Member Info for hillfog90

A couple of minor things to add (if I've not missed these from previous comments below):

Eric stated that NLGM has had three consecutive Quarters of stable production and that has continued this month.

He suggested that W Kenya alone is worth $100m with 1.8Moz & 11.45g/t & expects it to grow to 2Moz soon.

Singida has been achieving stable production at just below the target of 1000t/day average throughput but has seen peaks of 1200 so it is capable of handling that.

He expects a processing plant to be added to Singida in the future ("when/not if").

Currently working on financing plans for W Kenya which will be partly funded from production.

He made it clear that he does not expect any equity raise & did not want to see questions on that subject.

This is what it says about Idex at the bottom of the RNS (Under the contact boxes):

"Founded in France in 1963, Idex develops, designs, finances, builds and operates local energy and carbon-free infrastructure, which provides renewable heat and local electricity supply to buildings, cities & industry.

With 5,700 employees and a turnover of €2 billion in 2022, Idex is currently the only vertically integrated market operator delivering the complete value chain for local energy provision. The Group is involved in the production of thermal or electrical energy from local and low-carbon energy resources (geothermal, solar, biomass, waste), the distribution of this energy through district heating and cooling networks, to its final use in industrial, residential and tertiary buildings and other applications."

All out in the open nearly three hours after the market opened. Those with insider knowledge have been given the opportunity to make a few quid in the meantime.

Acechaser Yes I have a small holding in GGP - I started buying at 17p in Aug 21 and have topped up a fair few times since then including last week. Averaging about 12p at the moment. I won't make or lose a fortune whatever happens. The future seems golden but seen too much go wrong in respect of very good prospects to expect anything until there is more meat on the bone.

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I am no expert on Gold Exploration and Mining but I like to keep things simple and it seems to me that we are in the Feasibility stage of the Lasonde Curve where the price tends to fall and continue falling. I may be wrong but, despite the investment in the incline and associated works, there has been no definite decision to mine. There is talk about this being a very low cost mine using existing processing facilities but little meat on the bone as to whether Newcrest have the capacity to use that facility for Havieron and what the cost of transporting the ore including the infrastructure costs. Also underground mines often experience issues when the mining commences. The potential AUS listing also suggests that further dilution will happen if cash is needed. Until the Feasability Study is published then there will be significant uncertainty over what revenue the mine will produce for GGP's 30% share. Most investors want a degree of certainty and we are still at a highly speculative stage in the process so the money is not pouring in like it should in the future. If we follow the Lasonde curve then there should be decent profit but I wonder if the early excitement was pushed higher than normal by the number of people and amount of cash pushed into the market/share during the Covid recovery period. We will see in due course.

"Milestone of 300 EpiSwitch CiRT test orders reached (May 2023)" - It does not say monthly orders. the way this is worded suggests 300 cumulative orders to date (ie Milestone). Anyone know how much they are sold for/what revenue this would generate? The revenue generated in first half is minimal compared to costs. How may do they have to sell to break even? Surely these are the questions an investor wants answered rather than an obscure statement with minimal detail! We have been told for a long time that sales are ramping up but this seems to be extremely slow progress without some meaningful figures. In the last year the company has burnt £9.5m of cash whilst generating revenue of just £220k in half a year! How much more cash will they burn? How long until profitability? How much are the Directors earning off the investors cash? Isn't it time we got some meat on the bone?

Its great that the value of the assets is increasing but surely the fear is that if we can freeze the UK assets of Russian companies and citizens then Putin can do the same to the assets of UK companies in Russia. He is clearly on a war path with no control over his actions. What stops him from not going further and cease the assets and kick our company out? Surely the reason for the massive price drop is fear of that very high risk. The value of the assets have minimal bearing in the current situation.

On every RNS the number of issued shares reduces so they must cancel them as soon as they are bought.

Depends how you look at it. £1.7Bn down from Jun 21 peak and £3Bn up from Apr 20 low. Much of the market is down significantly in the last week or so. Add to that RM slashing £70m from the expected profit/cash flow this year in their update and expecting volumes to fall now covid under control. Liberium cut forecast from 560 to 470 today (not that I take much notice). Bound to be downward pressure until FY results & next update published.

