AS someone from Greatland Gold who has been right royally mugged by baxter I suggest all holders here get out and get out now. The bloke is useless. Just look at GGP's history. I've lost over 85% in there.
With commodity prices now appearing to have stabalised this hould now start to move up, it is just a pity it has a rather large holding in RRR which in my opiniion has a rathe large ? over it. With the share price so low, now would seem a good time for a top up.
Nick, I must agree at this price SVE is a steal even more so with the very good chance that we are about to enter a bull market for gold. At the moment the fashion is for Oil & gas so even the very good news for AAU still leaves the share price going down. Unfortunatley, as far as I know, there are no significant oil shares in the SVE portfolio but there are a lot of very interesting miners so for any contrarian I say get in now. I'm a bit stuck as wife has threatened all sorts of sanctions if I go overdrawn again!
Yes, it's moving on tiny volume. If you take the 13+p NAV it's a great entry price.
But this does not tell the whole story, for we take a conservative view when valuing our portfolio: were we to have valued our investments at mid-price, the value would have been increased by £335,000; were we not to have applied a discount for size to the values of five companies where we hold 7% or more of the shares in issue, the value would have increased by a further £730,000. Therefore, on a strict mid-market basis, the value per share would have been 13.37p with a share price discount of 56%.
Hi Ultra, Tottaly agree with your view on broker forecasts...talk about eternal optimists!! I have enough invested in SVE at he moment but I am watching the situation closely, both with Nordic and with their other major investments. Nordic dropped again today so the targets are even further away.
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