Member Info for silverknight

There are plenty of people out there who just like the buzz of the trade. They are not investors- just short term gamblers who couldn't read a balance sheet. Each to their own.

the fall might be overdone. The risks are pretty well spread and the cruise element is riverboat (I believe). As such people will probably be less wary of using them again (as opposed to being stuck on a cruise liner).

(as I'm a LTH) I have to agree with you. £12mill is chump change in the oil industry. JOG is facing challenges on 3 fronts.
1 The time element as cash runs down.
2. The price of oil in a post Covid world.
3. Finding a partner with the financial clout to move things forward.
Nobody disputes that the asset is there but I still feel a lowball bid could be the result.

The cash outside Zim just about covers the current sp. Trading operations are probably at about break even right now. The Nav is a moot point as the real value (on a forced sale) would probably be much less even if buyers could be found. That's why the sp is depressed and probably will remain so while current government is in charge.

You both make perfect sense to me. Trouble is we are in unchartered waters at a very turbulent time. I'm surprised nobody has made a speculative offer just to put the company into play. Ifeel this could happen pretty soon. We shall see.

fully invested here at 190p average. Seems like there are 5 possible scenarios before end of year. In order (bad to good)
1. Company goes bust (seems less likely now)
2. Lowball cash offer up to £1 per share.
3. Lowball all share offer (as 2)
4. Reasonable all share offer of £2+
5. Reasonable cash offer of £2+.
The last 2 would be great but mustn't get hopes up too much.

is this going to be paid for? They have butterfly minds.

Suckers have been drawn into cashraisings here for years(Beaufort?) at ever decreasing prices. Now the sp is too low to make that feasible. Fate likely to be determined in next 6 months.

over the last 6 months reflects market scepticism over the Mankayan deal going forward. This woeful Bod should be focussing on Eureka instead of copper projects given the respective outlooks for gold and copper. Find a buyer or partner for Eureka. Just my view.

Pretty crap. They make up the rules as they go along. If Shanta is owed millions of dollars in VAT refunds how can they get away with offsetting a small proportion against corporation tax? Imagine the British government trying to do it.

done a review from 18 months ago when NM interest activated. Sp leapt to around 7p but has been subsiding ever since. They have maintained their 6 monthly payments (of $500,000) and hold around 20% of the company so I guess they're serious. My view is that OMI has been seriously derisked but obviously potential returns are much lower if NM follow through with their commitment. Anza would seem to be a very substantial gold resource so even if we end up with 10% it should well exceed current m/c assuming gold price is maintained. I suspect it could go much higher given current events so have topped up today. What am I missing?

that keeps on delivering. One to buy and hold long term for the dividend.

for long termers. Most of us are seriously in the red here. Do I aggressively average down and risk throwing good money after bad or hold on and watch late entrants sell into strength? It's a lose lose situation for anyone averaging 190p after consolidation.

have been making a case for this since it hit 70p over 10 years ago. Wonderful assets, worth billions blah blah blah. Useless management kept issuing more shares and shareholders have been diluted out of sight. Large amounts lost led to Bezant Action Group being formed but the carnage continued. Good luck to new buyers but I seriously doubt you will score in the next six months and the cash position is precarious. Fortunately I've only a small holding (at .94p)

Even if divi is halved it still provides an acceptable yield-especially when you look at current b/s rates. Healthcare companies cover a very broad spectrum so many wont benefit from Cov19. One that might is TekCapital which owns 18% of business developing small oxygen concentrators (under patent). Check it out.

I've just averaged down (to 31p) but hopefully the divi will be held and I'll hang on for income/recovery

at the time of the interims was £18mll. Way above current M/c. Is this business really worth less than nothing?

This couldn't have happened at a worse time. Surely they can raise £1mill to buy some time and move to matched bargain platform to save £200k+ pa? Otherwise it will be sold off for a song. Any shareholders interested?

The only truly safe option is half an acre of land with a cow and some chickens. You can't eat a bar of gold and cash is useless if supermarket shelves are bare. Apocalyptic vision.

Totally agree. Reminiscent of 2008/9 meltdown. I'm dripfeeding into high yield shares like Aviva and ITV . If they go belly up we're all screwed anyway.