Member Info for StarBright

EWT98 - interesting, thank you for sharing. Would profits generated from Hammersley be subject to Australian taxes - CIT, State Royalties, MRRT etc...?

Owning shares gives you an interest in the ability of corporations to generate returns. If UFO discovers that its Mexican silver projects are far better than anyone had previously thought and is able to commercialise them effectively, then UFO's value will increase. This will happen without any impact on the shares of other companies. It's absolutely not necessary for one company to lose value in order for another company to gain.

I hope that makes sense.

Owning shares is anything but a zero-sum game. Investors have a call on the productive capacity of the companies they own. This is a really important point!

Trading them? Maybe, but it would depend upon your definition of trading - particularly your time horizon.

My guess is that TP’s preferred clients are experiencing disappointment over market reaction to the RNS. What a shame...

Price was high when Degsylumbus was making 30+ breathless posts a day...

Interesting that he's not in possession of any material non-public information.

A good call on timing TKIA.

I think there's every possibility of a decent spike, but I won't be buying at above the IPO price.

More interesting will be to see what Walbrook and the company deliver in terms of ODX comms activities around Abingdon's launch date. The IPO will likely bring attention to the sector, including mainstream media. It would be nice to feel certain that Omega has a plan...

Helpful. Thankyou.

The Morgan Report. This guy has called eleven of the last three precious metal bull runs. In fact he calls one every year. Like a stopped clock he'll be right at some point. His "analysis" and "targets" should be treated with respect they deserve - none!

https://palisadesradio.ca/david-morgan-silver-to-100-and-gold-to-5000-by-2018-or-2019/
"David discusses what the true price of gold should be in comparison to the M1 money supply and how it has changed over the years. By 2020 he expects we could see $100 for silver and $7500 for gold and why it will likely go beyond fair value."

Seriously - this guy, like all the extrovert PM bugs with subscription services to sell, is just a marketer. He understands that there is a market for bullish predictions on precious metals, the more outlandishly bullish the better! These people are charlatans, from whom nothing useful has ever - or will ever - be learned.

Very common, but not in any way fishy...

Trades aren't disclosed as buys or sells. In particular no-one is sitting there trying to show specific trades as one or the other. Sites like LSE have an algorithm that guesses "buy" or "sell" based on the mid-price quoted at the transaction time. All trades priced above mid are shown (by LSE) as buys. All trades below, as sells.

This is generally correct, but not in every instance. For your trade GWP2020 it is likely that you secured a price slightly below the quoted mid-price. As a result, LSE (& other similar sites) will show your buy as a sell.

All it tells you is that you secured a good price for your trade. Well done!

One can make the argument that fiat currencies are themselves a bubble, particularly with reference to PMs. Financial market bubbles tend go on far far longer than anyone expects, but then reverse more quickly than anyone expects. Sometimes it is as simple as looking for the "pain trade" that will cause market participants the greatest aggregate discomfort. I can see two of these from here: short equity indices & long precious metals.

The first is really hard to position for if you are a genuine long-term investor. The second less so. Companies like UFO should offer a leveraged way to play, as they have a usefully asymmetric return profile.

Silver is certainly cheaper than gold. Spot price -25% since August..!

The bear market (it meets the definition...) has increased the relative attractiveness of silver, and by extension the merits of leveraged plays such as junior miners. It is part of the reason that I hold an investment here in UFO.

Whilst it is a positive, inclusion in these Indexes is not a big deal. Don't expect it to have a direct impact on the SP.

Why?
1) There isn't a lot of money managed passively against the micro cap indexes, mainly because the case for passive investment in micro-caps is not strong. It's one of the hold out domains for active managers.
2) There are a lot of companies in each index (sometimes 1000+) so individual company weightings at entry level will be tiny
3) Index fund managers don't HAVE to buy every name in an index, only enough to meet the replication / tracking error requirements of their mandates. The ones they leave out are - unsurprisingly - the smaller new names.

Some active ie. non-index managers will now see the share included in their coverage universes and screens, but that's unlikely to have a material impact either. The company's brokers should get to them ahead of this!

I agree re timing. The sharp rise late Thursday / Friday looks odd with hindsight. It makes the placing terms look worse than perhaps they otherwise would. I added a few at 19.6p this morning, on the basis/hope that this proves to be the near enough the turning point.

MisterP - "...together with a grant of one unlisted warrant ("Warrant") for every two Placing Shares subscribed for..."

So 19.83p average not 21.25p..?

I'm not disputing that Rktech.

Similar story last week with Alien Metals. Investor trust (other than the obvious myopic rampers...) damaged in both instances. Common factor = Turner Pope.

Lock in: not possible, TP’s punters won’t buy anything they can’t sell immediately.
PrimaryBid: not possible, sums involved are too small to absorb the associated fees/costs

It is what it is! In theory the potential for a discounted placing is “priced in” other than in the period shortly after a discounted placing...

Whilst it is a positive, it's not a big deal. Don't expect it to have a direct impact on the SP.

Why?
1) There isn't a lot of money managed against the micro cap indexes
2) There are a lot of companies in each index (sometimes 1000+) so individual company weightings at entry level will be tiny
3) Index fund managers don't HAVE to buy every name in an index, only enough to meet the tracking error requirements of their mandates. The ones they leave out are the smaller new names.

Some non-index managers may now see the share included in their coverage universes, but that's unlikely to have a material impact either. The company's brokers should get to them ahead of this!

From TP:

"TPI estimates that cash generated from the Placing, along with existing cash/receipt of remaining instalments will now be sufficient to carry Orosur through to the completion of Anza´’s pre-feasibility study."

and:

"Orosur’s Board has stated that the net proceeds of the Placing will be used to fund the Company’s general working capital needs, to strengthen its position in relation to the Anza´ Project and to allow it to evaluate/potentially pursue other attractive exploration projects. Within this, it is important to note that under the terms of the joint funding and financing option that, upon Monte A´guila completing Phase 3 of the Option Agreement, Orosur may elect for Monte A´guila to solely fund all expenditures until the commencement of commercial production at the Anza´ Project. If the Company elects for Monte A´guila’ to do so then, amongst other things, Monte A´guila’s ownership interest shall increase by 5% to 80% in the Project. Accordingly, today’s funding round, together with cash, remaining instalments due from Monte A´guila plus warrant/option conversions, may provide Orosur’s with some options regarding future Project participation in the best interest of shareholders, while also being able to undertake other early stage work in other locations with confirmed geological potential and/or seeking new opportunities."

Also:

"The Company has provided no guidance on drilling schedules other than to note that operations are progressing well, but it could be reasonably expected that first assay results may become available early in the new year."