The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
This was dragging on well before the war. The board at the beginning of the war put out in an RNS that the BRICS nations or likely BRICS nations were interested in acquiring assets. Two years ago the board brought in Artem $100 billion M/A sales man to speed up the sales process
All that's been achieved is decimation of share price, erosion of faith and trust in the board. Unfortunately faith in the board was eroding prior to the war.
Even if the Ukraine conflict ends tomorrow, the cold war and animosity between the West and Russia will linger on for decades.
Even if Russia was best friends with the West, I still woulden't expect or have much faith in the board.
It's been an absolute shambles but in hindsight, I should have sold after that appalling RNS in January 2021 when Christmas and New Year holidays was excuses used for delays.
I can see this going the same way as Premier African Minerals by end of the decade.
this company is resembling the canadian company bree-x. they more or less promised an aladdins cave full of treasures and gold but didn't even have a pot to p155 in.
it's all about dragging this out for years on end with the board living their corporate lifestyles and drawing big fat cat salaries. nda's are convenient to hide behind and yellow jersey to fend off angry long suffering shareholders.
it's obvious that this is what's really going on and it's pathetic
in 2025/2026... expect a huge fundraise by issue of a billion or more shares so that this lifestyle company can continue
the board are like a bunch of corrupt ****roaches politicians
There is a lack of faith in the board and with very good reason. It's coming onto two years since the $100 billion sales man was brought on to speed up the sales process. Nothings gaporned and if anything, it seems the board were suckered in by a complete con man.
It does seem to me that UBS and DLA Piper need to be sacked. It's obvious they're very detrimental. It woulden't surprise me if the board, DLA Piper and UBS are working in tandem to off load assets to a Western Capitalist Mining giant for pittance.
Probably a distressed seller(s) and urgent cash calls
Absolute utter joke. You put faith in the board, invest for many years and then need to sell urgently to pay the bills whilst SP is around 1.4p
The board are a disgrace
We've been desperate for significant update for many years now.
Unfortunately yellow Jersey were appointed to fend off angry long suffering shareholders because no significant update is due anytime this year
The Share Price is now 1.4p.
We've had this nonsense for years now.
The board are extremely arrogant and taking the p155 out of long suffering shareholders with this radio silence.
I know they won't come clean despite countless emails and phone calls. The Yellow Jersey were appointed to fend off long suffering shareholders.
I'd like to be positive and some days I am positive like at end of last week when BHP Anglo news came about, but the way this has gone over many years, I no longer am positive. We're almost halfway through 2024 and nothing.
Yellow Jersey were appointed because the board are simply not confident of anything significantly positive materialising in 2024.
Looks like some Americans are going to make a lot of money
JUST BUSINESS: US eases sanctions on 10 largest Russian banks
The American Ministry of Finance has authorized transactions with Russian banks for payments “for energy,” including for oil, gas and timber.
Two 953,000 sells already today, not to mention the huge sells end of last week.
It's a real shame that investors who bought into this share many many years ago are having to make distressed sells due to urgent cash calls.
The board have simply not looked after shareholders. So much for the "maximise shareholder value"
Builder12
An American NASA scientist clearly states why NASA can't send men to the moon.
The technology doesn't exist
In fact the technology has never existed.
Since 1969..how many actual moon landings gave there been?
You'd have thought for science and technology purposes they'd have a base on the moon and explored it incessantly
Fact is the 1969 moon landings are a massive hoax.
The moon landings in the movie Superman 2 look much more realistic than the Hollywood studio 1969 filming of moon landings