Member Info for Nicktheshred

Look at ISG ... Take your money and run!

The dividend is pretty pathetic compared to other FTSE 100 stocks and any profit you make from this stock will only compensate you for your energy bills doubling. How British Gas can 10 bag its profits for H1 at everyone's expense is unpalatable.

Don’t hold your breath. Still awaiting the 2018 drilling results and TEO aren’t we?

Great trading update. Lots of carrots dangled, plenty of blame an finger pointing and not a shed of accountability.

If the board knew what it was doing it wouldn't need Lazard to tell them how to run its business! Love to be a fly on the wall when Inland tries to re-gear its loans at ever increasing interest rates.

RY has been at Amur for 18 years! He's 67 and looking for retirement ... Smell the coffee, most boards don't care about retail investors as long as they line their own pockets. Sirius Minerals all over again.

It’s done, the same with any investment in Russia. Bonds are now junk status and hyper-inflation on the way. Won’t be long until wheelbarrows of cash are seen on the streets. An investment in North Korea is more attractive.

I’d happily see this go to zero if it meant the people of Ukraine were left in peace from that deranged murderer.

Who’s investing in Russia now? It’s uninvestable - economy crashed, Ruble crashed and a generation of Russians will pay the price for one man’s actions.

Some things are bigger than retail investors with enough spare cash to gamble it on mining stocks.

With you Ukraine!

Our dear Simon has held a buy rating on this share since forever even during its 2019 highs of the 80s and it still under performs.

These "recovery plays" rarely work out well as investor sentiment has already gone. When there is such a discord between the NAV and the market cap valuation there is clear distrust in how the company is run and no return in sight unless the poultry 1-2% dividend is reinstated.

A buy out is the only way you'll see a return a this share in the next 5 years. Move on.

Large director sales within the last month. Why sell knowing there is ‘deal news before Christmas’?

Today's drop is a result of all banks getting hammered today from the release of the FinCen's 'Dirty Money' report in the US. The key difference is that Lloyds is U.K. focused and isn't one of the banks named in the report (HSBC, Barclays, Standard Chartered etc.)

We've been unfairly tared with the same brush and I see these dips as nothing more than a prudent buying opportunity for myself and medium - long term hold.

It’s a buy/top up and 2 - 3 year hold for me at these levels.

The last time it was trading in the 20s was 2012 and was then back up to 80 in 2014. No dividend sure but if you’ve the got patience it’ll be back in the next couple of years.

Bank stocks are always the first to fall in recession, the fundamentals of the bank are good and once this has blown over in 12 - 18 months we’ll be laughing.

Positive energy!

Price rise is surely linked to the director buying in the RNS no? If so it wouldn't be linked to any news as they'd be in a blackout period.

Can't even get a quote to sell from Hargreaves to have a nibble at an offer to sell but amazed it hit 69p this moring!

Hi Lucando, how do you see a JV increasing the reserve? We already know what's there we just can't get it out yet.

Unless they'll reciprocally give us access to any existing assets/fields it has, the benefit of a JV is to partner with someone who is more experienced and better equipped to finally get this moving and get the stuff out the ground. My concern from the RNS is the near 100% dilution with new issued shares to cover it.

But maybe I'm just a bitter former SXX shareholder ...

"This was always likely to be a finite investment"

You having a laugh?! You've run a one man bulletin board on this share for the past couple of years piping off the directors and the long term prospects for this company! So much so that I was wondering if you were actually one of them or at least worked for the company!

No panic selling here. Just a fatigued investor of 6 years who's seen nothing but share price decline and no return. I simply don't have another 5 years of tolerance in me just to end up breaking even whilst watching the hapless directors drift off nicely into retirement with my investment.

Good luck with that Vulcan ...

The share price has been below NPV for several years because MXC lost credibility over the insider trading and accounting manipulation at Redcentric: https://www.sharesoc.org/blog/red-faces-at-redcentric/

Coupled with no actual return to investors in terms of dividend or value and it makes this share just another tragic AIM clusterf*ck run by incompetent directors who don't care about shareholders. I've sadly been invested here since before the Redcentric scandal and sold this morning for a 65% loss!!

Read section 2 of the RNS ... the company is being wound up within 5 years.

"The Investment Return will continue until the Company ultimately exits all of its investments, at which point the cash remaining in the Company will be returned to Shareholders and the Company wound up. The Directors currently anticipate this will occur within the next five years."

Welcome the recent rise but we're now only back where we were 3 years ago MCAP wise. Share buy backs are intangible to shareholders and are largely invisible to their impact on share price.

Only initiating a dividend (even a special one) will see the share price align itself with NAV again!

Bore off Zoe.

Can see this being pushed back to Q4 or even Q1 as "when conditions have improved later this quarter." is an optimistic statement with a no-deal Brexit and possible short recession on the horizon. If its in your LISA like me I wouldn't worry about short term drops and look at a 30 year game plan!

If you've been invested for 3 years you would have seen the rise to the late 40's in 2016 and even last year's highs of 36 which would have given you triple and double your investment respectively.

Even yesterday's closing price gives you a 10% uplift on your investment which you'd be happy with?

Any mining company is a slow burner but you'll get your rewards one day with patience. Put it in your SIPP and forget about it for 10 years or sell it and take a punt on crypto if you're after quick returns.

Agree its always positive but the last director buys were 2 years ago at 1.8p following which the share priced dropped to 1.25 for 18 months ...

Sadly holding an average price of £1.25 (2.5p) and I'm reluctant to invest more as its difficult to see what's going to move this share back above £1 (or 2p) without a special dividend to get some investor attention.

According to Investors Chronicle website, as of 31st July 2018 Woodford held 14.3m shares - 18.21% of the company. Circa 18 months ago he owned 29% of this company, so its clear he's selling down.

Doubt he's sat back and watched this drop from 30p to 6p in the last 5 months though so may have sold further.

Surprised this one escapes the publicity of his recent heavy loss trades!