Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Tomorrow, I will log in to my II account and send a secure message to ask about this, but they take three or four days to reply, so it would very helpful and much appreciated if anyone can check their contract notes and confirm that they did NOT pay stamp duty.
Hi ripley, may I ask which broker. I'm wondering if this is just a mistake by Interactive Investor.
I think you are right GoldGeezer - in an RNS from SRB - "AIM: SRB".
First thing on Monday I will be on to my broker and demanding some cash back.
I'm sick of mistakes by Interactive Investor. A month ago I complained about several mistakes they had made. They gave me fifty quid as a goodwill payment. I wonder if I'll get another.
"AIM is part of the LSE. SRB is on the AIM market. " - my contract note for buying SRB shows that I paid stamp duty on my purchase of SRB shares.
I believe that stamp duty is not paid on AIM shares, so either you are wrong or my broker robbed me.
Did anyone else pay stamp duty on buying SRB shares? Thanks.
"In which case I want to hit a silly SP of 25p or dare I say 50p or more" - SHG shareholders thought the same, but they got a premium of less than 25%.
Should AAU get back to 4p, a 25% premium would give us 5p. Let's be generous and optimistic and say AAU gets to 8p and we get a 25% premium - so 10p a share. There is your wildest dream.
However, SHG was on the AIM. Is the ASX a marketplace that doesn't allow takeovers where the PIs get robbed? I don't know. * "robbed" is my word based on feelings about the SHG takeover, feelings that virtually every small investor in SHG had.
According to Michael Oliver, the silver rockets will take off in April - and last October his forecast for the gold price is close to coming true. At the time of his forecast gold was at about $1,950. He said it would make a $600 jump, so if gold gets to $2,550, his forecast was correct..
"Michael Oliver – The Mania In The Silver Market Is Directly In Front Of Us" - see his reasoning.
https://kingworldnews.com/michael-oliver-the-mania-in-the-silver-market-is-directly-in-front-of-us/
Accoring to Michael Oliver, the silver rockets will take off in April - and last October his forecast for the gold price is close to coming true. At the time of his forecast gold was at about $1,950. He said it would make a $600 jump, so if gold gets to $2,550, his forecast was correct..
"Michael Oliver – The Mania In The Silver Market Is Directly In Front Of Us" - see his reasoning.
https://kingworldnews.com/michael-oliver-the-mania-in-the-silver-market-is-directly-in-front-of-us/
I share his enthusiasm. I am pleased about the dual listing.
The City of London spivs don't care about supporting businesses, all they are interested in is lining their own pockets - but you didn't need me to tell you that.
About a week ago, on the business section of Radio Four's Today programme, the topic under discussion was how the London market under-values stocks. They spoke to a business analyst who said so, and to the boss of a biotech company that de-listed from the AIM and listed in Amsterdam. He said how the AIM didn't value his company fairly. He said that companies like his had moved to other markets and they were valued at 10 times, 20 times or even 50 times what they were in London.
Hopefully a listing elsewhere will see the company valued fairly. However it isn't guaranteed. On the SRB board. someone commented that on the TSX, the CAD$ price was the equivalent of 84p, but in London, SRB was priced at only about 62p or whatever the price was at the time, but it was somewhere in the 60p - 64p range.
"If management were planning a buyout they would not have interviews with financial journalistic promoting the company would they?" - I believe that Eric Zurin, the boss of SHG did hold interviews, so you are wrong.
My comments are not intended to imply anything about the management of SRB, nor about the integrity of Eric Zurin. He might well have believed that the offer price was fair, after all "fair" is a matter of opinion.
"Serabi closed at $1.44 on TSX yesterday equivalent to 84p a share" - see what I said about London fund managers and Kirkland Lake Gold.
SRB is on the LSE, but many small gold miners are on the AIM and that is worse for undervaluing companies. A few days ago, on the business section of Radio Four's Today programme this was the topic under discussion. They spoke to a business analyst who said so, and to the boss of a biotech company that de-listed from the AIM and listed in Amsterdam. He said how the AIM didn't value his company fairly. He said that companies like his had moved to other markets and they were valued at 10 times, 20 times or even 50 times what they were in London.
The City of London is corrupt. They don't care about supporting businesses and the British economy, all they are interested in is lining their own pockets - but you didn't need me to tell you that.
"to potentially bring forward plans " - SHG had plans and with years of hard work they successfully carried them out - but the long-term shareholders didn't get their just rewards. Buyers stepped in and snatched the company away from them.
"I sold for a very quick and healthy profit" - very nice for you, but I was in it for years. I stuck by it waiting for the good times to arrive. Then just as all the years of building a great company was about to pay off and the shareholders should have got their just rewards, it was snatched away, so your post carries a lesson Pedro - don't show loyalty, when you see a decent gain, grab the money and run and look for your next investment.
"Value is value" - true, and the buyers of SHG got a company worth at least 20p a share for less than 15p. What is 5p times the millions of shares? They took millions of pounds of our money.
"this is in the middle of a big rerate" - SHG was due for a rerate after the new mine came into production. The share price failed to reflect the true value of that, so the buyers got it on the cheap - which was, of course why they wanted it.
"the longer this share price goes up the bigger the price needed for a buyout would have to be" - I hope it does go up, but until it does, SRB could be taken as SHG was, and Amara and TSG. Yes, we should get more than today's price, but buyers want to pay less than the real value. UK fund managers under-value gold miners. Look at what happened to Kirkland Lake Gold when it was listed in London - no interest, day after day, week after week of no trades. The volume was so low that it de-listed from London and just stuck to its Toronto listing.
After that, the share price went up by 50 times - and the London fund managers couldn't see the value T0ssers.
ViciousHippo - " If you bought the whole business for £44m" - yes, it would be a bargain, and that's what the buyers of SHG thought. Like all the PIs in SHG, I felt robbed by the takeover. I live in fear of it happening with SRB.
At 1 min into that interview - last year getting 5,000 per oz, this year getting 12,000 (Brazilian Real). He says the rise all goes to the bottom line.
I wish I'd seen this yesterday - Clive Maund is pretty good with his forecasts -
"Gold Market Update - it's CORRECTION TIME...
originally published Sunday, April 14, 2024
https://www.clivemaund.com/gmu.php?art_id=68&date=2024-04-14
I wish I'd seen this yesterday - Clive Maund is pretty good with his forecasts -
"Gold Market Update - it's CORRECTION TIME...
originally published Sunday, April 14, 2024
https://www.clivemaund.com/gmu.php?art_id=68&date=2024-04-14
I wish I'd seen this yesterday - Clive Maund is pretty good with his forecasts -
"Gold Market Update - it's CORRECTION TIME...
originally published Sunday, April 14, 2024
https://www.clivemaund.com/gmu.php?art_id=68&date=2024-04-14
After falling today, in the evening things changed and the prices of gold and silver shot up. Good day tomorrow - for us but not for many others in the world.
After falling today, in the evening things changed and the prices of gold and silver shot up. Good day tomorrow,