Member Info for silverknight

That's a hefty punt. I tried to find out if the company is having issues with labour, materials and fuel but they haven't come back to me yet.

On a ridiculous discount to NAV. Future Metal's worth more than JADE and it's an interesting portfolio. Bottom drawer it-I have.

Looking at a small profit for the full year and real benefits in 2022. They've cut away the dead wood and the EV of the business is only £5mill. I expect the sp to rerate over the next year. Watch presentation on Friday

Might be due some results next week. Barring unforseen bad news this appears substantially undervalued

Key question is whether we are suffering from material and labour shortages. Any ideas? If not this is a great recovery play.

It's essential to research and analyse so that yo can make an informed decision. This requires time and effort but it's worth it. Timing is the toughest call . There's got to be a lot of people sitting on big losses with this turkey.

The self deluders change over the years but the much watered down value of the company falls relentlessly.

it's only natural that people with money invested don't want to hear any negative comments. I'm a shareholder since 2013- am I allowed to comment? This company s a complete joke. Apart from Mankayan and Eureka (nobody seems to want this one) the other 3 projects cost less than £2million. Why would anyone sell them off so cheaply if they are a potential bonanza? Look at CBs presentation in 2018 when he said he wouldn't sell Mankayan for less than 90mill. Nobody took him seriously and the sp continued to tank. Realistically there is little prospect of meaningful profit in the short term which is why the sp is so low. The only beneficiary is CB- he gets paid to indulge himself with new projects instead of focusing on the ones he's got. Fortunately my holding represents less than 2% of my portfolio but I notice that some people here have millions of shares. I've mentally written this off. Hope it comes good for all eventually but don't hold your breath.

It's terribly simple. If the spread is 14-16p anything recorded under 15p is an assumed sale. Does it really matter?

Conjours up a wonderful mental image. Made me smile

Or even choo choo. Get your teeth round that one!

this has been on an endless downward trajectory. Every year different optimists appear to tell us that boom times are just around the corner. Then they disappear presumably to take their losses or hold on in hope. This one has cost me a few quid but that's the chance you take. I've mentally written it off-less than 2% of my portfolio. Hope it works out for the patient here.

Year ends 30th April. I think last year figures came out very late-December. They had mentioned late summer for this year so I'm checking regularly. Another .5p dividend (hopefully) make this well worth holding for the yield.

And down 99.9% if you go back 10 years. Remember when Mankayan was lined up for a sale at $70mill? Now the assets based on prices paid and in Manks case last proposed selling price are less than m/c.
Todays announcement reflects a complete inability by the management to focus.
In 10 years this company has
1. Failed to produce any revenue .
2. Issued over 3.5 BILLION shares at ever decreasing prices.
3. Still paid management their salaries despite losses (especially by their shareholders)
No doubt they will be back for more money before too long.
A complete shambles. Having said that , there have been periodic run ups in the sp where naive or inexperienced gamblers have ended up paying too much and losing out on the fall back. It'll probably happen again.

Any thoughts on why Ascendant sp has retreated sharply?

I think the danger is dumping it before it reaches its full potential , Thinker. The spread is likely to be large with such a tiny free float but it does fluctuate. Compared to so many AIM blue sky miners this is a gem. We've got a good spread of investments and getting periodic cash infusions. I suspect that it will move up strongly within 18 months , as Quadrum says, so I'm happy to bottom draw it till then. I like to have a portfolio of small caps trading below NAV.

Agree. We seem to be suffering a confidence crisis at the moment with Ascendant's sp dropping to 18.5 CAC. Temporary we hope so this does present an opportunity to pick up MAFL shares at a knock down price.

I think you will reap the rewards on that buy oogle. I was tossing up between this and the grossly underrated Zinc Media today and Zinc won out (just). This one will probably be my next top up. Cheers

It would be highly insensitive to reinstate the dividend (note FK1) when staff were asked to take pay cuts during lockdown.
This is a sound company but I feel it is too early to buy right now.

Anybody still looking at this one? If you watch the last presentation summary it illustrates that Zinc is valued at less than a third of other similar media companies based on revenue. This should recover further over the next year and the sp has the capacity to reach 180-200p in that time. Great management-great potential. Sells showing today are in fact buys.