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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in not 100% sure we can Bozi. of course common sense says, surely they wont release it without supporting finance sorted... but my opinion of our board is so low after the last 3-4 years.........
Come on Orthern. I think we can give them a bit more credit than that!
Your 5 questions all very reasonable by the way but all material info and would need to be released by RNS first I suspect.
Add just send it to Fawzi he can probably add
Great! Missed the deadline for submitting questions!
agreed.. The proposed merger is a step forward, but it doesn't stop us running out of money in the very near future.. Funding is what the market wants to know about... more so than the PFS.
We can only assume CGP didn't agree to this, to immediately then be diluted by printing hundreds of millions of additional shares, just to be able to function as a going concern and limp along to DFS.
It would be a total waste for Solg to release the upcoming PFS addendum without having finance news in place to support it. But with our board, I genuinely think that is possible.
Orthern, I hope they do not do any stupid studies and drilling. Get the business sold. The amount of money wasted is incredible.
Orthern in all seriousness I think the recently proposed merger (if it goes through) will be a huge obstacle removed and a big step forward but they need to address the whole issue of funding pronto
Dbw - good point, I will be tuning in for sure. Maybe we'll see one of the two big pieces of news released tomorrow before the call. Or they might have lined up some good funding news (this would be nothing short of miraculous).
I read this piece in the FT yesterday and Dimon's quote below stuck in the mind:
https://www.ft.com/content/f9d90465-1036-430d-8f54-21d075a7b3ec
In June, Dimon warned of an economic “hurricane”, and on Monday he again encouraged investors to be “very, very cautious”. He added: “If you need money, go raise it.”
We are leaving the funding very late. The lights off bunker down scenario alluded to in the going concern RNS may well become a reality next year as we try and get the business sold.
The bid rumours have been around for years, they are running out of cash….
It is a difficult concept to grasp why the price is falling…..
how many options will they award themselves after the CGP merger is done?
how about
What format do they intend to use to raise finance to move forward?
When will they begin exploration drilling at regionals?
What happened to the JV of regionals? have they failed?
Who was responsible for the 4million dollar fraud? will they/have they been prosecuted?
But I wouldn’t rule out an RNS beforehand to deflect some of the flack
Probably what they’ve been doing for the last two years lol
what are you/would you ask DBW?
Remember the investor "meet the company" presentation tomorrow 1pm .... where you can ask questions. Might be an idea to release something positive before to keep the natives at bay
Meanwhile we need to keep in mind that the FTSE is down 7% in a month and it has fallen for the last five days...
And the FTSE350 is down more than 8%...
Copper is languishing at $3.38 and gold is down almost 4 % in a week...
Until the bid rumours gather pace the share cannot be unaffected by markets in general...
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz!
I had a bacon sandwich for breakfast!
My entire ISA is in SOLG, ATYM and GPM (copper/gold; copper; gold/silver)...an excellent hedge, but not immune from general market falls...
*copper
Good man Ray, your better than all that rubbish!
No worries Cooper, I'll keep it quiet
SP going in one direction until funding is sorted.
Message to board : get finger out and get a move on pronto.
MassiveRay, nobody, and I mean nobody is interested in your trades! Time to stop being childish........and very silly for a grown up human being. Give it a rest hey!
I will post my buys soon and 10 x novice's 5k buy.. Happy days
Zoros lol