The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I have a reasonable amount in here now and I am comfortable with that.
After all
We are only three quarters of what was an ungenerous placing price. Oodles of scope for improvement. An interesting post from you as always skittish showing that we don't know what's going on behind the scenes but ending on a positive note.
Hoping for a nice bit of FOMO when we are cranked up again and I think that all in all for those that came in at this price you will be quite unlucky if you don't get the chance to exit substantially higher at some point over the next couple of drills.
Just my opinion
Did someone drop a cancer drug on your head Nissan?
Still plenty time Joe
However to be pedantic logic tells me that in the event of anything in the third line of your post applying it aint going to RNS'd
Lol touche Wyndrum.
SP has been stable for the last few days.
IMO peeps are content now with their level of exposure.
Now we await continued news flow.
Logically imo the next RNS will be part fitted and drill turning.
That'll again focus minds.
We don't have long to wait
Good luck all!
What an interesting bunch we are
LW puts forward the latest CPR as a major reason for his stated investment strategy. He or she fairly clarifies that he is no expert in how to interpret a CPR or presumably give it context. He is as far as I am aware alone in viewing the CPR as negative (certainly the the Company who were pleased to announce it and publicise it on their website don't). I guess if you take the view that there are no positives at all with the company as he or she has stated then the CPR will be similarly characterised by you?
For me (and I am similarly illiterate in CPR's to LW) I simply note that the COS in the new one is similar to that of the old one despite intervening derisking.
I ask myself whether in coming to a decision on COS the writer has to be cautious as to whether the asset is contingent/prospective ,has to take into account broad industry stats which some may consider not so relevant to our circumstances and requires perhaps to ignore a whole lot of other factors which some of us might consider common sense but for perfectly good reasons can't be taken into account by the CPR provider (who is much more likely to be criticised himself I think for being too optimistic rather than the reverse.
Anyway here I am bumping my gums in a fairly non informed way just like LW.
Just one more thing if I may address you Wyn.
As you are aware it is a major source of volume on the LSE boards posters commenting on each other rather than the company. I think its ironic when posters like you comment on posters who comment on each other. Now of course I am commenting on you commenting on other posters commenting on another poster.
LSE will be pleased!
We are drilling in part of an advanced exploration project at a spot where there is a working helium system with multiple prospective intervals and in respect of which reservoir and seal have been identified.
The project has been derisked by the 2021 campaign.
If any poster seeks to argue with any of the above I suggest they be ignored.
Lorna has not put a foot wrong operationally.
She's kept to all the timelines she had it in her power to do.
We have conducted all the appropriate preparations to fulfil the Company's long held dreams..........
Of course its frustrating.........
But the drill has done well
The drill bit has been sure and true
The hole is behaving
And now .....
We are on the cusp of the very first sweet spot which will probably be entered in maybe a weeks time......
And then on our little bipolar BB it will be imo
PARTY TIME!!!!!!!!!
If Carlsberg did Trailblazers it would be Dr Tap.
Trade this at your peril folks
I'm not sure I understand your anger Roger.
I agree the Company will have known for some time they would raise prior to spud.
"At an opportunistic moment" doesn't rule in or out any time frame.
Its trite to say it but of course the company would no doubt have wished to raise slightly higher. Thats life. Thats AIM.
There are all sorts of scenarios wherein the Company have done the best they can to prepare for the most exciting quarter in their history and not many wherein they have done the dirty on their shareholders.
Why choose to believe one of the latter scenarios?
In any event imo anyone with an average of less than 15 will have an opportunity to derisk (if not already) either pre or post spud?
That should keep most of us cheerful?
Of course the price was not going to go down to 6!
It is far too exciting a situation for that!
The reality of the situation for those that needed a dose of that medicine and should know better is that; The Company didn't lie. The truth is ; You don't know how to read!!
On the contrary the Company was surprisingly (some may say "too") transparent about its fundraising intentions)
There was nothing more it could have done to warn us.
My average is higher than the present price
I didn't anticipate the sell off.
But I am looking to the future and that involves averting my gaze from the mouth of my gift horse!!!!
Let me tell you a true story.
I was walking down my street the other day when I saw a dog sitting on a lawn under a sign saying
"Talking Dog for Sale"
I said out loud "I don't believe it"
The dog to my surprise spoke up and said;
"Oh Yes its true. I've been able to speak since I was just a pup. As a matter of fact I've had a long career as a Spy. They ship me off to conferences. I sit in the corner like I'm taking a nap and I remember everything and come back and tell my handlers"
I asked the dogs owner how much he wanted. To you £50 came the answer.
I was really taken aback
"You can't be serious £50 for a talking dog???? Why so cheap?"
"That dogs a liar" came the response. "He's never been out of the front yard".
I thought to myself sometimes people just don't realise the value of what they have!
Can't blame the mms f
or the price drop.
The reason for that is plain for all of us to see.
There is a big seller.
It's nothing to do with the Company prospects.
It's nothing to do with anyone's cunning plan.
It does not have the look of forward selling for a placement (would be too obvious)
There are plenty of potentially good personal reasons why the seller may be selling.
None of these should imo worry us.
Just a question of how much they have left to sell.
Is it to do with outgoing director(s)?
Who knows.
Occupational AIM hazard
Seems to be there's been another whopping sale which we will see after hours.
There's no mystery about the falling price
This morning we have a nice informative factual and encouraging RNS that whets our appetite for the shortly arriving endeavours..
Facts are;
1. We are getting tons more information and more regularly than your normal AIM explorer.
2. We are invested in that strange phenomenon, an AIM company that sets realistic time lines and sticks to them.
3. Related to the second point when the CEO speaks there is never a hint of BS ( again perhaps a rare AIM phenonenon)
There has talk of whether the directors are aligned with the shareholders.
I don't think any of us would have a problem with them awarding themselves attractive options in the event of success.
It used to be that nomads would counsel that it was not a good idea for a director to have too many shares (encourage short termism etc)
I don't actually thaink the price will end up rising much if at all today.
I don't care.
Neither do I think the quality of this chat board will improve.
That doesn't bother me either.
In that sort of alternative Universe Drillbit Bill I suspect that a real Unicorn would serve us all our needs from a Gold Platter so we wouldn't worry about the price
Nice clear analysis?
Beg to differ.
No cEO unless they are an idiot or desperate and are furthermore badly advised by their nomad has ever in the whole history of benighted AIM guaranteed they will not fundraise before a given date.
Magafuli was a bampot.
Thankfully the current regime is far more business savvy as I think Lorna put it.
Re the general situation I think theres very little point in beating our breasts.
The evidence appears to be that there is a big seller.
That happens for all sorts of reasons
imo his antics have caused lots of small investors to be spooked
Don't blame the presentation. The price rose strongly during the presentation.
Lets not overthink this. Most of us know what happens on AIM.
Pronounced swings either way for no apparent reason.
Isn't that why we love it?