Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
If there's one thing I've learned from the stock market (especially AIM stocks) is that the seller is never done :)
This share or any other. There is always "The seller" who is "holding the sp back"!
Seller must be desperate. I just paid 14.38 for a top-up.
Excellent summary, Justdeezerts.
That was certainly my impression of the price drop at the time. The 18-24 months comment.
However, knowing that the board like to undersell and overdeliver, and knowing that the world (esp. UK) has been an absolute sheisse-show for a few years now, it is very prudent of Jon and the ITX board to play it cautious. Who knows what black swan event(s) might occur, or when the PM might open her mouth again, and send the UK's valuation and reputation plummeting?
My view is that 18-24 months is the cautious view, and that, barring unforeseen mini-budgets from any of the next several chancellors, the route to profitability will be quicker than that.
Stating a quicker timeframe would only leave them open to missing that target. A smart CEO will want to exceed targets. Jon is a smart CEO.
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Pendulum are aiming to be the picks & shovels in the DeFi bonanza. A good place to be.
I can see why Nick Slater has gone so big!
Ragnarr.
Thank you very much, that's what I was hoping for (a future not necessarily dependent on BTC and dogecoins!).
I'm looking to add to my holding, but it's like playing a game of chicken with the share price.
I have no concerns over the company, and the share price is a great deal at the moment. No doubt this will be well over 5p in the medium-term. It's just what's going to happen in the short-term.
Truss or Kwarteng could open their mouths any day and cause the markets to lose 10%. I'm not convinced the damage the current Govt is doing is over yet.
Just hanging on for the mean time, but if the share price does drop it gets more and more tempting to add.
Re: pendulum parachain and linking digital currency transactions.
A lot of people mention how this will improve flow/exchange of Bitcoin/Various alt coins. I'm just thinking about the bear case here for BTC... Digital currencies will most likely have a place in the future, but possibly with Govt-issued currencies instead of the current digi-coins. So, assuming BTC and alt coins themselves don't succeed, to be superseded by "official" currencies...
Would Pendulum still have value for enabling these "official" Govt currencies to move around? If the technology is there, would it be bought out to enable "official" Govt. currencies? Is there still a value in it for the flow/exchange of other blockchain-related items (e.g. things like property deeds will move to blockchain, rather than paper)?
Thanks in advance, still trying to get my head round it all!
I'm with you on Point #2, Sparky, but I'll respectfully disagree with you on Point #1.
Imo, Yu won't be paying a dividend any time soon. With the amount of current market turmoil, and with no end in sight, I don't think a sensible CEO or CFO would consider there to be too much "truly surplus cash" in the sector right now.
Yu will want to deploy profits into scaling up, mergers & acquisitions, taking on customers, grabbing market share to position them best for the future.
I first bought in at a higher price, and loaded up at around 200p, so I'm above water right now (one of my few shares that is) and I'm expecting plenty of growth in the company, to be reflected in the share price, but I'm not expecting Yu to be a dividend-paying stock at least until 2025.
Also from the same article:
- The IMF said its projections did not fully factor in measures announced in the mini-Budget, which included cuts to income tax, stamp duty, national insurance and the cancellation of a planned rise in corporation tax.
- Pierre-Olivier Gourinchas, the fund's chief economist, said: “In short, the worst is yet to come, and for many people 2023 will feel like a recession.”
- The UK is the only G7 economy which is still smaller than its pre-pandemic size.
- The IMF believes higher inflation and rising interest rates will push around 350,000 more people out of work, with the unemployment rate expected to rise to 4.8pc by the end of 2023, from 3.5pc today.
Maestro
I know that. Mattja seems to confuse the geological interpretation with the business side of things. His smug hubris that LND was home and dry after the summer warrants was grating, his patronising assertion that anyone questioning the future performance of the share price is ignorant of what LND have in the ground is annoying. His ramping of the share price sub-20p has been painful to read, especially when it has continued to drop.
I have a lot of money and shares in LND. I am underwater by a decent amount. I want honest appraisal on this board of the company's prospects, not "i told you so"s from someone who is clearly wrong.
It doesn't seem to me that the summer drilling funds will take the company through to a sale, so I am stuck here for a lot longer, watching the sp dwindling away until the next raise and dilution.
Happy to be wrong tho.
This is a fantastic RNS from SEE.
It is so hard to raise money in this current market, and for the foreseeable future, so for SEE to have pulled this off is outstanding work and proof of their technology and faith in their direction.
So much risk ahas been removed, and I'm happy to hold for a lot longer.
I don't know why anyone is panicking when Mattja84 clearly said that LND has raised enough from the sale of warrants that no cash raise is necessary. And if Bill tries to raise funds for more drilling, the boys in the City will say no, because that would violate Mattja84's guarantee.
And if Bill tries to raise funding, perhaps it's because he doesn't understand geology. So maybe he can speak with Mattja84 who will set him straight and tell him all about geology.
He's smug AND correct. So that's the best of both worlds.
It's just an RNS Reach, so clearly no £££ value is attached to it.
But read between the lines. These are the players ITX are in bed with. Everything moving in the right direction.
If Jon is savvy (and I think the undersell/overdeliver model is proof of this), then he knows even a bombshell RNS will get sold into in this market, traders will take their 10% and the share price will come back down.
Lay a few breadcrumbs, wait for the panic and desperation to sell, then push harder when market conditions improve.
In retrospect, it will seem clearer.
You're in for a rough time if you're getting your hopes up expecting big news from or before the fireside chat.
There will be no RNS, no big news.
It's a chance to discuss the progress that has been made, to put some meat on the bones, and get interested in the story. That's all.
Hedges are usually set for a certain price, for a certain amount of gas, for a certain amount of time.
YU seem to have done very well with their hedging predictions, and will benefit from it, but there will come a time when the hedges run out and need to be renewed (which I imagine is a continual process a bit like a conveyor belt?).