The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
"Have they ever had a closed door AGM Wigster ?"
I'm not sure tbh DocD. I guess it IS likely to be another face-to-face AGM this year, but I do remember some very frosty looking faces on the front bench when lengthy, savage critisism of the communication skills of the Synairgen team was (rightly IMO) being dished out by multiple long-suffering shareholders. Also, despite Simon Shaw's oh-so-reassuring "we'll take your concerns on board and discuss ways of improving things", we've had next to sod-all communication since. Therefore I wouldn't be overly surprised if there's no F2F this year...or if the venue just happens to be a camouflaged shed perched on the summit of Mount Everest, with access only granted if you bring your great-grandad with you. I have heard of similar - if less elaborate - shenanigans with other stocks and have unfortunately invested in stocks where LTHs have really been treated like dirt (COPL, to save people searching). I really do hope that Synairgen are better than that and who knows, the "silent treatment" could well be due a blockbuster deal in the final stages, but it really is difficult to say with so little news to go on.
ATB
Yes - we should be getting FY Results for 2023 in the next few days, which should be an insightful read...
Also, an announcement of the AGM and whether this will be a closed-door event or in-person meeting should be announced in the next few weeks if previous years are anything to go by.
Ojay, yes, the latest Progressive Research note states 23.6p as their latest RENAV estimation, so predictions of 10-bags may not actually be wildly off but, as you say, it's the time it takes to get there. Even with the LP signed and Heron on stream relatively soon after, I just can't see it rocketing up to 15, 20p just like that...I think it would be lot slower climb. My "pragmatism" or "cautiousness" driving my judgement perhaps, but as always I'd love to be proven wrong.
Either way, lets just get this bleeeding LP signed before we start dreaming...
Yes, no need for any more predictions. Hamm confirmed a few weeks ago that we would be seeing a 10-bagger here.
"Enjoy the rise guys.
10 bagger no doubt = LP/H production"
I can't wait!!! Only a few days to go, as confirmed by WOS today!!!
...and from the RNS of 19th December 2023 (just over 6 months ago):
"Significant progress has been made with the Matad District authorities with one outstanding issue at the Provincial level still to complete."
"The mechanics of the transfer have taken some time for the Government to determine but we are pushing and expect this to go through soon".
"On the land issue, we feel that we are almost there, but we will keep pushing until the process is complete"
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Soon!!! Almost there!!! Significant Progress!!!
I'm not holding my breath for June, but we'll see. Hopefully in another 6 months time we'll be able to pause from counting our MATAD-fuelled riches, pinch ourselves and say "I can't quite believe it, but by golly-gosh Mr Buck did it in the end!!"
Ojay - search for a poster called WiseOwlSpeak. He has about 5000 posts of rose-tinted optimism, which will help you to balance out all of the pessimism which is getting on your nerves. HTH.
Roxy2020 - That is from the PM-commissioned Progressive Equity Research note dated 2nd May 2024, following the company RNS of 25th April. Their RENAV of 23.6p is interesting...
They've achieved giving a bit of balance to the constant stream of overly-positive baseless drivel from many on here. Yes, this may not make a substantive difference to theirs or others' investments, but I see it as healthier than just getting one "rose-tinted" point of view. Maybe pessimistic is the wrong word and pragmatic would suit better?
Actually, it's been the pessimistic ones who've been absolutely spot on with this share... That's the bit that irks a lot of the people on here, who think that "head in the clouds" positivity and wishful thinking is enough to make their millions.