Member Info for mrcautious

all of Fridays market gain lost again -- will the pain with this share never end !

How did CEO lie to us ?

Some over on the KDNC board are saying KDNC are de-risking ie trying to make out the BOD of KDNC are actually clever at business !! What utter tripe...

We cant take advice on guessing or gut feeling, my view is a mixture of remaining shares sold by KDNC and also twitchyness about the delay to the final stages of the Ganfeng agreement sign off..I am irritated but sitting on my hands...

The way I did it was to use simple excel formulas using the online microsoft help for the bits I couldnt figure out, its hard to otherwise explain on a bulletin board but I was just calculating weighted average but the was the formula I used to do the main calculation :- =AVERAGE(B2,B4) for the main average and =SUM(B2*C2, B3*C3, B4*C4)/SUM(C2:C4) for the weighted average.
Column A is number of shares
Colunm B is cost
Column c is percentage of holding (worked out in the normal way you would calculate percentage in excel ie Number of shares /Total shares as a percentage)

This is probably why the big man himself communicates with FK to help him to try and manipulate the discussion board(s) !
If in fact it is true in the first place.

Hope you're right but we now need several hundred percent uplift to get back into profit again for most peoples share avg I think...

Sorry didnt realise you meant $30 income per barrel...

Why is it only $30 a barrel - the international rate is around $60 at present...

I dont think there is anything at all bad about the JORC but AIM junior mining investers (including me) have looked upon the JORC as a form of eldorado - I have seen this in EMH BCN KOD KDNC BZM and the list goes on.
The fact is that a JORC without a 'move forward' strategy is not viewed by the market as valuable and all the time this bloody company stays quiet this view is further underpinned.
Buying shares in this company is like buying a brand new £50k car and being kicked in the nuts 5 seconds after signing the bill of sale !

Its pretty easy to create an excel spreadsheet with the necessary formulas to do this ie the weighted share ave and the projected profit based upon the overall purchase costs.. However the HL platform gives a lot (but not quite all) of the info to do this .

I wouldnt trust the family savings in this share. There is no clear reason for the big rise on Friday so I expect this to drop right back again on Monday..

Stupid yet genuine question - how did the share price hold on to the large gain follwing this ?

I beg to differ slightly on the comparison with KDNC. BCN is a well documented huge quality mine resource with proven clay extraction technology and now more or less financed. KDNC is a bunch of directors trying to pretend they are killer mining project speculators but haven't though how they can finance themselves (without issue of equity) and provide ROI for shareholders in the 8 year time window they have been operating in so far !
If they ran the Bank of England they would be printing billions of pounds each week to balance the books.

Island - whilst I dont deny I did a bit of flapping, this share is getting frustrating, we seem to have all of the dominoes lined up and we also seem to be in a far far better position than so many other crappo AIM junior miners and still we are wildly undervalued.

I would echo this, when I hear someone with this many shares my problems pale by comparison as I only have around 3.5M shares. I need about .6p but we are a long way from this still, we need a few hundred percent - which is possible in AIM though..

This is clearly just a pump with no reason whatsoever looking at the overall days trading. There have been many days that looked better and the share price just dropped off...

It would warrant a 'we know no reason why' RNS...

Whatever is happening someone (in one of the only trades of the day) sold 750K shares...

8.5% up for no reason -- pump city man !