Member Info for addicknt

You said it yourself; "but keeping risks in mind".

We all recognise the opportunities, which explains why so many of us have been holding for years, but no investment is risk-free.

Fort, fair comments, but I was basing the possibility of NCC selling after having been told they're less interested in Cascabel but do have an interest in ExCo. Of course, it's a dynamic situation and strategies may change. As for BHP...who knows? The only guide we have is that they were happy to be diluted, but even then we don't know if they were asked and declined the opportunity, or that they were simply ignored, which wouldn't surprise me.

Orthern, an understandable point of view. Is there anyone who doesn't regret not selling at 40p? I've made some pretty crappy investments decisions over the years, and not selling here ranks as one of the worst.

RT, agreed, but that won't stop Newmont selling if they regard their investment as non-core.

Orthern, if they sell to JCC we'll end up being boxed into a corner. This risk is recognised by the company and, given our seemingly good relationship with JCC, the team will have to tread very carefully.

I should add, a placing of Newmont's shares with financial institutions would be preferable to any trade buyer.

Various articles/commentators have discussed the explanation for the recent rise, the consensus seemingly being a reduction in execution risk. Reference has been made to improved corporate governance (the appointment of a chairman and DV, both of whom, in my opinion, represent a step-change in capability), the release of Tranche 2, brokers ratings (these are all old news) and the rumours of a bid from JCC. The latter has the potential to be our biggest risk.

I don't buy into the theory that ActusRay are working in cahoots with JCC, but the question of them buying Newmont's holding seems to present a real risk (I'n not convinced BHP are sellers at this stage). So what can the team do to mitigate the possibility of JCC selling?

I think it rests on us maintaining a very close relationship and offering them first dibs on becoming the cornerstone investor in ExCo, conditional upon them not selling their plc holding to JCC or BHP. An alternative would be to source a suitable buyer(s) elsewhere...Barrick perhaps?

Do people have a view on what other practical steps our management could take?

Magoo, Newmont were suggested to me. Agree with your comment about the Chinese.

I was impressed by PS and DV has now demonstrated they make a very strong team. There seems to be real clarity of purpose and a realistic assessment of the challenges ahead.

So far much of what PS said is coming to pass, and it'll be interesting to see how things unfold from here. One thing which becomes more apparent by the day, and that is the amount of time previous management wasted. What a feckin' disaster.

Will Newmont sell them their holding? I sincerely hope not.

RT, I agree with your point 1, but you know what financial institutions are like. For what is regarded as a high risk project, the return will have to stellar and there will be a price beyond which it loses its attraction.

Brisvegas, I agree with your point about NM keeping the sharks at bay, but it came at a cost - instability which has lasted five or six years. I'm afraid I do not mourn his defenestration.

NMM, you may well be right, although I wonder if the remaining placing cash will be earmarked for ExCo, with the FN monies going to Tandy/Cascabel?

One of the ambitions of management is to attract more institutional investors. The problem being no new placings are planned for the time being, which implies they'd have to buy in the market.

The last couple of weeks suggests they've been successful and financial investors have been snapping up shares from fatigued retail punters. I suppose the question is; how long will this last? How many more retail investors want out now, given the extensive news which is due over the coming weeks and months? Have the management done too good a job in persuading people that life has changed for the better?

It's pretty clear sentiment has shifted and perhaps small shareholders may be more reluctant to part company with their shares? What happens then? The price rises further and weak holders sell, but at what stage do institutions begin to think it's moved too far north to make it an attractive opportunity?

Of course, stock is always available at the right price, but what is that price?

Sorry, just some rambling thoughts as I try to understand what's going on.

Thanks for your searing insight. I'm sure we're all very grateful.

You can add GGP to their litany of failure.

AIM?

Smick, they're quite active in the London market so may wish to abide by the rules.

Either way, they've made a right balls of it.

Actusray is facing a complete wipe-out on this stock. Tragic, isn't it?

RT, the bloke doesn't know anything about the company or its history. He's just another of those strange folk who inhabit these boards and notice a rapidly moving share and choose to then give investors the benefit of their wisdom.

Bozi, you weren't the only one who got SC wrong - it still makes me cringe whenever I think of him, which I try not to do too often!

I think the current rise is as a result of PS and DV getting on the blower to their institutional contacts and flogging them the story. They have far credibility with this audience than did SC (they speak the same language), who always appeared unsure of himself when numbers were mentioned. In combination with a good old bit of fomo from retail punters, this offers the explanation.

Mister, less of the fast, more of the smart.

One word: Management.