The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Who cares, our shares are worthless anyway
Why do people think this is a disaster because of a delay till next year, there's only 34 trading days left in the year, the MM's dropped the price by around 40% without a share traded, the only sellers today are the people who bought in around 80p, it looks like no one else has sold, all these gloaters will see this recover by Friday IMO.
Total over reaction here all to this: Due to uncertainties around the timeline for resubmission, we therefore no longer expect the trial to commence before the end of 2022.
There only just over 30 days trading left in the year, this will recover this week, the only sellers are the people who bought near the opening bell making a quick 25% or so, this will recover by Friday ino
This price pull back just looks like a knee jerk reaction, if I truth were known GSK probably never had any intention of doing anything with SRA737, handing it back doesn't mean it cant be successful and it probably will be, people were hoping for the quick buck, which is nice, but I feel it will come and in the medium term imo
How can the drill be unsuccessful when it’s an appraisal drill we know the gas is there the drill is only to find out how much is there
This deal is totally pointless, I have been in here since we were in Canada with REEF, I am around £130k down my shares are practically worthless, why don't we loan the money and take our chance of progressing Tanzania, it makes no difference to me if this goes bust at these levels and it has no chance of recovering without Tanzania, rather than sell the asset I'd rather go bust because the alternative is worthless. imo
Does anyone think the Zubairs could now come with a counter offer, maybe 20m upfront. would still be very cheap and would keep Wentworths nose out of the Zudairs business