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KDNC directors with huge egg on their face? Trouble is i am in them as well and sitting on a substantial loss
Always kept the faith even in the bad times. Doubled my holding at 17.25p and 21.25p. Very happy now
I bought into KDNC way back because of it's major holding in BCN. Now they report that their holding is down to 1.7%. Does anybody know what KDNC paid for their original holding and what they sold them at ? BCN hit 155p at one stage and I don't remember any announcements about a reduced holding at that time? 2 years ago i sold half my holding in KDNC and bought BCM as i wanted to be a direct stockholder. Glad I did as my interest in BCM now would be minimal. Recently I sold a chunk of KDNC and invested in EMH, and Auroch for the same reasons.
28 bid. 10 p below my average. Here is hoping!
How many times has a delay in progress seen advantageous arrangement partners pull out? Tessla, for instance. Take off partners need assurances provided by positive action. We are getting to the point where car and battery manufacturers will be scrambling to secure deals but BCN's track record is not good. I sincerely hope that the board get their fingers out so that the promised financial backing doesn't disappear also.
Last month I decided to sell half my holding in KNDC and reinvest in companies that KNDC are involved with. I now have shares in Auroch Minerals, BCN and EMH. Have just topped up on EMH as I believe of all the holdings, that will
show a profit first. My reasoning is that I have lost confidence in the KDNC SP ever reaching the all time high of 2p. Yes I was holding then and didn't sell. Doh! £ signs going through my eyeballs.
In days of yore the LSE had a two week accounting procedure. This enabled an investor to buy on the Monday and hold the stock for two weeks without any money changing hands but if after the two weeks there is insufficient movement in the stock you can do a "Bed and Breakfast" which takes the transaction into the next accounting period (New time) I used to do put throughs when i was a LSE Dealer. No risk to the Jobber (MM) he just made two entries and took a very small turn. How they do it now electronically I have no idea but you have to make sure that you have enough cash on the account as your broker/platform will sell your shares to cover their fees.
Which RNS triggered this phenominal rise which boosted my portfolio by £10k? Both were good news but we have had a year of good news which did nothing to the SP. My money is on Bacanora. I rather liked the idea of Bacanora being a 50% shareholder of a company which is looking at splitting off and getting a quote on the German Market. " In tandem with the FS, the Company is in discussions with financial advisors and potential strategic partners with regards to a potential spin-off and separate listing of Deutsche Lithium. This is being considered to assist in the funding of the construction of a high value lithium operation at Zinnwald.
I am with you coffeecups. It is ridiculous with modern technology not to have buys and sells reported correctly. Both my
17p and 17.25 top ups were shown as sales? Trading inside the quotes is normal and with a fast moving market it is impossible to make accurate guesses. The bargains should be reported in full.
Three attempts at dummy sales via HL failed ??
That is good news and bad news. That means that you paid 17p I paid 17.25 p and thought I was getting a bargain!
See you when they reach 100p
My top up shown as a sell??? crazy system.s. The HL quote was 17-18p but the offer was 17.25.p If mine was a buy then most of the trades shown as sales are actually buys.
Last throw of the dice. Have just made a serious top up. Surely this is the bottom. Brought my average down to 26p
Many moons ago I switched from KDNC to BCN thinking that it was better to be in the real thing rather than be in an investor of the real thing. Does that make sense? Anyway, at the time KDNC (REM) were 1.8p and BCN 94p
However i still kept half my holding in REM. Rem rose to 2p and eventually BCN rose to 155p. Then it all started retracting. 125p Couldn't possibly sell at this level. 100p couldn't possibly sell at this level. 90p couldn't possibly sell at this level 50p couldn't possibly sell at this level. 25p couldn't possibly sell at this level. 17.5p Cannot possibly sell at this level. Every level i couldn't bring myself to sell at looks like a dream price?where to next? Ditto KDNC.
Ref your question about asset values I have compiled a list as I see it.
Company Share capital KDNC share KDNC value
Bacanora £122m 6.9% £8.418m
European metals £26m 19.2% £4.992m
Aurock Mins A$7.5m 6.7% £272,544
Hastings A$ 116.711M 30% £3.241m
Macarthur Mins A$8.919 10.1% £488,506
Total £17,412,050
In addition KDNC hold 100% of Greenland Rare Earth 30% of Megalit 30% of Mexalit
. I have not been able to place a value on these investments. Compare these figures to the KDNC share capital of £11m. and you can see where I am coming from. If I have missed something please let me know.
EMH holding currently worth £5m against the share capital of £11m Add in all the other investment values, the NAV per share is substantially higher than the SP. Add to this the future potential it appears to be a no brainer. I don't understand why the pundits are not highlighting this share. I keep topping up. Last top up was at 0.13 bringing my average down to 0.61. A little good news could see this holding back in profit. Sold half my holding way back and invested in BCN at 97P Good move /bad move?