The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
The last couple of years I have been bemused by the fact that Cadence call themselves an 'investment company' when, by definition, an investment is the action or process of investing money into something in order to make profit or financial gain. (Haven't seen any of that yet!) I then discover a second definition for investment, which is 'the surrounding of a place by a hostile force in order to besiege or blockade it'. Perhaps, therein lies the justification! Wonder if my descendants will be allowed in to the 5p party in my place?
A scoping study is kind of an assessment of their objectives in order to define the parameters to be used in the feasability study. i.e. it comes first. The feasability study is to establish if it is commercially viable to progress the mining of the resource......
It is good news, but the apathy and mis-trust generated by ACP over the years may well hinder the progress in sp that we would all like to see. The scoping study we hope will be completed on time and may start the long awaited rerate. Fingers crossed either way!