Member Info for Sageman

Gusto, can't you read a chart?! This share goes up every December only to typically fall back in January. Based on that I can't believe people are selling at this time.

The seasonal nature of this stock is compelling

Espen , every now and then a real c u next Tuesday turns up. I was wondering were you bullied at school? When was the 1st time some one told you that you are obnoxious? Gloating at the losses of others says more about the gloater that those making a financial loss. Losing a few pounds is better than being a walking four letter word. Jog on.

I sold the bulk of my shares in the mid 30's. I just bought back 100,000 of them. I have been waiting to see a bottom and then the start of a recovery. Not sure if this is it but didn't want to catch a falling knife. Time will tell if this is the bottom but I feel this is a good point to start to buy back. For me this is a long term slog with 2026/27 being when the management strategy of debt reduction will start to bear fruit in terms of the SP.

The whole business plan is centred around sorting out what was a near catastrophic debt position. The sp hit 7.5 p as a result and everything has centred around reducing debt - now $1.7bn and improving credit rating and cashflow. This curtails our ability to invest and in the meantime the politics are not helping. The company is much stronger as a result of financial discipline but it is a long slog. In the meantime there is little incentive to invest and the sp drifts.

I still retain a small holding here having sold the lion's share mid 30's. The sp fall looks overdone but the trend is your friend so I sit on the side lines waiting to reinvest. My B/E for what I hold is 28p and I never expected it to be breached. The results held no surprises but with debt reduction the order of the day there is little here for shareholders for now. I sit , I wait, I watch charts....where will the bottom be?

Personally I take this bulletin with a pillar of salt. The most vital thing that happened recently was the placing. All the so called experts shouted down anyone who even suggested a placing was possible. I suggest the “experts” learn a little humility. Also the satellite image confirms very little as it is so out of focus. I guess you can read anything you want into it. Reminds me of reading tea leaves and at this stage about as useful!

The dung bird has returned or should I say bird brain!

We needed a change of government but this election exposes the weakness of our electoral system. Labour has a landslide with circa 34% of the votes cast and circa 21% of the total electorate. A bigger majority than Blair who had circa 43% of the vote. Labour do not have a massive mandate from the electorate but they have a massive majority. For our system to work well you need proper opposition. Robust challenge. In power Labour need to be humble. They are the least worst option. They are not what most people actually want and must govern with constraint.

Ok say you pay upfront thereafter = no win no fee. If we win what fee is then payable? Does anyone know please. I have a 6 figure loss and am yet to join . I have a healthy distrust of lawyers having nearly married one and am very aware that they are never knowingly underpaid!

Last time there was a negative RNS bird brain went missing for a day. Then returned and was once again feted. The reality is he knows nothing. He utterly dismissed all possibility of a fund raise. In contrast others said that the company would want to raise before they became desperate. I didn’t expect it so soon or at this price.

talk about bad luck! i topped up yesterday but thankfully only bought back what i had sold at 4.5. i thought that we would see a placing but not until q4 and at a higher price. ah well **** happens. buck has spent $100k expecting to double his money or better so all should work out.gla

Lol Hopist, 470k shares is chicken feed in the big scheme of things. Interesting though that they wouldn't let the trade go through in one tranche. The risks here are well known (funding, political and actual flow). Only a fool would wait until they had no cash before they topped up so in the absence of production this remains a risk until we see the black stuff. The price is where it is for a reason. High risk, high potential losses or gains. But for now this appears to be attractively priced IMHO. GLA

Just bought back in total 470,000 shares in 2 tranches 250k and 220k. I think that 3.5 is strong support so this should be a fairly low risk entry point. Time will tell. GLA As always I hold the bulk and trade some. Ultimate goal is to hold a decent number free of charge.

FWIW large institutions have zero interest in companies with a 40m MCAP. They wouldn't want to hold more than 10% = £4m. If you invest £1bn for clients a £4m max investment is too trivial to be worth the research. It is just how it is. It does give smaller investors a chance to get in early doors before the serious players give it consideration. Many investment houses do not invest in companies under £100m.

Just bought back the 500,0000 shares I sold post RNS at over 4.5. This continues to be a trading share and will remain so until we go into production. Here's to the next RNS. GLA

Lots of hot air here compounded by the so called experts who know nothing more than we do. The way is clear, buy on dips , sell on spikes and retain some for the dream. Do it right and the stuff you retain are free carry so if the dream doesn’t turn up as expected you don’t lose financially. How I wish I had been told this 30 years ago…GLA

So RNS = spike. Intelligent investors sell some into the spike. Dung bird say buy on spike. Buy all time.Dung bird = bird brain = thick owl. Good luck all. Me, well I sold some at 4.6 and held the balance in case markets climbed. The question is when to buy back those shares?

I am holding the bulk of my shares for what I hope will be a large rise in the SP. However, it was nice to see the sp bounce over 4.5p. I was able to release a few at a small profit, something that looked unlikely a week or so ago. Hopefully others have had the chance to adjust their holdings too and feel more comfortable. If the sp rises then great. If there is a rise and the sp falls I now have funds to average down with. All in all a good week for long term holders especially if they did some smart trading. GLA

Without being political but that was another entitled post. So we have had Covid, global interest rate rises, war in Europe and you expect standards of living to rise?