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In the last 2 years it certainly has been Dandanman. Prior to that, averaging down had been a profitable strategy for me.

You're not the only one Feeks, not that that's any consolation. I also kept averaging down, believing the narrative that management had a handle on things and that the placing 3 months ago would see us through to commercial lift-off.

Pumped by Vox, endorsed by The Oak Bloke (yup, another dud), and here we are...

Published 5 days ago:

https://www.india-briefing.com/news/indias-prospects-as-an-ev-hub-consumer-market-and-production-capacity-30157.html/

I can't wait to read an update from 'The Oak Bloke'. Another of his picks crashed and burnt. What will he say this time?

Sorry, but I can't feel much excitement about this. Yet another RNS about expanded coverage. As we've been saying for months, where are the sales? No mention....

From where I stand, the technology remains unproven commercially and a 3p rise in the share price doesn't even register in the context of RENX's losses in the past 2 years.

The best that can be said about the news is it may help in getting an imminent financing deal over the line on slightly better terms than yesterday.... because, remember, this company is about to become insolvent.

Yup, still watching and waiting. I'm amazed that they haven't reported something concrete about financing by now. In the meantime the share price suffers death by a thousand small cuts... and a few deep ones. It's hit 10.25p to buy this morning but no one's buying. Why would they?

Nasty drop this morning presumably caused by Alpha Financial Markets reporting negatively to the market. I'm taking a fair amount of stock-specific risk here, but I've added again.

Unexpected & unpleasant drop these last days. I still think this is one of the better quality junior gold miners, but share price progress has not been forthcoming... indeed it's barely kept up with the junior index over 3 years.

Yes, per this morning's RNS we now know that the 466K buy noted by cashking was our new chairman buying on Friday. Better than nothing I suppose, but £20K feels a bit token to me.

Unlike many here, I'd rather they didn't spend (or waste, as I see it) money on exploration. Far better to conserve cash in order to (1) support the divi, which has reached 11% on today's price, and (2) build up a war chest for future opportunistic acquisitions of producing assets.

This management has proved its skills more as dealmakers than oil & gas explorers.

As for lack of comms, that is par for the course with this lot I'm afraid. Investors here must understand that they will be left on their own with minimal guidance and hand holding.

With inflation and interest rates set to reduce and the prospect of people's wages and benefits rising in real terms, I was thinking things might finally be looking up for Boohoo in 2024. However, so many fashion retailers have recently updated with missed guidance for Xmas period sales - H&M was the latest - I've lost my optimism. Shein is stealing our lunch.

Thank you rejucht and StarBright. The old UK discount eh? Should've guessed. Note to self: (1) cut allocation to UK listings - it really has become a low quality arena for investing; (2) be wary in investing in sexy new asset classes.

Would anyone happen to know why Gore Street Energy Storage Fund (GSF) has avoided the extent of declines that GRID and HEIT have suffered? Are they investing differently?

The best bit for me is where Ben Guest says "we are determined to take the right capital allocation decisions to position the Company prudently".... Prudently?? Morning coffee duly spilt!

I see that superstar small cap fund manager, Rockwood Strategic, snapped up 3.5% yesterday. Great minds think alike...;)

Crickey, another 7% down this morning. Share price in freefall. Sentiment is so poor. Another of those more recently created investment trusts of a more speculative nature, which have gotten themselves in trouble. There have been a few, e.g. SONG, DG19 (recently announced it's winding up) and there have been others but the names escape me now. All are in different fields but the one thing that unites them is that they are investing in fairly new asset types (battery storage, music royalties, digital start-ups). Obviously there are inherent risks investing in asset classes without a long track record and to mitigate these risks a high quality manager able to allocate capital smartly and board with good oversight is absolutely required for these sorts of trusts. Exactly what we don't have. Should've thought about all this before I invested. Painful, but it's an education.

Anyway, as I've said and as others have said, in the absence of communication from the board the market has decided, quite reasonably, that the uncertainties about the divi and NAV are for real.

Perhaps there isn't sufficient cover to maintain the divi but the share price has fallen so far ( > 40%) in the last month that you have to start thinking there's good value here.

No actually, buy below 60 is correct. The market giveth.... and I've taken!

Company is still profitable, still generates cash, and is likely to be a takeover target in 2024. It was a target yesterday and is even more so today, imo.

They should say something. Announce a cut or even a suspension of the divi. Anything! Goodness sake, who cares about a 10% yield if the stock's losing 10% a day!

No idea why this particular renewables/green trust has been especially selected for punishment and in this particular week. What's up, has there been a short report written or something?

Down 33% so far in 2024 and we're not even out of January. No renewables/green trust can match that!