The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
cannae yes saw the video, yes you would like to think he knows the result already, i am hopeful and the drill only cost what $800k so doesn't break the bank if it fails, anyway got everything crossed, here is hoping.
Or should i say snap cannae,i have sold out of sound with my tale between my legs after four years of holding the shares and have also bought into cerp and await the imminent results of their drill in the swp, if successful plan to buy back into sound as i am a glutton for punishment!!
Yes was thinking of risking a bit but after the ermathon I though I would pass, that and another interview in which he didn’t know how they were drilling and eventually came up with laterally, does not really inspire confidence.
Or it could be that the news is so good that they want to drop it after the new year for better impact.
I find myself in agreement with Ross here, Leo previously said that the SWP would be funded by optimising the current wells that we had and improving their infrastructure, I also remember him saying that they would only have quarterly production updates so that the market could judge how the work in optimising the wells was going, however as production has all been lumped together, we and the wider market do not know how successful the optimising is going and therefore funding for the SWP is an issue.
Actually the question was answered in two separate bits I believe. James said that te11 would be finished either end of April or end of June, the two month difference will depend on whether the well is tested, after that it would typically take three months after that for the sale which is dependent on share holder approval, therefore I have the sale timeframe at roughly three months after te11 is complete.
Yes agree with you, I just think there might be an opportunity to get my greedy mits on a whole lot more.
Well who knows, reckon say tenth of a penny.
Sold all my holding and await my oo shares, the optimistic part of me thinks can I sell them quickly enough before it tanks then buy. Ack a whole lot more, in the long term I will be holding for two or three years.
A couple of days ago I would have agreed that the acquisition will drop in same time as op shares did. However the new echo website is quite explicit, fund raise in may, and only in third quarter acquisitions, take a look, hence I have sold all mine and await the oo shares hitting the market and tanking the share price.
Fwiw I think the op will be massively oversubscribed, I suspect there will be no extra's, so then it is a case of how quickly will the money go back into people's funds, its earning interest somewhere at the moment, money may not reappear that quick into accounts imo.