The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Fred Drip drip drip. More like Chinese water torture to some rather than Chinese whispers Drip drip drip. Or is it the MM just giving us a Chinese burn?
Milo No it's not just you thinking that. I mentioned such a thing yesterday. This has always been an investment for those with balls of steel and despite our advancement to date still retains some nerve for those here. Pitfalls and setbacks always threaten and investors should be prepared for such happenings and in doing so take them on the chin if and when they arrive. This is still a speculative punt to a certain extent even if less so than a few years back. I have to say in light of the pull back the past week there was hardly a mention of another possible shock announcement on here, and that so close to the recent announcement re the MTS requirement. I'm still long and strong, relaxed and enjoying the risk / reward potential here but fully aware and acceptance of unexpected announcements that could push the share price lower. Further investment I'm holding off as I think a RI may be in the offing. Someone said on here yesterday that LTH shall keep the share price supported by pumping more money in. Not this LTH. Been here since 2p and unless a RI no further top ups for me. Next several months this could push 20p I now think. Who'd have thought that a while back!
Last time we had a pull back similar to this a short while ago it transpired we needed extra monies for MTS contract. Much was made on here after it was announced that the MM had be pre warned and that we lowly PI were always last to know and were dumped upon and hung out to dry. Maybe unexpected news on a similar vein is in the offing? Surely it has to be considered.
Skier Please tell me more about this world economic downswing you mention. As someone who has always had a keen interest in Kondratieff's long wave economic cycle in particular and economic cycles in general I'm interested to learn upon whose theory and future projections to which you've alluded.
Fred / Myostosis Let's hope it's not some of their lesser known hits: Disillusion, Should I laugh or cry or Slipping through my fingers! Can't believe I've just posted about bloody Abba as an ex 70s punk.
No chance Bratty. I had to carry it most of the way up today.
GK Ri regarding stage one certainly not a bargain as we touched it on the way down. I like to think CF has private investors interests on his mind as he seems that kind of CEO to me. He knows many were hacked off stage one OO and although he still has to answer to the money men I think he may try to engineer the unforseen extra in our favour. Maybe it's me being too optimistic. Either way, just so long as it's raised and the build continues full steam ahead as I'm happy with my holding.
Apologies for spelling mistake Bratty. I've picked others up in the past for their mistakes so no excuses. As for your second observation having done it I think you're most likely correct regarding that too.
GK What do you reckon on the chances of a rights issue? I have to say I've held on to my spare cash for such an eventuality.
Bloody hell Myosotis don't get saying that about the workers. There'll be a two day inquest on here trying to work out how big the blokes are. It'll be like a scene from Phoenix Nights when Max and Paddy are on the door and the dwarfs get off the coach. 'How far away are those blokes?' I haven't seen it myself but if on close inspection they are holding tommy guns and grenades then they're toy soldiers and we're all being conned. Actually, I haven't seen bugger all today as I've been on my mountain bike up Hellvellyn in the lake district and out of signal range. I take it we've had some kind of announcement. I'd thoroughly recommend abstaining from all things Sirius some days. It allows the mind to focus on more important things.
Poly4 No idea at all why he's taking the seemingly negative angle. The thing is most of what he says is true, but without the broader picture and the way he approaches it then it clearly comes across as insidiously negative. He can't be deramping to fill his boots on the quiet because that would be naughty to put it mildly. One thing's for certain and that's him reading this BB as he's commented on our posts previously.
I think the fact he refers to our undertaking as a ' controversial project ' says it as all. A few detractors maybe. But controversial? Hardly.
Good to hear our man mention and recognise us shareholders a few times in his conference call, stating the importance of equity value as we go forward. Also good to hear of further European TorP(s) being greater than today's. It's certainly an exciting time to be an investor here now as Fraser is clearly putting down the framework for more than just a mere mining company focused up North. More TorPs than the stated 6 to 7 mtpa for Stage2 funding puts his thinking in a place not many thought it to be. Price per tonne increasing the further we go into agreements having been factored into contracts and further underpinning successful stage2 funding. Having spent this evening catching up with website updates and videos I haven't got around to watching for a good few weeks coupled with today's RNS leaves me excited and greedy for more shares. More unexpected and surprising announcements could well be in the pipeline regarding Fraser's plan of attack. A Modus Operandi that could be speculated upon until the cows came home but one that shall still most likely take investors by surprise. Slowly but surely it feels like investors are waking up to our undertaking, but more importantly the recognition of the skill set and expertise of those putting it together.
Mail2 If and when you buy back in could you tell us? Not after you've sold them again but when you've bought back in.
Mail2 Just curious so tell me to mind my own business if you like. With that ten grand or so you now have after selling at 28p do you refuse to to buy back in above 28p. If so, what price per share do you set yourself to get back in below 28p. I'm presuming you'll put the full ten grand back in.
You're no doubt correct Superleggera. My conclusion was probably a mixture of wishful thinking and an hopeful attempt to search for double meanings within the wording, driven by the unexpected announcement and concerns things may change yet again in the future from the intended line. I wonder sometimes whether my glass is too much half full.
Superleggera I read that last week then read it again and then re read it several more times, as I find I have to do with my ageing brain when it tries to decipher RNS statements and in doing so searching for hidden meanings. I came to focus on the two words 'expected' and 'assumptions' in that paragraph. In other words at this stage the company are giving a worse case scenario based on lending requirements yet to be agreed and that dates pushed back for 13mtpa and 20mtpa are not necessarily set in stone as of yet. That's how I interpreted it last week anyway.
It is Bellers. 18% after that and 28% for higher rate tax payers I thought.
Carondean 40% tax on share profits you say? That's not correct is it?
Myosotis You weren't like Father Ted stuck in the lingerie department were you! Unable to post for fear of being caught. There's a few Dougal's on here who could have gone with you if you'd needed them.