Member Info for Rocktapper

I take your point. However, I am inclined to believe this long drawn out process with Labro buying 50,000 and 100,000 here and there along the way is masking the inevitable. They will eventually pick up the remaining shares needed to trigger the need for a formal offer. The offer will be made which won't really reflect the true value of the deposit but because Labro already have a significant shareholding, not much room will be available to small PIs to prevent the deal going through and the company will then get taken over at a relative discount and no real value added for PIs. The shares will then be taken off AIM.... Sorry if that's cynical but I have seen it and experienced it once or twice on AIM and ASX. I hope that I am wrong and the demand drives the price up but I suspect the reality will be somewhere in between! We have seen from previous press releases that there is clearly a well laid out strategy behind this whole process....

I have mine on a limit order sell at 17p.....still no news about their met. testing!

Hold for a while longer. It sounds like they may still not have found the 'guts' of the porphyry system yet, despite the 'interesting' intervals of mineralisation.

Has anything actually happened since October to actually add value to the company? All the RNS and talk is about Labro and holdings in the company. There was supposed to be some met. testing going on. Where are the results from that?! If Labro eventually do end up taking over 9or gaining control), it's not going to add value, only basically take the company off the market and probably at a discount to the company and the intrinsic value of the deposit - i.e. a disadvantage to p.i.'s.

Complex stuff. This does smack of a takeover through the front and back door! Small PIs again will suffer. Share price seems to have been manipulated downwards (through press release and bad management) and then the placing is at a further discount to the new non-exec Chairman and friends. So anyone (I imagine a significant percentage) of PIs who bought over the last 2-5 years in the 7p - 45p (yes, in 2011 I originally bought at 45p!) range gets hammered. One way may be to try to average down (as I have done 2 years ago). The other is to hang in and wait for the £4.1 million to be spent on the BFS and pray it results in a price rise. The problem is that both are so high risk now because of the risk of a complete takeover which no doubt, will be at a substantially discounted rate and will cripple many of us long-suffering PIs.

It's a 'funny' way of trying to get us 'tired' CGNR investors to invest in KDR!

Nothing since 24/07: https://twitter.com/search?q=chaarat%20gold%20holdings&src=typd

No doubt when Redbird invested in BAO they stipulated that two of their management we elected onto the BOD of BAO as non-executive directors. But the whole thing does smell rotten. Just in the same way that Redbird are picking up BAO of a 'song' - no pun intended. Despite the low iron ore price, 6p a share is a bit of an insult and total diservice to shareholders. The BOD just seem to be showing their own self-interest - don't do as I do (which is intend to keep my shares) do as I say: shareholders sell you shares for a loss or very little gain as compared to the value of the assets. Unfortunately, this deal is typical of what seems to go on in AIM and yet nothing seems to be done by the regulators. The wording in the press releases is also very unhelpful and confusing - apparently deliberately. And who has been punished for their 'inadvertent' mistake? No-one...I don't believe there are such things when NOMADs are supposed to be on the case of the BODs and their releases and activities.

This is Albidon all over again!

Well all the parties have until midnight tonight (23rd) Perth time (about 8 or 9 hours ahead of UK) to thrash something out. Can't see Jinchuan allowing the banks to effectively take their already large investment away but it may happen. Check the ASX after about 2pm for information. That's what I'll be doing with fingers crossed!

Looks like the million shares traded was a sell. Fingers crossed for Friday when there is an EGM to decide the future of the company. Shareholders can't fail to vote for the Jinchuan bail-out otherwise it's curtains. Will mean another dilution though!

They are back trading again and have rightfully decided to put Munali on care and maintenance until such times that the nickel price rises to make it worth mining again. They are still not out of the woods yet as the current deal with Jinchuan could fall through. If you like having an elevated heartbeat from the trading followed by suspension followed by trading again scenario then Albidon is the one to throw money at! Otherwise, hold your horses and wait to see what happens by the end of the month. I still maintain that they should be promoting their uranium projects more.

Fingers crossed that Albidon can find someone to back them and that trading can recommence next week otherwise it'll be a question of "Al-be-gone"! The nickel price is BAD right now and it is hard to see how anybody can make a new nickel mine work in this climate. Perhaps Albidon should concentrate on fast-tracking their uranium projects instead.

Should have listened to my own advice!

Albidon have still got to go through the process of confirming their funding and raising some capital themselves so there will be some dilution if that kicks in. Added to the fact that overall things aren't really picking up that quickly or sufficiently nickel (accept gold), then there are a few reasons why the SP is dragging. We'll see what transpires as a result of the fundraising and private investments mentioned in their press release. If they achieve that, it will get them out of the hole (literally) that they are still in. Albidon themselves don't expect to get Munali fully ticking over until 2010 though, which is probably about the time that the metal prices may start to pick up sufficiently again. Can't see metal prices picking up again drastically before the end of 2009 really.

Just some sums: assume a company such as CDG says it has 1 million oz of gold resources. Assume this company can convert 50% of its resources to mineable reserves. Assume a highly conservative gold price of US$500 / oz. Assume US$400 / oz all-in mining cost (quite high as potential mine is in Europe). This converts to US$50 million potential profit or GBP20 million say (given the Pound is falling against the $). Discount that by 50% and you have GBP 10million. In the case of CDG, given they have 105.39 million shares in issue, this works out at 9.5p / share. The current share price is much lower than this and therefore, does not seem to reflect CDG’s potential assets. The same can be said for others such as Stratex who appear to have the potential to increase their asset base considerably but the share price is not reflecting this right now. If these companies cannot convert their resources into mineable reserves then forget the above but until that time comes, hold on and hope the market sees some sense!