Member Info for DamayHill

Kitty, some people will have been scarred by the past few weeks and just want their money out or partially. Its a natural emotional reaction.

Before lockdown, I recall speaking with a friend who asked about some of my investments. When it came to the riskier end of things, he scoffed slightly at the notion of making money from AIM-listed, microcap resources plays and he fell back on that old line: "if it was that easy, everybody would invest in it". I reminded him of a few things:

1) the vast majority of people globally have not enough money to live adequately, let alone to save, let alone invest
2) of those who do, only a minority play any active part in managing their investments
3) of those who do, the majority actively choose mutual funds and trackers, rather than individual share holdings
4) of those who do choose individual share holdings, the majority prefer less risky blue-chip/main market shares, rather than AIM listed shares
5) of those who do choose AIM-listed shares, many will focus on other sectors such as biopharma/biotech/fintech and never look at a resources play
6) of those who will look at resources plays, there is such an abundance of them to choose from and many would in any case not look at a true micro-cap like ORCP

What I'm saying is that whilst we must all be prepared for things not to work out as we hope - that's a risk we all take and must accept when we invest in something of this nature - if this really does start to move north and significantly so, remember that your decision to invest was not something that everybody could or would do, contrary to my friend's rather facile response.

RB40, apologies, yes that's entirely what I meant too and I share that sentiment.

I realise it's probably not a popular or widely shared view but I find myself much more interested in the skin and water technologies than in the microtox PD.

Manager511, I hope you're right but may I remind you my friend that you only crystallize a gain on sale of the shares and you can only trade shares in a company that is listed, which this is not. In the meantime, enjoy your paper gains.

Manager 511, whilst I agree that there's not much point to Aquakidd's post (smacks of after-timing more than anything), yours is arguably the sillier post, with claims of making a fortune when this share is not even currently listed. I'm invested here and I hope for the best, but posts about how we're all going to make a fortune are just as daft as the definitive doom-mongering ones.

Apologies for repetition, my comment from yesterday wasn't appearing!

That would be nonsensical. The purpose of the placing is predominantly to finance a second production cell which itself is only required on the basis of increased production volume and therefore further contracts. Given the general tone of confidence around further contracts, I'm expecting an announcement with 2-3 months. We've seen previously that the share price is likely to jump in large increments directly off the back of contract news and I would expect the same next time. In an industry of this nature, we can't expect the news to come thick and fast, though I would classify 2-3 times per year as relatively thick and fast, if the news is significant enough each time! In the meantime, take advantage of a very reasonable share price if you feel so inclined.

That would be nonsensical. The placing is predominantly to finance the second production cell, which there would be no short-medium term requirement for without additional production the volume (ie contracts). The general tone of confidence re contract news means I would think we can expect news within 2-3 months, hopefully sooner. We've seen in the past that the SP tends to jump in large increments off the back of significant news, we just cant necessarily expect significant news to come thick and fast - though I'd say if the news is significant enough then 2-3 times per year is quite thick and fast for an industry like this! In the meantime, enjoy the opportunity to invest further at a reasonable price, should you be inclined.

We need to know that you want Wales to beat England because you've put a bet on?

And we need to know this because...?

I'm not even sure what he's got to be miserable about Genki. He just won the Bedwetting World Championship for the sixth consecutive year, which is quite some feat...

Well, we're all more than capable of disaggregating the numbers so don't worry about that. But thanks for your undertaking nonetheless. I guess time will tell. Just hope you stick around. So many who are negative seem to disappear just as quickly as they arrived.

Wow, lying. That's pretty strong language to use on a public forum.

So, tell me one more thing. Will you undertake to make a full apology on this BB if the revenue guidance turns out to be approximately right - say £9m or more? Seems fair.

'DV is in trouble. They have already given up on several product lines altogether. Its not being able to make microtox reagents that is killing them'

Watergenius will now explain to us all how the financial results, (highly realistic looking) revenue guidance for 2021, and move to profitability in Q4 last year are all clear symptoms of a troubled company getting 'killed'. The floor is yours. Facts and figures, not hearsay, please.

There really do seem to be a lot of people here who aren't cut out for the ups and downs of investing and who also appear to believe that a few months is a long time horizon for a share. This is not an alternative to Ladbrokes being closed. For my own part, I have zero expectations around any COVID specific plays here and (bar a couple of mad days last autumn), nor do I believe they are priced in. There's enough good potential here regardless and in my view the SP represents good value without them. Stick with the fundamentals.

Ha, fair play Famou5, full credit for having a sense of humour about it. I'm sure we're all familiar with other BBs where people would have adopted another mode, if I can put it that way. Looking forward to more contract news soon.

Cash returned as of late yesterday. That means that Link Asset Services have returned it to your broker and there is no reason for your broker not to make it immediately available to you to invest.

Like a few others on here, I'm really struggling to get too excited about gold mining, but what I would say is that if it bodes well for share price reaction if some real news comes our way re Thar...

Famou5, yes I have allocated shares in my holding and those are deducted from the open offer rejected line, but no cash holding back. I spoke to a very helpful guy at Zeus Capital, who explained that the cash (roughly £7.5m in this instance by my reckoning) is held by the nominated registrar - in this case a company called Link Asset Services. He is going to have a look through for me and advise the date on which they committed to return the cash, then we can see whether brokers are being tardy or reasonable. At a minimum, I learnt something!

I should be clear for anybody reading this that there is absolutely no implied criticism of either SCE or the open offer, just the time it takes the various third parties to restore the cash to its rightful owners!