Member Info for NettlesTheCat

... and I want to ask those that may more than me, is it wrong to put £10k into ECR at this moment in time?

Talks of consolidation scare me a little and I don't want my £10k eaten up.

I already have a decent holding in ECR and I've done my due diligence, so are these talks of consolidation a scare tactic?

Hands up to Cev on that one - EEE up 185% in one month.

I didn't follow (my bad) but well done Cev for calling it 👍

Just incase your scroll buttons are full of.... substance, Tame said this on the 18th:

"ECR share price is languishing at the moment on low volumes…….with the right news this will motor and quick"

You guys ignore that and decide to fight like children.

If that's the case here, then I'll hold back - grow up kids.

Two things here - Tame and I called it at 0.175 to get the enhancement (I have a habit of doing that - which is very disgraceful to admit I agree) and secondly, what an absolute diatribe of crap you guys suggest on here.

I've not read one post of news since Tame and I suggested this upturn.

Maybe, as I say in the RR forum, you leave the adults to discuss whilst the child play.

..god forbid we start talking about Hainan's parent companies (Fosun Group and Hainan Haigang Group) and why they have done what they did with the Bougouni project.... I'll save that for the KOD.L forum. 😂👍

*interested

I think I elongated that.... basics:

2023, Hainan invested $100m into the Bougouni project for a 51% stake in a joint venture partner with KOD.L (KOD.L therefore own 49%)

That makes the company both parties are invested in worth $200m or there abouts.

Although Hainan own a 14% share in KOD.L, that has nothing to do with this deal.

So, with the project being $200m worth at time that Hainan got involved, that means KOD.L have a $98m shareholding in said company (49%).

Current KOD.L MCap is £52m.

Let's suggest that Hainan want to profit, rather than break even, KOD.Ls share will increase in value over time.

Even if it doesn't, KOD.L own a $98m stake in a company whilst their MCap lies at £52m.

I hope that makes clear my point of investing - not interesting in shares in circulation, just true MCap value.

This has zero to do with KOD.L SP

Dusty - Not bothered about the amount of shares bud - means nothing. What matters is the MCap, something I've badgered on about for years (ask Shareflyer once he's finishing adjust the camshaft).....

MCap is everything to me mate - and at 52m when Hainan bought into the mining company (not KOD.L) for $100m at 51%, when KOD.L own 49%, that gives the mining company a true valuation of $200m (maybe scratch a few dollars off that to be accurate).

To summarise - KOD.L (MCap 52m) has a 49% share in a $200m company (at time of purchase - based on Hainan not wanting to make money 😂) and you don't see growth or true value? At the point Hainan got involved, that would have put KOD at 98m MCap, let alone the other areas of interest for KOD.

I totally understand the different way of looking at SP and company value, but MCap has never served me wrong friend.

Basic maths.

Apologies for grammar - long day!

"No offence but i wouldn't Touch Kodal"

Any reason sir? It wasn't;t evening mining at 0.20. (I got in at 0.09 by the way).

Now it's fully funded with Hainan (51% of shares on the mining company - not KOD) and their only waiting for the Mali gov to issue export.

I'll be happy to hear your thoughts on why not to invest mate.

By far the reason this forum still exists brother (captain). 😂

You are a diamond.

Helium always rises though.

(tell me if I'm late to the party on that one). 😂

Forms all set off to go from SJP to Barclays (AJ Bell) so we will see - but like you say, missing the boat will really annoy me!

"How long does your provider recon you have left to wait Nettles? I was sure that there was a maximum allowed transfer time to protect people having to wait months for a transfer."

If it's anything I've had to go through the Financial Ombudsman Service to get my compensation from said provider, then 6 months.

I don't want to name names here but SJP are bloody awesome when you get a decent partner - try and do anything else and they are totally inadequate!

(Did I just name them?) 😂

Massive apologies for not keeping this RR by the way Captain Svend!

I hope you've given shipmate Shareflyer a cam shaft to play with whilst I sail the seas for future bounty - keep an eye on that one, he needs to be kept busy!

Cat reporting back - Interesting chatter about KOD at the moment Captain sir, just waiting for Mali to agree the export licence and then it's gold all the way apparently. Hainan will want full control (allegedly) but will do so in a fashion not worthy of a pirate (honestly and abiding by rules). 😂

Just hoping my SIPP is agreed in transition from my pension before it's too late sir - Wi-Fi on these waves is terrible at best!

Will keep you posted sir!

Current holders in KOD.L being:

HAINAN MINING CO., LTD. 14.51 % 2,937,801,971 14.51 %

Bernard Michael Aylward 1.587 % 321,364,799 1.587 %

Robert Ian Wooldridge 0.9197 % 186,223,858 0.9197 %

Charles Joseland 0.179 % 36,250,000 0.179 %

That leaves a hefty percentage to retail (correct me if I'm wrong).

Any takeover from HAINAN (Fosun and Hainan Haigang) will result in shareholder approval.

How long does it it for a pension to get converted to SIPP? 😂

I think it is a lot simpler than that MuppetGuru.

KOD and HAINAN granted permission by Mail and it's either a 100% takeover from HAINAN, or a beneficial sell out.

My ultimate guess is that Fosun and Hainan Haigang will want to get 100% of the shares KOD.L currently own. Already at 51% (Hainan) but they'll want the whole lot.

ATYM.L - not the first to mention that to me by the way Captain - could be a good destination!

Love you Svend! 😂

Not sold a shrimp of RR shares since buying them up at that silly bullion price so I'm still on board sir - just testing the waves in this rusty side boat for the next interesting increase in the waves - my cat gut still tells me it's mining at the moment, but I will report back with a grin or a grimace!

We were all very lucky with the post ship COVID and I think we all knew that prices would rise as they did - it didn't take a Captain or a Cat to state the obvious.

But now with more choppy waters ahead, I think a scouting party is due - hence the rusty sideline sir.