Member Info for jimjam

Prentice, agreed.
My thought process is that HH is an asset but not likely to give working capital.
GROC is an asset and could be sold in whole or part by ALBA if the monies can be put to better use. For example if the bod are convinced that they can make more money from gold when GROC may remain at the pip-squeak stage. I would rather that the bod avoid creating yet more shares. Any new thoughts anyone? JJ

I do wonder whether we may have tied ourselves into this by having given what appears to be an open ended loan. What is someone prepared to pay us to get out of that commitment? If someone looks closely at ALBA I do wonder whether the current share price and market cap are warranted. JJ

The economy is fragile which explains a lot, supposedly the market is forward thinking, we could could see a significant drop across the board and not just with bank shares. The BOE could stop raising interest rates very soon IMO. Good luck to you both. JJ

Crumbs £9 in less than 2 years time; what coffee are you drinking? Above £2 will satisfy me. JJ

The sell off was overdone and we ought to see it creep back above £3 as the focus is elsewhere for the markets. JJ

With the stock market around an all time high we could see MTRO get back to moving north or we might see the FTSE drop 3-5% so sending MTRO back into the clutches of Odey.
Lets hope there are no nasty shocks. Its going to be an interesting week with more banks giving results. JJ

Good night one and all, I'll look in Monday early. JJ

ALBA is worth approx. £8m
GROC is worth approx. £5m
ALBA owns half of GROC i.e. £2.5m
By being invested in ALBA you are sharing in other investments which are worth £8m, less £2.5m which amounts to £5.5m. As you don't believe in the elements that make up that £5.5m you would, to use your own arguments, be better off selling ALBA and putting the money in GROC to avoid the risks inherent with HH and a flooded gold mine.
I see an upside to the gold mine and believe we could see the mine operating and producing gold in 2023, but you don't hold that opinion, so get out now would seem the best course of action.
You said in December that you had bought ALBA, when the share was actually lower than today. It follows that you are likely to be able to sell ALBA and buy GROC without losing much if anything on the deal. A win win where you personally are concerned.
But of course that would mean you couldn't in all fairness moan any more about your investment because you will then have what you wanted all along.
Are you man enough to take some real action on your own behalf, instead of irritating the majority who post and read this bb? JJ

Thanks, but my thoughts can wait till next week.
Enjoy your weekends one and all. Should any decide to visit the bb over the weekend try not to be wound up by the one who would sell everything bar GROC but for some reason bought ALBA. Some people make decisions that I will never fathom. JJ

last chance to buy under 0.62 since when the share has dropped. Talk about deliberately misleading people. JJ

Can anyone please give me a figure to allow me to quote some constructive thoughts and figures in due course? JJ

Saxman, "Odey going for broke....." is most unlikely at present. More than likely that he will wait for FYR and then if the results show distinct weakness he will make his play. Right now there is a risk for odey as the results could surpass market expectations and the serious investors dive in, including our bod. This is the most interesting time for MTRO for more than 3 years. JJ

Expect this to significantly recover toward close today, but still be down unless the FTSE hits a new high. IMO it still represents a buy with a target of 350/400p in 12 months. JJ

I didn't do any research but invested part of my dividend income; ALBA represents 0.34% of my investment portfolio. I bought ALBA because it had an interest in a gold mine. At that stage I didn't even know about GROC, so the latter is a fortuitous bonus. It really annoys me when some others have also not done research before buying and now want to tell us the bod should change direction and forget gold mining when that is why I bought and continue to hold. I am happy to take the risk. Please excuse my post but I'm entitled to hope the gold will materialise. JJ

Pat, neither LLOY or NWG want MTRO branches. However they may buy a mortgage book from MTRO, as happened earlier. JJ

You all know, or should that prices are often very misleading upon opening. Don't panic the results are sound. However there are a lot of 'warnings' written in the wordy announcement.
Enjoy the div when it gets paid. IMO NWG is a good hold.

onelongrunner, 'shall be here at 7am with my coffee. Pleasant dreams. JJ

Mr.kioto I do agree. However it should be the case that as there are fewer shares in circulation it means to pay any subsequent div costs TSCO less and that means the div can be improved without the Company actually laying out more money overall. This in turn should then create more demand for the shares, and up we go. That's my view. JJ

Pat that scenario would see me back with a paper loss; holding for £2. JJ

Amers, FYR in March '24 should see you in profit according to my crystal ball. JJ