Member Info for baldmark

Maybe some precious metal investors don't take Sleepy Joe's threats that seriously.

Aquis shares tend to be extremely illiquid and the prices move on miniscule trades. (This is based on comments the Seed Innovation board. One of Seed's holding is on Aquis and this adds noise to the NAV value.) I can't see it making much difference to the liquidity of the warrants. Does anyone know how much this listing will cost?

Net debt of c.$1.4 billion (30 June 2021: $1.3 billion), higher than expected due to a larger working capital outflow from lower collections, principally in our Projects business

Can't see the market liking that.

Saw this on Citywire (free registration required). Looks encouraging.

https://citywire.com/investment-trust-insider/news/gr1t-african-property-fund-eyes-dividend-revival-after-transformational-deal/a2375410?re=92432&ea=1125371&utm_source=BulkEmail_Investment+Trust+Insider+Daily&utm_medium=BulkEmail_Investment+Trust+Insider+Daily&utm_campaign=BulkEmail_Investment+Trust+Insider+Daily

You've pretty much got the farm gate / farm shop market cornered. As to the far larger, and consequently more planet destroying, market of people who don't/can't afford to care where their supermarket milk and cheese come from the jury's still out. Ultimately it'll come down to scale and cost.

Possibly because it's a good day to release news they don't want scrutinised too carefully.

"Not sure where the money will come from ?"

Probably from another placing.

My understanding is that the lawyers can say what they like (within the law) but they can't do anything. The adjudicators can take as long as they choose. It may suit them to choose to take a very long time. Longer than the BOD could claim Rockhopper is solvent.

When I said ceased to trade I meant as a result of insolvency. My question wasn't whether in that scenario there would be anything left for the shareholders, but whether it would get the arbitrators off the hook regarding making a decision that either way would be controversial.

People usually choose the path of least resistance. Is it the case that for the arbitrators, no more Rockhopper = no more problem? If so, the logical thing for them to do is nothing and wait for insolvency.

If Rockhopper ceased trading before the judgement, would the claim die with it or would the arbitration funder still be able to pursue it? If the former, this would leave the arbitration panel with a relatively painless way to avoid settings a precedent.

This comment, on another share which, barring a rapid and spectacular court win, looks likely to be finally put out of its misery, seems very apposite to our current BOD:

https://www.lse.co.uk/ShareChat.asp?ShareTicker=RKH&share=Rockhopper&thread=A6A26CAF-45A6-4E3E-A4F3-C4005F37E523

Found this on reddit https://www.reddit.com/r/agronomics/comments/qmfbdt/information_on_new_agrarian_company_limited/

"The Board believes that the establishment of New Agrarian is a positive development for the Company as the combined capital bases of the two entities will facilitate leading larger funding rounds and provide the ability to negotiate improved lead investor terms. Agronomics alone would have been unable to achieve these due to size limitations. By acting together, the combined entities will be able to set terms and secure preferred allocations in the highly competitive funding round environment."

Short term it's clearly not a good development since it increases supply of similar securities without increasing demand by the same amount. Long term, we always knew that further funds would be required to fuel new investments. Given that this isn't diluting existing ANIC shareholders, and so long as there isn't any hidden "mates' deal" to give shareholders in the new entity preferential terms on investments, it shouldn't make much difference.

https://www.telegraph.co.uk/investing/shares/questor-british-tobacco-stocks-worlds-shunned-investments/

Behind a paywall. In summary saying no risk of dividend cut, cheap because so many institutions cannot buy because of ESG mandate. Once it has the debt down, which is well in progress, will start share buybacks which will improve price. In the meantime collect the dividends..

Isn't one of the judges French? I'd have thought he'd see maximising media embarrassment for Britain as a result!

Questor says it's a combination of the perceived risk of the Government decided to break housing benefit’s index-linking , which would impact housing associations ability to honour their index linked contracts with Triple Point, and the fact that Civitas. in the same business, is currently under short attack. They take the view that inflation won't get so bad that the former is worth the political pain and that the later will pass. i.e. Keep calm and carry on.

I'm inclined to agree and have therefore opened a position (with the proceeds of selling what I believe was a higher risk security). Please be aware. however, that my market timing is usually terrible.

As always DYOR.

httpS://www.telegraph.co.uk/investing/shares/questor-boring-stable-trust-has-lost-17pc-value-time-re-assess/

Do you believe that any under the table deal would be likely to benefit shareholders? It's the BOD that would need to be bought off.

Even byproducts aren't free to extract and may not contribute much, or anything, to the overall profitability if in very low concentrations.

I'm hoping I'm wrong. If the tin price holds up they're mostly icing on the cake. However I'm used used to being disappointed and not banking on fireworks at this stage.

Unless the news is that there's no enough lithium or tantalum to be economically viable. Not a deramp; this is one of my larger holdings. But do remember this is AIM and too soon to count your chickens. [ As I've just been reminded today on EEE :( ]

Better a tax dodge than a vote of no confidence :)

Isn't this all hypothetical. Surely if a substantial amount was awarded the Italian government would just ignore the law in a specific and limited way. The Guardian may have a touching belief in international law, but they don't have to win elections.