Member Info for SimonThePieman

Wow! Boooooooooom, at last! This is going one way today.

Another one of those 'We are pleased to announce that the value of you shareholding will collapse by 30% today". Can this be worth minus money? What junk this is. The SP has fallen dramatically and with regularity over the last five years since los calatos was 'of national interest. Remember that one?

Probably something to do with those options that were recently exercised. If that's true then at least they are no longer hanging over the SP like The Sword of Damocles. That's a good thing.

I do not think PIs held the sheer volume of shares that have been sold into the market in the last six months. So, we'll see. This 'deal' needs a lot more scrutiny.

I think more shares have been sold over the last 2 1/2 years that there are in issue. Especially over the last 6 - 8 months: the number of 2.5 million plus sells recently, almost on a daily basis, raises the eyebrow. It of course could all be rubbish and there won't be a placing at a discount but it looks orchestrated.

If there is a placing at a discount to faceless-no name private investors then questions have to be asked as to where the shares came from that have been sold recently. Too much volume over a short space of time for my liking. Let's see.

For the last 250 trading days @ 55/45% selling of 16 million traded per day is 8.5 million sold X 250 days = 2,125, 000, 000 shares sold at an average of 0.0025 = 5.3 million pounds. Uncanny?

I just don't trust it. I kept wondering why so many shares were being sold and moreover where they were coming from. If there is a placing then you might deduce that they have been selling with knowledge of it. We'll have to wait and see. I hope I'm wrong.

In my opinion they have been forward selling placing shares for the last year or so. It makes you wonder where all the shares came from that took this from 0.8p down to where we are today 0.2p. 6-8 million a day, day after day. If there is a placing I hope the regulators investigate short selling of KDNC. I'm not sure if short selling with knowledge of a placing is legal. If there is a placing at 18-20p then I believe we have all been screwed. If that happens I will definitely make a complaint to LSE and the FCO. If I'm wrong then I apologize but it smells of something fishy.

Must be good otherwise why do it? Buys coming in at 23.5. Shorts closing? I reckon it has been shorted from 27p down. Oversold who knows.

I think this passed the point of being cheap at < 2.30. It's 1.85 now. This was 3.5 when oil was < 60 dollars. Oil is now > 75 dollars. Seems low risk at this price but hindsight is a wonderful thing. Watch.

The start of the revenue streams.

Twenty million is still a lot of money. Add that to the 47 million they have in the bank and your over two thirds of the way there. Certainly eases the pain somewhat.

With almost everyone a victim of theft by banks is there any wonder why nobody is buying these shares. It just goes to show that despite the buy back nobody want to get into bed with the devil.

Not often you see the SP hit the placing price within half an hour! If this was oversubscribed why aren't they buying into it at the placing price? In other words nobodies buying it. I'm also averaging in the mid 70s.

Kind of tells you they aren't making any money. So no matter how many deals they do they don't seem to mean much revenue wise.

Was the last news printing shares or consolidation? I think it was printing. So we're due a consolidation before the next print run. Does the company own anything? They are fast approaching a billion Aussie dollars of fund raising. I'd like to see Howe's yacht. I bet it's a big one. Must cost a lot to run. There was a short term cash generating gold mine mentioned a few years back. They mentioned trying to sell assets to raise more funds. There was a placing recently. This company has been alive for years and years and years. Do we even have a permit yet? Where did all that money go? I'm waiting for the next placing. I think we are at the pre drilling stage somewhere in the world. My 20k investment is now worth in the hundreds. It will never recover IMO. I'm surprised they haven't delisted.

The latest RNS shows that Lanstead Capital's holdings, as with the rest of us, has been totally obliterated by the latest dilution. Watching this share makes you wonder how any of this is legal. The constancy and magnitude of the dilutions in such a short space of time coupled with the sale of the biggest asset makes you wonder where the debt is coming from. What did they do with the hundreds of millions of dollars they raised and yet don't have a shovel in the ground. After years of bags of cash they haven't produced an ounce of gold or a single piece of copper. Really it's been hundreds of millions of dollars. I haven't seen a trade in months, buy or sell. How can you buy a share that not one person buys? Anyone in their right mind would have delisted. Something very, very, odd about this company. IMO DYOR.

Storm in a tea cup if you ask me. It seems it's been sorted now they have abandoned the social reforms. In fact it seems all the better for us now as the government will be focused on revenue streams. I can't see this going lower. I'm holding.

20p? Is there a placing coming?