Member Info for Kalan

Developing nicely as expected. Another week or so of bumping along the bottom is likely but nothing is certain.
A quick scan of posts on here reveals what you would expect when the share is bottoming - a lot on nasty in fighting and pointless arguing - buy more would be my advice - it ain't going much or any lower and the upside is building nicely in the charts as the finance and cash flow positive start to edge nearer in the real world. All IMO of course DYOR.

Contradictory reports.
The share placement was oversubscribed i.e. they offered up shares to raise cash and more people wanted to buy than there were shares available.
Now we here from Schard apparently that they were approached by two punters wanting to buy shares and said yes to one of them.
Just imagine that they put the shareholders first - they could have said - thank you for your offer but we have excellent cash generation, access to $40 million in loans and would not treat our existing shareholders in this way. We suggest you purchase the shares in the market at the market price which would be of benefit for our loyal and long suffering shareholders as it would drive up the price.
I think I will give them a ring and say I want £50,000 worth of shares at 3.5p please. The board meet and agree it - what is the difference? The difference is they will do it for institutions but not private investors. Still very angry - unless they let me have the shares at 3.5p then I can smile and the rest of you - the ones who held onto their shares can be angry. I hate injustice. Shall we club together and get £6 million and phone them to say we want the same deal 8% discount to the current share price? I'm in - who else.

Just watched that interview Sumoskier - the company looks great. Leon was asked outright twice why the placing and he didn't answer - he went on and on about a strong balance sheet and higher earnings - why a placement - no answer. Asked about future even bigger projects and how they would finance them he again didn't answer and reverted to balance sheet and earnings talk. He was like an experienced politician - for good or for evil. Great company - like others have said 6 months to come up with the goods again - Leon will do it but I'm not sitting and watching and waiting this time - ride the ups and be out for the downs - easier said than done.

I can see a rally Bluebelly to 4.4p ish on the charts so would tend to agree with you - unless of course even more news.

Local support at 26.1p which could hold but not that strong - 25p is strong support - everything saying we are in a short term pullback phase following a sustained and high percentage increase in the share price.
News says buy - charts say wait a day or so and get in when it touches 25p IMO for what it's worth.

You are right Tier - wait until the cash or news is about to flow - personally I got trapped here having bought for the drill campaign and the reverse takeover came out of the blue - still got more shares along the way - as always - more patience needed. Was expecting a bit of weakness looking at the charts and we have it - expected 26p and maybe even into 25's just looking at the charts and ignoring the news- just going to check them again and will try to do the impossible and predict a turn around price.

I get worried when everyone loves a share and content when everyone is concerned - the sp isn't hyped when we are concerned- it's usually at the bottom and at the top when everyone is happy. A week or two to wait IMO and the uptrend will start.

One broker says 90p NAV and the other says risked value at 41p with a potential 141p to add to that as the projects are de-risked, giving a potential 182p de-risked value. Further deals may also be done of course.
Is this share worth 26p/27p - well the market says so - the brokers are saying that the market has this one wrong at the moment - I agree but we have to wait and see if the market corrects itself which is why we are here - ahead of the 'crowd'?

Why did they do the rns and then placing rns in that order - I'll tell you why - pure cynical manipulation. Release the positive rns to get the sp up and then the discount looks bigger for their friends. Also the drop will hopefully be only down to the placing price so their friends are never out of pocket - keeps them sweet and turns us sour. Still angry.

Followed your example safetyman - I think I just bought an advanced passenger train - tricky thing this tinterweb.

Had a quick look at KERAS - chart says down for tomorrow at least. The share split looks interesting and not sure of the outcome there in the short term. Think I would let the split happen and look at the two individual shares on their own merits to be honest. Like the look of the |Togo resource - thick laterization - easy to mine and enough depth to make it pay by the looks of it. Mining not until Q1 next year and ramp up needs scrubber installation. The market is volatile according to the CEO - battery suitability would be a game changer in this respect but isn't assured until test results. Good potential but not sure on the cash flow situation - so will put it on watch for now - I think I would like to know more about the share price post split and the availability of capital - there is the scrubber and talk of a refinery - they cost money and the market is volatile. early bird catches the worm as they say - so good luck with your investment. p.s. if the 'crowd' pick it for a ramp you could be 5 bagging before breakfast.

