The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
That's the single biggest monetary value i've seen in a single transaction in over 8 years.
Good spot westlad, I had missed that. Yes someone throwig £108,000 at this must be pretty sure its going somewhere!
Mmm? I wonder what he/she knows? A RNS tomorrow would tell the tale!
I can claim responsibility for most of the 500k trades in and out of GLR over the past few sessions.
I've been see-sawing my holding here (as we've been relatively static whilst waiting for news) with my other big one and if I'm being honest, I'm being greedy and trying to catch the rise on both.
Very much me that caused the dip to 1.5ish (which I apologise for) but I can't take credit (at least not solely) for driving it back up, seems CB's podcast has cleared up the issue for other investors too - it certainly did for me.
You can choose to believe me or not but I'm simply trying to give an honest account/explanation from my point of view of the share price action over the past few days. I won't be offended if you think I'm full of... as in my own words: "It genuinely concerns me how many are quick to believe an unidentifiable alias on an internet bb..."
Ps. if it's any consolation, I have been and will be buying back marginally higher than I sold which'll drive the price for the rest of you.
Pps. If you’re left questioning my motive:
I’m only being open book with you lot on account of the helpfulness I received when I first came to the bb - trying to repay the favour by providing a little clarity on the cascade of 500k trades each way to those who I by and large believe to be well intentioned PI’s.
too much excitement from the drilling of potential monsters.
Very good Ella10, genuinely made me laugh.
Im willing the end of March on lol. I want this lovely news. We so deserve to be higher than 1.85p. This is mental pricing. It will happen, it has to. We will be generating 12 million plus per annum soon in revenue and we have a market cap of 16 million! The rating has to fall in line with our earnings.
Nearer 20 million at current prices HD
Keep the Faith
GLA
Roll on. Yes so taking into account splits to contrators etc, we may be gettign 10-12 million in the bank? Who knows ?
Nearer 20 million at current prices HD
I would prefer news on the 6th April after I've Bed & ISA'd .
I have to say that I am quite enjoying the calm before the storm, this has always been the time in a share cycle that i concentrate on accumulation at a leisurely rate - and this is no exception.
Once it is announced that we are in production and will actually be earning hard cash I think I may have to switch off for a few days because it will be a full time job just keeping up with the posts on this BB.
- Although I may not be able to contain myself when we break 3p!
The JORC in 2019 used a price per tonne of $2700. Today's price is just below $2900. So its going to be closer to $12m than $20m. Either way, its transformative to the business
Thanks for that Westlad ......no idea where I got my figures from....... certainly not the first or last time I’ve been wrong!
GLA
Castiron - either way one year's profit at SZ is more than we ever need to prove up KCB (and the Sandfire millions will fund a huge chunk of that before needing any SZ cashflow.) The rest is just cream.
The price now is around the XTR price before it took off after drilling for its copper (and similar market cap). So it went from around 1.8p when I got in to about 8p now. So any sniff of decent grades when we drill, should be able to bank on similar share price rises i hope. I would hope however, we get up to 6p on zinc news. I am hoping for 20p out of this one
lot of hope in that last post
LJS - i sincerely hope you are right. 20p is dependent on the drill results from (a) SFR licences (up to 8p a share at $80m), then (b) say 6p from SZ and Glenover, leaving (c) 6p from the retained licences for an implied sale of $60m.
Now, GLR have been happy to sell less prospective patches to SFR. And SFR have agreed to pay up to $80m variable on contained copper, with a minimum of 200,000T metal.
So if $80m is max price for a prospect we were happy to let go of, I would be shocked if $60m was the price in mind for the prospects we retained.
That's where with good drill results at KCB, this could eventually be a huge asset sale. That's the happy path for this share.
I still keep thinking of the $167 million purchase of mod by sandfire for the 11,700-square-kilometre they owned licence-wise.
I am not sure how many square kilometres we have left now following the sale of some of those to Sandfire, but bearing in mind Sandfire are willing to pay up to 80 million for good finds on the lesser quality licences thet took off us, imagine what might be contained in the licences we kept! If good, it will be hundreds of millions!
Forgot to say, and once again, look where our market cap sites! 10 times where we are today would only take us to 160 million market cap. Really does make you think.
Exactly HD. If GLR were willing to relinquish licences for a potential max $80m payout, what have they seen in the retained licences? If good, it will be $100's of millions. If they thought it was a potential of another $80m, then surely they would have sold them as well?
.....and just a reminder that Sandfire invested in Galileo with their purchase of more than 4% of GLR at 2.68p per share.