Member Info for JMUK26

Been keeping an eye on this one for a couple of years now, and things deemed to be on the up, but management have well and truly screwed investors over with this latest move. Overpaid massively for the acquisition from an initial glance and the discount on the fund raise is absolutely ludicrous. How can they possibly expect to give any shareholder value over any reasonable period of time by overpaying by so much and diluting so much all in one. Very strange move. Removed from watch list and now barge pole territory.

The system1 purchase looks a good one at a good price. Will inevitably be a takeover at some point.

Seriously guys? We have 3 different members all come within a day and warn us of rumours of an imminent placing and that it’s their duty to warn us retail investors as they have been stung with this too many times. You have to laugh at the blatant de-ramping agenda. Won’t be selling any of my shares just yet chaps but cheers for the warning.

Likely just some risk off volatility but seems a very harsh drop. Not aware of any specific reason for it. Strange that 1 post matty1965 suggests a placing is coming lolz. How many times have i seen the first post of someone suggesting a placing is coming :)

Quite the swing yesterday. From around 7% up, then the RNS lands, and it swings 7% down, then back up to 10% up. Pretty volatile. Higher coal prices is just what the company needs, and the share price is reacting, its just a shame the reasons for it.

Unlikely to be that, more likely that it is just a risky micro-cap in a volatile market today, so people de-risk at a price that is higher than it has been for some time. In reality the story unfolding in the middle east strengthens the case for EPP approval, as oil price is going up, and therefore alternatives energy courses like gas will also rise to offset the shortfall, putting even further pressure on an already bad situation with UK energy bills. UK Government need to pull their finger out and act and this might just be the tipping point for them.

Fair enough, before I bought in. It was raised as if it was new news below which I thought was strange in interims.

So the German asset has effectively tripled in value overnight, and the AIM market doesn't think the share is worth even a fraction of a penny more than it was this time yesterday. Efficient market my a****. For a long term holder this is extremely good news as the asset will eventually be developed.

Testpack - appreciate you like a strong debate having seen your messages before, but as long term PAT shareholders me, Gallmat and Rider probably know a little more about the valuation there and the journey the SP has been on and what the specific triggers for re-rate has been. I agree with them there there is almost nil valuation in the market cap for assets other then the legal claim. Re-rate has been due to arbitration progress, and higher gold price which pushes the claim value up. Emmerson is following that journey by creeping up to towards the SoC. Only difference is that marketing and coverage of this one seems to be lower, but as the case progress it will likely track up with it, providing things stay positive for EML.

I've tried previously for clarification on an RNS and they didn't reply unfortunately, so not going to waste my time. Not good but I think they are too small to have any sort of IR dept. If they scale up a bit more, comms will need to improve.

Update required from management if we don't hear regarding Senegal JV payment this week, giving them some leeway. It is material, and needs communicating formally if no payment received. Do we need a different more reliable JV partner or are there valid reasons for the delay? If the former, then it is not a good start and the company should rightly be concerned about proceeding further with G2.

India will pay well before that becomes a real threat, but it won't stop them dragging their heels at every opportune moment. Like Gallmat says, it will be a nice problem to have if we get to that position, as the asset seizing is the safety net for payment.

Whilst logic would tell you that on a loss, India would pay promptly to avoid unnecessary interest, and potential seizing of assets, history of similar cases tells us that this doesn't deter them from dragging their feet and delaying payment and even agreeing a haircut on the initial award. Its only after many years that assets start being seized realistically. 2-3 years after award may be about right.

Well it's material news, so needs to be RNS'd as London market is open.

LSE website is just a pile of crap. Its renamed it erroneously based on an Australian mining companies name for some reason. I don't think they even share the same ticker. Should be reported to LSE, but I can't be bothered :)

Same here, initial purchase sat £8+, and averaged down a few times. Rabbit in the headlights springs to mind :) Shoudl have cut my losses much sooner, but given cash position, decent divi and profitability I decided to hold and hopefully it will come good.

Yep, someone could come in and offer 60% premium at today's price and it may well be accepted given SP performance over last few years and worries that the UK small cap market may never really recover. I'm sure it will recover at some point though however as each down beaten sector has it's time, and we may well have hit the bottom here given outflow data.

Also agree that takeovers are currently contributing significantly to FTSE share performance, because US companies are seeing stupid value here and are willing to offer higher premiums. However, once they are taken over and in others hands, they are generally gone from the stock market and the UK loses yet another asset and sees a shrinking market. It's very short term thinking, but that's the British investor for you (they like immediate gratification in dividends and takeovers rather than long term sustainable SP growth like US investors).

Really hope no predators come knocking anytime soon. Unlikely they would offer over 100% of current SP and I’m in this to make much more than that and I can see it happening pretty quickly. I don’t think management are doing us any favours here with lack of comms though and as myles repeatedly states the British stock market and particularly AIM is a bit of a joke and simply refuses to play ball with a fair valuation despite the huge potential here. Really need to get a move on with the listing, Germany update, new jurisdictions etc otherwise management leave us open to opportunistic takeover in which aim investors are partial for a quick gain.

Not sure the market will like it personally. A philanthropic act from a low revenue non profit company doesn’t seem the best idea and maybe they could have done it at cost instead. Hopefully it pays off by paving the way for other similar projects as they say. They must have a few potential clients that need convincing.

Note that management say they "have to" increase credit facility by a further 25m. Implies that the lenders think LCM need it just to survive, but are wiling to hold on? What I don't get is that there will be little no cashflow until realizations come through, of which there are no major catalysts any time soon as afar as i'm aware. Looks like it is going to be a tense wait until the start of each month as to whether covenants have been waived.