Member Info for BodRuncie

@platoh.

IIs have no interest in buying out a company and managing it. They invest other people's money. If there's a run on withdrawals, how would they sell up? IIs have rules against this sort of thing.

The only example I can think of is Acuity Risk Management being bought out by a small investment firm, and Acuity was their sole investment, so they just bought it out. It hasn't gone well for them.

IIs have no infrastructure to run businesses, although they may occasionally request a seat on the board (see Harwood Capital).

I'll teach you how to fish for yourself:

Click on the RNS tab and look at what trading updates and statements have been released, and when they have been released, and you will spot the pattern for yourself :)

When share prices dip PIs always come up with reasons not to invest.

I've held KINO for nearly 2 years and I talked myself out of adding in March and April when the sp dipped from 70p into the 40s. IMO, this dip from 80p down to c. 60p is a similar lull, so I have added a little more. Scott et al made a bid for the company at 56p and it was rejected, rightfully so.

Even 60p is a ridiculous price for this business :)

Why do the board need to put out a statement? This is just PIs panicking and whipping up a doom spiral.

SEE just had an Investor Presentation, in which they said there would be no need for a fundraise because, if they do need access to capital, they are arranging financing facilities with lenders.

If people choose not to listen to their own words, why do they need to put out another statement? If people choose not to believe the board, then what good would putting out another statement do?

There will be no fundraise. They said so.

CEO and CFO own large shareholdings. They don't want to dilute themselves.

Izstar, the whole of AIM has been pretty dreadful since start of September. TRX is no exception.

Day to day share price movements, especially in AIM shares, are driven by PI sentiment. IIs operate over longer timescales. We haven't seen any Holdings RNSs for sales, so no IIs have been selling. Just PIs. Look at trading volumes: very low.

Imo, there isn't anything nasty in the background, it's just nervous PIs. Look at this board, and look at any others you might be invested in. Same story all around. PIs are frightened by uncertainty and falling share prices. It's a cycle that feeds itself.

Once the UK budget is "known", the uncertainty factor will be gone, and I hope some stability will return to AIM. This US election isn't a factor for AIM stocks. I expect November and December to show signs up uplift and recovery.

I'm content to keep holding. TST is a great niche business with loads of cash and a very undervalued mcap.

On time.

Within budget.

Again.

Fantastic job by the whole from Bo on downwards. It was a nice touch to thank Treasure State Drilling for their excellent efforts too .

A class operation.

I posted this in May 2024, and it is still applicable:

"The twin emotions of TRX holders:

60p: this so frustrating, I should just sell up.

70p: why didn't I add more at 60p!?

:)"

ITX really need to improve Investor Relations and their PR.

It has been a tough year, but the last video presentation John and Laura did really sucked any PI enthusiasm out of the company.

They need to restore it. Either through good news RNS, improved TU or just painting their prospects in a better light.

This is more and more de-risked, on time and within budget, by some of the most experienced He miners out there.

And the sp is rangebound at 18-24p?!?!

Madness. Opportunities like this don't come along very often.

The UK has a similar situation, regarding prize draw winners, and I expect Ireland's legislation will follow along the same lines. All that is needed is clarity.

If there is any drop this morning then it's probably a buying opp :)

It's not ideal to have the uncertainty, but I think the eventual impact (if there is any) will be minimal.

Global opportunities and expansion will more than cover any potential impact from Ireland.

It will be interesting to see what happens to the share price, with everyone looking to sell up more than their entitlement.

Approaching 80p will definitely meet with strong resistance.

CWR finally getting into its stride! Solid foundations, great potential, great opportunities to scale up.

I'm very pleased with the progress and the direction.

A UT at the end of the day is a strong indicator that there is currently no background seller.

The MMs can't match new Buy orders with an established seller, so they need to dip into their pool of MM shares.

Sounds like REAT

https://www.investorschronicle.co.uk/content/91b5541b-ff0d-5018-97d0-3ca41e93bc89

Perhaps nothing stopping them, but they'd need all MMs on board and they'd need sufficient PIs to panic and sell.

I'm sure this has happened before.

I think we shouldn't underestimate just what a great job of getting those "ducks in a row" that Daniel and David have done.

They didn't take over a great position, and the turnaround needn't have gone as well as it has. Even little things like buying their property instead of renting, shows an astute sense of how to run the business as a whole, not just selling the products.

The smoothness of the continual doubledigit growth perhaps gives a sense it has been easier than PIs give credit for.

The business is growing, the TAM is growing, and TRX are taking market share.

Patience is as that is needed from me.

Very chunky. Someone is not prepared to wait.

Or possibly a fat finger trade?

@SmartInv,

John said the next trading update would likely not be in October but will be out before the end of the year.