Member Info for silverknight

Market doesn't like it. Suggests likelihood of further (small) decrease in NAV.

MrT. Got your decimal point wrong. .05= m/c of £8mill (one twentieth of1p). That seems achievable given the momentum in place but this is a notorious banana skin outfit and there is a danger of being spiked.

An opportunity to buy back tendered shares at a big discount to 80.52p. What are the pros and cons? The portfolio of loans should be largely settled in 6 months-but will they? Dividends in the meantime likely to be very small or non existent so the risk is if the NAV shrinks further. Any thoughts?

Any interesting reveals from AGM?

All valid points Edward. Hope you can update us post AGM. I don't see why a nil premium merger between the two companies couldn't be arranged which would bolster the value of both. The Wattle operation seems to be operating efficiently despite the sagging coal price and the dividend is the prime incentive to hold for me. There are plenty of companies trading at a discount to NAV at the moment

More info on investments and why such a poor rate of return on them?

NAV continues to fall so I assume post capital repayment it will be about 31p. Big discount justified but could be worth a small punt?

Correct MrT. All this info is in the public domain but the sp has stayed flat because nobody believes it. He's had 7 years to prove his worth and failed abysmally on all fronts. Whoops- Prickly's going to hate the negativity

Nice thought Krusty but you get nothing for nothing. It'll be covered. I'm more interested in the residual NAV which I guess will fall to around 35pps. Feels like a more derisked situation and I'm tempted to have a very speculative top up.

'Options to avoid dilution' ?. That should make any LTH ruefully smile.

Sorry guys. I checked on the 30th and didn't see anything. Must have been a senior moment. Still I was right about the divi. Hard to see where this is going from here with a wilting coal price and lacklustre property news. I'll hang on for the decent dividend and the strong NAV (302p). I'd like more details on the investment portfolio. Any ideas?

Beza. Hopefully something in the next few days. Benefits reported with the interims countered by a weaker coal price perhaps? Encouraging to see a director buy (even if small). Another 4pps dividend?

It's only by furious averaging down that I've managed to stay afloat. That's very interesting logic. A true optimist.

Hi MrT. He introduced himself with much bravado in April 2028 to a very muted audience with unrealistic aims. Now, people are not going to want to hear anything that doesn't suit their agenda. I suppose anyone buying for the first time now might have a shout if it gets chased up by speculators but ,as you say, highly unlikely to be in production this year. Why are there no clear indications of the funding source? We continue to watch and wait.

7 years of relentless Bird optimism has produced nothing tangible. Clearly if anyone buys many millions of shares over a protracted period of time (at ever decreasing prices) they can't afford to stop believing.?

Hg. Normally I would agree but I have held this for 4 years and it trades in a narrow range and delivers an excellent dividend and plenty of reserve cover. Depends what you're looking for.

Bit late to worry about dilution MrT. I think when I originally invested there were under 70 million shares issued. How many now? A few more billion are hardly going to matter.

Emailed the company. No response. Phoned . Woman sounded half asleep and not very helpful. Due by end of month.

Recently did a quick survey of sub 1p shares on AIM. Total 86. Revenue generating 37. Profitable Zero. Dividend paying Zero.

Most at or near bottom of 1 year trading range. These aren't investments , they're gambling chips that suck in people to lose more than they can afford. I suspect that most CEOs (certainly this one) view their shareholders with utter contempt.

Residual funds to return c3pps?