The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Wowser it's like they're repeating what everyone on here was banging on about..
"UGC believes that due to logistical benefits, the location of its production assets and the overall outlook on the iron ore market, IRC has a strong potential for growth, and that the U.S.$10 million cash consideration under the Proposed Transaction does not represent its fundamental value, especially given that the market value of the Petropavlovsk's stake in IRC around the time the Agreement became binding was worth more than U.S.$100 million."
Market Cap £755.44m
Enterprise Value £1.12b
COME ON POG!!!
"Mr Martin has established a number of JV partnerships with major mining companies and has been involved in the formation of four AIM and TSX traded companies". Can anyone fill me in on what these are and if they were successful?
I'm mulling over a few stocks trying to find value in the markets here , JLP, SYL, THS. Must say I'm thinking about moving some more cash in here as it just seems cheap to me. Was interesting to see teck as an investor. They seem well respected:-
https://mineralprices.com/david-einhorn-makes-the-case-for-copper/?utm_source=rss&utm_medium=rss&utm_campaign=david-einhorn-makes-the-case-for-copper
I'm happy about this RNS. I like how they're targeting all these high % rates out and we've got enough on our plate with just being a gold miner.
Well @redknight1 lets hope you're right. I had definitely fallen into the camp of I'm not even sure if the mine is going to get built. The line that worried me a bit in the last RNS is:-
"the Company is quite optimistic that the PFS will demonstrate that it is amenable to underground caving mining methods."
why quite?
The chinese just burn the stuff right and they're now clamping down on that because it's so highly poluting. They don't have new pox plants, at least from my research. If it was a pointless idea why would polymetal be building a pox too?
I'm mulling over the RNS, it's difficult seeing the capex costs higher eating into our lovely profits but it's all building up our assets, which according to stockopedia are above our mkt cap. There's also no good reason for gold to be down with this much money printing, people will get burnt with crypto speculation at some point.
How do you go about finding fund managers that are good at what they do? I thought it was a case of the old adage they're all winners until they're not. You could have followed woodford into a world of pain
well respected fund.
https://mcusercontent.com/056b7f0898097dfeb58145cdc/files/bb772c08-5b23-421b-865e-6b199f770453/Slater_Growth_Fund_A_Fact_Sheet_February_21.pdf
polyus mkt cap 25b. Can we extrapolate our mkt cap from that? They do have a very low cash cost.