Member Info for NobbyD

My 'stop losses' instruction kicked in this morning selling 30m shares at 0.41p. I was in a bit of a quandary for a while as to whether this was the way to go. On reflection I think there will be further SP erosion over the next year or so given anticipated delays and few anticipated RNS's - the next being confirmation of the license transfer.

I'll buy back in at sub 0.35p.

I've dropped investor relations a line asking for clarification on this point and will provide their response when received.

(I do wonder why Kodal would need to provide warranties to a JV partner... just a thought.)

A JV is a specific legal entity. This is not a JV... never been referred to by Kodal management as a JV. Hainan are just majority share holders but are entitled to representation on the board.

The funding received is neither debt or a prepayment so nothing to repay.

If Hainan had been awarded shares FOC that would constitute dilution. They paid a market price (at a premium when the price was agreed) and the value of the company increased accordingly. Status quo.

Had dilution occurred, the sp would have crashed by about half.

The $100m (maximum limit) guarantee is a collateral warranty against failure to transfer the licenses in a timely fashion. Its unclear from the available information as to how a claim would be determined and administered.

Badoman - this may be (is) beyond your level of comprehension and understanding but in the light of the above, you may benefit from rereading the relevant RNS's.

Badomen,

You clearly have a fundamental lack of understanding of the deal that's been done.

There honestly is no debt to repay for reasons previously outlined. There is no dilution because there is no debt. There is no JV - Hainan are a (major) shareholder of the KMUK enterprise and a minor shareholder of the parent company. The $100m on performance related warranties is a cap, not an absolute.

Nough said.

Again, there is nothing to repay. They got 51% of the mine for putting up the funding.

The (UP TO) $100m in warranties are a completely different issue and are unlikely ever to be called on.

What's to repay? The funding isn't a loan or a prepayment (like the Prem deal) this is an equity investment by the Hainan Group for which they were issued shares equivalent to their investment. Because they paid a market rate for the shares there's no dilution of the original holdings.

Thanks Mafee, but, to what end?

Also, why would so many buys not lead to a price escalation rather than depressing it?

Maybe someones trying to build a sizeable stake without unduly alerting the market? But given the number of buys vs sells I would have thought the sp would've reacted more positivity. Any other thoughts?

Today's trades are all blue (buys) and seem to be predominantly in similar round numbers... that's not usual

T

I don't really understand today's selling given the transfer of funds is due in the next week or so. That'll trigger a very decent rise in sp.

Load up while you can!

Ha! Ha! Ha!

That's hilarious!!!

...unless touts is the basis of the presentation.

RNS dated 22 September reported -

"· The Company has now formalised and submitted its Notification to the DNGM, explaining its proposed two-phase development plan, with Phase 1 being the fast-track low cost DMS installation and Phase 2 being the larger downstream flotation plant operation. "

So, must just be awaiting approval.

Given the Mali government's gifted 10% stake you'd think they'd be better motivated to get their collective fingers out. IMHO, their lack of timely progress is now becoming frustrating.

This RNS was not in the least unexpected and the de-rampers carry no weight with me.

Any news on when the Hainan delegation are due to arrive on site??

Must be any day now.

You're very welcome to them Metatron. Good luck.

I'm glad I sold 1,500,000 shares last week as the wheels continue to fall off the bmn circus.

Perhaps we should organise a sweepstake as to what price pub will finally see the light, sell up, and call out FM for being the incompetent t****r he proved to be. Any takers?

I see it as having to chew off your own arm when trapped by a rockslide or slowly starving to death. Difficult call by Craig but that's why he gets paid the big bucks.

I'd rather be involved in 50% of a solvent enterprise than 100% of a 🐌 slowly, painfully failing one.

Craig has my support.

The significant drop of 12.77% followed the ridiculous trade (sell) of £5.50 worth of shares. Please don't try to tell me that's OK. The mind boggles of you think it does.

PS: Yes, Pdub has earned a reputation of irrationally defending the indefensible.