The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I agree with you about moderating expectations. There's nothing about Cu in the inferred or indicated resources to date. Remember when we got all excited about the silver which was an unexpected bonus? For now I wish we'd stick to what we know is there as opposed to what we hope might be there. The economics of the project are compelling enough without wishful thinking.
I don't bother with the daily or intra day moves. Nothing there to get excited about. Look at the monthly chart for a dose of reality.
You could ask why many regard this as a lifestyle company and not as an investment. Then vote down their salaries. Also about insider trading. DB in particular. Let's hope they pull a rabbit out of the hat before then.
Three months payback on the last lot of machines. Not bad.
Well, yes, performance related, which is not the case and it's not earned. Yet. By all means give them hefty share options. I'm happy to sign a proxy form for someone to represent the PIs.
Item 1 on the AGM agenda is to adopt the remuneration report. I don't know if this has been commented on before, but the annual report has a doubling and in some cases tripling of directors pay. I'm not sure I'm happy about this. I want to see them delivering results before payday.
Not actually mine themselves, but to get the licences and approvals in place. That makes it more saleable at low cost.
I'm heartened by the RNS. It shows things are happening on the ground and they're moving to mine.
Wait for the PS5 next year. Patience 8)
You missed the small print: The Board will protect* shareholders.
*some
Re LR`s salary, he called it a low one in answer to why he hadn't put in his own dosh.
I'm not surprised. When the going gets tough LR disappears, as he did when the share price tanked last year. I've said it before, if we make money it won't be because of the management but in spite of them. They've shown they're not too bothered with delivering returns to the many but just a few. I'm in for a hefty chunk of change for me and at the moment my only expectation is breaking even. A profit would be a bonus. I might be surprised, because it's a quality asset, but we're just bystanders who have been screwed over and taken for a ride.
The experts in the field explicitly say it will be 20 years before we see a feasible working prototype. Don't hold your breath.
Logic says they sell the bulk of the project and hold, say, 15% for long-term dividend flow. They then move on to other projects. I certainly don't want them to even think of developing the mine. They're geologists, not miners, and I wouldn't put the current management in charge of a fish and chip shop, to be honest
I heard diamonds, but then I'm half deaf anyway.
Correct about volumes. Not much happening and it will follow the LSE lead: www.sharenet.co.za/v3/quickshare.php?scode=EUZ
During the last 50% share dilution/cash raise, the shares were issued at 0.0125, so the new shareholders are well in the money already, with another pack of shares (1 to 2, I think) available to them at 0.025. Basically it's down to them what to accept. If we score, it won't be because management want to do the best for all shareholders, just the ones that count. Yes, I'm cynical, while hopeful of coming out to the good.
Gold? Where do you come with that?
SwearingNige: I don't know about AIM, but on the JSE if there is any news that could affect the share price by 10% or more, they're required to announce it. That applies to any talks, or even talks about talks.
Timing the market vs time in the market is the case here.
Still a way to go before I'm in the black. Long may it last.