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Promising to see high concentrations at relatively shallow depths which would reduce OPEX. Hopefully they can expand the test drilling results to evidence further samples of high concentration gold near the surface

Never mind the impairment of goodwill, the nail in the coffin to me is the medical negligence claim!

Being sued for an amount in excess of their policy limit... Whilst my understanding is that claims are often settled for less than the initial value, what is size of the shortfall? Is it 1m above the limit or 10m?

A strong opening, up to 118p out the gates (+25% this month). I'm optimistic as a longer-term holder that this has plenty of room to run now the artificial ceiling has been removed.

Share price is going on a great upward run following the results release. It looked to have settled 160-165 but has surged on beyond that. Long term holders/followers might remember the 2020-21 run that saw 9x from 56p to 497p. Could this keep going to 200 and beyond? With 6.2% revenue growth and 30% growth in operating profit as per their Q1 announcements, they would be performing in line with 2021($220m revenue, $29m operating profit). Yet this is sat at 10P/E vs c. 17 P/E in 2021-22. Feels like this has plenty of headroom

Took an early nose dive but seems to be bouncing up towards 108p. Must be people selling on the news.

I think this is a medium term hold. Get clear of loan repayments, show progress on the 5YP of 100m EBITDA and we're laughing. I can see this being 200p by the end of 2024.

CARD haven't issued quarterly updates in recent years, news is often quite minimal.

You might not hear anything until the Half Year in September.

However, they have given trading updates to go with key events e.g. debt refinancing/repayments.

Psychic!
Annual dividend this year of 10.2c ~ 8.2p. A very tidy 10% for early investors!

Is this the vesting of the 2019 grant (performance period end 31 Jan 22)? Timing would be a about right as the results are finalised. Linked to EBITDA & OFCF vesting conditions. Surely a good sign if they are meeting the targets...

Also we know how quiet the Board are in terms of RNS updates...
I don't see them releasing this kind of positive update if next week's results would serve to contradict the upwards momentum

Well done to those who held faith against the shorters and doom-dayers. Let's see where we end up over the next few weeks!

Wow, some incredible positives to take from today's RNS
Big NAV increases, which we are currently trading below. Whilst not cash profit, it is great to know the vessels would generate a positive return if sold.
It's the dividend cover for me that is really good at 4x. That's money either coming into our pockets or being reinvested

These are great grades! Actually in excess of our Bellevue neighbours and at under half the depth.
Hopefully further drilling results will lead to a bumper JORC

I think we will see this keep ticking up over coming weeks even if its a few p per week. Very pleased to have topped up in the low 50s after the baffling drop on results.
I can see it playing out similar to Luceco or Lookers. Again, way oversold but due to "accounting anomalies." Fundamentally strong businesses once clear of those overhanging clouds - not dissimilar to Card and their debt which we are expecting to be clear from in the not too distant future. Luceco went 33p to 500p, Lookers went 11p to 74p. Will card go 28p to 200p? Who knows, but I believe the upside risk is many times greater than the downside risk.

Sold out in 2 weeks.
If demand holds constant, that means they could have sold 6.5x more product during the 13 weeks in the quarter
If that's the case, we could be looking at a lot more than 48% quarterly revenue growth...

We only own 30% of the project having paid c. 3M GBP. How are we going to covert this to 100% ?
I was expecting an RTO of NGM and maybe some warrants or options to raise cash for drilling.
Although I guess the current approach might allow a couple of phases of funding - hoping it maintains momentum

Neighbouring licenses:
ASX: Liontown Resources. SP from 3c in 2019 to $1.72 in 2021. +5700%
ASX: Bellvue Gold. SP from 2c in 2016 to 88c in 2021. + 4400%
See also..... St Barbara, Ramelius Resources, Bulletin Resources, Kula Gold

It's one to put in the bottom drawer for me. While I can see the restlessness of holders (particularly those who bought in high after the RTO), the potential here exists in that we have a company with integrated supply chain (Materia) that could launch into any number of European countries not just dependent upon UK legislative changes. Once one goes it will be like dominos in quick succession and Kanabo is best placed to capitalise

Nothing that I'm aware of!

~2bn USD at today's prices
+ Gold (undetermined quantity)
+ The other licenses

Jed, do you have a link?