Member Info for saintpeter7

Camkite - you are quite right. I have learnt that now. Thankfully, I have only owned shares in MILA since January when the SP last came alive; so not too long as you say now with any luck. I am also quite heavily invested (for me) in SMA, where the position is similar except there is a July deadline. Unfortunately I have an average in the 60s, having bought initially in the 80s in October last year when they were considering whether to have a JV to develop their main resource only then to decide to sell it and become a cash shell (bad timing for sure) but having since averaged down with buys in the 40s in December and January. Have you had any successful cash shell results?

As week by week goes by, I ask myself why did MILA bother listing. If the experts involved with this company cannot find an investment to make in over 6 months, they might as well call it a day and give investors their money back. So directors, make me eat my words! Have a good weekend FK, TheITcrowd, Ezhik et al and we'll meet each other again next week for the next exciting episode, haha.

and yet another week without any news at SMA. At this rate, I expect to still be waiting come July, but patience is a virtue, of which thankfully I have plenty. Have an enjoyable weekend Vienna and see you again here next week! As they say, we.can't keep on meeting like this, haha.

Interesting day today FK - It came as some surprise to see MILA on the leaders board for a while on the morning buying, but as ever, there seems to be a seller or few who then decide to take advantage. Mind you, I can't see many of them selling at a profit. I wonder whether there is news on its way shortly and a few in the know bought this morning? Expect not, but it would be nice to think so!

I understand your feelings Tillerman, but rightly or wrongly, I am more optimistic. The RNS announcing the cancellation of the AIM listing did say that it was still expected that the RTO with DBC will proceed. They have not bothered to list LIFE on NEX, which IMHO would have been a bad sign as it would suggest that the RTO was to take even longer. It is always a pain to have to wait for action to take place, particularly as the option to sell has been take away. But I just accept that I took a risk when buying shares just before they were suspended and I have to live with it. But, as I said earlier, I am still hopeful that we will profit from LIFE once the RTO proceeds - it is just a matter now of 'watching this space'.

I agree that the investment in VOL should continue to grow in value. it will be interesting to see whether some or all will be sold to finance the RTO for SMA. Now that KENV have Larry Johnson now well entrenched as CEO for KENV, I am hoping that GC will have more time to push the finalising of an RTO for SMA.

Hi opensource - I had wondered when this would happen because for the man who owns the majority shareholder not to be a director and indeed the CEO was surprising. Not quite sure how FOR will make its investments in luxury leisure and hotel developments, but perhaps as a joint holder with Gravity. FOR may be able to raise finance easier through Manish Karani's and the corporate adviser's connections for the acquisition of such developments. It will be interesting to see how things develop here. We may see a recovery of our investment yet.

Just seen the details of the potential Volcanic acquisition and very impressed. See that the WAMA gold resource is anticipated to be at least 1.5 m oz and some of the historic readings for g/ton are exceptionally high. Perhaps SMA should have held on to Mandiana which adjoins this new resource. Too late now.

Ant1986 - interesting that you got some reply from JM - even if it was 'Watch this space'. I'm still hopeful that some good will come from LIFE as I can't believe JM would want his reputation tarnished by failing to arrange something beneficial for shareholders.

Lovely sunny morning again here. Talking about food and drink, there is a great.place just off the Marbella to Estepona road called Cocomos which does lunch for less than 10 euros! They are always packed needless to say.. I know one place you wouldn't want to retire - Monaco. You might meet Unowho haha!

Hi Vienna -hope you are enjoying Easter. I am enjoying some Marbella sunshine for a week. Zulu would appear to be an excellent resource to JV in with PREM, but don't SMA have to have an RTO? So I am not sure how that would work. One of these days we will be celebrating.

Thank you for the source of the report. The SP is moving up nicely today and it may be the case that with those very large bargains yesterday that the large persistent sellers has gone. I am an accountant. I doubt that anything other than reflecting the new Indian accounting standards will show in the Accounts when they are published and it is possible that it may be a one-off adjustment. I look forward to reading them so as to know, as it may or may not have an impact on the mcap going forward. The debt financing is a drag on the company's profitability, but this will not be the first time that they have refinanced to improve the cost of debt and raising funds through an IPO of the subsidiary will naturally reduce the debt and therefore the cost going forward. All in all positive. So, on balance the potential reward here IMHO outweighs the risk.

Just dropping in to say Hi. Have you worn sa..zy out! One day we will get our reward for hanging on for GC and his Bod to get their act together! Pray they don't leave it too late.

Just found the following relating to refinancing the company's Indian subsidiary and an update regarding the IPO http://www.livemint.com/Companies/Djntx9LXoLzPCZ2ILqJ42K/Mytrah-Energy-in-talks-to-raise-Rs1800-crore-from-Piramal-C.html?utm_source=dlvr.it&utm_medium=twitter So who bought or sold today. Was this a major investor buying into MYT in the knowledge of what the livemint story reports? Will be an interesting day tomorrow. Makes me think now is the time to top up my holding.

Hi Monkf6 thank you for joining the bb. Looking again at the bid and ask at that time, I agree that they could indeed have been buys. Also, yes, the SP has been marked down by the mms, even on days when buys have outweighed sells. The Chairman said that the sharp drop in December was due to a persistent seller and the same has happened since mid-March. With the size of today's trades if they were buys by the same investor, being above 3% (I think), we should see a TR-1 in the very near future. We have 3 institutions owning more than 3% each already. IMHO, the current share valuation really undervalues the company. The company's brokers Cantor Fitzgerald have a 135p target value on the company! There are the rumours about the company's Indian subsidiary looking to have an IPO. I am not sure what effect that would have on MYT's SP if it had one; presumably a very favourable one because of the value released, compared with its current mcap. I'd love to know what is really going on! The comfort for me has been the TipTv interview on January 6 by the executive vice-president Bob Smith on how he saw the future for 2017. I haven't seen the article about ReNew. Can you point me in its direction please?

According to my reading of the daily chart, get past 8.25p and we meet next resistance at 9p. Looking good and importantly backed by the facts that FBT is a growth company and an important player in a dynamic industry with news to be reasonably expected from its year long trial with the BBC not that long away.

According to HL, suddenly 8p paid after 7.5p, not even 7.75p! MMs must be short

Anybody know why the massive sales this morning - something like 4% of the issued share capital for £1.7m. And then the subsequent buying.

Have only just started to look at this company after it having a decent rise today on a small number of trades. But at 30 June 2016, the Accounts showed cash of €495 and they were spending about €100 every six months. So I guess they may have about €350 at present, depending on how much the 5 licences just acquired cost them. Chart wise a rise from Monday would go clearly above the 50 and 100 dmas which are almost the same and the SP could rise towards the 200 dma at 1.79p. Mcap £865K; total float 75.6% and directors holding c.16% per 4-traders.com. Interesting, worth looking at further.

Likewise. A finish at 7p or above would be good. Then hopefully, more pis will look at FBT over the weekend and see that this is a growth company at a low mcap for what it is and to be bought on Monday.