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Should be fun in the morning then and maybe some of us will get close to or above our averages! Didn't expect that this morning.
Yes to some extent. Sonora was the one most LTH's hoped would be the catalyst to double digit SP. Shares in BCN have been mostly sold off but we do have JV's but they must now be long term strategy unless something major changes. Cinovec is EMH and that is excellent except the Czech government has caused a major issue and slowed progress. It is the same area as BCN's Zinnwald mine. Auroch and MacArthur were always seen as long term peripheral plays but as has happened today they are good holdings. Greenland is on the back burner. San Luis is the new strategy but even that has changed (see recent RNS). In theory we have a lot going for us but we have been failed by the BOD over debt and placings and the BCN debacle. Today is a little step towards redemption but is a great RNS.
True but maybe some good news from EMH before too long will ease that issue!
No I think they still owe us a lot more than today's lovely news.
LSE is such a crap platform! More software glitches to frustrate their users.
Cadence Minerals Chairman Andrew Suckling commented: "It is gratifying to see that the confidence of the Cadence management team in its investment strategy into Macarthur Minerals means that our company can now participate in a transformational take off agreement between Macarthur and Glencore, one of the largest mining conglomerates in the world."
"We congratulate the Macarthur Minerals management team on achieving this key milestone."
Looks as though Suckling was right about take off! Long may it continue and bring back the halcyon days of REM.
Yep still here Barksy1. This along with our other previous fringe investments could save us. Doesn't excuse lamentable performance over BCN which isn't a laughing matter.
Note that Suckling was quoted not KM - any reason as usually KM? Hope that h is right that the off take is take off too!
Yes EMH has become our focus but that is more due to the fact we screwed up the relationship with BCN and have been forced to sell BCN at a loss to cover repayments. That is not a good investment strategy or something that KM should crow about.
Bannor - I asked KM about the average buy and sell price of our BCN shares last week. As usual he hasn't replied. No doubt he was not impressed at being asked to justify his and the BOD's performance and how exactly the new strategy was adding value to the SP or even if he and the others would like to step down! The man has no shame.
Will this guy ever make a good investment decision? Will he ever do something that is for the benefit of ordinary shareholders rather than his own pocket? Time for him to explain how he and his cronies are going to help get KDNC into a decent position and monetise the assets it holds. Will he ever stand up and admit his mistakes and apologise? Or will he follow the lead of Lenigas? Frustrated by this share and the lack of nous shown by the BOD.
On a positive note, maybe the SP will start to go up and we can all start cheering?
Hardly a crash and still nearer the 3 month high than low.
Have no idea why it is down but may simply be the MM's creating a market or the dynamics of buy/sell volume.
Wondering whether now is the time to top up though.
Yet another sudden and severe drop in the SP without any communication from the BOD as to what (if anything) they are doing to ensure the company stays afloat. Shareholders here have been well and truly shafted.
So how low will this go or how long before it folds? Any news in Q1 2019 for MTFB will surely now have a very limited impact on the SP here.
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!