Member Info for Kalan

Hi stockdale I am on the side of a reasonable price for a reasonable risk - I always am. I am also on the side of a reasonably balanced discussion - I admit to talking about the negatives of the share whenever everyone is only spouting positives - this is to give balance to the argument.
There appears to be decent support at or around 2.7p where the market makers can make money by matching up buys and sells. Still too high for me but I am in a minority for now - patently. Patience is my middle name.
(Subliminal de-ramp in there I think).

4p by end of next week - how about that for really subliminal de-ramping (what a stupid word).

That was throwback Totalnew - too many years as a teacher - worked on my 39 /40 week working year - quelle une faut pas.

Agree that it's best to keep share buy backs and share placings options open. If they had ruled out placings I would have loaded up big time - what a statement of confidence in revenue that would be. Not yet eh. We can dream.

Apologies - off soapbox - wish Corbyn was running WRES. Lol.

David Cameron:
We will have an in out referendum.
We will either vote to stay in the European Union or LEAVE ALTOGETHER.
That's what he said - what anyone else said or promised doesn't matter - we didn't vote to leave with a deal of any kind - we voted to LEAVE ALTOGETHER.
After we left they can do a trade deal - as long as we have left - end of argument. His words are a matter of public record.
p.s. we are now sending over £400 million pounds a week to the EU (what Boris forgot to say was that we get a rebate and some of the money is spent in the UK at the whim of the EU stasi.
All of that is irrelevant as we voted to LEAVE ALTOGETHER.

"What l would like to know is why, 32 per cent of this country are supposedly going to vote for Corbyn. Beggars belief."
I am from a mining town - 14 years in mining myself. My dad was a miner and my grandad. We lived in a pre-fab when I was born and then moved to a council house which my parents still live in. I joined the Labour party when I was 18.
I told my dad I was voting Conservative as it is the only one of the big 3 (or is it 2) that respects democracy - you can't say you respect democracy and then pledge to overturn what the public clearly voted for. The Conservatives are the only party defending our democratic rights (admittedly for their own gain). On top of that Corbyn's policies would be an absolute disaster. The last Labour government put us deep in the mire with 40 new stealth taxes and 70 billion pounds a year borrowing. we have had 10 years of trying to get the public finances back in order and balance the books. We haven't had austerity yet - we are still living above our means - we need years of paying more tax than we get back in services to pay back the debt run up so far. Corbyn's solution is to borrow another 700 billion pounds and tax everyone to the roof. Then we all vote conservative again but this time it takes 20 years to put right the damage. Only someone with a slate loose would vote for that. My parent's are voting for that as is my son in law and step son - why - because they always have. Where I live they would vote in a donkey as long as it wore a red rosette. This year some of them are voting for a dead rancid rotting corpse of a donkey - but hopefully not enough of them.

I had some JLP at 1.6p troajan but also some at 12p - I think DB's attitude is down to being in too early like I was in JLP. Anyone who buys now will see it differently - all opinions welcome. Need to asses where we are now - not where a company was in the past. But poor management will linger in sentiment.

Before we get excited - resolution 5 allows them to issue more shares at will.

