Member Info for uncleal

Sticky B key

Big buys Who knows what ?

Hello, I am new to this board having dipped my toe in Shanta yesterday. I saw the below which caught my attention .

https://www.investorschronicle.co.uk/tips-ideas/2020/04/08/shanta-as-good-as-gold. I gather that some of you have been in for some time and may be stale bears? This share looks cheap to me .

HL showing 13.3 p bid

Cadence stake in Hastings now worth 19.8 m Add in the rest of the portfolio and this is a 100p share. Been topping up all the way down and up. Now showing 45% profit.

12 bid on HL

Mastro Nikos 43,000 gt en-route to Santana eta 14th May.

Regardless of the oil price and peoples opinion, shares sold 97m shares bought 633m in any market other than AIM this would be going through the roof?

Any more thoughts?

"Dry oil flow rates during the initial 48-hour "clean-up" period to date are encouraging, with metered daily rates averaging 223 barrels of oil per day ("bopd"). However, as is to be expected in the early clean-up stage of such a horizontal wellbore, both oil and associated gas rates have been very variable. Half hourly rates have thus ranged from a high of 778 bopd to a low of around 10 bopd during intermittent short periods of "slugging" (i.e. the return of discrete pockets of gas and/or completion fluids). "

Just done another major top up. Puts my average down to 9p was going to top up at 8p, then 6, now 4.45p as I truly feel we have hit the bottom. Mind you I did put a stop loss in as well. Last toss of the dice?

Net proven value

When the SP hit 8p I considered buying a big lump to bring my average down to something nearer the current SP. Thought of it again when they reached 6p where is the bottom? Can somebody calculate the NAV per share for us? Info from the BOD is very frugal. We have no idea what they pay for their stakes, what they get for them when they unload (Bacanora) DLG has a lot to answer for sucking us into this loser.

A lot of 1-2-3 share purchases, which would not make any sense except that journalists buy one share in a company to get all the advantages of being a shareholder, including invitations to AGMs and company updates. This is encouraging because it shows an interest in the company. With the Green brigade stepping up and Boris's vision of fossil free transportation, the pundits will be searching for major lithium players to bring to the attention of their readers. I still predict a scramble for Lithium producers when the "penny" finally drops.

Don't bother to respond. I have just replaced my holding at 6.75. I should have dumped the remaining shares first and started with a clean slate. However I didn't think of that so my average is now 10.3p Mr Lenigas has cost me dear. On the other hand I could have sold everything at one time with a substantial profit. Why can't i learn to sell on a profit? Greed steps in ha ha! have a good Christmas and a successful 2020.

Earlier this month i posted that I saw 8p as the bottom and gambled another lump of cash at 8p to bring my average down to 14p. At the same time i put in a stop loss order at 7p and was informed that I am now holding very few shares as my stop loss kicked in. I still have a stubborn faith in this company which is derived mostly from the NAV. Question. do i replace my holding at 6.75p today or wait till after Christmas to get a better bargain? I can't imagine anything will happen in the meantime to scupper my plans.

My last quid I was heavy into GKP a few years back and sold at a loss. You win some and you lose some. Mostly lose. I run three junior Isa portfolios for my grandchildren and have always been cautious investing in unit trusts with a proven track record. All three are doing very well. Why can’t I do the same for myself instead of always chasing the one that’s going to make me a millionaire ?

I read a post recently where a holder was complaining that his average was 14p and a few posted that they were envious. So was I, so i took steps to get my average down to 14p. Not so much a top up but a massive gamble for me. However, I do see this as the bottom and with all of the KDNC long held investments beginning to achieve their long held goals, I see 2020 as our year. Interestingly I paid 8p but a lot of 8P deals are shown as sales.

Picked this up on the BCN Board. Is the World about to recognise what we Remmers have known for years?

https://www.reuters.com/article/us-usa-lithium-electric-tesla-exclusive/exclusive-tesla-expects-global-shortage-of-electric-vehicle-battery-minerals-sources-idUSKCN1S81QS?utm_medium=Social&utm_source=twitter

I like you post. Everytime there is an interview about either renewables or air pollution the question arises "where is all the lithium going to come from. There isn't enough in the world to maintain the expected demand?" Well I can tell them where there are several projects to keep up with demand and in due course this info will filter down to the big investors who are looking for the next Apple. Then watch for the scramble to get on board. 2020 could be the year that our patience is rewarded.