The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
My thoughts are that CRCL are being too soft regarding RMC. SK should make it clear to them that if they do not approve the motion at the GM then they will seek to get the company in administration and get both nickel assets for free. I am picking my brain as to why SK did not demand 10% of the company in addition to WoWoGap to be honest. CRCL have leverage and should be using it?
Stuff like SK posting on his personal Twitter "Spiral of Progress" led to false expectations, and the whole BOD have had their pants pulled down in some way over Burwell. Closing the other two will give some confidence that medium term dilution won't be necessary and that will spark a re-rate upwards.
To be honest I had WoWoGap as a given, so nothing has really changed for me as an expectation has been met. The true value will be getting energy storage projects up and running with cashflows to stop dilution. I think this will happen eventually and will be patient.
Great, fine. But are you happy your own unsubstantiated rumours have caused the price to fall quite a bit? Because I am not. Are you? Do you even hold now or have you sold looking for a lower entry price? Who is your source? I note you have been asked repeatedly but did not say.