The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
What are we waiting for with this is it just financing now? They really need to get their finger out and get something generating revenue. The RNS makes me laugh/cry talking about subscription shares if the share price in 10p/20p/50p fat chance at this rate
So they effectively double their money and get 8% interest assuming we don't go bust. Nice work but I guess they take on a lot of risk. At the end of the day they need to sort the leaching if this money can help with that then great we all win. We're in right pickle if they don't sort it out.
To be honest I think thule is irrelevant, Bluejay seem incapable of getting Dundas moving which is far more advanced than Thule with a bigger resource. If/when Bluejay get that moving the I would think best we just sell our resources to them rather than trying to compete. For us Greenland should be all about the Graphite, that imho is where the Greenland resources should be mainly aimed
For the less educated among us (i.e. me) regarding hedging I understand that its basically fixes the price that we sell or gas at, so as it happens we have missed out due to the increase in gas prices but I am unsure how they work when a producer fails to produce the required commodity. Does the producer have pay the difference at the hedge price? or does the producer have to pay to cover the difference at the market rate? Are there insurances that can be put in place to mitigate such risks?
I'm honestly confused about this whole saga. MC has been going on about proving up an entire district and has been continuing drilling to do this, bought a mill etc I presumed to setup a mine. Now out of the blue we're getting shot of it. Maybe Jim has gotten bored or something but his average must be well north of current share price so why is he willing to take such a loss after all these years of waiting and supporting the company.
So we are exceeding the hedge (although late) so presumably making a profit on the hedge price? In addition we have excess production being sold at the current high price so why has the share price dropped? In addition possible increase from the new drilling.
OK possibly some stupid questions but here we go. The RNS stated that one well was steady at 4.5 mcf and the other 4 mcf. so presumably this is a total of 8.5 total?
I know we are still working up but as we are currently running at just over 5mcf do we need the second compressor to be able to utilise the 8.5mcf? or what is it that the second compressor gives us?