Member Info for Fevertreeman

If you had been more respectful we could have exchanged investment ideas: winners over last 12 months
De La Rue - Crystal Amber led charge there Bernstein can sniff out value. Plus I knew the business well
Dignity- was massively undervalued based just on real estate; clobbered by anti trust probe that petered out. Artemis were big fans too
Surface Transforms- business I have followed on and off for the last 10 years but finally invested in 2 years ago , and has finally come to life
Angle Technology- similar to ST but one where after lots of false starts Andy Newland has finally got some traction

Great film !

So I am guessing that neither of you managed money?

Why did I invest:
1. Commodities cycle in doldrums last 10 years and I see inflation picking up as world unlocks which would favour miners
2. Both Saudi & Ethiopia need urgently to kickstart economies for different reasons
3. Jurisdictions seem pro-business friendly
4. Proven assets.

I should have done way more DD on Harry unfortunately. And ultimately management is always the deciding factor and it really irks me when owners of companies are treated by boards as inconveniences.

Sigh, ok Commercial Union, Scot Am and Pru

Share price trending down yet again. We need to have much more clarity from Maris on what the future holds beyond the shock and awe of the last announcement which endeared him to no one.

Well put. The other big question is why at this lowly price a small share buy back wouldn't be amiss. It would at least put a floor under the share and get rid of some of the billions of share that the company has issued to the detriment of shareholders.

But then you know that because of course you are the expert

So far H has overseen significant shareholder destruction, and seems blithely unconcerned. The only winners so far have been Philip at RAB Capital whom our hero went cap in desperate hand to for dosh. at 0.6p per share.

so do tell me why you are invested

Investment proposition is fine ; the issue is the management and specifically our mining financier executive chairman. if you checked out Solgold which has a very solid track record of discovery and financing under its CEO, Nick Mather. Even Mather has to bow to then inevitable when his remarks/conduct towards his main shareholders became too toxic, and step down as CEO.

Mate, with the best will in the world, and after 30 years in the City, I'm entitled to draw on all that experience in equity capital markets to make this call. This very silly 'deramper' vs 'ramper ' nonsense is pathetic. If ramping is your definition of investment discipline then we are clearly talking at cross purposes.
If Harry were to step down or up to non-executive, and a competent, independent mining CEO, with experience of managing large mining projects appointed, then a lot of criticism would dissipate. The problem is that H has no intention of doing what's right by shareholders. This is too much of an ego trip and wallet-fattener. He could accomplish just as little as Non-Exec Chairman as he does as Executive chairman but his ego wont allow it.

The comments made reflect a real concern about the individual running this company, they are exactly the questions that are asked when meeting companies by investing institutions, as I know.

Lets just call a spade a spade. Harry has repeatedly over an extended period of year obfuscated, been economical with the truth, led us up garden paths, and generally been totally untrustworthy. Nothing the man says can be taken at face value - even his role as Executive chairman is disgraceful, effectively meaning that the board would have real trouble getting rid of him.

Agree with your points totally. If you and I could shuffle together say £70m we could launch a takeover for HUR out at a 50pc premium ( ignoring the small matter of the bondholders). The business has c£80m plus in hard cash sitting in the bank and monthly lifting are taking that up c £8-9m per month.

US markets are EXTREMELY elevated at the moment. Euphoria is everywhere, and there is sadly a real chance that FDA approval coincides with the equity S&P and NASDAQ bubbles finally bursting. If it bursts, given the role that high frequency trading, retail call option activity, and passive ETFs have played in the mega-rally, if (and when) that reverses it will be carnage that will radiate towards the UK. That would impact on any NASDAQ listing as it we'd lose the advantage of elevated valuations.Angle remains an illiquid stock ( pun intended) which make it very vulnerable to any setbacks.

I am a holder but conscious that this thing has rocketed mainly on assumption that FDA approves Parsortix at first go (and doesn't kick can down the road which it has a history o0f doing with non US companies), and that Newlands then announces a NASDAQ listing quickly after. I don't doubt the business just that the timing is perilously close to the top in my view. US Treasury 10 Year Yields are the canary in the coalmine

POO alone isnt enough ; just very lucky for HUR that the upswing came when it did. We need to have some realistic leadership from the board (and advisers) after years of drift and failure to live up to their fiduciary/shareholder responsibilities ; a proper corporate strategy etc..... the business is fast accumulating cash ; if the bond holders are presented with a plan that shows that things are looking up they may be persuaded to refinance. What is so galling is the utter failure of the Board members to prevent this mess in the first place.

You mean our reverse Cassandra, who utters inaccurate prophecies that are never believable.....

AIM is the graveyard of third rate NEDs made even more dreadful by the 'diversity' drive so that boards have to resemble high table of a woke Oxford College these days. If you are a lady with a quarter decent track record with a few household names chucked in , they are falling over themselves to recruit. And even tiddlers in AIM pay £60k p.a. for NEDs. You do the maths -Beverley has.....

We will see. Am surprised sp hasnt gyrated a touch on the Investec announcement

lets hope that Maris and co can get the choreography right on this. If they are planning a good announcement plus capital raise, then they will have to be careful in terms of announcement timings.

If they are forced to announce both together i.e. positive technical report plus capital reorganisation, my worry is good news gets drowned out by negative news on dilution and the share price gets clobbered. But what do I now (actually quite a lot)