The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Tried to buy 20,000 this morning at the opening but the market wouldn't take me on. Had to settle for a lesser number and paid 11.95p. The resignation and consultant contract seems a good compromise. Get the current applications through and and in the meantime find someone else to take on the CEO position. Future funding for their ambitious plans remains a mystery to me.
Some great trades coming through! Anything under Lst weeks value is an absolute steal here. Back to 15 p
I ignore you Ayecuramba, because you are naive.. Have you ever been abroad ? or is it Grimsby and 'the 'van'?
Denby - I tend to agree with you. He should have been gently fired. Trouble is, he probably has 'a relationship' with his Govt contact re the CEOLs. Steve needs someone who speaks Spanish, and knows these mining procedures. A new 'relationship' would have to be formed, and that takes time and persuasion.. (etc, etc)
Steve knows this... and certainly won't admit it. Meanwhile, most intermediate news will be just positive 'spin.'..
07:47 - New day, same old FUD, LoL CEOLs are issued by the government the government of Chile has not been effected by Aldo's fall from grace. Reality check, he is now an advisor on the CEOL to the company and as Steve was the main force behind the application there should be no issues. So I think it is clear there will be no CEOL timeline extension, back to you chief FUD monger :-)
Onwards!! Mm had their fun bring it to its knees now it is time for a rerate on sentiment
Kick him out and get a new leader Mr. Aldo
Methinks the timeline for the receipt of CEOLs will now be extended. Mr. Aldo will have enough on his plate what with a divorce, loan problems, pretty much having lost his job, and his future as a 'consultant' limited to the time it takes to get those CEOLs. Add that tainted standing to the already huge drop in the equity value of his shareholding. Let's just hope he gets the CEOLs, so the SP, and thus his equity increases, to alleviate the said problems. I hope he sees it that way, rather than bitter feeling to his fellow directors. Pride and face is a big thing with the Spanish peoples.
Happy to buy at this level . GLA
FT - too funny, pretend economics really just an agenda rag pleading with the central planners. The obstacle to adoption will be solved by industry not by committee. China is producing the cheap urban ones (but the europeans and americans will and are protecting their market for their poorly considered product) and meanwhile they need to sort out the range and recharge issue for a viable replacement - which arguably is coming if Toyota aren't fibbing about their moving to a solid state battery (resolves thermal runaway issue as well). Then we may finally start to see a viable electric motion revolution - let's be fair, anything that reduces (truly) dependence on big-oil is a win for the humans.
"THE ELECTRIC VEHICLE REVOLUTION IS RUNNING OUT OF STEAM.."
Governments need to work with carmakers to reduce the obstacles to adoption
APRIL 10, 2024
Raisingdonuts thank you for your post very well balanced and constructive post.
Stop being facetious, it’s tiring. The update will clear up at least some of the nonsense being spread around (Simon Thompson was talking drivel). We know this is nothing more than a collateralised loan. The error was his not telling the board and consequently the market. Musk did the same with his Tesla shares, it’s common for CEOs to raise funds this way - basically it’s a misdemeanour. What we have yet to discover is whether the lender sold those shares, forcing the price down and as such getting more shares posted as collateral and repeating the exercise. A sharp practise that could ultimately destroy the individual but makes no discernible difference to the company - bar an unnecessary and painful share price drop. If this is the case then there is an institution out there who are on the hoc to buy the shares back they’ve sold if the loan gets returned. It could make for an interesting few months but beyond the fact that he simply was sloppy over disclosing the use of his shares as collateral we know mother else. Let’s see what we find out when they do the update and take it from there.
So lord1 is this up date on the divorce case (I hope he has not got a dog or his wife will want custody AND MAINTENANCE FOR THE PETS :-) ) or will it be proper updates about CTL operations
I am told an update will be made before the end of this week.
Let's just hope Steve makes a situation statement of reassurance very soon.
The longer he leaves it, the more confidence and credibility will wane.
Fireblade23 lol ticking up nicely. where ?
And the share price is ticking up nicely.
From this site trades# of Trades 60
Vol Sold 338,458
Vol Bought 285,640
52 Week High 63.00
52 Week High Date 24-Jul-2023
52 Week Low 11.20
52 Week Low Date 10-Apr-2024
10:25 - always loved and pretty donkey and this one is calling to me...
LOL well good luck with this donkey Ayecuramba
09:37 - other rule of investing is the trend is not the trend forever...
Ayecuramba first rule in investing is Never go against the trend which is down
09:21 I like being 'rite' thanks will take my chances with the business not some meaningless graph, thnx...