Member Info for silverknight

No point in issuing quarterly reports on Mankayan when nothing is happening

Prickly. Perhaps some of us have died of old age .

MrT. I do admire your eternal optimism.

By 7/8 to break even I presume you mean .07 to .08p? That seems like a huge chasm right now.

Mankayan was the reason I bought in here in the first place and shareholders have been regally shafted over how it's reached the current situation. I've written off my relatively small (thank God) investment here but still curious how it will pan out.

Hope your holding isn't too big!

Hi Grouville. I hold these and think that the private equity bias is holding it back. They trimmed the divi last time round but still a decent yield. Tempted to top up

Further points re comments today.

1. T34. They've been trying to offload/JV Eureka for years. Nobody's interested.

2. MrT. The funding no doubt comes from third party pockets. Can't imagine that anybody in their right mind would put up new funds for this shambles. The new issue is effectively more shareholder debt. Birdies balancing act continues for a while but even a 10 million share buy is peanuts now. Sorry . Big red flags flying.

You couldn't make it up. Billions more shares issued creating massive overhang.

The RNS uses words like testing,planning, studies and costing endlessly so (if) they finally get to the drilling stage a lot more funding needed. Nobody should be surprised by market reaction.The disaster just keeps unfolding. Who are the idiots that keep funding this company?

Davey. Hmm. In the old days that would be classed as a 'concert party' holding and not allowed. Don't know if that still applies but irrelevant as SS holds the majority of the shares anyway. Be good to know if any progress with the property and Radar sales and if more funds received from legacy debt. Is this cash transferable to Mauritius or already there?

Second largest shareholder? How come you're not mentioned in the latest accounts?

Don't know where you got that from. It's 1.94%.

Certainly looks cheap but this is a risk averse market at the moment. I sold these at 69p a few years back and might get back in. Currently hold CMCL for the steady dividend and prospects.

Likewise, I'm sitting on a 95% loss but on a smaller investment than some of you. I passed on the rights issue. Really appalling that a fine old company like Yule Catto going back over 100 years should morph into this disaster. Without the rights issue money this has a residual value of £40 million. Unbelieveable.

Yes- but obviously subject to fluctuation.

Dummy trade shows actual spread of .000271 to .00032. Massively less than 60%. Besides which what do you expect for a microcap company?

Absolutely. For geographical balance with a decent yield

A sense of 'could have been worse' about these numbers. Still not tempted to buy.

Good article Krusty. Worth a punt at this price. I've added again.

Banzai. Sadly funding comes before starting open pit mine. We've already been diluted to the moon and back and borrowing is very expensive (if you can get it for this project). As I've said before, if this company is so undervalued why has nobody made an offer for it? A long term disaster with a self serving idiot in charge. Don't get your hopes up in this dire market

The divi has disappeared in sp fall this morning. Surprise surprise

LOTM. Exactly that. Director buy last week. I added this morning. This is a long term class act with a great divi.

CaneToad. It's really a case of which ones are doing least badly. My portfolio (50 shares/investment trusts ) are mostly underwater. The divis can't keep up! My best performer has been AEW, but I think it's a long term game for me - trying to identify best value and use divis to top up. Look out for consistent company buybacks ( I like SEQI a lot)