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OMI looks promising.
Poker, I am still here, and it was me that 'encouraged' an RNS yesterday.
I am currently working on a major funding relating to fast charge EV batteries (300 miles range added in under 5 minutes charging) and have little time for posting at the moment.
Today is a Hong Kong holiday, so the pressure is off me.
Rest assured, I am still here, and working hard for you.
Danax
Ok so after doing a little digging around on Zuuse its maybe it's not the worst investment after all, I apologise for slating it earlier. I still think it would be unwise to assume it's a total dead cert to get an amazing return on purely based on 100% return on the back of the last investment, however it does in fact seem to hold water more than I thought, probably just disappointed at the reduced GGP holding heading towards news.
https://zuuse.com/en-gb/asset-management-frameworks-are-making-their-mark/
Divann, can you guarantee that GGP will double from these levels within a year?
That is what PRIM effectively achieved between Oct 2018 and Oct 2019 with a small investment in Zuuse. Got all their cash back and still had shares and options worth more than the original stake...
It seems that Zuuse is on the cusp of something very significant which will be revealed to the market shortly. AC has also drawn attention to a “deep grey market” for Zuuse shares and options so there can be demand for them even before they float...
I think Dana was here to achieve change and he has helped in doing that.
I believe the real benefits of the change are to come and business performance will be the catalyst for real sustained share price increase. Those that wanted to get out had their chance with the short spike in our share price.
I always think there are only limited opportunities for investing in good companies and I think fundamentally we are good with the right management in place.
People who sold here will have had to go and find a new home for their money and that's easier said than done. As the famous investors will tell you they made most of their money from only a handful of investments. There aren't that many good businesses out there. Buffet made most of his Berkshire Hathaway money from Coca Cola in the early days.
I would like there to be more due diligence in our company so that we are picking more winners. But like I say you only need one share to take off and it will make up for deficiencies elsewhere. We should be thankful for our ggp holding but we can't just sit back and rely on that completely we need to find more ggp type holdings. If we want to move forward and become a 20 million pound plus company then we need to do that - selection of successful new investments as well as growth in existing investments will achieve this
Engage could be one of those and so could one or two of our other holdings.
If Truspine takes off and is succesful it could return 5-10 fold within the next 5 years. So on that basis our investment at the moment is sufficient. There are risks to biotech type investments (I have a few and so am familiar with some of the issues here) so it's always good to invest any further sums with those type of investments when progress is being made and not before.
Just my thoughts and ideas others will have their own.
Gla.
I was thinking this following the RNS saying the board wouldn't be fully replaced...so interesting to see how this changes.
Agree B66 - everyone's an expert after the event !
I would also be nice to know where SP influencer Dana has gone.
Yes happy to hold at the moment. When people talk about sky high valuations we cannot be accused of that.
Value normally aligns with the share price over time so I wouldn't expect such a big gap to remain between nav and share price in future. It's a share that would fit in with Benjamin Graham' s value philosophy so there is a margin of safety here. A good spread of investment type holdings is good for pf management. Too many shares on Aim are speculative in nature with no real prospects or assets to back them up.
You have to give credit to the management where due. When ggp doubled and quadrupled etc. most investors would have probably sold half or some on doubling. Management here didn't do that - risky but being a geologist AC knew the terrain and predicted, rightly a higher price. Because of this today after the 2 sales we still have a holding worth £4 million.
I'm not an expert on ggp but if the proven gold is higher than expected then the share price could be back in the high 20s or ascend to 30s by later this year.
That would be a good time for further sales.
They sold at 8-9 x price paid.
Yes that's less than the following weeks, but who knew the price would be in the 20's a few weeks later.
The BOD should have targets that can be flexible, taking profits on the up is what I'd expect.
You don't want a company that is all or nothing. One GGP RNS below expectations and the share price would have collapsed.
They are divesting from one share for long term gain. If you don't like it sell up and move on.
I have a different view and would personally like to see the share price below 3p to increase my holding.
That’s twice our board has sold ggp cheap. I hope the new board are one hell of a lot better!!
Greatland Gold & Zuuse
Credit has to be given to our current BoD for the divestment of some of our Greatland Gold Shares and the re-investment in Zuuse.
We were top-heavy with Greatland Gold and it had a recent free-carry of about £4 million (£4,030,000) on the 1st of September (if we had all our 26 million shares then) But we obviously did not have all the GGP shares on the 1st of September as we have been informed that the average price achieved was 14.8p. The closing Bid price on the 1st was 15.5p and to achieve an average of 14.8p we would have had to sell some in August to achieve “a blended average” of 14.8p (did you like that AMTHEKKEL?)
Therefore for comparisons as to whether our BoD achieved a fair price should be looked at from an asset point of view as about the 1st September. Yesterday Greatland Gold’s Bid closed at 19.8p and our 20 million free-carry are worth £3,960,000 but we have received in cash about £888,000. So when you compare what we had in Greatland Gold as at 1st September and yesterday we have £4,030,000 versus £4,848,000 (£3,960,000 + £888,000)
This really is an increase (on paper) of £818,000 as at the 1st of September. Or put it another way if our BoD had not sold 6 million Greatland Gold shares then at the close yesterday they would have been worth about £5,148,000 (26m * 19.8p) and we would on paper be down £300,000. Who on this B.B. always calls the top of any of the shares that they are invested in? Who has a free-ride with over £4 million shares? Have to commend the BoD for their acumen.
RKB
PS Zusse is a brilliant investment and with our further purchase of shares and our cheap warrants I think we are on to another winner with this one.