some gut wrenching moments with this stock for those of us who check in multiple times a day. Such a disconnect between fluctuations and fundamentals.

Timeframe is all important here. Buffet had it right - patience, patience, patience. Fundamentals don't really affect 15min charts or tick ups or intraday prices. They play out over weeks and months and years.

I fear that the price here could go back into 20's short term. I am more confident that it will be £s in a 1-2 years with the possibility of special dividends more than todays share price.

But can I control my fear and my FOMO?

Lots of trading, lots of volatility no news.

Knowing that things will work out in the long term I am sure that many are fishing for a few extra shares by doing a bit of trading here. There was a nice 5-7% free shares this morning if you took the chance. Otherwise the best thing to do would be to come back at Christmas.

There is just nothing at all can be done. You could try to follow the trading patterns but you would need to be at your computer watching the buying/selling really closely. It easy to say with hindsight that it's being traded/shorted in the 33-40 range but thats selling at 39ish buying at 35ish. It's a good solid 10% + for those with the skill to trade it.

I'm just going to hold as things being to work themelves out over time. Two weeks ago we hit 17p. Now bottoming at 32p. In a month? Post CPR? Pipeline laid and good flow results? These pennies will seem irrelevant.

YM that really made me chuckle. :-)

The CPR is what will change everything here in the public domain and wider market perception of value.

I have no doubt that right now Arthur is doing the groundwork for a JV or financing. This is the guy who spend new years eve 2020 wrangling the deal for the financing of the Atomic takeover. He has focus.

When those two things hit the market this will explode.

Arthur doesn't really do leaky leaky from my experience. He does seem to answer some PI emails, but the ridicule this is met with has probably put him off doing that. Atomic came completely out of the blue. So do the placements lol but lets hope that is a thing of the past. We will have no idea when the CPR or JV will hit until Art slaps every shorter and critic in the face with the good news.

Today - Art will not be sitting around wringing his hands. He'll be ringing his old friends, doing deals and living for the day when the mkt cap here hits $1bn.

Still holding long.

Any profit I make here will end up going on Valium.

2022 is going to be some year.

Trading is a very reasonable strategy however I think this might just be a bit too volatile to be sure it will stick to a range

I wonder are they fishing for stop losses at the previous high?

Even taking into account placing shares I speculatively think £1.50 here wouldn't be a big ask with the potential in place. I actually think we could bag any day. The POO and the news filtering through to the likes of Motley Fool. It will only take a couple of institutions or individuals to want a stake to decide to get in early before another fortnight of 10-20% rises.

I'm trying but I feel to see your point. If you are an investor and don't get excited about this discovery it's time to open a cash ISA my friend.