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Less than 2 months to go before the inevitable delisting. It's clear as daylight: there is no deal. If there had been it would have been completed by now. No right-minded BoD would allow negotiations to drag on for this long. As to selling VG unless they're very few seeking pennies on the $ it ain't going to happen. Why would anyone be so stupid to buy what's effectively 10% of Mandiana when they could have bought the whole lot last year? Tick, tock, tick tock.....
According to 4-traders, GC does own 11.6% of SMA and director, Rupert Fraser owns 14.5%. So they have a vested interest in getting the RTO sorted in time. The free float is apparently about 400m shares, current value £1.5m and just 46.5%. So, once a positive announcement is made, IMHO the SP should soar.
Just under 2 months to go before deadline. RTOs do take time and 6 months is often fully needed, but I am hoping that may be the Bod are finalising the prospective deal that they talked about in November, for which they have already had some 6 months to work on. Hope they don't have to sell the investment in VG as that looks like a potential winner if VG are able to successfully develop Mandiana and bordering tenements they have acquired. Would they need to sell it to proceed with the RTO, as they would need to find a willing buyer?
STRONG. BUY. !! Don't be fooled with strong sell garbage !
Firsty, good riddance to Vienna. He was long past his SBD. Turning to SP7's comments I cannot believe that GC is coming to the rescue here in the few weeks remaining. The notion of determining a chart pattern for a shell is pure witchcraft. Try roulette instead. It's more fun. As to the intrinsic value of SMA the investment in Vol Gold is worthless unless they can develop the Mandiana interest-very unlikely given that SMA had years to do so and failed miserably. The truth his that with a dwindling sum of cash on hand the underlying value of the shares is little more than 0.05p-a fraction of the current quote. This company is headed for the knacker's yard but there's still time to head for the exit.
I posted this earlier this month and I think it's worth reiterating: I'm confident as one can be that GC will pull the rabbit out of the hat in time and make us wealthier. Been looking again at the 5 year chart to see where the resistance points will be. The first one is 0.79 - wouldn't be too bad would it; the second one is 1.15 - treble the current SP; the third one is 3.75 - now that would be nice! Courtesy of 4-traders chart. The current mcap is £3.23m and I have to admit I am rather surprised that the SP has held this level, but naturally happy that it has. The value of SMA's investment in Volcanic Gold is currently worth about £850,000, so taking that into account, the combined 'hope' and AIM list value is about £2.38m, not bad for a shell company. Unfortunately I bought in initially in the 0.80s, but since the drop to the 0.30s I have added more to bring my average down to about 0.45. I have sold some since the original purchase as I felt I had too high a proportion of my portfolio in SMA and wanted funds for other opportunities that have come along and thankfully have been largely profitable. I have learned that if you invest in a shell, it is wise generally to leave it towards the end of the 6 month period in which the company has to arrange an RTO, because from my limited experience, companies need the whole of that time. Okay, one might miss out on some, but that's the way it goes. Always interested to learn of others experiences with shell companies.
It's refreshing to read some constructive comments on here at last. Thanks DanF and Vienna for the latest post - exactly what I thought this forum was here for.
Josey Wales,xxx
Josey Wells,fair enough,you won't hear from me again. Keep an eye on the kids for me,big hugs and good luck.xx
I'm still holding my shares and will until any announcement is made and am working on the basis that I will either get back some of my money or loose it all, either way it isn't a life changer, more the case that I'm just stubbon. That said, I do think that it is time to block Sarkozy and Vienna11 as I have no interest in reading the constant bickering on this board, the content is not informative at all with regard to SMA, Sarkozy clearly has a personal vendetta against SMA and Mr Pearl (otherwise why waste so much time on here?) and is clearly on the SMA failure front which is their opinion which they are entitled to (I also have no interest in anyone's lifestyle and wine cellar comments, as true or fantasy, they don't have any impact on my knowledge of SMA). On the other hand Vienna11 is so blindingly positive in SMA's favour that anything negative is instantly seen as trolling, and the constant knocking of other posters is simply tiring, again I'm learning nothing new. I think this board may well become tumbleweed for me now!!!
