Member Info for Simms45

It was 61p last June and so much has happened positively since that time that it does seem like the long expected re-rate could finally be happening. For new investors looking this is a perfect time to buy in just before expected good news on many fronts that are transformational and most importantly cash generative to move from explorer to full producer, first by toll agreement and then to its own production but the AISC of less than $700 is astounding and while we have 2m ounzes the CEO is very very confident of proving up a 5m ouze district that moves Condor into the goldilocks zone of major international interests as there are barely any gold reserves of this potenial magnitude, GGP aside :) Obviously all over coming years and we have 2 billionaire investors in Jim Mellon and Ross Beaty so they are no mugs as to what we have here. GLA

Some of the following RNSs expected very soon :

Plant decision / financing completed
Toll mining agreement with Calibre to produce likely $20M free cashflow a year
Construction of mine starting around August with first pour 12 months afterwards

Still expectation re-rate should take us over £1 on toll news and above £1.50 at least once all land!

The issue for me is CNEL could have caught the cleantech re-rate recently but has stayed hidden on purpose and website states nothing to help investors. I an holding on the basis that CNEL can join up the dots by hook or by crook and re position CNEL from being perceived as a relatively dull ethanol builder and become a little more bullish on its cleantech ambitions and credentials as it has it in spades. CNEL are dealing with tech to cleaner fuel to billions of existing vehicles so its just very depressing for me that for a tiny investment in resource they do not fully engage and 10x is not unlikely from todays price. Investors are looking for the next cleantech to back and it is only perception today holding CNEL back as most investors will spend 30 seconds making decision and those 1000s of new small investors have a big impact. Just look at Tesla who has millions of small pis.

Certainly a good start but also shows just how tightly held Condor shares are now given price rise on limited volume. Certainly there is expectation of 1 or 2 RNS this month.

Not exactly hitting the spot but we just printed £400bn and no one blink partly because everyone is doing it and thats on top of previoud QE. Why would it be inflarionary, only to gold, as you are moving sterling into gold and not into the money supply. US has been printing paper for last 20 years and so far they are living very well and limited inflation and its trillions so far. If the value of a dollar/pound is not really correct and inflation is ahead of us shouldn’t the government get ahead of the curve not be strategically looking after UK plc. brexit is supposed to bring independent action and oddly the BOE is one of the largest holders of gold for 3rd parties in the world. I understood China is buying gold. the UK should formulate a plan towards net zero taxation through government investment. Norwegian sovereign wealth fund is worlds largest and actually means Norwegians could technically be tax free for decades. Anyway its somewhat selfish of the UK to do such an action but i dont see it being inflAtionary as that comes if you you put into economy. I would expect most investors in gold are doing so because conservation of value and expectation of highet gold price and last year it rose 25 % so correct so far. Had UK plc bought £100bn it could have realised a £25bn profit. Anyway ill be quiet now :)

Small idea but why doesn’t the UK print another £100bn cash, seems small beer in this day and age when they have printed £400bn recently, buy physical gold with it. Wait for gold price surge over coming 5 yesrs and then sell it off to pay for Covid losses and return £100bn to BOE. If UK PLc thinks out of the box it could create a big Sovereign wealth fund and actively create value. While Norway has an advantage of oil/ gas and tiny population the long-term strategy should be to make a Sovereign wealth fund to create enough revenue to cover UK PLc running costs and continually reduce taxes across the board until we have almost no taxes at all. Yes does require a successful decisions on investments but not impossible. Certainly having a big position in gold is not a bad start given thr crazy QE countries have unleashed. When inflation comes in the end gold is the hedge all governments will want.

Can you post the link where to made a complaint as all channels need to be pursued.

Google spreadsheets appears to make you request permission to edit. There is an option on the spreadsheet go do that and would let anyone have write rights. I did look for an option to update with no request for access but could not find annoyingly.

I think applying whatever pressure we can is the only way forward. I have added some contact details i have for key people in the shareholder action spreadsheet https://docs.google.com/spreadsheets/d/1m0deerGVu96DI8gWqIkTrAKo9CBxDt-zxuZsE3KVJX4/edit#gid=0 and anyone can request to also be able to update as they see fit or add their shareholding. In regards to remuneration i looked through the IPO document and the basic salaries are stated at around $635k HK but if the numbers are correct there has been extravagant bonuses issued, for what i have no idea as losing 70% of a companies market capitalisation is hardly worthy of any bonus. Furthermore has any shareholder ever had email/phone with the CEO or been on any AGM with the company? what is slightly baffling is we should have a legal right as a shareholder to attend or be on the call for the AGM or be provided with copies of resolutions and discussions from the AGM.

or has this website simply swapped RMB for GBP by mistake, although i cant imagine the CEO took a pay cut moving to HK. Annoyingly it does not look that the director salary is provided in the financial reporting in HK so you do wonder where Wallmine is getting its information? Does this remeration include a one off bonus? Again it is very hard to find information as they do not look to need to show this in financial reports.

