The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Scottytom
You posted in response to my contempt for regular cannabis users that you -
"Haven’t seen such stigmatised views on cannabis in some time, often I wonder how it isn’t legalised yet, then remember these types of people make up a large proportion of the voting and political population."
I've decades of experience with cannabis users who have trashed their entire lives with it. A huge percentage of users become mentally ill with psychosis ( permanent delusions) and the life destroying mental illness Schizophrenia is also triggered in a high percentage of regular users. Schizophrenia has a 25% death rate from suicide.
Also the tidal wave of knife crime is largely driven by the use of cannabis. Teenage knife murderers were almost unknown in previous generations; now there are hundreds. Regular cannabis users become mentally very unstable as they withdraw from their last joint until they can top up with another joint. Often they can't do that quickly enough as they have run out of money to buy it or just can't get hold of some from a dealer quickly enough even if they do have the money. They are unable to control the increasing aggression even temporary , daily, cannabis withdrawal produces - hence prone to fits of uncontrollable rage often resulting in a stabbing. And if you don't have to deal with a knife wielding mental case loads of people find those withdrawing cannabis users horrifically nasty when they have anything to do with them and their violent & deluded behaviour.
While it is true Blackrock are a very large investor, this mentally backward self important twat of a woman is just using that to constructed her demented, meaningless diatribe. People like this feel inadequate, a lot of them because they smoke cannabis which causes immense damage to mental health & all thought processes. And inadequate people like publishing endless garbage all over the internet because it makes them feel less inadequate.
If you stand back from all the hysteria about Russia invading Ukraine & think about all the possible outcomes & how the EUA shares will be affected, the following seems fairly obvious.
- Providing Putin doesn't use nuclear weapons & he 'wins' by 'defeating' & occupying Ukraine the continuing Worldwide sanctions will decimate Russia & Putin ultimately can never stop the Russian population finding out what mentally deranged thugs & liars Putin and his cronies have been & the huge damage they have caused the Russian people. The Russian people WILL consequently get rid of Putin - probably sooner rather than later.
- Providing Putin doesn't use nuclear weapons & he 'loses' & is forced to retreat from Ukraine exactly the same will happen. The Russian people will discover the truth of how badly they have been manipulated and lied to about everything while Putin & cronies brazenly stole billions from the Russian people & destroyed Russia comprehensively by starting a vicious, murderous & entirely unnecessary war based entirely on a pack of pathetically childish lies.
As long as nuclear weapons are not used Putin is so ignorant he doesn't seem to realise that whatever happens from now, he will be forced to go - very possibly by means of a bullet in his head or a Novichok ****tail arranged for him by one of the thugs he has surrounded himself with.
In any possible scenario Worldwide pressure will force out Putin at some point & force Russia to make reparations and reform itself into a more open & democratic State less likely to spawn moronic Dictators in the future.
And in the long run EUA will survive intact, or if stolen by Putin will be returned when the ignorant fool is finally got rid of.
If it does come to an end with 'talks' then Putin will still be forced out or assassinated eventually by someone as billions of people Worldwide are so disgusted with his repulsive & primitive behaviour causing Worldwide damage plus epic numbers of deaths & other human tragedy in Ukraine.
If you stand back from all the hysteria about Russia invading Ukraine & think about all the possible outcomes & how the EUA shares will be affected, the following seems fairly obvious.
- Providing Putin doesn't use nuclear weapons & he 'wins' by 'defeating' & occupying Ukraine the continuing Worldwide sanctions will decimate Russia & Putin ultimately can never stop the Russian population finding out what mentally deranged thugs & liars Putin and his cronies have been & the huge damage they have caused the Russian people. The Russian people WILL consequently get rid of Putin - probably sooner rather than later.
- Providing Putin doesn't use nuclear weapons & he 'loses' & is forced to retreat from Ukraine exactly the same will happen. The Russian people will discover the truth of how badly they have been manipulated and lied to about everything while Putin & cronies brazenly stole billions from the Russian people & destroyed Russia comprehensively by starting a vicious, murderous & entirely unnecessary war based entirely on a pack of pathetically childish lies.
As long as nuclear weapons are not used Putin is so ignorant he doesn't seem to realise that whatever happens from now, he will be forced to go - very possibly by means of a bullet in his head or a Novichok ****tail arranged for him by one of the thugs he has surrounded himself with.
In any possible scenario Worldwide pressure will force out Putin at some point & force Russia to make reparations and reform itself into a more open & democratic State less likely to spawn moronic Dictators in the future.
And in the long run EUA will survive intact, or if stolen by Putin will be returned when the ignorant fool is finally got rid of.
Because it treats users with breathtaking contempt. Right now a huge black box with a tiny advertisement in it covers nearly all the content, making it not really possible to use the bulletin board at all.
People who produce this sort of incompetent, insulting software just take your breath away with their demonstrations of mental inadequacy.
