Member Info for GoldAnOil

...the action plan has been well received and confidence is being restored. SP flying today, although I'm sure a bit of profit taking will peg it back a bit. Still a massive upside.

It looks as though the SP was held back whilst the Kevin Boyd shares were disposed of. Now they are out of the way, a return North is under way, provided they have addressed the issues fully and there are no nasty surprises in the results. I've got a bit left for if we get any dips after the results, but I think I may be averaging up by then.

...change in roll out policy to larger, out of town outlet stores (i.e. Astley) the savings in staff costs and business rates make great sense. Add the convienience for the customer with easier parking and the 'new' policy looks like a winner. Wonder if they do HOT pies?

By chance I was in Bury last week and called in the Crawshaws. It was lunchtime and I was surprised that when I asked for a hot Meat & Potato pie, I was told they would 'Pop one in the microwave'. Now any Northerner will tell you that pies and microwave do not mix. I declined and found a shop only yards away selling excellent HOT pies, and I had to queue for it. I'm not sure if it's general policy, or if I had called at a bad time, but cold pies don't sell as well as hot ones and all those disappointed customers will go elsewhere. Not just for their pies either.

Well, when things do eventually settle down and sanctions are lifted, this will be a good earner for sure. Like everybody else on here, I'm in it to increase my investments, which this will surely do from the current levels. However, experience tells me to look at all the angles and having been deceived by one robbing BoD, I am naturally wary of situations that COULD turn against the small S/H's. Nothing wrong with that and although not in here at the moment, I've watched with interest and will join you when the time is right.

cedros: Were the 52 week high to be considered, I would see your point, but as a T/O only has to match the 3 month high, it is of no significance. To qu'ote the T/O Code: 'The offer must not be less than the maximum price paid for any shares in the company in the three months before the intention to make an offer is announced'. In any case, with such a majority, the major S/H's could de-list any time. I'm not suggesting for a moment that they would, but as a well shafted Cosalt S/H, I have been there and it stinks. Just saying.

cedros: I'm glad that we agree on a balanced view. I did, actually read a great deal about the structure of GPX, it's mostly covered on the website, but I did other research into ORA and Richard Griffiths as well as ME Investments and Waterford. The terms of the Open Offer in 2015 were interesting, especially the waiver that was given to allow Waterford and Richard Griffiths to increase their stake to 37% and 32% respectively with ME holding 14%. So, with 83% of the company controlled by 3 shareholders, I think my fears are reasonable.

...that pays 8% divi, will double your money in 9yrs at a constant SP. If, as in this case, it's undervalued to start with, it will double a lot sooner.

Shujja: Why didn't you buy 5m last Summer then?

cedros...time will tell my friend, time will tell. I neither ramp nor de-ramp, only try for a balanced view. The SP spent most of last Summer around 3p, and my view is that it will drift back down after the EU renew the sanctions. The irony is, that I hope I'm wrong, not for my sake, but for the people of that troubled land.

Given that the year low is 2.8p, I wouldn't think 3-4p is beyond the realms of possibility.

Yes, apart from the big buy first thing, not massive demand. So possibly MM's filling orders or possibly they have shifted the 2.7m that Kevin Boyd unloaded and things are back to normal. They did hold the price around 15p for a long time after Boyd's departure, so that may be it.

Hardly think that's the reason for the recent increase as it was released over a week ago and although very welcome, is hardly earth shattering.

...the increase today, ahead of the results, could give cause for concern to the regulators. I wonder if the usual RNS, 'no reason for increase' will appear at some point.

Well, you don't mince your words!

...it's certainly a meaty increase!

...the idiots who post that 'Sanctions are being lifted' and 'City Whispers say 35p soon' are not being listened to by any potential investors. The reality here has been spelled out by the more intelligent posters, Syria has a long, dark road to travel before any peace can be attained. EU Sanctions will be renewed in June and the situation for GPX will not change in the forseeable future. IMHO the SP will drift back to 3/4p, luckily there is a lot of cash behind the business and my only real fear is that the company is not de-listed and taken into private ownership, given that the major SH is a venture capital company, it could happen.

...a 100,000 buy at 8:49am @19.00p which may explain the hike.

...today's RNS, which should have no bearing, what has triggered the SP into action? It's been dormant for a few months, so why the rise?

It's not poor, it's a legal requirement. Richard Rose is a Director of Blue Inc, who are struggling and have entered into a CVA with their creditors. He is also a NED of Crawshaw, any investor should be told the history of the BoD.