Member Info for Simms45

That is not correct as i understand. To allow someone to short or go long on any stock in AIM there is no possibility of finding a couterparty in all transactions. There are articles how Spreadex operate and they take couterparty risk or else they would only cover the ftse 100 stocks. I actually setup an account to better understand and you can short even the smallest AIM stocks and then probably come on boards like this and bash it. Spreadex then become a MM for Kefi and operate the BID and ASK and if you watch L2 you will see how they do this. Once they have a position they then make money offering a spread and as most people who buy and sell Kefi they probably can access a fixed price quote somewhere in the middle.

Fantastic news. Spreadex have been selling shares consistently for the last 6 months holding back the price. If they are down to the last 2% then things are about to start to move. For a long time Spreadex would pin the price and as we noted would never move for weeks from a spot and then when they stopped selling it would rapidly rise to the next level. Onwards and upwards and hopefully Spreadex shenanigans will be over. Possibly someone with Spreadex had a massive position although its possible that Spreadex was running its own book as there is information of how Spreadex will be a couterparty to a spread better and take the risk.

I am sure HK investors are equally fedup and suspect some group of shareholders will ultimately band together and table a motion to make changes. Seriously what they actually need to do is basic stuff but something is really off. The last results were dropped and there was no narrative at all. Literally revenue and profit. There was no chairmans or CEO statement to give some narrative, nothing about forward guidance of any sort, no more details around the finance charges. Its a total black hole what is going on and the share price is sadly responding to that amateur approach to shareholder engagement. I still cannot believe the official website has 6 pages and no news or anything on it. What do sales enquiries think when they see such a poor website and the UK website still talks about the LSE listing. This is basic basic stuff that anyone can fix and the longer the BOD act against shareholders the worse it will be for the BOD until some are removed and replaced with a team who get shareholder value and the act of “sharing” that value. Its now on my checklist of due diligence for investment to check BOD engage their shareholders than to treat then with contempt. They have a chance to turn this around but they need to move pdq.

Most of the fall in US was when UK was open today and arguably is tech focused sell off. Condor should probably have a good day tomorrow as its a port of safety with gold solid over 1930 and MC at the helm.

Not only that but in Ethiopia he is working directly with the government who are a shareholder. Not any company can create that sort of relationship. In Saudi he is working with the royal family. These sort of top table partners in these sort of jurisdictions are worth a lot to projects like this where if you need something to get done on the ground we know who to speak to :) The biggest issue with gold miners is time. It takes normally 10 years + from exploration to production and in that time war, famine, politics etc etc all come and go. In the meantime a company continues to dilute shareholders as is the norm until the point they pour gold. We are into the final furlong to make that happen and while few will shed a tear for Harry his own dilution has taken him from over 10% down to 2% and he founded the company!

Have to also remember just how good this update really is. They say 10% above their expectation from only 3 months ago and this is based on 12 months revenue. therefore what they are actually saying is that the final 6 months of the year is a belter and we are 20% ahead of their upgraded expectation. The hybrid mattresses are flying off the shelves and the profits are piling up and wind of this will filter down to shareholders who can spot a good deal when they see one.

Fantastic detective work by all parties and confirms what we all suspected that we are growing faster than anticipated and increasing our profitably quarter on quarter. We saw 25% growth in revenue in Q2 2020 YOY and in the same period we halved the marketing costs and added £1.1m to net cash. If we extrapolate the same 25% growth for Q3, which is conservative that we have just completed, and Q4 and keep marketing costs halved and factor in £1m addition to the net cash for each quarter we are probably looking at a £2m final year profit which is incredible since we had a loss in the first quarter as part of the turnaround so they have turned the ship on a six pence. While we do not have the forward guidance but even if they flatline next year (i suspect not) and make £1m a quarter that could put Eve into the £3-£4m profit for 2021. Certainly we should now hit 10p for the half year results as we are still a ridiculously £17m for a growth company that has over £10m cash in the bank, generating £22m+ revenue and easily £2-£4m profit next year. Once you remove the cash we are worth a tiny £7m today for this business. The vultures will swoop by next year if we are not at 15p or more. 10p seems conservative if the half yearly reports points the way it looks like. GLA.

