The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yeah 2 billion shares represents 90% dilution, which is staggering, "still" some upside but this needs to get confirmed.
I've emailed them twice asking for an update on whether November liabilities were covered and how the business can continue until permits are approved, we are already into the first week of December and I think more people should email and phone in asking for details, how can we invest even a penny without knowing if they aren't already insolvent?!?
Gold just hit a new all time high ladies and gents at $2134 an ounce.
Gold is surging because the UAE declared they would cease trading oil in dollars, so this rise is different to the rest and they won't be able to stop it this time.
I think some very risk adverse people are banking profits before the actual NTA announcement and then they might rebuy afterwards, even with an overall small share loss, unless the MM does something funny like a 2x in one second 😆
I've spent about 2hrs dissecting all the information available about TW and the comments on this board are very informative as well, what I've understood is they run out of money around the same time they expect an EA decision but they're potentially a very highly profitable business that can sprint into production very quickly after necessary approvals, as most of the minining site is already built.
So this is definitely one to watch, I'm fortunate as I have no funds to gamble before January when most of the issues here should get resolved or we find its in administration!
Gl all.
Over the years I've seen OXB crash like this several times but they always bounced back after a surprise bail out package however they are not bouncing yet, so this one looks a bit odd. I will need to read their next financial report to get a better understanding why this time is different but my suspicion is they can't afford the extra cash burn from OXB US, there also used to be a subsidiary in the US in the past but they were also closed down due to running costs 🤔
I have to be honest even if they have $19,000,000 dollars left of project funds that can be diverted to their operating costs until they can find new long term finance, if it is their intention to actually get taken over by Glencore or another group, they will not use it and they will make excuses. I saw something similar happen with Petropavlovsk so be careful. They should make an RNS about this plan if it is a short term funding solution, otherwise don't take consider it will happen.
The companies seeking to take over Velocys are also private firms which means people can't get even get exposure by investing into the companies taking over Velocys!
Troy is doing the right things at the moment and I want him to take it across the finish line, discrediting someone when they are working properly, even if they made some errors in the past, is highly counterintuitive. The Native Title Agreement, Mining Licences and FID are on the way, that is all that matters, the past is the past.
It's not a tree shake it's just that the price keeps breaking above the top bollinger and the dips arrive to push it back inside, I've seen this pattern hundreds of times. Sometimes however the price will consolidate above the bollinger and the band itself gets forced up instead of the candle getting forced under, this happens during news based moves a lot when technicals get ignored completely.
This rebound is due to the good inflation figures released by the FED recently and all of the non revenue/profit generating stocks im watching are rising as well because the market anticaptes the financing drought might be coming to a close. I'm not thrilled however as I wanted to see a bigger housing market crash.
Never seen a mining company go tits up like this before but this is a prime example why investing in companies with lower start up costs is a good idea.
I can see this venture however has massive upside potential if they can secure finances with minimal dilution but even if they sell half the project anyone buying at these levels can still get a good 5 or 10x it seems. So this is on my watch list but it's very painful to watch.
If they start producing only a year after first expected then that's not actually bad management, it's just a slightly inaccurate prediction, also if everything comes good after everyone has been accumulating at 0.17-0.2 then it actually makes the profit margin bigger and everyone will be richer at the end of day. There is even a chance all of this was orchestrated internally to accumulate shares more cheaply for their own pockets!
The cerebral swing traders who can double their share holding for free and still take the upside from long term holding. These monsters are also usually professional investors who can chart watch for 8hrs, I work full time and can't do this even though I'm mentally capable XD
a few hundred mega ton iron ore discoveries would take it to £1 and this isn't out of the realms of possibilities, when you consider han**** is only 10% explored and brockman has an exploration target of 200 mega tons, so i'd say the odds of this price being realised are at least higher than england winning the next world cup.
I wanted to buy around 26p and I scraped 6K together, I transferred the funds to my broker account and it had already spiked to 33p!
Tupac and Prighozin are both alive and both are preparing to face Putin.
Breach of the debt ceiling is expected if deal is not made by 1st of June at the latest because Congress needs 72 hours to vote. Even without a full scale default I expect significant gold volatility from a breach.
Barcalays is tricking everyone into a false sense of security and hoping people fill up the buy side more this morning before they pull the trigger!