Member Info for Re974

Yep. Someone selling...

Can’t gwt any form of bid here, bit concerning?

Hi all. I’m not saying we should lose faith although I don’t understand where the $1bn profit number has come from? Npv of the current permitted bit is less than $100m and hats with a 5% discount rate. So curious as to where this coming from.

My feeling is b2gold will not want to increase exposure to Nicaragua at this time, but they are in the mkt for acquisitions. Suppose everything has a price. What CNR’s price is, I’m unsure. All depends what discount rate you assume and 5% according to the PFS seems a little low? https://www.reuters.com/article/b2gold-ma/b2gold-keen-on-any-african-assets-new-barrick-may-sell-ceo-idUSL2N1WS0SL

Situation where permit has added no value whatsoever to the co

I am hugely disappointed too. Not a good sign. I do not think the Canadian market open will have any effect on the UK share price. The price has had enough time to react. I can only think the political risk must be the main issue, we were significantly higher in April before permits but before the troubles in Nicaragua started. Possibly the permit isn't seen to be as valuable as we think, due to the risk of a new administration. I suppose the other issues are funding and what impact that will have on shareholders + the fact that production is still years away. Hope I'm wrong, but it does seem crazy that we have permits but are at 45p.

Disappointing so far in spite of positive news. Although I’m not sure given the current environment in Nicaragua that the permit is not as valuable as it would have been previously. Perhaps the market thinks it could be cancelled by a new administration which is quite likely. How it gets better.

Capital markets day will be a marketing opp. But I find it a bt discourteous to existing shareholders to not outline dividend policy before then after hinting they will start but giving no detail!

https://m.facebook.com/profile.php?id=100012169059286

What’s the interpretation? Does this mean no permit?

https://seekingalpha.com/article/4176735-kenmare-resources-appears-turned-page

Halle, if you’re on this board I would be surprised if you are a human rights activist yourself. Guessing you are either in CNR or if not havent come out for human rights reasons. I don’t see much point in constantly posting negative articles so wondergoals is right to post another point of view

Hi all. Does anyone have any thoughts my question on the timing of the placing? I can’t see a clear benefit of having raised the funds before or after any decision on permits. Raising the money now before a potential price rise still means the existing shareholders who are putting up the monon the get stock at these levels. So in what way would raising the money at a higher price be better because I don’t think the dilution would be massive in this scenario. interested to know if anyone disagrees. Thanks

That should say that dilution would NOT be significant, sorry. Given only 9% of mkt cap raised

Hi guys. I’m new here. I have a question for the couple of ppl who have commented that the placing bodes -ve because the placing could have been done at a higher price soon if permits granted soon and less dilution. Whilst I get this, I’m not sure how big the dilution is because by my calca it would be significant based on the amount raised, assuming SP 50% higher. Also lots of existing shareholders would have participated at lower levels anyway. So I’m wondering whether this does indicate anything on likliehood of permits soon or not. Perhaps I’m missing something and wonder if you could explain your logic.

https://www.miningmx.com/news/markets/32119-kenmare-surges-profit-buoyant-pricing-set-well-2018/

Operationally the company is performing well but people must believe this company cannot make any money after the needed capex.

Good to see

Seems like the share price slipping is causing tempers to fray. Let’s all calm down. Interesting about the sackings in Mozambique, let’s hope there’s no skeletons in the closet.

Feels like when we had capital research selling before