Member Info for silverknight

Barring unforseens it should be on a p/e of around 7 for 2021. Looking for upward movement ahead of results in next month.

Do some research.
Income generated in Zim dollars means company is just about breaking even in USD.
Exchange controls means assets (property, Radar shares) even if saleable (doubtful)
could not be converted to hard currency and removed from Zimbabwe.
OMU shareholding frozen on ZSE and may be written off in next accounts?
So only tangible asset in hard currency is cash (USD in Mauritius/UK)
How on earth do you imagine that any multiple of the current sp is justified?

So at current sp our holding is worth about £375,000

Cerrado was supposed to be listed by now?

that the bulk of the NAV consists of assets in Zim that can't be easily converted into USD. Cash in Mauritius/Uk of around £1mill. Cost of maintaining AIM listing around £200k pa. OMU shares frozen on local market. Trading around break even it seems rather overpriced at this level.

I also hold MAFL with a smaller m/c but a much more impressive management (imv). The risk is spread, they have regular cash receipts and costs are kept to a minimum. I'm not ramping this one -just a comparative observation.

market psychology at work here. FOMO v FOLO (fear of missing out v losing out). Holding on doesn't guarantee a successful outcome but it preserves hope. 10 years ago a seemingly nailed down deal fell through (check it out) and it's been downhill ever since. smiller- you need to ask yourself whether your cash has better prospects here or elsewhere. I've been trading shares for 50 years so I know how you feel.

I think you've been in this as long as I have. Fortunately I can write this off without too much pain but some on here claim to hold millions of them (Good luck). The company has never produced any revenue let alone profits. The cost of the non Mankayan assets was only c£1.5 million, I believe, excluding the long held Eureka. I can't see how an sp of even 1p can be justified which would value the company at nearly £40mill. Love to be proved wrong but this is not a serious investors share.

at CBs investor presentation in early 2018 where he said Mankayan was a $900million project and he wouldn't sell it for $90 million. Surprise surprise nobody believed him and look at the disposal price proposed. Even then it's for shares that cannot be quickly liquidated. This company has issued over 3.5 BILLION shares in 10 years on an ever reducing sp. It's a complete joke.

It still looks undervalued -very decent and growing yield underpinned by a strong balance sheet,

Agree. They've finally got a decent management team and producing good , marketable programmes. Strong balance sheet. Buys showing as sells here-one is mine!

the y/e divi is held we have a 5% yield , a 40% discount to NAV and a hedge against our fragile currency. This is a class act in the property sector without exposure to the UK retail sector.

You've got to expect a big spread when the m/c is only £3mll. It does fluctuate though. The deep embedded value will come out one day (maybe a takeover or liquidation of assets). My tactics are to buy a broad spread (c25 shares) in fundamentally undervalued shares and be very patient. I suspect that if this drops below 8p there will be plenty of investors(as opposed to speculators) looking to top up.

Have a look at the company website. The tactical portfolio includes some heavyweight gold miners but individual holdings are not disclosed. Indeed the LS investment is the jewel in the crown and we get regular cash payments from Ascendant in respect of their option to raise their holding to 80%. It really should be bought as a long term hold imv

You're clearly not a holder or you would'nt want a delisting. Chairman has big shareholding and low fees (just what I want to see as a shareholder. An orderly liquidation is more likely -but not for some time yet I suspect

1.The mankayan deal is not done and dusted. Even if it happens BZT will get shares which they wont be able to just cash in.
2. Look at the Asiaphos website. Not very inspiring or encouraging. 10 years ago Goldfields walked away from a $70mill deal to buy Mankayan. It still hasn't produced any copper.
3. BZT has never produced any meaningful revenue. The ageing CEO seems more interested in doing deals than golf or gardening. Trouble is it's all jam tomorrow-as it was 10 years ago.
4. Hope looks promising but can't justify an sp of 3p (has been suggested) which would value the company at £100mill+ ridiculous. Did the vendors take BZT shares at a premium because they were desperate to get rid.
5. As a small and long term holder I would like to be proved wrong but it feels like people are waiting for amateur speculators to push the price back to .5p.

see why the CAP investment was written down . Not a good sign when accounts take nearly a year to be produced. If they still hold the Teranga shares then after takeover will hold shares in Endeavour Mining which plans to list in London this year. I wonder if all the frantic newbies have found new targets? Some have only been on LSE a couple of months.

CAP seems to have plenty of oil reserves but bringing them to production will cost big bucks. Do they have the financial clout with oil prices looking fairly healthy at the moment .? Don't think we can view their balance sheet.

Ideon is a small investment but as our m/c is tiny it could still have a material impact. The strength of the company is the great diversity of investments.
We may have a long wait zan but there's plenty of scope for discussion.
Why don't they list size of holdings in the tactical portfolio?

is a contrast to yesterdays frantic activity. Some money made and lost no doubt. I can understand your frustration nwgb but some are very slow burners. This could be a transformational year through LS but I don't agree with reducing the gold holdings. I'm hoping to buy more nearer 8p.