Member Info for Fozdog

2020 was peak qe, we were at the highest stimulus we’ve ever seen so I don’t really think it’s comparable. Stocks are in a bad place right now, therefore I’m not banking on that sort of recovery even with brilliant news such as proven resources and mining.

Same as you John, so disappointed with progress here but even more so the updates. When your sp has been battered you need to make a much better effort. The ceo comments were weak and did absolutely nothing to give conviction to the market.
I won’t sell it as always prepared to wait long term as originally stated and Iv offset cap gains so can use this when need it next year. However I can’t blame this solely on the market, I actually have a serious issue with how this is being run.
I said from day 1 they needed to sort gf out, either sell the stake or force them into a capital raise. They did neither and just like the sp get absolutely battered.

This is the problem, znwd always touted as the “next Europeans answer to mining li” and a lot of investment here was driven by where this was based over being a stand out resource. That included potential agreements with likes of vw or other miners close by….
The fact they are talking about using old mining tunnels and getting the agreements in place…why hasn’t this been done?
Why are they not talking about ANY avenue of costs or possibilities of agreements with other miners close by just shows how woeful it’s been.
I agree with John they are sitting on their backsides paying themselves well. Iv not looked at the cash burn but £6m doesn’t feel great to what I remember (not looked up yet).
They are making out being slow so can get it right and proving resources but the market doesn’t care less. How they are going to fund this without a big partner of some Ilk? I can’t see this being funded by pis or even institutional unless they get a partner agreement with vw for eg onboard?
Forget the eu concern on being a hazard resource, everything is including oil so I don’t have concerns that’s the issue.
Even if was it’s being declared a national resource over the world and china don’t care less so the eu will end up losing more production of its cars to China if not careful.

It’s cheap but it’s going to remain cheap until the market turns which seems distant at the moment or some material change with politicians. 2035 is a joke should be 2025 with regards to cars, at least aim for 20% by 2025 and incentive to get there.

Yeah I mean every message board is quiet and unless there is “mega” news like m&a, all good news gains are getting wiped out all over the place.

My word they are slow, that’s all they’ve achieved? They really need to buck their ideas up here especially in the face of an sp that’s fallen nearly 50% from their recent raise

Hi Bonkers, honestly don’t blame you for clearing out anything to do with Secker! I refused to get involved in kdnc that everyone touted due to Mexico so similar vain.
I think the equity raise wouldn’t have been an issue had it not been very similar to bcn…DONE WHEN MARKET IS THERE FOR IT. Bcn did exactly this literally let the price drift down then cap raise too low. That last 45p raise was rank, it was clear that was dropped to get intuitional in on the cheap then sell to Gf.
Hi I don’t believe that’s the process here but either way they are running it equally as poorly.

I honestly don’t get some of those advising these companies or the cfos, why didn’t they cap raise back in Jan when bcn money was clearly looking for a home?
It was clear then that 22p was a strong valuation and good time to get capital in.
The prob is now This reminds me of bcn 25p days, is there a horrid capital raise coming at a rubbish valuation?
I’d have cap raised in Jan and forced gangfeng to be diluted or forced them to put cash in.

They really need to have some decent at the agm because as of right now it’s like znwd is gone in the wind, no one is interested in it. Doesn’t mean it won’t come good but it’s just a drag like bcn was.

It’s actually very poor they’ve done nothing to address the share price even if it’s to release an update. The last one we had was early March about provide viability and the fact they’ve had nothing to say since then is poor imo.

Sorry Gary I agree with expat here, I mean were you asked to send it? I would assume not.
Also have you taken the time to think about a company using this report and how they work?
You just said a “team of researchers” therefore in theory you are providing them critical or paid for service in this case research would could be seen as gift or solicitation.
I wonder how it would work for their compliance or tax implications.
If they ever used that research what’s to stop you asking for payment? Or one of your team moving and asking for same?
Did you specifically say “I gift you a report that we’ve done, we expect no recognition, payment or anything” etc.
To not invest/top Up because you didn’t get a “thank you” is a bit shortsighted.
I can tell you that every comment you made about it being mba, certified by your manager etc my company would not even consider accepting this from you and ignore the email, forward onto compliance.
I wonder if you have complete clearance from your own firm to have it given away for free? Did you have the right disclaimers on it?

