Member Info for Gallmat

It is a very poor situation for sure.

A sensible approach is an interview at least. Going silent is worst they can do.

We need to wait but it is silly. Because really this is not complicated.

why would you sack a cfo. that creates a reall **** storm of panic. then nobody believes anything

There does seem to be structural issues in primary vanadium. Largo is same story.

They just seem to struggle to turn a profit

Alot of speculation here. What are the issues.

High fuel costs..coming down and off hedge.

Having to agree wage increases...being passed on.

Debt profile, high but they do not need to refinance at current rates..inflation forecast at 3pct next year. They will roll vanilla debt, no convertable dilution (agm)

Can they find good opportunities. Roic of 28pct.

Do they know how to run the business. Yes, long periods of profitable expansion.

Everyone is just impatient.

Not sure what type of post is this. I got lucky you did not.

Thx

Pls post the link. Not sure.

There was a covid backlog. What we can say.

1. Of the cases realised so far roic is far higher than historical 150pct. This is being driven by fact our returns are based on multiple of capital that increases with time.

2. The covid effect is derisking the ongoing expected realisations. When we win, we win much bigger ( due to time multiple). Losses are not impacted by time.

We will have lots of cases still coming close tp judgement. If you look at maturity profile of cases.

Personally i think he is too married to his positions. He covers so many sectors, cannot follow them correctly. Also he has issue with selling on bad news, people do not like it.

His initial tips are sensible. After that you have to make your own mind up, and not just follow his reassuring rebuy tips

Tough market.

Until rates start to come down i feel it is like swimming uphill in small cap space

I wrote to cfo and highlighted that they should have a section in presentations on legal landscape.

Getting the answer from a question not answered in a presentation and uploaded as non core is not good enough. Clearly it was a core ?

If they are aware of it, we should cover in presentation. They should also have an RNS ready to go.

Thanks for the post.

I did not actually recall this question and only discovered the Q and A section yesterday.

I also think they should advise on these issues as part of the presentation.

Many thanks luthrin.

I just listened to this online myself. I did not register the issue at the time because the ceo was notnconcerned.

Hopefully a good day tom

I normally speak to cfo but she is on leave. So i just asked for urgent call back and rns.

Yes bombard them.

They just need to release a statement

I called the company. Do the same

+44 02039555260

Burford capital is flat

They didnt they noted an asset which is low priority.

It is called investing.

The company updates when they legally have 2.

Look at all public info and make an estimate.

If not comfortable wait for the announcement

Sadly company says same old thing each period while pushing out losses.

Only way to play this is buy and pump along with IC but ST is surely getting bored as well. They never deliver.

Nothing with huge debt will move until rates look better. But if you take long run view. Switch off for a bit

I will leave this board.

Reflect on this. I just asked how does the selling price decline of the commodity you mine impact your npv.

If all you can do is insult a person who asks the most fundamental question which all investors would ask then i am not sure what to say.

Good luck. Just sorry i could not get anyhelp here of substance.

You should reflect on your comment