Member Info for samval2403

Nice read Catbert

I like your commitment to living the gimmick and the cat life too

I've been downbeat here for a little while, honestly because I identify with those that are cutting their losses. The pain for a no-deal scenario in many ways is more than the gain from a 70, 80, 90p sale right now for me at least. Cashing out knowing what we know seems foolish right now but there's a reasonable chance it's a great idea too

Maybe it is time for a long nap

It absolutely won't. If no one wants it it's for one of two reasons

1). Bill and Glenn want too much. This is unacceptable. An example alternative is going for 2m Oz which would cost another $11m at current discovery rate. That's over 50% dilution.

2). It is considered too low of a grade and too much of a risk to build a mine by suitors. That's insurmountable.

Neither should happen, but they can, and the market is more likely to be right than you or I. For avoidance of doubt in myself I've still got a big holding here, 1/3 of the portfolio and I'm ecstatic I halved it at 18p a little while back. I still will be if this sells for $100m.

"On Landore, even if this is not sold by the time we cross $2500 gold, the share price will ultimately follow GDXJ, and in retrospect it won't matter whether or not its upside move lags GDXJ by a few weeks. Just a bit sad for those committed long term holders that gave up near the bottom."

You're a little optimistic there expart in your omissions. It doesn't matter that it will follow the GDXJ if it crashes hard and then follows it.

Michu, trouble is Landore have form for not giving us updates at moments they're warranted. It's difficult with that truth to say we're closer to no stage two than a stage two being prepped by Strand Hanson + the board right now. I said before that they should have known their preferred suitor weeks ago, if they exist of course.

It's poor form to have no update regardless. Either they have nothing and some believers are buying in here before a big drop, or they do have parties interested and some investors are unfortunately cutting this with the diabolical SP and uncertainty. Either side people are being burnt by this.

For me Bill if they don't have a stage 2 is not fit to run a public company with these sort of Comms. Silence is only golden when your share price performance is good.

A cursory glance at things like the GDXJ, FTSEs, Nasdaq, S&P show that the world is expecting the bad times will go deep.

People are going sell; even something like this with near term catalysts like Landore, to preserve capital if they have something in mind for it. I sold half mine last month at 18p and I don't regret that. I'm planning to get on the property ladder soon and need to minimise my risk profile.

Point being manipulation gets spouted around a lot on AIM but this could very easily be a few big and a few more smaller PIs deciding to mitigate their risk and reduce their exposure.

Largo themselves hit new 12 month lows today.

For all the trashing they get as bot posted rubbish this part rings very true "But it is future earnings, more than anything, that will determine Bushveld Minerals's ability to maintain a healthy balance sheet going forward."

Bushveld always seem to be at a pivotal point where there fortunes are close to transforming in the right conditions. 5k mtv and solid V prices this can do very well.

Clark I hope the bottom is nearly in. The drop to under 5p brought it back to my attention, the V price right now in all jurisdictions, alomgside what I still say were good reports in June / July Vs market cap lead me to believe this is a bargain now.

Bushveld been letting people who thought that down for 6 months + though.......

I've never seen a post that sums up the bull and bear case so succinctly Chris!

I came in here (again) because the economics Ben rightly pointed out at 5k mtv + can be outstanding. The ride there is tortuous right now though.

Nice post Ben

At 10p a post Calamari wouldn't have made much more than a fortnight's work at McDonald's would pay in almost 6 years...

Since Calamari is such a legend here I'd like to think the pay rate is over 10p a post :D

Though as always it'd be nice for there to be less of a witch hunt for the supposed derampers, and a bit more acknowledgement for the fact that the company are not terribly far away from being in more trouble.

Fortune has a lot of work to do to make the spin-off work, and it seems like the spin-off needs to work because they can't keep plugging capital from the mining business into it.

After the spin-off though this will be such a great mining business at this market cap IMO.

Go back to Reddit oneforthemoney. You're a better fit there

Last year's AGM was the beginning of the decline Longlad. Only a brief Christmas pump to 8p since then. Good bye forever 8p indeed.

