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Cenkman, the problem is not the market recognising the value, the problem is our totally inept board.
The FTSE is awash with established mature business, particularly financials, The Nasdaq is full of tech & groundbreaking growth companies.
Anyone hoping for much better here is delusional, FTSE is world class for building a retirement income portfolio and not much else.
Get rid of the board and.....?...or get lucky with a takeover bid. I speak as someone who lost 50% in a year here.
Lost complete faith in Mark Watson Williams after losing significant sums in Anexo and Inland Homes.
Although, after 3+ years here, I had scaled out most of my holding and sold the rest of my shares here yesterday.
There's patience, and there's a slow death.
If we were finding anything worth much at all then there would be proper security on site. I'm not buying the saving on overheads malarkey.
I need to see much more from the bod to keep me invested here. Losing faith rapidly now having been invested for 18 months.
Testing our faith?
You're not joking. SP dropped another 10% on reported net sales of under £500 in value.
Market makers working something for their mates?
Now way under my stop loss, which has always kept me in the game, but will hang on.
A meaningful update with actual sales figures would help but not holding my breath.
Poppyseed,
I hope you're correct as once again somebody has just dropped £10k of stock and taken 10% off of the share price. This is a tough hold atm and has been since the end of suspension at the start of the year. A few months to wait for any upside catalyst and that assumes we get the accounts out on time.
I check this page every morning around 7.30am in the hope of finding a decent update on current operations and, heavens forbid, actual financial figures.
My first thought when seeing this morning's RNS was "fundraise incoming" based on I have absolutely no idea of the value of what we have sold, or even mined, since our interim results over 6 months ago.
I am certain there is value here but the Bod are as always doing their best to hide it.
'At least one interview', wow, amazing, how does he find the time?
And in the real world our share price is still half what it was a year ago with poo now at $86.
Waiting to be taken out, it's the only way I'm going to get even close to my original investment returned.
I still hold and I'm still frustrated with the board's complete lack of effort to get any good news out there.
I don't look in here much though because certain of you continue to make this board unreadable. Beyond childish.
Nothing I've seen written here or elsewhere in the last few days will convince me our SP, now firmly in the 12's FFS with poo over $80, is the result of a p*** poor & lazy BOD.
A Canadian only listing might help, but I rather feel our BOD like the protection of a toothless AIM regulatory body so in my view that's unlikely to happen.
Still hoping there isn't a shed load more bad news to come and somebody puts in a bid to take me out of my misery. Right now anywhere near 20p would be wonderful & I'd still have a considerable loss.
So why are we so undervalued compared to our peers? Why the complete disconnect?
Could it be the City has no faith in our board due to it's performance over the last year or so?
The SP movement here over the last month looks to me like we're about to be disappointed again. Hope I'm wrong but...
Good to see Dennis is yesterday's buyer of nearly 5m shares. Hopefully his confidence may give the SP a nudge up towards where it should be. But then again....
Is that the same Stas with the rose coloured spectacles who just wondered if investor's "who sold in the teens are now buying back at these level's" when sell's double buy's?
I'm talking about the BOD that made plenty of noise moving cash around accounts to ensure the monthly dividend moving forward before scrapping it a few weeks later.
The poo has spent just a few weeks below the $75 that was apparently required to ensure previous Divi and is now quite obviously heading back to higher levels for the winter. The whole situation was mismanaged and it's clearly not just me who thinks the same. POO is heading north, we are heading south, the market itself has lost faith.
If you bought in at 5p then good for you, my average is nearly 4 times that and in the 6 months that I've been here all I've witnessed is a BOD inspired car crash.
If you wish to continue with your happy clappy cheerleading then go for it. The reality is different.
Would love to know Whouse.
Experience tells me that this kind of price movement is nearly always followed by (even more) sh*t news just around the corner but I'm already so far underwater I feel I just might be better off just letting it ride.
Best chance of getting out I believe would be a buy out, assets are good, just have no confidence in BOD, they've done nothing but screw PI's over.
G.G.G.
As previously mentioned we were in another Canadian AIM shambles Rambler Mining RMM together and I previously escaped Pure Gold PUR with a small profit before that too effectively became a zero.
Canada just not a happy hunting ground for me. As far as I3e goes, disgusted with the board's disregard for PI's & obviously no longer have any faith in them at all.
Will just sit and wait for a take out bid, which surely has to come, given the assets. 25p would be plenty for me too.
Interesting chat about all the possibilities here but I'm simply getting worried about the SP. Stop losses at 17p wiped out within minutes of opening means we're now mid 16's. It's great having a dividend of around 8-12%pa (depending on your investment average) but not so great when you're showing a 20% loss or more than two years worth of divis (at my 20.5p average.
The drift is relentless.
Looking at medium/long term WTI prices, we're within normal trading ranges.
What do we need to reverse this miserable trend?
Or not?!
Whilst understanding that a few £k worth of buys or sells can affect the share price either way with a tightly held free float, lack of news is creating boredom here and the SP is sliding.
Patience still the key but I do wish the board had more to say for theirselves & PR, excluding the odd ineffective tweet, is non existent.
Ah, I see a 2,000,000 delayed trade has just popped up which would explain why the SP dropped by .075p for no obvious reason around midday, clearly a sale then.
And yes Echo, I am invested here, as a % of my pension pot, quite heavily. However I retain the opinion that BOD's bod could do much more to keep us up to date on developments.
Doesn't change the fact that our relentless seller(s) are still depressing the share price despite the buyback programme.
I've been invested here for 3 years and I still 'believe'. Something still not right though.
Losing the will here.
Despite Rowde/Kestrel & buybacks, various ii's & others continue to sell into the market, today's reported sales v buys over 20-1 not unusual.
Have been here 3 years+ & having bought more on spikes, which at the time looked like momentum buys, I'm way underwater.
Clearly one or more big sellers still out there. I'd happily sell in to 140p bid, which I'm fairly is how this is going to finish.
Solid growth on virtually all metrics during difficult times.
What's not to like?