The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I couldn't resist a little top up at these levels and with a firmer Sn price
Last week I posed the question about a 1:1 rights issue at 2p. It would probably get away at 3p today raising 50% more than a week ago. Am I right to be suspicious of today's rise?
How would you like a 1 for 1 rights issue at say 2p? That would raise £3.24m gross. Decent discount on current price.
Looking at today's trades, one needs to remember that not all reds are sales. I know from personal experience
Would a bid of 20p - 25p, all paper do the job?
Just wondering if this RNS is a "For Sale" sign?
What about the BOD taking a 50% pay cut, that would help!
On the same day that Anglo, Glencore and Rio are racing ahead. I have never seen an RNS like this before
Selling at 22p - really?? with the prospects that this company has.
Looks to me like the MMs don't have many shares on the shelf!
I am happy with the content of the RNS
Looks like Moon is shorting the stock again!
As usual, don't rely on the colour of trades to indicate what is going on.
Just a bit of detail from RMM. 2021 revenue £25.8m and forecast 2022 £70.65m. Plus Au. Sounds like a move in the right direction to me
In the 18 Jan RNS it stated that the outstanding hedge was 440 tonnes at US$3.49. Now we hear that it's 110 tonnes and that will be cleared very shortly. That is good, especially with a spot of around US$4.47
I just checked the futures market with CME and the Cu price is flat so whilst logic might point to higher demand and price, the futures market is not reflecting that at the moment
Does anyone know if the Directors are still taking 1/3 of salary in shares?
OK, I'll have some more then!!
Just looked at the Cu Futures market via CME and saw that for the coming year the price is just about flat. So when considering the next hedge, a rising price is not clear cut. Anyhow, any new hedge will almost certainly be well ahead of the previous one. Anyone fancy a contango?
We need to remember that there are some "people" who are happy sellers at anything over 18p. As others have said, they can only sell once. It may take a while for the market to clear these "investors"