Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
JM,
Who said anything about altruism? It's about being about to read a board that has not been hijacked by a group of rampers who post outrageously unrealistic expectations about a share price on a daily basis and label anyone with an opposing view as a 'troll'. Has not happened yet with BPC but I have seen it so many times on LSE, especially with small O&G coys - AAOG was a great example!!! Makes reading the board a waste of time.
Hasn't happened yet on BPC (barring one or two somewhat 'over-optimistic' investors) - let's keep it that way.
BTW - the entire stock market operates on greed. No one is here to make a loss.
Everyone has an opinion but blatant ramping of a share is not acceptable - see the SOU, MTRO, AAOG boards for the worst extremes with people posting absolute nonsense for prolonged periods of time. SOU and AAOG have now effectively disappeared and MTRO remains deep in a ditch, all in contradiction to the rampers outrageous predictions (many of whom then boasted that they had sold out before the collapse....). Any poster proclaiming that a 5p share will move to 800p etc etc is living in fantasy land and, if others make the mistake of listening to him, can only lead to disappointment.
Positive yes; extreme ramping no.
400p+ on a 5p share? OK, now I have been transported back in time to the old SOU message board.
Good luck with 400p - don't buy the Merc on credit.
This board is beginning to sound like the SOU board a while back. It might be a life changing investment but also it might not be - so I am taking profits at every +50% (from a very low cost base). Yes giving up potential profit, but + 50% / 100% / 150% etc. Is nothing to dismiss. To each his own strategy.
Sj999,
Yep I own shares but it does not make me blind to what is happening and, as said before, you don't need to love the driver to sit on the bus. Just because I own a share, that does not mean I will endlessly ramp it (unlike some on LSE). And let's be honest - nothing said on LSE affects the share price in any case. It's just a forum of opinions.
Having said that, PMG (and its management team) is what it is. It is revenue earning, cash rich (I think) and undervalued. The SP 'should' rise in recognition of this, and when it does we will all be happy. Until then, I will just keep questioning the many brazenly self-enriching actions taken by TC. After all, it's my money he is messing with. Were we all making profits we could forgive his indulgences as compensation for a job well done. Since he is making money and seemingly by his actions we are not, we cannot.
Isn't this another James Parsons Project? What did investors expect? The man has repeatedly shown that he is a total fraud. One of those people who drift from one AIM resources company to another, collecting management fees and scalping PIs.
Tyla,
Why hugely undervalued? Reasons include:
1. Lack of institutional ownership. Institutions that take a large part of a small coy like to have a degree of control - not possible with TC at the helm;
2. A perception of poor governance and a belief that PMG is simply Tom and Linda's piggybank. As indicated by:
- dubious loans to a RP coy for 'strategic information' from the same person who is head of the company. So what is he doing then in his role as head of the company?
- dubious 'strategic acquistions' from VERY related parties that includes completion of a luxury property now being paid for by shareholders. And did the above dubious loans form part of this transaction?;
3. So the main demand is from PIs, who have seen:
- no return on their investment after 10 years. No share appreciation, no SBBs, no dividends possible. The RP individuals with large holdings hardly care about the SP ATM given what they extract from the company though other means. Perhaps when they finally retire they will care;
- dilution (this is AIM, after all):
- a BOD that simply shows zero interest in shareholders. Half way down the first RNS page on LSE, the reader has already left 2019 behind!!!! And most of the non-standard RNSs are about related party transactions involving TC. The interests of shareholders are rarely, if ever, mentioned by the BOD in their bland 'progress continues to be excellent' statements.
So the share remains hugely undervalued. My take however is that the high 30's/40p is the bottom (famous last words) and that, as income improves and progress is made in the various projects, the market - which has a goldfish memory where money is concerned (especially on AIM) - will forget the above dodgy loans and acquisitions and absolute lack of concern for PI shareholders, and move the price higher. If not, well we are all f........
If the share is only up 12% to 54p on the RNS, it shows a lack of confidence by the market in management and the result of the eventual (potential) transaction. As a holder happy to be wrong, but this implies that a final price of 100p+ is seen as way too optimistic.
