Member Info for adamsmithfreethi

pan. Nasty smell about...

At one point I owned SGI and one of its targets (Baldwins I think). The stock was loved and everybody took its money. Easy money then...

is utterly disenchanted with this stock and the only thing stopping it collapsing is the fact that net current tangible worth is not far from the current stock price. However I agree with rotto, this is an entrepreneurial company and they have a lot of assets albeit in post industrial locations. The question is can they monetise these?

I reckon those directors knew something back in July. See my post. Some altruism!

on this share. Whilst they are clearly not pinning their future on digging out and distributing coal I suspect the future of coal (at least for power generation) will be with us for at least 10 years. Problem is that no nuclear power stations will be ready before 2026 and no gas powered stations are being financed because everyone is skeptical of being able to make any money given current govt policy. In short I see an upside on profits from coal given current abysmally low expectations. Hopefully, they can realise profits on their other operations too

But just remember every year that goes by without a divi being paid ups the opportunity cost of investing in alternatives that do pay out. As the studies show 80-90% of gains come from the compound return of re-invested income not any capital gain which you are obviously hoping for.

Never fails to pack em in! Investors should deal with certainties not whether somewhere over there them hills be there gold! Good luck with your bigger picture but I would suggest you cast your eyes away from the horizon nearer to your feet and look out for potholes in the road ahead. This company has consistently lost investors money (unless you were smart enough to trade in periods of volatility) and will continue to do so until it is wound up or if you are lucky enough it exhausts its reserves of gold.

How many years proven and expected reserves has this company got? Given the financials how long before the debt is paid off and shareholders can start earning a return? And that's assuming nothing goes wrong either in the gold market or in the company's operations. I'll think you'll find you're contributing risk capital solely for the lenders benefit not yours...

Is relatively easy to spot. First you buy up all the (quoted) competition then you expensively buy a product to sell to the world. Finally, sit back and watch it all fall apart. Buying into this company now would be an exercise in the oft quoted process of catching a falling knife. They now find themselves with a large debt, declining profits and increased competition from unquoted competition. Somewhere in there is value after all the debts have been paid off..

why people re-post what is anyway a rehash of what appeared in the prelims. It adds nothing...

was what they said about the state of the Chinese economy. Not pretty either at the micro or macro level

I got interested in this company when the share price slumped from about 160p to 100 because of the scandal over BOd expenses. I bought thinking the market was over-reacting. How wrong I was. In retrospect it seems obvious that if the Bod were cheating on their expenses they were cheating on everything else.

Still it's a bit strange introducing institutional investors by selling your own shares rather than issuing new ones. Not sure this stacks up. The directors aren't a charity to assist institutional investors get good returns. Why are they selling nearly 20% of the business and yet no new cash is raised? Not altruism methinks...

What's with the high volume of transactions? Sales I assume given the price drop....

You could say that about the whole stock market. AIM is more extreme. Whilst there are none never neverland stocks in there I still think there is a core of good solid companies. Strangely enough I think PRES is one of them, it just got ridiculously overvalued when it went big time into renewal energy but with minimal sales. I must confess I lost money on other stocks when the price of oil plunged but this share still hovered around 700p, I think investors forgot its core business was oil not renewable energy. Anyway I sold my 70K holding at a 300% profit which helped make up losses elsewhere. I do think this will come back but slowly.

They went on an acquisition spree using their overpriced shares paid too much bought to much and then found they had to sort of the chaos with no profits from their core businesses in oil. Glad I sold out at 700...

I've been burnt with this share before and sold out. Glad I ignored the phantom rally and didn't get back in, Anybody reckon it was manipulated up in advance of the results? Also what's with the midday announcement. Designed to catch everyone on the hop?

I haven't looked at this share price for months but noticed POG's rights issue today. That led to a train of thought about AAZ. Shocked but not surprised the share price. If you look back I've said similar things about this company before when the share price was around 7-10p so I do have form. Another word of advice. Once you sell a share no matter how disastrous the circumstances you have to move on. You'll find this hard to believe but I thought I would perform a small public service by offering a reasoned rational view given the group think that was prevailing. If you view that as trolling more fool you. Anyway keep the bile coming I'm done with posting on this share until further developments. Ta ta

Are you? Time will resolve our argument so let's leave it until further developments...

I'm no genius and have invested in shares that have subsequently been suspended. However, I got out before that point (yes at a big loss) because of the negative posters. I hated what they said but eventually it dawned on me that they were right and I was wrong. Do what you like with my opinions but price discovery is better served by having an honest debate rather than pie in the sky groupthink. I know this company and have conducted a lot of due diligence with it in the past. I'm also not shorting it.