The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Au revoir again Ashton
Same as others have said I don’t feel how the departure of the only out and out bull brings balance to the force - I mean board.
Personally I’ve all but given up on Jay. I will retain a seven figure number of shares that sounds impressive but with Jay that’s now worth next to nothing. I’m not selling but equally not adding to my holding unless material progress or news is announced.
Recently this was for me a speculative Net Zero transition play - there aren’t enough battery or electric infrastructure metals for this to happen and it was my hope that Jays potentially huge resources could somehow be expedited and put to work but neither Jay nor vast expansion of electric infrastructure is going anywhere fast. (A topic for another forum.)
On the one hand I’m upset they’ve all got at least 5m shares which dwarfs my 7 figure shareholding which I paid good money for over the years. and is now worth buttons.
(Not even chocolate buttons.)
On the other hand I don’t care, as long as they’ve awarded themselves 10% of something that will eventually be worth something. I can wait.
From the way you prattle on I doubt you’ve been around for twenty years, never mind sixty.
No one is listening to you, the only reason I could read you a minute ago is if I’m not logged in and my filter list doesn’t apply.
Grow up.
I�ve watched it 5 times now and decided I will keep holding. It was a clearly mistake to not exploit VOBM1 but shut it for two years, it will be opened again with a tube wider then a pen. That - with 2 and 3 - will keep the company going. We don�t yet know what happened to the hydrocarbons originally logged in 5. If the frack had gone well it would have been Easter xmas and birthday come at once, but while that hasn�t happened we don�t know it�s doomsday yet for 5. Can�t see 300-800p any time soon but I can quite easily imagine we will see 50+ again in 2-3 months. (Sooner if they find what�s wrong with 5 and they are able to fix it.) That�s without a farm in for the Wilcox stuff....that could provide a very quick sp boost.
No. Don�t they own 10% or something of the company now? When these new arrangements were announced some time ago (2016?) i remember it was perceived by me as a short term disaster sacrificing lowish royalty payments with less risk for long term higher profit margins by taking more responsibility and distributing to the two big Ss. Edens profitability point went markedly to the right, but higher long term profit was the silver lining to the cloud. Long term payback is due 2019 I think - from sales made this year. This is all from (bad) memory so DYOR as to the change in Eden�s commercial relationship with Sumiagro and sipcam.
Sipcam have their pound of flesh in that they've taken about 10% of the company so if Eden do well they will also do well from the 62% of the market they don't "control". Plus whatever they make from their margin on the sales of "their" 38%.