Member Info for Balanced66

This just looks like a poor investment. As I've mentioned on the Prim board before ( they put a £1m into this stock at 40p) the company was and still is very early stage. It basically listed to obtain funds to develop its product. It should have done all that and proved the product before listing. It took investors money and squandered it and in the end the product failed to be viable.

There's no conspiracy and who would seriously take over the company with unproven and undeveloped tests?

Another example of AIM market excess.

Covid was a one off. Companies always revert to mean share price trajectory over time. This went no where for many years before COVID and without any new groundbreaking high selling products the sales are going to be low as in the past. These share price pumps should have been used by those underwater to sell. It's better to have 10% of something than nothing at all and that will become part of the regret later on - " why didn't I sell my remaining holding...".

Just hoping for a miracle is a lousy investment thesis. Can understand traders but anyone holding long term will most likely see an erosion of value over the next year or two and placing is likely at some point.

Disaster at Clean Power Hydrogen. £1m was invested! That's a huge sum for a small company like Prim. That will have to be written off. Too many failed investments. This stock should be wound up it's not delivering anything. Companies invested in are too early stage. Meanwhile look at CWR and ITM how they've powered ahead. This early stage start up investing is a failed strategy.

Just keeping the money in GGP all those years ago would have provided a better return. Lol. Shame they never reinvested back into to GGP at the lows.

A lot of novice investors jumped on to the bandwagon during COVID. They had likely never invested directly in shares before.

One of the main novice mistakes is to put all your eggs in one basket.

Buffet says: "Never lose money." His second rule is: "Never forget rule No. 1".

If you lose your capital then it's the end of the road. Nova was always a high risk company at the time it was making all these millions as the vaccine breakthrough was just round the corner and it was ultimately a one trick pony.

Professional investors would always see this as a high risk play as it was a small company with a history of low static turnover and losses running into millions every year over many years.

As a new investor I also made the mistake of investing disproportionate amounts into these risky plays but I never put everything into one stock. Nowadays I try to limit any one stock's weighting to no more than 5% with most stocks around 2-3% of the portfolio value.

People really need to look at the advice given about portfolio construction and also diversifying sectors.

This is really the downfall of most private investors. Yes, many directors will look after their own interests over those of shareholders and this is a disease common on the AIM market. As novices we will be taken in by the hype and pay dearly for it.

We should get rid of these motions of getting rich overnight and many might be better served by trusting their money to professional fund managers and looking to double our money over 5-7 years and/or until we develop sufficient skills to invest directly ourselves; imv this will take at least 5 years to achieve to get to a decent understanding of what to invest in and what not to.

Keep hearing about Fresho doing well. Yes it may be opening new operations for example the recent expansion in the US but the sales figures are abysmal. Now you have a strong chance of a recession coming.

Prim has gone nowhere for many years while we have experienced a raging bull market in stocks.

Take out Fresho and there is nothing else that is worthy of note.

GCC - Gulf Cooperation Council countries, so Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.

Birdsong

Yes the US, which incidentally has started the most wars in history and is the only country to ever have dropped nuclear bombs, could cripple Iran for many years. However, Iran's aim in this war is to inflict severe damage on the world economy and only a few weeks into the conflict it has already done that with nations scrambling for oil and gas. For Iran this is a war of attrition and it has said it can go on for months, the US and Israel cannot afford to. Get ready for a major world recession/depression. Iran has said it will continue bombing Israel and the GCC bases etc even if the US walks away without meeting its terms of settlement.

No US president was foolish enough to fall into this trap until Trump did so. This will end badly for the world and it's the people that will pay the price for the war.

You had China also saying yesterday that the Yuan should become the world's reserve currency.

There has been lots of talk that China actually have more gold reserves accumulated than the US - possibly up to 30,000. All speculation but most agree it's much higher than the official figures. Imagine if they ever announced such reserves it would put a rocket under the gold price.

Also Julie Shelton (former Trump economic advisor) did an interview with Miles Franklin Media and said that on 4th July he will back some Treasuries with gold.

I suspect that the US government has been a heavy buyer of gold behind the scenes.

Unless every one thinks the gold bull is over people will be looking back in a year or two laughing over how they were discussing whether 15p or 16p was cheap. If this is like the historic 70s market then we've seen nothing yet.

Welcome Bojo. Nice to see you here. We started around the same time I think during COVID. Hope you have been doing well.

I would have bought more here but it's already my largest position so had to force myself to consider something else that I didn't own during this firesale.

Goingtothemoon is a spam account and it's probably run by several poster - it's not the same person imv. Check out his past posts they are incoherent and unintelligible.

He was right spamming the lifestyle company GWMO but there's an ocean of difference between us and companies like that.

He knows nothing about gold bull markets and how corrections like this happen in all of them and are healthy.

I mentioned earlier about how multiples for mining companies expand in a bull market.

Here is a post explaining that and based on history, gold stocks generally have a long way to move up yet.

https://x.com/R_Sheldon/status/2017473609221214294?s=20

Simms

In a bull market as it progresses free cash multiples expand a lot. I had some information on this somewhere which I'll try to find and post.

If we mentioning other stocks one of my favourites is MAFL - probably 50% discount to net asset value at the moment and that's without factoring in their share of Golden Sun - yes they own around 16% of a gold miner producing circa 45000 oz gold a year and cashflow.

How much would that be worth at £5000-£6000 spot? Certainly a lot more that £20 million market cap.

They also have other investments and options for cash such as a share of Cerrado's Portugal mine.

Very good and savvy management. Bargain price at the moment and as it's a diversified investment company reduces risk.

It was for me - my pension account was showing a negative balance on the trade even though I had the money there due to some foreign exchange balances as ai deal in international stocks also. I was about to press buy when the bid changed from 6.18 to 6.30 which I bought at.

Not sure if that was a sell as I could buy at 6.18 at the low point

I don't know if you guys have mentioned Don Durrett in any posts? He is a very well respected and regarded professional PM investor. I recently bought back in here due to the progress being made so apologies if he has already been mentioned.

However, Don Durrett values companies differently and I'm pretty sure at $6000 gold the metric he uses (he might have to revise this upwards now with the strength of the gold rally), he would easily regard MTL as a 5 bagger from current levels but more likely as a 10 bagger over the next 2-3 years.

Gold exploding and some are fretting over small things and not appreciating that the current price of gold revalues everything massively up.

Just topped up. Thank you for the opportunity.

Bought more today. Now my biggest holding. Upside and lower risk due to the diversification. This is an easy multibagger imv.

Great management as well, one step ahead and looking for the next rally in this metals bull market.