The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
SD's interview looks like an attempt to change the mood music round the company and set a line under the SP which may likely succeed. But his intervention then means were are still weeks away from drill results on the other tenements or he would have let them speak for him.
If we get a test of the mid 17s tomorrow and a nice bounce back then a big wave of money will hit the stock.
If NCM really are suppressing the price by deliberately slowing drill results and stomping on mini break outs by selling stock to bore GGP shareholders with this long period of range trading into accepting a lower price they may be succeeding. No one will accept the standard 35% uplift but if this goes on much longer they could get away with 38p, which would previously have been unthinkable. We need Goliath to roar and soon please SD.
The unit trusts which are invested in the larger gold miners have had a good few days this last week while the smaller uk listed goldies have sold off. We might be due some catch up.
I’m not getting too carried away. The next news will be Scally 2 and we may be back down for a double bottom.
No conclusion Fizzy**** just amazement that they are both working under the same jurisdiction.
Not worth nuthing, not even if you sell at 100% up? Doh.
Colin Bird at XTR is giving a ball by ball commentary as the cores come out of the ground. Meanwhile elsewhere in Australia after 14 weeks the silence is deafening.
I wish Scally would hurry up. There are so many tempting situations out there at the moment that I have to keep taking nibbles from my GGP holding. Once that money's gone and doing well it's hard to put it back.
If we get to the 2m tons which triggers Anglo's buy in is the independent valuation purely on that resource because , of course , the actual resource could be much larger. Or are we compensated for that by our 30%?
Even if we won in court it would be a pyrrhic victory as the local authority would bog us down in paperwork for ever. So if we negotiate a settlement will they keep to it or will they let us make good progress and then like all blackmailers keep coming back for more easy money? Do we need a JV partner with major muscle, perhaps American?
They are going to be judged on these, especially the early ones, so they will have put their targets at a level they know they will massacre.
I tried to buy £4K yesterday pm and all they would sell me was 2 x £1k. Apart from that you had to go down to lots of £500 which is daft.
If Scallywag strikes for GGP the SP there will spike and the resultant top slices will be looking for a home in the small goldies and especially here . Does anyone have any other suggested shares which have as good a risk/reward ratio as PAT. (I'm no BB purist - I appreciate tips, even cross ramps.)
One lesson from the experience of CWR and ITM is that Hydrogen shares in this market can spike higher and longer than you may have seen elsewhere, with corrections in between. ITM for instance spiked from 75 to 150, 100 to 350 and 225 to 400.
It wasn't clear to me where these new EV units will be assembled and how many of the components we will be making. ABB will want 1000s of units a month and even with our new facility across the road we are not geared up for that.
I hope the AFC obsessive of yesteryear, who hated criticism of the company so much he started his own website where derampers were given short shrift, is out there today enjoying himself and still holding his 1m shares.