Member Info for Paul2566

Jerry004

I'd stop now, or have another go if you wish, a smile is always welcome.

90% of 103.5 equals ?

Here is a quick check help to get nearer to the ballpark. 90% of 100, or 9/10 which is 90, so look for an answer a bit above that 😂😂😂

My first buy of KOD was in January of 2022 at 0.33p, unfortunately over the years I continued to buy on the way up and on the way down. If I sold my 13.5m shares right now I would get 0.319p. I bought into the idea that after production I would see 1p, I'm starting to see that as a pipe dream. If KOD was acquired at a premium to today's price it may be the best result I am likely to achieve. I think it very likely I will take a severe haircut on this stock.

If its great news the SP should be dropping today

As others have said at least there is an end in sight, I will finish about 10% down, but another lesson reinforced, with over 30 years of investing I only lose money consistently on AIM stocks. Just two more to off load now, KOD and TIN. It can't come soon enough.

AIM is closer to gambling than investing, some win big but most don't do so well.

I wouldn't read too much into that.

If that 33p bid came around again, I vote for it given half a chance.

I just wish I could delete the shares from my account, with it just sitting there worthless, it just annoys me. Hopefully eventually the ticker will be deleted.

I've been holding KOD since January 2023, I must confess I had expected the SP to be a little higher by now, however as always it's worth what someone is willing to pay, and I am starting to think it's going to take a lot longer to see a decent return from here. Maybe when a full set of accounts is available it will show where the money goes and if it's worth hanging on, or accepting the lesson and moving on.

If this were to hit 0.29 on the sell, I would be joining you. Sadly I think it unlikely while Trump is pi**ing of the world in general.

Like I said doesn't really matter, don't know why I have got drawn in to this discussion, just sharing what popped up on my news flow.

ATB

EEY so you clearly didn't read the link I posted showing the copyright date as 2026, and making reference to figures that correspond to todays trading.

Not that it matters.

Https://www.lse.co.uk/news/atlantic-lithium-cuts-jobs-as-awaits-decision-on-ewoyaa-project-lease-0ckv60gae8ft6a1.html

A better report above.

I don't view it as anything to worry about, I believe the ratification will be granted, just not convinced it will be next week.

On a positive note the lower it drops before then the better for anyone still adding to their holding.

News report from two sources, both dated today not 2025 as in your link Longterm.

I have no view just shareing.

AJBell has posted news about ALL cost cutting measures.

'Atlantic Lithium Ltd on Friday said it has cut costs to preserve cash as it awaits ratification of the mining lease for its flagship project in Ghana.'

https://www.ajbell.co.uk/news/articles/atlantic-lithium-cuts-jobs-awaits-decision-ewoyaa-project-lease

It seems ALL may be thinking it may not get ratification in this session.

I really have no idea, last bought 101725 at £0.6614 on the18th of this month and it dropped that afternoon.

I think the Offer Price is now around £0.6490 and the Bid Price around £0.6460.

Its trading about a 37.5% discount to NAV, so I really don't believe you will see an Offer Price of £0.50. That would bring the NAV discount down to around 58.12% and I think there would be pressure to wind the whole thing up, anything below a NAV discount of 50% I'd certainly vote for that given the option.

I really don't believe it will drop much further, given the suggestion of base rate cuts later this year it should I hope begin to turn the tide.

That said I thought my last buy was a bargain and look what happened there, so I would take my thoughts for what they are.

If you look at the SP over 3 years its dropped by more than 50% which is where the 16.5% dividend has sprung from, not from increased disposable profits.

I saw and still to some extent still do see a stock that is out of favor, disadvantaged by the rise in BOE base rate rises primarily because of the way these type of companies are funded, and fundamentally a company involved in an energy transition we haven't seen for several generations that is very likely to respond positively in a more stable economic environment with lower base rates.

I bought a recovery play with risk.

I'm not moaning or saying its a bad stock, just suggesting an answer to the question who is selling and why.

TimBob

While I like your optimism, the fact remains that no company as far as I am aware has ever maintained a dividend of 16.5%.

The is nothing magical about NESF that would make it special in this regard.

Either the SP has to rise to effectively reduce the dividend, which I hope is the case, or the dividend will be cut.

I'm not suggesting that it would half, that was just an extreme example to highlight the dividend is double what most experienced investors would consider a very high sustainable dividend.

16.5% is most definitely an outlier. It compensates me for the risk and makes the drop in the SP and NAV bearable with the possibility of recovering those losses in a fairly short period of time.

I suspect like me many investors would strongly consider taking a loss and moving the money elsewhere should there be a dividend cut. If investor money begins to flow out the risk of an accelerated decline increases.

I've seen it before and will most likely see it again.

I'm holding at the moment but I have no emotional attachment to any stock I hold, once I'm convinced it is unlikely to give me my minimum return in relation to my personal perceived risk, I will close this position.

I know it may be odd but a high dividend that keep increasing makes me very twitchy.

I see latest RNS states Peel Hunt LLP has been appointed as joint Corporate Broker, to work alongside Goldman Sachs International and Stifel Nicolaus Europe Limited.

Peel Hunt will I believe bring some additional strengths and skills to the table.

Sorry it's early, I meant dividend cover is reported at 1.1x to 1.3x, not a % as I incorrectly stated.

To be honest I keep considering it, although I only bought NESF in June of 25.

The high dividend concerns me and the price drop since I bought £24,187.70 of these means even with that dividend I will be 18 months before breakeven.

While 18 months is nothing, I cannot get away from the fact the NAV keeps dropping, as does the SP, the dividend is getting unbelievably high and to my knowledge such a high dividend is never maintained for long. I fear when the dividend is eventually cut the SP will drop off a cliff. The debt gearing is creeping up slightly, which isn't unexpected but needs to be kept in check.

So why am I still here?

Well the huge nearly 40% discount to the NAV gives me some reassurance, and I believe a safety margin.

The low SP should benefit from lower base lending rates, which I and many believe will be dropping over the next 18 months. (Although with the Trump upsetting the world order, who knows)

The dividend appears to be safe at the moment, although I am less certain it will be maintained through the next tax year, that said dividend cover is still reported at 1.1% to 1.3%.

If the dividend was cut by 50%, that's still a substantial dividend, and I'd be fine with that as long as the SP firmed up, and the debt burden could be reduced either by reducing the debt or refinancing at a lower rate, ideally closer to 4.5%.

So I plan to hold on and see if there is a small base rate cut forecast before or just after April 6th, and will hold off selling until things become clearer, by which time I should have gained another £765 dividend to soften the loss if I do sell.

At the moment the cold facts are this isn't making me money, the £3000+ in annual dividends so far hasn't covered the paper loss generated by the drop in the SP, but I am still hopeful that will stabilise.

Green energy appears out of vogue at the moment but few will deny it's the future, and I think it will return to an upward cycle.