Member Info for silverknight

I rang InvestorMeetCompany who they use but they hadn't heard from PTRO. Their broker wont talk to retail investors. It needs addressing.

Mr T. When I said dormant I meant that it hadn't produced any revenue or profit. Am I mistaken in that? Pretty much the same as every other constituent of the Bzt portfolio. Eureka goes way back and they haven't been able to sell or JV this project either. This is like dozens of other small exploration companies that only exist to benefit the directors. An sp decline of 99.99% in 10 years says it all.

I think this was a dormant subsidiary when I invested 10 years ago. Nothing ever came of it.

I wonder if the directors are tempted to buy more now that we are out of the closed period. I suspect there is some cynicism towards this (like others in the same sector) because of high cash burn rates. Even so the sp is hugely undervaluing this company

I agree JTT. If the results exceed expectations the price will be immediately marked up. There's no chance to say "Oh Good, I'll buy some at 192p". Too late! Plenty of scope for a substantial rerating. Hope we're right-we'll see tomorrow.

This is a very efficient company and very profitable at todays gold price. I can see the divi edging up further this year and happy to hold these

Thanks for your comprehensive analysis JTT22. Looks a compelling case so I've taken a small holding today.

Generally not a good sign but there may be a simple explanation. I emailed the company 6 weeks ago but no reply. Rude and bad PR.

Interesting situation. Will M&S foodshoppers desert to cheaper options? Doubtful but I expect short term inflationary pressures to depress share price over next few months. There's still deep embedded value in this company. It's only valued at the food retail operations worth so Ocado, the online clothing and international businesses are in for virtually nothing. Hope to buy in sub 120p. at some point.

Yes, the spread certainly seems to concertina around. I know market manipulation is frustrating Thinker, but this only forms about 2% of my portfolio so I adopt a bit of a laid back attitude toward it. Happy to wait-bit like buying a Premium Bond but I fancy the chances of a return are better here. Another $1mill due in less than 3 months!

There's a lot of garbage in the mining/energy microcap sector. This isn't one of them. Consider
1. Virtually 50% discount to NAV.
2. No debt.
3.A broad spread of investments.
4. Income producing and profitable.
5 Management with a significant shareholding.
The portfolio could be liquidated fairly easily so it seems like a few of us are going to hang on for the endgame. Might buy some more today!

Things are still dire in Zim. I've got a Zimbabwean friend whose mother lives there. I'm at a loss to think why anyone would buy the Radar stake. It provides neither income nor influence. Zero chance of a moneyraise at this price. The free float is only a few hundred thousand pounds worth. The well conserved USD deposits in Mauritius underpin the sp but testing the market for asset disposal is the way to go imv.

Nothing new since report earlier in the month.
3.5 bagger? Not going to happen. These are illiquid Zimbabwean assets and will be hard to sell (especially Radar stake). They have looked after the cash in Mauritius though. I suspect the sp wont budge much over the coming months. Hope I'm wrong.

This is a penny stock in every sense Thinker. We seem to be in a lull at the moment (pre interims) but assuming ASDT can make its due payments this year interest will return. A huge opportunity at 9.5p.

Interesting to see what interest/offers BP gets for its 200mill barrel Foinaven field.

Should be a divi next month but not mentioned yet.?

You're almost right re Mankayan sale to Goldfields except that Goldfields walked away and forfeited their deposit. Bzt have an excellent and transparent website for historic detail.
You can see that if you owned say 30 million shares 10 years ago you would have had 35% of the company-now about .6%. Yes point 6 %. Mankayan is now worth a fraction of that mooted sale price and is being taken forward by a single asset company with 200,000 in the bank. Mank needs huge amounts of money and time to produce revenue let alone profit. No sale or JV has materialised for Eureka.
Since Birdie arrived Choco was sold at a hefty loss and 2.9 billion shares issued to raise £4.56million. 6 additional businesses bought for £1.895mill with £786000 capital spend commitment. The most expensive was Hope (very appropriate) costing £1.14mill plus £86000.
I'm struggling to see how this can be transformed into a £50mill company (at 1p)
If it's so cheap someone would have made a bid and the last 6 add ons wouldn't have been sold at knock down prices.
The only beneficiaries have been the directors.
Every year different people post here saying that a bonanza is weeks or months away but it never happens.
Maybe one day it will-don't hold your breath.

Another excellent contract win worth £2.8mill. Expect positive news with results next month. Still heavily undervalued and overlooked

Sadly, mrcautious, people can act recklessly and struggle to differentiate between low priced shares (particularly sub 1p) and cheap ones (ie good value). Millions of shares are bought in low priced companies but only upward potential is seen. That's why so many lose money. Number 1 rule-spread your risk.

My own m.o is to keep a fairly wide spread of shares (40-50) so I'm getting regular news flows without getting bored waiting for one to deliver. Considering we stand to hold as much cash as the m/c at the end of the year the tactical and strategic portfolios are virtually in for nothing. JV is no spring chicken and I can see the portfolio being liquidated in 3 to 5 years and the proceeds returned to shareholders. Maybe that's just wishful thinking but I'm happy to keep adding sub 10p. Interims due fairly soon?