Member Info for skier1

Lol.

Have another quote from old Con roy... from 8 years ago ;-)

* Mar 23, 2012 = "Clontibret... gold resource... over 600,000 ounces [$1 billion]"...

* May 19, 2020 = "Clontibret... gold... 1 billion"...

Nothing has changed in almost a decade.

Except old Con roy rinsing "investors" for around £2 million and seeing a -99% decline in the shareprice since launch, lol.

https://www.proactiveinvestors.co.uk/companies/amp/news/34107

As predicted, once again, AML now plunging back into the red. Giant debt, collapsing sales, mega placing for £1 billion and shareholder dilution on the horizon. Fair value is recently recalculated at just 1p. Future cashflow breakeven is years away. The charts are now pointing to a push back down into the 20s as the next stop.

You can already see a bottom starting to form in the BT technical charts. MACD and EMA10 are now firmly in the buy zone.

With homeworking set to double in the next few years, fast-fibre will be essential, and BT will get rerated as a growth stock, like the early days of fast-mobile in the 2000s. The BT CEO, who grew WorldPay, is piling in millions of his own cash. Money where his mouth is. A fresh wave of big 5G growth coming for EE. BT has unmatched Wi-Fi assets in public hotspots. Openreach is now up for sale, and the £20b will instantly fill the pension hole and pay for the UK fibre rollout in one go. Not to mention a juicy one-off dividend after the selloff, the inevitable return of the regular dividend, and those neverending rumours of a takeover by Deutsche Telekom, VC funds, etc.

With fair value (future cashflow) currently calculated around £3, BT is a no-brainer today at £1.

Lol.

Enjoy some previous quotes from old Con roy and his "company" CGNR ;-)

2012 = "We have heard some rumblings of discontent about the lack of a joint venture partner thus far... We understand from the company that contacts exist with a number of companies, which could be potential partners"...

2013 = "Con roy... is now poised to take the crucial step of securing partners – the choice could be a joint venture"...

2016 = "Con roy said the company [CGNR] would now be looking at bringing on board a joint-venture partner to progress the project whatever route it takes"...

* July 11, 2018 = "CGNR... substantial gold resource"...

2019 = "I [Con roy] also look forward to possible joint venture initiatives arising from our presence at the [PDAC] conference"...

* May 19, 2020 = "CGNR... substantial gold resource"...
* May 19, 2020 = "CGNR... looking for a partner"...
* May 19, 2020 = "CGNR... looking for a partner at the PDAC conference"...

Lol.

Looks way overvalued now at this level. The technical bump has run its course. The underlying issues of drowning in debt, collapsing car demand, and a mega placing on the horizon have not gone away. Get ready for a tumble here.

Old Con roy does the same thing every year. Pump it with an exciting word (pink diamond), pump it again (diamondiferous), pump it a bit more (orangeite), place it with mug punters and shifty brokers (£300k), wait until the shareprice crashes to 1p, recalibrate shares 10:1 to 10p, start the cycle all over again, 10p back down to 1p. Repeat every few years, while taking millions and millions in salaries and expenses. There is a word to describe it, and it begins with "f" ;-)

Go back and look at the RNSs from 2000 to 2019... It's been the same "pump and dump" cycle for 2 decades ;-)

Looks like old Con roy has got his dictionary out over the weekend and found some new words to pump it up with. CGNR now has some exciting "polarization and resistivity" to go with the "high" gold grades, lol. Must be time for yet another placing ;-)

SRNE is up +200%...

Nothing to do with the CEO. The big banks and funds want their cash and fees. Almost all other big Euro telcos have flogged off their network assets. What the banks want, the banks get.

Lol.

All the colours of the rainbow!

Have some quotes...

* Nov 29th, 2017 = "...look to develop... the first diamond mine in Europe outside Russia"...

* Jan 16th, 2019 = "...pink diamonds have been found at Lahtojoki"...
* Feb 18th, 2019 = "...pointed to... pink diamonds... at the Argyle mine in Western Australia"...

* May 15th, 2020 = "...pink diamonds has been found at the Lahtojoki deposit"...
* May 15th, 2019 = "...it has pink diamonds... at the Argyle mine in Western Australia"...
* May 15th, 2020 = "...looking to bring into production... the first diamond mine in Europe outside Russia"...

Have one more quote from old Con roy...
* May 15th, 2020 = "A long way... obviously... to go yet..." ;-)

Shareholder gains since KDR launch in 2000 (twenty years ago) = -99%...

Pump by inference.

Every year.

They now need at least £100-150k for Finland forest rental compensation...

Get ready for the dump on the mug punters ;-)

https://www.kareliandiamondresources.com/sites/default/files/2019%20February%2018%20Half-yearly%20Announcement%20Final..pdf

https://www.proactiveinvestors.co.uk/companies/news/919674/karelian-diamond-resources-focused-on-bringing-its-lahtojoki-deposit-into-production-919674.html

https://www.youtube.com/watch?v=Zn8lsFET6aI&feature=youtu.be

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/KDR/13446968.html

Yes.

Of course he has denied it! He just bought a giant chunk of stock, getting ready for the rocket to the moon. If he confirms the sale now, he's going straight to the clink.

It doesn't need to be true -- he just needs plausible deniability, and he's golden ;-)

The FT doesn't mess about. It has good sources.

The fact a £20b figure has been leaked on Openreach, right off the bat, is also very telling. It says someone has thought about its value, calculated it, and rounded it up to a highly marketable number that everyone will get excited about.

This looks like the start of a planned campaign to selloff Openreach. Whether they sell the network or the maintenance, or something else, or all three, it doesn't matter. They will find a way to make it work. The CEO is set to make millions from spinning it off, the bankers / lawyers will make millions from the deal, and shareholders will see some dollar.

As predicted, once again, a lovely technical bounce today, right off the 27p support line. You'll never make an easier +20% in 1 day.

Have closed all positions again now. Enjoy the sunny weekend, people.

The £20b Openreach sale will clear the pension deficit in one swipe, pay for the giant fibre rollout, and leave some cash in the pot for a juicy one-time dividend, followed by return of the regular dividend.

The bankers will be all over this, like bees on a honeypot. The chance to make tens of millions of banking fees in a dead banking market will be impossible to resist. The Americans, Germans, Australians or Indians will be swarming round it.

Not to mention the timing... The CEO fills his boots with stock, followed a few hours later by leaked rumour of a mega £20b deal. Anyone who has ever watched Wolf of Wall Street will know how these things work ;-)

Actions speak louder than words. The CEO wants to cash in, the banks want their deal fees for the selloff, and the news reports are giving notice that Openreach is up for sale (despite the denials). With a £10b marcap, and £20b selloff, this is a no-brainer.

Not sure what the whinging is here. The planned £20 billion Openreach sale is 2 x times the current share price. This is like a free cash machine.

The big CEO buy and the huge ~£20 billion Openreach sale all point to a massive bounce here off the 100p line. Charts suggest 150p is doable in a flash.

The IC article has killed sentiment here. Any close below 20p today will signal a push for the 10-15p range.