I'll be interested to read about what happens at the AGM but short of some seriously good news I don't see any reason to support the company any more. Only saving grace at this time is that the share price vs NAV is still so low that there is a half a chance that holding into the AGM is a good idea. That'll potentially be my final day as a holder here and if it is I definitely will not come back.

No doubt there'll be another pump at some point though......

"Taking these factors into account and the feedback received from those parties who have expressed an interest in the purchase of Leap via an M&A transaction, the Board of SEED have re-assessed the likely realisable value of Leap"

Anyone looking at M&A for Leap doesn't even think Seed's share is worth £8m. Lofty valuations implied by Ed (that he'll blame the macro situation for not happening), many more mentioned here and elsewhere.

LGP huge loss, Yooma bigger loss, Eurox had a great raise but when the next one comes will they be so fortunate? Everything else either a CLN ticking over or a fair bit away from liquidity.

For me Seed was pretty much all about Leap, I was hoping they'd get £15-20m and get some momentum. They pretty much just told that isn't happening, at least not any time soon.

If this RNS got released and the SP was 6-7pish this'd have caved hard. It's only that it's down in the dumps that it held up. Not even worth selling for the 8p+ averages.

So do not me too 'derampers' to those trashing this Bergo. They have every right!

Copper $130m in B4-7, Platinum small at $15m

https://www.lse.co.uk/rns/LND/final-results-and-notice-of-agm-bne2wfveefw7tb1.html has the details on the battery metals deposits Bobbin. I did some calcas on the B4-7 a few weeks back and there's a boatload of Palladium (c$140m) + Cobalt (c$100m) down. Overall I had it at c$900m in ground. VW deposit I haven't done but would take the value well over $1bn ($200m ish based on NiEq tonnage)

BAM still the crown but the battery metals seem to have value. No idea whether it's commercial to mine though, the project was classed in the report as 'low grade' and they moved on to BAM for a reason. Think the broker had it at 17p a share ish for battery metals+ exploration potential.

If they could sell that for £15-25m and grow BAM that'd be an interesting left field outcome of the SR that would be interesting to be a part of.

At GGP market cap dilution would be tiny as part of a finance package, 3-4% maybe.

The RNS are comprehensive for GGP. The need for statements is just a PI comfort blanket. The show goes on and GGP will do well, the business has had a good year, the junior gold market less so!

Overall message: selling IMO is either people that need the cash right now, or are either too short-sighted or impatient to see it through.

Nobody new comes along here, but if Leap delivers they'll find their way and we can be early.

You're not wrong JK, Yooma is a disaster, but this is an investment portfolio not just Yooma. LGP has really only just lagged the rest of the market and Eurox has been a delight. CLNs ticking over and always a chance Juv performs. Not mentioning Leap there which even if cashed in at the NAV gives the company the market cap right now in cash. Leap is growing exponentially from even 6 months back.

There's been a lot of with hindsight unwarranted optimism from Ed + the bulls here but Leap is a potentially great business. A potentially great business that Seed + Yariv own over 50% of and will want to get paid well. Ed also needs cash to take the fund the way he wants to go. Overall though like I said below, not much needs to go right from these levels.

Plenty of past negatives, and still present ones. Future has to be good from 4p though.

Outrageous predictions JK. Eurox + the CLNs are worth over that.

That's the buy signal folks, overly bearish predictions are often the sign the bottom is near. It'd take woeful management to go down that far, which of course the majority here believe is possible...

Barwick. Eurox boost was just 4 months back, a massive win in a massively depressed market. Boost to the SP from it lasted about a fortnight.

"Eurox Group ("EUROX"), a German-based, European vertically integrated medical cannabis company, which has raised a total of €4.4 million (c.£3.67 million at today's exchange rate) from new and existing investors at an approximate 62% premium to its July 2021 fundraise (the 'Fundraise') in which SEED invested approximately €3 million (£2.58 million)."

For now Seed = Leap until such a time as it doesn't. We may get our liquidity event this year, maybe not. If Leap just sold at the NAV value the company would have more cash than the market cap. I don't see what's not to like down here at 4p. I bought more this month and I said a while back I'd give up on new Seed shares, so little needs to go right for a return.