Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
So, on current SP we have a very healthy 8% yield which togther with the huge retained earnings figure means this share is way under where it should be. I suppose the market will eventually come to it's senses, in the meantime, I shall be bying another sizeable tranche.
This reminds me of 2020 when my son was able to buy LLOYD s for 30p due to Boris Johnson's covid panic. "Lloyds is not going to go broke just because of a virus", he said and he was right; within months he had made a 50% profit.
I know of no insurance business which will not take a caning occasionally. They are in the business ofpaying for folks' losses and every so often there will come a load all at once. Years ago I got involved with LLoyds syndicate which at the time I knew little about. It seems however that these syndicates are made of a few dozen very rich men who have to "show wealth" before they can join in the profit taking. The manager explained to me that these "members" have to be multi-millionaires so that the syndicate can cope with the huge payouts that are made every so often when a major world disaster occurs.
Agree with Bobsto, after 50 odd years of observations I have concluded that the average investor is a bit of a chump and the so called professionals who take a rake off of your money if you let them are even worse. I even sacked one once because he was so useless at managing our pension fund's assets. Am I any better? Can't say that I am but at least I use logic and common sense rather than fear and herd behaviour when I am doing some changes.
These things are always due to bad management unless an over-arching situation has occurred such as a Silicon Valley hurricane for example. Remember the RBS meltdown for example of which the main cause was the pompous twat who was supposed to be the CEO
One has to ask what would be the point of such a ramping? The chances of a takeover are remote bearing in mind the size of the company and I doubt if a massive rise in profits is likely in the present circumstances. Also trying to manipulate the SP in order to make a quick buck by some big player would probably come to grief onsidering the number of such investors holding shares at any one time.
I am amused by the way some people write about market movements as if there were som logic behind them whereas anyone who has been around for a while will have observed that such behaviours are largely bonkers. E.g., when Boris got his covid panic started, the SP of this share dropped to well below 30p at one point. Did the sellers imagine that the end of the world was being started by Boris or that Lloyds Bank was close to going out of business simply because some old people were getting killed by a disease?