The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
As we have the 40th anniversary of the commencement of the Falklands war on April 2nd, expect the usual sabre rattling in the Argentine until June 14th. Now would not be the time for any announcement on oil in the area.
The late Friday RNS was very encouraging, a 3.02% holding from Azvalor Asset Management SGIIC SA. Their quote from webpage reads . "At Azvalor we invest in real assets, not in stock tickers. We invest in quality companies with good businesses and sustainable competitive advantages, led by capable and honest management teams that have shareholders’ best interests at heart, and whose intrinsic value is not reflected in their stock price."
https://www.azvalor.com/en/
Hopefully the 1 share sell today is Bellers raising funds for a sharper mower blade. ;-) . DYOR. GLA.
Eric reported "Bonanza grade gold". Hole 237, 6m @ 219.5g/t Au, and 1.5m @ 440.5 g/t Au, hopefully drilling 200m to 400m will improve the results.
Has the election result put the brake on mining activity?
https://www.express.co.uk/news/world/1420048/Greenland-election-result-mining-Inuit-Ataqatigiit-parliament-Kvanefjeld-mine-evg
Somehow I don't think what you are expecting is likely to happen. I have had a similar experience with PDL. Albeit not being not a reverse takeover but big financiers coming to the rescue. Despite project fear from major de-rampers, overnight, the debt disappeared, the number of shares went from c800m to over 9Billion. The Mcap went up major holders declared and shares went up. SP now 1.6p , debt swap price 3.4p. Now might not be the time to press the sell button. DYOR
Regards
Neil
Call me cynical if you will, but I think this might be 'Environmental virtue signalling' a.k.a Greenwashing. This is to get us through COP26 in Edinburgh without too many difficult questions. Then, when the dust is settled, it will soon be business as usual. DYOR
A Lawntastic day, who knows I may soon be able to afford a bottle of T.G.
I indicated a possible gross value for the Ombrina Mare arbitration here on December 24th. The determination would be based on the Mcap then, the price of oil then, expected profits going forward and any losses due debt / legal costs etc. I put a ball park figure of £250m - £350m. After legal costs the resulting share price should be above where we were before the insult. DYOR Neil.
The problem I am wrestling with is the following. Why would a person or company or financial entity wish to pay off hundreds of millions of Dollars of debt for 91% of a company with an Mcap of $15m. Maybe they are focussing on existing diamond inventories and revenues. Therefore the Mcap would increase accordingly. DYOR
With Brent on year high, and trading at $20, the shorts are working very well against true investors.