Cashflow not disagreeing with you re markets and a lot are suffering…I just think that also means positive news has a much less profound impact in these markets and as John said protecting v bidders therefore gets harder.
Getting investment from investors is harder, huge drop in IPOs this year, lack of performance on those that have come and lack of t etc…money is v sticky atm and requires a decent amount more to be captured.
Run of the mill News doesn’t just fix the sp here really needs to be material.

John agree with a lot what you said, they’ve actually been one of the poorest in communication, timescales, development etc and above all addressing the fact the sp is getting hammered.

Maybe it’s Secker, hammer the share price down, do a cap raise then sell it on the cheap?!

The risk reward is very decent at 10p, but until they’ve got some actual plan or news to share I’m starting to question are they actually doing anything day to day?!

And further to that you don’t buy the “premier” asset as all you do is push lithium prices up and valuations up on yourself. You go where can make biggest bang for buck quickest and work with a glencore or Rio if needs be.

Buffets focuses are on many different things, bill gates moved focus from Microsoft/computers to vaccines years ago, doesn’t mean these Companies can’t still operate.
If he thinks they need to own a mine they will.
Doesn’t matter if it’s not bhl it’ll create a bidding war with other miners wanting to take our juniors as a new entrant would be in market, then do vw follow suit given they stopped taking ev orders back in March?
Before you know it you have a fight for junior miners and that’s where all of them that are credible can rally pretty hard.

Hey John, totally agree requires thick skin, more cash and a large bottom drawer where a lot seems to be going in! I don’t think we will get another raise at low dilution but I can’t say I’m happy with developments or news flow here, sitting on nearly 50% loss on some buys but hey ho could Amazon down 35% ytd!

Hey Twohits don’t you owe me a bottle
Of champagne for the raise?!!

Blair thrower, totally agree I don’t want just mindless bullish ramping and welcome all views.
However mindless ramping also goes for negative repetitive rhetoric from posters that only occur when they’ve sold.

A balanced opinion is exactly that balanced.

Your issues were FD, EA and then inter company - you’ve just moved on each rhetoric and made it more “material” as one’s been crossed off.
Like below you’ve said “won’t be buying back in on inter company” however previously it was also FD & EA.
As SG said, the previous fd wasn’t liked by the company clearly.
As you said it’s your money and I previously said good luck to whatever you invest in but I have said 4-5p is the right recovery on news flow for this stock, you sold and we’re quite happy to bash it saying it’s going to 2p because it fitted your rhetoric.
So whether you believe it or not subconsciously you are here because you sold, you want to keep an eye on company to see if was the right decision.
That’s all fine but don’t try masquerade it as something else.

A more balanced view would be “Iv got most the news flow wrong and 4-5p is prob right price now, however I’m concerned about funding and inter company loans stifling growth so for me to buy back in I need xyz but I appreciate the company could grow and do very well from here if xyz happens.

As an investor take emotion out of it, swallow the pride and with the recent news flow resolving all those previous issues, absolutely they should be buying back In.

Seagulls I totally agree with you, for those that sold stop hanging around for a personal satisfaction to prove yourselves right.
However if hanging around as think/realising got it wrong, you have the perfect time to buy back in. News flow turned positive and 4-5p will be tested at some point soon, not sure where else offering 30-60% returns in short period.

New cfo, seems capable- honestly selling because of few factors and one being a cfo change on a company like this was one of the worst investment decisions Iv heard.

Not concerned one bit by epa technicality nor finance director going. Seen plenty cfos go in my time especially ones incapable of getting onboard a growing company as just don’t have the same vision.

Ha yep it’s not British land plc is it!
Not sure Uncle Sam be that happy with mining companies owning all its land also…
There’s absolutely nothing in the rns to even talk about, it’s a little snippet update.
I mean don’t get why you even bring up bhl like it happens any other way?!
Funny enough we have issues with the same and councils and epa in U.K. also…like 99% companies formalities