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Just had a chance to watch last Friday's webinar from Harry, exactly what I had hoped for - positive, clear explanation of the current position, clear explanations of what has happened in Ethiopia since 2017 or so, good analogies to explain some of the questions raised, good projections for the different stages of the 3 projects in progress and the NPV.
Unlike before I thought HAA seemed content with his lot and genuinely confident that the TK funding will happen, it certainly sounds like it will finally happen and given the circumstances he explained hardly surprising it didn't before.
All good.
Now let's make some money!

Ibiza28 - from my (limited) experience there are NO guarantees in investing!
Pretty much anything I've tried to do by being clever did the exact opposite of what I expected or hoped for.
Much better to hold until a clear profit can be had IMO, whether that be long term or short term, each case on its own merits.

From what I have seen of webinars (of other investments) any uncertainty or ambiguity - and I mean ANY - on the part of HAA or anyone else presenting or answering questions, and this will drop like a lead balloon, let alone be the goose that laid a golden egg!
If the webinar is to get a breakthrough in the SP, or any rise at all, it needs to be honest, accurate and above all, POSITIVE.
Let's hope it is all of that, and more.

*from
Jeez, I hate typos!!

Sorry Leedsman, just felt I had to do something.... anything....
If it's any consolation the investment I made with the capital form the LDG sale has already gone down!
I'm beginning to think I'm not very good at this......
Still a bit disappointed I could have had almost 16p here 2 days ago but not to worry, I can live with the outcome whatever happens.
Cheers!

Sorry all, but I'm out, just sold @ 14.05p and took the profit, re-invested the capital somewhere else.
Right or wrong I don't know, only time will tell, but made a profit so no bad thing.
It's been great posting here and following the ups & downs, and learning a fair bit along the way so all good for a newcomer like me; I hope my posts have been useful and well-received too.
Who knows, maybe I'll be back here again some day?

Good luck all.

Hi all, I have to admit I didn't fully understand the last RNS but now I think I do - DBay have reduced their holding in LDG from 30.26% to 25.58%, right?
Looking back at the previous RNS re. Holding in Company dated 29/03 their 30.26% equated to 189,441,891 shares; the latest RNS shows their 25.58% holding equates to 143,701,525 shares, a reduction of 45,740,525 shares.
Now I think we know how Investec managed to obtain the 53M shares they needed to complete the buyback scheme and we we know from the final buyback RNS they paid 15.9p so DBay have pocketed £7,272,718.
Nice work if you can get it, not sure what it means for LDG and us investors going forward though, if anything.

Is anyone able to tell exactly how much cash LDG has in the bank now the buyback is complete and they have invested approx. £14M in CTH?

Interesting to see a lot of big volume sells today, presumably short-termers cashing in for a quick profit, but not enough to deter the SP rise.
More interesting to see a 2.5M buy from 4pm that didn't appear in trades until after close, good volume there.

I think a lot of investors genuinely expected the buyback to push the SP higher, I know I did. I understand the aim of the buyback was to close the gap between the discounted SP and the NAV and on reflection I agree it did that, but I still don't understand why the first 28 days of buyback raised it from around 13p to almost 16p - it never quite firmly achieved 16p - but then the final crazy push yesterday that saw the remaining near-53M shares needed to complete the scheme had no effect at all.
As a result the SP is now only marginally higher than the 13.something p price we had before they bought back a single share.
I must be missing something but it just seems odd to me.

It would appear the SP was held back but hopefully that hasn't backfired as disillusioned investors clearly dumped today and the SP fell even further; tomorrow could bring more of the same unless LDG have an announcement up their sleeve.

Let's see what happens in the morning, maybe all will become clear then.

SP on the up, wonder where it will end up this time?
I have never been so desperate for news - we need an RNS telling us they have a rig and some dates in the diary, if nothing else it will stop all this endless speculation!!

Fair enough zoolook, I can't argue with your reasoning there. TBH I would have sold out if we'd got nearer to 19p - over 17p would have been good for me too.
Not enough to gain by selling now at 14p so will hold and wait again. With any luck the reason for the final massive buyback completion yesterday will become clear in the coming days and we will all think DBay are absolute geniuses!!
I won't be buying in further as have no funds available :-( everything tied up.

Thanks Lazz,
I wondered in my first post today why they completed the buyback so quickly as it seemed odd, now that would make sense.
I was and still am in two minds what to do but the prospect of 'good news soon' makes me want to hold.
I hope I don't regret holding.

Look at the sells and the SP falling, could be below 14p in minutes :-(
Rats leaving as I thought might happen, panic setting in.
Not good.

Hi zoolook, I'm a bit confused..... back on 23rd March you said "Sold half my holding yesterday. Below fair value but having gone all in wanted to hedge my bets. Still retain an uncomfortably large holding".
If you were uncomfortable then, why would you buy in further if the SP drops to 12p? Why not sell now and take the profit?
Apologies if I've misunderstood. Probably have as not a clue what is going on :-)

HD73 #me too!
I'm quite new to all this too and have similarly made good investments that 'turned bad' not least because Russia invaded Ukraine! I had 26,000 shares in LDG but sold 9,000 (at a profit, phew) to fund something else, turns out that was a mistake too.
I still have 19,000 shares here owing me a just under 10p a share so, a good profit to be had, or wait for it to increase for a bigger profit?
Hindsight always right, wish I'd sold at 16p, but if I sell now in 3 years time when it's 50p I'll be saying 'wish I'd held'!
It's a pain either way.

Very disappointing.
Clearly the buyback didn't achieve its goal. Yes, I believe the SP was suppressed to enable the buyback within a set budget but that completely negated its purpose, surely.
Have we been screwed over? Quite possibly.
What to do next? Hold or sell? I really don't know what to do. Short term maybe dump but longer term DBay should turn this into a great investment vehicle.
Dilemma!
Watch & wait (again) or run away?
Any thoughts?

I don't know how they did it but yesterday Investec bought back 52,786,586 shares and hit the magic targeted number of 140,441,180 shares i.e. 100%.

They had until August '23 but have completed already! I wonder why the rush/panic?

They have now bought back 20% of the shares in circulation and yet the SP is below 16p, let alone the 19p the buyback was meant to achieve.

Even worse this has come after yesterdays results RNS which seemed more than favourable to help the SP rise, but nothing. How is that even possible??

I fear now that the remaining investors will exit like the proverbial rats and this will fall all the way back to who knows where?

I hope I am wrong as I intend to hold a little longer at least, just see what happens I guess?

Good luck anyone left holding here.

Nothing new there Biscotti, the offer for CTH was all reported on Monday. Now we just need to wait to see if they make a firm offer and if CTH accept, or if - hopefully - it starts a bidding war. Better than the other sort of war!!

Mozza - 'quite leaky' - lol