Personally if you were Harry it would make no sense where he now owns only 2% equity to raise funds today as he and the BOD all took salary cuts and happy to run ln fumes. The message was a raise post TK finance. why raise today at 2.3p when after the Saudi PEA it will be 3p and then after TK finance would be 5p+. At 5p+ a raise on the back of a massive re-rating is small change but even then Harry would be probably looking at doing a debt raise as opposed to placing as Kefi would be in a place to do that with up to 70% of a funded mine and operational in 18 months. Certainly for the sake of 2 months and a good wind we are looking at 2x the current share price. I also wonder if TK financing is secured that some of that money will be paid out go Kefi in the form of fees for consultancy as the deal is in a 3rd party entity and Kefi will be expected to bill The SPV in same way as other contractors. Not sure what income Kefi might make from that but probably a good level to sustain BOD. exciting times hopefully just round the corner.

it is always tempting to top slice recovery stocks but Eve has a good way to go and i think bigger rises to come if the results show a profit, how big, and future guidance. Certainly Eve must be viewed next year as likely to be part of some consolidation or takeover because Eve is a low hanging target. The market cap is still barely over the current increasing cash balance so if a takeover did come out of the woodwork over 4p of the share price today is the cash so we can really consider we are at 2p today. There is no chance the BOD would even consider anything under 15p because once you strip out 4p and assume Eve would be saddled with debt by the acquirer you might well get Eve for free at 10p. Anyway too early to see any offer being credible until results and when we are closer to 15p before Eve would be considered to be in play.

This share order must have been filled over several days. it was certainly a buy but very sneakily purchased with a 2.33 average.

01-Sep-20 16:50:44 2.333 11,661,194 Buy* 2.21 2.39 272.06k

Certainly L2 is again looking thin in the ground at the moment and really the next level really is 2.44/2.45 for ASK.

2.4 88,517 14:22
2.41 123,517 12:02
2.44 30,000 12:02
2.45 300,000 PEEL 12:02
2.45 1,000,000 12:02
2.48 30,000 12:02
2.5 300,000 WINS 12:02
2.5 300,000 SCAP 12:02
2.5 200,000 STFL 12:02
2.55 200,000 CFEP 12:02
2.57 200,000 SING 12:02

Happy to slowly rise so we will a support base as we move edge closer to 3p but Saudi PEA could take us over 3p and then TK financing is anyones guess but certainly 5p seems inorder but that is barely £70m market cap so realistically this is more a base case in that scenario. Personally Saudi to me with the PEA must be worth £40m on its own so you really have to start thinking that if and when the TK finance drops and we have consistent plans for 2022 production then is as little as 18 months and we will be weighed down by gold bars that will be throwing off serious profit and funding the Saudi projects. Everything is falling into place and gold price is looking strong for closing offtake agreements and equity investors.

Things are tightening and looks like the penny has dropped. Can see 10p arriving a lot sooner now as Woodford shares look to have found long term holders leaving fewer free float and we were 8p pre Woodford and in a complete mess. can see this spiking higher.

Kefi has had a good run up from .9 but all eyes are on PEA this month for Saudi and the possibly the biggest rabbit out of the hat this year for financing the Ethiopian project. This is no small undertaking as its $220m and basically all senior debt, takeoff agreement and some equity from 3rdp parties but will leave Kefi with around 60-70% of project and not requiring dilution. If they pull off and so far no concerns will be a meteoric rise i suspect from the £32m valuation today. Resource same as Condor and Saudi is same size if not bigger. For me a lightbulb moment is why doesn’t Condor also not consider taking a 3rd party cash investment to make up the equity component as it might bring in both expertise and cash. I am thinking Rio Tinto via Calibre and more i wonder the more it makes more sense. Perhaps the toll deal is getting more interesting. Anyway i am massively overweight on Condor due to the steady nature of the beast you know it will come good but just not when. anyway exciting times as Condor is getting pretty damn close to lining up those ducks and agreement getting that last land plot will probably be the kickstart but i still sense toll could drop at anytime.

