Member Info for Culpepper

“I could have almost had a bit more hope if MXC was an ongoing concern with a reputation to manage”

I won’t comment on reputation but they’ve been ‘sharp’ operators. It’s still on going, with disposals to make over next couple years or so. NAV after last shareholder return was £34.4m., about 15% each down to partners WEAVER, and SMITH who runs IDE. So they’ll want to make the best of assets including IDE - a lot of their own money at stake.

Waiting on them as usual, but they have told us the bones of what to expect, albeit now 6 months behind.
It’s the debt ameliorisation needs clearing, and any surprises, though nothing would surprise me with Mxc’s dealings with investee companies - to ultimate Mxc advantage of course, if they can swing it.

https://www.lse.co.uk/rns/WIX/wickes-group-plc-director-pdmr-shareholding-lfr67kicgh1tplh.html

Timing a matter for him and personal tax etc.circumstances.

Trading update in July I expect.

https://www.lse.co.uk/rns/WIX/wickes-group-plc-director-pdmr-shareholding-d3n3m3edwso6ssz.html

Planned replacement, Wirth retiring.
https://www.lse.co.uk/rns/WIX/wickes-group-plc-listing-rule-confirmation-executive-director-appointment-a0kbzy94avewwh4.html

David Neuhauser.
Board Member
Shareholders Gold Council
Sep 2018 - Present3 years 10 months
Toronto, Canada Area
Shareholders Gold Council (SGC) is a corporation focused on the gold mining industry. Its goal is to promote best practices and constructive engagement between companies and the investment community thru active engagement. SGC is founded by Paulson & Company, Livermore Partners, and mining focused global investment management firms. Which includes billionaire investors Naguib Sawiris and John Paulson.

https://www.lse.co.uk/rns/AEXG/directorpdmr-shareholding-5a57nkwz4plvevr.html

And again at 45.2.

Don’t know what the one share UT at 42.5 is about. But there you go.

Thanks. As miners go at the Aex stage, it’s a persuasive situation on all considerations. And though their interest has started with strategic minerals rather than gold, those behind the recent JV will probably underwrite any future funding requirements.

https://wp-aexgold-2020.s3.eu-west-2.amazonaws.com/media/2022/05/c119262CCL.pdf

Nothing tearing in the meeting. Results later today.

https://www.lse.co.uk/rns/AEXG/gold-returned-from-untested-areas-of-nanoq-6uo7ub2mvc3sbyf.html

16.95g/t Gold Returned from Previously Untested Areas of the Nanoq Gold Target and 2022 Exploration Activities Commence.

Only one zone was previously recognised, therefore this discovery has materially increased the resource size potential of the target.

Thanks. But positive news of progress towards their target of getting first gold production at Nalanuq by the end of this year, to underpin the continued gold and increasingly focused strategic minerals exploration, is I think what will ultimately show marked improvement in the share price.

Another to add.
https://www.theretailbulletin.com/home-and-diy/wickes-to-launch-interior-design-tv-programme-featuring-rochelle-humes-10-06-2022/

I tend to dismiss buyout notions as pure speculation until something happens. I still do. Yet the research going into the thesis is quite persuasive on valuation. Here’s the author on Utube.

https://www.youtube.com/watch?v=MVemfuds1S4

I said for what it’s worth. I ‘miswrote’ - a bit like politicians “mis-speaking”.
It’s pretty much a very comprehensive view of the author for consideration.

Just putting up the justification for that, for what it’s worth.
https://valuesits.substack.com/p/wickes-group-plc-wixln?s=r

Some April stats out yesterday from B of E. Still a lot of cash about, despite the tele and all that, for the bigger ticket items. Wickes biggest spend comes from the older groups, retirees in particular. Haves and have nots I guess.

https://www.bankofengland.co.uk/statistics/money-and-credit/2022/april-2022

“Individuals borrowed an additional £1.4 billion in consumer credit in April, on net, following £1.3 billion of borrowing in March (Chart 2). This is the third consecutive month where borrowing has been higher than the 12-month pre-pandemic average up to February 2020 of £1.0 billion. The additional borrowing in April of consumer credit was split between £0.7 billion on credit cards, and £0.7 billion through other forms of consumer credit (such as car dealership finance and personal loans).

Households deposited an additional £5.7 billion with banks and building societies in April. In addition, during this period households deposited £0.6 billion into National Savings and Investment (NS&I) accounts, which are not captured within household deposits with banks and building societies but can act as a substitute for them. The combined net flow into both deposits and NS&I accounts in April was £6.3 billion, compared to an average monthly net flow of £5.5 billion during the 12-month pre-pandemic period up to February 2020 (Chart 3).”

29th. April 2021.
“The preliminary target is for initial production from Nalunaq to commence by the end of 2022.”