The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Can't understand why anyone would want to sell right now.
Trading in AIM is ridiculous. Ramp crew start a rumour, you get stupid rises and people buy into it. Good news via RNS and you go into the red. Couldn't make it up.
I made the mistake of investing far too early. And it is still early days. Everything from the company since news of LOI has reaked of desperation. An MoU does not fill me with confidence at all. The very fact you think you need an MoU, shows nothing but a lack of confidence.
There is still nothing concrete on the project and now they are going to look into further projects. It is all talk and no action.
The share price will drop further still. There will be spikes along the way, more shares issued and initial investors will be left wondering where it all went wrong. Pretty much the same story for about 8 out of 10 companies on AIM.