Member Info for uncleal

There are many ducks to this company and they seem to be getting into a row!

There is an old maxim when investing. Never let historical trades cloud your judgement. This normally relates to selling when you have seen a great profit and failed to capitalise, there is a tendency to hold on regardless. Witness UKOG!. However how about if you bought very low saw them go even lower and sold only to watch them triple.? You know they will be a star investment but can't bring yourself to invest at this level. Well bugger it. I am back in. Having sold at 19p now back in at 59P am I an idiot? watch this space.

I retired in 2006 and started trading as a hobby. One stock that kept popping up was Paddy Power at 20p Like an idiot I ignored it and as it reached 50p I was annoyed with myself for missing the boat !. DOH! On the basis of better late than never i'm now moving into gambling stocks. On line gambling has very few overheads compared to the high street betting shops. I bought Webis on Monday. Better than playing the horses.

My 2k purchase shown as a sale? What a ridiculous system.

My 2k purchase shown as a sale? What a ridiculous system

New to this board. Just chucked in a couple of grand. Can't get over all these tiny trades? what's that all about ?

The day traders are having fun today. Back up this afternoon.

Cadence holding in EMH currently worth £20.88m Holding in Macarthur Mins £4. add to that 30% holdings in Megalit and Mexalit, 30% share in Hastings 3 minerals leases and 6 exploration licences plus Amapa. With all that going on our Mkt cap of £27.44 is ridiculous.

I am a remmer and sat on losses for some time. I sold half my holding and bought BCM EMH Macarthur Mins and Hastings all of which have done ok. At the same time I took advantage of the poor KDNC performance and now my average is 9p The assets held by this company keeps me on board. Macarthur holding now worth 4m pounds. Ok I should have sold KDNC when they reached 2p (200p before consolidation) and BCN at 155 but not selling when I have a profit has always been my biggest downfall. When I invested I wasn't aware of the enormous costs and time scale required to produce lithium but there is a light at the end of the tunnel. With the World gearing up for the energy revolution and the demand for lithium set to explode, I think our patience will be rewarded handsomely. I am not selling at this stage and do not have a price in my mind that will induce me to.

David Lenigas is an Australian Geologist with connections historical or current with several high profile companies. BCN, KDNC, UKOG..EMH Hasting Technology metals Macarthur minerals. Although some of his interests have been a bit disastrous (DOR) for instance he has many connections in the exploration business and seems to have his "ear to the ground" no pun intended.

2 buys equalling 40m

Cadence do not own any Hastings shares but they have a JV agreement with Hastings which gives Cadence a 30% interest in the project with the proviso that Hasting bear all the costs. Hastings current cap is A$ 235m which probably reflects the estimated value of their 70% interest in the project. On that basis the Cadence current value in that project amounts to A$70m . I would be glad to hear from anybody who has another take on it. Last year I halved my holding in KDNC and reinvested in Hastings, Macarthur and EMH. That has worked out well. The one thing that Cadence are good at is spotting a good investment. I have been in Bacanora for a long time. Saw them hit 155p and said here we go. Didn't know that here we go meant down? but with Ganfeng on board there is no limit.

Too busy picking up the nuggets

The BCM holding used to be 9% but it is no longer mentioned> I think it was quietly sold off. I did ask Management but got no response. However they do own 30% of the mexalit project which is not quite the same and difflcult to value. I copied this from the website.
Quote
La Ventana and La Ventana 1 concessions, which are 100 per cent. owned by Minera Sonora Borax S.A. de C.V.(“MSB”), a wholly-owned subsidiary of Bacanora; Cadence Minerals, Cadence has no interest in these concessions.
El Sauz, El Sauz 1, El Sauz 2, Fleur and Fleur 1 concessions, which are held by Mexilit S.A. de C.V. (“Mexilit”). Cadence has a 30% direct interest in Mexalit through its Joint Venture with Bacanora. Unquote

Dummy sale on Hargreaves 19.2 bid . In demand

One of my David Lenigas stocks has finally taken off. I have been buying all the way down the lowest being 5p so my average is 9p . My other DL stocks are BCN and UKOG. If UKOG go into orbit with a Turkey strike, I'm cashing in and buying a seaside property !

Sold these at 9p eons ago as I thought the management were dragging their feet. For instance there was an International Maritime conference on cleans fuels but Quadrise were not there. I asked them why not and they replied that it was too early. ?
Perhaps with the IMO breathing down shipowners necks its time to go back in. ?

I think you may be a bit light on Yangibana. This is a joint venture with Hastings Technology metals and is part of their major asset base. Hastings cap stands at A$217m and Cadence has a 30% interest in most of their projects.

27% buys 73% sales yet the price goes up 2%? Happy with that as a LTH but it makes no sense?

Mullins 58 I too have an AIM portfolio and have enjoyed some major recoveries of late, . KDNC BCN, Wishbone and EMH, The only stock gumming up the works is UKOG and I am hoping that will change soon. I have averaged down and now hold several million at 0.29. It wont take much to put a smile on my face.