Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Nope. LGP came across really well. Everyone else was dull and predictable. Ed came across better than most and did a reasonable pitch, but they were all mostly talking about the wider market than their specific operations (apart from LGP - she was great). There wasn't any news. Only briefest mention of the likes of Northern Leaf (that I picked up on). But it wasn't as big an event as I was expecting. Apparently 250 attendants registered online, and - pffft - 75 in the audience (??)
I think the press release on here today about our investment in LGP will have more impact on volume tomorrow. Trading today was picking up well ahead of the meeting, so I guess we're just slowly onwards and upwards...
Haha - well I love your talking horse reference! (I assumed you were talking about stalking horses, until the penny dropped!)
I just maxed my overdraft and bought another 23k, 2mins before your words of warning. So, with the greatest respect, I hope you're wrong and we see a flurry of new interest this week. (Which I know you also hope for...)
We'll get there! We will re-rate before long, and then my mum will take us all to Pizza Hut as a treat, (if we behave ourselves). And as for a hollow win, was it the Mouldy Peaches who sang:
There’s no such thing as a harmless joke
There’s no such thing as a gentle toke
There’s no such thing as a hollow win
Who-o-o is bought in? Who-o-o is bought in?
Forum doesn't start until 4pm today, but I would expect to see some big new buyers taking an interest in SEED today. Maybe in time for market close, but more likely with some large orders to be filled tomorrow.
In my humble opinion only, anyone with liquidity / other stocks they can sell... would be MAD not buy in at < 9p today. Pretty soon, everyone's going to know about our secret stash of investments that are underpriced by 30%... and which are getting more underpriced by the day, as they all start to flourish. GLA.
I can't imagine what it must be like to have those responsibilities, but I want to reinforce the opinion I've expressed here several times before: I think ODonnell is excellent and a valuable member of the BB.
(And the comments about charities made me chuckle. I'm between contracts at the moment, so have been doing the accounts and governance work for a charity that brings free audiobook readers to patients in hospitals recovering from ICU; a group of 100 local artists who open their home studios for a fortnight in the summer; and a society for tulip exhibitors... whilst looking in at this board!)
I actually giggled at the 5k buy yesterday that went through at 8.48 in the middle of the 8.50s... after the MMs had whinged to AJ Bell the day before! I think they might have disadvantaged themselves.
Does anyone want to play Truth or Dare today? Dare = put in an order for more than 5k shares. Truth = say why not...!
I don't understand how the MMs could be "disadvantaged". I mean... couldn't they have just calculated what they would have charged, and recouped this by upping the Ask...?? What have I missed? (Is that just against regulation??)
The paranoia is that if there's any sense of smoke and mirrors being used, it's a really bad sign. Like... catching the first mouse you've seen in a house. You don't think, well it was only the one, everything's fine now.
So, even though I think it's extremely unlikely, Longy's right to call out anything that looks off. If SEED are not actually making site visits, but periodically posting updates so it looks like they're busy - they need to be less sloppy about it! I don't think that's the case, but this BB does often criticise SEED for not being in the public eye enough. If they're trying to fake the clout they have with clients, or their engagement with their investments, it ain't a good sign.
I didn't get the Bangkok reference, though. (An old tweet of Alfredo's?)
Ta Mata d'or, you're right! I might be rich in the future, so they should still be inviting me to their parties.
Chrystal were very keen to have a private conversation with me, after I put in for Northern Leaf. But, so that they didn't get unduly excited, I told them: "with bonuses and holiday sell-back, I've just scraped over the earnings levels for HNWI in the last couple of years; before that I worked for charities and was skint. I've got £10k in Northern Leaf (despite applying for £30k) and £40k in FFWD - which I think is at a better discount than investing directly in Yooma - so you'd need to convince me that you've got something more attractive than FFWD in an ISA".
Not heard a peep since then. When I applied to dial in to the forum, I got an automated "thanks for applying, but... (and you can almost hear them sucking their teeth)... it might be a bit too busy for the likes of you - we'll let you know". That isn't verbatim. I might just need some nicotine in me - I'm usually an advocate of Chrystal.
Oh! And I see the O'Donnells are to the rescue anyway. (Is it OK that I think of you like parent figures, O'Donnells...?)
Reviving an old topic.... Did anyone get confirmation of tickets to this event? I applied but haven't been sent login details. (This is possibly because I was pretty transparent with Chrystal Capital when they were raising funds for Yooma: "I barely scraped into the HNWI bracket when I invested in Northern Leaf, and I've put literally everything I have left into FFWD"...!)
It's two weeks from today. If I'm allowed in, I'll take notes; but if someone with more gravitas wants to register for a place so we can make sure we're all updated, that would be great.
https://www.lsegissuerservices.com/spark/cannabis-capital-markets-forum-2021
Awh, I love your posts here O'Donnells! Looks like someone's just bought a decent chunk (123k shares) and we've bounced off an Ask of 8.12 back to 8.14. At least it's the right direction of travel. I've given up trying to understand what's happening...
O'Donnells - are you still "strong buy". No opinion listed...
x
l'orange - I think there's a marked difference between setting up a new fund in a bull market, and changing the name and focus of an existing small cap fund to concentrate on a new market. It's weird and confusing. The people who wanted to invest in tech might not like the idea of cannabis. People who want to invest in a cannabis fund can find ones which don't have some old tech holdings to shift. This is why I see Seed as such a good opportunity. It's like '80s movies - the gawky looking geeks in thick glasses who turn out to be winners in the end.
O'Donnell - respectfully disagree with your take on portfolio analysis. While we can't control the share price by assessing the underlying value, we can determine whether it's trading at a discount or a premium and act accordingly. And - yes - I would buy more and more except... I already have. I'm spent up. I'm in for just over 500k shares at an avg. of just over 8.5p, and if I think NAV has fallen below this I'd be thinking of selling at a loss. Probability assessments aren't entirely futile. I do agree with the sentiment of needing to be patient, though, of course. (And I just generally like you...)
Pleasure, Shelly. If you like - or anyone else does - I started drafting a tracker of SEED's investments, with a view to estimating some possible expectations for each. I didn't get particularly far, to be honest, but it might be a useful template in case anyone wants to keep their own version. It was meant to be reconciled to the March accounts and current position. Obviously, all possible disclaimers - not updated for a few weeks and I am in no way claiming it is accurate or correct:
https://we.tl/t-9PKbCAmTzD