The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Surely there has to be a significant rise in SP over the next couple of days to reflect the significant dividend that could be on the way. I'd like to see 40p+ get tested. EUA is going to be very much in demand on opening tomorrow.
Whatever the value of the dividend is it's not a 'cost' to Eurasia. The company are selling assets owned by the company and as shareholders we have a partial ownership of those assets. So they're essentially selling something we own and we're being paid accordingly.
Eurasia owns some very valuable assets so don't expect them to be sold off cheaply.
"the potential acquisition of substantially all of Company's assets"
I've seen those few words quoted from the RNS several times and I can understand why. They are potentially the most exciting few words but is it poor English or legal speak? Is it a substantial amount of the companies assets or all of the companies assets? I'd assume if it's the latter, we have a total buy out rather than a dividend.
This definitely isn't the end of the story, we still have a lot of clarification to come but it looks like we're nearing the final chapter.
At this point we have no idea what assets are being sold but anything over £1 as a dividend with further gains to come in the future would be fantastic.
Personally I think anything above the current SP as a dividend would have to be classed as significant.
"we are delighted to have received a proposal from a credible party that could allow us to pay a significant dividend to all shareholders"
Who's volunteering to run the sweepstake on how much the dividend value will be?
Rambler is a completely different company now than it was in 2013 both in terms of structure and the shares available. There has been huge dilution of the shares since 2013 so it's not comparing apples with apples.
I don't know the answer to this but how many shares were available in 2013? It certainly wasn't the same 10,745m shares that are available today.
Helpme, do you really need to ask why going all in on one share is risky? All investments have an element of risk and copper mining is definitely no different. Of course we hope for the best but if the very worst happens you could lose everything. The same applies to any company, not just Rambler.
I wouldn't use the term 'nothing meaningful', I'd go with 'nothing unexpected'.
It's sounds like exactly the same strategy they've had all along. They're not going to give updates when it's inappropriate.
I stand corrected.
So what's the point of have 2 AGMs so close together for 2019 & 2020? Why not just have one meeting? Seems like a waste of time having 2.
2019 AGM this week? SYME didn't exist in 2019.
I think you're confused.
2 more days like today and I'll be showing a profit again. Not that it matters, I'm not selling but the portfolio ways looks better with a paper profit. EUA & SYME are the only ones letting me down at the moment.
Antharry, If you've got another £100k to invest at 0.75p why not buy now at 0.6p and you've made 25% by the time it gets to 0.75p?
The share price has followed exactly the same trend today as it did yesterday. Up in the morning then down a bit in the morning but still up overall on the day. Not sure why we get the same trend but it certainly has nothing to do with the RNS which was of pretty insignificant value. I'm sure there are plenty on here holding £18.5k or more of shares and they don't have the power to move the SP with a single purchase. Just coincidence on the timing today.
I checked on HL and the price seems to align with the price on Google.
Considering you're a holder of mining shares, I'm surprised you're not in EUA. If the FSP concludes this year you'll do a lot better than doubling your money.
I got in today at 0.42
Very nearly bought in yesterday a little lower but got distracted. I'll be very happy if this hits 3p this year but also happy to wait longer if there is the potential for even higher prices.
Thank you for all the replies, they have all been very useful and persuaded me to buy in to RMM this morning.
I only have a relatively small holding of 500k shares but enough to make a good return if this company has as good a future as it looks like they could. Happy to hold for at least a couple of years to see what the future brings.
Thank you for that very informative reply Saint-Tropez, I get the impression you're the man in the know around here.
I've had a good read through a lot of the recent RNS and compared it to the market reaction at the time but there's one movement I can't work out. The half year results were released on 28th Sept which seemed to have very minimal impact on the SP however between 12th & 20th October the SP tanked from 0.85p to 0.36p with no further RNS being released. Do we know what the cause of that decline was? It's a decline that RMM doesn't seem to have recovered from over the following 6 months.
Isn't it strange that after being sooooo wrong about the reaction to the last after hours RNS Tilly is happy to criticise those that were wrong about this one.
Pot.... kettle.... Black....