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Correct Stoner, the 'Chinese'/Singaporean investor actually invested their �5m at 0.38p, a 50% premium to the current price.

A fundamental difference is KOD has experienced and competant management, vs what appear to be amateurish chancers here. So for me the likes of KOD will always be for serious investment vs pure punts here with money you're prepared to lose.

"we have over 2m in cash" - that's the bit I'm disputing. Recent placing raised ~�0.8m after expenses. Where's the other �1.2m coming from? Some anonymous poster who claimed to be at the presentation the other week said on here they had �650k cash I think it was. Even if we take that at face value - which we shouldn't - it's a long way off �1.2m?

Ok �3.5m at the current price. Still nowhere near �2m.

More like �4m excluding cash if you do the sums.

I did post that, but I don't think it was a response to anything you posted. Anway I stand by those statement of facts and I see no contradictions there.

They're all NEDs even the chairman and ceo - yet another oddity with this company.

How's this for a theory - results are going to be very good and cause a decent rise in the sp. And therefore the BOD are arranging a placing to go alongside. This of course will be at a premium to the current price and so look good when announced with the results.

Good to see.

Doing very well tonight.

What LITHIUM results?!??

Even if all trades today are sells (which they're not), that's only around £30k worth traded - in total. Why do you expect this to have much effect on the sp of a company with an mcap of £3m?

Until the company give us something more meaningful to discuss, then yes! By the way I believe it's potatoes not potatos or potatas :)

What one/two week deadline are you referring to??

And an even bigger dump.

There you go. No manipulation, no spreadbet bullcrepe, just a good old fashioned 4m dump.

I don't understand why you're deducting costs from before the money was raised??

Therefore plenty of cash for acquisitions of more early stage prospects.

eearningacrust - AGQ are very well funded. They did two placings recently at 0.5p raising something like £1.2m (can't remember the exact figure), and I doubt the recent drilling has taken more than a small bite out of that.

Results of the 'phase 1 work programme' at Xantus are due - yes. My point is we have been given 0 information on what that work programme is/was, so talk of drilling and lithium grades seems a bit premature to say the least.