Member Info for silverknight

I said the other week that £43 per share will never happen. I am very happy to bet £10,000 that this wont happen in the next 5 years. Want to take it on? It's one that I would be very happy to lose as I'm a long term holder.

With majority shareholding the Bod can't be ousted. They have control over the company's finances. Even if they sold IVIX for tens of millions of euros/dollars there is no commitment to pay a penny to shareholders. The main danger for small shareholders is a delisting. After all there is no benefit to the company to stay on AIM as they don't need to raise capital. It would certainly trash the sp.

Same thing happened last year after results. Sudden burst of interest and then it goes back to all quiet after a couple of weeks. These figures were all flagged up in the November trading statement. The NAV is rather a moot point . Radar has plenty of assets but it's loss making. In todays climate who would actually pay for the company's Zimbabwe assets in hard currency? May seem tempting on paper but the main asset is the CEO who is doing a fine job in a thankless situation.

I have read your comprehensive and well researched posts with interest. I certainly agree with your view that quality management is key to backing any company's shares but I would be disinclined to have all my funds in two oil companies. Potentially a global recession could severely dampen the price of oil along with negative sentiment towards fossil fuels. I suspect that a bid of £2-50 to £3 from a medium sized oil company would be hard to resist and a recovery to the old Trap issue price of £43 will never happen. I'm also a long term holder but I do fear that this could retrace into double figures soon. Hopefully I'm wrong.

The least inspiring part of the portfolio for me. Just a self indulgent gadget. The real meat is Salarius which is potentially worth more than the M/c on its own. The other two companies could be winners too, hopefully.

Agreed. Also the fact that they pay a small (but hopefully growing ) dividend is a positive sign.

It is massively undervalued along with TRIN (which I hold) and HUR (which I don't). We're battling a very difficult market right now so the problem applies to all small oilers. Also sentiment against fossil fuels.

I'm not trying to lecture anybody. I thought this was an open forum but many people seem to see it as a mutual back-slapping club with no negative comments allowed. Sad that you need to post such vitriolic comments in the early hours. Have you tried anger management? I'll keep a periodic eye on this one and we'll see how it looks in 6 months. I hope this delivers the goods for you because everybody who risks their cash on AIM deserves a break. Good luck!

gharri07. You're missing the point. In the last accounts they have investments of c14million euros (mostly POLY) and directors fees of 552000 euros. So they could go on liquidating assets to pay fees for about 28 years (technically) disregarding any potential value from IVIX. Not sure how they can justify these fees given that its essentially just an investment vehicle. How many hours work is involved?

rocker1.I'm not a deramper. If these shares dropped to 2p I wouldn't buy them. Just an interested observer. This company has been around a good few years as a gold miner -ask long term holders how much profit they're showing. There are quite a few AIM shares trading below intrinsic value and usually there's a good reason. Ask yourself. If this is such a bargain why aren't investors pouring into it?

Every one of my non dividend paying AIM shares is underwater at the moment. In a way that's reassuring because if only one or two tanked that would be more worrying. It amazes me that people would sell at this price (no doubt at a loss). I'd rather take a chance on an eventual return than bail out for peanuts.

I see that E Goodfellow (sounds like a Wise Guy) controls Tavira but couldn't find LG reference. Are they in trouble? With the recent plunge in the copper price is the 80% sale actually going to happen. I think the way forward is to develop Eureka but that's unlikely to happen

Comment here always amuses me. The directors control over 50% of the shares and pay themselves a nice salary every year. They can keep selling Polymetal shares to fund their drawings until they're all gone. Dividend for shareholders? Hasn't happened and wont happen. Why would they? On paper this company is undervalued but that wont help small shareholders.
I would jump out at the next suckers spike (which periodically happens)

things currently look better than they have for several years but there's no appetite for small speculative AIM shares right now. The Tavira holding should put some sort of base on the share price but I have little faith in the management here. I'm holding at .94p so a long way to go to break even

Most small pharmas on AIM have been falling over the last year . EVG had £5mll cash at end of September without a huge cash burn. The lack of product diversity is my main concern but it's not game over yet. The risk/reward ratio is just stretched. A gamble.

The thought of a £2 bid did cross my mind. If it happened it could put the company into play and flush out rival offers. JOG must surely be worth much more than that but ultimately everything is only worth what the highest bidder is prepared to pay.

this has been a long term disaster for shareholders. Share consolidations tend to have a negative effect on the sp. Having said that I'm cautiously optimistic about new managements prospects for 2020 and will hold on for better times (hopefully)

buying pressure doesn't raise the sp.

with company re dividend prospects/intentions but they didn't have the courtesy to reply

Will the dividend be held? Strong balance sheet with plenty of cash so hopefully it will. In which case I am happy to hold on

Last year I bought these and SHG. With SHG I am up 250% and OMI is down 70%. SHG is producing 80k+ oz per annum and likely to pay a dividend next year. OMI is years away from that so who do I think will show greater sp appreciation this time next year? Well SHG I guess but having said that I think OMI still has good potential assuming the gold price holds up . Just don't want to be holding huge amounts of them.