Member Info for joshing_man

You are the disruptive one. I have called for you both to be banned but sadly LSE admin prefer worthless chat to no chat. Go away and leave us in peace.

Why don't you guts just get a life. HT you were a P&D merchant banker. The fact you keep coming back like a dog to its own vomit says it all. This share is absolutely awful but the BB is even worse when the only topic is PI's insulting each other knowing they will never meet so will never need to hide their shame at what they have posted.

Time for this thread to end surely. Maybe you and Fishsheds can carry on by sending each other private messages or arrange a rumble somewhere. Fantasy lives are pathetic and the lies told on these BB's are quite incredible.

Now you have sold up and made a mint perhaps you can just let it be?

Alarms screaming, engines failed, final prayers being said.

Hmm OK makes some sense but I have always understood a loss to be actual - either realised via selling at a loss and more specifically that the income was lower than expenditure. That has nothing to do with the current SP of BCN or EMH.

Either way, things continue to look poor and the BOD continue to fail to deliver from any of the investments that have been made whilst creaming in the income. Just have to trust that they will eventually realise a profit from one or more sources (and not the mock one they made on disposing of BCN shares previously).

During the period, the Group made a loss before taxation of £4.60 million (30 June 2017: profit of £0.89 million; year ended 31 December 2017: profit £1.19 million). This was primarily due to a decrease in market price of our investments in Bacanora, following the overall trend in the market within lithium stocks.

How exactly does a reduction in the SP of an investee company impact on profit unless we have sold off at a loss? Sorry if this is a dumb question.

After the sudden huge drop the SP continues to be in free fall with no sign of any recovery and no urgency on behalf of the BOD to restore the fortunes of this ailing company.

Too late to bale out now so is there any hope of the engines being restarted or is the end now inevitable?

Good grief - I actually agree with Nolupus for the first time. Hate his negativity but this time the reality is the change should have been RNS'd.

Yet another snout in the trough and again on the remuneration committee!

Just don't expect any insightful answers.

Silence is NOT golden. The BOD continue to show total disdain for shareholders as they continue to take a slice while not updating on progress on ANY of the 'assets' or financing the future well being of this company. I am resigned to losing the little I have left here but frustrated and angry at their total callous disdain for us PI's.

.... but you still top-sliced? Not a criticism but a little surprising assuming red dot = good news.

As an aside, any view as to when we might get our reward for the SBTX spin-off? Would like to get an allocation prior to top-slicing (again!).

Another mouth to feed.

Nice premium. Oh hang on, want it 15p at the start of the week. Wicked discount and a cheap way for Solenta to gain control. Ouch.

As expected these results suggest the company is well and truly f***ed. Unless Mtfb or Polarean substantially increase their SP's there is little that can be done. An expensive flop. Invest with caution as even at these depths it is a binary punt at best.

He's been pumping UKOG on the ALBA BB too - I'm not invested there but was looking at various HH companies to see what was going on with them.

Cheers Frankie. Average is .81p. Always tempting to average down but think I have enough in here cost wise unless genuine signs of things being turned around.

I thought I would e-mail Kiran for some answers (previous two attempts ignored):

Hello Kiran

This is my third attempt to get some answers from you to help me understand why KDNC is in such a dreadful state despite being in the hottest investment area around? My two previous polite requests have been ignored and the SP has continued to dive, expenditure continued to increase, value of Sonora holdings plummet.

Please explain why we have completely messed up the Sonora opportunity, lost any influence with Bacanora and been completely sidelined in the JV's?

Please explain why we have decided to back an early stage 'opportunity' in Argentina whilst singularly failing to capitalise on investments that we currently have or benefitting long-suffering shareholders?

Please explain why you feel the loyal (but seriously peed off) long-suffering shareholders should be further diluted (no doubt at a ridiculous discount for mates) whilst you and your fellow BOD members put a paltry £1,000pm into buying shares?

It really would help to understand if there is any strategy in place to realise a sensible level of profit for shareholders rather than just for the BOD. There doesn't appear to be and the market certainly doesn't believe what has been stated as 'strategy' to date. History is clear. The last 4 years have been a complete disaster and the fall out with BCN has destroyed any hope of leading the Lithium charge. EMH is out of our control with the shenanigans of the Czech government but Hastings and Auroch appear to add nothing to the SP.

So, what ARE YOU going to doing about it? Are you going to let this company be taken out at a ridiculous price, sell the assets and close down, realise ANY profits and distribute them to the shareholders? Anything at all? Or just twiddle your thumbs, fiddle while KDNC burns, take your remuneration and options and freebies? OR, will you surprise us all and actually bring life back to the company and the SP and make us all happy. No longer dreaming of 25p or more but 5p would suffice to get me out with decent profit for all the grief and time held, never to invest again in a company tainted by the Lenigas Crew.

Regards and respectfully hoping you will respond.

I doubt he will respond and likely just platitudes if he does. We (I) do need answers and sooner rather than later. Of course, I only have 1.5m shares so small beer to many but got it off my chest anyway!

You asked the question and AJB and myself answered it. It isn't a surprise but the huge discounted SP and the lack of progress and clarity are a concern. Concerns will dissipate on clarity and solid progress.

Andrea Cattaneo, Chief Executive Officer of Zenith, commented: "The proceeds of the fundraising will be used almost entirely for our operational development, which remains our strategic focus given the scale of our asset in Azerbaijan. We have sought to keep the amount raised to the minimum necessary in order to mitigate the effects of dilution and enable the Company to raise more capital to support Zenith's growth at a later date with far more favourable valuations of its stock on the back of the strong operational results we are hoping to achieve. Our current share price presents a highly attractive investment case on the basis of our existing production, our 2P reserves of 31.7 million barrels of oil in Azerbaijan, and the near-term completion of our operations in the potentially prolific Zardab field." Further placing(s) to come when they run out of money. Hopefully some progress will have been made and the SP recovered to nearer 8-10p by then. Time for AC to get this moving as all the promises have come to nothing so far. No more excuses, time to deliver and soon.

Would love to sell but no point at this SP. Shockingly poor company with no PR and little to get excited about. How much effect will MTFB have on the SP when it does get going? What about the other spin-offs? How is the lawsuit going? What about our huge debt levels? I have invested in both but put too much in here and too little in MTFB. Hoping to get something from this in time but one for the bottom drawer. A punt at this price for new investors but that is all.