Member Info for BodRuncie

Is anyone on twitter pumping this?

It's excellent to see an internal appointment. It suggests the company has a good envrionment.

I agree, this is excellent news. You were spot-on with your prediction, AM90 :)

Good to see more exploration of Carrot-top too, with Bill being so fulsome in his praise of it.

Fully-funded for these drills and analysis and up to the end of 2022. Let's hope one of the majors sees something they like and bite!

Poor comms from ENET, not even bothering to state in the RNS whether it's a purchase or a sale.

Laziness, ineptitude or just trying to hide the bad news?

*near.

No dividends in the mear to mid-term.

I've said this before, but I'll say it again:

The 2021 Annual Report states (in several places) that future surplus cash will be used for strategic M&A and investments.

I wouldn't expect dividends in the near or mid-term. This company needs to grow to make best use of its efficiencies, rather than distribute it to shareholders.

Tobin is back buying today. Another £10,000-worth to add to his pot.

I appreciate your take on things, AM90.

So, in your opinion, what is next? (apart from waiting). A drilling announcement?

So 14th July has come and gone.

Out of nearly 16m warrants outstanding as of 6th June, nearly 4.5m were exercised, raising £890k cash. To me, this seems far from the "significant uptake" that the Board expected in their June 2022 Annual Report.

So what next. Any prospective buyer now knows that Landore aren't in as strong a position as they were before, and will have to raise funds for any future drilling programme, most likely at a price lower than 20p.

The waiting game continues...

It'll have as much of an effect as the 2 RNSs on 27th June did :)

If you look at daily trade volume for TRX, there were 2 days with massive outlier spikes: 24th June and 12th July.

The two resulting RNSs from the 24th June trades, were Lombard Odier reducing their holding by 3%, and Harwood Capital increasing their holding by 3%.

I wonder if yesterday's reported massive trade didn't budge the needle on the sp because this is a similar arrangement to 24th June.

Expect at least 1 holding RNS in the next (working) day or two.

https://www.lse.co.uk/rns/YU./change-of-adviser-vzylow141rfx144.html

Yu appoint a new Nomad and sole Broker, Liberum Capital, to replace SP Angel. SP Angel are generally regarded as one of the lowest quality Nomads on AIM, and the language in the RNS ("delighted to announce") suggests that Yu feel Liberum is a significant upgrade.

Certainly the sp has been languishing when the underlying business suggests strong performance.

They certainly have impressive CVs. If DX were struggling, I wonder if they'd have been able to recruit these guys?

The health of the company's business is excellent, and progress however slow is being made in getting the audit done.

As frustrating as it is to be a mushroom PI, it does seem the pieces are coming together...

On the other hand, with high inflation, debt will be worth less...

Could be a computer algorithm.

Also, some trading accounts offer free trades for a set £ per month, so don't assume someone is paying £9.50 per trade :)

Miton Premier have a good track record of backing growth companies.

But someone is not fulfilling their duties to the market. There is no way Miton bought 13.89% on the open market in the past couple of days without the share price nudging up. So either they have been buying small amounts for a long time and not declaring as they passed each %age, or they bought the holding off another major holder, who hasn't declared they sold out/down.

The RGO shareholder's page on their website has already been updated to show Miton at 13.89%, so does anyone have records of previous major shareholding registers? The Wayback Internet machine isn't working for this page.
https://riverfortglobalopportunities.com/shareholders/

Totally agree, Sparky. The last (brief) trading update on 26th May mentioned that the first 4 months of revenue was up 81% compared to the same period last year, but stated that they expect full year trading to be in-line with market expectations.

I feel the YU management tend to undersell the company's performance (imo, which is way better than overselling it), and are leaving some wiggle room to outperform those expectations in the July H1 trading update.

I put my money where my mouth us and I topped up today.

Re: directors not being re-elected.

I can't imagine basic PIs have a huge amount of knowledge regarding which board members are performing vs. which ones aren't, so, based on the large %age of votes against some of the directors, I am thinking that this is down to large/institutional holders.

Either they are much more actively invested than passively holding in funds, or possibly someone is angling for their own person being given a board seat.

Just thinking out loud here, but I am very pleased with ITX's progress. A happy LTH here.

It is not uncommon...

The 2021 Annual Report states (in several places) that future surplus cash will be used for strategic M&A and investments.

I wouldn't expect dividends in the near or mid-term. This company needs to grow to make best use of its efficiencies, rather than distribute it to shareholders.