lol, the desperate ramping of a terrified man. I have a further confession to make, i added another 250k in my own name
fortunately my wife is completely clueless about our financial affairs, she probably dosent even know she has an isa, certainly couldnt log in to see its value.....thank fck!! So long as her plastic keeps working shes happy.
re RRL, ive had a good moan in the past, but it does no good. Maybe im a bit more positive since i worked out my bep....7.015p. Its better than i thought bearing in mind i bought 500k worth at 18p once. This bep takes into account many trades over the years and took me quite some time to work out, i successfully used to play the swings here before the big trini ramp, at one time i had made significant banked profits on RRL. My actual current isa share average is around 12p i think. (including wifeys)
So 7.015p is sadly my first target, thats the 'if i had put it in the bank and not fcked about on the market' figure.
Non-isa stuff still considerably positive, so not all bad
Not at that address, but with PL as non exec. chairman is Centurion Resources SWC.L . OKAP has 3% of the shares. Think PL's involvement came through Damian Conboy (Strait/Georgia) Don't know if there are more links between those two, will have a look tonight.
OKAP had a decent shareholding in RMP when they listed on AIM. It is hard to see them riding the share all the way up and the down again. They dissappeared from RMP's top 20 before the final Georgia result. be interesting to know exactly when they sold, if they did. And it would be very hard to think they did so without the involvement of PL. If OKAP's shares were sold before the result, possibly when things were starting to go pear shaped, how could that transaction not be tending towards insider trading, when PL is so tied up with OKAP?
Since you bought your missus some more of these , pre suspension, I notice that you seem a tad more upbeat and are even willing to see some potential positives in the future plans of RRL / IOP. Now that is obviously because you know what is going to happen when she finds out what you have done , if we are not a lot higher than we are now. So the answer to all our problems is easy ... Just get Landau to buy his wife some RRL shares and then watch them fly. He might not mind us moaning via email all day long . But he sure as hell wont want to get an ear full of Mrs L every time he walks through the front door !!!
Thanks for honesty and reasoning and GL with wherever you move your investment to. It is getting harder and harder to predict a "good un" on AIM and not many are turning out the way envisioned when first investing. I am waiting on the news due before deciding where to go from here. ATB Alo
run by mini-boy on world stocks, i have decided that i am out for my other halfs ISa at a hefty loss.
The reasoning for getting out is,
1. For a CEO to be involved in this level of e-mail discussion when he is running a multi million pound takeover is a bit worrying.
2. When reading his answers , he seems not to take any responsibility for any statements that he has made in the past or indeed acknowledge that the issues in Trinidad have not been resolved to date. ( i don't mind that things go wrong , but i do object to continual re-interpretation of history)
3. Taking over the company at a premium is worrying to me, he makes the case that the lack of liquidity means that the assets are undervalued, IMO it could equally mean they are overvalued, particularly as the company has one rather large private shareholder.
4 The finance needed to get all assets to production seems to be quite onerous and the company has little current production to help.
Finally the fact that the deal will either be through a scheme of arrangement or an off market transaction , meaning that RRL shareholders effectively have no say , is the most significant part of my decision to exit all shares.( apart from some in my ISA).
It does feel like more of the same to me, Trinidad was to be the underpinning for the company going forward and whilst it may make a great contribution in the future, it does seem that short term it will need more cash.
I wish you all the best and I have enjoyed the debate and the discussion.
But for me, i think RRl will drift, issue more shares, do a consolidation and then more of the same
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