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HOLD: I SOLD
THEY PROMISED to inform shareholders on wells. NOPE. Three well are SECRET. M1,M17 and the one spudded in early December.
Poor results?
Why else would they withhold well details.
BUY at 15-18 cents -- I'm disgusted with the absence of disclosure.
15-18 cents: with Mgmt action as is, and A SECONDARY OFFERING COMING -- consider SELLING PART and buy back 20% lower.
The bid-ask spread is ridiculous. Blame MGMT; or the lack thereof.
SECONDARY OFFERING SOON, IMO.
Value: What's the replacement cost on the Madagascar property alone? IMO, DANI ought to be selling at 15 - 18 - 20 cents Canadian. We need to see a week where the stk jumps at least 5 cents a share.
I believe their former JV partner has near 1 billion shares at .006 or less. I think that tells the whole story. They were on the verge of bankruptcy, IMO.
STRONG BUY: Major Upside Potential: DNIs operations update may be the catalyst that "easily" pushes the DNI stock price into the $0.20 price range. I'd consider the stock price suppressed - based upon comparative values. Look at these Cobalt and lithium companies with stock prices that VALUE these firms at $20Mil, $30Mil even $40Mil or higher.
DNI offers real value. Mine development appears reasonably certain. With relatively few shareholders and house to sell, even a moderate, still consistent level of new / additional stock purchases is likely to push the stock significantly higher. Volume need not be be explosive; if I'm correct, and most stock is held in stronger hands, this MOVE is at hand. Projected New Market Cap: $25-$35Mil
Just watch what even moderate trading volumes can do to DNI's stock price. **
?? ?? : Fair Value: $25Mil to $35Mil Cap
Worst Possible Case: ?? $15Mil - $20Mil
** $35Mil valuation estimate is driven by the limited availability of current low cost, large flake saprolite deposits; or, even the higher cost, high grade large flake hard rock deposits.
Cougar was weak financially. 1 billion or more shares priced near a penny - or a bit higher. They signed up for a project that could not be completed. LOOK at yesterday's stock trades, I believe the value of all DNI stk sold on an exchange, likely the Canadian exchange. Total value was under $40k for a boatload of shares. I was tapped out, still added an embarrassingly little, 3000 shares at $0.057 cents. DNI dropped 33% based on $40k - $50k in volume. ( My numbers seem low; but this type of activity does.) PERFECT BUY OPPORTUNITY. It was educational; and I trusted the numbers and bought, opting not to sell. Volume and total stk VALUE may have a story to tell. Be vigilant.
MORIARITY: 321GOLD: EXPLOSIVE UPSIDE. I have to agree. Managed properly, MOLOF could be producing 3,000 to 5,000 bbls a day, easily, within 30 months, IMO. When companies are so quiet despite my expectations of the opposite behavior, what's up? A BUYOUT would be a bargain. A $1 a share seems insufficient, too cheap. And MOLOF sits at $0.25, darn absurd. Still, despite hiring an Investor Relations Consultant awhile back, operational updates continue to seriously lag. WHY! Anyway, I am done with my comments.
A statement of cash flow by Cougar, dated Oct of 17, I believe, revealed that their only source of cash and sole cash balance was a stock sale for about $800k. Considering that stock sale financing window is probably closed, the financial constraints of Cougar seen to legitimize DNI's claims against Cougar. I just wanted to put the info I have found ... on the table. Hope this helps.
UNDERVALUED: OPPORTUNITY to leverage 300 wells already perforating Red Cave. When do they take advantage of this tremendous opportunity. If reactivating adds 3 bbls a day and the well is already drilled, what needs to be done to extract oil at Red Cave? And, can they extract at multiple well levels? When operational updates begin and the overdue website corrections eliminate website inaccuracies (JV ownership is 50%, not 25%), I believe the stock will start a sustained upward trend into the 50-60 cent level.
Cougars market cap at 1 penny suggests over 1,000,000,000 outstanding common shares, if the data I accessed, is correct. I saw a $10.1Mil market cap. I have to side with DNI. Behaviors suggest Cougars over extended on it's projects. The lack of onsite MGMT intervention casts doubt on Cougars liquidity, IMO.
