The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
“Any old any old iron?”
Dishwashers, iron, washing machine's, vacuums
These guys who drive round in a thirty year old transit bellowing crap into the atmosphere need to move and put the megaphone on
Go to Surrey …
“Gates, fencing, redundant drilling machines, old metal equipment … any old any old iron”
I wonder with commodity prices rising whether ‘overpaid Salmon Slacks’ has given any thought to weighing in the gates and fencing at horse hill. Metal prices may mean the purchase of the fencing is his most astute decision.
There should be something done to stop MM’s manipulating share prices to (APPEAR) as though they are on the move … which basically just increases trades and I suspect helps therefore no one other than themselves.
Wednesday late on 36/37 ORR
Late in the day dropped the bid to 35 … so ended 35/37
Fine until it opens Thursday
35/37 (UP 0.04) 11.11% up
No it isn’t and hasn’t moved the bid or offer !!!
What’s all that about ???
Thanks ‘News’ for a well put together post.
As I said last week it will be extremely unlikely that the deposits didn’t continue, and yes they will be less valuable because of the costs involved, mining at such depth but I feel the share price (mainly) languishes based on ‘perennial failures to meet timelines/ continually issuing confetti’ and that this has caused a ridiculous disconnect between where our share price is … and where it should be based on what’s going on and what we hold within the portfolio of assets.
I’m not shouting one of these £1 by Christmas type drivel you read (and Christ for my sanity I hope a few of those idiots don’t turn up to spoil the TYM BB) but we found ourselves in single digits because of that track record. I genuinely think once (as the company stated) the potentially transformative drill and outcomes arrive …. We will be way way higher than now. Nothing that has come out in any way makes me change my view, but equally right now the company can only state facts and try and build the credibility that it to a degree lost over 4/5 years, of inept management.
AIM stocks suffer as there is rarely a conclusion… or rarely a pleasant one. Dilution kills the PI but with the right scenarios/ potential income streams in the future and JV’s some get through the perennial raises to survival and rerate north. I just think this is in the best two or three out there to achieve this.
(And at 12/13 it’s an absolute steal … with wait times potentially only a month or so away). As I said at 0.08 .. and again 2 or 3 times since … average down if you are underwater and if you are not, but coming at it from a recent find … well you are luckier than me as I was here a number of years too early.
I do feel it will be worth the wait.
Well they couldn’t have signposted what’s coming much better. You’re not telling me that this isn’t just a holding RNS while excitement builds.
What’s better is the MM’s who chalked it up … did their usual ‘flush the weak’ so I just had to sell something else to buy some at 12.3 …. You are having an absolute ‘giraffe’ … all this for 12.3 … boots filling time.
Now what other s**** have I got in ISA’s to grab a few more, before it sets off up again ??
Sorry Butch been sat in the garden seeing as Stockports gone sunny.
I will sell in stages mate if I’m honest … as it starts to move I’ll probably also throw a T20 at it (as if it didn’t keep going I own enough to make good)
I’m not selling many maybe -10/15 percent maybe south of 0.20 but if it’s good news (and I think they will come up with something decent as there’s a hell of an indication from what’s been sampled previously) it has to go way north of that figure. Each 0.01 is worth a fair bit so I have to not get too greedy.
well there’s been a steady rise in the sell price this last couple of days …11.15 yesterday am onto 11.23 for a while …and this morning’s 11.35 has now been replaced by 11.45.
don’t worry all this will be irrelevant with our 3 million mkt cap when this next month information starts leaking from somewhere, and then coupled with fomo it will steadily climb (actually irrespective of the results, in the first instance).
i’m sure anyone buying from 0.15 all the way down to 0.65 and back again will be loading up at a level that will offer great returns. the difficult bit is seeing through the £1 by christmas ****** that will appear and work out at what level you start taking some money off the table. good luck everyone…. you won’t need it !!!
Well we’ve all been banging on for ages how undervalued we are. It is only a matter of when this goes up from these levels, not if.
