Member Info for silverknight

Quoted price of .45p (buyers/sellers??) should be roughly what's due back soon. So maybe a free ride on the balance?

Eagerly await full year results next month. NAV hard to determine now as multiple holdings change price and are traded (?) so in a state of flux. Most of the precious metal companies are near the top of their trading ranges so NAV should be higher but LS uncertainty feels like a drag on the sp.

Spill. I suspect that initial distribution will come around end of December after Radar balance paid. After that it's likely to be a prolonged period for residual assets to be realised . 2/3 years?

The fact is that the NAV has relentlessly increased over the years and will have moved up further when the year end figures come out. JV and the team have the option to liquidate the (very diverse ) portfolio at some stage and this represents outstanding value at the current sp.

Tiny free float-huge spread. Last day today. I think you're right Value. I suspect low ball offers have come in on the property and it's going to be a slow process to realise. Still, a $3 million distribution at the end of the year would be nice.

Looks like the opportunity to trade before delisting is disappearing

Fair point and you clearly like him. I picked up on his thread a few months ago recommending NSCI, IPO, DG19, ESO and PTAL all of which are lower now than at that point. The trick is not just to identify undervalued shares but also give a heads up when it's time to sell. But that's expecting too much.

He gives a well structured argument for these but many of his recommendations have disappointed. As most of the risk is already factored in I'll buy a few more. On an averaged down 63pps at the moment. Painful.

Come on. Bird has been spouting garbage since he took over in 2018. Remember him saying that Mankayan was worth $90million. Always jam tomorrow hence sp car crash over the long term

You mean 1 for 100 consolidation.

Did you really put all your eggs in this highly speculative basket?

Interesting to see the resumption price c1st Oct and delisting. Suspect around .25 to .3p given the timing uncertainties and loss of control once out .

I'm probably being overoptimistic Krusty. Even a 50p annual dividend gives a running yield of 7% + so I'm quite happy on that.

Animal. JV is no spring chicken. My gut feeling is that the portfolio will eventually be liquidated. The big question is the time frame.

Guitar. Yes we should be looking at another 1.89p next month but the market hates uncertainty. There's a decent safety margin between the sp and NAV (68p) but always at mercy of nasty surprises. I'm still down on this one but reasonably confident of getting out of jail at the conclusion (he says hopefully)

I wonder what the current value of the Ideon investment is. It had surged to $869k in August 2022 and presumably much higher now.

I expect the next dividend to be shaved to c5.4p to give a running yield of about 7.75%. Added some more today

7 weeks to EDM decision on LS. Look forward to next portfolio update. Incredibly cheap right now.

Exactly riskingit. It's all about perception and sentiment. A business like this doesn't suddenly become worth millions less overnight. I tend to do a slow feed on weakness from other dividends.

Results and divi due next month. Assuming a £33million total payout we might be looking at c40pps. The company is not saying. Thoughts?

90% or 95%? Either way I'd be inclined to take the hit. If it delists you're trapped and often struggle to get info. Just my take