Member Info for 100notout

I don't mean to give any of you a lesson in investing but I think some on here need to sit back and see the bigger picture and look beyond a day or two. I have just sold some Sibanye at ZAR 68 which I purchased for ZAR 9. Ok it took a couple of years to achieve but it's a good result. I can see this company bagging as it offers value, growth and income. I will continue to add here as in my book it represents a good risk reward investment. The company is a strong cash generator even in perilous times it seems and holders get the benefit of a dividend. The reinstatement of the dividend will bring fresh money in. Hedge funds are no doubt working on behalf of a predator as why else would they be shorting this. Note - Gladstone were shorting Aston Martin and brokers were giving valuations of 30p yet they have risen to over 100. Do your own research and stand by it and look for an investment horizon over a day or a week. This will come good for the patient imho.

Brokers notes should be taken with a pinch of salt. They will put out whatever their paymasters wishes them too. The hedge funds pay them as in this case they will want to get out as cheaply as possible. They were shorting this because they expected MCRO would need a rights issue, well this is clearly not happening as they wouldn't have reinstated the dividend. City mafia at work here. Screw them and don't let them put fear into you as that's what they want to do. Remember why you bought MCRO in the first place. I personally think this is a bagger... Do your own research.

I wonder if GEMD would like to assist the UK government in building roads as they are pretty bad in my neck of the woods. If they don't reinstate a dividend it would be disastrous PR for the company as it would send out the message that the company just rewards its own staff, directors and the community of Lesotho. Sometimes I think I have invested in a charity rather than a diamond mine.

Although MCRO has risen off its lows it is still way below where it was pre Covid but it has just announced today the reinstatement of the dividend. How many companies have been able to do that, yet their share prices have risen to pre Covid prices and beyond. The reinstatement of the dividend is a very strong buy signal. I am holding for a much higher price as the future looks bright here as I can see a lot of cash generation going forward. GLA

Looks like this is being shorted down to make a potential lowball offer look good. It happens all the time unfortunately and nothing is ever done about it.

GEMD are due another large find soon so when that happens that could be the catalyst that breaks the limit and then we should be off to the races. At least volumes have been better of late and Clifford's shares were mopped up. Things are looking better...

How about 95p. That's a better target. One of these brokers has to be on the money.

The analyst's will do as their paymasters wishes. It's as simple as that really... Don't get me wrong it is better for them to put a buy note on as certain investors are swayed by it but I do my own research and my thoughts are this is worth a lot more than they suggest. They will probably increase their targets with some more major discoveries. The company need to be proactive in marketing the company and promote the inherent value of our unique mine as it is world class and should be valued accordingly. Graff for example wouldn't want to be valued in the same light as Signet would they...

Strange time for a CEO to sell his options off, probably to quell the recent rise. I wouldn't be surprised to see a joint venture with a few large stake holders and a MBO. They want to keep the price down. The hunters will become the hunted... Now you know why the bod haven't being pushing the positive virtues of the company and no RNS regarding positive large diamond discoveries. Rather transparent don't you think...

That's not a bad idea Colonel. Someone is buggering around with this and I doubt they would hang around once the stats are posted on reddit.

Bring it on...

I wonder if Sibanye are interested in buying GEMD as they are always on the lookout for expansion via takeovers. You just have to look how from a gold spin off they are now the largest PGM miners in the world. I know Froneman has indicated he is specifically interested in battery metals but he loves a bargain and this is one. Just by closing the London office and with all the associated costs would save a tidy sum per annum. The non ex chairman of GEMD is also a non ex at Sibanye. Similar sort of pattern here when they took over Lonmin by keeping the price down artificially low and ridiculous broker targets. Fortunately I was picking them up by the bucket loads in the 40s and they are the equivalent of 300 now. The difference though here is that it is difficult to pick up stock more than 25,000 shares a time but I was possible to pick up 150,000 the other day. I have added here again today. GLA

Well lets hope that gemd ask the mm's to buy xx at xx. Best use of shareholders money at the moment is to buy back stock. With regards to the latest broker price target of 55p do they have a note to accompany it as I could do with a laugh. Having said that what can you expect as their target a few months ago was half this. What a bunch of muppets...

So with the price manipulation the question has to be with whom are they merging with or buying or whom is taking them over?

The PI's are always the last to know but with the price not rising on the last update it suggest that the company is being kept down for a cheap bid or it is preparing to buy/merge with another company.

The best option right now is to use some of that cash and repurchase shares... If you agree contact the company and suggest it because it's about time the long term holders had some reward.

I wouldn't pay too much attention to the broker notes as Liberum and berenberg had a 26p and 30p targets. That valuation is not far off the current cash value of the company. Brokers will post valuations to help their friends out so I wouldn't expect too much from them as they have already proven here that they are off the mark. In my experience brokers are bent... I would suggest that investors do their own research.

I think you are right Colonel with regards to investors frustration but the way I see it with the amount of cash they are holding and sitting on one of the best diamond mines in the world this is better than cash in the bank. I will sit here and wait it out. This offers one of the best risk reward plays on the market imho especially considering they could find the mothers of all diamonds...

The bod should have bought shares back when they were lower as I pointed out at the time to improve eps. The share price was taken down due to concerns of deb yet now they have over $30m and no real reverse. This is being played with and no doubt by the outfit which wants to buy it on the cheap. If they have another good year with large finds they could end up with more cash on the books than the current mkt cap. This really is becoming a joke...

Gamestop has created an opportunity to destroy hedge funds once and for all. The establishment won't like it but I can see how a crowd of investors can completely take them on. I wouldn't be surprised if 'the crowd' will go from one company to the other and force the shorts too close. It's about time the bastards had a taste of their own medicine.

ARCM an asian hedge fund were find a paltry £875,000 for their undisclosed short position on PMO. That fine is hardly going to detract other hedge funds from doing the same is it. They should have had their short disqualified or fined a proper amount at the very least... This is being played with and it's plain to see. The FCA were informed of NMC and took no notice and no doubt they will do the same here.

hx - Great comparison. PMO had an undisclosed short of over 15%. Not all hedge funds play by the rules. Hedge funds also hunt in packs and want to stay below 0.5%. I think you better do your research in future or perhaps use better examples than a company that had such a large undisclosed short.