Member Info for rejucht

A bit concerned that with Silver ATH over 80 USD the share hasn't moved out of its trading band. No idea what to.nake of it as a long term shareholder. Either there is no silver in the ground or the market had just forgotten about the share and it's a screaming bargain. My other silver producer shares have rocketed in last few months.

Thanks for confirming what I thought. I have no immediate plans to sell my shares and will wait and see if I can collect dividends. I was thinking about the other post in which it claims the majority shareholder can just pay himself a dividend by creating a new class of shares. I am not sure legally that can be done so easily . Yes new shares can be issued of a new class but they cannot convert their existing shares and ignore the minority shareholders surely under IOM law? Anyway all is not necessarily yet lost. Time Will tell I guess.

Thanks for that information. Do you think there will be any exit strategy for minority shareholders? OTC market or the majority making an offer to buy them out? If there is no dividend guess they become worthless effectively.

No expert on how spread betting companies operate but could this be a hedge ooeration by them to offset bets they have accepted. The punters benefit from no CGT so don't buy the stock themselves so operate via a share betting company which will derisk by itself buying in the market. That is my guess. May be completely wrong so happy to be corrected.

I tried selling my OPG holding today thinking itvwas possible but my broker suspended trading the 17th Deceember without my realising it so I will now be stuck with OPG unlisted shares effectively worthless. Does anyone know if the majority shareholder under Indian corporate law can declare a dividend and only pay his own holdings or will he be obliged to pay all us minority shareholders not Indian resident the same dividend as well? I imagine that it will be possible to receive the dividend outside India at normal Rupee foreign exchange rates? Any advice from anyone like me who will become a minority shareholder much appreciated.

Can anyone explain how Silver price rises today and is over 50 USD per ounce and the early EH drill results are announced as encouraging the UFO SP drops again today. It is down 30% in the last month. Is someone unloading large amounts of shares?

It suddenly occurred to me given the considerable serial dilutions since the 40p high a couple of years back that 26p today is the same pet issued share in total OMI capitalisation as 40p was in the past at previlous share price high. I've held the stock for over a decade so just about breaking even now after inflation.

You were right. It was clearly panic and heavily oversold. Wish ow I'd bought more and averaged down but lacked the courage. It is unclear how much buy backs actually happened but far less of cost than the dividend earmarked for distribution.

My read of this Edison note is one of cautious optimism and makes me more confident to average down at these prices as the downside now would appear to be fairly limited. That said all my readings about this company were positive but I'm still nursing huge losses over 3 months of holding GRID.

Just noticed RNS today stating company has bought 133.9k shares at av 50.1p. Obviously a small number as only £70 k but can one infer that the BOD and Jefferies think the shares are good value at this price and may provide a floor to risk of major further downside? This buyback encourages me to dip a toe in the market at under 50p SP. Any other under water investors in GRID see it the same way as I do?

Tempting to buy small lots to average down but the dealing costs become significant for those of us subject to

flat rate fees. The share buy back could be a stop on the downside if the market guesses at what level it kicks in. I believe a company eventually publish the price they paid to buyback.

The SP has bounced off the 48p low to close north of 50p. I'm still nursing a 60% loss in 6 weeks. I'm wondering is this a dead cat bounce or is GRID buying back shares into Treasury below 50p. If it's the latter will they give any indications of share buy backs and is anyone else considering averaging down. Unless the company goes bust the chance of profits and SP recovery in the next 18m must be good?

I mean GSF sorry for typo

GFS is geographically diversified to non UK markets were BESS is more in use and better paid. GRID is only UK and has only one USA project and I wonder if this is still viable if the company survival is in jeopardy.

I hope your optimistic view is right. Last and only time I took such unexpected losses over only a month I averaged down only to see the company go into liquidation and lose my entire investment. The long term solvency of GRID must be in question now for some.

I've lost 60% of my investments in a month so very painful. The persistent unabated selling suggests some people knew the situation was far worse than the information in the public domain suggested. How they reached that conclusion is an open question.

Inevitably twist. But when was this decision taken and who was aware of it?

The last time I had a share drop 50% in a month on me like GRID it filed for bankruptcy a month later and we shareholder got nothing. The GRID BOD should issue a statement with a profits warning, announce a dividend suspension but issue an.assurance the company is trading as solvent.

Can you provide an email address as I would do the same. Let's publish the response here to share it. This kind of destruction of value is highly concerning.

The collapse in the share price with no comment or explanation by the BOD is frankly unacceptable.