focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Do the deal!!
And a £ billion market cap is around £9.20 a share now compared with £14 a share back in 2021 (the fabled 28p a share target at that time).
Getting back close to the pre consolidation price of 1p (now 50p) the average price 2016 to 2020 and we all know what happened in 2021! Happy to see history repeat itself and would sell a few at £4 iwhen we get back up there!
So not too bad an outcome Bailiff on the SAR side! I doubled up gradually between 12-16p and now have 50,000 at an average of 45p (but did sell 1/3 in June 2021 so well in profit overall) so not as heavily invested here as many but hold lots of other high risk stuff that gets me out of bed in the morning in retirement like RKH, GGP, BOR, BOIL, GST, POW, HE1, TRP, GFM, ARV as well as Polar and Herald Investment Trusts which give collective exposure to technology stuff.
Weirdly they did some of us a favour .. never thought I would get the chance to double my holding at 12p but still glad they disappeared along with RF just need PH to disappear now to restore normality
Hope you sold at over £1 to satisfy Mrs B and bought back in at 10p to please Mr B 😵💫
I don’t think MRHA did reject 1801. My recollection is that they required more information from SAR but such was the incompetence of MRHA they never told SAR what extra information they needed so SAR gave up with them and quickly sought an alternative test environment. Happy to be corrected on this.
I’d be wary of any climate change related information coming out of Yale! Just out of interest China accounted for 95% of the world’s new coal power construction activity in 2023 and they produced twice as much per capita CO2 as UK so they have a long way to go!
Sorry correction! Double checked and U.K. only produces 1% of World CO2 emissions (China, India and USA produce 50% together) so even less reason for us to beat ourselves up over our emissions. Also the worst case scenario rise in sea level by the end of this century is 1.3m to 1.6m so the U.K. not building any more new properties within 5m of sea level seems like common sense to me if we are looking to protect ourselves.
Don’t get me going on benefits either! 7 million people of working age receiving 80 billion in benefits; over £11,000 per person .. absolutely ridiculous. I would halve them and use the proceeds to increase the annual tax allowance to 18,000. We need incentives for work not benefits for not working. Our country has gone mad!
We can’t do anything to stop the impact of climate change in U.K. we produce less than 2% of emissions. The last thing we should do is destroy our economy with stupid gesture politics via net zero targets. We have oil and gas let’s use it. We can manage the consequences of global warming in U.K. by prohibiting any more building within 5 metres of sea level from today. Over 100 years we could rebuild our housing stock at a safe distance from sea level.
Good question certainly very late compared with previous 3 years!
Hi MegRS
I asked SAR if the RF debt had been cleared and they confirmed yes it had.
I then asked if SAR had enjoyed any benefit from their association with PH and they said they could not comment.
The gist of my comments to SAR about PH were
Could you confirm any discernible benefit that SAR has enjoyed from the association with Peel Hunt because I am currently unaware of any.
It has been a sorry tale since PH were appointed on 29 Oct 21 when the share price was £3.20; the consolidation, which was, I guess, recommended by PH was on 4 Feb 22 when the share price £1.85; the calamitous RF funding, which was, again I guess, recommended by PH, was on 3 Aug 23 when the share price was £0.97p. The price then fell to £0.10p which was absolutely shocking.
With right advice surely we could have raised significant funds at £1 or more in early 2022 and that is what I believe our brokers should have been recommending at that time. This could have helped fund us through 1801 P1 and 2 and most of 1802.
Thank goodness long term holders turned up to help SAR out!
Ironically I have benefitted from the fall in share price to 10p because it was a big chance to top up which I took. I was also lucky to sell 1/3 of my original purchases in summer 2021 at a serious profit so SAR will never owe me anything.
All best
I have received a response to my emails and letter SAR today. They confirmed that “Re the debt with RiverFort - we announced on April 23 that this had been cleared” (good news) but they said they were not able to comment on my thoughts on PH.
Thanks MattyBoy! I find the lack of communication quite bizarre and frankly not good enough. When I ran my businesses (retired now) I viewed engagement with stakeholders (of all types) as a minimum requirement; it helped set the tone and culture for the companies.
Has anyone had any joy trying to communicate with SAR? I sent several emails to the IR lady at SAR a couple of weeks ago seeking clarification re RF and PH and got no reply so sent a letter by registered post to the IR lady and copy to Dr Parker and still no reply. I have communicated with key executives of other companies I have invested in and generally got responses so just wonder if things are different with SAR?
300 million is about £3 a share. Whilst £10 a share and a market cap of 1 billion would be ideal (Thoth2’s target) frankly if someone took us out in one go at £3 I’d accept that now although I know some would prefer £5 so they can at least show some profit after getting in during 2021.
Wow I calculate that’s over over 6 million shares openly declared in last day or so! Some big hitters!
I’m with you Paranoia .. I originally bought at 7p and sold some when it last touched £1.50 and the cursed when it dropped right back down again but decided if it ever got back to £1.50 I would sell. Trouble is now I feel GFM is much stronger than when it last hit £1.50 so I’m going to hang on a while; I think I’ll use stop loss this time and sell if I see a 10% drop.
Hi Gunner yes look forward to seeing you in December hopefully SAR will be in a different phase by then and things will be looking up. I wanted to ask about PH at the last AGM but as you rightly observe there was barely any time allowed! Maybe we go armed with chains and padlocks!!😵💫😵💫 Hope all is good with you .