Member Info for lignumvitae

A good company with good assets. Considerable upside potential from a low base cap if things go well.

Yes, sellers hold the stage this morning but this is still a company with exploration assets of considerable potential & value. Strong nerves required but may well be rewarded down the line.

Yes, sellers hold the stage this morning but this is still a company with exploration assets of considerable potential & value. Strong nerves required but may well be rewarded down the line.

So JD Sports have bid & now have to buy the company, they cannot now back down as they would look rather foolish. Accordingly it would not surprise me if Ashley bids simply to force JD Sports higher. Mischief making or business acumen - take your choice but could be interesting.

So, is this a case of "Abandon hope all ye that enter here" or does the potential remain for significant value to be realised. As the BOD of Red Emperor is not receiving a very good press on this board i have turned to Pantheon Resources which has an interest in these leases acquired as part of its purchase of Great Bear. Jay Cheatham, CEO of Pantheon is an oil man through and through. Quoting from his comments following the latest announcement - "Data analysis is continuing and more evaluation is necessary to determine the next steps for the Western Blocks. While disappointing, this does not condemn the Western Blocks where Winx 1 is located". Oil drilling is a fickle business, whatever the seismic tells you or doesn't tell you & so i believe that it is much too early to write off RMP's remaining Western Leases & the Nanashuk Fairway. Fools Gold or the real thing? Time will tell but at these levels the shares are little more than option money.

So someone bought 5.35 million. This isn't just your ordinary punt.

The company announces a non pre-emptive placing to take place so the share price falls sharply in anticipation of the discount that is likely. The shares are then placed at a further discount to the level at which the shares have settled. All in the context of the company having now made itself investable. And advisors cream away their fees & commissions before generously handing the denuded balance to the company. Daylight robbery for existing shareholders & nice work for the placing participators & the advisors.

You may well be correct Stretchum but cannot see the holding from a quick scan of the interims to 30.06.18. Polymetal only paid one dividend in that reporting period and that was 30 US Cents. The reported div received by Ovoca was US$300, ie my assumption of 1 million shares. I do not think that their was any type of withholding tax.

If they received E300K in dividend income in half-year to June then they presumably held 1 million shares at that point.

Dividend to be maintained at 21.6p during the period of transformation. That is a very good comfort blanket.

RNS: Read this any way you want - up, down or sideways - standing on you head, there is no hiding place. It is dreadful.

Nice to see some directors' purchases. Opening their wallets & putting some money on the table.

More grist to the mill. The significance the PGA renewal is that it validates what they are about. A powerful positive when they are pitching for new business.

Extremely large directors' sales announced today. Seems to me that they are well aware of the regulatory direction of travel for the industry in which they operate. So holders should consider following their lead.

PMO is valued on an Enterprise basis, ie Market Cap + Debt. Accordingly any reduction in debt should be reflected in an increase in MC. So with a MC of some £650M at a share price of 80p, every reduction of £100M in debt should reflect in a share price increase of 12p - £250M being the year ahead forecast debt reduction = share price + 18p, ie: to 98p. And as debt falls the share price should further firm due to the perceived reduction in risk. So, assuming no collapse in oil prices my fair value 12 month target would be 120p

I think IOG will have appeared on the radar screens of both Premier & Enquest. Equally, once debt of both companies is on a firm downward trajectory i can envisage o merger of PMO & ENQ creating a hugely cash generative behemoth.

I like the approach of the new CEO. He fairly sets out the opportunities & challenges ahead. We are in the early stages of a turnaround & there is the potential for this stock to be a multibagger over time.

Good results & strategy update. Far more positives than negatives. PMO is rapidly reaching inflexion pojnt.

My first reaction was one of disappointment that an opportunistic raider would pick up IOG on the cheap. Now we have the outright rejection from IOG which reads well. So my second reaction is that RR, by launching a bid for IOG whilst in the midst of the Marathon acquisition has, in so doing, shone a light on the exceptional collection of assets that IOG hold. So i see this playing out in one of three ways [1] RR being forced to pay closer to 30p [2] counter bidder[s] pushing the eventual takeout to around 40p or [3] a credible farm-in deal on attractive terms. Rock Rose may have, inadvertently, done us all a favour by highlighting the value here.

If Rock Rose do make an offer at 20p i would hope that this is not the end. IOG have been unlucky & if they do succumb to a takeover then the offeree will likely get them on the cheap. So, a flat rejection may force RR to revise their offer to say 20 - 30 or maybe the likes of Enquest or Premier may come knocking. My hope is that they do not go for less than 30p.