The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
9 mins or so in--
https://www.youtube.com/watch?v=urgseVlGif8
youtube.com/watch?v=urgseVlGif8
I can right a cheque for $10-20m now.
79th resources look the real deal, thats an excellent interview
Good to see we have unresearched agenda driven fools like Panda on the board, 79th Group appear to have a complex and large group structure with funding coming from various sources and amounting to 96m euros in the near term. Historic filings on co house dont give much detail due to the business only being a few years old at present and limited filings.
I can see numerous references to scale here and they look very well funded.
And share price rising. Bodes very well
Think gold's gone up $100 at least since the Kerrs Gold news, that's a cool $38m in the ground increase.
You cannot ignore these things
Genuinely think so, the good news of the last few weeks, sorry MONTHS just does not seem to have been reflected in the share price.
$420,000 in free money from Canada , nigh on 400,000 Oz Gold in the new project, Zigzag Results-Outstanding. Premium placing at 4.5p yet you can buy at a 50% discount to the last placing still. Crazy value here. Should be double figures at least.
They have clearly stated the objective is to monetise the projects, you have to find something first though, only thing they have found that is advanced or mature enough to sell is Zigzag and you are saying they should have focussed on North hemlo.
Well if they had done that they wouldn't have anything to sell now, you would not sell North hemlo now at this stage of its development so the only truly salable asset is zigzag.
Great this hindsight game is it not, concentrate on that, do this, should have done that, why did they not do that. All perfect after the event but in all fairness they have delivered in adding value to just about every property they have touched and before you say they have too many to touch there is I believe rationale to this.
balancing act of permitting and if there was anything actually there over the government costs of keeping the assets in good standing, read the prospectus, each asset needs so much per annum. Think Zigzag/Sunbeam are fine for decades but the rest need spend, think the prospectus says $500 per cell per annum.
All good comments and a point well made I should add, however in all fairness Marc is not the 'Geologist' he's never positioned himself to be that individual. the geologists are Emerald Geological Services run by Bruce Maclaughlin.
I don't think he's in love with the projects at all, he's just taken a 'ragbag' collection of very early stage greenfield assets and managed their progression forward.
All good saying concentrate on North Hemlo, the permits didn't arrive till late in the year and until that point of them arriving it is never given these things are forthcoming. So North Hemlo with the undoubted promise would have been unable to have worked.
The company made a decision to drill Zigzag, got a grant for that work and produced excellent results. Its a results business and results have been good. Naysayers like yourself who are blaming individuals over market conditions and also not understanding that exploration takes time then selling assets also takes time should be looking at Premium Bonds and other investments,.
He did not actually say that, he said junior resource company's need to raise money due to the nature of their model or words to that effect. Hardly a trade secret.....
Good point re the CEO of POW but doing it and saying it are two different things, they raised a small amount at 1p recently and have seen the share price fall back hard with no support so that model is hardly a shining example.
The whole system is failing, the markets are not working like markets should. FCMs progression should be rewarded with a share price increase not constant pull back on success.
Not sure what the answer is here.
Suffering badly since the IPO, not even had one run. Sign of the markets, company performing to its objectives. Maybe needs more PR focus?
Plenty of interest in this IPO, Uranium market super hot still. Would like to see it happen sooner rather than later, think we are in the part of the cycle that big gains can be made, so get it exposed to a listing!
Just listened, positive vibe and progress