Member Info for AcciesLad

So, 11th April littlesthobo posted

"Semantics.... and you know it. His tweet, which wasn't 50p next month or £1 by year end (both of which I think are possible) was indefensible."

Now the prediction is 17p rather than 50p or £1. Strokes chin..........

I'm not so sure Sentiance is the big (potential) reward here. Looking at the recent announcement of 2 new senior executives and their background, AAQUA looks like the big play although AAA don't (yet) have the funds to pull that deal off

Honestly littlesthobo , are your friends still at school and Mum's hidden your Nintendo?

Switch off now before you embarrass yourself any further

littlesthobo posted on 14th April
"I'm invested here, hold lt, see a bright future, but I'm blown to understand how an sp that has risen from 7p to 36p in about 6 months can be oversold! But I invest on fundamental rather than technicals."
Poor fellow now seems to be arguing against his own advice but hey, fundamentals rather than technicals :-)

When you consider the calibre of the people we're talking about and the significant sums of money involved, I'd be far more concerned if anything appeared on Twitter. AAA could be negotiating with various parties about a deal worth anything up to £100 million - let the size of that sink in for a minute

I'm far more encouraged that they're taking their time and getting everything in place before coming back to the markets - that avoids any speculation or dubiety when it finally opens for trading

My understanding (and I could be wrong) is that the Index will only track the performance of DEV, it won't be buying shares at all.

However, ETF's who follow the index will be buying the stock - this is different to the Van Eck situation with GGP

What it will mean though is that some institutional investors will look again at DEV which is no bad thing

Looking back at the recent RNS regarding new appointments -

"Mr Cho and Mr Kayani will both be appointed as Managing Directors of AAA, in non-Board roles. AAA intends to complete these appointments as soon as formal administrative and regulatory requirements have been completed and a further announcement will be made in due course."

I'd imagine these new roles will be part of a wider strategy when it comes to AAA's structure & investments. I don't imagine these sort of things get sorted out in days or maybe even weeks. I'd be (pleasantly) surprised if we hear anything before the middle of the month at the earliest

I think the whole AAA structure is pretty complicated. There appears to be a lot of different pieces to the jigsaw and my gut feeling is the market needs a number of answers before trading suspension is lifted. With the announcement of two new high profile employees coming on board, this is an ideal time to look at the company. I'd be much happier if the suspension is in place for as long as it takes to get all the ducks in a row rather than trying to rush things through.

One thing for sure though - the share price will either go to the moon or crash through the floor, there won't be a middle ground.

But, I can't sell the shares I have and I can't buy any more so I'll just switch off, enjoy the holiday weekend and dream of things to come.

I've not got a huge position in AAA and always looked at it as a binary investment. It'll either go to the moon or crash & burn, I don't see a middle ground outcome. I expect this news to be igniting the rockets but I've been wrong before :-)

AAA suspended ...........

Taken from Q1 report -
"Box cut, surface infrastructure and portal and decline establishment are progressing to plan with achievements as at
28 April 2021 including:
? Box cut excavation is ~90% complete
? Shotcreting of Portal Face has commenced, with ground support complete
? Batch Plant is fully commissioned
? Surface earthworks are ~85% complete
Activities to finalise the Water Management Plan for the early works program are ongoing. Newcrest is also
progressing the necessary approvals and permits that are required to commence the development of an operating
underground mine and associated infrastructure at the Project(26). "

From junior explorer to the verge of production is something most could only dream of. Look past one set of results to the bigger picture and think about where this is going

As much as I'd an update, the last RNS was pretty vague about timing - "is being completed and is expected to be concluded around the middle of April 2021."
If the exercise is concluded a week late and the company takes another week or two to digest the content and issue news, things could drift well into May before we hear anything!!

Could well be - same thing over on EWI today

I see Chris Akers and Twitter predicting 100p by the end of the year. Having bought at 5.8p, I’ll settle for that if it materialises

I see Chris Akers on Twitter predicting 100p by the end of the year. I’d be pretty happy with that!

At 16.21 yesterday

"trouble is there's 15,686,274 new ordinary shares @12.75p just waiting to be dumped, so it's going to take significant good news to get past that, which is unlikely"

Keep 'em coming my friend :-)

"As predicted AcciesLad, this is so clear. KIngfisher margins can be 1/2 those declared at Howdens." - So what? Let Kingfisher trade at lower margins. They've done it for years!

"The company struck a more cautious note on the outlook, saying that so far this year, it is experiencing pressure from commodity prices, increasing freight costs and product mix, with a higher than usual proportion of sales coming from lower margin products." Good to see management engaged with the business and reading the market

"Management's plan to have fewer kitchens and more takeaway is the core issue." Howdens plan to sell fewer kitchens? Seriously?

"Management are letting Wren beat them hands down, watch now as Wren senses blood and turns up the heat!" New director pops £50k of his own money into Howdens shares - that shows confidence in a market leader. Let's wait and see where we're at at the end of the year - I'll wager I won't regret holding these

In some ways, if you know where the price is going, it really doesn't matter if you pay 21p or 24p. Presumably someone with the confidence to invest £200k in GGP knows that the current levels will soon be history

Don’t see Greatland anywhere

https://www.bailliegifford.com/en/uk/individual-investors/literature-library/funds/investment-trusts/portfolio-valuations/scottish-mortgage-valuation-31-december-2020/

I've thought that often enough over the last 18 months but if you look at the last year's trading you'll see that every peak has been followed by a dip. Look at Mid September to the end of November and the weeks of frustration when the price was held in the low 20's then the rise that followed. I'm more than confident that a similar pattern will emerge and the current levels will be history soon enough