Member Info for ElectricLion

C'mon now Surrey. I think you're letting your disappointment get the better of you. In any case, the future ought to be of more interest than the past, and MTL has one. CNR does not.

I wouldn't put it quite as harshly, but I think it's apparent he has no better idea what's really going on than we do. So we may as well keep our own council rather than relying on his.

I have little sympathy for those that clearly feel as you do, and yet take no action.

Addressing your point, as far as I can see, remaining finance is project-level dilution, not PLC-level. In other words, they get a percentage of the TK mine, rather than discount shares. Either way, no-one gives you that kind of money without wanting something in return. So the question becomes, do you want the mine built or not?

Fair enough. Even so, the same is true in reverse a lot of the time as well. Plenty of perma-bears around on Kefi as well. Taking a step back - it's human nature, and the reason why the stock market itself behaves as it does - over-shooting on both the downside, and the upside. That gives us all the opportunity to make some money. Whether we take it or not is up to us.

"So the timelines harry misses we need to take with a pinch of salt

But everything that's said positive , it's complete gospel until it's not met and then it's salt again while ramping the next ridiculous harry statement"

Directed at me, since I'm the one who mentioned salt? If so, perhaps you should direct your ire elsewhere. I assure you I use my own judgement in the case of rampers as well as derampers. I just have neither the time nor the inclination to attempt to counter everything on the internet I disagree with, that's all. I scan, and then immediately mentally discard, the vast majority of what is written here, that's for sure. Take that any way you like.

Behind what? One of the many previous timetables that we should all have learnt to take with a bucket of salt by now? Meh, so what. It is what it is. I think we've all got used to HAA's "optimism". We just have to build that into our own expectations. Point is, it appears to be moving now.

Yes, indeed, there's more there than just the main La India open pit. I anticipate something like Calibre's hub-and-spoke model in due course, with smaller, but probably quite high-grade, feeder pits contributing significantly to production from the main open pit.

You are not filtered, yet. I do question why anyone would invest significant time and effort on a stock they are (probably?) not invested in, but your points generally have some merit.

It's pretty simple in my view, Artar wanted to move faster (ie, spend more, and more quickly) than Kefi could really afford, at least not with TK delays. So it's neither Kefi wanted out nor Artar forced them out, it's just about the money. As they say, turnover is vanity, profit is sanity and cash is reality. Well, we don't have the cash, not without even worse dilution than we already have to put up with. So we are pretty close on that view I think.

If we could have kept both, without catastrophic dilution, that would obviously been the ideal, but you have to play the hand you're dealt at the end of the day. And, while I can't say whether this is HAA's plan/intentions or not, the possibility of no further dilution is certainly a silver-lining, even if you're unhappy with the exit from SA.

The Saudi sale is a bit of a distraction in some ways I feel. The real value of the SA sale is that the funds, if not squandered, ought to mean little to no further dilution before TK production. That's where the real value is IMHO.

I find that the market tends not to give cash-in-the-bank much value in terms of the MCap, as it assumes that the cash will get spent, one way or another. Which is fair enough, as it usually does, as it probably will, at least in part, here as well.

I also think that it may take a few months yet for the deal to be concluded. It may not, an RNS could land any time, but so long as we get the cash before the bank account runs dry again, that'll do for me.

Every time a CNR shareholder moans about getting a raw deal, MTL shareholders should just smile smugly to themselves. After all, if CNR shareholders think they aren't getting a good deal, then MTL shareholders should think that they are.

It's all a temporary aberration anyway. We'll all be MTL shareholders soon enough.

They also say that when burgers are two-for-one at the supermarket, to buy more of them...

Claims "disciples" are "well and truly Stockholmed". Also continues posting 3+ years after selling out.

Says it all I think.

As the holder of 2% of the company, you must surely be aware that while the idea seems tempting, it would not do your investment any favours at all. What folks fail to consider is what would happen next. So, great, you've moved Heavan and Earth to get HAA out. Now what? Well, nothing will happen quickly, that's for sure. 3-6 months of turmoil just to sort out the new BoD composition for starters. Salaries will continue to be paid over that time of course. Unlikely in the extreme any bank or government would sign anything while all that was going on. Then, when all the dust settles, you've got to get someone better for less. How many folks like that are there just wandering around twiddling their thumbs looking for something to do? Not many.

Be careful what you wish for.

Find something else to do with your time for goodness sake! (Yes, I know what irony is, thanks for asking).

Dilution is never popular, but do get a grip. We have cash, we will have more from SA (perhaps not quite as soon as some would like - if it was "imminent", the raise might have been smaller, or skipped altogether, but the gears are clearly turning).

TK will be signed-off soon. If you don't believe that then what on earth are you doing here at all? To save us from ourselves? Please. More like you just can't move on, even though you know in your heart you really ought to.

So, cash in the bank, SA sale underway, TK closure imminent, plus a pipeline of other prospects. What's that worth? More than £35m I'd say. No ramp intended, but some claim to desire balanced debates. Well, in that case, how about toning down the misery a tad and start look forward to 2025 with a least a smidge of positivity. If you can't do that, then for your own good, as well as the rest of us, please do sell up and move on.

While I am positive on Kefi, I work in the tech industry, and so, to an extent, am aware of how the sausages are made. I wouldn't trust any AI with a single penny of real money. I'm more than capable of losing it on my own! lol

Volatile shares are exactly where stop losses / sell limits fall down IMHO. The limits aren't guaranteed, so in a fast-moving market, the price of your trade can end up being some way away from your limit price. Plus, they can be triggered (arguably intentionally) by the MMs spiking the price up or down. In that case, your order goes through, the SP goes back to where it was a moment later, and you're out, whether you like it or not.

I do sometimes use trailing stop losses to guard against failing to sell during a long, slow decline following a strong rise, which seems to happen like clockwork on many AIM shares, but even so, they're really just enforcing something that disciplined investers should be doing anyway, which is setting targets, based on research, and then sticking to them.

I don't disagree adamsmithfreethi, but the thread began with a question about tax, which is not the same thing as value. Long story short - you get taxed on what has already happened, not what may happen in the future, no matter how confident you may be in the outcome.

Yeah, but that's not how you'd tax it Ace. I concur with ddd. From my reading there are two approaches: 1). attempt to value the CVRs at the point of the transaction. This is virtually impossible, and is essentially a matter of negotiating with HMRC and/or some decent accountants. This seems like it sould be the approach if the CVRs were transferable, but these are not. Thus, the only remaining approach is to value them at zero at the point of sale, and then in the tax year where funds from the CVRs are paid to you, adjust for the capital gain you'd already submitted in a previous year. Not sure of the precise details, but this is what I intend to do.

For each CNR share: 9.9p in cash, 4.0526 MTL shares and 1 CVR, worth anything between 0.0p and 11.1p, in a few years time.

At the share prices mentioned in the RNS, that works out to 33p in cash and MTL shares.

https://www.lse.co.uk/rns/CNR/recommended-offer-for-condor-gold-plc-xc43t1q2ircsgng.html

Thanks. Good to know. I generally assume people in that kind of position won't reply to personal emails, and if they do, it won't really be worth any more than the official line, but maybe I'm wrong. I guess if you don't ask you don't get!