Well ok then,I will absolutely take it all back if you turn out to be an honest guy but to be honest the damage has been done. I would be really careful of making important decisions based on what friends or acquaintances tell you.I have spoken to the company on numerous occasions and I,as well as anyone on here will tell you any company not just SMA would not be able to tell you or infer or give hints,winks or nods that they are or are not planning on a course of action that is price sensitive or has not been released in a RNS. I've never recommended to anyone they should buy SMA shares,always stated this is a red or black deal.Saying that the team are the best GC has put together.We have an exclusivity agreement with another party,mining company. I think,imo only,it could be big,it might not be. I don't think I'm only one bit suss about your sudden appearance.Take care,Sun's coming xx
Oh Vienna, now I'm a chuckle brother? Ok, could we do away with the insults for just one post please? As I stated previously, I sold my holding based on info received from a gent who knows and deals far more than me. I am keeping a keen eye out for information which would suggest I should buy back in to sma - we are all here for the same reason, information which could either help us make money or save us from losing any. I am genuinely interested to know your reasoning for being so confident that sma is a winner? You obviously have far more knowledge of sma and share dealing than I do, I would be very interested to hear of any facts or patterns that would indicate that I was too hasty and wrong to sell and that I should buy back in. If I could also request that you don't respond with insults - mine is a honest and serious request and I would appreciate an informative and factual response please. Thank you.
I'm so excited,I just can't hide it haha. Anyone reading the chuckle bro's posts should ask themselves this,if I am so wrong why is a Monaco millionaire??taking such a keen interest?Why the sudden appearance of someone,presenting as a quite nice,self depricating chap,that has a friend who spoke to the company and they told this friend they were asking for extension? The reason is staring us in the face. If I'm wrong I'm wrong and if I'm so far off why are we being trolled? Up to you to make your minds up.Sun's coming I say xxx
Sounds like your having a complete meltdown honey.Before I go on I would like to remind you of language used by you. A certain c u nxt Tuesday comment but whatever dear. You two do seem to have struck up a beautiful friendship,I hope it lasts. Strange as you are both becoming more and more vitriolic the nearer we get to news and progress. Are you shoes toooooo tight haha. Your terrible,Muriel lmao.Big hugs and lots of love to you both xxx
There's nothing rosy about SMA or it's likely fate. You're still being rude to LIH although he has been polite in all his dealings with you. This leads me to believe that you're a foul mouthed lout with the manners of a pig. Maybe that's a bit mild?
Are you sure your not a figment of Codders imagination? Very fishy this sudden appearance I feel. I'm sure it will all turn out Rosie here,maybe even this week,good luck dear xx
If you scroll through your old posts you will see that you did indeed call me a cretin. Water off a ducks back though. I'll leave you now to entertain yourself with your constant insults and unfunny jokes and put downs. I in the meanwhile, will get on with my very mundane and boring life. Enjoy the success I hope these shares bring you.
I don't think I have called you a cretin honey?? I wonder why suddenly you are sympathetic to Barry and he to you?are you related?are you brothers?pmfsl. Has your TV work dried up haha. News is obviously very near dear.Enjoy,big hugs xx
Oh Vienna - you don't think you've ever insulted me? Well, with the exception of calling me a plonker, a paper lad, quite mad, deranged, sadder than you thought I was, and a cretin - I agree, you haven't at all insulted me!!!
Glad you enjoyed it Codders,thanks for that 5 star rating and review haha. I appreciate it so much sweetie. Sun's coming dear,best hide the cornflakes Mrs C haha. The sun has got his hat on and well you can see where I'm going with this can't you haha. xx
STRONG. BUY !
Nice to see you apologising for once although this is not the type of bended knee unreserved apology which is required here. It is neither total, absolute, full or complete as it jolly well should be. You are not sorry nor do you admit having insulted LIH. Your replies on this board have never been considered although you have attempted sarcasm (fairly weak) and have been extremely if not vicariously rude on many occasions.
Livinginhope I don't think I've ever insulted you. More wanting clarification of your sale and your friends substantial sale. Surely when you take into consideration your statement I would be within reason to ask? I'm sorry if I have offended you in any way but again surely you can understand any scepticism when someone turns up out of the blue,stating they are privy to important information. I disagree with you that I have insulted you at every turn fella. The tone of my posts have always been considered replies to Codders,playfully sarcastic but never rude unless it was warranted. I wish you good luck with your investment strategy.
LivinginHope - please accept my apologies for my comments relating to your posts. Having re-read what you have said, I agree that you have not been at all insulting. Sorry.
I have never once insulted you deary. I merely pointed out your shortcomings with regard to you insider information.Whenever I have spoken to the company they would never give out such info.As for this"extension",well without insulting you,I've never heard the like of it.When your in a hole you can't get out of I find it best to stop digging. I would hazzard a guess that indeed your"acquaintance",may have been telling porkies. I'm not insinuating you are complicit sweetie,I'm sure you are an upstanding citizen and thoroughly good fellow xx