Member Info for Guvvi

Metals market all over the place and we've obviously attracted quite a few traders along the way. Nothing to worry about, not even the end of january yet!

Barry's a nice guy and is just taking the chance to cement some gains here - good luck to him. I don't believe anyone should read anything remotely negative into the outlook for the company from some notified sales. We've got a new shareholder with 8% too and JV hasnt sold a share.

Golf at 5,300 now too lol.

Might not take that much patience, it's up over 200% this year. Things are likely to change very quickly when an interview and quarterly NAV follow which i assume they will.

Cosidering 89% of the strategic portolio hasn't been revalued because there has been no financing events or liquidity events to revalue them around the performance is very good indeed. The biggest gains in reality are within those too.

This remains a company where there is a lot of hidden value and compared to 5 years ago a lot of value you can see as well.

Congrats JV !

Alternatively, the discount to NAV is finally narrowing.

Lets' hope it doesn't go to 40p today as i don't want to have this problem! I think in the future somewhere it can obviously be higher but yeah 40p today would be tricky for a lot of people i guess partly as you say because there is a lot we don't know.

An interview would be good to help!

Very happy to see buying again today which frankly is overdue, it's only a narrowing to NAV which as someone pointed out is still higher than where we are.

To be clear I want 100p and was the one to start this thread happy it’s going up. But I wouldn’t jump from a narrowing of the discount to NAV to “ OB might have to revise his target to 100p “. I’m still very positive but we’ve maybe gone to 100p quite quickly. As everyone is saying good to have the debate and happy to keep holding.

Sure but i remember when LS was worth 10m and then turned out to be much less once all said and done and converted back into sterling. I'd love 100p but you're miles into the future and hoping everything goes well. This is highly unlikely and not even worth considering at this stage. I'd say if LS turns liquid somehow in the next 12 months and GS is monetised in the next 18 months then £15m-£20m COULD be a fair worth. Also gold cannot go up forever and never has. We could easily stay at £10m if gold drops even if JV does everything perfectly. Hopefully the next NAV/Interview will be useful to help us all.

I don't want to alienate some of the other long term posters here but triple digits is madness. At the moment this could be worth between £10m and say £16m in the next 12 months, anything north of that would imply our 20% ish stake in GS being worth say £12m sterling which is probably over $15m and everything else being worth top money too. Even £20m which is possible at a stretch is 60p.

It's also possible our illiquid holdings ( mostly lS and GS ) are still stuck in 12 months, hard to make liquid and also valued quite differently i.e lower. I continue to hold mind you but i think if this was 40p bid tomorrow i'd sell what i've got.

Never seen 30 ask here before, woohoo! Feels good.

People waking up to the fact it's a good investment at 25p and still decent at this price really. If you do some basic conservative maths on the investments they add up to quite a bit more than the current price. The NAV itself is conservative too.

28 ask, nice !

Proquo don't forget we've had some RSU's recently - could be related to that and people offloading their entitlements? Or might just be a busier day of buys and sells.

I guess either we still hold a lot ( great ) or don’t but sold at a good price ( also great )!

There must be some news out there somewhere, this can't be traders before a bank holiday weekend surely.

Obviously people have changed their mind about it being a write off at 27p. There hasn't been any news or RNS although the link that someone else posted to the Collins fund management quarterly round up indicated that management are fairly optimistic about further wins shortly.

As Wobble pointed out though i think all of us + most of the market are now waiting to see if this actually happens or not.

I understand how the finance works yes. I'm also not getting really excited.

I am however interested that this fund seem to have a fairly positive outlook from management that we don't have.

Sure but you agree that’s how it reads right ? That management now expect another Greenx sized win ?

Thanks Wobble. Management expect a similar win to the Greenx case in the september quarter? Am i reading this right? How is this information available to them and not us?

Don't forget they've still got headroom in the facility too ( quite a lot actually ). It's not like they've run out of money and have a few months to find a way out!

Will be interesting to get more detail on the cases and their status in September as well as the board's view on how best to manage cash for 12-18 months or something.