The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Dave,
You really do have a backwards way of looking at things. If you stop trying to convince yourself that you were correct not to invest and look at it objectively then you would conclude like everyone else that this is not only an outstanding deal but also a line in the sand, putting all of the naysayers like yourself to bed.
This is the first of five such transactions which will pivot CRTM from being a cash-shell investment vehicle into a polymetallic producer of critical metals, selling into a commodities super-cycle within 6-9 months. What you had here, was the opportunity to be involved with an ambitious and driven board with their significant reputations and personal capital at stake. You passed on the opportunity and that's fine, we're all entitled to our opinions and choices and it's what makes a free market.
However, at this juncture you should now realise that you called this one wrong and step away from the keyboard. Your endless attempts to de-ramp would appear to be nothing other than a futile attempt to justify your position and console yourself. If you really are still interested in the journey then I suggest you re-visit the telegram group and absorb the dialog of the last 24 hours, mainly from Russell himself. Perhaps you may still want to hop onboard when we relist, alongside many other PI's and institutions now that our path is being carved out for all to see.
If not, then good luck with your other investments but please, do yourself and everyone else here a favour and refrain from trying to endlessly bring this great company down.
Best, Nate
Keep hoping for that dip Dave, nothing quite like the presence of de-ramper's such as yourself to start a week. When others such as yourself have FOMO, it always amazes me the lengths you'll go to to try and negatively influence others. It's sad really. Nobody actually believes you have a holding Dave, it couldn't be anymore glaringly obvious what your motives are and if nothing else its humorous for the 99% that see straight through you.
To think that paul ryan the ex-chairman sold the majority of his stock @ 5p off the back of a scandelous pump to fleece PI's... I'm amazed that he doesn't get more stick here and that the focus is mostly on tb for his devious traits...
Ivans,
Thanks for this, just had a quick look at ORM. I've been following their story for a while now but hadn't looked at them for a while after their failed transaction and therefore hadn't noticed the sp slip to where it is now.
I can see assets of circa £8m but only £130k cash. Apologies if I'm missing something here, how much cash do we recon ORM have in the bank?
Will have a look at the others later on.
Thanks
I like the look of this as spac but the value from here will be in the rto.
£2m cash, mcap £5m, trading @ 2.5 times cash as much as you're going to get from a spac in the current market.
If it does trade any higher initially then it'll just end up back down at it's fair valuation so looks like it has good potential if holding for the rto and could even take profit early if it does rise beyond it's fair value. An interesting play here.
I only discovered this share off the back of the proactive interview yesterday. Only 60m shares in issue, 7m mcap and fully funded for this seasons drilling. I have some dd to do but it's looking likely that I'll take a position here.
Richthenewbie
Precisely. Nobody can say they weren't warned. It has been spelled out in numerous rns updates now. This is still a remarkable price considering the detail of the update.
Nate
Dave, stop being nieve, your negativity isn't going to get you a cheaper entry. If you're part of the telegram group then you know exactly why today's sp is still a very cheap entry. Stop playing silly games, your de-ramping isn't going to sway anybody's decisions when they have the facts at hand.
Seller cleared and the ascent has resumed, at least it explains the sp action this week
£209k... not punt money that's for sure
so who sold the other 325k then? transactions were only seconds apart
Hmmm, I'm not so sure. I bought in on the last RNS with a long term outlook, however, somebody dumping north of £1m of shares is not exactly what I was anticipating here, let's see what the rest of the week brings.
"‘Buy’ Recommendation, with a target price of 6.1p per share"
"To note, this is a pre-discovery and resource
statement(s) valuation and will likely be revised upwards if a major resource
deposit is discovered. "
This is only going up from here and hopefully with some haste.
Nate
Mr Tomato,
The day the placing shares drop should result in a drop, but it rarely does in reality. I've waited patiently countless times for 'the drop' on the admission of new shares only for the sp to keep climbing and have missed my chance for the cheaper top-up / entry.
Nate