?? I think we may have our answer as to what is going on. That salary looks pretty excessive for a company worth £13m today and between just 2 directors they are taking out 10% of its market cap in salary? is this correct? I did a google and Zhaoxing Tang was paid around £80k last year?
https://uk.sports.yahoo.com/news/does-china-energy-limiteds-lon-080445220.html
Have we just found the real reason for the move to HK so he could take 8 times more salary? are we looking at a side door operation where the BOD rubber stamp one anothers excessive salary based on their shareholding (effectively a dividend in disguise) with no one able to challenge them? Surely other shareholders with 5% would question this if this is correct? Are other shareholders, especially LTHs who have not had a dividend, not appalled that the board are now extracting vast salaries (now explains the drop in profits in the interims) while providing no updates to shareholders and treating CNE like their own private company? seems very baffling as it would have just made more sense for CNE to just have taken the company private and buy off the UK shareholders so i am not entirely believing all this but certainly if correct and CEO is paying himself close to £1m a year then that is pretty incredible. Again where is Richard Bennett as he is responsible as a non-exec director to challenge this sort of remuneration when the role is the same?

The elephant in the room is the BOD own over 50% and therefore largely have total control and therefore acting in their own interests and not that of pis. As Mills said BOD could make extravagant bonuses and share issues to themselves (if they chose to but i have not necessarily seen that yet although the IPO awarded shares to BOD and staff etc). I am still not sure who were the new investors in the HK IPO as i have never seen a share register from HK like they have in the UK listing all those over 3%. This is the issue i think we are seeing. My only saving hope was that a dividend was a discussion point at the last AGM and the share price moved higher on expectation but did not happen. It is very hard to argue that a company making profits for last 4 years should not now offer a gesture at the final year results especially for long standing shareholders going back 10 years that have seen no returns, in fact large losses. If they do not announce a dividend then something is up and they must provide some explanation but the company is wall of silence with no one representing or responding to PIs. It could be that the BOD are quietly building their overall control through 3rd parties at this low price or it could be that the BOD are honourable and simply a group of academics who have no financial motivation. My biggest shock is Richard Bennett has gone to ground and now wonder if he has not left the company in all but badge as he has never spoken a word since the IPO and given no reason for this either. TopMoney alluded it was because of UK shareholders unable to deal but technically we are past that point and still nothing from anyone. Has anyone spoken to Richard Bennett in last 3-6 months? his contact details are easy to find as opposed to the rest of CNE that have never provided a mobile number.

I think the BOD should be concerned about the companies market cap. It affects employee morale and ability to keep and attract the best staff, reduces options to raise money through a placing and bank debt. It reduces sales momentum and partnerships as part of due diligence the share price today predicts a company incorrectly as a company going out of business and begs a log of questions. All this has already impacted CNE and will have resulted in own goals on all fronts and lower revenue and profits. Volume is key to create liquidity and momentum and for the company to operate optimally. the BOD need to be held accountable and Richard Bennet more so for hiding under a rock and presumably it might have been his last AGM as it just seems odd he was once relatively engaging with shareholders and now utterly ignores them and notting on twitter regarding any new news. Dont get me wrong underlying all seems good but something is not right.

I think while its big news for CNE its not big news for Mitsubishi and thats pretty normal and no specifics on any commercial agreements. Would have been nice for CNE to include quotes from any key people also but it was written poorly and certainly not by a professional. dissappointing this was not an RNS but nothing new on that front and i think they are playing a canny game of smoking out the brits forced to sell and pickup cheaply. With the company doing everything possible to remain off the investors radar in HK (basically hide and only release what is required) they can get away with it. hopefully a maiden dividend is announced as that is only way i can see a re-rate.

Looking back last 2 updates were on 23rd and 28th of each quarter so potentially trading update likely sometime between these dates.

I agree it should be due very soon as you would think this and ideally TK news would drop before the trading update and webinar. Could be an incredible couple of weeks ahead but useful to know what date the next webinar and update will come as that could be helpful.

Nice to see German eqtec listing pulling up its socks to 2.5p so hopefully a good start to the day tomorrow.

Good to know HL have sorted the fiasco of not allowing some investors to trade all this time and we can hope that applies to everyone so there are no investors not able to trade if they want? As you say we can hope this was somehow holding back news but surely HK investors would be foaming at the mouth from this lack of news and 70% crash in the meantime so it is also hard to believe that HK investors would acccept this. Pressure needs to be applied and recommend any investors reading this to send email to key people from CNE to request expedited news updates on contracts as per the IPO as they were big and clearly highly connected to future market cap. I have noted the .3 share price that has been pretty sticky and you do wonder if someone at the end of the day mops up any UK investors exiting on the cheap before news developments are released. Again that would be seriously improper but really lost for words at the radio silence and projects such as Inner Mongolia that was potentially massive and surely if they signed or not that the market needs to know as that adds a large amount of market cap alone. Had they stayed in the UK and presented themselves as a Cleantech with all their IP they would have surely caught the recent wave when most cleantech companies have 2-6x in a matter of weeks at the end of December as the expectation of massive orders globally being placed to meet Paris Climate agreement and net 0. Clearly Ethanol is low hanging fruit and why we are now seeing countries mandating higher blends of ethanol. However CNE are way off target with their communication. CNE should be valued at £100m at least and not £13m and a rebrand and relaunch of their business and some engagement by the BOD would reap huge rewards. The only question is can we drag the horse to water.

The good news is that if the seller is done the price should firm up tomorrow as it picked up this afternoon once the seller was done and almost blue. I think a lot of pis scratch their heads in these circumstances and question their sanity but MMs use that info to unsettle some pis. imho i think we have overshot in the downward trajectory.

I have seen buys and sells taking weeks to fill before it is announced in the trades data. Only people who will know are the MMs who work to fill the order. Often manipulating the price to flush out buyers and sellers and making a profit on the margin.