The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Sadly I fear you may be right Rktech.
There must be many more people interested now at $100 oil - the Beluga deal was done at $40 oil!
Could we source the $15m from a partial farmout in Namibia I wonder? Then 100% of Cameroon would be for us.
The Myanmar withdrawal is probably to do with the politics there, but today they announced:
"TotalEnergies E&P USA, Inc., announces its decision not to sanction and so to withdraw from the North Platte deepwater project in the U.S. Gulf of Mexico.
The decision not to continue with the project was taken as the Company has better opportunities of allocation of its capital within its global portfolio."
https://finance.yahoo.com/news/u-gulf-mexico-totalenergies-withdraws-083600081.html
LOL. I turned 50 recently and got fed up with managed funds etc. that I had in my SIPP.
I got brave am now in 6 things only. My broker emailed me yesterday to warn me that I wasn't diversified enough - lol.
Like you I've been thinking sod it - give it a go - it should go well - why not - keep all your eggs in one basket but really watch the basket.
Mediocrity and diversification is boring!
Nice size holding RoxburyHouse.
It is my largest holding too and I wondered if you had an exit strategy?
I can see that this should get back to earning £50m+ per year, and if like ShoeZone it corrects towards a PE of 10 then that is over £1.50 per share from the current 59p.
Do we sell at £1.50 ?
Lol.
I agree - I am not completely sure of the legal obligations - do companies have to declare they own shares if they are also are short? I had assumed not if the shareholding was below the 3% notification limit. They can definitely be a separate trade eg. 1 million shares short on a CFD account and 1 million shares bought in a normal share trading account is effectively a net zero.
A short can buy shares and reduce their overall exposure too. So with say a notified 1.5% short and then buying 1.5% of the shares it's a net zero liability with only the short notification visible.
I would imagine that's what may have been done in the aftermath of the recent trading update. Weak hands and stop losses were taken out by an 8.00am short attack and the sold shares were mopped up in the low 50's. They may not now be 'short' in reality.
All IMHO.
Great post Bondsan - I can't wait for the results from Graff and Venus!
If this goes well I think there are up to 800 million warrants and options to come so assuming no more dilution (please!) I make the total around 3.4 billion shares. I'm all for a consolidation from there.
Car3y - would you be able to tell me what a PI would need to do to get involved in fundraising and warrants in a company like TRP?
I have invested here several times and would have definitely done so if there were warrants attached. Thanks.
Stevebt - I agree PSN looks very good - but not just as good as this IMO.
I personally can see CARD much higher in the future with good dividends. Moonpiggy's shares look very expensive to me - if CARD can fix their online offering and adjust pricing for inflation then we might look back in a few years time and be amazed at the current price.