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I bought in with £5k a few years ago on a lazy little punt on rare earths and lithium. I did no research, not going to lie. I basically wrote off the investment, then with the utter joke that was the RNS on mcarthur that caused a spike i hit the bid. I thought this was a fraud and a dead duck. Then the amapa situation really piqued my interest.
I genuinely appreciate work from some on this board; EV and observer. High quality stuff. I used it to be a fund manager, i valued my good analysts highly. I’d hire EV in a heartbeat, he’s on the screws. From checking his research and the doing my own on amapa, i bought in pretty substantially for me. I then sold out around 26p when the chart failed to break out last time. I bought back with about a 20-21p average not long ago. I’m long 586k shares. I think this is worth a quid on amapa alone. All the other stuff other than EMH is a side show to me. If it comes in happy days, if it doesn’t no tears. KM pulled an absolute rabbit out of the hat with amapa. Tremendous stuff.
Kind of think if i was “in here since REM days and still massively underwater” I wouldn’t be pumping myself as some kind of investment sage and harping on at “newbies” not knowing what they’re on about who are up 50%.
That’s what makes a market i guess.
Yep you’re right sniper, I shouldn’t engage, filtered wnd of drama!
Jesus i’ll filter you for everyone’s sake, that way I won’t feel the need to repsond.
PS. Little hint - the fuel sloshing around in cars wasn’t part of a delicate process involving an electrolyte solution passing through a membrane that adds and subtracts ions under a constant flow. Little difference there.
Also thanks ghin and i agree. This stock needs advertising, it is not going to get that with a self-satisfied and pompous cabal denouncing anyone who doesn’t drink all of the kool aid. My point about sonora was basically to add some balance. People get put off by boards that only see outrageous upsides and don’t tolerate sensible dissent. You just have to look at something like BMN to see the animal farm farce that board descended into. Love the stock, but keep it real.
The sp was given a base here in the recent lows from its EMH holding, it rose on amapa. That tells you the market doesn’t put much value on the other assets - including sonora, whether its 500k or 1.5m. Like i say, happy to be wrong about this, it makes me more money, but i’m not holding my breath. I’ll look for the 2-3 bags fairly quickly just from amapa.
Tbh I underestimated the resource by 2/3, but i thought £20m would be totally top end, i’ve paid very little attention to it (clearly!), I just don’t like sonora, i think it’s grubby. I’m here for amapa primarily, have everything else other than EMH discounted pretty much to zero.
If sonora does fetch £20m+ i’d be ecstatic. It makes an already ludicrously cheap stock even cheaper.
Worth asking KM what he thinks it’s worth in the Q&A (he’ll obviously say a figure double what he’d accept he’s not dumb).
This stock has suffered, inter alia, from a lack of volume and good publicity - it’s had enough bad in the past. That’s why we are so undervalued, that will change, fortunately it looks like volumes have and will continue to pick up. This could be 2-3x current price and still be a good buy.
Ignore that - see it included with inferred. This is worth £200m easy!
Lol, maybe I’ll hold out for £25m, it’s still in a crime ridden hell-hole riddled with problems. We are a minority holder and have zero leverage. The sooner it’s gone and we have cash the better.
A) cadence has 30% of mexilit. That does not equate to 1.478 attributable to kdnc. Show me where this is obs. The link does not.
B) BCN is toast, it’s being delisted. Gangfeng owns it, any morons holding out to be part of a private company can kiss their investment goodbye.
Kdnc have about 500k t attributable to them for sonora, so yeah fair enough the 8.8 is 8.3mt, my bad: The valuation of which was £285m aka this stub piece that we hold is not going to be sold for anything like £100+, pure fantasy. Give me £20m, i’ll rip your arm off. If/when that happens, don’t be disappointed.
All the BCN shareholders think they were ripped off - it is in a crime-ridden hole, with myriad issues around it. Your asset is worth the most people are willing to pay for it, nothing more.