Quite right cadelin - it was conveniently slipped to Q1 2024 already and now they are 2 weeks to quarter end almost and nothing. The only conclusions you can draw from this are 1) There is serious internal trouble 2) The surveyors they hired are incompetent or 3) The BOD are deliberately trying to supress the SP for some sort of personal gain...
It isnt overly difficult to find artickles in things like Zacks blog that have said this is red-hot, but sensible or experienced people dont pay more than passing interest to these...
Lenigas had perfected a technique of appearing to look like a fat jolly Aussie mucker, taking a company eg REM or UKOG cleverly manipulating the media to publicise/ramp them to death take directors fees and sell his and his mates slices before the FOMO peak subsides... A pure rinse and repeat merchant !
This is AIM ! We are stranded with huge losses and even the biggest 'bull*&**ers on the board have to be in the same boat unless they are just paid employees !
Yes this cost KM around £7K but it isnt inconceivable in companies like this that directors buy chunks of shares just for 'marketing' reasons -- it is a tactic sometimes used to shore things up ! And if he is so keen to buy surely (as someone else has said) now is a great time.
Funnily I was looking at some old messages from my platform providers and saw this from April 2022 :-
As you will be aware Cadence Minerals Plc recently announced the terms of an open offer giving existing shareholders the entitlement to purchase additional shares at 20.5p each. The open offer has now completed, and all elections were satisfied in full.
How has my portfolio been affected?
Following your instruction, your SIPP Income Drawdown was updated on 25 February 2022 on the following basis:
Total number of Cadence Minerals Plc shares successfully purchased through the open offer and credited to your SIPP Income Drawdown: 1,569 shares