The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Strikes me that the bidders have been shown what's there for each license, bit like a sweet shop. They like what they see and have made offers that either take the majority of assets or we have multiple buyers and it'll be spilt up. Jorc audits ongoing for 4-5 months bodes well, that it's all proved up hence the additional interest. No doubt buyers were sitting on the sidelines waiting for JORC. It's here, so let's go....
Minimal exposure....no trades
Good figures, another 10x for 2021-22 would go down well
https://www.coinsilium.com/investors/press-releases
Financial Highlights:
Profit for the period from continuing operations increased to £326,608 (H1 2020: profit of £26,531).
Earnings per share of 0.2038 pence (H1 2020: Earnings per share of 0.019 pence).
As at 30 June 2021, cash and cash equivalents, amounted to £1,874,192 (FY 2020: £173,298), following two successful capital raises.
Net fair value gain on financial assets of £792,516 as at 30 June 2021 (H1 2020: £98,994).
Available for sale financial assets at fair value through profit or loss increased to £2.94m at 30 June 2021 (FY 2020: £2.29m).
Total other current assets (Cryptocurrencies and Tokens) at £1,257,371 at 30 June 2021 (FY2020: £945,376).
It'll come good or should I say get even better.
One thing I think about with trade or gambling decisions is, how would I feel if I sold out in the hope of gaining 20-40% more shares on a drop and buy back, and the news dropped while I was out. I think the life long pain it would cause would outweigh the joy of gaining that extra profit. Greed will always bite you in the ass.
The prize here is obviously enormous and worth all the goings on with SP manipulation.
If you were cynical, you might think that there are several parties who know exactly when the big news will drop and they therefore via associates know how long they can risk free play this for. Sadly the average Joe isn't privy to this info and must endure the pain. It's frustrating thinking I could have sold last week and doubled my holding but be heartened that those that can can't get hold of the shares you've got. When this all blows over, you'll forget the pain! IMO, LOL
Difficult to determine as we don't know what's being sold and dependent on that how much the BOD will keep back for future developments. If we're talking 40moz then the intrinsic value is currently circa ? $100-150B, so anything under $10B is surely nonsense?