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Sharketmare, I'm not sure it's about financing. Well, obviously it is, but it's more about would a company be justified in starting it? Every man and his dog knows what we're sat on, but regardless of what some of the more, let's say, positive types say, nobody has come forward simply because the numbers haven't been enticing enough.
You're totally correct about which numbers they use for the goods, but they'll have to remain realistic. Just because Gold is 2000k plus now doesn't mean they will be in X years time. Prices can fall, as we know.
The point of my post was more that if nobody wants to buy, I struggle to see how we would get serious funding from any other facility. Perhaps we'd have to look at giving 50% or more of our assets away just to get a billion or similar?
Make or break time is rapidly approaching, imo.
Most people here are just making the assumption that PFS3 is going to be a lot better than previously.
I sincerely hope it is, because if the numbers don't stack up, it's difficult to see where we go.
Meanwhile, the fall in SP is relentless :-(
Yes, I've been watching on and off and I agree, it looks like it's going lower. I'm still on holiday until Weds morning, so I'll continue to watch. I'm very tempted to just add now, but It's the update next week, which I have a feeling is going to be not at all good.
I was going to add a few, but was quoted 8.88, the cheeky scrotes. The technicals are saying it's a strong sell atm.
Yesterday.
The MMs dropped the ask, but it looks like they forgot to drop the bid, so the prices were actually the same. I don't ever recall seeing that before.
And then there was no UT all day. That's odd too. Unless it was the after hours 273,000 trade marked incorrectly?
Not important really, but there's not much to talk about.
I still haven't bought yet. More sells than buys and they've raised the price! No rush, I've got plenty of these as it is.
Heh, every trade goes against me;
BATS -11.5%
ITV -17%
JD -9% (I only bought that the other day)
LGEN +5%
SOLG - 19%
Heh, a fair mix there, most of which are long term.
I'm really unlucky or just a terrible investor.
Fortunately, my fund investments balance things out.
Jammin, I'm not as negative as you. I think people see as the same as me; a brilliant trading opportunity.I
I'm seeing deals going through at 8.99, but I can't get that. I'm being offered 9 and they can FO.
Just as someone seems to be taking the p out of me, so I've put a limit on at 8.8p.
Bozi, on the basisi that I think the market is thoroughly sick and tired of SOLG.
I'm also totally convinced that the big boys aren't currently in the slightest bit interested in buying it yet, either.
Quady's fundraising from some form of group is more the way I think this will go because it would perfectly expain why Scott hasn't done some form of a deal.
There's nothing on the table and not likely to be, imo, for all Scott's bluster. Irwin has realised to, again imo.
I really hope I'm wrong, but 100% doubt it.
I suspect you might be right, SSS. In which case, I'll take some of those too.
Meanwhile, I've been thinking why I said this wasn't a good, well run company. The answer is that they should have spent a year or two making serious profit and then have looked at starting Kou.
Then they wouldn't have given a big chunk of the company away for pennies and could have done it with hard cash.
I don't get that decision at all and it's a sign of a young man who's in a rush, meaning the company bit off way more than it can chew.
It's what leads me to think there's not a hope in hell Dan will sell Dugbe.
It also tells me the reason why CIG wanted more power/involvement.
I don't think they trust him.
Heh. David, it's not about self-congratulation. I'm really not a very good investor, as I've made hardly anything over years, mostly because I've bought and held.
However, I can see the massive volatility here and it's something I'm going to keep playing. 10% of my holding here are my punting shares, while the other 90% are my long termers.
Guess where I've made way more profit?
What makes this a good, well run company?
I don't think it is! is the simple answer to that.
But I also see that any bit of good news will see this make 50, 60% or more, no problem.
And if it does, you might want to consider selling and find something else to moan about.
Of course, it could easily fall by a load too, which I why I have dry powder ready to snap up some more if the upcoming update is bad, as I suspect it will be.
Meanwhile, I'm awaiting 9p.
David, whatever.
It didn't stop me making a lovely profit from my punting shares.
You don't get it, do you?
This moves 4-5% when the MMs feel they need to do something just to get buys in.
I can honestly say, in my decades of losing money, I've never seen a better share to try a punt.
I'll tell you when I buy next and a suggestion is that you might want to play the same game.
It's absolutely not advice. Perhaps you're happy playing the usual game, where I at least can't make a penny.
I'm not sure what there is to accept?
Jed's not talking about a bid per se, more that it's a fact that if this gets too cheap, it will be prone to a bid, if it's not already. Not that it matters, because it wouldn't be accepted unless there was a very significant premium. Aren't the studios valued at a quid, alone?
I don't see any bid coming, personally, particularly in this economic climate.
And I still haven't seen what the dame is doing wrong, as much as some keep saying "she just is".
The company is still making very good profit.
Jammin, I think it all depends on what you believe. Were CIG desperate to buy or were HUM desperate for the money?
I suspect the latter, myself and it was as much about protecting their previous investment.
In which case you'd have thought they might have used that 10p as leverage in their deal.
Not that I'm complaining. It should help stop the SP falling as low as the 6's again.
Mind you, I quite liked those bargain basement prices.