The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
My guess would be they are doing another deal, releasing big profit numbers before a deal weakens JLP negotiating position. Main due to the seller getting a much better idea of the large profit we make from the deals we do and they will want a bigger slice of the pie
Slightly different concept. This would be off site manufacture and a temporary facility. Basically if they go down the modular unit option this will cut cost and time taken to build a permanent facility, it’s also likely to be rented and then once finished sent back, this will help with cash flow. Check out linkedin - material recovery systems
It’s currently a trail plant, it’s most likely that you won’t see construction but modular treatment unit that look like shipping containers . My guess would be generators and sub pumps to empty the mine.
Just so you are aware a treatment system is on site at Crofty to treat the mine water coming out of the mine.
Just seen this on LinkedIn!
https://www.northernminer.com/subscribe-login/?id=1003831806#.YMnQgklEX_w.linkedin
Results likely to be released tomorrow or Friday! Proof is in the pudding
I think another leg up into the end of day .... 12.5
29th Of October .... usually first thing
It’s because of the news just released on a potential cheap treatment using steroids.
It’s cuts death rates significantly
that is the point. We are not just doing BMR a favour it will benefit us in more ways than one. There is a large strategy here and we are only being drip fed it. One thing that is clear to me is that we will be selling Tjate all of the other small ups and down around the company will be washed away once this is confirmed.
This will work out extremely well for JLP.
I agree nothing that was said has been seen through!! Either clem BMD or oil. In reality clem has hit the nail on the head by saying that the only value this company is the shareholder base. The bottom line is this will go no where u till all legal action has been settled its simple as that. When and if it does settle we may have a slim chance of constructing a deal to try and restore value but that will be a great detriment to us shareholders....beggars can be choosers. Waiting game I'm affraid!
Hi Cyan Seen you mention the accounts several times now, sefton as of the time where a public company and are required to release only audit account. If the audit partners dont sign them off the company doesn't have to release them.... why they haven't been signed off i don't no, but it doesnt look good does it!!!
Thank for your input Paul, let's hope we here from him again as he has kept all the shareholders well informed since he has been CEO. Cheers jay, I think the time for them to do something is probably past now to be honest, once CO went he has very little support from majority shareholders. The only way this will fall through is if the DD doesn't check out and the bank account are less than what has been stated. Reality is SER on its own will struggle and need a new identity and management that distant enough from the mistakes that have been made in the past. Once this is achieved we may start to see a little life in this again, we are worth nothing now if this deal means we are worth a little More but still here in a years time that seems like a fair result considering our starting point and bank balances!
Freddy very difficult one to answer mate to be honest, I am assuming you know what the proposal means for you as a shareholder and what they are proposing. If not I will try and do a simply version of how I see it. Basically they are looking to shut SER down and move cash balance to teathers bank account. What they will do is value SER now and work out how much cash it has and any assets that could be valuable, this is added together to give a value, the value is then dividend by how many shares are in issue which will give you a share price per share. You will then get the choice to either take the cash or be given the same value of shares in Teathers. Reality is the money you will be offered is going to be low so as you say the shares are pretty much worthless with no upside potential as SER currently sits. Theathers bring an upside and a potential revenue stream that can add some shareholder value back to you. So the decision you have to take here is take next to nothing or risk it and try recoup some of those loses. Reality is that if a large % want to take the money the likely hood is that its not worth doing as the pay outs will eat all the cash in SER bank and they will end up with a few quid and an empty office, which wouldn’t make it viable. I feel they are trying to the right thing here and trying to help the shareholders out but if there is no benefit for the shareholders in Teathers it makes little sense in them doing this, it’s a give and take scenario on both sides. I personally will be leaving my shares to be transferred to teathers will it be successful, not sure but has a lot better chance and stability than this shell company does and has potential revenue streams and assets that can come good to add value. If you need the 100 or so then exit if given then chance if you want to try and be part of the revival stay put and hope for the best. Hope that help and it’s my opinion only.
Interesting turn of events here! Oil sold out to Ben and left Clem Chamber in trouble. So basically what has happened is that CO has fallen out with the board (as well as BMD for that matter) as they the board were running the company and would take orders from CO so without making himself look like a right idiot and replacing the board again he sold to Ben to let him sort them out affectively giving CO the last laugh. The realising loses excuse to sell is poor for someone who is meant to know a lot about these sort of things is not very clever if he has sold out on wanting to realise his loses. All he would have had to do is make a Negligible value claims which would of given him the same result and he would of kept the shares. The only problem with that is once the price of share gains value you have to pay capital gains on all the increase and not from share price you bought at. So it’s all about ego and the board falling out with CO in my opinion
Closer to 3 billion on your figures below.
Yeah half decent result but dividend is down on consensus, could have a bad negative impact on the share price but then again it could rocket. I would say likely to rise 5-8 % today
yes if they don't sell it. IMHO
only way this is going to stay alive is if it is sold. I believe they are or were in talks to be taken over, from the last RNS either the deal has gone south or the leaving directors do not believe the deal is best for shareholders, hence why they have left. They would rather walk first than get a rubbish deal that would not be good for shareholders. on the other hand if this was being sold why on earth would they be walking out of this company now!? something has happened obviously to make these guy go. As i said above either the deal has fallen through or they were being pressed to accept a deal they were not happy with. this is just my opinion.