Great to see Clonbio making very high profits from Ethanol production.
Did anyone find out what happened to Visontai as it looks like it disappeared from the radar and not heard anything since? I think the plany got built but of course you will never find any news from CNE as they keep everyone in the dark but news goes quiet in 2015 and so called website is offline and could not see if someone acquired the plant. Odd as if plant was operational it should be somewhere and CNE should have 25% stake? CNE should follow eqtec and create turnkey solution helping companies in planning, taking equity stakes and helping with finance. Lets hope the BOD take on board a new strategy as they are looking very weak today when they should be 4x todays value with a more proactive BOD to share some of the 40 possible contracts on the table :(

Coiled and ready to strike :)

thelearner also pass your eye over Kefi Gold and Copper as interested in your view. Many parallels with Condor in resource that can help you benchmark and understand its value today but should be exciting 4-6 weeks if the right RNSs drop. Both Condor and Kefi are on the cusp of big rises in my view. Certainly Condor is looking to be coiling up for the sprint in next 8 weeks. Always interested to hear about stocks where people are waiting on that confirmatory RNS to drop. Nice to see plenty of high climbers today for other gold and mineral stocks today.

Looks like Randy took a very .5% snip from his position to 7.9%. That probably explains the go sideways recently for Condor. Hopefully thats done with, he can buy his new Bentley, and we can move on :)

Great to see us hit the symbolic 5p today and hold. I sense Dr Jo might be increasing his stake as if you have the cash it is rude not to. Great bit of detective work Errhum. i wonder how many traded companies offer this live stock information. would be interesting to take a 9am and a 9pm number and hope the stock levels are updated overnight. We could theoretically track an approximation of sales. plenty of traders would get some programmers to track this to get a heads up on sales although there are many other measures one could mix this with. All we know is Eve is an absolute bargain, barely worth more than the cash in the bank, will hit over £20m sales, many of the high end high margin hybrid mattress and have been cashflow positive and profitable since the New Year. There is every chance we will be at 10p by the next results to confirm all the detective work and then after than forward guidance, if any, we could be off to a new trajectory as even 15-20p on the basis of ongoing profitability and increasing market share will be reasonably conservative given Eve will then be a plump takeover target or merger with any number of suiters caught out by its lack of a ecommerce footprint as strong as Eve. I am sure Emma is keeping a close eye on but Eve has every chance to grow its market share and take it away fro Emma with some work on the marketing and positioning.

All the best with GGP as if you get your 30p you will be sitting on top of a £1.2bn gold exploration company. Very nice work if you can get it and hopefully those invested have run the numbers on profit forecasts and when that might be and how soon the PFS and environmental permits might drop. Over here is Condor land we are on cusp on unlocking a 5m ounze district, selecting mine infrastructure, finalising last land sales to give us ownership on land larger than the square mile in London, £8m in the kitty and probable toll mining agreement. With Condor at a slightly slimmer £59m with high chance of seeing good levels of cashflow early from toll agreement i will decide on upside potential. Investors might also glance over Kefi Gold and Copper and come to conclusions about its own £35m valuation and what it might be in a months time. Gla and hope all companies bring home the multi-baggers. Lets hope some news starts to flow this week.

Yes. £33m market cap for Kefi who could be on the verge of becoming a major gold producer in less than 18 months is looking unbelievable. At 140k ounzes of gold with $850 AISC with Kefi with 60% stake the maths is (140,000 x 1150)* .6 = $97m to Kefi profit before tax yada yada? On the other hand as you mention you have GGP currently worth 17 times today at £560m who although have a great asset they are probably at least 5 years from any actual permits or production from what i can see? i am not expert on GGP btw but for me there is no point investing in GGP as to double my investment i have to believe GGP will be worth north of £1.1bn and no revenue and burning at least £6m a year in overheads? This is a number you might expect for a producing large gold company today. I agree for me also Condor is a great benchmark as both are massively undervalued but Kefi if they can pull off the financing should be worth easily £100m without even thinking. for me Kefi has the most upside i can see at the moment but always interested to hear other opportunities that people see just as exciting as Kefi.

This should get through to the right person but it might also be sending the same to Ivy Xu on xuhj@zkty.com.cn. I am sure the HK and Chinese investors down 50% are livid and also on the case. i was looking for the equivalent of LSE in China or HK but could not really find anything. has anyone else had any luck? I really hope that some future projects are shared but history tells a different story as i can only find 1 RNS for a contract win in last 3 years. its quite depressing how CNE seem to enjoy their own suffering simply by not being a little more upbeat and confident. Some companies you have an RNS almost every week on one detail or another. Some of these are 10x the market cap of CNE but have considerably less chance of success, revenue, margin and no chance of profit for years but investors love it and keep on investing. Just look at the grand master like Elon Musk at Tesla and understand the power of communication. Come on CNE learn the rules of engagement as you should be £100m market cap!