The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Oh well, im out!! 2 things i shuld have done....sold yesterday at 16.29 for 10% but got greedy....should have got delayed and sold ASAP this morning even if it want 7.75!! Still £500 for 1 days work isnt too bad....profit is profit and GL all holders!
I agree, although admit to selling a third earlier...got to lock something in. If it doesnt, no worry for long term holders as yesterday was just he tip of the iceberg. I for one have no cash and this is Barclays ££ hence reducing risk. Keep the updates up Summers and GL all
http://thesharehub.com/?p=200 Commods only
Dont look at the sp....what you have to look at is the MCap to make that decision (although shares in issue are very similar)...but there is still certainly value there. How about BZT (yes i am in it - not ramping just showing comparison) with 4m oz (mainly a copper play) and MCap of just £20m!!!!
I also spoke to FD about 5 minutes ago and the woman i spoke to didnt even know the name of the company and had to google it. She then passed the phone on to a man who said interim results / operations update towards the end of September which 'might' include Colon3 ST if results are available, but if they come out before hand, then they will release them then. Nothing new really. I sold out today and will buy back in when they are a bit cheaper as i think it will drift with no news (knowing my luck a gushing RNS comes out first thing!) but there is support around the 59 region so who knows!!!
Well back in Feb the "resource update" was 6.1mmbbls which valued us @ £85m So with 89m shares and and sp of 82p that = £73m mkt cap So one could argue we're still a tad undervalued. .......................... But as I have previously stated, PELE want to reclassify 11.4mmbbls of 3P to 2P, now 5mmbbls of this was for the colon field, so lets take a conservative approach and say they just reclassify this That would give us 6.1 + 5 = 11.1mmbbls 85 / 6.1 x 11.1 = 154.67m 154.67 / 89m = 173.78p ...................... THIS IS NOTHING IN FOR ANY OTHER FIELD ( LA OR SANTA LUCIA WHERE WE HAVE HAD SUCCESS) NOTHING IN FOR THE NEW SANDCHANNEL (3TIMES THE NET PAY OF THE UPPER, WHICH THE UPPER WOULD MEAN 2 + 5 = 7MMBBLS, SO IN THEORY THAT WOULD MEAN 2OMMBBLS FOR THIS NEW FIND) NOTHING IN FOR SERAFIN GAS, THE PIPELINE OR PUTUMAYO (7LEADS EACH POTENTIALLY 5 - 15MMBBLS) ................................. If you cant see why the BOD invested $25m & an additional £174k, then u shouldnt be in this game ! AIMHO DYOR GLA Dicko
As you are a bit lonley....good read from 'dicko' on III : "The Oil & gas Industry is renowed for Insider type trading by BOD… MATD issued options @ 46.16p on the 13th July and the find of oil announced on the 15th July, sp went up 300% and now sits @ 133p... PELE directors, predominately those related to Tribeca invested $25m plus Juan Carlos added an additional £147k @ 50p, 3/4 weeks after testing commenced of a new untapped sandchannel….... "In addition to subscribing for the abovementioned Placing Shares, Rorick Ventures Group Inc ("Rorick"), a company associated with Juan Carlos Rodriguez, a director of the Company, has acquired 294,504 Ordinary Shares from Dignam Holdings Limited at a price of 50 pence per share" ……………………………………………………………. Who are Tribeca ? Tribeca Partners is Colombia’s first private equity company, is based in Bogota and invests in companies focused upon the emerging economies of Latin America. Petrolatina is their first investment in the energy business and the company asserts that it is a long term holder looking to consolidate the fragmented oil and gas industry using Petrolatina as a vehicle. Tribeca has been influential in putting Petrolatina back on its feet and leading the recruitment of senior management. Tribeca has two representatives on the Petrolatina Board - Luc Gerard, founder of Tribeca, as Executive Chairman and Ciro Mendez as an Executive Director. Additionally, it has brought in Juan Carlos Rodriguez as President and CEO of Petrolatina (8 years as President of Petroleos del Norte) as well as significantly bolstering Petrolatina’s operational team. ........................ WHY THIS IS VERY SIGNIFICANT......... EVO broker note... "However, rather than draw down additional debt and trigger the issuance of further warrants we believe that Petrolatina will look for fresh equity, something that it has alluded to in recent press releases. If this were to happen we would not expect Tribeca to participate pro-rata thus diluting its holding." ................................. ask yourself why Tribeca would want to dilute their holdings with news around the corner ? ................................ "Having met Tribeca we understand that they are unlikely to participate in any further fundraising." ............................... again ask youself, why would Tribeca change their mind after 3weeks of testing the new sandchannel ?? .......................... and US$3.5 million gross by a company associated with Juan Carlos Rodriguez, a director of the Company (the "Placing")" .......................... So 3 directors ploughing in $8.5m 3weeks after testing commenced of the additional sandchannel..... and again ask y