focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
maisy. As each day goes by this looks to me more and more like my other dog share, BMR Mining (now Kendrick Resources).
That too was in suspension following a virtual giveaway of the company's asset 95% drop in sp, Many shareholders felt that the board deliberately engineered a de-listing ( from memory for going for too long without a nomad) so they could pretty much do as they liked as a private company.
Private shareholders heard pretty much nothing for about 2 years before being presented with a fait accompli takeover of a completely unrelated company linked to relisting and further massive dilution.
My original shareholding costing in total £22k is now worth £150.
Please don't believe it couldn't happen here
bigbadal
I'm surprised you haven't already received a share certificate for the consolidated Kendrick shares as replacement for your BMR shares. I received mine some time ago but only recently learned that HSBC are now accepting KEN certificates as they have now relisted,
I'm in the process of sending my certificate to HSBC to add to my other KEN shares. Hoping they will put them straight into my ISA rather than have to pay for a bed and ISA for shares worth a mere £150
Always said I would never top up again in BMR but have just had a little top up under the new KEN banner. Small fry compared with £22k losses in BMR.
Hoping that things move faster in Sweden than they so far have for BEM Eric.
Cheers 3card
The reason for that drop in the sp from 70p is another story, is a bit of a complicated, with multiple factors affecting it, including a sharp fall in the price of iron ore, which was a bit illogical really.
And there was me thinking it was entirely due to sellers taking profits. Lol
Having recently confirmed the sale of my last remaining BEM shares I'm not going to be one of those Ted Heath types who hang about like a sore loser always moaning about the share.
But I must take issue with you that the current SP is down entirely to traders and profit takers.
That is clearly nonsense. If a company is good enough its SP will withstand profit taking after good news and even grow to bigger heights later. Whereas the BEM SP has seen a sustained retraction over a number of months due mainly to lack of progress both from the company and within Sweden.
Surely you understand that for every seller there is a buyer
I'm invested in 3 Colin Bird companies, four if you include the unmitigated disaster that is KEN.
But having made a shedload in JLP, I am definitely starting to feel that the smart money is in now in GLR for a multibagger in the shorter term rather than XTR.
Sold my remaining 80k this morning just before they dropped. Will continue to look in and may even post, if that's allowed Sooz. Lol.
If sp remains low next year and there's any sign that the Swedes are at all interested in getting this mine up and running, I'll be back in, assuming I've got some readies by then
Good luck all.
BTW. Unclemal You need to do some IHT planning sir. I believe charitable donations are exempt and the 3cardbrag Restoration Fund is always looking for financial assistance. Just saying.