The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Not too sure about that response buddy. Would the hedge fund Mr Rottweiler dump multi millions into this to see it go into administration... I understand why you’d want to push that scenario however it just comes across very unlikely that’s TEDs future. Here’s to you LF cheaper shares though :)
Only announcement I’ve seen recently is Menzies having the option to buy shares back.
At a lower SP they’re more likely to take a chunk back then put more out - just saying.
And how many customers do each restaurant need to pass through the app each month before that monthly outlay becomes an investment for them vs it’s cost. What’s the break even number ?
Businesses are savvy. Transactional is weighted by default where as SaaS is a completely different can of worms.
Volume has to be the key to success, we didn’t have it before so what’s changed ?
Don’t be silly now
MMs won’t know what to do when news lands. Would not be surprised to see an over emphasised drop to try and lure panic sellers even on a 10m+ oz find. It’s surprising they haven’t figured it out yet, I for one will not be selling them my shares cheap.
You’re defiantly missing something but that isn’t the debate at hand lol
Think these are likely to make you a lot more money Dickie, but otherwise yes... I guess so
“lolToday 08:58
forgot i was in this”
Achievement unlocked - Mastered the art of increasing wealth by remaining idle
We’re probably all still waiting due to the scale back. Opted in for 1200% more than I was allocated haha
Comparing TED and AML tho is like comparing Apples to cucumbers
September is the fourth and final instalment of the initial 2m. That’s on top of the 2m spent to purchase 20%. That’s what the September date is that’s being referred too.
Whether or not a drill plan will accompany that, come before or sometime within the year after is yet to be seen. However at that point (September) NM will then have a further 2yrs in which to spend 10m on exploration.
When you factor in time to asses results... etc and and such... we are fast approaching a news heavy period moving forward. If results are really good like previous drills phase 2/3 may pass in a fraction of the time phase 1 did.
Looks like the 73,500 was a bed and isa. Someone else sold themselves short toll which helped facilitate whist two others added similar to the sold. So how is 10% down ??
Good day for the MMs at least
Hey Ageos
Recently contacted BM and he’s not invested here, although stands by his claims/conclusion. Came back along the lines of Waymar/Orosur were not advertisers... which I guess just means they weren’t willing to pay him to promote the company - could be seen as a positive really and doesn’t back up Webb’s statements of PnD on a corporate level.
As to the reasons I’m in OMI, I believe there’s great value here. At the time the NM deal was made the SP was around 1.8p and NM we’re happy to pay a premium of 5.4p p/s to purchase 20% of the company alongside the Strategic Agreement that was also put in place back then. They didn’t have to do this and no doubt wouldn’t have done so if “they” also didn’t see value.
As for basing investment decisions on verifiable data, that is something we don’t currently have a lot of and I’d like to think that my investment here is ahead of the curve in that regard on the data we do have. I’m very much looking forward to an RNS outlining the next steps of phase 1 as that’ll be a key driver regarding SP and give us a new base to work from. Currently that base has to be 5.4p and the clock in that regard is ticking, NM still have $10m to spend on exploration within the next 2 years on phase 1.
May sound a little rampy but it’s not aimed that way, I’d rather be in for a few pence now rather than scrambling to get in as cheap/quick as possible later on. Once verifiable data starts coming I’d kick myself for overlooking the obvious this early on. Will certainly look forward to your detailed analysis once the ball starts rolling
Atb - PP
Newmont clearly have inside knowledge regarding this whole area... Follow the money (grandiose).
Realistically, only 10% of the total acreage needs to come back similar or better and Newmont will JV.
From Bob’s notes the whole place lit up like a Christmas Tree.
Thanks Ageos
From that I translated 1% of Anza (apta) estimated 500k ounces of gold. So if the rest continues the same across the remainder then we are sat on the mother lode or 500m ounces total. Explains Newmont position then. If only right... :)
So next news incoming is CEO change - News expected within 4 weeks
Do we see TED over performing in the long run ? If yes, double down. If no, run for the hills.
I’ll be taking up mine and maybe also some extra depending on the terms or if others don’t want there’s and it’s an option that’s presented to us.
Some form of open offer or rights issue would make more sense and sit alongside the dilution statement. Bottom line on that is the maths always brings it back the same again. Put in - averages out evens regardless of terms. Sit out and existing holding diluted as a result.
Could this just be an underhand way of pushing Ray further out ??
You guys are over looking the obvious on your £1 targets. Article suggests raising 80m which is almost its current MC, back then.
So if he holds 35% and they’re issuing the same again then he needs to buy 35% of the new shares to maintain his 35% overall.
Which again takes you to £1.77 using the shares in issue we have - 45m. After the event would then expect 90m shares in issue with a SP of £1.77 in which Ray still holds 35% with his new cost of £28m on top of his existing.
There or there abouts unless it’s a RI or something else. Basic maths really... where is this £1 issue pulled from ??
If 35% of £80m is 28m that would give us a placing price of £1.77 - £1.78
You’re wrong about people wouldn’t buy in at that price, you have to differentiate between investors and traders.
Investors will put in at any price they see long term value, Ray and the instu’s being the same. Fortunately for Ted those guys won’t be looking to flip for short term profits they’ll be more focused on what strengthens the company in the long run
Let’s see what happens Monday
Right. Menzies have been around since back before time began and appear to be a very diverse bunch. You look at their history and they’ve ploughed through all off it continuously coming back stronger and stronger time and time again.
Right now they’re incredibly undervalued and Mithaq are bang on the money whichever way you look at it.
Personal view... if the aviation industry was at its end which we know it’s not, these guys would most certainly move on over into something else and be good at it too. Solid company all around.
Gl all