Member Info for silverknight

I was referencing the many small miners with billions of shares in issue. The free float here is tiny especially with JV owning nearly 20%. I'll keep on nibbling at it on weak days.

Ask him. If he offered you .2p you take it? Probably not

Incredible that people buy huge quantities of garbage in the small mining sector but this gets overlooked. A token dividend or capital return would change perceptions. I wonder if JV has any plans to monetise his large stake at full value?

Florence. You can shuffle the assets many ways. The multiple quoted companies in the tactical portfolio are largely near the top end of their trading range as is Luca. Gold is around all time highs and there is no debt. NAV should push higher in the full year just ended yet the discount is around 60%. This is a unique micro mining investment trust and at some point shareholders will be rewarded (I hope).

Agree Gerry but I've only got a small (thank God) holding and not too enthused about the prospects.

What are you expecting? They do the business and issue interim and final reports. Dividend has increased for 19 consecutive years and yield is nearly 10%. This is a well managed class act to add to on weakness (ie now)

The incentive to subscribe is diminishing with each sp fall. Given the bigger picture with this company I think I'll let it lapse. The underwriters wont be too thrilled I suspect.

I suspect Damian might be a reference to the devil child in the film The Omen (1976?). Probably before your time.

Talk of the sp 'crashing' from a fraction of a penny is quite amusing. I think the all time high was about 76p circa 2010. And I thought it was bad when Bird took over!!

Obrigado.

This is a fairly unique company being very low market cap but a great spread of investments. Beats me why it's selling for less than half NAV but I was happy to pick up a few more today. I'm struggling a bit with the valuation/time frame on the LS put option. Clarification anyone?

Bird's certainly got plenty of experience in destroying shareholder value

Well i've bought more today. If we get (a not unreasonable) 8p divi plus 15p capital return over the next year there wont be many complaints i suspect

Interesting. Normal trading on ii but the gap between the sp and nav continues to widen. I found the OakBloke report very helpful. Clearly a lot of nervousness here but is it overdone? the numbers suggest so.

Sounds like you're in Dire Straits

Looks like wefox represents about 35% of the equity investments. The remainder valued at c £36 mill (give or take). A write off would be painful but not terminal.

You're right dvh. It's about point 1% likely.

Good informative article -thank you. Question for long term (in loss) holders is whether to bite the bullet and (keep) averaging down or accept an unquantifiable loss. Think I'll go with the former

Mine's in (ii)

Mr T. The 'negative stuff' only reflects the relentless fall in the sp over many years. That's the fact of it sadly. Practically valueless

Mankayan went from jewel in the crown (fully owned) to a sideshow we have no control over. I think Eureka has been offered for sale in the past with no takers at an acceptable price. It's sad that Hope ( a cheap bolt-on ) is now seen as the main interest. As I've said before if there's value here where are the bidders? Even with a license where are the funds coming from to progress? Whatever happens Bird will expect his pound of flesh.