Member Info for KLUCK17

@maddog38 Averaging down is an option ......but another option is to diversify and put the same amount of money in another investment perhaps with lower risk and potentially higher return that will help to recoup your losses.
By the way I agree with your s price assumptions and totally disagree with the over "optimists" of the forum. It's my view that at the moment, the market values mainly our Investment in EMH & AMAPA and attaches little if any value to our holding in Sonora and Australia.

@g That's a different co.

For me the matter is simple
The market has spoken loud and clear. Our valuation at the time of the placing was circa 20p
Anything else is wishful thinking.
Unfortunately, I believe the market considers primarily our holdings in EMH and AMAPA and gives little value if any to Sonora, Yangibana and our other assets that may or may not be developed/sold, as far as we know NOW, in some time in the unknown future. For EMH the valuation is straight forward. For AMAPA its more complicate. We have the stockpiles whose values can be determined with a good degree of accuracy once we know the total tonnage. But how on earth do you expect the market to value correctly the mine based only on historical data and before a PFS or DFS. If historical data alone - which of course are FANTASIC -were sufficient why the need for a PFS? To get an idea perhaps of the capital requirements and profitability?
Thus, IMO until the PFS is out, our share price will have difficulties breaking the 30p barrier. I could be totally wrong and I hope so, as it will allow me to sell sooner than later and enjoy the fruits of a very long-term investment.

Well said mrcautions. Posters with opposing views have always been treated badly on this BB....even though the market seems to support these conservative views. The price of the recent placing is shining example

That would be interesting BUT most probably FAKE news or bad understanding

News must be round the corner....... :) Last trade 31020 at 16p.

Me too TC......
"The Company is mindful of its existing shareholders and wants to give shareholders the opportunity to invest on the same terms as those who have participated in the Placing. Consequently, the Company will shortly be sending a circular to shareholders setting out the terms of an open offer, which will allow existing qualifying shareholders the ability to subscribe for further shares at the Placing Price pro-rata to their existing holdings (the "Open Offer") up to a maximum number of shares to be detailed in the circular."

johnpwh I am not so confident that he will resign bearing in mind that GFL currently hold 8.7% of ZNWD.......

Hi Fozdog .Are you still invested here or moved to CUSN?

8-Jan-22 10:19:31 17.00 400,000 Unknown* 16.00 18.00 68.00k

@Zodiac Maybe but the chances are for sp to stabilise or go up given that shortly another RNS will be landed for the copper lab results and as J4ams put it "strong news flow in the coming months"

1X500K paid full ask 19p &
1X500K paid 18,994
both at 9.00

9 Purchase of our concession in Greenland or REM's
we no longer have them...

Cadellin , Today's announcement concerns gold findings only. I expect another surge of the sp once the copper results are received.

The MM dictate the market rules and we cannot outsmart them. A brilliant example is the share price increase of CMRS yesterday. Until 16:45:47 the share price was showing an increase of 2.5p or about 21% then a final trade -Uncrossing Trade -for only 2045 shares at 14p wiped out the day's gains and the share price ended in red. Without that trade the share would have closed at 17.25p and todays rise to 17.5 is actually only about 1.46% and not 25% that is showing now. Today's volume so far is in excess of 2M.....

The share price increase shown today is wrong. If you ignore the small UT trade that obscured the price yesterday todays rise amounts to only .25p thus we have a share increase of only about 1.46%. The big rise was yesterday but they made it look as if it was a share price reduction.

It looks that somebody is laying the groundwork for a buying spree tomorrow at lower prices ... or so he hopes....

Hi Bampster,
Nice to see you here too. I bought my first shares in BCN in 2014 and average down heavily in order to make a modest return. I bought most of my shares when REM sold their holding and the chairman /director bought a substantial amount at 70 p. That was the green light for me to buy more. Unfortunately, when they tried to raised finance in London the 1st time and they were offered 70p they turned it down but they were quick to accept the GFL offer for 25p a couple of years later. I have no evidence but I believe at that time they sealed the sale as well. Any way that's history.
I am a few pence down here but I don't worry the least. (It's already 2.5p up today.) If the grades of gold and copper are confirmed -which I believe they will- this will reach previous highs in a matter of days. I disagree that this is not excited as the lithium stocks -copper is also a critical metal for batteries and not only. What I love in this stock is that you don't have to wait years and years to production! It's really amazing if results are positive, we could be producing by the end of the year! Maybe I should stop advertising as I am itching to buy a few more ...
Good luck.
PS This is a quite BB and I hope it stays that way

There is a lot of talk when the share price will rerate. To what extent will rerate is anybody's guess but I prefer the conservative estimates of EV. The important milestones leading to uprating of the sp are IMO the following
1.Increase of our shareholding in AMAPA to 27%
2.Puplication of the DFS
3.Possible buys by II and or a heavy weight co
3.Financing mine plan
4.Production
I deliberately omitted our interests in other projects eg Sonora Mexico and Australia as the prospects for these are highly dependable on third parties. There may be other important milestones that I haven't mentioned Please update.

Best of luck DYOR

I am fully loaded now and patiently await the lab results to be published. I hope the grades are as good or better than the indicative values obtained at site.
I still have some concerns beyond the lab results mainly the securing of:
environmental & mining licences &
water supply
However, the pros in my opinion mitigate the risks
very good initial indicative results
operate in a European country with a rich history for copper mining
Only 65M shares in issue and free float 54%
The joint ventures will reduce profits from production but at the same time reduce the need for large dilution to raise finance for the mine.
ore resource at near surface
directors have a fair shareholding
Production by the end of the year

Good luck