The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
They didn't reply to several emails I sent. But you will see from url on their website: https://feniksoplc.com/investors/aqse-growth-market-rule-4-14/significant-shareholders-table/ that there are now only 4 significant shareholders and if Savanah Energy Investments Limited still had an outstanding loan they would have voiced their concerns by now I would have thought. In the Interim Report 26 Sep 2023 they say: As at the end of June 2023 LOGI had complied with all conditions of the Settlement Deed save for the cancellation of certain shares in the Company owned by Lekoil Nigeria, Lekan Akinyami and Samuel Olutu. The total shares that should have been cancelled are 107,658,847 ordinary shares. On 2 August 2023 the Company announced the surrender of 106,443,637 ordinary shares held by Lekoil Nigeria to the Company for nil consideration had been completed. The Company has agreed to extend the period during which the remaining 1,215,210 ordinary shares that are required to be surrendered by Lekoil Nigeria in accordance with the terms of the Settlement Deed until no later than 15 December 2023 so the fact that is not listed among significant holders is positive. Finally, if you click the HOME page on their website they make a statement: This website is currently under reconstruction and will be updated in due course. They would not be bothered to update their site if their were any serious problems I rightly or wrongly assumed . You could phone Brian Stockbridge +44 (0) 20 3855 5551 being the point of contact on the last RNS ie RNS Number : 8370A Fenikso Limited 25 January 2024 . If you get any info before the next RNS please e kind enough to post it on this Share Chat message board. Good Luck
BHP considers additional listing in London for demerged company https://uk.news.yahoo.com/bhp-considers-london-listing-demerged-company-145138176--finance.html
The rise today appears to be due to this article: https://uk.finance.yahoo.com/news/buzz-fresnillo-clearer-skies-2015-085734941.html that said, you were spot on New Kid - is the only way up now? I am well down on FRES even my top up purchase to get a lower average shows a loss from what I paid for them.
If you go to the BHP website and send your query to them via this url: http://www.bhpbilliton.com/home/contact/Pages/default.aspx you will get a detailed reply as indeed I received to my query. BTW, shareholders will be given the opportunity to vote on the demerger proposal and it is the new company that will not be listed in the UK but you can still hold your shares in that Company which will be listed on the ASX which is the demerger goes through will be my chosen option.
Hi Elvis, I am watching FRES sp and will buy another tranche once it turns more positive This is the 6th day on the trot in the red - looks oversold to me but because since my last purchase of 898p it has contiued to fall I thought I would take my time and buy after I see it closing in the blue. Good Luck with your purchase. I am sure you will make a profit on your price.
Hi Hughsie, pleased to see you back on this BB for you appear to have a good feel for this share. Do you see this going down to 810p then? I bought more on Friday at just below 900p thinking that to be a good price albeit Ipaid a lot more than that for the rest of my FRES holding. I am seriously thinking of buying more next week to reduce my average even further hence my seeking your opinion or indeed anyone elses's as to which way you see this share going in the near future. I have convinced myself that I might make a profit on it in my lifetime, albeit I am on borrowed time!
First time for ages I decided to top up on FRES this morning, alas I am already showing a loss on my new investment but at least my average price of my FRES holding is reduced. Lost for choice which shares to top up today, undecided between RIO, RRS, BLT and FRES and plumped for the latter - hope I do not regret the new purchase. Any opinions on which way FRES is likely to go in the short term.
I think this news item has caused it to drop badly today together with my BHP shares that are also down, namely: SYDNEY, Aug 28 (Reuters) - The state of Western Australia on Thursday said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A$1 billion to A$2 billion ($1.9 billion) as its resource-heavy economy adjusts to the collapse of a decade-long mining boom.
Hi New Kid, yes this seems to be out of favour along with my holding in RIO but how far it is going to fall is the big question. it goes ex divi next week yet is reacting to the news from Australia ie that the state of Western Australia said it planned to sell government-owned assets, including part of the Port Hedland shipping terminal, for an estimated A$1 billion to A$2 billion ($1.9 billion) as its resource-heavy economy adjusts to the collapse of a decade-long mining boom. What is your view on this share following that statement?
Hi Elvis, I enjoyed reading your post and after looking at ALL of the BBs of the shares that you mentioned, I appreciated your valued input even more. Personally I look for dividend income as the paramount criteria for my future investments and tend to top up selective mining shares in my existing portfolio that I have fully researched and regularly monitor rather than going for making possible huge capital gains on speculative mining shares. Interested in your comments about persons of my generation enjoying life, I work on the principle that I have been on borrowed time since I passed 3 score years and ten and that was some time ago! Have a good weekend. BTW I enjoyed the racing, great meal and wine, lovely sunshine but only one winner but since I only speculated £2 per race I didn’t lose much. My friend who took me suggested we do it again in 3 years time!
Hi Elvis, yes you summed that RNS up perfectly, at my age I think I am into this share for my lifetime for I am sitting on a huge paper loss here and although I do think this is a great company well managed and paying good dividends I decided to top up to buy more RIO overnight, I left a buy order at £32.55 and to my surprise it was executed at 8.08am whilst I was still asleep - that company is huge but generates great income twice a year and in my opinion is very undervalued. What is your favoured mining stock in the current market? Going to Newbury Racing today - haven't been Racing for 3 years so will be away all day but would be interested in knowing of your current favoured stock when I get back ATB
Goldman Sachs Strong Buy at £25.30 which was reiterated yesterday, I think they first stated that opinion on June 3rd albeit the June 3rd entry has now been updated to express their opinion for a strong sell. Was this an LSE error that Goldman Sachs asked to correct or a Goldman Sachs internal blunder - hell of a difference in the two opinions? More significantly what is it going to do to RIO SP - will it have any impact or will yesterdays strong RNS be the main influence here?
How do you view yesterday's RNS? I am still sitting on a big loss here but overall I have done well recently with my RRS, BHP and RIO holdings so cannot complain for all three went the right way after topping up those shares. I didn't top up my FRES for I'm feeling a little nervous about this holding and the RNS unfortunately was not a comfort!
Trust this helps educate you, alas, its above my comprehension - http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_top_reversal
Hi Hughsie and Interllght 84. My advice for what it is worth is not to try and catch a falling knife - I have made that mistake more times than I remember but hopefully have learn't my lesson. Today's drop is a combination of the trading figures and drop in gold and silver. How far it will fall nobody knows but to try and catch or anticipate the bottom could be a wrong move - wait for SP to stabalise with some substantial buying. This is a well managed Company, pays a good dividend and I believe will prove to be a rewarding investment given time. Good Luck everyone in FRES
I am hoping this can stay above £10 but as Hughsie pointed out the other day there may be resistance at this level following the recent dramatic rise from the years low. My mining shares are all showing upward movements from where they were a couple of weeks ago, but alas I am still recouping losses. I was surprised New Kid hasn't commented with some words of wisdom, I think he said he sold these shares the other day and just retains his freebies in it.
High Hughsie enjoyed my cuppa today. If New Kid (NKOTB I thought might mean new kid on the block) observation was right then the £16.5K the player made has evaporated overnight! If you hadn't blocked him we could have done with your input in trying to educate me about your opinion on the spike he noticed that he believes was a sell at 9.33, Driving tried to get to the root with his post but New Kid's response was to ask for others to contribute and nobody so far as. I do hope this gets through the £10 barrier soon and goes upwards and upwards. Got a little concerned last night when I read the article on url http://seekingalpha.com/article/2026021-gold-and-gold-miners-have-topped-out?source=nasdaq for I noticed that their emailed articles do sometimes impact on the price but also, so far,not today! Have a good day.