Ordinary Resolution 6 That the Directors be generally and unconditionally authorised, in addition to the authority sought in Resolution 5 above pursuant to and in accordance with section 551 of the Companies Act 2006 of the United Kingdom (“the Act”), to exercise all the powers of the Company to allot and make offers to allot Relevant Securities up to an aggregate nominal amount of £ 18 553 007 (representing approximately 100% of the Company’s issued share capital) and subject to the passing of Ordinary Resolution 5 and Special Resolution 8, such authority shall, unless previously renewed, extended, revoked or varied by the Company in general meeting, expire on the conclusion of the next Annual General Meeting of the Company or 31 December 2020 provided that the Company may, at any time before such expiry, make an offer or enter into an agreement which would or might require Relevant Securities to be allotted after such expiry and the Directors may allot Relevant Securities pursuant to any such offer or agreement; as if the authority conferred hereby had not expired.
9. Ordinary Resolution 7 In accordance with the Disclosure and Transparency Rules this resolution must now be passed to allow the Company to use electronic forms of communication. Your Board is proposing that they should be given authority to supply documents and make information to members available on a website. Before the Company can communicate with a member by means of website communication, the relevant member must be asked individually to agree that the Company may send or supply documents or information to him by means of a website. The Company must either have received a positive response or have received no response within the period of 28 days beginning with the date on which the request was sent. Shareholders can complete the form enclosed with this Notice and return to the Company at the address indicated on the form. The Company will notify the member (either in writing, or by other permitted means) when a relevant document or information is placed on the website and a member can always request a hard copy version of the document or information.
Special business 10. Special Resolution 8 That, subject to and conditional on the passing of Resolution 5 above, the Directors of the Company be and are hereby generally and unconditionally empowered, pursuant to section 570 of the Companies Act 2006, to allot equity securities (as defined by section 560 of the Companies Act 2006) for cash, either pursuant to the authority conferred by Resolutions 5 or 6 above or by way of a sale of treasury shares, as if section 561(1) of the Companies Act 2006 did not apply to any such allotment, provided that this power shall be limited to:
(a) the allotment of equity securities pursuant to an offer or issue by way of rights, open offer or other pre-emptive offer:
(i) to the holders of ordinary shares and any other person entitled to participate therein in proportion (as nearly as

Excellent work trading - in your position I would be quite relaxed about the situation - as you say your downside is limited - a drop to 1p would see a dead cat bounce to your 1.41p average anyway so you would be able to get out unscathed. those who bought in at 4p on the ramping must be uncomfortable now. personally I am willing to risk losing half my money for a potential 4x gain but not risk losing 75% of my money for a 2x gain. Might as well just bet ona horse for that type of gamble. Good luck - envy your position.

Apologies Lenoman for lumping all LTH's together - just look at AuricBlofelds latest post to see why I may have reacted like I did. You have to admit that any attempt to appreciate the upside and point out the potential downside or say you think the share is overpriced is met with a deluge of personal insult - apologies again if you are one of the reasonable people on here.
p.s. I have just advised one of the new potential investors that he is right to hold off buying a share that I am in as more clarity is needed on funding - I always post what I actually think irrespective of whether I own or not.

I don't think you are going to be out of pocket here Sumo - still one of the safest investments around IMO - limited downside and strong upside. I think I will wait until after Christmas before stepping back in. The chart seems to be showing no strong move in any direction - the institutional investor(s) is (are) picking up the PI sells on the drop this time and holding it steady just above the placing price. If /when they have filled their boots we may see a last drop before we start to look upwards again - news of a good deal elsewhere would of course catch me with my trousers down and I may yet regret not picking some up at 4.05p. we will see - Good luck.

ok trading I respect your moral stand - just wondered if it was insider information - I won't ask - accepting your statement as fact should result in a higher selling price and I think it fits in with the CEO's desire to sell up and run away with his cash. MT alone would still be a good sale IMO but I don't think the CEO has the stomach for years of work to exploit the other reserves. I still have concerns about where the company go if a deal can't be done as only 85% of the finance is in place through Sinosteel for MT and as I say I think the CEO is determined to get out. It's all about the sale process and price - the company was only valued at 0.5p before a deal was mooted - I don't think it would drop back that far if the deal was off but maybe 1p. From here that's about 40% of your cash back with a potential sale price that is 3 to 4x the current sp - so getting into tempting territory - but not yet for me at this price - Good luck to all holders and traders - cue vitriol.

Where have you heard that?

Re-generating - Dr Who never dies.

Are you just holding sumo or have you any intention of adding more if it weakens? If so do you have a price that would tempt you in for more. Please feel free to ignore if you prefer not to answer.

Correction 8.3x the current sp - so that's 7.3x higher. I've told myself a million times not to exaggerate.

that if the share price went up 1% per day (compound interest) for a year, then the share price would be 8.3x higher by the end of the year.
SAVP has managed it for 4 days - so just another 196 days to go and we will be rich I tell yer, rich.

Some interesting views on the profitability point today - keep it up - folks starting to look beyond the financing towards the next step. Just need a bit more consensus - so far range is 25 to 110t per month - fine tuning needed.
Nice post DB - funny (not very but funny) - much better than your earlier one - I assume you must have just got up - a bit poor for you - anyway have your cornflakes and come up with a better constructed reason why we should all sell up and buy a small holding.