Member Info for poloshirt

I've tried buy and hold, I've tried short term event driven trading. The latter has probably been more lucrative but its a lot more work plus nursed some painful losses when I've got it wrong.
I think the ultimate has to be getting in early in a bull run super cycle in something like gold miners or tech.
That way you can't really go wrong with a buy and hold approach plus there is plenty of m and a activity for event driven trading/arbitrage to be a success by just trading the regulatory announcements.
Jim Mellon is continuing to call for a commodity bull run who knows this time he could be right.

Sorry misread your post.

55p is my selling price. Mainly due to cgt isa factors.

Hummingbird has been on a tear of late.
Wider question for me is whether to bother with investing given the changes to capital gains tax as a higher rate payer.
I shift my pension around a bit instead.
I even looked into setting up a fund but too much work. I guess I could always follow Mellon to the Isle of Man but it rains a lot.
If I was going to continue in gold juniors and mid caps I would focus on London listed with a focus on mines in commonwealth countries.
Have a friend whose been going on about gold juniors for 12 years but is now completely disinterested. In classic value investing that would be a major buy signal. Ie the time of maximum despair.
And when you get it right with junior gold stocks the gearing is impossible to match except in crypto maybe.

A lot of people have got burned by the bear market in gold stocks but maybe they will turn a corner. Endeavour Mining looks attractive. The Egyptian billionaire who owns aston villa a major shateholder. Infact he is a massive gold bug in general.

Interesting.
Maybe a RNS on its way. GLA.

65p. And I think all may be done and dusted by this time next month.

Yeah I think whether this goes through and if so at what price will be an interesting test case for the prospect for junior gold miners in general.
I don't think we are at the start of a bull market just yet but maybe in 6 months time. Condor don't have time to wait hence I think this will go for a middling price, but still a good price for anyone who got in over last 2 months.

Its a bit of a weird scenario as condor have basically said we can't afford to produce ourselves so come and buy us. That's different from being a junior looking to start mining and then being bought out almost against one's will.
MC is just setting his stall out to flush out any potential buyers as he knows the best way to get a better price is via a bidding war. I suspect all the non binding offers are pretty low ball so far.

Yeah I'm thinking anything between 70p and a pound sterling fully diluted depending how many bids there are.

Yeah but you need to halve those numbers as the yellow stuff is in Nicaragua not Canada innit.

And that's why you should never spreadbet. But have strong hands to ride out the dips and most importantly own the equity.

MMs have a massive impact on the SP. In an ideal world it would not be so but whoever said its an ideal world.
Renaissance technologies is the most successful hedge fund in history and their main thesis is markets are never ideally priced to reflect the real state of affairs.
Definitely some MMs behind the scenes with this share imo. There could be a big sell off before the final takeover announcement so they double their profits.

Yep gold junior miners this year then next year other Metals esp silver.

Thanks Simms. Very informative. I'm aiming for 55p if just one bidder but if more as likely seems to be the case who knows maybe a pound sterling.

Out of interest just how much money has been put into condor over the last 15 years? Any ideas anyone?

Re CGT what's ISAs do you use for AIM shares? IG index offer a good one with no minimum investment. Many ISAs don't cover AIM shares unless you invest 20k per year.

I think 55p is realistic anything above that is speculative. If an asset sale there could also be a big dividend.

A rns could come in handy this week. 30p seems to be a median level for this share. Will be some selling from the 15p options crowd, ideally MC keeps the market updated but these sales can happen like a thief in the night. That happened with polo resources back in the day. I'm fed up of this bleeding cold weather in the UK so hope JM brings it home so I can hit the balearics in style before summer is out.

I'd settle for £1.99 just so this ghastly party never happens.