The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
@Bridge- yes l'm a bit irritated by such a large amount but it's par for the course in these small caps. Really hoping we can get cuda sorted at a good price. I think this will be a game changer. They can get the new pipeline built and hopefully ramp up production. This could then finance the drilling development. With cuda barring any catastrophes will completely derisk this and l think it will be the catalyst for a big move in the sp.
I think that is why Art wants Cuda so badly. The increased share will make covering the debt repayment a sure thing. I think he bought in the other day because he feels confident it's a done deal. If he gets it for a good price l think the market will like it.
Anyone can do what they like. There's nothing wrong with trading a few. If you spend all day watching this as some do it makes sense to trade a few. Personally I have a job so don't have the time. All I would say is that this could go on a run without warning or news.in fact l am expecting this to happen soon. I can see it running to 60p and then consolidating.
I remember another share l was in where a poster was on it all day but when there was some real movement he disappeared. The reason I think is they are concentrating on trading. Fair enough- Ironhide probably done a hundred trades since Art's rns. No time to post
@Bigbear, l guess the logical reason Art released the rns last week was because of the dire state of the share price. Not being cynical but maybe he knew the wonga lenders were going to keep selling and trashing the sp. We'll just have to wait and see. GLA
I guess that depends how much stock you have. I sold out of some annoying stock today to capitalise on the dip here, very pleased l did. Let's hope the next rns is another good one. December figures is next l suppose.
I feel sorry for the chaps over at ADV. They learnt a terrible lesson, never hold out for drill results on aim. What's going on here defies belief- this is like the market doesn't believe Art. Come on get that cpr out you plonker.