The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
They'll drop the Williston bason revenues for Q3 next week, if past momentum is anything to go by the figures will be very strong. Likely to cause a definitive move above 6. The chart is getting tighter and tighter, just patience required.
As these haven't been retail placings I'd imagine most investors involved won't be looking for a fast buck on the first sniff of good news. They will have bought in for the prospects that brought most of us here. But yes of course it's discoveries alone now that will drive the share price.
Evidently support at 6p.
Breaking out of the range.
I look forward to the day I can follow good practice and average up!
Looks like they'll look to refinance instead?
I said we're better placed for success now, not very controversial really..
I'd be happy just to get my money back at this point. I was a bit naive/overly optimistic with the likelyhood of success with the first KSZ drill. The lack of immediate discovery/passage of time/general macro events and market sentiment have all played their part in the decline, it's not entirely fair to pin it all on mangement and I think all have learnt a lot along the way - we're certainly better placed for success now than we've ever been. There's room for plenty of upside from here.
I'm in for a punt. Re reading the RNS's they're very clear it was the timetable which got in the way, they have been careful not too close any doors. Then this morning's RNS comments about salvaging value to shareholders. I don't think they're done yet.
No RNS.. tempted at this level.
I had a chance to pick up about 200,000 at 0.6p, hesitated and now NT for me as well. Maybe a good thing...
Shaping for the next leg up on the 5 min.
Stong update today. Share price looks to have based.
If I was short here I think I would read that and decide there's no reason to stay short following that update. The tide is turning.
I'm 'excited' to have secured an extra £3m to fund us for at least the next 15 months without any damage to the share price. With regards to the dilution, we've seen how much the share price (and mcap) has moved on very little volume so I'm not even convinced how much of a difference that will make. The increased volume of transactions that will occur may even be a positive.
That's your opinion NiVig. All I'm saying is the market isn't concerned.
The ultimate arbiter i.e. the market seems to be content with the placing. The share price hasn't moved and we've got an extra £3m in the kitty. I'd say that's a success.
Interesting reading Slipershare's posts on the NEW board, he can string a sentence together!
I agree Davey. I get doing it if you're fortunate to catch an RNS early but why take such risk on stocks with such large spreads after everyone's seen the move? Odds are hugely against you.
Chris on reflection I agree with you. The SP has held well this morning and there's very few shares to buy currently even above the placing price. The chart looks like a nice base has formed with plenty of support back to 2019. With such a large amount raised funding is secured for a long time. Very likely the bottom here.