The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Same old Prelea BS. It's been happening for over five years with Prelea looting PIs through share placings and dilutions. Vast has raised over £100m during that period and not produced a profitable sausage in that time (unless you count Prelea's own annual salary of £250K).
Is it even possible that Glencore might agree to hoover up Cannacord at 140 on the market and provide Cannacord with an additional off market fee of 100p/share (for example)? Thus strengthening their position for a low ball total buyout in the near future? Or am I thinking up paranoid delusions?
Wouldn't you say Moon?
Marenge diamonds - https://en.wikipedia.org/wiki/Marange_diamond_fields
Frankly the diamonds are not worth the hassle. Marenge rough diamonds such as these top out at $50/carat. with 129,400 carats, these have a value of about $6.5m or £6m. After subtracting all the costs to do with ownership of the diamonds, I'd be surprised if there is £5m left in value. It's like p***ing in a pot really.
Interesting to see that this US ETF fund has been launched. Horizonte is its 5th largest holding at about 6% of its only nickel portfolio.
https://www.mining.com/sprott-expands-energy-transition-fund-suite-with-launch-of-nickel-etf/
Craig Harvey had one role. He was prepared to sign off on bent assay and JORC findings as a competent person based far away in South Africa. Prelea has a cheaper option in Romania who signed off on the last BP update.