Member Info for Tripod-Man

Why set up a new company? Surely would have been more efficient to manage this "new product" within the existing company.

I wonder if someone at LSE can correct the title for this entry. GOT is Global Opportunities Trust and not Gotech Group, whoever they are.

BlackRock's shareholding keeps ping-ponging above and below 5% over the past few months. I wouldn't read too much into that. There are several RNSs to this effect.

I don't like the reset but added today.

Discount to NAV now around 43%, if you believe the last reported NAV of 82.9p for 31 Dec 2025.

Dividends forecast to reduce to c.3p from around 2039 not very exciting. Hopefully, the capital returned with 4-6p annual dividends until 2035 will still make this a reasonable invesment overall at the 47.7p bought today.

Blackrock keep ping-ponging above and below the 5% threshold. Each time they do they it triggers an RNS. I don't think their shareholding has materially changed, although I may be wrong and the most recent RNS simply states to "below 5%". How much below? Maybe they'll be above 5% again next week.

This week's drop looks overdone, unless some news from the 11 March presentation has leaked. I'm holding either way.

Seems Marshall Wallace have been reducing their short position since July 2025 when it was around 2%. Doesn't look to have been a very profitable trade for them over that period.

I noticed they've already raised £4M from institutional investors and the retail offer is only for £750k. So they should be good until sometime in 2027 at current rates of cash burn. Hopefully, the revenue growth will surprise to the upside, albeit from the current minuscule current base.

I've invested £25k at the 21p retail offer. Hopefully, won't be good money after bad....

Proposed fundraising RNS states "Looking ahead, Quantum Base expects to report revenue growth in FY26 and FY27 in line with current market expectations." but I can't find any "current market expectations" anywhere.

If the fundraise fails, it looks like curtains. Or am I being overly pessimistic?

Only enough money to keep going for 7-8 months. How much will any refinancing in 2026 dilute PIs?

Michael Tang is involved. Look into what he did with Polo Resources PIs.

Even if the project goes ahead, do you think PIs are going to benefit?

AGM includes a vote on buying back shares. Really? With only 7 months of cash to burn?

Re Yuri.F "Probably because you haven't read Annual accounts report published on 21st Oct 2024. It is clearly visible there at the bottom line of page 98."

That's OK then. It only took them 2.5 years to inform the market of the 60% reduction in NAV. The mind boggles.

Q1 2025: 0.4 pence per share for the period 1 April 2025 to 30 June 2025.

The payment will be made on 31 July 2025 to all shareholders on the register as at 4 July 2025. The ex-dividend date will be 3 July 2025. This dividend will be an Ordinary Distribution.

Q1 2024: 0.5 pence per share.

Q1 2023: 0.625 pence per share.

Q1 2022: 0.8125 pence per share.

Dividends keep going south.

Any idea what the shorters are hoping for? I see very little downside from current SP.

On the other hand, RNS today show Blackrock reporting an increase in holding A vote of confidence?

I think that's Polo Limited and not Polo Resources Limited that was dissolved last year.

According to their listing on AIC, Montanaro Asset Management Limited "believe that businesses that do not take ESG seriously may not be around in 10 years’ time." Fund managers are prohibited from investing in companies that do not comply.

I'm steering clear of MTU (and other B Corps) until this investment fad is behind us or at least out of sight.

They can virtue-signal with other people's money.

The annual results presentation today was very enlightening. Questions poorly answered. 80% discount to NAV is generous in my view. H2 is the new snake oil. Pity I got suckered. I anticipate this going to zero within 2 years as they burn through cash faster than they can divest.

Hence the discount, I suppose. Not very happy seeing the SP dwindle further over the next 2-3 years while they "earn" their fees.

Presentation Q&A reveals 30% of 2025 production is hedged going down to 13% for 2026 & 2027. No plans for additional hedging. I'm wondering why not. Would it not make sense for higher hedges to be negotiated?

"More than half of the 130 members of the single-chamber Congress are currently under criminal investigation for everything from bribery to domestic violence." Wow! Makes our lot look like angels. :-)

14 Jan 2025 RNS states "The NAV per Share decreased to 27.43 pence as at 31 August 2023, a decrease of 37.3% from the 43.76 pence as at 31 August 2022."

5 May 2022 "5.8 per cent increase in the net asset value ("NAV") and EPRA net tangible asset ("NTA") per ordinary share ("Share") to 111.2 pence as at 28 February 2022 (105.0 pence at 31 August 2021)".

I don't remember being informed about the NAV reducing from 111.2p to 43.76p between May and Aug 2022. Is this the first we are hearing of it?

Thinking about purchasing here for a long term hold but even so today's 13% spread is really off-putting. I wonder is this is the norm for PNS. It may go some way to explaining the large discount.