Sorry about your sxx craigmccollum. I did look at it but far too many retail investors in there for me and the project just didn't sit right. My dad did some work at the Boulby Potash mine so I was interested. Also studies it as part of my Chartered Surveyors studies. I decided against sentiment on that one. I realised I had probably done the right thing when about 6 months ago I was outside my old school (maths teacher)an a member of the PE department was just checking how his shares were doing - so I asked him what he had and he said just SXX - a mate had told him about it at a footy match so he had bought some - best avoided when a share gets to that stage. had a similar experience with a carpet fitter who was going to buy cryptocurrency. What is it I asked. don't know he says but my mate has made easy money out of it. Plummeted a month or so later. DYOR is right - done mine on SAVP - great rns today - share down a couple of %- imminent rise? We will see. KERAS resource rings a bell - think I looked a couple of years ago - going to have a look - thanks - will post anything I have to say on here though dalcais.

There that's cleared that up - we all have SAVP and want it to do well - some are bullish all the time some vary and others are in but wary others are getting carried away - the more the merrier as far as I am concerned.
Snaffleman - the grandkids sold JLP at 4.62p and now have everything in here (100%). They are hoping to sell half here somewhere between 35p and 45p and put it back in JLP at somewhere close to 4p - or so they tell me lol. The eldest is 7 on Saturday, the youngest is 4 - he was born just before I took a quick short term punt on this prospector.

Okidoki Yachtmaster - fair enough - he is invested though and tells it how it is. The negative posts keep us honest and make us look realistically at what we are buying. Over the years Michu has not been a negative poster - he may be a bit down given that he specialises in a sector that is out of favour and repeated good news brings no rewards and every bit of bad news takes one of the oilies down - so maybe we all cut each other some slack - good to have you onboard (see what I did there - yachtmaster - on board - oh please yourselves).

Agreed raypointer - it will pay for itself. It would also have paid for itself if they had tapped into the loan and in that case the share price momentum could have continued - we know what happens to sentiment when they do this and we know what sentiment does to share prices. the placement for the purchase at Windsor (Platcro) was a really good investment and so will this placement be. However, look what the placement for Platcro did for existing shareholders at the time.

8% dilution. I thought we would be able to fund the Inyoni deals and Kabwe without placing shares. therefore the company is now worth less than I thought it was by 8%. I sold above 4.6p so 8% less than this is about 4.2p so I won't be buying back above 4.2p.
Had support moved up to 4p from 3.7p given the recent attacks on 4.7p/4.8p breakouts. Moving it back to 3.7p. If the mates rate is 4p then I want 4p - experience here shows that the price is usually on or below the placing price at the time the shares come to market. Willing to wait it out. Did they really need a placing - again???? Well they are doing a much better job with financials than previously - but it still looks a tad unfair to existing holders to me - not playing their game - love the company, respect Leon but I want in at the price they get - end of - mild rant over.
assuming Zac Mir did his broadcast before the placing rns - as he didn't mention the downside or possible support.

I like snaffleman - genuine opinions given in my experience. There are some real c..ks on bb's but we are lucky here and at JLP with the quality of posters - wait until this is on the fastest riser alerts and then see what flotsam and jetsam turn up then.

Hi yachtmaster - it may look like a mutual appreciation society when I say this but nicetomichu is in lots of oil stocks and has been for years. He spreads his risk across lots of oilies with the plan to run the winners and cash out on the disappointments. If he says that oilies are out of favour then I would tend to believe him and respect his opinion. The fact that he owns SAVP gives me confidence as I rarely venture into the oilies due to their fickle nature.
AIm is awash with folks chasing the big winner rather than investing.
I top sliced my JLP and haven't bought back because of past experience with the 'crowd' - they come they go - so buy when it looks out of favour and sell when everyone is singing the praises.
Charts help - JLP looked set to stumble on 4.7p and it did - twice - the crowd will go and it will become cheap again. SAVP's chart indicated a drop back to 26's and maybe 25's at a push - the news would seem to blow that out of the water but it hasn't. My thinking is that the market makers will tempt out sellers with a little drop and then sell to the bargain hunters - they need to do business. The 'crowd' haven't got whiff of this yet but they will. Holding - no more top up cash available.

Always been a bone of contention with JLP - do they need to do a placing, do they need a loan etc - I remember Arrytheaccountant saying that JLP didn't provide enough info. What a change this time - loads of data to crunch. Overall very pleased but the real story will become apparent next year IMO.
On cash management - there is just over 18 million in the bank and we need to pay out about 21 to 22 million for Inyoni. It looks like the revenue plus cash at the bank will be enough to meet the payments. How have they ended up with 18 million cash in the bank - well 10 million from the last placement and 10 million from loans. So did JLP need the placing and loan - yes, although maybe the loan could have been used and a placing avoided. Overall they have become more transparent and raised cash and borrowed cash to good effect - Arry would be happy I think.

Maybe they haven't received any payments in the period up to June - we didn't start ramp up until late in the financial year - so maybe that profit is still to come.