The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Revenue is meaningless without a profit. At least they haven't asked for more cash for some while.
There is a big difference between a lender and an investor. The investor accepts the risk and knows he can lose his capital amount. The lender wants a return that compensates him for the effects of inflation and gives him a small income. He does not put his capital at risk and would look for some asset against which the loan can be secured.
That is why the last lender pulled out and why you had to treat claims there were a large number of lenders queuing up to take their place with suspicion.
A top bulletin board? I only came on here when someone posted on the Caledonian Mining board saying how this was a far superior share. When I looked at it and said the lack of a finance deal was a problem I was accused of being a paid deramper. My posts kept disappearing.
I'm sure Putin would be happy to give jobs in his propaganda department to some of the people who operate on here
The proof of the pudding is in the eating and as for deramping I've received no cash from anyone and I have no intention of buying any shares
The original funding fell through because the Kenyan government rules didn't allow the operating licence for the mine to be transferable to a third party. It would have cost them nothing but it meant the lender had no security for the loan. That being the case Caracal will do well to get them to divi up £10m.
They were mentioned on the money page of the Daily Mail website about shares to take advantage of the strong gold price. Don't know if that has generated some interest.
I saw the post on here regarding Caracal and took a look at it. I posted on the Caracal board that the failure to secure finance was a real problem and was met with accusations of being a paid deramper. Caledonia is a far better share. Not only is it self financing it pays a dividend and it has a plan to genuine growth.
I looked at this share after someone came on the Caledonia Mining share page and said how this share was far better. When I looked at it and said the lack of a finance deal was a major concern I was accused of being a paid deramper mainly by people who are in way over their heads. The only person ramping or deramping is the guy posting about Caracal on the Caledonia page and people in over their heads who are completely intolerant of any alternative views.