The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Most the of the problem is oil prices , yes the delisting hasn’t helped the situation. It’s where people see value , at these prices there is value perhaps those at higher prices of 15p didn’t . It’s all about potential growth and oil sorting itself out , everything’s a cycle and at the moment we are currently seeing the bottom of the cycle . Next year will be a different story .
Yeah apologies , that was wrong of to say that twice .
Next quarter the broker note said recently they expect a 500% uplift in price I take that with a pinch of salt . If it indeed hits 10p on momentum then great . Major catalysts for 2024 are expanding operations .strategic partner which could have q1 that’s my thoughts . Apologies for misleading .
Nice RNS this morning. These results make for good reading and add even more confidence to the company . It’s an easy hold from here . Next year will be the catalyst for this company imho a lot bigger things are on the horizon
I personally see the next quarter certainly heating up here . This month maybe slow as the markets do come to abit of a holt January thought could really see some positioning as we have seen recently here.
Also take note of the1 million buy order again yesterday and a nice buy at end of play. Perhaps order filling imo , however it’s the management and results that will drive this higher and they are delivering the results and performing very well imo .
For anyone that missed the Q&A yesterday I would watch it , for someone who has only Ren following this for a short period of time this is how a prospect mining company turning in a producing and operating one is done . Very impressive.