If my maths are correct I make it that, so far, approx 7.2m shares have ben bought back (999984053 - 992772768) so at an average of £5 thats around £36m spent out of £200m so a long way to go. So far about 0.7% of shares bought back.

Taffy, I agree, in the answer to the question about new drugs JVT suggested that a great deal more research will be needed in order to establish who will benefit from those treatments. If the research is not clear, and they expensive, then governments will not pay for their use in the hope that they will work. Lets hope that the SNG research to date will give a clear indication of who will benefit the most.

You could have sold some after the 25% rise from early Oct to early Jan. Broker forecasts are their view in next six months so never hold out for a peak based on their views. Fallen because of concerns on the economy and profit taking. The 20p Div had a big impact on the price but that is in the past now. I suggested to you a week ago that the price was likely to head South as I could not see any reason to maintain the upward movement. Never any certainty so I was not certain. If there is good news in the 10th Feb trading statement another change of direction could take place. When the buyback ends then that could worsen the fall. Not a de-ramp. I still hold some shares and will be buying back soon.

Part of my decision on whether to topslice will be related to whether I decide to use this year's CGT allowance on my small holding outside of SIPP/ISA.

I guess it also depends on how you assess risk too. Selling too early is potentially as high risk as selling too late depending on the point in the curve you trade. With a potential £75 price there is plenty of scope to get it badly wrong so I will be collecting as much information as possible to make that decision. Hopefully the BOD will be able to provide much more information regarding profitability once the product has been licensed.

4 January 21. Only trading/self investing since Mid 2020. Just hit my break even price today. hopefully lots more to come for all of us even at my high average compared to some.

Well I would be looking to maximise my investments/pension from my RM pay with that level of second income.

mhudson do you actually understand the stock market?

Prices often rise and fall by much larger % amounts for no reason. If you've followed the RM price for years then would know that. Manipulation may be part of the picture but it certainly isn't the whole picture.

The bad press about late deliveries will cause some people to panic and sell (not logical but it happens). Going ex Div (large Div) didn't affect the price significantly but could have. The buyback is probably supporting the price at the moment. Inflation and upward wage pressure will impact the price too. Simply Wall Street says the price is about right so not a lot of upward pressure. There is no logic in price movements because humans react on fear (ie fear of losing out pushes price up, fear of losing then pushes the price down.)

I sold ex div at £5.10 on 23 December having bought at £4.47 on 15 November a profit of £475 (19%) including Divs. Not bad for 5 weeks and a small amount invested and I will not be alone in doing this. The prospect of a 20p special div passed at ex div so I would not be surprised to see £4.47 again soon! I will start buying back around that level. If I am wrong and the price powers past £5.10 to £6.00 then I will have lost out on another 20% gain but that's the game we play. You have to use the volatility to your gain and not spend so much time moaning about it. Forecasts are for price in the next twelve months and they usually get it wrong.

I retain my old RM Partnership & Matching shares that I had before early retirement so I may win with those if the price soars. If you invest via this (and/or the RM Money Purchase pension) then you should gain by average cost pricing as the price falls then recovers so its not all bad.

If you are worried about future wealth walk a bit faster and do a bit of shadow docket. A couple of hours a day will earn you around £4k extra after tax. Use that to bump up your pension via an AVC on Salary Sacrifice (so you get the tax & NI back) and you will be laughing in a few years. If you are in the money purchase scheme look for funds that have performed very well over the last 10 years (there are a couple that have gained over 15% per annum) Forget about the share price as this will make you a lot more money but it carries some risk. DYOR

So we have approximately 2:1 odds of success for the Phase 3 trial and then 9:1 chance of approval after that.

Someone posted the following on another tread today:

If the "Clinical Development Success Rates" graph that's been posted on here is to be believed, we're still only at the '16% chance of success' phase.

Are they being mischievous or are you and I reading something wrong?

The last RNS I can see were posted on the non premium RNS section on 4 Jan. HSV, TCAP and RMG issued RNS today and none are showing here.

Fruits N Veg, Yes due 14th. It was a tongue in cheek comment really.

They need cash to pay their interim dividend next week.