Member Info for PRK1

Fibrelad, Open reach is the real quality of BT and they are a viable company on their own. BT retail would be a failing business without them. They have a few years to turn it around but their business division especially is a waste of space. I could see that being spun off to escape the BT brand. The problem BT has is that the income they make at a wholesale level is meagre compared to having the retail business as well. I don't have much confidence that they can turn this around ever. I think selling off the retail base, which is a big set of accounts to acquire, will happen, and BT will disappear, leaving only Open reach and a bunch of new retailers funded by maybe the large investors who have a stake just now

Meshtrader I think Vodafone has gained. BT may be rolling out fibre but their retail brand is really poor. In my last job I took us away from BT to Vodafone. They were an overpriced mess, and they had no comprehension of the customer experience. Their struggles at BT business are no surprise to me. They are like a football team building a new stadium, charging high ticket prices to cover that cost but losing games on the pitch. The only marketing I can remember from them is when they changed their logo from red & blue to black, which is a bit like the above football team changing their strip in the hope of winning games. Some day they will sort themselves out. In the very long term. Probably by withdrawing the BT brand from the retail market altogether, given that it's about as exciting as your grandad's stamp collection. By contrast I think Vodafone are turning it around and I do believe they will show significant market share growth in the UK. Germany might still be a negative but there are a lot of growth markets to offset that. I like the pace of change, I think MdV is doing well, and I'm hopeful that Vodafone are reaching their own renaissance.

Larry6. See link below. Next time don't be lazy. You've got Google same as every else

https://www.telecoms.com/communications-service-provider/swisscom-confident-on-vodafone-italy-deal-despite-new-probe

Apologies for the typos

Fleemccy, you are right about dividends, and true there is no value in a share price high or low until you want to sell. But it makes me nervous to be trapped in negative equity even if I do get dividends. It makes me too reliant on a business I have no control over. If they crumble I can't get away without a huge loss.

We must be looking at different companies. I think MdV is doing a great job. I'm confident about H2 and we can all now believe that the merger is goinsg through. I see a constant stream of good decisions and growth in numerous markets. Hey, if you think it's hard being a V shareholder take comfort today that you are not in BT

The market is wrong about BT Fleccy, but only because they get caught up in unfounded enthusiasm and boost the share price beyond it's natural value. This is a company selling out of all but one country. How are they doing in that country? Badly, with more pain on the way. The Vodafone/3 merger is all but green lighted another major threat to their market share, this time eating away at EE. All we hear about BT is that they are building a network and reducing costs. They see to think that sales will just take care of themselves. I don't agree.

Building a fine new stadium, selling nearby land, great training facilities. But on the park they aren't winning. Everyone says "ahh but that will come" ok, but winning titles it is a lot different from complacent optimism. BT have a poor legacy brand. Their marketing is nowhere. The share price isn't going anywhere near £2+ until the nation loves them. And they better had. Unlike Vodafone it's the only place they trade

Gingy, you hit the nail ..

I'm hopeful a non dilutive deal can be found. I'm also hopeful Cornish Mining gets an adjournment debate in Parliament before the finance deal is needed. If so, there should be more than one option and that will put the business firmly on the launchpad. Meanwhile, we just have to wait

I suppose it was to be expected. The news was a £7m loan, Don Turvey's appointment and some promising activity in Parliament. But we are still waiting the finance to go into to production in 2+ years

Good to see this upswing in BD activity

Chancellor's budget speech. Investment in rural broadband. Part of the Vodafone business case for merger with 3. It's a positive alignment

Although there was no mention of tin in the budget, it has been raised in parliament and from the clip I saw, and adjournment debate was agreed to in principle. The chancellor was very strong on regional development and I'm sure Cornwall MPs will lobby for attention. Cornish Metal is in good shape.

I guess the main question is whether funding will lead to share dilution. It's good to see staff at all levels incentivised to buy shares at 8.5p(?), so there's a good alignment with our interests. I also think the business looks so certain that there will be more than one funding option available. Possibly some government grants too....

That's good to see

Valuation-it-is, that's the slide deck I meant. Whether he wrote it personally I don't know, but I'm pretty sure it's on the screen during his meetings with prospective investors.

I think this guy was brought in because he knows how to pitch a mining stock to fund managers and other investors. His slide deck was very much a salesman's presentation. Several trades of 100k shares sounds like fund managers agreeing to risk £10-20k. It's a small number for them and worth the gamble. Im sure he has a long campaign list and these things can take time - so many small caps trying to get noticed. Some meetings with prospective investors might take months to happen. Busy busy. But the pitch is a very strong one and I reckon there will be more buys coming in over the winter. 20p by January

Maybe it's a move to defensive stocks with the upcoming budget. But then again, if tax relief on AIM shares is being withdrawn......

Remember back in May, just after the PEA results took the SP to 12p, the price did a sharp and inexplicable decline to 6p. It was such an issue that the board had to issue a notification denying any knowledge of what was going on. I'm not sure if that was ever explained. But whatever the cause, we seem to be beyond it now and the SP should recover naturally to 12p, maybe 14p. To get to 20p will take a while but I think we will be there inside a year. If Don Turvey can be the Business Development Manager we hope he is, then the business will come to maturity and start to show it's earnings power

Two years to production, three years to peak production. It's going to be a test of patience. When Mick Davies got involved he talked about £1 per share. But that's subject to the mine becoming productive. Until then I think 20p is as high as it can go.