The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
They have to extend. There is no reason not to. The Aim rule is six months, extended to 12. More time to get this right. It's what us shareholders want, a good deal. Bod will have the time now.
Fantastic, so we will definitely get an update within the next 25 days without hesitation. Excellent.
Never been in a share where it has been so silent till the end, not a sausage.
APEG is the only problem. Maybe ride it out a little and focus on the other 2 remaining. They seem to be in progression.
Spot on. Financial year end 5th/ April. Our last day 7th/April. 2019/20 financial year can play its part for £1. Great tax losses for only £340K. What a bargain. Principles need not play a part. But this is a scenario, hopefully not the main one.
The proof is in the pudding. Therefore we wait. My comments are based on the last few months. I agree, so what if the RNS cost money? An update? Well, if we say an update on what? Afterall, they are working on something, but what? Sure, it is sensitive details for now, I appreciate that. But there was the feeling, we were quite close to something. So October and now February. Who wouldn't worry? It's human nature, not panicking. In the next few weeks, something can happen or we get de-listed. We can all stay optimistic, that's fine. I prefer to be as well and also have a little idea we are on the right track. Let's hope the cake is in the oven.
That sounds right: Austin Field, Fort Worth JV in Texas and Zink Ranch Field in Oklahoma left. Bivins was sold.
We are all waiting for a good outcome. Not much more we can do. Let's just keep the passion, the fighting spirit. Hopefully, we may get an update from the very people that have the petrol in the tank.
It's a possibility they're not bothered how we feel. It might be a case that there is nothing in the pipeline. It's possible they have everything they wanted. A lot of investors were lured into the open offer. They got what they wanted. Innocent until proven guilty. This case has near seven weeks to go. If innocent, all the better for us. If guilty, remember the names behind the scene and never deal with any of their investments moving forward. Sorry to be blunt, but it's common sense. We are trying to give benefit of the doubt, but no updates, let the mind imagine scenario's. I might be completely wrong and next week, we'll all be smiling, the Bod's are all saints, their hearts are in the right place and they think about others, including us, the very people who are helping them. I mean, it can't be any other way, can it. Surely not?? I mean, i invested here in the utmost good faith, with reliable up line, the rich guys who made so much money in the best possible way. They are helping us now, right?? Surely.........Nahhh !!!! Let's not go there. Keep smiling. Trust the BOD's. They are good, good people.
Jimmy, I hope you are just clutching at straws. We've all had our rants, including me. We have come this close now, all we can do is wait, no other choice. Tell your source to wait like us. Probably best.
Read it
Bare in mind, suspension is only touching 4 weeks since 2nd/Jan/20. Considering this RTO, probably another month. Stay optimistic, RTO sounded positive.
Very positive , "Proposed Transaction". If all goes to plan, hopefully good news in the very near future.
Spot on Jace. I will say this, Applegarth and Chriszzr have my utmost respect as credible on LSE posts. Jace, CountingCards, the same. We just need to be constructive on here, make sure the details passed on can gather our thoughts. I for one am concerned. I know many here are from previous posts. I certainly don't want to kick a stink. Just remember, we are in the second half of a football match and not a single attack at goal. I'd rather people contact the right people behind the scenes and share if you can. There is alot of money involved in here. I want all to benefit from this, not just me. This needs everybody to sail in the same direction.
I also have a few million shares in BOU. There is a difference between it is and it maybe. Let's stick to it maybe, there is no problem with that. This is not a 800 metre race, where we dash at the last 50 metres. Watch Dragons Den and see the candidates sweat at the beginning. My point is we are concerned with the time factor. The obvious is being stated, there is nothing we can do as our money is tied up. However, do not make investors feel as if there is a clear indication on the RTO. We are not here to cause aggro. But human nature is we get concerned when we put monetary holdings in an investment. So the subject about socks last week, it doesn't really help. Nor convincing investors we know the proposition. Guessing and throwing fuel on the guessing doesn't create optimism, just allows the clock to tick and guess what?? April will be near.
So guys, is it definitely Coeur Gold. It's just you are so convinced, i'm so excited about it. I remember this particular proposition was mentioned some months back. So why are we all worried? Afterall, it's clear right, it's Coeur Gold as you say. Fantastic news. So, is it just the paperwork?? yeah, it takes 6 months for the inevitable right? I mean although this was intended to be a couple of months. But no issues, guys, you have cleared up the guessing game.
From the day of suspension, they will have 6 months to sort the RTO. From their last RNS, it is saying a MOU is in the process. Therefore, by the sounds of it, they are in negotiations with a target. Hopefully, all things going well and both parties agreeing terms, this may not need to take 6 months. So we just need to keep an eye on any updates. But so far, so good and heading in the right direction.
Strange, we get 24 updates between 02/04/19 to 07/10/19. When it really matters, not a single update. Is this not the time for some form of nudge on the shoulder?
What is understood by MKL is keep the focus on what needs to be done. We can speculate, but we are in the second half of this suspension. Don't get too drunk in this party. Otherwise, we'll wake up in April with a hangover and realize our conversations kept drifting. Keep the focus on the director's and the proposed RTO.