Member Info for Gallmat

So jv will need to repay it?

Come on it is not clear. They said funding all using a shareholder loan. So does that imply it is repaid from them or us jointly.

Not a deramper. And reported the nasty response above. Not arguing here i have already emailed company and will post the reply.

If it is not 100pct black and white it needs clarification. If they wrote they will supply 30m gbp of capital to be repaid from their profit share that is clear.

We need to payback the loan. If they were putting in 30m gbp for 50pct with no liability for us it would be flying

Agree it is material That is why we rallied. From 70s to here

This replicates the region of chairman purchase.

Just not sure we are going to see a nav of 150

Honestly not that bothered as i like the company and they have good ROIC, i cannot see it going back to 70s where i accumulated the position.

Could be upside might not.

So we can only manage downside.

Just remember burford were subject to short attack due to muddy waters saying their accounting was too optimistic.

There is a good posibility this company will go for conservatism in their policy - they held put on historical cost for long time.

Not sure how dramatic personally.

They had book value of 50m gbp. Add in some good realisations 15m ontop.= 65.

Then 45 at 2x multiple?

The main question is how aggressive is their fair value policy.

The only good thing going forward is at least the values should increase with time as investments progress

The only marker i have is chairman was happily buying at circa 110 when we he started, so i think little downside but not sure on upside

I am not in london so they accepted my list of queations and said they will revert this week

If you have direct questions then i suggest writing to email given on latest rns.

Or to come to london to meet institutional investors.

Would a ceo come this way to meet random pi's for a week?.

There can be many reasons and i remain open to all. Again i do not fear a raise and want to engage with ceo.

These are not personal attacks or deramping, but we have to be open to all situations. If there is a raise for good reason for raise. my trading plan is to double up and i think ahead

This is aim. Ceo of shanta did a presentation every few weeks on every channel. After about 10. Did placing from nowhere.

Sadly seasoned investors do not always trust an rns. I hope they are true to their word but i have seen it broken before

Looks like people are getting ready for the results.

It will be intersting to see if we get the aim pump and dump on rns.

Hopefully if is strong enough to have people hold

I am being consistent in my view that dilution could happen and it would not be bad.

Ceo flying over for a week implies to me that something is happening. Why now.

If it was debt financing would that not be in local bank who can easily navigate politics and local laws.

The company promised to update my questions this week which is very nice. We just have to see what happens during this week

And purchase rights are majority of stock price.

These guys have to let us know how they will exercise the options otherwise they are worthless and npv is alot lower than stated at 280p

I requested one by zoom. They rsponded to email and asked for my questions and said they would see if anything can be done.

Nothing since that email. I really hope they come through as my expectation is set that i get some engagement.

The only interesting thing is house broker still forrcasting positive eps today. But then again it is a house broker with 100pct buys.

Inflation is forecast at 2.5 pct about 1 yr from now. Short termism taking over

When rates fall it will rally

We should push for a web based forum. The engagement is good. But it is short notice and not everyone lives in London.

If you can also highlight this in email it will help.

We might get some timewasters with no holdings taking up the time of ceo.

Are others interested in writing to the email address in rns and requesting an online investor meet? That way everyone can easily dial in on zoom and here the responses

Honestly why?.

They issue 10pct. Solves the issue. Double your holding and you make alot!

Diluted 10pct but increases at 20 rather than 30+.

Net you win !!

They are better to raise the money :).

Ramp up strong. Show a business working and then seek funding for expansion.

Just stupid trying to minimise dilution and run it on a shoe string. Ceo wants to be huge global playrr but ramp up at snails pace.

Classic case of ceo with rose tinted glasses.

Doing interviews with reuters saying will be 8pct of world output !.

When he should have just raised 10pct to get fem million quid in working capital.

They could then ramp up without all this B..S

Now company valued at book value. Ceo knows graphite but that does not equate to being ceo