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Not sure what you think would change with a consolidation, for better or worse? Fewer shares, with a greater value per share still adds up to the same total...
For anyone who cares, TCM is copying posts verbatim from ADVFN. Posts which may very well have an agenda themselves. Look on ADVFN and make your own mind up if you wish. As for TCM, not sure he's capable of an original though or meaningful insight. It is highly unlikely you will miss anything by filtering him.
Lotta name calling on here. Unecessary. Those who do so show that they're emotionally involved, and probably not being objective in my view.
Anyway, be that as it may, I think that when LSE deem a post objectionable, they wipe out the entire thread, not just the offending post. Thus many innocent posts can get wiped as collateral damage.
It is very difficult for anyone to post anything even vaguely negative, no matter how well-intentioned or researched on any BB, without those who are already heavily invested jumping up and down with rightous fury. That's human nature I guess.
All I would say, as gently as I possibly can, is that while GGP is in a fantastic position, a £400m MCap is already quite substantial...
You may well be right on that one Fantasy. All I'm saying is that my investment thesis remains intact so long as TK (and the SA projects) continue to progress. Whether the SP rerates now, or in ~4 weeks, or not for another 6 months is not something I can predict particularly well. But I can say that it ought to rerate at some point, provided progress continues to be made. So I will wait as patiently as I can until that day.
It's anybody's guess really as to what will actually get the share price moving, but as the quote goes - in the short-term the market is a voting machine, but in the long-term it is a weighing machine. I'm as confident as I can be that the scales will begin to shift soon, regardless of what the short-term catalysts may or may not be.
I have not listened to TW either, but it is basic common sense that HAA can't RNS secondary bank approval within 4 weeks, because that is not a fact. It's his expectation, and if the banks take a bit longer that's tough luck.
He'd just be giving the moaners more ammunition if he guaranteed it within 4 weeks and it didn't happen. I would imagine there are also legal implications of saying things in RNSs, although I'm not sure of the specifics.
Fantasy. Get it into your head that this is not HAA's delay. He is responsible for setting expectations, yes. And on that front, perhaps improvements could be made. But there's probably no-one on the planet beyond the top politicians in Ethiopia, and maybe not even then, that could move this any faster at this juncture. It's in the hands of the bankers now, and has been for some time. Grow up.
Agreed tintin. This project has been virtually nailed-on for 6 months at least. It's just a question of exactly what milestones are hit and when. As always, it takes longer than you think, but for those of us with eyes to see and the patience to wait, it's easy money.
I've seen enough. Filtered.
KEFI. A project in Ethiopia about to get funding for construction annnyyy day now. Further projects in Saudi Arabia will be bigger, but take a bit longer. Short-term, I expect a doubling or more when finance is confirmed for the Ethiopian project. Longer-term, the SA projects have a lot of potential. DYOR.
The first time this undervalued-shares guy tipped us, I seem to recall that the new entrants dissapated fairly quickly. Or at least, the SP didn't hold for long. I would think most of them just want the quick pump and dump, and are not interested in the longer-term, even if the longer-term may not be actually that far away. Don't think it makes any difference to us LTHs, or to the sale price though, so keep calm and carry on.
Use the filter sharezy. Only way I stay (somewhat) sane.
OMG mate, give it a rest. Let others make their own choices in peace for once.
A big ego is not great for successful investing, but that doesn't mean he's wrong on this one.
Agreed jona35. Just opened a position at 8.7 and may add more soon. Let's see how it goes.
One further point to bear in mind... while understandably no-one wants to see high levels of dilution at this price, it is none-the-less better for a company to be able to raise funds by any means if it has to, than not being able to, which could lead to it being unable to meet it's financial obligations potentially resulting in administration or some other highly undesirable outcome.
Regarding CNR... I personally have no clue if it is legal or not. It's not my field. However Jim Mellon (billionaire, chairman and largest shareholder) and Mark Child (CEO) have many years experience in banking in Hong Kong. I'd be very suprised if it turned out that it was not legal, and certainly no-one has seriously questioned it to my knowledge, bearing in mind these events took place more than a year ago. However it would not suprise me in the slightest if, given their financial background, that it was an unusual or complicated financial arrangement that many others would not be aware of or have experience with.
Https://www.amazon.co.uk/Most-Important-Thing-Thoughtful-Publishing/dp/0231153686
Been ages since I read this, so don't recall too much of the specifics. I've a feeling it was decent though.
Add "The Intelligent Investor", "Fooled By Randomness" and "The Zulu Principle" to build the core of a solid reading list.
Immerso arrived with the pump and is now deramping. Just an observation. Read into it what you will.