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Some great posts from Suzy today. Keep it up!
It's only a three bagger if she managed to sell it at 9.48p. Now it's less than a three bagger and the chart seems to be suggesting it's going back down to 3p again. And whilst I haven't read every one of Suzy's more than ten thousand posts about Beowulf (approx three weeks work if you reckon she spends a minute a post, and worked non stop eight hours a day, seven days a week), I'm guessing she hasn't sold, so it doesn't look like she's done that well from it. I remember another poster pointing out that a profit is a profit. There is another suggestion that it's profitable not to get emotionally attached to a share. Not sure if there's any truth in those observations.
I really wouldn't worry about the SP drop. It hasn't got anything to do with the core business. It's 'retail' and that's it. AIM is all about the wild blend of investors, and it's that which produces the enormous profits if you time it right and you read it right. AIM provides wild extremities in SP which don't reflect NAV, potential or any reality, either over or undervalued. Brought on by the bunch of lemmings that us AIM investors are, making money out of people who believe they understand the company or the local politics better than others. The fundamental problem BEM faces is how to finance a working mine now. It would be useful to see the plan Kurt has for that with a timeline (and none of that small cap exaggerated optimism) asap, and how he's going to finance it. I've no idea what's on his mind, and neither has anyone else. That's the problem. I think other posters are right - he's a miner. But you also need to be a businessman. A few words in the ear of the likes of Anglo American in the last few years, building up relationships and plans, so when the concession was granted, it could have been followed by a swift "Great, and here's what we're doing now to bring the mine to fruition by 2025 without selling the company at a price of 4p per share" would have been useful. But we can see little such preparation. It's all about leadership in the end, and there appears to be an air gap here. I'm sure Kurt is a nice guy and I tip my hat for his resolute approach to the concession, so no offence intended Kurt when you read this (and we know you read the boards). GLA if you intend holding. I really hope it pays off. It's a company with good concessions and it would be an injustice if it folds in the same way that others have.
Eric. There's no reason to hold now, that's why. Before getting it, you had speculative hope. That brought in the people who inflated that particular bubble. The average AIM investor here right now is here to make a quick buck. They're all bailing out now that the buck has been made. Off to new pastures. The company hasn't changed at all. But there are better opportunities elsewhere until thee is reason to buy in again. Plenty of people are watching here, but now they're watching to perhaps take a position at around 3p- 4p, or else watching for the next bit of news which will be, as Kurt has explained, towards the end of the year. If BEM survives, that'll be a success, but many a big miner will be waiting for BEM to teeter on the edge of collapse to get the best possible price (ie, the cheapest) price for what BEM is holding. Finance is the big thing now - finance to survive and finance to develop the assets it holds. But the life of the small explorer like BEM is a tough one. You saw what happened to Sirius, right?
J2300 - It's a random guess. At this stage, everyone's guess is random. The share price doesn't reflect NAV at all. We all know that. We're on AIM, without a bank of well paid analysts investing pension funds behind us, providing the bulk of investment decisions and a certain rationality. We've got a rag tag mix of 'get rich quick' with 'growth investment strategists' and a bunch of other strategies for investing investors. It's the relative inconsistency of investors you get on AIM which lead to ridiculous valuations either side and so the opportunities. I'm looking for growth in a sector I believe will grow quicker than others. First mover advantage. So I believe we have a ridiculously cheap opportunity here. The LEAP IPO is almost a burden because while it will provide capital for that strategic growth, it will also provide a distraction in the short term. I think the other investments are excellent.
I'd venture that the belief that the LEAP IPO will somehow lead to a SP above 11p giving people the opportunity to sell is absolutely fanciful. I say that because I've seen it elsewhere on AIM, PIs believing that they have somehow spotted a news event that is upcoming and that they are the only ones. And when the event does happen, you get a spike for about three minutes when everyone sells. Good luck if you're waiting for LEAP IPO to provide an opportunity to sell. Better to look at fundamentals of a company, how it handles its investments and look for value led growth. Warren Buffett is perhaps the closest model we can follow here at SEED.
Bilbo. I would suggest we are where we are now precisely because of Linde. Without them we’d still only have the old factory. It’ll take time to get speed up but we’re in a better position with Linde than without.
