The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Think that comment about gambling was a bit harsh. It's easy to say in hindsight and lots of people have lost a LOT of money. The de-listing was a bolt out of the blue - nobody saw it coming.
From the video they seemed to have plenty of ore waiting to be processed. I might be wrong but even if they get newer drilling equipment, the plant is always going to be a bottleneck. They might have based their calculations on what the plant can handle.
This is a difficult one to call at the moment. They certainly are doing wonders in the communication side of things. We could have the dewatering permit any time and then there's the whole Greenland split off - what will that do for the share price? Lots going on so plenty of news for the not too distant future.
Hi steward1 - yes well aware of PREM's history and have held shares for many years. I've said in the past it's worth a punt here but I wouldn't advise anyone to put their life savings in. I'm looking at a longer term hold but that's just me. Despite the failure to deliver on many occasions I think GR has also had a bit of bad luck and things are very challenging in Zimbabwe. If he can pull this off, then the potential is amazing.
Well didn't think it was going to happen anyway. Probably a good thing as everyone would be trying to offload their shares at once.
Acker - to be honest I don't really see GR getting this all the way to mine stage without some kind of JV or at all (selling assets). At the moment by doing DFS alone he is potentially adding value for shareholders down the line. He is in a much better position to proceed in future based on the information he will get over the next 14 months. A JV at this point might have been good for the share price currently but overall a massive loss of value over time.
We have very little information at the moment about this split off. Hopefully the Q&A will make things clearer. It takes a while to do an IPO so it may be 3-6 months down the line and
we might have more news about Greenland by the time it happens.
Just let GF get on with the DFS. The DFS will not be complete by Sept/Oct anyway because it was always a 14 month project. It will get started eventually once the hurdles are out the way and we'll get updates along the way. You never know news might also come in about one other other assets.