The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Don't think the end of war will make much difference to the SP or sentiment regarding the company. The sanctions and animosity between Russia and the West will continue for a long time. This whole thing regarding asset(s) sale was dragging on well before the war. I recall at the beginning of the war, over two years ago, the board cited that a BRICS or supposed BRICS (Saudi, UAE?) were in negotiations. Artem was appointed almost two years ago to speed up the sales process.
Nothings happened and I don't believe anything the board says regarding time lines. In January 2021, in that infamous and appalling RNS, the board cited Christmas and New Years holidays for delays in sale of asset(s)
I just think that with funds running out at the end of Q3 and difficulties in selling the £3million concentrate, any prospective buyers will just drag this out. Even if they sell the concentrate, then with salaries and other costs, that won't last long either.
There's another thing, perhaps the board are alienated and drove away prospective buyers.
It could also be that CS and the board are happy to live off fat cat salaries and the corporate lifestyle, hiding behind NDA's, until they have to eventually do a significant cash raise early next year or in 2026, to keep the gravy train running
It certainly doesn't look good at all
Let1be
With funds running out at end of Q3, What are your views on the £3 million pound concentrate?
Does WK generate substantial profits?
Can MT be mined?
MT will probably require millions of pounds, probably tens of millions of pounds, if not more, to become operational
Scottydogg
This Sakhalin stuff reminds me of the kid at school who wants to be a surgeon, yet can't even pass his GCSEs
Similar to the board here and other AIM companies like Oracle for example. They talk about pie in the sky projects elsewhere but can't even get the bread and butter basics, which their long suffering shareholders invested in, right.
I just feel that this talk of Sakhalin is literally taking the p out of long suffering shareholders
The over ambitious projects like Sakhalin are just pipe dreams, considering the board still can't seemingly conclude negotiations after many years. Dangling the Sakhalin Hydrogen project is pathetic and reminds me of Oracle Power and it's dangling of several pipeline projects, when they can't even get the basic bread and butter Coal Thar project sorted. Even the most ardent supporters like Keith are expressing misgivings now. I think it'll inevitably be the same here.
Oracle Powers share price has tumbled to 0.025p and no doubt this will be going to under a penny
Even if the war comes to an end, the faith in this company from the markets and investors alike is plumetting.
This farce was dragging on before the war and I'm afraid the war ending won't make a jot of difference because the sanctions will be in place, but more importantly, the Board and CS are totally incompetent or they just prefer to drag this out indefinitely over many years, drawing fat cat salaries and living the corporate lifestyle
There's a reason as to why Yellow Jersey have been appointed. If there was a chance of a sale occurring anytime soon , then why bother appointing Yellow Jersey. It's obvious that this is going to drag on big time and hence Yellow Jersey have been appointed to fend off angry long suffering shareholders
The whole thing stinks!
WTF
You made a bizarre comment on buying on dips.
This is at 1.5p. It was once over 40p.
This RNS today and it's legal farce involving over 10% of the company ensures that there can't be a successful conclusion of sale of asset(s), whilst ownership is contested. This could take at least two years if the original dispute between Eurasia and Queld is anything to go by.
No conclusion plus more sanctions as war drags on = SP plumetting further
It's absolutely utterly desperate and totally pathetic that folks are looking to charts in vain hope.
We've had well over three years of putting a positive spin on countless "kicking the can down the road" RNS's.
This latest RNS has just booted the can a further two years down the road.
Whatever the board says in neutrality, its obvious that just like the war, these legal shenanigans involving Queld will affect the company.
There simply is no way anyone would want to buy significant asset(s) for the sums quoted when there's significant legal issues surrounding ownership of 10% of the company.
Nobody in their right mind would depart with money in these situations involving court cases
I'm sorry but today's RNS has really put a dampener and knocked out any positive hope of a successful resolution soon
The farce continues for at least two more years
This RNS basically means that this sale of assets, which has dragged on for well over three years, will continue to drag on for a few years more. We're talking of more than 10% of the company's ownership. If a sale is agreed, then how can the company put it to shareholders in an EGM, when there's a legal battle regarding who the rightful owner of a major part of the company is.
Who would want to buy assets from a company where ownership over 10% of the company is in dispute and it's all going through the courts.
Surely any prospective buyers would want things crystal clear and without any legal disputes and on going court cases.
The prospective buyers will just sit out now
CS really needs to go after this disaster
Absolute utter disaster.
Basically, This legal stuff regarding Queld will now drag on for a few more years.
With just over 10% of the company being fought over, there is not a chance of anyone buying EUA assets.
This company is plagues by murkiness and hides behind bureaucracy.
Dreadful!
The Spanish government wants to get away from the Euro and trade using blockchain currency with the Chinese, Russians, Americans and others.
The Spanish see the Blockchain currency as another tool to finally economically finish off a deindustriallised Germany.
The Euro will be completely worthless
The board have continued to engage in shoddy and dodgy folks and is it any wonder that this company continues to be plagued with unscrupulous folks who attach themselves as leeches to the company
I'm afraid the writing is now very much on the wall. Expect more money wasted as legal issues now arise involving queld and this Marendo company. I don't expect this to be resolved this year and so this will definately drag on well into next yeat
Sale is definately off this year
The elite group based in China which are controlling both the US deep state, Russian deep state, Putin and Zelensky, will be the big winners from the Ukraine war and the deindustrialisation of Europe.
This elite group was previously based in London and Washington but now they run things from China.
Why do you think China has risen so quickly and with really beautiful amazing cities.... The puppet masters behind Putin, Zelensky and US deep state all reside in China.
This elite group was previously based in city of London and Wall Street but no more
Putin is working together with the US deep state.
Boris Johnson is working for the Americans.
Both Putin and the US deep state are working in conjunction and together to finish off Europe for good.
Zelensky is actually in cahoots with Putin. There's a reason why Putin hasn't killed Zelensky. Zelensky's job is basically to clear Ukraine and make it ripe for the Russian take over of Europe's bread basket. Blackwater and Vangaurd will get the Western part of Ukraine
These leaks involving the Germans is to basically openly throw the Germans under the bus. The role of the Greens in Germany was to basically follow the Americans in complete deindustrialisation and America gains Germanys industrial base. The rest of Europe will follow Germanys deindustrialisation
Offler
I'm telling you that Russia and USA are working together to destroy both Ukraine and Europe, in particularly Germany.
Russia gets Europe's bread basket
USA gets Europe, in particularly German industry
This is what this war is about
Russia and USA are together in this