Les is a one person band. Like many of us, he can see the potential of H2 but doesn't have the financial backing to make it work. It's easy to set up a name in Companies House and call yourself 'Hydrogen Industries Incorporated' or whatever, but a completely different thing to make it work. I'm not particularly surprised ITM turned him down. I can imagine the reasons beyond that he lacked credibility, more on how on earth is he going to finance his ambitions? Particularly if he keeps CAPSLOCK on for all of his communications. Reminds me of a particular type of poster. Sounds like he'd be an enthusiastic lead creator for ITM perhaps, but then so would we all if we were retired with plenty of time on our hands.
https://find-and-update.company-information.service.gov.uk/company/12122765/filing-history
https://players.brightcove.net/4090876629001/default_default/index.html?videoId=6284728464001
Duh!
I hadn't really looked into Moon Active before, so thanks for the posts guys. I can see why you're so frustrated and suspicious! Moon was valued at $5 Billion last November! So we got rid of 5.9% for $500k in 2017! That would now be worth nearly $30M! Can't really understand the reasons for selling. Perhaps the lesson is not to buy and sell and buy and sell and so on. But perhaps get an investment, and if you think it is a good one, hold on to it and buy more when you can. If we now had that $30M additional to current NAV, then it would be unlikely we'd be at 5p! And what are we doing with LEAP, just at the moment it seems to be doing so well? Just for the sake of getting an up to date valuation and some extra cash to put into new investments? I, for one, am not bothered about any delay in sale of LEAP. To be fair, I'd almost rather we simply held on to it, and attracted cash for investment in other ways. LEAP is simply going to be worth more in five years time. And there's less risk. I'm lucky in buying and selling shares SOME times, but not all the time. There are plenty I wished I had held on to rather than sell only to put into something new. Any jump in SP due to the new valuation (as a result of a sale) of LEAP is likely to only last around 15 minutes before it's dissipated away.
Winding the company down would involve selling the assets and returning cash to shareholders. So a SP of 5p is inconsequential. In my experience, you would always get more for an asset by going private - a placing with another well placed individual invested in the asset or asset class - than by relying on the vagaries of AIM, or even the main market. So regardless of the SP, holders of the shares would get back a lot closer to the NAV than we are now.
Who is the talking horse btw? And why/how would they do a massive dilution? I'd be on the board, perhaps with one or two of you so would block any attempt to stymie my return of value to shareholders. I still get the frustration btw. And that's my theory of why the SP is down. We need a quick turnover to maintain interest. That's it.
Mat78 hit it on the head for me. Personally I’m contemplating selling some other stock and use the proceeds here. Then I’ll get myself a place on the board and announce a fire sale and easily double or triple my money as I wind the company down. Who’s with me?
There's often a reason behind which NEDs are appointed. Here we have someone who is being praised for 'their experience of capital markets'. I hope all is well and that KNB aren't looking at raising some fresh capital.
I'd be interested in reasons why the EIAS would not be granted. Presumably the only reason would be that the mine is so valuable that the Moroccans have decided that the project is too valuable and will decide to nationalise the resource. Personally I'm nor surprised at the current SP undervaluation. I see it in many parts of of AIM, and these valuation issues appear to be particularly AIM specific in my experience. I'd suggest this is a fantastically good entry point (as I did recently) and just sit back for a couple of years.
Hey all you SEED rampers. If you're so smart, how come I'm not a millionaire already? I'm a brilliant investor and it's someone else's fault. That's why. You want facts? My bank balance isn't as high as I want it to be. That's a fact! And that means the CEO of this company is out to scraw me. That's a fact! Gee gees is my thang. I'm going to be a millionaire this time next week because I'm brilliant about gee gees and it'll only take an afternoon. It's that easy! Don't let anyone fool you about this 'there's a real world out there' stuff. (I knew I should have tried BTC :-( ). Making money is easy! Look at me! And if I'm not making money, then it's someone's fault, and it isn't mine, nor is it the fault of the other unpredictable factors out there in the so-called 'real world' with a 'million variables'. Humph!
Longlad - I'm still not sure what you are saying that Ed is doing wrong exactly? It seems like the general consensus is we all get it was a bum investment for you personally as it didn't get you rich quick. But what bit of SEED's strategy is it that you think should change, and what exactly do you think is the problem with SEED (aside from you not getting rich quick off of it). Is it just because you don't believe that there will ever be a liquidisation of LEAP? Ever?