Member Info for SMT1

MagicFormula, I may be able to answer a couple of your questions. With regards to cash, if they make a net profit of £45m & ROC is £35m, then in months without the ROC payment, the cash flow is going up by around £7m per month. Very rough calculations but you can see how the cash balance increases at the year end, assuming no funnies.

Also, the ROC may be included in accounts payable, which is why it goes down when ROC paid. I may be wrong here but a possibility.

Surely we should see a record high today !!

NG, I just have a feeling that investors know that the court hearing & trading update are very close, & won't want to miss out on a bargain.

I feel it in my water that we could be pushing £18 today.

I am finding the share price here bizarre. In the last 6 months, silver is up around 35% & gold around 20%, yet the share price has gone down. Surely there must be a correction before the next results.

Sparky, I thought a trading update is only issued when performance is significantly above or below forecasts. Therefore, I'm not sure we will get one.

Sparky, cannot really disagree with any of that.

Sparky, we may not have the same political views, but I still owe you a drink or two for helping me make the decision to invest in YU at £1.85 !!!

NewGacky, the current Government did not want to increase the overall tax burden, plus they could not care less about public services !!

Interesting points. I agree with you about CGT. I have been suggesting to anyone who will listen (not many) that this is the way to raise income to improve public services.

My opinion is better to do it before any trading update, which I now expect to be a blockbuster. Share price will reach £20 after the update & the sells would have been forgotten.

The results are more or less known. If there is going to be a 25% increase, it is more likely to be today.

Going to be an exciting couple of days. Would expect a good rise in share price today. Tomorrow is anyone's guess. Even if results & dividends are excellent, could be 20% up or 20% down. Share price will of course rocket before dividends paid, assuming good news.

I'm convinced that the share price weakness is to do with Shanta. Investors piling in there and selling Serabi in short term. Once, the shenanigans at SHG have finished, then SRB will re-rate.

Sparky, I suppose the only thing that could help is if the company issues more trading updates out of the blue (assuming positive). This may deter shorters & sellers.

In my opinion, the UK has become a joke, no hope of economic growth, Brexit, high inflation, high taxation, collapse of public services. Investor confidence in the UK is shot to pieces. That does not stop us finding a gem of share in YU.

Sparky, this is now happening on most AIM shares. If news not expected, sellers & shorters drive the price down. When news approaches, they buy again, making their profits. Unless something happens out of the blue, YU only has trading updates & results, so easy to manipulate. All time highs will be back next month, don't worry !!

Sparky, have to disagree with you for the first time ever. Labour are far more pro business than the Tories. Remember what Boris said !!

Don't worry about it. You always get sellers trying to make a quick buck. I would expect the share price to be over 1400 in a couple of weeks. This is a normal pattern with a YU trading update.

The gold price must be collapsing. Oh wait, its $2034 !!!!