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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The latest gold pour should help to keep the lights on a while longer.
Rockhead,
I listed all the upsides too.. here they are again....
.
You're welcome.
ATB
Andrew, don't list all the downsides and bring poor BP to tears!
Speculators like you and I have sold out. It's the LTHs that have the challenge of taking the hit or average down in hope or faith.
A soggy day in God's own county, R.
Inflation, each year that is
Share dilutions
Share drops
Lost opportunities elseware
Dividends lost elseware
The trauma of being a shareholder here
Having to suffer tb, Samson, genoir and Co.
One almighty mess
Yep, add in the opportunity cost of having had money in this disaster over the years and one might easily weep.
Must be more to come baz. A lot on here don't want to cut and take a loss. But holding is costing too as the money could be deployed to more attractive stocks with uplift instead of this dead donky.
“Mr tickle” sounds as bad as mr glitter or mr saville. Just a dig
So unfounded, just like the rest of us then rockhead. Don’t hide behind too many elaborate sentences now.
Unfortunately you may realise, with almost zero effective communication strategy from sgz, everyone is left to speculate. If they want to change this, they can communicate. The reason they don’t you might ask? Well, because they don’t want us to know the show
'Rockhead, if you’re more reliably informed please elaborate.'
Just IMO, been here a very long time and read everything since 2009.
'Or is your forte picking holes in others assertions.'
Only if you make it easy! Just a wee dig, ha, ha!
Regards, Mr. Tickle
£40 worth?
And so it begins….
A whole 40 quids worth,this could be insider trading😄
Someone invested a round of drinks worth. This would of course be dependent on which hostelry one attempted to purchase said round of drinks. Mindful that 2 X medium Prosecco cost my Aunt and cousin £40 in the Savoy Hotel in London recently. :o).
Rockhead, if you’re more reliably informed please elaborate. Or is your forte picking holes in others assertions.
BP, “if” there is a phase 2.
It could be phase “administration” if the review reports things that can’t be overcome in a cost efficient timely manner
What’s going to fund phase 2? Where specifically is the money for that going to come from?
'we are left to only speculate.'
Andrew, your forte!
'machinery we don't have the money or need for?'
The money is arguable, but if we are to maintain P1 and progress to P2, another drill will be essential to maintain the necessary development headings, stope preparation and operation that I previously posted about.
HAGWE, R.
Also wonder how the cash position is doing. Reviews can't be cheap. Especially if they have few indemnities attached.
Will the review reveal fundamental flaws? Ahem.
It did cross my mind that hush101 showed remarkable insight into concentrate, flotation, dore, sulphides, free gold, the grades and so on for that to be the only post he’s ever made anywhere.
The name as well……
Meant to add.. Has tb sold out to invest in the "newco". Is that why he's quiet? Maybe hoovers broke, maybe barlinnie doesn't allow the internet. Maybe TB is now TG and identifies as a girl to get the equality count up on the board. Could be any variant in-between.
Rockhead,
If it is indeed a form of due diligence, it has to be reported to shareholders I believe. Which it hasn't. Perhaps why it's dressed as something else? Who knows. With the lack of communication from the company, we are left to only speculate.
If it was due diligence in advance of a "takeover", I see it more likely that it would enter administration to hive off the bad debts and take the assets. Is that why we've been spending money on machinery we don't have the money or need for? Anyones guess
'I think I like the place.'
Baz, You love it! Another lemon on the express! Ha, ha! Hope you had a good move.
'New funding required for this new start?'
Andrew, that review sounds like due diligence, but for whom and why?
GLA, R.
100 for 1?hmm. They done it before so 10 thousand shares bought ten years ago would be 1 at £1.20p
Getting it in now. 100 shares for 1 coming soon to get the price off the bottom. New mining plan. Reduced team size. Executive changes if anyone is daft enough to get on board perhaps. New funding required for this new start?
Maybe legal issues have caught up with him. Who knows.
It seems like a sinking ship at the moment. Will a mining review be sufficient to save it? Or is a wholesale business review required?
I don’t think the silence from tb, the lack of clarity over who is conducting the review and what the potential outcomes are, is leading to a lot of uncertainty when it was already cloudy times beforehand
''Had tb sold out as he knows what’s coming?'' Well he had a lot to sell, the 600 000 sold the other week would be a fraction of what he had.
Had tb sold out as he knows what’s coming?