Member Info for Kev7722

Baz - what happened to, "Deal done 10p returned to shareholders and then a clean shell."

What deal?

Just as a more general point - all companies are only good or bad investments relative to their current SP, so it's entirely reasonable to alter your view on whether or not they represent good investments as the SP fluctuates

I'm not at all optimistic about the long term prospects here, but in deference to Acker - anyone who listened to him yesterday could have banked a 10% net gain already today...

Companies can usually ride these kinds of situations for much longer than people expect.

Look at BPC, close to zero prospect of drilling even an exploratory well in the Bahamas, has been that way for 10 years now - but once or twice a year they'll report that they are close, are pleased with the direction of discussions, that they work towards drilling a well next year etc.

My point is that PREM is in a similar situation, completely at the mercy of forces totally outside of their control. The marco economics in Zimbabwe a awful, the company is generating no real income... it is, as it always has been, very high risk vs. high reward. To some extent all the BOD can do at this point is keep the lights on for as long as possible and pray for rain.

I'm a bit confused by this... are we trying to bash someone for selling out at 0.32p when the SP is currently well under half that? These are the type of people that I tend to pay attention to when they pipe up...

Window for this was 4 months from end of August, so news due this month presumably...

Howdlep - as I said below a month ago:

"Following the loss of the syndicate we've already seen strong indications that the results will be underwhelming vs. previous updates with regards to turnover, and in the market that the company currently operates there's not a lot they can do to address the wafer-thin margins."

To everyone else with this on a watch list - here's your 1 - 1.2p entry price... if you get in now and you're patient you'll be able to slice these at some point next year for a 30% plus gain - beats having the cash sat in the bank!

In other words, it's a bit of a fallacy to say the price went down 20% but there were more buying than sellers so it should have gone up... people were probably buying yes, but they were probably buying because the price dropped

Unless the number of shares in circulation changes you can only buy one if someone else sells it to you... it's the job of the MM to find the optimum price and spread at which shares are going to change hands - generally speaking the money is made from the spread, so MMs like to generate interest either way

Sorry... my point is that I don't believe he's short on Faron… but I also don't believe he's as big a player as he wants people to think he is

If you mean Zen then in his defense he's been throwing ridiculous SP numbers around for well over a year now - £8, £15, £25... just plucked out of thin air, always with the assertion that partnering news is days away etc.

On the days it's up people will rally and say he's been right all along, but it's all hot air - looking at every RNS through rose-tinted glasses. Certainly don't base any investment decisions on this kind of nonsense, it's dangerous. If you follow through all the assertions he's made in posts over the last 12-18 months then he'd have you believing he owns about 10% of the company by now!

It depends entirely on how you're framing the movement Geordie... it's still up 50% on where it was 6 weeks ago and fundamentally nothing has changed since then... they even issued a speeding ticket to that effect during this rise

'I don't have the time to day trade and chase 2% here and 4% there...'

You're probably in the wrong game I agree - if you were very patient (for an AIM investor) and did nothing except bagging a single 3% gain a month (after fees) per month through trading that's a 43% annualized ROI... good luck getting that from a savings account!

Interesting... with a mid-day clarification RNS the action isn't always immediate as the selloff has already happened. Could be a buying opportunity back to c. 10p as you've highlighted below!

In an ideal world I'd agree with you and be very excited, but I'm less convinced - they've retweeted an analysis that claims there will be a +0.2p upside if the management team are replace. That just smacks to me of them retweeting any positive-sounding posts they are tagged in without actually looking at the detail... which to me is a negative rather than a plus

...for a cheeky 20m shares. Company now more valuable than it was yesterday, and MCAP flat over the last month... AIM arbitrage at its finest - the attention is elsewhere today

Sit and wait indeed... unless there's something unexpected in the results it'll drift back down to c. 1.2p by early next year... then top up

You should also try and get into the mentality early on of exiting shares when you hit your own targets, and not paying too much attention to people saying that you're mad for walking away... or beating yourself up if you sell and the SP continues to rise. The only certainty is that once you take money off the table it's yours to keep.

It's good advice... don't put all your eggs in one basket - take some of your profits out and spread the risk across a few shares! Between now and when you retire you're not always going to have as much luck, now is the time to start protecting yourself against the bad news by spreading the risk!

What's the obsession with bashing people for doing some actual research on the company and sharing it on the board? I'm only on these boards in order to collect as much information as possible on companies to help inform my investment decisions... I see no benefit to being sat in an echo chamber where everyone just bangs on about how much money they're going to make by Xmas and ignores any information that doesn't play into that narrative.

No company is all good, even the really good ones... ignoring the bad news just diminishes your position and ultimately costs you money. If you disagree with the ROFL's conclusions then please explain why... otherwise, I for one found the post helpful.