The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
We couldn’t have hoped for better news this morning. Share price going in one direction from here.
late excitement - I will be checking for an RNS on Monday morning. Hopefully we will go above 4p next week.
here we go - market preparing for movement upwards with JORC update coming. Very promising times.
There were a lot of trades earlier this week and the interest seems to be picking up. Just a waiting game now before we leave the 3p levels - hoping for the JORC update to come on Monday/Tuesday next week. On 21 March, Shard Capital suggested a current fair intrinsic value of 12p, with a 22p price target based on the feasibility study. Even the most cautious of investors would say we are trading at a significant discount at the moment.
To be fair, the share price has not really dropped over the last month - the mid price was 3.3 on 19 September. The market would suggest this is the bottom - further news will hopefully lift this again. The company tends to release news at the beginning of the week so possibly the JORC rns will come on Monday/Tuesday? The share price won't be at these levels for long if the company keeps operating in the way it has done.
Agreed. For the short term, I am particularly encouraged that the JORC resource estimate this month is expected to be very positive: "the geological model is being updated and, as soon as assays are received, an updated Mineral Resource Estimate will be released to the market; we believe this will see a significant proportion of the resource moved to the higher confidence Indicated or Measured categories". Hopefully the market will react well when it comes (this week or next week).
It is also likely that the collapse of Sirius Minerals has put some people off investing in potash projects for the short term. While Emmerson is a completely different project from Sirius, and the CEO made this very clear in one of the interviews, some investors who are not clued up on this may have been put off investing here. Provided Emmerson continues to operate in the way they have done, I think confidence in this project will increase very quickly.
It is very hard to time your entry perfectly. I expect 3.3 to be the bottom here before a movement back up. In the end it will not matter if you are in at 3.3 or 3.7 as you will still be looking at a considerable profit when this company has lift off. I am a little surprised by the recent movement back down to 3.3 - not sure why anybody in their right mind would consider selling with the expected news flow over the next 6-12 months. Important though to see the bigger picture and not overly obsess about daily movements in the share price.
JORC RNS probably out some time next week (mid-October is mentioned by the CEO in one of the interviews). All looking very promising. Hoping to see a bounce in the share price soon to reflect all of the good news coming out of the company.
I don’t think there is any risk of share dilution for the foreseeable future - the raising of £2.25m in July means that this project has more than enough in the bank to progress this project and complete its milestones over the next year or so. When it comes to construction of the mine, the company should be able to enter into a loan agreement with a European bank (which has already been hinted at by the CEO). I think we will have a couple of interesting announcements from the company over the next fortnight. They key now is for more people to take an interest in this project so the share price can rise steadily over the course of the next year. The good news has coming out of the company for a while now - it is a shame that up to now more people have not realised that! Yes, there are always risks but the company is significantly undervalued for what it has already achieved.
A lot of shareholders seem to have invested here solely because they thought it would provide jobs to the people in the North East. If this is true, it is a really poor reason for investing in a company. Sentimentality should have no place when it comes to investing. Also the amounts of money that individual shareholders have claimed to have lost on here is frightening. People have literally thrown a lifetime of savings down the drain - scary stuff.
The price has been cheaper at times in the past but it is an absolute steal at this level. With all the good news coming out of the company, I feel the share price should be triple or quadruple what it is currently.
Another good piece of news from the company today. JORC rns should be some time next week or the following week. All looking very positive.
Couple of significant announcements expected over the next few weeks - interest is growing now here. I think this is the last time we will see this share at the 3p levels. Onwards and upwards.
Why should the government fund this? Just because the company is based in the north? The project was never commercially viable. I expect the directors have known this for some time and have strung investors along. Finance is the number 1 concern for all start-ups and it should have been secured a long time ago. Investors will just have to lick their wounds - the warning signs were there.
I always thought Sirius minerals would run into serious issues - very pleased I stayed clear of that. I cannot see any red flags with Emmerson. Very confident this one will work out well for all investors. This is a first class project.
What are the next steps for this company and when are they due to be completed by? Company seems to have been quiet now for quite a while?
I believe we will see a significant upward movement in this share price over the next 6 -9 months. A lot of news to come, and so far all positive.