Member Info for ElProfessor

Please don't get me wrong - I am delighted by today's rising even if I am, obviously, kicking myself for not having loaded up at 16.5 p. Then again in investing you only ever have two feelings: why was I so cowardly as to not have bought more when it was low or why was I so greedy to have bought more just because it had dropped when it has now dropped further.
My point however is this. There has been a loan of $1M and the market cap has gone up by £5M i.e. nearly $7M. We could all have put our hand in our pocket for the $1M, given it away to RMM, and still be better off by a factor of 6. Shows how mad AIM valuations can be.
Anyway great news today. Expect we may see a slight fall back over the next few days but the teens are hopefully behind us.
Best wishes to all,
Prof

Trojan,
Thanks for posting. Notwithstanding my extreme scepticism of analyst price targets I do like to see Peel Hunt state a target of 250p which is double what we opened at. Wouldn't it be nice to see that materialise.
Best wishes,
Prof

Hi FTC7,
My take is that it isn't very complicated and certainly not unusual.
RMM are seeking a further loan from party B on top of the loan they already have from party A. The issue is if it all goes to the wall how do the remaining assets get spilt between party A and party B. That will not be clear cut and it is taking longer to agree than anticipated hence the delay.
Could be wrong of course but that is my interpretation.
Best wishes,
Prof

Like Fukurokuju I am glad that they have not given another date. This is for 2 reasons: firstly if they do and miss it there would be further disappointment reflected in the SP as we may see this morning. Secondly if you are negotiating then deadlines on your side but not the other are the enemy of you getting a good deal. I am surprised in fact that any dates were suggested in the first place.

Bagmeakipper,
Look at the Rhodium price chart - not pretty.
Best wishes,
Prof

Sumo, My thought too.
Placing is at 16.03 so price is likely to fall towards that for the near future. Having said that it should provide a solid floor for us, hopefully to rise from.
Best wishes,
Prof

Hi Instant Expert,

Yes this is the event that they had already flagged on 05 Aug at the interims.

Other dates flagged at the time were:

MILESTONES

· 23 September 2021 Geology Capital Markets Event: Our approach to unlocking value from the portfolio
· 30 September 2021 Payment of 2021 Interim Dividend (Ex-div date 2 September)
· 19 October 2021 Q3 2021 Report
· Q4 2021 Sukari Life of Asset (Phase 2) optimisation results

Best wishes,
Prof

Level on HL but if I go into actually deal it is offering about 1p less on both the buy and sell than at close. Not sure whether this is due usual variation (particular after about the same movement the other way on Friday) a misunderstanding of this morning's RNS or a negative reaction to TB's interview on Sunday Roast. Personally I thought the interview was fine, notwithstanding the interviewers some of whom were really not up to it and I would suggest wasting TB's time. Tempted t add some more although holding a fair few already.
Thoughts anyone on this morning's movement?

Best wishes,
Prof

See you on this or some other boards in the future.
All the best to you too Helpme.
Best wishes, Prof

Hi Helpme,
Sorry to see you go but as StrummerJones says, there is no shame in reversing an investment decision if you are no longer comfortable with the facts as they unfold differently to how you expected.
Good luck with you investments.
Best wishes,
Prof

Sotolo,
Yes I remember their commitment to this year's dividend - it is next year's I worry about. My hope is that 2023 revenue is good enough to pay and current levels without it being uncovered and that they decide to take the hit and pay next year's from reserves too. I would rather we avoid any excuse for Mr Market to smash us (again).
Best wishes,
Prof

Hi Sotolo,
Yes I loved every word of his post but particular that 'dissenters are welcome' (hello Sotolo) and that gold has to stay high for long enough for CEY to get its costs under control.
Thought about buying some more THS today but actually bought more CEY. Can't help but think, provided gold doesn't do anything silly, that CEY is going to rise and rise from here as Horgan delivers and the market regains faith. My biggest fear for CEY, other than the price of gold falling, is that in the H1 update, they announce a reduced dividend and that all the investors who here for the juicy yield, decided to exist hence driving the price down.
My biggest fear for my heavy miner centric portfolio (CEY, FRES, JLP, RMM, THS, SLP) is that the overall market that I consider to be stupidly valued, crashes and drags them down too.
Tomorrow is another day (GWTW) !
Best wishes,
Prof

Adamsmith,
Love your post which echoes my thinking exactly - just put more succinctly than I ever could!
Best wishes,
Prof

Kalimera,
Don't worry about that, it is Thursday and Centamin always goes down on days with a 'y' in them.
Gold has just fallen c $10 so suspect that is the cause of Centamin falling off after a positive start. Would have liked to believe the lack of anything negative in the latest update would have been enough for a slight move up today but to me the important thing is that the new management seem to be getting a real grip of the company and putting right past shortcomings. The market had lost confidence in Centamin's eternal 'jam tomorrow' and disappoint updates.

Morning Sotolo,
Interested in your last post. Why did you sell Fres yesterday please? I was thinking of buying some.
Tempted to push the button on HOC as you are.
How are the finances lining up for the house?
Best wishes,
Prof

Tharisa,
You really are an example of investor relations for other companies to follow in how you post results on key BBs.
The speed at which you responded to a question regarding those results just blew my socks off. A sign of a real class act professional company, if we needed any more proof after such strong results.
Well done and thank you,
Prof

Hi Uncertain,
Good to see you pop up here again. I am watching but not posting much at the moment. What is there to say other than we've got down again and are a bit stuck. Looking good from next year and particularly the year after IMO but just have to hope gold stays strong for long enough for the market to start pricing that good news in.
Good luck playing oil.
Best wishes,
Prof

Sotolo,
Your thinking echoes mine that the fall is likely to be people not liking the trade off of a certain pound in the pocket now being spent to generate a speculative higher return. Mining's track record is certainly not the best in this regards.
Best wishes,
Prof

Hi Sotolo,
Great to see you here too. You are far better at chopping and changing between your shares than I am. Well done particularly with the tanking of CEY today which is in the unpleasant, but unfortunately not unprecedented, position of being the FTSE 350 top faller.
Best wishes,
Prof

Rulocal,
Thanks for responding.
Gogetum,
Thanks for the link. Took some trawling even with that to find the one line reference. Wonder if it is an error?
Best wishes,
Prof