Firering Strategic Minerals: From explorer to producer. Watch the video here.
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However, it is all about timing. What happens if the Christmas period results in such a big spike in covid cases that we need another lockdown? The impact of the vaccine is over rated and we could see a poor summer period. On this basis I still think this will drop lower.
Should be noted Peel Hunt is the Company's House Broker
Fair Dealer
And only just appointed too, so we still wonder why ?
If the price moves up much more a RI would surely be tempting to the BoD ?
Nigella
I sympathise with your wondering about why the movement today, at one point through 70p, because the (apparently professional) derampers on this board would have you think that we are all doomed and will maybe need to smoke dope to cheer up, let alone other suggestions which we can ignore. Quite why a few posters think they might influence the SP by making weird & wild statements I don't know, but the number of confident price predictions makes me wonder why they don't post under the name of Mystic Meg or something similar.
They are quite quiet today, perhaps there is a seance on somewhere....
They are quite quiet today, perhaps there is a seance on somewhere.... Maybe they fall under the "At risk" category and getting vaccinated or on a local outing somewhere.
Great post barchid. brightened up my day .
On a different note .....what do you all think......will we brexit-crash out ? and will it create armaggedon in the markets (uk)
Nigella
Far be it for me to assume the Mystic Meg mantle but I think one can sensibly say that markets have had a few years to weigh up where we are and where we might be, and markets are usually right(ish).
We either have a WTO exit or a slightly soft but mainly fudged brexit so my guess is that after the first week of excitement we will all settle down. Marstons, not a great exporter, is much more affected by covid than brexit.
All the "pump & dump" is mood music to play behind the dating app to give the impression that they work at the World Bank in Washington as their day job.
Then we have "superdud" who has mild dementia, it has benn noted that he usually hits the keyboard about the time he has just plugged the love of his life, the Tesla, into the economy seven socket, so we will probably not receive his pearls of wisdom until tomorrow morning.
I trust this helps ?
Barchid
We questioned the appointment in the summer. I have believed for sometime the company requires further funding to bolster the balance sheet. If recovery does not materialise as hoped and the almost certainty further loan caviats will not be agreed, a Rights is almost certain. Peel Hunt need to get the SP nearer £1 in order to get a RI underwritten.
Nigella, my view on Brexit is probably going to create some hostility, however I have always believed the EU were going to make our leaving as difficult as possible and consequently a Trade Agreement would be highly unlikely to be agreed. On that basis I seriously believed our best course of action is to leave without an agreement. The Uk will save the huge contributions and OK it will be hard for 2-3 years, but we are a resilient and inventive society and will come through.
I am now going into my Word-proof Bunker!!!!
I agree with you both on the Brexit thing ....It has been astounding to me that footsie didnt sink like a stone on friday ....I get the feeling that the markets have priced in nodeal or fudged deal already. OR they know something we dont(which is usually the case ) and a deal is already done .
Dont you just hate these weekends of waiting for the next chapter.
FTSE100 still around 20% off the 1y high so agree it is priced in to quite a degree, sure to be volatility around the decision however.
America is at all time highs even during a pandemic! so this makes me believe our suppressed ftse is more due to Brexit uncertainty.
Peltata
Marstons is not, & never has been, in the FTSE 100 though, has it ?
I believe it is in the 250 still and year to date that index is only about 10% off its 2020 high. The 100 is a completely different index as it contains mainly international companies, most of which derive a substantial part of their revenue in overseas currencies.
Marstons are certainly not in that category, they have very little overseas business, no overseas pubs or rooms to my knowledge and a few cases of beer for sale in specialist shops, British Bars etc, nothing of any great importance.
I meant Brexit uncertainty is priced in to a large extent across the board, using the ftse100 as an example. With Marstons caught up in this like everyone else.
Peltata
Let us hope we see a brexit resolution soon, don't know about you but I am regally fed up with all the games delays etc, I suspect we might still be on hold until after Christmas. Nevertheless, with that out of the way we "just" have covid to worry over, though with luck the vaccine should stifle fears there by Spring.
Prime for a larger brewery buyout.
When you see how hieneken, etc wiped out all the independents in Eastern there is money out there
chubby don't forget Carlsberg are senior partner in the Carlsberg Marstons Brewing Company.