The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"Mr Robertson is currently Executive Director of Metal Bank Limited, Artemis Resources Limited and Alien Metals Limited and a Non-Executive Director of GreenTech Metals Limited" From Hastings Tech. - where he is also Exec. Dir. How much effort is he putting for us?
Some interesting goings on at Chalice. Remember we were told by a certain someone it wouldn't get mined. Has a much better chance than our PGM's. Looks like a bargain atm.
https://www.marketindex.com.au/news/the-10-most-overbought-and-oversold-asx-200-stocks-week-4
https://www.sharecafe.com.au/2023/09/12/tim-goyders-30-million-boost-to-chalice-mining-shares/
Tim Goyder has lost serious money short term, should do well long term.
Just something to do while we wait. Watching the price, may dip my toe in.
The way I see it, if offers do come in for IOCA, there will be 2 types. One, some mid or major does want it, in particular Brockman 233mt ( How valid is this number?) and Han'k, in which case the offer would be decent £50-75m , always a chance more than one co. wants it. Two, the puppet master or some affiliate would make a low ball offer, at best £10m., so robbery. Not what the majority on here wish to hear, but I think realistic.
Must admit to being out of touch with what's going on with Cobra, so thanks for the update. Just a punt for me.
Andromeda Metals do seem to know something we don't. The hot money in Australia has moved from Lithium to Uranium recently.
Worth repeating.
£400m, Fantasy, in the real world take a look at Mount Gibson, mkt cap £325m. All in AUD, so halve for GBP
https://www.marketindex.com.au/asx/mgx
Below - Date, placing price, shares in issue following placing:-
28/6/19 0.15 1,352,723,274
4/9/20 0.55 2,633,718,222
4/11/21 0.85 3,900,781,625
8/9/22 0.50 5,062,336,801
31/8/23 0.20 6,335,439,174
6,335 m divided by 1,118 m ( No. in issue prior to 28/6/19 placing ) x 5.66 more shares in issue.
28/6/19 RNS "The placing was at a 7.14% premium to the closing price of 0.14 pence per share on 27 June 2019"
31/8/23 RNS "The Placing Price represents a discount of approximately 29 per cent. to the Closing Price of 0.28 pence per Common Share on 8 August 2023"
The last placing would suggest we are running out of options for another placing, but never say never. Would be happy to see IOCA sold off.