179,000,000 fully diluted limit upside. Tolling requires Capex of $10Mil? How is this done? Sell another 200,000,000 shares? Takeover potential exists; @$28 Cobalt, it is fully valued. No cash. Do not discount HYPE pushing stock up to the 20-25 cent area. Huge share float is a potential company killer.
Dan Weir's news release, again IMO, well, I was impressed by his timely, thorough response.
Curiously, this was a critical project for Courgar. Why wasn't top management on site! The lack of involvement and the inability to even provide the proper drill equipment when the prospective return appears so enticing -- IMO, it hints of Courgar's illiquidity.
Why is Aben avoiding a detailed analysis of 2017 Drill Results; instead emphasizing the historical drill data? IMO, the co. Tried a wild card drill gamble; and did not develop and pursue a well planned drill program. No ... no of those supposedly too many drill rich targets ever returned even ONE respectable gold grade. Avoid.
The absence of reasonable shareholder operational updates continues to be a stock price anchor. After the last performance update, 400 BBL a day as of 5/2017, operational updates either stopped or we're incomplete. M1 was demmed commercial, 25 - 30 bbls a day before gas & go as liquids we're measured. M17 spudded when ? About 4-6 weeks ago? And, where does everything stand. What is monthly output? How many wells are reactivated? WHEN does Molori reenter the Red Cave formation on some of these flowing wells? Surely, it's cheaper. And, even the Molori promo on 321gold website i WRONG. 50% ownership in the Ponderosa JV happened in October. It is already December; and what exactly is that new Investor Relations Consultant supposed to be doing? In my opinion, my concerns are reasonable shareholder concerns. Resolving these offers a win-win outcome for all parties involved.
Q3 was dismal. MGMT Focus: Output-Earnings Stability. It's time to slow this 110% reinvestment mindset; stop drilling/drilling/drilling. KLDX creates a perception of HAPHAZARD MGMT. CO must stabilize and maintain manageable and predictable production levels: SPENDING TOO. It smells like drill overkill. The $2.38 stock price is what KLDX DESERVES: performance is too erratic to instill investor confidence. It would also be helpful:
1. The Midas CIL circuit for Hollister ore adds how much in daily Midas mill tonnage?
2. When is KLDX increasing Midas Capacity? Can they expand slowly, like a 250 ton annual mill output growth? A leach pad alternative strategy for marginal ore?
Midas Mill needs expand to at least a 2000 ton capacity. If modular approaches could add 250 ton segments, not interrupting operations, that would be ideal. WHY isn't KLDX developing a mine/mill plan that makes everyone comfortable.
Making decisions on the fly needs to transition into a disciplined and controlled structure. $2.38 might then be $3.50-$3.95: not $2.38.
Cougar did some work and gets NOTHING in return. DNI now gets 100% of output: or they ...... can bring in another partner (perhaps a Korean end user) on more favorable terms, putting up a few $Mil and completing Cougars work. This MAY BE good news for DNI. IMO, their properties are WORTH $0.20 - $0.50 a share; and that value will continue to grow. How much is that 100sq km property worth? In my mind, their mine site could already be worth 20 times over cost, depending upon resource detail. They have a huge mineral resource -- and $20Mil is too little to replace Madagascar holdings.
MAJOR MISS: 300 of the wells to be reactivated / repaired "have already perforated the Red Cave formation.I THOUGHT that this was a major plus. Casing exists, wells are connected, so, what is required to access the RC formation.
In my mind, this fact alone should have pushed Molori into the $0.45 - $0.60 price area. Well, EXCEPT MOLOF is NOT keeping shareholders current on operations. DELAY my price projection until MOLOF decides to share info that we're are entitled to -- but have been denied. Updates are too few and the M1,M17 well status...delays, all activity, SHAREHOLDERS ARE ENTITLED to know WHY Molori refuses to keep inner current. Failing to do so only pushes investors away or encourages them to sell. MOLORI dates keep slipping, news we get us by default, Spud M17 .... AND ....just stopped drilling or it was a failure in an area with a 100% success rate? What's happening? Is everything on hold?? Well, I'd like to know why we can't get biweekly updates on operations. After that 40 to 400 BBL production growth, now what, 6-8 months old, well update us on operations.
The implication on that rapid growth was that it would CONTINUE. Instead, it's flatlining. MGMT owes us some explanations.