The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Many buys there, but price doesn't move,. It makes me feel not good. Perhaps still someone selling in the background. Sometimes company reassure the market but in background is doing something else. Who knows.
What kind of permit they need.
A drilling permkt or a mining permit.
Thx
Share price has increased artificially.
It was sub 1p, it is now 1.4p, without any news
Very hard decision. Either history repeat itself (1.7p last December) or either not.
Be very careful. Because the price is too high.
The debt has gone from 960m to over 1bn
They have failed in drilling
Cash is redecused
IMHO this can easy drop to 10p or lower of the BoD doesn't address these issues.
We should be realistic about nog.
Share price before spudding was 13p, after spudding went to 5p....
Debt has risen to over $1bn
IMHO a share price round 10p is more realistic until they clear some issues
Debt has risen from 960m to over 1b,
The cash in recent rns has gone lower and lower. Maybe they are paying have wages or has gone for drilling, IMHO they have not been 100%transparent.
As for shorts, no body knows and don't care who sell or buy, IMHO they fundamentals decide whether to get in or out.
For me the risk is a bit higher, because they don't have a plan what will do with debt, will it be a massive placing how they will increase production when we just had a failure.
Perhaps I was wrong in short term, but I think tomorrow could be different day
Many issues need to be addressed
1. Rasing debt
2. Less cash
3. How any future drilling campaign will be funded
4. Will it be a placing in the near future
IMHO sp will stay sub 10p perhaps 7p until they comes out with a clear plan.
Monday predictions
Fall again to 5p or stay round 8, or 9p
I think DFS study will come and go. And after that, juts like in many cases in AIM, share price will fall. Looks like the DFS in a high percentage is priced in, because so was at 1p (a bit lower). After DFS people will talk, results not good, grade not good, it will need money, a placing will come and so on.
Definitely the placings have destroyed many companies SP because they have been no transparent. They money raised and used without any criteria.
I think a fair value prior to DFS would had been 1.5p, just my opinion.
I wish to those invested good luck and I hope ACP not to have any licences problem, like some others AIM Co
I doubt it
Excellent day for all investors. May long last.