Member Info for reefles

Don't want to gush, but that looks like an extremely smart deal, and deal structure. Hope they get it over the line fast!

https://static1.squarespace.com/static/5850d36af5e2319124a237b6/t/60fac903b2cc6a7dd33ee848/1627048197302/2021.07.21+-+Notice+of+Meeting+-+IronRidge%5B1%5D.pdf

Don't forget Northern Leaf, Matador!! Where we're already invested, and they're already growing in Jersey. And... I know that all of this has to be opinion, etc. but Jersey is just objectively better than Guernsey.

Northern Leaf will IPO later in the year. They were raising £5m of loan notes at £30k each for pre-IPO activity, in Feb / March. I applied for a £30k note, but the raise was so oversubscribed (offers of > £15m received, incl. from FFWD) that I was only able to get £10k of loan notes. I'm not saying we shouldn't get excited about Guernsey being copycats, just that we should all be getting much more excited (and setting some cash aside personally) for that big, beautiful Northern Leaf IPO.

I think it's the auto-bot that denotes what's a "sell" and what's a "buy". Otherwise, the past few days of trading really don't stack up. The bid and ask have inverted a few times, too. The same was happening on IRR earlier in the week. I don't think it's MM manipulation, just low volumes with (relatively) volatile prices and a low spread, causing the computer to misinterpret??

Thanks all for being kind and constructive with the criticism!

You're probably right, that I'm talking nonsense, but I meant that:
- I would like SEED's NAV to keep increasing, but with an increasingly discounted SP, so I can keep topping up. I'm here for the long term pay off, so a low SP is great until payday!
- SEED itself has a good portfolio and can sell Leap when it needs liquidity (but why would it, if Leap has a better ROI than the portfolio average)
- I was being abstruse about "fewer investors". It was giving the absurd extreme example: if SP fell to fractions of 1p tomorrow, and I was able to buy 50% of a company that has the net assets of SEED.... y'know? So yes, that is nonsense, but there's an extent to which it's brilliant for us if the share price keeps falling in the short term while the NAV goes up. Isn't there?

Apologies if this is time wasting and irritating. I'm pretty sure we're all on the same side! And the heat might have gotten to me... GLA x

I don't understand where all the sells are coming from to fill (what looks like) big institutional orders by installment...??

I've been following the participants of the Oxford Superhub on LinkedIn since this article:
https://www.energylivenews.com/2019/04/03/new-energy-superhub-game-changer-for-oxford/
Though I don't think Invinity were officially named until:
https://www.current-news.co.uk/news/oxford-energy-superhub-hits-milestone-as-first-evs-arrive-at-pioneering-project

Still find it bizarre that the superhub has now been proven, more are being announced, and so few have really put the connections together and realised what massive potential IES has...!? (present company excluded, naturally!)

Troll - not meaning to sound antagonistic - but don't we want fewer investors?? The ideal would be that the group of us here could slowly pick up as much ownership of SEED as possible while SP is low. We would only want new investors if we needed to raise capital... but we can do that by selling Leap at the right time. There's no point in Ed buying things if he doesn't know how to sell them. (I also didn't think it was odd to invest in a co whose portfolio was slightly diversified... though I know it's legacy, not intentional risk spreading.)

...still laughing??

I know this doesn't change anything, but I feel sorry for any LTHs who are selling at the moment because they need the liquidity. Some of the trades going through today have the look of "it was this or a trip to the pawnbroker". GLA and I hope we see some nice top-ups from anyone who has any cash left at the moment...

Welcome, Reap! It's not often I recognise a name from the MTL ghost-town BB, but that must mean you're one of the good ones. SEED has huge scope (IMO, blah). I first bought in because I'd bought loan notes in Northern Leaf for its pre-IPO raise.

With the worry of some over-valued IPOs recently (although ROO has pulled its socks up, now...) I figured it would be a natural hedge to buy into FFWD who also own a chunk of Northern Leaf - with the view to selling FFWD before Northern Leaf's IPO. That way, if Northern Leaf was valued too highly for the IPO, I'd benefit by the FFWD sale; if not, then from the IPO

...except the more I looked into FFWD's investments, and their transition to SEED, I think I'm more excited about them than my direct Northern Leaf notes!

Halifax offering 23.732 on a dummy sale of £10k

https://www.youtube.com/watch?v=ojC0mg2hJCc

I'm with Jersey girl on this! Let's hope price stays low for long enough that we can each get our next pay cheques invested. (Where in Jersey are you from? I lived up La Pouquelaye for a good few years...)

Ps @Hazbeen
It will be VB who enact the dilutions... and at a 58p option, right? (from memory, but... close, right?) So, why would they have a plan to dilute the company to 25p per share by paying 58p per share? That's just silly. Those are the words of a silly goose, Hazbeen... (IMHO)

Long may it last! I'm getting invoices raised to clients at double speed, so I can get in more cash to put here. (Also Invinity, who'll be using a lot of vanadium and appear seriously undervalued.) In for the long term, so I'm happy for the low prices to linger a little longer.

...after yesterday's presentation?!

IMHO, the message was: "you lucky little baggers, you're in the right place and it's now time for IRR to achieve great things."

https://brandlive-upload.s3-us-west-2.amazonaws.com/870/documents/5ub4tieqqm/IronRidge_Resources_(IRR)_Corporate_Presentation_-_July_2021_13072021_V1_(1).pdf

Does anyone else think that the log of trades for yesterday looks as though someone was closing 3x short positions, with a total of 60,000 shares at 117p and 20,000 at 118p... which look to have been settled across four buys. Not got my calculator out, but looks as though there'd have been a small loss. If this is the case... is it a strong sign of confidence from whoever made those shorts in the first place? Does this mean something's likely to springboard soon? Just topped up another £2k.

Normally, things that seem too good to be true put me off... but I can't find any good reasons to NOT keep topping up. Just another little £1k... but they're adding up now!

...does anyone know where the cheap deals are coming from??

I invested directly into Northern Leaf's pre-IPO raise a few months ago. I only found out afterwards that FFWD (which I held) had done the same. Now Chrystal Capital are getting in touch to see if I want to buy into Yooma's dual listing. Am I right in thinking it's better to invest here (esp. if headroom in ISA) while SP is still so far under NAV? Isn't there more of a discount on the Yooma holding via FFWD than direct...??