Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I cannot understand how this company management have got to this position. They are sitting on amazing assets but can't see a way forward. So frustrating. They should feelers out to sell their assets to a company that can actually do something with them. I have been a shareholder for years. We waited two years for the feasibility study to be published. 2 years??? and where are we now? My investment strategy seems to be plagued with incompetent management. I was a shareholder in QFI because being in the maritime industry i knew that the IMO was pushing for cleaner fuels they had go the sole rights to a cleaner fuel. 3 years on where are they? Luckily I sold at a loss at 9p. they are 2 bid. ?
European metals holdings (EMH) jumped 53% today on news that there is an interest from Krupa Global on behalf of Ceske Lithium Company in buying out their Cinovec project with massive hard rock Lithium deposits in the Czech republic. . Is this the beginning of the scramble for Lithium? I hope so.
When the chairman said that the price did not reflect the true value and enormous potential I thought time to top up. Ha! My IG trading platform held on to my order for 12 hours when they were 34 offered and then cancelled it. So tried again but by now the price has shot up to 38 offered. Again no luck. This morning I have had use my other platform Hargreaves lansdown but they would only accept orders of 1000. 43 paid. So angry with IG. Cost me dear.
I see that a buy order went through early this morning for 450k which was then scrapped and replaced with an order for 4.5m. Difficult to count the number of noughts pressed on the keyboard. Also while I'm on, the usual was it a buy was it a sell? a lot of those deals shown as sells make no sense when they stand right next to a buy order of exactly the same price. isn't time The london Stock exchange reported actual deals rather than guesses?
Hi just turned on so sorry if this is old news
http://www.doriemus.co.uk/wp-content/uploads/2018/10/DOR-ASX_NR_-11-Oct-18-K3-Flow-Final.pdf
Yes I'm with you . never take my profits.. BCN 155p UKOG 11p KDNC 2p seen £50k become £22k and drifting. Stayed with KNDC because of their asset value . Stayed with BCN because of their vast potential. Stayed with UKOG for the same reason. BCN management disappointing, UKOG frustration with the planning process, KDNC when will assets turn into shareholder value?
Death by a thousand cuts. UKOG, BCN, KDNC. For 12 months I have been saying "Can't sell at these prices" only to see them drop again and again. My only comfort is an Ozzie friend put me into Walkabout resources (you are kidding) WKT.ASX which have nearly doubled.
Thank you FrankieH for your ubpeat report on the AGM I have been holding KDNC for many years being a REMMER at one time. My holding is disproportionate to the value of my portfolio because bought cheap and felt confident that this was the one that was going to make me a million. . I have been topping up all the way down as I the asset value of the investments gave me confidence. recently however, I have begone to wonder whether the company's ethos and strategy will ever bring shareholder value. If the company never declares a profit but continually reinvests into newly discovered exploration companies, never pays a dividend, when will we see a return? I would be grateful for yours and other views on this board. This is not a deramp as I am already down £10k
Perhaps the buyer already has 999975 and has a tidy mind. However, a lot of professional pundits buy tiny amounts just to get on the register and be able to attend AGM s. I knew a guy who would buy 10 shares of the big boys so that he could enjoy the freebies at the AGM . After i bought my French property I invested £1k in P & O and got a 50% discount on all Channel crossings. in the 7 years I owned the house, the shares went up three times. Best investment I ever made (the shares not the house)
Without doubt the most positive statement issued by the BOD since this project started. This has renewed my confidence .Gross income for the first year of production I would estimate at $185m rising to $350m when the second phase comes on. On that basis I see no reason why share trading shouldn't switch to the main market with all the attention that will generate from investment funds looking to park their assets. Onwards and upwards.
The lower the share price the more vulnerable the company is to a take over. I expect that more than a few of the big boys with lots of cash are waiting to see what happens next. They are probably hoping that the re financing will fail enabling them to seize the Sonoma project for a fraction of it's worth. I am a long term holder having switched from REM /KDNC some years ago and I am in whatever.
When a share gets to be top of the leader board investors otherwise ignorant of the company are drawn in and after investigation (including reading this board ) they most likely will want to get in on the action. This was my method of investing in 2006/8 and I turned £25k into £78k My Achilles heel is being unable to take a profit so Chariot oil, GKN, and several others of the same ilk had me clapping my hands until the 2008 crash when I was back to £25k. So remember Lord Rothschild's reply when asked why he was so successful " I have never been able to sell at the top" We have seen 11p . When would Lord Rothchild choose to sell? Answers on a postcard please.
I am baffled by the SP being so low. The assets of this company far exceed the share capital by a massive amount. If this company liquidated now and the assets distributed to shareholders we would all be very happy. Don't forget that as well as all the listed stakes, KDNC still has a 30% stake in the Sonora project. How much is that worth. BCN estimate the value of the project at $1.72 billion.