The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Connect. It is 2 years out of date but holds some relevance. I like to do research you see. When a longterm nica mining investor with longterm business dealings with Ortega sells our shares just before an imminent 70-£1 sale it makes me curious.
I havnt posted much more than you in the last month. I have no interest in things going pear shaped for peeps. I warned about possible sanctions , time delays , fantasy production figures , timelines and dilution when most including Mellon were leading peeps down the garden path. What’s your contribution?
Here’s something interesting re Randy Martin I hadn’t seen
https://iknnews.com/nicaragua-cancels-the-plantel-los-angeles-gold-mine-concession/
Surrey , I do think there will be a deal struck this year but best to take note of that 40 p marker. I am re buying small ammounts from here but as I have said many times, best to read between the lines not suck up maybes and turn them into deffo .
Good luck
Randy Martin longterm nica mining businessman sells to a non notifiable level just before a deal? Is this a good omen. He can now sell completely without notification I assume?
He has his ear to the ground more than most over there.
Warrants were bound to be cashed and cash was bound to be getting short. There are warrants or options at around 23 p still that will come at some point.
Maybe he thought 36 p was a good price to sell 😜
El, well not a meal for me I have been selling at profit .
Mc reward will be on the gross deal just like hannan. All costs will come out before sp is calculated.
Personally I would like to know how the sliding scale
works?
Say for example the sale is £100-120. That would hopefully give holders clear of 40 p but under 50 p, mc could well be bagging 3% which would be 3-4 m for getting peeps 40 -50 p . Sounds great work !
For me I am just buying a few 36 p shares back because 25 p - 40-50 p is still ok.
40 p looks like bottom line which is ok.
Hi Elaine, so in that case why is there a flat fee at all? Why not as the original reward either different % at different points or just a % ?? Why is it not clear?
Anyhow the threshold has reduced from £1 to 40 p.
Cf. From memory it was £1, £1.5 and £1.50 and I believe 2,3 and 4% but that is from memory, possibly 1,2and 3
That is how I read that . You could read it either way , that is how I read it . It is not clear that flat fee is related to 40 p to me in that statement so will as usual see it with a more cautious set of eyes. It’s in older reports but also can’t be bothered to look.
Agree the previous reward was clear , why is this one not clearer? Not any real surprise in there, just glad I am not reading that and holding 1 m shares at 40 p plus after 10 years.
Good luck
F, that could well mean flat fee under 40 p or 3% if it is over 40 p. That’s how it reads to me. Meaning there is an allowance for sub40 p??
This is why I give no loyalty . This is not an investment it is a tax free retirement fund. Glad to be mostly out .
Good luck
Brig stock. The evidence shows that we were led to expect 150 k oz production for this year . Then we are not miners . Then a deal by last summer . I saw nothing in the video to give imminence to a possible deal, just the news that 1 of the 2 interested parties from 6 months ago has dropped out. Thems the facts. And cash is again running down of course. Soon be time for a bit more dilution.
Good luck punter. I am surprised this hasn’t tanked more tbh. Not quite seeing the same story personally from interview . If after 18 months just 1 party is negotiating. (Still) and only 3 site visits I think Mellon far from hardballing will be trying to get the best deal he can from the 1 party. Not a strong position imv. If it is calibre after 18 months I don’t see them wielding to Mellon hardball tbh. I don’t think it is calibre though.
There could be other reasons for holdup like procedural . Some additional sanctions anounced in the last week. Ortega will want this going to China and has the tools to make sure it goes where he wants.
Something has to give this year one way or another. Mc stated that j/v wasn’t an option but wouldn’t be the first time a volts face happens . Curious situation.
Good luck
Hi slippy. Deffo 36 p last teus on a limit sell. Had one on at 38 p too.wish I had sold them all now but you never know .
How anyone can paint going from 2 parties in advanced negs 5 months ago to one as anything other than bad is beyond me. After 18 months there have been 3 site visits,1 for every 6 months. Just last week the financial report was delayed to include a deal lol . You couldn’t make this up . No hang on you can can’t you simms!
How much cash do we think is left and when is next injection. Mention of cutting costs to the bone. Mm how about taking wages in shares at £1 per share .
Any ideas what mellons idea of a fair price is anybody for the assets??
Mellon will get the best deal he can that’s the bottom line. The gold price is obviously good news but I don’t think this will materially affect any deal. Personally I think the length of time taken with no news is not great and still stick with my expectations of no more than 50 p . I would also be surprised at anyone seeing cash before winter and possibly into next year but a deal must come for neros stated reasons. I have let quite a lot go because I expect less than 100% upside and various possible downsides. Better to have bought producers a few months ago. So agree with Nero, if not happy switch .36 p was a decent sell on no news and a pr pump.
Slightly ironic that the eu wanted to clampdown on uk tax havens like the caymans and brexiteers here hoping they will retrieve their cash from a shady company registered in one. All the media barons pushing brexit for the peasants live in these places and pay no tax. Yes putin has been funding far right groups all over Europe to break up Europe with the help of the greedy elite and useful idiots.
Mrs mapp your reading material owned by tax dodgers pushing a very dodgy agenda always.
Chances of seeing cash from this a 1000:1 imv . But it is worth a look in every now and again for a lesson in don’t put too much in high risk punts and move on . “Our great leader” isn’t going to buy Christmas presents .
We are in the second cycle of Bitcoin since the suspension here.
Always expect timelines to roll on and you will not be disappointed. Not Omi specific. Pretty usual.
I want to see the drill funding before getting too excited. Meanwhile keeping average around 4 p.
Jack. Nice day yesterday elsewhere.