The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It´s worth what it´s worth. In the past, it was worth what it used to be worth. At some point in the future it will be worth what it´s going to be worth. Speculation is futile. What´s the point, anyway? And fundamentals... ? Don´t talk to me about fundamentals! Pfff!
Phew! Glad I missed the bunfight yesterday.
Ideally, before you invest a penny, you should be an expert in the company, the sector, regional business practice and the law as they relate to your proposed investment. But that is impractical for most of us. So some common sense helps.
As 51% shareholders, what is to stop Hainan selling to "themselves" at knockdown prices? I don't KNOW, as in having documentary evidence, but I can be sure that local trading/tax laws and a binding contract will both prevent that. Otherwise, everyone would be doing it and nobody would ever enter into a minority stakeholding partnership.
Having said all of that, we all know that there are a thousand ways to get shafted on AIM and being cautious/sceptical is a healthy thing. but really... AIM is a place to invest the money you can afford to lose, so if it makes you nervous, is it the right place for you?
Just my take on it. GLA and enjoy your long weekend!
Badomen - I agree that it is important for Kodal that the licence is transferred to KMUK asap. Beyond that, if you believe that we will be shafted, that BA didn't ensure enough protection in the contract, that he would allow his own shares to be massively devalued, it is probably best to sell up and move on. For myself, I think BA and the Malian government will ensure that we get a reasonable price for the output, and that any buyout will be at a fair price and fill the coffers with enough cash to fund the gold projects going forward. So I will be holding.
Badomen - I'm not sure what you are wittering about. Yes, Hainan has the controlling interest, but so what? They are a mining company and they presumably want to be productive as soon and as cheaply as possible. They can't force Kodal to give up our share. What is your point?
Paris, you should treat yourself to a lie-in sometime. All I see of this "gazza" is the ghostly imprint of responses to removed posts. I don't even need to bother filtering!
Looking forward to the presentation but still not planning to sell any until 2025. GLA
Hadrian, you talk of the "value a share buyback can bring to a company" but then list only values to shareholders in terms of confidence. Buybacks are for companies with cash on hand that they cannot invest effectively in growing the company. I hardly think that is how Bernard is thinking right now.
You beat me to it, hyper-al. If nothing else, a buyback could damage the relationship with Hainan, the last thing we would want right now. When Hainan provided extra funds for drilling it was not out of the goodness of their hearts!
My grandfather also a miner, also didn't make old bones. Had f*all to do with how he voted!
I have given this much thought Traxpern, and come to the conclusion that the reason is simply to wreck the board. And the culprits are paid to do it.
Over the short term, the stock market is a zero sum game and in order for the professionals to consistently make money, somebody has to consistently lose money, and that is supposed to be us. So boards that share well-researched analysis are trashed because they are helpful to the mugs who are supposed to make a loss and provide profits for the boys. That is why it is important to filter the disruptors and continue with informed chat. All the sensible contributors abandoned the advfn KOD board a long time ago. Don't let that happen here!