Member Info for K3VMC

So you sold some at 200p, but kept some, thought about buying back at 93p and did, or didn't, now you are selling and getting out if this 'ol 'ell, 'ole at 71p. Ok. Better luck next time.

Joshuar 18th May "think it's time to buy back in?" Confused? How could you have sold at 200p, if you were out and asking this question at 93p?

It can be frustrating sometimes, when stocks are spiking up around us, to see little action going on in our picks. But I'm trying to think like the IIs, rather than the PIs. £17.5m invested at 80p here, surrounded by shorters,the sp is more than 10% LESS than they and Edi paid in the last fundraise. Now they have enough cash to get to ebitda positive, it is just a matter of time before this kicks off. When it does, we will be the guys selling into the rises, while the PIs are chasing the price up. The accumulation phase is when to invest, NOT the distribution phase.

eggs, this is just a normal trading range, if I can use the word 'normal' with all the shorters around TUNG! As always, I jumped in too early ay 73.5p, just for a trade. As always, it could turn into a holding, but I'm happy with anything around this price, long term. Mr Market may not like the RNS, but Mr Hurwitz is here to do a job. If that means butt-kicking, heads rolling or the odd promotion, he's going to get that job done. I thought he was a bit wet and soft-spoken, but it appears that he carries a very big stick.

ericeric "The Times today warns potential investors against investing in QPE." Can you supply a link, please?

rylidan "Your trading stocks are more than likely now held by a shareholder building a medium term position" I apologise for any confusion my conversation with SpikeyJ may have caused. I was referring to my trading shares in "t and m", which SpikeyJ commented on. I usually quote from posts I reply to, as it reduces ambiguity, but it was late and I was being lazy. I do not trade DAN shares. ATB

baz, nothing to add from me, but I like the thumbnail cvs in te RNS. These folks will put a rocket up this company.

SpikeyJ, sorry. I was going back through the posts and read your other post after I replied to your later post! Ok, basically, we are on the same page. I accept you have your doubts, but I think he will proceed as planned. Yes, a good day. I forced myself to sell my trading shares in both. Shame it didn't occur to me to do that a few times in the past month. I'm a very slow learner! :-)

SpikeyJ, this so reminds me of all the blue/red, buys/sells conversations that used to go on the QPP board! I accept that he would be selling DAN shares, in those terms, and buying xyz stock with them. Similarly, when I take a pound coin to my corner shop and buy a pint of milk, I am selling my pound to the shopkeeper and he is buying it with his milk. What RT intends, is to sell the DAN shares to xyz, buying their shares, then to sell his money to current DAN shareholders, in the market, to buy their shares. He starts with 10% of DAN and the same amount in cash. Does deals. He ends with10% of DAN and the same amount of xyz. Obviously, he could just buy his xyz holding with cash, but that would not increase the DAN sp, which is the object of the exercise. Does that square the circle? ATB

SpikeyJ, I accept that you are neutral DAN, but negative RT. My points are that "we" don't have to decide on the quality of the proposition, but DAN does. I'd DAN accepts, we judge DAN partly on the success or failure of that investment. If DAN rejects, then QPE will either use DAN paper to buy a stake or stakes elsewhere, or it won't. If QPE follows through, then more DAN will be bought. If QPE doesn't follow through, then it will probably be dead in the water. RT doesn't want to be dead in the water, so will follow through. That's my logic, at any rate.

No, it's because I sold my trading shares. It just had to go up another 5p after that.

ncain83 "Will continue to float down as the market has no reason to doubt the short existance. All fluctuations are direct manipulations of such. Until genuine favourable figures emerge the sp will struggle." Well, the sp has just struggled up from 67p! Apart from my core holding, I buy a few thousand around 67p and sell round about here. I'm asking 63.75p this time. If I get that, I'll buy if the price drops to 67.5p and wait again. If it never goes back down, I'm happy with my other buys. "The team will get there they just need to get it right before communication." I hope so. "Even on news as I'm sure K3 will agree the short positions won't rush to exit due to the extent of there arsenal and only on confirmed positive figures (physical contracts/ money irrespective of valuation an example would be sale of psd qpp) will they scramble for the hills- which imo will come." Sure, they will happily play this all the way up, after playing it all the way down. Yes, something material will get them exiting faster. New JV, sale of bank, big uptick in users would help. I maintain that, as long as TUNG says that it has enough cash to get to profit, then shorter buy back is inevitable. As long as the company does not go bust, NOW is the time to invest and wait. "Patience required." Agree, 100%. ATB

Which I doubt, given the willingness of the IIs to chip in £17.5m at 80p, on top of the millions Edi has put up, then shorters still have to buy back 9m shares. However long it takes, they still have to buy them back. GLA

Spikeyj, ".... underpriced gems vs. pigs in pokes?" A very good point. We obviously cannot value any proposal, until it is made. Once it is made, how do we, or DAN, value it? Management + assets + trading history + prospects? The truth will lie somewhere within the very broad spectrum you imply.. All investment is a judgement. What Rob is saying, IMO, is that, if DAN does not want to use its shares to buy a stake in target companies, then QPE will use its shares in DAN to buy the same stake, but for QPE. QPE then assumes the risk / reward in that investment. Of course, QPE then owns less than 10% of DAM and can buy more DAN on the open market. That looks like a good deal for DAN investors. The only risk, is that Mr Shea, with his wealth of experience and access to expert professional advice, invests in a worthless proposition. I don't see that as a likely outcome. If DAN turns the deal down, the fall back position is that QPE buys more DAN shares in the open market. Is there some potential trap for DAN shareholders that I'm missing? ATB

Yoho "but I wont be contributing ....." I hope you will continue to contribute you very balanced commentary here. It would be sorely missed. ATB

Not mine. Just for the record.

Beaner21, I blame you for this!! :-) Bottom of the wash cycle, hopefully, unless they have it set to cotton.

In again at 67p and 67.25p. Why two orders? I forgot I placed the first one before I went to the dentist. It was filled - the order, I mean, then I thought, I must get some more TUNG. Absolute genius! GLA

Oracle84 I have heard nothing! Anyone care to whisper it to me now?

Ha! Typical great timing! Bought at 69p (shown as a sell) and could have got 68.5p a nano second later. I'll sell them about 73-74p, which seems to be in their current working range. GLA