Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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Bit confused by this move. I’m assuming SSIT owns 100% of the new venture. And so any new investors will be buying into SSIT equity. I can see that this might be away of attracting more speculative investors and spreading the risk of early stage companies. Is this right?
StarBright, this sounds very similar to what Jim Mellon did at Agronomics, creating a parallel fund with "insider" shareholders (the executives at Agronomics and a few hand-picked buddies) that invests alongside Agronomics in the same companies. Apparently, this is good for Agronomics and it's small PIs for reasons that are not entirely clear and as yet unproven.
SSV II appears to have been launched by hiving off 9 small investments from SSIT into a new vehicle, in which SSIT is (today) the only holder.
Seraphim put out a press release announcing the "close" of their new fund, SSV II. If I were a cynical investor I'd point out that this is nonsense, smoke and mirrors. The new fund has only one holder (SSIT), no new capital was raised, and no new investments were made.
Of course the new fund can be marketed to investors looking for additional exposure to SpaceTech. Holders of SSIT might prefer to see those investors buying SSIT in the secondary market, but there you go....
Not impressed, but happy to re-educated if I have misunderstood.
Is Seraphim Space Ventures II LP part of the Seraphim Space Investment Trust PLC portfolio? For us to benefit from the future upside?
As predicted set PT for 45p
Not going to lie looking like a head n shoulder this could go back to low 40s before running up past 65, thoughts??
Right, I'm not so glad now it's back to the price I sold at. Should have bought in again at 46p but hindsight is a fine thing ...
Get your not glad anymore
Anyone know why it’s jumped today ?
Why s[LINK REMOVED] when you know this will be going north of 75p a share in the coming months no later than october AGM.
Glad I did sell at 59p now.
When the price got to 65p last week I moved my stop loss up to 59p, now nervous about losing my holding, but best to protect capital. Thoughts anyone?
A good article today giving SSIT some spotlight in the Money Week magazine on-line and print, also extolling the critical nature of the space industry.
Yes, and over 60p today. I stand by my 80p prediction, being around 20% discount to NAV.
Cracking chart,since the end of those 20'S lows.
hell of a reversal.
Some mainstream media coverage this weekend. Hardly a glowing advert for investment, but it will at least reach a decent audience
https://www.thisismoney.co.uk/money/investing/article-13047377/Seraphim-Space-gain-fund-investment-trust-january.html
SSIT holding Spire Global(SPIR) closed with a rather healthy 27.36% gain on tonight's NYSE and has continued north after hours.
This is on the back of a strategic $10m investment into SPIR from Signal Ocean to drive Digitalisation of the Maritime Economy
https://ir.spire.com/news-events/press-releases/detail/211/spire-global-and-signal-ocean-collaborate-to-drive
Should provide SSIT with a fill up to NAV
As always DYOR
Well if the NAV is back over 100p from September's 96p, we should be looking at an SP of around 80p, at least.
Lucky me then only 23% down.
NAV needs to shift up before the SP goes over 55p. It's going to stay at a sizable discount until the mood improves. Need NAV boost.
Could it just be general interest following the Japanese moon landing at the weekend?
Not read too much about their mission so not aware if any of the funds investments were involved in the project.
Agreed, the rise is welcome and also just 50% down now
It is welcome- Now, I am only 50% down....
Does anyone know what caused the volume and price spike this morning?
Well done on anyone who bought in when it was lowest or topped up in Nov - nice 60% gain in 3 months :)
ATB.
The Newsletter issued today paints a very promising transformative picture of the space tech sector. I'm happy to be invested here albeit at an average of 68p after multiple buys at prices between 100p and 28p.