Member Info for JohnLaw

Checking the accounts for total shares in issue I see the LSE and ASX mkt caps each account for issues on both markets (despite what it says on the LSE site) . So total mkt cap is GBP 123m, which is less than the indicated value of the dump operations, so no value is assigned to the rest of the business. What am I missing?

of operations at £140*m to £170*m vs total market cap of £240m (LSE + ASX). Anyone got a value for the near-surface resources? * adjusting for, say, 20% discount for 26% minority

They need to refinance and restruture those huge short borrowings. Still, that is more the banks' problem than the company's. Where is the 1H review due in "mid-September" ?? The jury must be out.

retire!

JORC resource declared for the Volspruit project (formerly Grass Valley) including the declaration of a maiden measured resource for the Northern orebody: - 1.15 million ounce PGM (3e) measured resource (Northern orebody); - 2.44 million ounce PGM (3e) indicated and inferred resource (Northern and Southern orebodies); together with - 87.8 million lbs nickel and 25.6 million lbs copper measured resource (Northern and Southern orebodies); and - 174.8 million lbs of nickel and 51.5 million lbs of copper indicated and inferred resource (Northern and Southern orebodies); http://moneyam.uk-wire.com/cgi-bin/articles/201009290708314888T.html

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Has anyone noticed this wee gem generating profits in the background? Revenue up 11%. 1H profit steady at £1.4m. Give it a share of unallocated expenses and it made £1.25m, X 2 = £2.5m for the year, X a modest PE of 5 and it is worth $12.5m versus total company market cap of £2.9m. We just need to break even on the rest of the business, which management expects to be achievable and the whole company is on a PE of 1.2. I am buying at these prices. My only doubt is why management isn't.....but then they never did.

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wee nudge.

http://business.scotsman.com/business/Havelock-Europa-unveils-Prescott-as.6510585.jp Seems like a hard man - just what is needed - see also http://www.thirdsector.co.uk/news/Article/1005180/Leonard-Cheshire-chief-Eric-Prescott-quits-amid-disagreements/ perhaps we can start to go somewhere now

how about today?

are my buys (at .430 and .435)

they can't issue shares below the nominal value by law. they could have done a 1 for 2 consolidation but that gives no headroom on the next fuundraising. You just ignore the deferred shares (they are valueless) and the share price will go up 20 times, other things being equal. Simples. I just bought 1m for 0.43 = 8.6p in new money, less than the price the placement subscribers paid. These guys sell what is more or less a non-discretionary product. Every terrorist/ ram raider/Greeen lobby atttack adds value (God bless em). All acronymns apply.

I want more of this nice little piece. Do I jump today or wait till tomorrow.........? IWill fear or greed win? Last chance tomorrow!

Landkom International PLC 35,000 tonnes of rapeseed sold forward at approximately $318 per tonne Landkom International PLC (AIM: LKI, "Landkom" or "the Group""), the Ukrainian producer of agricultural commodities, has completed the forward sales of its rapeseed crop, with a 17% increase in price over the average rapeseed sales price in 2009. Landkom has forward sold a total of 35,000 tonnes of rapeseed. It expects these forward sales contracts to be equivalent on average to approximately $318 per tonne ex works, ($382 including VAT), after the deduction of delivery costs. On a comparable basis 2009 prices were $273 excluding VAT. Average contracted sales prices before distribution costs and excluding VAT will be $337 ($405 including VAT) per tonne. Landkom will receive and retain proceeds inclusive of VAT. All remaining harvested rapeseed in excess of the 35,000 tonnes forward sold, will be sold on the spot market once the harvest is completed and exact yields are determined. It is expected that rapeseed harvest results will be published in the second half of August. Vitaliy Skotsyk, Landkom Chief Executive, commented: "We are very pleased with the levels of pricing achieved. Given uncertainties in export VAT reimbursements, we have been successful in achieving a strong export based price inclusive of VAT whilst the local prices remain depressed. "We have held back a material portion of the expected rapeseed harvest for sale in the spot market and expect to benefit from any positive movements in the market price for those volumes. "With the estimated 35% decrease in production costs and the substantial increase in sales price compared to 2009, we are confident that the 2009/10 rapeseed crop will be Landkom's first profitable crop."

When did they rate it a sell? Per Digitallook the last broker note was in June 2008. They did rate it a sell.....when the price was 120.73p. So they were right!

Trades are buys. Some of them are mine

below the ask. The only trades today are my top-ups. I feel an uptick coming on....

Half year trading update Landkom International PLC (AIM: LKI, "Landkom" or "the Group""), the Ukrainian producer of agricultural commodities, is publishing a half year trading update for the six months to 30 April 2010. Spring planting of over 18,000 hectares continues and is expected to be finished by 15 May. This is in addition to the 21,383 hectares of winter crop planted in the autumn of 2009. Landkom will publish details on crop planted by region on completion of the spring sowing programme. As announced on 14 April 2010, the Group's crops emerged from winter with minimal damage, despite widespread losses of approximately 30 per cent across Ukraine especially in rapeseed, which is Landkom's primary revenue crop. The crops remain in good condition, although it is too early to predict yields. Costs for the crop planted for harvest this year are in line with the management's target, which is to reduce operating cost per hectare by at least 35 per cent compared to the 2009 harvest. These were for rapeseed $1,153 per hectare and winter wheat $842 per hectare. Storage is an important area of the Group's assets, providing flexibility around crop harvest and sales as well as reducing operating costs. As part of the review of operations, which has taken place since the replacement of the management team, the Group now has 55,000 tonnes of storage located around its seven modules. The Group has also made arrangements for plastic sleeve technology to provide additional storage capacity, if required, at the main Krasne silo base for maize harvested from Landkom's western operations. Further storage and drying requirements will be met through lease agreements with local silo owners, if needed. Plans for the sale of the harvest are underway and the Group's sales team has started targeting customers, from both the domestic and international markets. An analyst site visit is taking place around the Group's western operations on 11 and 12 May 2010. No material new information will be made available on this site visit and presentation materials will be posted on the Group's website (www.landkom.com) in due course. Vitaliy Skotsyk, CEOcommented "Our operations are progressing as planned towards harvest with costs under very tight control. The mix of crops harvested over a number of months will ensure our storage resources provide maximum possible coverage for our own produced crop, whilst also giving us the potential to generate revenues through providing third party drying and storage services."

Digitallook.com