I reckon some of these junior miners on Aim and likely to find funding and getting assets to be moneytised a lot easier as they’ve been awful for 15 years with all the underhand shenanigans that go on. Commodities on the rise massively… commodities index at 220 it was 190 two months back. There’s a shortage of these minerals you know ???
And that’s way all the nonsense of people supposedly ‘chartists’ is exactly that ‘nonsense’
How did the charts look the other day ?? Perky going up ?? … well just like Zak Mir the ultimate and famous chartist … the charts were wrong … we are now lower whilst predicting higher.
Crickey the appeal on the basis Flourspar being on the EU list that we challenged, was back over 5 years ago in 2018 the actual notice was earlier still.
That was a period when the share price was on a seismic slide .. with raise after raise done in the period after our appeal failed, however it makes it impossible to see the effects, and what now that should help in reverse.
When I look back at all the RNS’s and all the failed this, failed that it strengthens my belief that this is why (to date) with this 3 million mkt cap that we go along under the radar somewhat.
Disconnect is I believe caused by our history, not what’s going on now.
Well two or three years back when it was announced by the Swedish govt we dropped loads (usual AIM climb a little on any good news / get slaughtered on bad) so if this gets us up at all then it will all add to our direction of travel for the share price at the very least.
I’ll go and trawl through the historical data seeing as I’m lying by a pool in the sun in Bodrum with nothing better to do
Sorry bloody predictive text … should say ‘gimmie’
No such thing as a ‘gommie’ but this has to be as close as you get.
Unless they drill and hit … rubble …which I feel to be extremely unlikely., share price has to catch up.
It has been a perennial failure, you only have to look at the price of all the directors Buys… but we are in a position where (potentially) we are so close to ‘monetising’ this licence area.
We traded between 0.15 and about 0.18 for a period BEFORE we had any transformative news on this recent development of the drill and allowing for the two raises since that we are barely at those levels now.
Fred and Barney Rubble could bring this home from here, and although no geologist I actually see it as very unlikely that this draws a blank.
For the whole company to be valued in the region of the next OMASE house prize … makes me think I’m missing something. I refuse to say that old line “one of the cheapest things on AIM” but are we just written off due to Cheetham and the team … just failing previously to hit any timeline/ deadline and then just raise and repeat? That is my only answer for our Mkt Cap being around 3million.
They’ll take 9 million at 11.83 so it’s about to tick up I would suggest. Won’t show 11/12 like it has done all day much longer.
By the way for those looking forward to tomorrow… can I just say at 16.29 and maybe thirty seconds I was being offered 11.67 (can’t say exactly how many the dummy sell I was tapping in was on ii but where it’s settled after hours at 11.3 that is nonsense and the MM’s are hiding the late rocket into the close)
Either way for me sounds good … no news and leaky info from our drill, which will just build and build on anticipation / the people who see what the drill is showing OR there is an RNS logged because some people somehow seem to be able to see towards the end of the previous day apparently.
Ooowww somebody knows something
Quarter past four you sell at 10.2 ish … then what a last quarter of an hour .. you could sell over 11.5 by the end.
No I didn’t press (unfortunately I sold nearly a million during the day) … console myself that I have been topping up nicely this last two or three weeks.
Base rising now through the nines again to sell, so we may climb after the initial spike … but cannot understand how this continues under the radar, either unloved or ignored.
Mentally low mkt cap !! It’s a steal … we should be way way higher.
“Its got to come next month, it really has” (as Ally McCoist would say)
Sorry guys there is no repitition of charts, and shapes otherwise Chartists (like Zak Mir) would get more than 10% right (“by as soon as the end of next month”).
At least we are in agreement that this is a good entry point … my tea leaves told me as I had a golden cross form over my Ceylon blended left overs.
Hope Sanderson is ensuring the staff turn the lights off at night, and that they no longer need any heating or hot water in the buildings.
A big leccki bill now and it could wipe the company out. Still he’s probably on a meter as the credit helpers at British Gas or any of the others would say …” I’m sorry Mr Salmonpants (sorry I mean Mr Sanderson) have you tried cash converters … or pay day loans for your electric”
Sad but we all know why he had no skin in the game this last ten years whilst paying himself a salary of someone who ran a real company