The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Going back to February 2005 this was trading at 17. 50pence. Obviously a bit of share dilution since but would be nice to get back to the full pence price ranges
Does anyone know how many shares are in free float. I know we have 4328 million in issue which seems a lot
No RNS yet so start of Friday afternoon drop starting
2 x 3 million. And other smaller ones totalling nearly 10 million. That's probably nearly 400/500 million cleared in last 5 weeks from same seller. Got to make you think if somethings not quite right by someone in the know. I've been in and out so many times here as well as 2 others which suddenly went belly up making me nervous even just keeping 4k here. Art needs to let us know position to date with Nigerian government
Sold 18.7 million. Bought less than 100k . Big block seller is again relentless with some massive sells. Until this seller stops this sp has to go one way . Who on earth is selling massively over the past 5 weeks
This never ending delay is certainly favouring our block seller who has sol 3 x 2millionand a 500,000 already.by my tally over last 6 weeks that’s well over 300 million. . Something not quite right with this delay when someone sells that many .
Of late we seem to be averaging a lot more buys than sells, normally the difference is around 2 million per day. A large block buyer is still buying very large chunks which presumably are being stockpiled
If this continues the freefloat and daily trades will reduce daily and when there’s even less shares about what happens with MM’s creating a market then to try and get the share price up
Last fridays fundamentals show number of shares sold at 12.1 million and shares bought 15.7 million. I would suggest people will be stake building and if this pattern continues shares in free float will keep decreasing and we all know from earlier posts not many shares in free float
It would appear the same block seller is still maintaining the relentless sells of millions of shares and is now into the 4th week of this pattern. Must be 200 million or more by now over the 4 weeks which keeps the price down. I keep asking myself why this is happening when news could be days away.
Only 85 million shares issued. Total daily sells are averaging 50,000 shows that investors are keeping a very tight grip on what they have. Some messages here in the past suggest this could be a 50 x multibagger which may be a bit over enthusiastic but the way people are not trading shows to me this has every chance of being an excellent investment. The companies projects are all in the right areas ,just need to be on the sweet spot for the gold and other sought after minerals. GGP who have god knows how many thousands of millions of shares, certainly have found a sweet spot and we need to do half as good and this will be astronomical.
Suggest everyone watch Aussie gold on sky TV to see how in certain places gold nuggets are on the surface with next to no digging.
Exciting times ahead for us invested here
Only a small holding here but I keep reminding myself of when I was in Churchill mining when the Indonesian government took the mining licence away from Churchill. Both Indonesia and Nigeria have the same in common. Bribery wins the day with money under the table. As far as I can see Nigeria isn’t closed so why can’t we do the deal