Member Info for DanBrown83

Has it been confirmed by BOD or just interpretation because in reading it, i can't see how they can distribute funds they don't have which are for the development of LC I suppose if a Shareholders Meeting is called by end of March - we can hopefully expect a bonus

reading his post, i think he expects us to get 90% of the $14m AUD first tranche? but we don't have that and as per Accounts the $9.5m AUD is earmarked solely for Development of LC Anyway - this is way undervalued on LC only concern is the future dilution but if Institutions are paying a premium i am happy

If it is the LC funding agreement, i was of the understanding this was going to be in 3 years+ on sale of LC whereas 90% of what our 30% share is has to be passed to us Shareholders Hence why i keep saying in 3 years+, this share will be a lot higher than it sits today

can someone point me to this Shareholder Bonus RNS - i cant recall reading it?

its not a bad deal for company if SP goes up and we share in the profit, when funding is hopefully secured and we can move forward with confidence, the additional monies raised may in turn be enough to fund the rest of our deposit. What we need now is the news

Lanstead are the best i have seen out of a bad bunch All Equity deals are generally bad for the Compnay If it is Amur, then Lanstead were decent, a lot of people who jumped on licence blamed Lanstead for the SP declining, Lanstead had an agreement which had to be ended a couple of months after licence news, they buy with a scheme to increase SP, Lanstead and AMUR had an agreement at circa 7p, they let the company trade, grow and AMUR received a share of the profits from the sale of Lanstead shares The Agreement here looks similar - its a staged release depending whatever the SP is at, its not a set 0.33p where they convert and sell for huge profit if we get to 1p, this deal as an equity deal is decent

This isn't as bad as it frst reads: 1. Lanstead Agreement is a slow sale, if you look at AMUR 2 years ago, they only sold due to Licence and if the SP goes up we get more money 2. Directors Buys are in there 3. we knew additional funding for the development of the mine was needed due to the finance covenants, this really helps and the statement expects financial close for the mine this year. So really a bit of short term hurt but the prospects are still here (albeit still delayed) - if finance is agreed this year, how much of a multibag can we expect here

will be a big profit from losing Marina Drocol in the accounts (but thats not a good thing) and don't expect much in updates on any other project People will see the profit and jump in here - you might see a token rise to 3p before falling back to 0.4p based on minimal volume

i see a spike when released - going to be honest this share has zero value but it will interpreted wrongly, 2016 Accounts going to show a profit in the accounts of circa 20million Euro and i fully expect people to buy on that news before realising its actually worth zero, even i may buy to profit from the idiots

hmmm seen these in Amur in 2015, there was a profit share agreement with them, wonder if we have something similar or not???

i agree, but my isa allowance will allow me to invest further State of the company is terrible, if you take the cash in bank, our assets outside this is valued at £2m, so as long as one asset does well, we are all going to benefit This is a share for a long term hold

i hope so, took a punt here, seen these oversold shares too often, they are still a decent company and still have robust contracts and solicitors still use them so willing to take the risk here

Maybe look end of March to top up here, early April in new ISA allowance

There is one decent asset - LC is worth a fortune in 3 years + when all ready to sell (we will only own 30% of the rights) Big problem is everything else just seems to be draining cash and worthless and expect further dilution to keep operating Do i think MNC can be worth something in 3+ Years = yes Do i think this will go lower = yes Will i top up = at some point but not now

been on my radar - nice little gold mine and small jewellers its a very small operation but its a safer bet than going to Africa for Gold

its a 3 to 4 years for LC to come to fruition Very little going on of material worth until then. 30% of LC is worth a fortune in time

you also have to take into consideration, that if KBE goes bust - as it is a loan from Engel, they can put into there accounts as a bad debt and it is written off for tax in there accounts

Spread is typically too high here due to nature of where company is instantly 33% loss on any purchase makes it hard to get out - albeit at this level it is typically the low

New Director is from Engel We have always said the Tax Losses are worth more as a shell, company is worthless and it depends what Engel's plans are here - no one knows - its a risky punt on a failure if you believe a RTO will take place with ERD, and that KBE SP will benefit, take a punt for that reason - the MCAP is very low

if you buy on the fact of a directorate change and not read all the facts then you shouldnt be trading The Company has pledged the shares of Marina Dorcol D.o.o (the entity which holds the lease agreement with the Municipality of Belgrade) to Engel Resources and Development Ltd ("ERD"). The outstanding debts of the Company to ERD stood at €25 million as at 31 March 2016. If the termination of the lease is concluded, the Company will continue to have a substantial net asset deficit.