The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Finally we are getting back on track with those great updates we used to get from MOD when they first started drilling this huge area, only now it’s coming from Sandfire who have a much greater war chest of resources available to really get stuck into this prospect. This could be the start of a great run of news from MTR, those who have been patiently holding should soon be rewarded as news begins to come in now and we have less shares in circulation thanks to the ongoing buyback scheme; re-rate could be swift if the market grasps what is coming here.
consider the comments made by Michael McNeilly about giving some liquidity to shareholders who wish to exit; the board are “slowly soaking up” such sellers (not LTHs) thereby giving stability to the SP whilst people sell out......why on earth would the board buy “in haste” from those that wish to exit because all that would happen is the SP would rocket thereby giving sellers more money for their shares and giving us less back in return, this would also drain our funds quicker which would then leave us with no resources to keep buying and therefore cause a possible drift back down in SP, net result is we have given away too much too soon. As a long term holder waiting for the real prospects to unfold, I want our board to be as efficient as possible and so I want them to buy AS MANY shares possible with their money, this can only be done by being patient and playing the long game, this company is maturing into a genuine investment company, spikes for traders are not part of their game plan.
yesterday will soon be desperate to be able to buy in at 3p today
come on guys, dont be afraid of buying at 3p it went to 4p last week, so theres loads to go yet
Sounds a fair shout, but one thing I’ve learned (as proven last week when I got spiked trying to be smart) is never second guess the market.
.....there plenty more upside to come this week, this is just a very fortunate second chance for those who missed out last week
quality post
Thats from 5th June ?
and only dropped on profit taking and scaremongering, the re rate is back on and it will soon get back to where it left off
3p going soon
here we go, consolidation over all those that wanted to take profits have now done so and its time for the next wave of buyers
Regardless of any negative spin that some choose to seek from the interview or other media, lets not forget what started this re rate it was because of an official RNS regarding 2 large and respected banks were now involved, this is not just hearsay
and this is all real stuff that is happening, we are actually mining it now using our own team, we are self funded with an income stream, no placings or waiting for results of drills like 99% of AIM explorers. Our directors have proper personal wealth invested and they are mining stuff that is rare and only going up in value.......this is about as de risked and high potential as anything I’ve seen on AIM
Same here, chucked £20k in this morning at 3.89 looking for a quick trade over 4p but then it dropped so I bought another £6k to average down to 3.7p so you will see that I am not a trader!!!! But I have just taken great pleasure in watching the full interview and it’s put me very much at ease, wow this company has done the business, not only have they started to mine their own “immense” asset (which explorers never usually do) but they have even booted off contractors to do it in house, this is some job and speaks volumes of the type of people we have running EUA, considering the amount of personal wealth they have also invested and the banks that they are dealing with, puts today’s SP shenanigans into perspective; this re rate has only just started
Possibly the safest time to buy now, the news is out, all the big shakes have gone and we are now rising into new blue skies based on very big figures
Dividends go to shareholders irrespective of directorship.
Directors get bonuses
.....its tried three times now to break below 3.15 and has resisted each time, looks like a base and ready for another run up
the rise to 8p+ went this way, built on good steady progress with no particular spikes, and with good reason; Broadfield Bridge was showing great potential and is 100% owned, unfortunately it didn't end well but im very much looking forward to the imminent return to fix all of that, only next time we will have knowledge and should also be pretty much self funding if events unfold as they seem to be over at Horeshill. This really does feel the start of genuine long term steady quality progress
“It”
I think you are correct on both counts:
.....I will come good.......go to the pub