Member Info for NorbertDentressangle

...if you're stake grew with company dilution. Having held here since goodness knows when it just seems so harsh to have your holding diluted.

What made me think of it was reading that report from the year after the IPO. Share price was 33p, something like £27m was raised.

That 33p is pretty worthless now through dilution, why would you invest at that stage with the time frame of drilling, reporting and a further need to raise money? If your percentage stake remained then I'd understand it. It's barmy

TD2. So including cash from a sale of the asset, so £108m would be returned to investors

If the share reached £1 on the 2015 share issue then that equates to approx 28p based on dilution since that date doesn't it?

Geng, you did better than me! I had a voice in my ear who assured me it was going north of 70p so I held tight

Actually, just looked at the charts and SP was above 30p for about 5 days. Should've sold ffs ??

The 40p quote is a bit of a misnomer. It briefly touched it but realistically the best price achievable on that day was 22-26p. Still a way higher than now of course

Ary82

I think I was the same about 10 years ago. Bought and sold multiple times at 20/30% gain but idiotically didn't sell on the big rise and have watched the pitiful drop ever since. I have a decent holding though and traded enough that they are essentially 'free shares'.

I think I'd willingly sell at 7p bearing in mind where we have been. Cutting losses from 7p down to 1p will feel like a win for you surely after all this time, no?

RY has done nothing wrong

Once the asset has been sold this has an MCAP (excluding the cash from the sale) of approximately nothing

Sounds like you'd break even IF it goes for £100m but the consensus is that that vastly undervalued the company. If a more realistic offer pops up then you'd start to be in the black

3.8p won't feel like a premium next week

Share price movement has been confirmed in an RNS which values the company at around 7p a share. Doesn't need ramping, there's a premium on current SP to be made in the short term

Davidburns, we are at a low right now. Not sure there'll be a better time to buy

I've held these at 25p so would like to think one day we could get there again. In a nutshell, company needs financing to develop the mine and finance is in short supply. Their best option has always been to be bought out but that's never materialised. The licence was meant to be the springboard to success. They are well run but somewhat stuck in a rut currently

I think this could have a little momentum and surge to 10p but could then drop slowly without news.

Only another 17p until I'm out!

Bit of a long way back to 250p but every little helps

£7 just round the corner

Any strength here derived from the brexit deal having provision for trade deals that exclude services? Are we likely to see a decline in Eon etc in the UK? Does Brtish Gas have a strong trading base in the EU zone?

Have they alluded what the increase might be? Do they historically work to a formula for calculating the dividend?

3 years of dividends and my investment is paid for. Wow!

Thanks all for taking the time to clarify. 4.7% ish yield at current SP is good enough for me.