Member Info for Simms45

If this umbrella deals get signed this month, that i hope is binding, at the very least our $60m+ of sweat equity (Harrys sunlounger to some :) that is written off will be converted into equity. That alone is a 2-3x just with a bit of accounting. we know the warrants are already lined up for 1.5p as the equity top-up but this is $300m finance package and we are in for 70%. Roll on the umbrella signing as it should be the turning point. Then start thinking BIG about resource upgrades to JK, Hawiah monster, JQ and this is a mid tier copper/gold play in 3-4 years. i am quietly hoping Hawiah is valued as highly as other recent mining plays in the middle east and with undoubtedly a world class copper resource and its global importance this could easily happen. I have a feeling Artan will take this straight to the stock market and our 30% will be very healthy.

If MC could tease a bid from someone it would do wonders for any future placing price as it would underpin the price. An ideal scenario is to take any offers and rather than ignore the approach out of hand as i am sure he has batted some lowballers he could at least say to suitor he will put it to shareholders and then let shareholders kick it into touch and at least it will underpin the value. Majestic invested at 50p so at 31p we clearly have a good way to go. now where is the update from the dataroom, BFS and financing is what we next need to know as June is upon us and getting close to 6 months into the year.

Well spotted and looks to be reasonably on track. Keep up the pressure on Ivy regarding dividend as i only remember this discussion of a dividend was brought up for the 2020 results but that got canned because of the suspension. Richard B is also strongly in favour or a dividend simply because the company is grossly undervalued and yield is a key factor is valuation of companies and makes sure silly valuations like CNEL are not allowed to continue. if the board ever plan to grow the business they need to ensure the market cap is appropriate so they can issue shares. There is still hurdles to overcome i am sure the hkex will see CNEL have only offered lip service to provide transparency etc. The auditors have almost certainly closed a door on some very mysterious cash deals with mates and they should be honourable and take it out cash through the front door with everyone else. since they are a large owner do they really want to spite the small number of pis they have. at the very least they should offer to buy back all shares until the price at least reaches the IPO price.

I could not agree more. Big energy will one day takeover Eqtec but will need to be worth a £1bn or more and have a £100m+ revenue for them to even pay attention imho. We will get their but we now need to get projects live and financed as quickly as possible to prove all systems go and get into the goldilocks zone where big energy will pay attention. Exciting times ahead and todays RNS simply adds huge credibility to the medium term plan.

I did say £1.50 if we can contain the dilution and potentially suitors in dataroom come on board to help. factoring also that MC secures a sizeable bonus when he hits £1.50 share and a probable 5-10m district with probable rising gold price there is good reason. Calibre have half a mine not operational showing a lack of ore to hand and while all gold miners are in the duldrums gold prices should rise on thr back of economic stress and inflation. i dont think Condor will get sold for less as Jim and MC know that regardless we have massive cash flow once operational so once finance is done we are in a strong position.

This final report has more detail and although they wrote this in retrospective circumstances it talks confidently about 2021 and expansion abroad. Board look to own directly and indirectly 70% of company so lets hope dividend is announced as we cant be taken over. Plenty of positives.

Very hard to value so simplistically. Each mine has different AISC and whether it is inferred or indicated together with politics and other factors. Any suitor knows we will be producing in 2 years. therefore the opportunity is the difference between gold price and AISC. Call that difference $600. Then you are basically saying how much will i pay you now to get $600 for 9 years. I think certainly more then $40 but less than $200. the more certain the project becomes the tighter the value of gold we have which is indicated. I would conservatively put Condor had many multiples of today the closer to production we get. The BFS and finance will significantly increase confidence of gold production and amplify our value per ounze. All variables once confirmed reduce the difference right up until we get to $600 when producing, or what that might be. Not much longer to wait and certain takeover is a non starter and if its going to happen will be post finance and pre production where we should be at £1.50 a share, which is still low market cap if we can contain the dilution. Could be weeks or low months away from financing and proper traction. Certainly not interested in lowballers at this stage. Lets stay the distance and see this to production to disprove the doubters that MC can do it.

Bottom line as we know we have to start closing deals and getting those alreadt in development live so we can access ongoing revenue streams and free up management time. Has been quiet on both fronts but all projects are in play so we it is largely a waiting game now at end of Q2 with little released this quarter. We need those closures and projects going live to increase confidence in the management and technology underpinning the company. As soon as they get into the zone the share price will take off as if the revenue targets are credible we should make a profit depending on how costs are being controlled.

In my view without the dividend that Richard B has initimated is seriously being considered and long overdue we face uncertainty relisting as the market will simply, and correctly, identify the duo who own this company as not acting in investors interests. We will have accumulated over $40m in profits over the years held in reserves but currently have a market cap less than this. That us bonkers but the BOD own most of company so they decide. no one can take them over unless the BOD want to be so that dividend is really important if they want to be serious and grow their business and raise their market cap towards $150m where they could be and raise serious cash to expand. Anyway order book was big and not aware Covid had any impact in China back end of 2021. Lets hopefully see improved financials and developments in Hydrogen and 1.5 and 2. Need to keep up pressure on Ivy and team to try and get message to the BOD.

