Member Info for samval2403

Traders moving on to HZM, what a story that one is! I watched a snippet of an interview yesterday where ex-Glencore fella talks about how they pounce on the failing junior miners. It's a brutal business world as we've seen here with Leap and SWB.

500k+ a day shares and the buyback is done by the start of December. Average good so far, I'm hoping they can keep picking them up under 4p but this'll probably kick on towards the end of the month and they end up a bit short of the 21m by the time the £850k is gone.

Yeah looks like I have too much credit to the original comment. Sorry Paul

Could do with some more brains there Paul. There will likely need to be an equity component of any funding they do to stick to gearing requirements. This funding will be so expensive they'll likely want to stick to the original funding terms so as to not have aadditional expensive renegotiations. SP is significant and the market knows it better than you do it seems.

This isn't lending your mate a few quid to help his business. In serious corporate lending and investing you drive that knife in and then get the absolute best deal you can when you are the one in the driving seat. Your shareholders are the ones that you work for not theirs.

That's a pretty gross simplification of things gold investor. Have you read the details on the debts and when they have to start paying that stuff back? Not only do they seem to need at least $200m, they're also obliged to start paying the debts off in March and obliged to keep a certain gearing ratio which they can't keep.

I called a mate today and said that this is the saddest stock story I've ever seen (Sirius was before my time). Things aren't quite as simple as NPVs right now.

If they're going to release an RNS every single day for the shares that they buy it's going to cost them a fortune!

The thing that always surprises me with him is that he targets the same few stocks, eventually people are going to notice.

Wow, Qu1nt really is a banned word. Lol

*****

You get banned again Midas 😂

Can't get a username to last you more than a few days now. The video is nice to be the sort of thing I would show somebody who didn't understand the fund what Seed is.

There is definitely scenario in the future when that 50 million pound ramp is all people will ever remember Ed for, I think he knows it too. Look at Gaming Realms and how well they're doing right now, does seem that Seed genuinely got shafted on Leap by a bigger smarter prepared partner. Leap is one people can't say was a mates rates deal.

That is a big reason why I'm a fan of the current investment strategy, take smaller stakes in companies that they can help along the way without that potential to get taken for a ride.

The scenario does exist Kingsley where NAV level SP happens, but it'd be a few years in the making if ever

I've been here for a good couple years now Kingsley, obviously some of the other posters a lot longer. You're a breath of fresh air here in the sense that as a newcomer you understand and convey well what the opportunity is today, but you're not ramptastic about it.

Look at the results and the accounting of those costs Bagman. More of them than this board tends to give credit for are things that are not wages.

Sorry Dags, I'm not going to leave it, please understand I was not throwing you in as a basher. I was saying they're entitled to their opinion as long suffering holders and shouldn't be labelled like you did.

This is the only thing I've said to you today Dags

"Dags, Mat and Bagman are both long suffering shareholders here and you probably know it. If they want to moan a bit sometimes sure point out the good in retort, but I wouldn't label them 'bashers'"

I've said nothing disparaging to you, maybe chill out and listen to the investor presentation.

I thought they did a good job, they're very aware of the poor investor sentiment and want to improve it which hopefully appeases some hear. Like I've said a lot here recently I'm looking forward to hearing what the next investment is.

Mat, others, what do you think? New beginning or same old same old same old?

The Avextra position is still something like 12 to 15% of the NAV. They have that headway and can spread the pf risk rather than be super concentrated in one asset which as we saw with Leap can bite you.

I really want to see this company buy more assets that they've got more control in; and understand more, rather than having big portions of the NAV in things like Leap and Factom that are not in their wheelhouse.

Seed didn't take part in the last Avextra raise, they were broke. The 60% is all profit banked.

Oftm, you gotta work on that reading comprehension a bit more in school.

I do like Twitter Bagman. Now we've got two 🥳

I still think the Avextra deal was good, kept their 60% bump, kept some for any future returns. Cash could very well be king right now