The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Karl why are you surprised by the underwhelming sp activity. Still far too many unknowns for a re-rate. Then there’s levels 2.95 placing price , 4odd warrant price and so far as we know Anza’s budget is tiny because too much money wasted elsewhere. Brad n Louis aren’t going anywhere either.
I won’t bother answering Friday’s Q In light of todays news.
In 5 years he will have trousered just under a million bucks in salary (5x180) alone!!!!
Even if OMI fails to create value in a single one of the projects he has exposed the business to he will still make a nice retirement fund.
That’s assuming he doesn’t decide to award himself another payrise
Hi Imp,
I’ve had similar thoughts about the company needing a proper CEO. I believe that an Explorer CEO must also be a top salesperson with the skills to interest the market in the story.
Money where mouth is also a must if selling the story to others.
However I concluded I should be careful what I wish for as the wage bill would just increase even more and it’s already chunky..
Parties are to be paid US$3.325 million in cash to settle all monies due under the “Mining Collaboration Agreement from MMP to Xtract and Explorator, Xtract's local Mozambique subsidiary, of which US$2 million has already been paid”
That’s what confused my recollection. My view remains same on the stock. Good luck all
Exactly! Benefit of doubt no longer exists here.
But today XTR mcap under 8 million gbp vs
-15 million bucks owed
-Explorator subsidiary cash received
-BR asset and Copper price turned lot more bullish in last couple of weeks too
All the bullet points have to be worth than 8 million don’t they? Why is market not reacting? Surely CB track record and lack of clarity on timetable and funds.
I can’t see how he could need a placing but because of CB and vagaries so far I’ve only bought half of the total I’m willing to buy.
When it seems like an open goal it usually isn’t on risky penny shares. The market is always ahead of me so what does it know that I don’t.
Are MM’s seeing lots of sells from house broker firm? Just wondering
Market stubbornly refusing to price out a placing until it sees something in black and white that both clarifies finances and confirms Holders can look forward to a non-dilutive drill programme imo.
Aa it stands we could be forgiven fir thinking the Crown Jewels are gone where’s the formal plan to return value? Add the bird factor in and I can understand the markets reticence.
Flip side, if we can believe the sale of Manica rules out dilution down here this is chronically undervalued even vs cash!!
Hi Bhargav, the voting really is a mockery isn’t it! And then they rns about making sure you cast your votes to really take the p@ss.
I’ve got accounts with similar firms to TP and I have often bought a placing with a warrant attached with the intention of selling the share to break even and simply keeping the free warrant.
I expect the SP to see some resistance at 2.95 as I expect some placees might just sell the stock / keep the warrant for zero risk with upside potential?
That’s before we earn approach the actual warrant wall at 4 odd.
The placing doest even cover bod wages/costs for 12 months so I can’t see how they avoid more low price dilution this year.
I think the bulls are going to be underwhelmed by the impact of Anza resolution. Hoping I’m wrong tho as everyone who reads this knows I want out on a spike .
Also I’ve been asked frequently why I don’t just sell up. Fair Q which I have answered a few times.
On the other hand for those here that claim to be bullish and expecting big things from Anza
“Why Aren’t the more positive loading up on Anza eve”
The volumes don’t lie
Realise it’s a a bit of a silly Question because AIM votes against resolutions are not registered by OMI but who thinks the company would have been better off with a new CEO?
I personally think he would have had a serious number of votes against him and possibly could have walked if votes against from aim holders were accepted .
I would have voted him out when he started fiddling the options/payrise with no apparent justification if it was possible but what’s the wider consensus?