Member Info for Tr1ck

Looks like it's one of those days on the board.
They always remind me of the old Sid Vicious song fr1gging in the rigging.
GLA
Tr1ck

Thanks Jambo but I have.
And given how much I’ve already made from the wonder that is EUA, that I’m on a free ride, and that I still have millions of these little marvels, I’ll stick with my thesis and IMHO even a 10p dividend causes a major rerate of the SP simply because it offers a risk-free return to IIs.
No need to do anything just now. We can sit and wait and see who’s right.
DYOR
GLA
Tr1ck

That’s my point.
SP would jump as IIs saw the chance to make a risk-free 10% - or more if they buy in early-, some shareholders would choose to sell at different target levels as the price rises, SP would rerate up to the record day, there would then be a further readjustment as some sell out having bagged the dividend, and finally it would settle at a price based on the expectation of future dividend income and behave like a ‘normal’ share.
So I would expect even a 10% special dividend to cause a major repricing.
DYOR
GLA
Tr1ck

Thanks Jambo
But I’m on a free ride here now, it’s about a 40 bagger for me on Fridays close and I have millions of them.
So I think I’ve done OK on this one so far.
DYOR
GLA
Tr1ck

So here’s the thing.
Wouldn’t it be likely that even a promised lowly 10p dividend would lead to a major rerating of the share price.
If the Board announce a dividend and the date of record, then wouldn’t you expect high interest from IIs and Special Situation funds to buy heavily with the intent of catching the divi and selling after the ex-dividend date. Couldn’t a 10p divi rerate the share price to £1 if the IIs know they can make a safe 10% return in a few weeks.
DYOR
GLA
Tr1ck

I like the fact that ACF Equity Research think they are going to be busy for the next few days.
https://twitter.com/ACFER01/status/1392571390499430400
GLA
DYOR
Tr1ck

Thanks Anders, you're a gent.
You don't owe any of us an explanation, so much appreciated.
Best of luck with the mansion.
I'm making do with a highland lodge and a yacht.
GLA
Tr1ck.

What about the flaps Ian??

We could start there and do a crawl along the riverfront to the Red Sky Bar.
Wait a minute. No we couldn't. There's no bars left along the Clyde these days.
:-(

Are you angling for the Aragorn or the Curlers, then up to Clatty Pats? (or whatever it is now).
Perhaps not
;-)

I've said for over a year I'd arrange something in Glasgow (and the Red Sky Bar at the Novotel was favourite) so it would be rude of me to back out now.
I'll sort out a mailing list.

We're range-bound. This is AIM. Newsflow is king.
The MMs are playing their games and making their money. It verges on market manipulation at times, but they'd just say they're ensuring an orderly market.
The day traders have a range many will be comfortable trading in for their pittance percentages.
The shorters are playing their games and may be making small amounts. Maybe.
Me. I'm holding tight. This is an investment stock, not one for trading.
I sold a million shares on the way up and if I had had any doubts about the process I would have sold all the rest then. Am I annoyed I didn't get top dollar? Certainly. But I don't know anybody who can reliably call the top of the market.
Am I frustrated it's taking the length of time it's taking? Certainly. But this is a complicated process, especially if it's a JV. I've spent 15 months putting together a JV at £250m, never mind the £billions we're talking here.
So GLA
Always DYOR
See you in York or Glasgow or ...
Tr1ck

Ian
I've found EIS/SEIS venture investments can be useful as offsets.
It's much more fun to seedfund startups and watch them than it is to hand over large amounts of wonga to the treasury.
At the end of the day you're likely still better off even if they all fail.
GLA
DYOR
T1rck

Agree with most of this.
But, from memory, didn't the Sinosteel EPC deal also include a mine finance package on a 10 year loan.
So Eurasia have the financing in place as well, if they choose to go down that route.
DYOR
GLA
Tr1ck

Can't fault the Power of 78 for optimism.
Leading into a long weekend close-down, would I take anything in their rather wide price range of £1.01 - £7.26 per share
Hell yeah.
(But then I've been in since 0.6p so I'm looking at a 200-bagger and upwards)
DYOR
GLA
Tr1ck
https://www.powerof78.com/2021/03/28/eua-mar2021/

Hi Ian
I've not been in the RNS game for a while. About time I took another pop.
Can you put me down for Monday.
GLA
Tr1ck

IMHO
They're focused on the endgame, not getting the price up in the meantime through newsflow.

F4C
I'd been on the mountain bike round Strathblane then took a blast towards Drymen once I'd thrown the bike in the Defender.
Great view of the Ben as you shoot past Queen's view.
Cycled down from Luss through the golf course at Loch Lomond last week. Very nice it is too. If this FSP takes much longer they'll have reopened Cameron House.
And I nearly cycled to Dumbarton earlier in the week , but I stopped at Bowling harbour for a coffee and never got started again.
Tr1ck

For me that just reinforces that they’re not looking at current share price at all and it’s all about the endgame.
AIM shares move on news and they’re not releasing to take advantage of that.
GLA
Tr1ck

Could be either ongoing negotiation tactics or lining up official documentation before non-binding offers are finalised.
I’m thinking at least one offer before the snows melt here. And it’s March so the snow I can see on Ben Lomond is getting to its sell-by.
DYOR
GLA
Tr1ck