The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Ricardofin, to comply with compliance listing regulations. MTR have to have 5 to 10% of their issued share capital transferred in the form of CDIs to the ASX. So I would agree sometime in March probably towards the end.
Agreed TF1. It will be very interesting to see these two projects. I imagine that these will be early stage pre IPO similar to KML with significant potential upside potential.
TF1, I would agree with you but the NOMAD gatekeeper will simply not allow that type of PR. Send MMc an e mail and I am sure he will confirm that.
KB, no admin people in the UK. Just the CFO handling the accounts and CoSec with Bangkok. Admin outsourced to Bangkok.
CK a one of redundancy hit in 2020 plus associated legal costs. I cannot imagine legal costs will be anyway as high in 2020 as 2019. So yes would be the simple answer. The Bangkok Office will be much cheaper to run than London. Also travel and hotel costs will be down considerably in 2020.
Correct TF1. There will be one off redundancy costs etc.. for 2020 but going forwards no registered office rents in London and the UK employees reduced to MP and Adrian Bock the CFO. I presume all other support functions to Bangkok. Get rid of the London listing and a whole lot more savings! Time will tell.
CK, that will cover huge legal costs associated with SFR/MOD/KML/CBE/SAU etc... plus external geologists. It's not all on salaries. I am happy with the spend on legal fees and external consultants. I would be very worried if there was not a large spend there. Sprott would have done their due diligence prior to investment in any event.
CK you will have your chance at the next AGM.
CFO based there. No other staff. London Office closed and three staff made redundant in Oct 2020
Two executive directors, CFO and 3 office support staff in Bangkok. This is since the London Office closed.
Jonfon, the NOMAD will not allow it!
The problem is Scoobydoo the NOMAD system on AIM does not lend itself to over promotion for the sake of promotion. MTR are very reliant on SFR news. The NOMAD will only allow MTR to link refer to Sandfire. MTR cannot say things that SFR have not mentioned. The KML/Cobre deal will be presented to a GM next month for shareholder ratification. This is an ASX requirement. I am sure a huge amount of analysis and work has gone on behind the scenes.
Give over CK you are like a stuck record!
Hi KB, I imagine that there will be many other investments in the portfolio and the positions will be traded. I would agree an update on the main ones would be useful. To me it’s all about KCB. That’s where it will become very interesting.
Sorry AP100 humour missed on me! Why gorra laugh?
I see that MARI has just gone into a trading halt. Pending news!
Agreed CK. I think we all know which one is massively over valued and over hyped!
Hi Keith, I imagine that the investment was small due to the placing being over subscribed. MTR may have come in late in the day. All sorts of reasons! The Marimaca investment was some what more substantial.
Mr N much of what you say I cannot fault. It has been a frustrating period indeed. I imagine there will be a big update from Sandfire on A4 and other drill results in the coming weeks. The royalty value will then be readjusted and should increase the NAV. KML/ Cobre will be very interesting once the approvals go through. A huge amount of data interpretation will have been completed to allow identification of similar targets to A4. The Galileo / SFR transaction was interesting. It was a very good deal for both parties. SFR will not drill the licences but instead release them back to the government as part of the licence management process. Very shrewd management by SFR. It means they can keep most of their existing licences where they have done a great deal of work on!