Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.
I listened to SW rant on the Sunday Roast over the weekend - with some sympathy, but also a little incredulity. As a CEO you should understand the market you're in and knowing that you should understand how the market will react to various activities/actions - yes these change over time, but generally you should be aware of the trends, especially if it's retail driven - and despite raisings at premia from large private investors the POW sp is largely driven by retail.
I didn't take a rocket scientist to work out what the retail reaction would be to a share consolidation, initial sell off prior to and the inevitable discount afterward.
Where we are now. That's the market you're in, there's no point ranting about it you function within it until you make a bigger change or the nature of the market changes.
The market will react favourably and probably supportably when POW actually delivers results rather than more POTENTIAL. This is why I've resisted investment in POW but gone direct to GMET
Of course we never really the reasons behind insider sales, but I do know I've usually regretted not following Directors when they sell.
Acquiring a copper tenement in Zambia is usually never a bad thing, though how the blazes REE intends to finance exploration there I don't know. Well I do know... I guess we all know...
Listening to RV on the Sunday Roast yesterday as soon as I heard him say 16-18months I figured many that would consider buying in, or at least that have now put COBR on the radar won't be rushing to buy, unless there's a general market uplift that everyone's being saying is coming - for the last few years.
SO I think we will remain roughly around here for a little while longer - good if you're stake building ofc.
Likewise, came for the GOLD but that didn't seem to go anywhere and I'm not a lover of REE resource - they are notoriously difficult to process/produce, but I stayed and am going longer because of the ISR possibility - apart from the grades in the resource that for me changes the game here.
Yes great presentation
Have been a shareholder here for years, severely down (obvs). Have been wanting to top up for ages but waiting on something that'd confirm I wasn't buying a deckchair on the Titanic, yesterday's news gave me that and yesterday I started topping up.
Spot gold prices are largely irrelevant, it's the TREND that counts. The trend will be with you for about 7yrs in the gold market, usually, we're at the beginning of a bull trend in gold - I think that's a far more useful discussion than talking about spot prices. Which is why I do firmly believe this will happen.
I'm actually a little concerned that this might get taken out for very little premium, depending on where the other HNIs (that are all aussies) have interests - if they're significant shareholders in Sheffield, then UK retail could get royally sc...ed here.
I hope I'm just going down an Anodoman-esq anxiety hole here, rather than this could represent the ultimate scenario
I guess we should, technically, find out this week - i.e. by COB Thursday - whether PING is moving forward or not. Right?
Market is clearly dubious and frankly I'm wondering if PING can meet this deadline. They don't have a great record in meeting deadlines.
Still hoping...but prepared for a not so celebratory Easter.
Lol @Ando - nah lottery win is cold hard cash in hand!
I think it's just the consistent disappointment here over the years that has coloured my thinking - LTHs here will tell you back in the day I was extremely bullish, at times it felt like I was one of only 2 or 3 people posting. But the previous CEO was pretty awful and damaged the company to the state that we haven't even recovered to where we were 2/3 yrs ago - and we're further along now.
I think I reflect the wider market thinking at the moment and it's a case of do not say. I'm also not talking a 5m long book (anymore) like yourself, so I understand you're a glass full and overflowing view, haha.
Hopefully, we'll both be happy sometime later this year...
The good point for me is they've actually stated their intentions - negative, no real dates ( and maybe that's difficult) but I would have preferred less woolly and more concrete pin-it-to-the-post datelines. Again I appreciate exactly what I would have wanted is difficult but after months of nothing I had hoped for a 'little' more.
Aside from that, actually it doesn't matter, the big news we're waiting for is the JV signed agreement which may or may not be delivered in less than 60 days -depending on your interpretation.
SO for me no change - I'd hope they'd issue an RNS on the start /completion of each of the activity listed in the RNS - specifically the drilling though if they're engaging the GSMB for this I expect it'll be a long and protracted process from operation commencement to drill results - considering that process has taken nearly a year in the past.
@JUSTONE as i read it two companies have a 60 exclusivity to close the deal. That's all, not that they must close the deal in within 60 days but that's when their exclusivity expires and then other parties can enter negotiations.
Yeah @justone - they have exclusivity for 60 days to conclude the deal, after which the rest of the market has access ( whoever that be...) but it doesn't mean the deal will be concluded within 60 days. I mean after Greg's words on LB concluding before year end, last year, I'm inclined to wait until the signing and not anticipate.
@justone - as always with CMET the devil is in the detail and important to remember the 60 day countdown is just the exclusivity period not necessarily that they'll actually conclude a deal within.
I think I've been here too long and err on pessimism....