Member Info for silverknight

Recent director buying encouraging. Could it be a Wraggs to riches story?

Hi RR. Glad to see you're still persevering with this company. In my experience consolidations tend to have a negative impact on the sp. The main concern is where the funds are coming from to redeem the loan. I'd be very surprised if meaningful revenue is generated by next July let alone profit. In which case Sanderson's clients will pick up the tab and CB is too old and wealthy to care. Maybe i'm just being cynical

I think this one scores by being very well managed. It's got a progressive dividend record even when the gold price was much lower. AISC low and energy costs heavily reduced by introduction of solar plant. Also maintains good relations with Zim govenment

Another divi due this month. This is amazing value at current price. Along with SHG it's the cheapest gold share on the market.

Certainly not everyones cup of tea but the (partially realised ) value of Meize fully covers the m/c. Everything else in for nothing. Not worth selling at this price and a fair speculative punt for the brave.

MrT. Sorry I didn't make it clear that the crunch comes after June 2023 and there is no money to repay Sanderson. what happens then? The ill fated Beaufort was a previous vehicle to raise cash and look what happened to them. I have a very small holding (less than 1% of my portfolio) so I wont lose any sleep over it. Price is down 99.9% over 10 years and 75% since Birdie took over. Every year different people tell us that a big rise is imminent but it never happens. The only winners are the directors.
dvharrison. Having traded shares for over 50 years, worked for a bank, a broker and been a tax inspector for 15 years I suspect that my a**e is more clued up than yours. Can you read a balance sheet? None of the shares you post on are more than 1p. Seems to me you are just a gambler rather than an investor.
But no more mud slinging. I have seen hundreds of Bezants come and go over the years and I hope for the sake of the people holding millions of shares that it comes good. I suspect all will be revealed in the next year.
Good weekend all.

Accounts cast doubt on ability to remain as a going concern beyond 1 year. What happens if sp remains at this level and Sanderson opt for cash repayment of £700k loan? Where's the money coming from because no revenue will be generated in the near future? Also there are virtually no tangible assets. I suspect this company's going bust in the next 12 months.

Cash held to meet regulatory requirements but even so a 6% yield (all paid over the next 5 months) not to be sniffed at. Debt free and 91% rr. Tucked away in my ISA

Think I've got one of those at the back of my garden.

Unfairly marked down. This is a high quality operation with built in hedge against weakening £.

My type of share on big discount to NAV. Trouble is that only 4 are quoted so the portfolio is very illiquid. Nevertheless there is a broad range of investments and worth tucking away for the very patient. I'm doing just that.

Especially as there's a chunky shareholder on 16%.

Depends what your motivation for investing is. This is a low cost, efficient gold miner with a good dividend track record. I'm happy to hold for the payouts and top up if it falls back to £9 (my buy in price)

Sp decimated over recent months but muted response to in-line figures. Odd. Look out for IC update soon.

On a 33% discount to NAV (historically)-a bargain!

I'm with II and mine's gone too! Presumably reappear Friday on payday.

Yes, but only on a temporary basis. The nav has tumbled and the divi reset at 6% of that at end of December.

We seem to have entered a perfect storm of indiscriminate selling and pharmas being particularly badly affected. Although I'm sure this is dirt cheap it doesn't mean it can't fall further. I'm watching carefully with my finger hovering over the buy button.

I've topped up today (showing as a sell). No nasties expected with results soon. From the current business model this is heavily undervalued (£9mill m/c). Expect a strong recovery from here.

There is a pattern of periodic spiking. Why do people pay top dollar when it will inevitably fall back (as happened again).?
This is a great little company but should be accumulated when there is no interest and nothing happening. Yesterdays news is highly significant and should boost the NAV greatly this year. I'm in at 8p and would add if we see c10p again