Posters saying that RNS's are unnecessary in times of volatility should look at the recent case of i3e. The share was collapsing on rumour, management issued an RNS that said nothing but simply reassured the market and the share has recovered 30% in 2 days. That HUR management had done the same in the 30's......
If it stops the price decline it's not meaningless. HUR management watched the price fall from 50p+ to 25p for no obvious reason specific to HUR and said nothing. And now the share is at about 16p - perhaps they should have said something sooner.
Illaquens,
I was invested in this company long before (I'm sure) you knew it existed! Well aware of its ups and downs......
Anyone looking at PMG's success in monetization for shareholders needs look at the 2 year chart (or 5 year chart if you are a masochist). Contrary to what people are implying, this is NOT a new company.
To say that TC has minimal influence because he is not a majority holder is like saying that Pol Pot had limited influence on the Khmer Rouge as he was never officially introduced to foreign powers as leader of the party. TC does what he wants, as demonstated by the vegan farm purchase.
And it does not matter to investors what the assets are theorectically worth if the market refuses to pay for their full value. Perhaps investors should ask why that discount exists.
Disappointed to see the SP back to 39p but that's AIM. Maybe Tom will recruit some leprechauns and find gold under the vegan farm so that the price will (temporarily) rocket. More realistically, perhaps PMG will finally get it together for the benefit of shareholders rather than management. As said by many, patience is required on PMG.
'A great company'? When did you invest - yesterday? This was 3p not too long ago. Now it is 1.5p. That's a recovering company, not a great company. Welcome to AIM.
It has taken me a while to realise that AIM is virtually uninvestable. You buy into a 'good' company, it tanks for either a reason you never imagined (eg XLM) or for a reason you see but don't fully understand the huge resulting drop (eg. HUR), you average down because the fall seems unreasonable based on fundamentals, it tanks again, you.....etc. etc. And eventually your exposure on a cost basis is way over what you had initially planned.
The money I have made on AIM has generally been through pump and dump on events rather than specific companies (SOU, 88e, IOG etc.) - most of the the money I have lost on AIM has been on 'solid' investments. Conclusion : AIM is for fun - the main LSE is for serious investment.
HH963,
Speaking to the converted. This 'quiet diplomacy' of TC (ie. Ignore investors and don't tell them anything) simply does not work. Was in PMG years ago and it went nowhere (except down). Got back in recently on the recent (sheep) dip as the coy seemed undervalued given assets held (except his wife's vegan sheep farm with luxury flats). And it currently gets more undervalued everyday. Obviously I should have taken the money at 49p and bought back in (yep, the only way to actually make money on AIM - pump and dump. My last 'serious' investment on AIM was XLM - another 'shudda-been, cudda-been' AIM disaster despite all the bright stories). I'll hold on with PMG, but have my sell-price penciled in.
Very positive article by Taylor Dart on Seeking Alpha regarding prospects for PGM. If interested, read before it goes behind the pay wall.
Jogoat and Timbremner,
With each additional message you post, you are both merely demonstrating to all else your complete lack of understanding of the English language and lack of education. Both from Liverpool, I presume. To make it so blindingly clear so that even the most ignorant can understand:
- it is your friend, Chief Cult Follower Alaric, who implied that the FSO and related costs were a waste of funds when he stated that pipe losses were entirely immaterial to operations. It is ironic that the same man is now posting what a huge benefit the commissing of the FSO will be to operations:
- I, on the other hand, presented figures to show that the losses were significant and needed to be cut.
If you are still both unclear about the meaning of the word irony, read the first line of Jane Austen's book 'Pride and Prejudice' (don't worry - it's all in small words). Or in your cases, comic adaptation.
............and going from SBBs and dividends to no SBBs and no dividends does not exactly encourage investment.
Not a techie, but just how long do these things take to fix - only, like, the future of the company seemingly at stake?
Another AIM duster after such a promising run. STAF, HUR, AAOG, EVE, SOU, ASC etc etc. All once popular and promising shares - the AIM graveyard is endless. Invest with caution.....
Today's OU shows that the coy's MC is way undervalued. However with the SP going from 22 to 29 to 23 (similar to the prior 18 to 23 to 19) , trading remains the preferable option until the market wakes up. Won't make you rich, but removes the frustration of a retreating price.