Putinrocks
You vomit the same sort of drivel that Putin & his his fellow thieves spew. Russian is run by a bunch of thugs who steal from the Russian people. It is a revolting Dictatorship of pure violence & wickedness & cruelty that is a disgusting blot on humanity & has no place at all in the modern World
Other thoughts ? YES ! It's a genius RNS using the Ukraine invasion crisis & very trivial Kola news already previously given us anyway as an excuse to tell us the deal & 'liquidity event' is virtually complete & looking good.
All that metal in the ground can't go anywhere & the Ukraine crisis will resolve in one way or another. In the worst case scenario of moron Putin initiating hostilities & China aligning alongside that ****** the various pressures from the entire rest of the planet will sort those two backward, inadequate & primitive countries out eventually.
This modern World we live in is quite different from the 1939 one & while it still doesn't yet preclude childish & primitive violence by mentally backward dipsticks like Putin & China it would never be tolerated by the rest of the World in the longer term & they would have very heavy penalties to pay eventually.
Also spent every penny I have in the bank on topping up this morning - only 7p left in my bank now - Yippee buying EUA now is a no brainer !
To Bolitho
How can you write such drivel ?
The Energy Companies are greedy, dishonest, devious, immoral & nasty
WK alone is, right now, hurtling past annual revenues of £100 millions.Neo is a total idiot
I did twig that the only signifigance was Dimity's activity & so I was trying to look for confirmation of that. My whole point is that Twitter is so disgustingly ignorant, it is impossible to understand the random jumble of gibberish it deliberately splats onto it's web pages. I just don't understand why anyone is prepared to have anything to do with sites like this & Facebook and many, many other sites which are also appalling, just not quite as nasty as Twitter & facebook.
For instance, the website us lot use to communicate on !!! People who produce websites think just because software enables unlimited & ruthless manipulation & exploitation that makes it OK to totally abuse the users of those websites. That is immoral and completely unacceptable & disgusting behaviour by website producers. They are really taking the Mickey out of the public who use the internet.
Can someone please explain what this disgusting garbage that is twitter is saying here. At first it is totally incomprehensible, but after spending & wasting a considerable time trying to look for clues I twigged that EM_INVESTOR 'might' be Dimitry Suchov. But when I searched & found that Twitter account it appeared the last tweet was on August 31. And the really, really disgusting way the graphic design of twitter is deliberately made to be utterly ludicrous just makes me detest it - which is why I never, ever use sites like that; Facebook being another poisonous load of rubbish.
How old was this Scott guy ? I can't find any real references to his existence at all.
Why will it be a nightmare
Neocantus
Jerk
From my experience of the corporate world publicity business & the perceived need to 'manage' important news like a takeover, merger or in this case major asset sale, it seems completely obvious EUA are very, very likely to be using the Russian conference on Monday November 22nd as a 'hook' on which to 'hang' their announcement of the deal being agreed, finalised and signed on the dotted line. Otherwise why on earth would Dimitry Suchov be there ? It would have been plain 'dumb' to have missed this opportunity to maximise publicity.
And the (temporary) withdrawal of the video, together with the NN one is also another screaming clue that if this announcement was scheduled for Monday with an RNS at 7a.m. to kick things off for the conference immediately following that, and both NN & EUA & all the army of 'advisors' - lawyers, bankers etc etc will be working throughout every waking hour during the whole weekend before Monday to organise everything - including video content.
I've just spent ages looking at the EUA website & the ACF report on the ACF website and trawled through EUA RNS's to try and get some idea of how many millions of ounces of Platinum or Palladium EUA have now or might have in the future only to find everyone seems very coy about supplying information on reserves & resources of PGM group metals. All I managed to find was a mention of 104 million ounces for the Rosgeo JV & 15 million oz either at West Kytlim or Monchetundra, I forget which. If the information is there I haven't found it - and that means those websites are designed & written by illiterate halfwits.
So, as I've been completely thwarted in finding out the correct information on which to get some idea of the real value of EUA now & in the near future I'll to simply make an informed guess using a figure of 100 million ounces of PGM group metals that EUA have to dig up - just to get a ball park concept of EUA value.
100 million ounces multiplied by $2000 per ounce is $200 billion. $200 billion divided by the three billion shares in issue equals $66.66 per share value in total after it's dug up & sold, assuming an approximate average $2000 per ounce after AISC.
But it actually looks like we might eventually have maybe double that 100 million ounces to dig up as future resources are proved up. So that might mean each share of that is double $66.66 making each share worth $133 .33.
So that now puts a perspective on what we are actually selling. We are selling stuff worth maybe $133 per share after it's dug up & sold over maybe about a 25 year life of Mine. That's about $5.32 potential dividend/profit per year for the 25 years it takes to dig it up.
Selling that $133 asset of ours now for 5% cash up front today to save shareholders the bother of waiting to dig it up would mean $6.65 per share cash now or $3.3 per share if all we dig up is 100 million ounces.
So, given my approximate calculations here as a guide, what does everyone else think EUA is worth now and in the future and therefore what would be a reasonable approximate price for us shareholders to sell our asset for cash in hand today ?
I will read all the PXC RNS' but can't now. In a sentence how come its 10+ bagger cos if it is how come loads of investor's aren't piling in. From the little I have seen I agree with you so far, but just trying to pick your brains.