The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Are you still heavily into these? I think you are right, the consolidation price is irrelevant. The deal will be considered on its own merits in the light of circumstances we are not privy to. The offer indicates the undervaluation of the present sp, and the attractiveness of its property. It will have to go some for me to break even.
interesting development
ReneSola dropped 22-3/4 to 340 following news that the Chinese manufacturer of solar wafers has priced its IPO of 10 mln American Depositary Shares (ASD) at 13 usd each. An ASD is worth 2 aim shares. Its lower than expected. It is as though they placed shares at $6.50. The variance I mentioned was due to exchange rate fluctuations. !.96 or 1.99 to the pound etc. I think the market felt the price was too low in comparison to the existing share price and values fell to bring our sp in line. I fully expect the sp to recover in due course.
bought in at 309. Has to go up sometime soon!
the US placement seems to be a drag. At $6.50 a share equiv, I would be suprised anyone accepts a sell for less. On the day that was worth 3.33. Today its 3.26 or so. We are below that and I wonder why.
This is significant news. The co. identified rising raw material costs and supply as the 2 main limiting factors in profit last summer, resulting in a run on the shares. Here the announcement of a future jv producing 1500 tonnes of polysilicone by the end of next year in addition to the one now testing for production shows the determination of the co to succeed at tthe highest level. As polysilicone is becomming expensive they will now reap benefit from that too as well as guaranteeing supply.
They have a potential jv with goldfields. So what if they are an exploration company? They have a potentially good find at komano west which if present results continue will reap good rewards There have been some high grades there. If you want short term results you may well have invested poorly. If you are patient you will in all probability do well enough.
100k at 3.5p av. Now only 30k. Sold between 8p and 13p, av over 11p . They owe me nothing!
I think there will be a number of stale bulls secretly watching this. When I first invested here I found the management extremely willing to answer my questions in a very timely and detailed manner. I liked the guy. These exploration co.'s take time and not everyone has the patience to just sit on them for a few years. I have seen nothing to un nerve me on this one yet. Besides I am only running profit. At these prices I would be tempted had I spare cash, but I am a stale bull in a fair number from tan to fep, tho TAN keeps touching blue then retreating like a tide that doesn't know whether to turn or not. Eventually gravity will win the day....eventually!
always, almost from the beginning. my position is hold
No, its not moving anywhere at present. I think its atypical of this kind of small miner, especially at present. There is so much more going on elsewhere. I have 30k of these after taking capital and profit out, so I, like some others am quite happy to wait it out. It will come good in due time.
nice to read your posts and to see you are thinking much along the same lines as I have been. Good luck to you both.
spiked thismorning.
When it fell to 15 all of a sudden, then made its climb back up. It happens so often that the fall is a marker for where it will end up. I've noticed it over and over again. This time I sold in good time, only making 7.5%. But that will do. If I had spare cash I would punt on this one. It has some extremely promising properties but equally vague about how it will actually get the stuff out of the ground. I think it must be worth far more than this to just farm out and sit back and watch.
At 18. Bumpy ride as always. The fool in me pressed the button at 16.74. Who was wiser the head or the heart today?
16.25/16.75
at15.5. could be interesting. any news?
current 17.5/18. Glue was right to be patient. I'm forced to sideline. no cash.
Someone noted this ones fall today and suggested this might be a buy. Just pointing out as a hobby farmer that this year wheat prices are more than double last year, and whilst I would obviously welcome this long overdue rise, its not good news for companies who make bread, pastries etc or sandwiches for that matter! They will try to pass some on but there is likely to be a squeeze on profits.
I got in at 314. Looks like we should be ok taday. Good luck mate!