Member Info for leas

Sp looking more resilient over the last few trading days. Just a waiting game here as with other producers. 2 large trades reported this morning. Reported as sells on the LSE platform totalling £2m. My hunch is the price was dropped to fill this order but of course my opinion is biased.
Certainly worth watching though if someone is trying to build a position on the quiet.

Gunner I guess that's not unusual. Workers wanting more pay and TSCO trying to protect their margins. The job vacancies out there make it advantageous to the worker so no doubt a solution will be found before distribution is hit. Employees Pensions are linked to sp performance so some long term workers will have to look at the bigger picture too.

Yes the cash burn is a concern. Funded until 2023. My guess is any good news will of course give the sp a much needed boost which will probably be followed by a raising of funds.
Or a possible takeover. Have to admit the risk v reward is very tempting.

Carl
I bought shares in IMM over a period of almost 7 years. Highest price paid was 52 and the lowest 18p. From memory my avg was 24p. However, made a handsome profit selling the lot at an average of 176.
Patience was indeed the reward. Hardest investment to make is time. Lupuzor will commercial IMO but it is timescales and by who is the question. I think IMMs partner will snap this up on the cheap and again only opinion but it’s suits them to drag their feet.

Carl
I get the impression that you’re not bullish with your investment here.

noggers
Read an interesting article last week from an analyst. Only a matter of time before the price if gold starts to climb. Only uncertainty at the moment is how low the price goes before the trend is reversed. Opinion was to take advantage of the current price of gold producers before inflationary pressures weigh on the markets.
Frustration for me is trying to guess where the bottom is. However, you have to take a pragmatic view that to buy low and sell high is usually down to Lady Luck :)

MillCottage

I agree weakness in sp is more than likely supply issues. However, TSCO are probably best positioned to not be as hard hit as its competitors. However, consumers budget and if their monthly shopping bill is £600 then they will still spend that amount. I think inflationary pressure is probably the main concern as the Christmas period approaches and maybe the buyback strategy is sensible during this period.

Gold spiked on the news moving towards $1780

Thanks Supercharger for the update. Appreciated

Invested a few years ago in Colombia. Marxist government switch very quickly from a anti foreign business and tax them high policy to a supportive do anything for them approach. They soon discovered that their exchange rate plummeted and the building of infrastructure slowed.
Although this political situation hasn’t helped the sp, I do think the PoG is the main driver for direction.

halfful

So it's ok for those born into privilege to drive a Lamborghini but not those who have worked hard to grow their own wealth and fail to follow the traditional British way and be apologetic for it. I suggest you avoid goods made in China too.

KISSIMEE

The only people that would effect are the private investors. They will still continue with their lifestyle. They have already made their fortune and will have shifted it into other assets. Would it be acceptable to 'show off' if the sp was 500p?

Longterm
That was my point earlier in the year. Some investors don’t get the fact that debt can be good for a company.

Only one direction for inflation... only one direction for PM. Farm payrolls round the corner too. So tempted to top up but I have made the most returns after a bear market. Reopening of the Chinese market not too far away, world economy very fragile as economies move towards post pandemic levels. Only certain thing is inflation.

Spindler
after selling you made the following comments. In June.......

I think there is a good chance it will drift lower to above 200p but in a FTSE market downswing yeah 177p is definitely possible.....would defo be a buy then even though the debt on their balance sheet makes me want to retch

I'm sure you will be able to 'spin' your post to make it look like you are an expert and an investment analyst. How many private investors were influenced by your comments? You never seem a positive kinda guy'

MillCottage
Lowest 215 and 236 from the SD.

barchid
Have to agree. Sometimes the patience needed is the most difficult investment to make when looking at making a profit. Like your good self I ignored the rights and wrongs of the SD and used the cash to buy more. :)

No sign of the 'nay sayers' now. Last Spring this was the lowest risk defensive company to invest in. Investors are also forgetting the reduced costs of the Pension scheme and re negotiated loans. Happy days!

Crystal balls for me. Lady Luck too. :)

Nolupus
However this plays out I would take those odds. Downside 2.5p upside 52p. My view fwiw is our new partner is happy to drag their feet, MC will be so small that a buyout would be the perfect scenario for them. 2023 is not that far away and even the most bullish private investor will know they have to raise funds before then.