Member Info for K3VMC

Doris arrived empty.

maddog38, the platform WAS super, the technology was brilliant and used in Tesco Bank, Santander, Lloyds to name a few. What we DIDN’T know, and neither did most of the main players know either, was that there was a slimy low-ball offer being negotiated for six months.

You were right about the management, but wrong about the company. Nobody likes a troll, but I forgive you now.

Barksy1, Doris is 40 minutes from Santana.

Yes, in Monetise. Would have been ok, but for lying scum management.

Barksy1, I’m just speculating. KDNC can RNS whenever it wants, especially if it thinks the share price is reacting to media speculation.

I can only ask the question. Perhaps KDNC will respond to my “media speculation”?

https://twitter.com/k3vmc_invest/status/1298918945697796096?s=21

I thought Doris was coming in for a load?

Wyld system is why I invested in Tern, everything else is a bonus.

Every UK business should be installing Wyld. It can be used to monitor and improve safe social distancing in the workplace, but more importantly for business, it can prove their diligence in protecting workers health.

2-2.5K tonnes concentrate is a massive achievement in a COVID riddled world.

Youcan also add in 2,000oz Au and 15,000oz Ag credits.

jefff, this is my takeaway from the Hardman paper.

“ Valuation: Near-term earnings, and dividend progression, do not reflect the long-term business outlook and are likely to be highly variable. The Gordon Growth Model implies for a long-term profitable growing business, a value above book (2019 tangible book value £40m, market capitalisation £16m).”

So, LAST year’s book value 2.5 times market cap. Call that 15p share price for starters.

33% until end Q2, then 11% of 25k tons of Cu concentrate, 27koz Au, 117koz Ag. Those were Capstone figures, when they were winding down operations, so I expect them to be bettered in this FY. Production was lower in October and November, but got up to speed in December.

Minto gets 75% of the spot price of gold for the first 11koz, then it drops to about $350/oz for the rest.

Compare mcap of PERE(£2m) to KDNC(£15m).

I hold KDNC, which has holdings in a couple of miners, but whose main asset MIGHT BE a mountain of iron ore, sitting next to port in Amapa, Brazil. It had a placing this week, to raise working capital.

PERE has 11% in a mine that cost $350 to build and had $6.5m spent on it last year to bring it back into production. As it ramps up, the offtake partner Sumitomo pays out 90% of the purchase price of the monthly production, every month, with a balancing payment made three months after delivery, at the prevailing price, So PERE had regular monthly cash flow and will now benefit from the big uplift in copper prices of recent months.

Both companies have their attractions, but PERE is stand out undervalued at this price.

safety, the setbacks are obvious, including the grant, which was always going to be done at a Spanish x Council pace. Now it’s Spanish x Council x Covid.

But they are setbacks, not showstoppers.

As L200 said, the 4-5pm’s target May be delayed by a year.

L200, in the absence of a get rich quick scheme, I now have a get rich slowly, but get very rich scheme.

If WRES takes and extra year to get to my 4-5p, I don’t care.

Ok, I care more than you, because you have no holding here. Always happy to have the benefit of your opinion, but I’m staying invested.

yoey2000, if you can’t see them lasting much longer, you owe it to yourself to cut your losses.

If there was no product, no production, no customers, no cash, or no source of credit, I’d be first out the door.

golfpro99, I absolutely agree with you. We need to sort out production and debt first. Of course 4-5pm’s is years away, BUT given that there is tungsten outside of the current JORC, and given that the current JORC is 49m tons of ore, containing about 45m kg of tungsten, then I reckon 4-5p is achievable within LP.

There are further assets. Trolls will tell you that wres is a gonner, of course. Time will tell.

Skwizz

"He went on to say that he believed the reasons given for rejection had no legal support and would ultimately cost the council £250k in appeal court costs and the rejection would then be overturned anyway."

"Ultimately" is what I invested for and all I am interested in.

If SCC chooses to waste taxpayers' money and portray themselves to the world as harumphing dinosaurs, then that is their choice.

Ultimately, they will choose to pass the application, or have that choice made for them by others.

it's all in the RNSs.

1 x £75k buy
3 x £20k+ buys
3 x £10+ buys

5 x £100k+ sells

Resistance becoming support.

Nobody throws £75k at UKOG as a punt.

safety, this is August, in Spain! I would think it unlikely to get anything from Junta de Extremadura in a non-pandemic year. Now, I think chances of that are slim to none.

Maybe we will get PDMR buying? How about a salary sacrifice, or at least salary paid in shares?

Most probably, we will have to wait for the Q3 figures. We should see an improvement, for sure, but Mr Diaz has only been at LP for a couple of months, so I will give them until Q4 to really get things moving.

I fully expect WRES to be 4-5p on LP alone, and I'm talking about the current JORC at LP. Nothing factored in for the extensions to the current mining area. This is a mid-tier mining producer in the making, even if we have to scrape through the next few months on less than expected income.

Correct, as they have already shown.

They have also shown that they are parochial, geriatric nimbys, who could not organise a what's name in a doohah. Their chaotic burblings have already been seen by hundreds. Do you really think SCC will want to air that all over again?

As their own counsel pointed out, there were no legal grounds to reject planning. "Florence in the hairdresser thinks there will be noisy lorries in the High Street" is NOT a legal reason to refuse. SCC will lose any appeal and be forced to pay costs, at a time when council income is suffering. Add that to the original planning fiasco and they will look like country bumpkins.

HMG wants to get the economy up and running and is alive to failings by Local Government.

Anyway, those hydrocarbons have been in the ground for millennia. As long as we get them out of the ground, I'll be happy.