The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Frankey, this:-
“ The alcohol in rum would evaporate and is no good as lubricant. The cannonball would drop on your toes.”
I love!
Thank you. Cheered up my evening, got a new MTB recently with tubeless ready tyres but shop didn’t set them up, had a puncture, spent 2 hours trying to fix it as the tyres are tighter than a nuns whatnot so happy to have a bit of light relief before bed, so to speak.
Evening all,
For those that don’t know and feel that I add little value to discussions I hope the following will help understand the company if you were late to buy before suspension or not if you have been around for a while or maybe haven’t had time to research the company properly.
I’ve been holding shares in EUA since April 2018 so am fairly familiar with the company and operations and feel the following is interesting relating to the last RNS and some previously.
- the announcement of a new NOMAD means that we are no longer at risk of delisting as you will no doubt know.
- appointment of an M and A specialist with the level of expertise that brings as a non exec director is amazing.
- WK is an ongoing source of income and I’m sure will be proved soon, you may have missed that previously we sub-contracted the mining out and took a low percentage (30%) of the profits, we now how our own plant, machinery and staff so take 100% of profits therefore to a point ignore past accounts.
- we have license approval to expand mining at WK but this hasn’t yet been announced, Alex found some links and posted earlier this week / late last week.
- we are waiting for flanks license approval for MT, this has an estimated 15m Oz of PGM’s and has been valued at circa $1.5Bil, I believe we own 80% of this site and taking into account the exchange rate for $ to £ and our 2.9b shares we are probably looking at cash injection into the company of circa 35p per share or so. That may translate as a special dividend and is what I’m expecting.
- new Non Exec Director is likely to be onboard to facilitate that sale of asset or a wider company sale, time will tell.
- in essence all we need now is flanks license and whatever offers to be put forward, I don’t imagine this will be long.
Depending on how long you have been on the board you may be aware that certain people here enjoy scaring other holders with all sorts of rubbish, feel free to ignore me but I would take that with a pinch of salt and do your own research before letting your hard earned shares go too quickly.
In terms of the share price I think that selling MT for 30p per share would value the entire company at circa £900 million. There is £20 billion or so of assets in the ground for MT alone (we own 80%) based on valuations provided by others. Steal of the century for the buyer on that rationale. I share your sentiment in that an increase to 30p from 7.2p is an incredible upside from where we are now however I still don’t think it’s a fair value.
Is a strange chap, for those that missed it Alex highlighted last night that he said he worked at SXX and then said he didn’t, he often makes up weird sort of poems and changes the spellings of people’s names. Really strange way to spend your evening but there you go.
That’s a really good point Ohmni, I hadn’t looked at it like that.
Good night to you too, let’s hope for some positive news this week, October is a good buy in point in view of the rise between then and Feb, good luck to you and us all
Hi Ohmni, I also lost quite a bit on Sirius. I was more annoyed at missing out on the prospect of the gain than the capital as they had an awful lot going for them, a great product, large offtake arrangements etc, I think the infrastructure was too much, financially I mean. A real shame that they didn’t fulfil their potential.
Move on Frankey, you have been proven to be a liar which on the internet takes some doing as anyone can be anyone here. Other than trying to goad people into an argument what do you get from this?
That’s true TDT but they have never made a profit, the directors have failed to produce any revenue that comes close to their debts for the last 5 years if HL is to be believed. I wouldn’t expect the BOD to take a market leading salary when revenue is so low especially considering the Mcap is greater than the last 5 years turnover combined.
For those not invested please keep your opinions to yourself. There are literally hundreds of companies listed, surely you have better things to do than post here.
For those invested please stop asking the same questions over and over and over and over and over and over and over and over and over and over and over and over and over again. No one on this BB knows the answers that you are seeking. There is risk in investing, accept that or don’t invest. The company issue regulated statements, either accept what they are saying or move along. If you think this share won’t return to the market then move on in your life and rip up your share certificates or close your online trading accounts, good luck to you.
For the multi personality accounts, try and had a modicum of decency. Your tactics are shameful and deceitful, honest hard working people invest their money with the best of intentions, just because you are nefarious don’t drag everyone down to your level.
To be fair LL it’s a complicated set up. Please don’t worry and please don’t let those that are not invested prise your shares away from you for nothing because they do a good job of making unsubstantiated claims. This share has risen hugely in a short period, naturally it’s a concern of when to sell, people will prey on that and human nature is that they want what you have. Don’t let them have it. Modern day pickpockets but sat in their nice homes behind their computer screens unable to actually get their hands dirty or do a hard days work.