Overhang presumably cleared as we have had far higher buying volumes recently and with all the meetings taking place in South Africa and updates generally it seems finance, at this time is on track, for the binding umbrella agreement in June. Maybe some people closer to the project have heard some news.
As we know Kefi moves very fast when the overhang clears as historically you can see the flatline after every placing while the advisors, brokers and contractors sell off their stock for working capital. Even without expected news on JQ and Hawiah on licensing we are worth 9p NPV according to reports and that is very conservative with the Hawiah project barely scratching the surface and similar sized projects at a later stage IPOed for close to $1bn so i do wonder if Kefi will spin Hawiah off in due course for the same process. Anyway lets get back to 1.2p and then regroup at 2p pending more news on the umbrella and security sign off that will trigger the bank finance. The overhang was the perfect time to acquire more stock before next month.

Great to see positive extra ounces and all leading up to bigger news. We now own 99.4% of land so i think we are probably in the home stretch as the last few artisinals must be clearing out.

I suspect the 30m trades could be the overhang getting cleared as we have been bolted to .7 for so long and a buy of that magnitude would normally have an impact. If so we can hope its the last of the overhang and maybe today we can push on. Could still be more a activity to come but so far all of the time table has been largely met and in some ways exceeded with security update and investor meeting in South Africa with MOM. we are now getting close to June so we are moving into the supposed key month that should flush things out. We will see but share price is suggesting nothing is happening and that could be artificial as this share has taken off quickly many times before.

When you have open meetings like this the omens are good as it is largely agreeing timelines and expectations so that all parties move together as well as flush any partners out who might simply not be in a place to complete. Next 6 weeks will be decisive.

They spent about $4m and 4 years planning to move to Hkex. If they wanted to delist they had no better time to do that when they left the LSE as CNEL was worth tuppence. Instead they raise cash at 10hk on hkex and then screwed their countrymen over who invested as shares were 50% less before suspension. I just do not see this outcome be their intention. I would really like to see a video of either of the duo to understand who they are as they are clearly very capable but lacking entirely in basic investor relations as anyone would be talking about their growth story and Hydrogen etc in a big way. If board wanted to take private they could announce a share buyback and simply hoover all the cheap shares and use some of the $37m of accumulated profit.

But my goodness so much going on but nobody outside of the company would have a clue as we only learn about Yoga and coffee mornings. How is that allowed as surely it opens the company to claims of insider trading? However the numbers speak for themselves so the duo are thankfully delivering where it ultimately matters and numbers should get bigger based on that order book from the year end and from the further orders in this half year. if we hit $10m net profit this year we are on a PE of about 3.5. That is ridiculous for a company so far ahead in many respects and moving into Hydrogen and 1.5 and 2. They should have a PE of 10-20 or more? Had to chuckle, albeit cry, when i read 2 PR contracts miraculously returned all money to the company. Very benevolent of the recipients or they had no choice :) Marketing and admin are also down as i hope the auditors are keeping a close eye on our duo at the top and their nepotism etc. As expected our largesse of expense on "PR" in India has so far generated 0 sales but will hold back until we see the finals so there is still time for the duo to somehow substantiate some if any of their PR bears fruit. A rocket return to the HKex now greatly relies on the board declaring that final dividend for 2021 to show a sign of confidence and draw a line under this mess. Today they have more accumulated profit than is the total market cap of the company and that is absurd for such a fast growing company in some of the best growth markets today and in the future. will the board finally declare a dividend as it is long overdue and surely if they can boost the market cap by 3-5x this year they can carry out a placing and grow even faster. today their market cap is so low it is nonsensical to do a placing.

Wow. looks like they smashed it out of the park
https://www1.hkexnews.hk/listedco/listconews/sehk/2022/0516/2022051601028.pdf

Looks we are still filling the overhang as 29m shares just showed up that has now been filled. Been here so many times where share flatlines for weeks and then shoots up out of noewhere and takes you by surprise. Almost like a puppet on a string but now its a case of further news landing as that meeting with MOM with all partners and positive security report are really good indicators for me as that has not happened before i am aware. Only 2 weeks left of May and plenty should happen between now and end of June.

Well i have more confidence since Jim Mellon sold his biotech company for $15bn cash to Pfizer so i heard on this board he got $150m which means he has too much cash and needs to put it to work. Surely Condor will be a beneficiary but i sense suitors are circling and we would be sold by now if our share price was not so low and that JM and MC would ignore any offers for now. Once we are over £1 MC and JM will need to take offers more seriously but JM is the kingpin as he holds such a large stake that no deal can happen without his blessing, if in fact he does not make an offer himself? BFS is held up articficially pending backroom talks i suspect. I am sure it could be released if we needed it now but something is up with all these shares changing hands.

Not sure MC has much to do with fall as we had a measly £60k of shares sold today. Its the MMs marking down as the float is so low and MMs hold few shares so mark down. shame as land acquisition is very positive.

Excellent news to find out we have bought 99.6% of the land and now in the final stretch. Wonder if we might get more news next week on dataroom party or anything else. Odd to release quarterly on friday so lets see.