About time really...then I can get back in!
I once had a significant holding
in Nyota based on the potential of the resources but followed the strict rules
about selling on rises (edited & falls) etc…Kefi
Minerals PLC Upgraded resource at Tulu Kapi the upgraded JORC at Tulu Kapi
is a positive.
So if all things remain equal and
Kefi have defined this resource in such a short timeframe, why are Nyota
holders (I think I still have 20K shares) employing the current management? Can someone
spot any positives in the current management or their abilities that would
warrant even 50% of their salaries? Admittedly I have been significantly short, but you really cannot blame me for that...
It looks like its best if to
contact CEY and a few other parties to create some change. If the management
think they’re worthy of their position or salary, perhaps shareholders should
hold them accountable. Either way, I shall be digging in the background…
Finally, a stock I got involved
in awhile back based on its cash and EBITDA figures (Pressure Technologies) means I can finally sell
out and walk away with a half decent profit …it’s been a long-time coming and
it’s only on the basis two other parties have sold Alan
Harding and John Brown, two of the Group's founding shareholders sold.
Having an average of near 215, it’s time to wave goodbye. I dare say it has
more to go, but for myself, a profit is a profit.
Atb Fraser
Fraser
ReplyDeleteYes- WLFE could be volatile over the next 2 days, as they unveil their cunning plan to pay off the bridge. They have said that the bridge holder and the second biggest holder will be taking part, so lets see how much is needed from Joe Public- I guess it wont be too much, but the share price movements could be tradable for some in the meantime :-))
Cheers. The Leggie
Fraser
ReplyDeleteGood day for you with WLFE no doubt- I did hear a figure of 21p from a couple of sources but these didn't get confirmed and if Mr Market is right, they are a bit high. Any thoughts from your end, as tomorrow is likely to be the RNS day? I did top up below 20p today, so I feel the main action is over now.
Cheers. The Leggie
Betting hes had a brilliant day/week leg-sort of environmentf loves with risk risk risk-my a/c shows wlfe shorts closed so f obviously thinksthe sp is about right-the rns wont be long- looks like f isnt shorting barc a 1st time 4 this month- cheers Ian
ReplyDeleteBrilliant work! Finally got a link to this. Fraser let me know an email address & will put you on our circulation list. There are a few T&C including restricted republication content but if you comment we would be happy to listen. Roger
ReplyDeleteIan - thanks- yes no doubt he is up to his ears in it today :-)) Money isn't everything Fraser- put that mouse down now :-))
ReplyDeleteBy the way Ive worked something out re that OXS CLN conversion last week- It not unique-Don't all fall off your chairs at the same time or we will have an earthquake- the original CLNs appear to have been owned by Tau Capital and their RNS on 7/3/14 showed that they had received $425k (£257,575 in my books) for them. They are in liquidation mode and Sturgeon are one of the parties "helping" them/themselves perhaps. Sturgeon then approached OXS and converted the $1m nominal (plus int due) into 7,062,760 shares. 12p was quoted as the capital conversion figure, but given what Sturgeon appear to have coughed up (£257,575) and the no of shares they got (7,062,760) then this works out at 3.6p per share. So Tau didn't get their $1m, but $425k and Sturgeon could have held these notes for the $1m (if OXS were successful) but they took a punt that they were worth more than 8.47p (3.6p times 1m divided by 425k). Good deal for Sturgeon and it makes you wonder if Tau really know what has transpired here- perhaps they thought 42.5p in the pound was better than the red and black deal we shareholders have here.
Hope this helps- red wine loosen up a few brain cells I thought had been lost :-))
Cheers. The Leggie
Leggie money is never everything, but I prefer to work where I pay myself my worth rather than 9-5 where it gets mundane. I work between 3-5 hrs a day at the moment, so its not a hardship at 40.
ReplyDeleteOxus's outcome is rather binary but with lessons learnt from Rurelec. Especially as there has not been one comment why they were advised to claim so much at the expense of obtaining their costs. As pointed out to me the other weekend, had Rurelec been more conservative they would have been guaranteed their costs. Rurelec have clearly put the matter behind them but the "delays" with Santiago are suggesting other things to me in terms of financing. For that reason, although I'm not short anymore, I may consider selling what I had left, perthaps its my inability to hold stock longer term.
Thanks for taking your socks off to inform us of Tau, you must have been counting along time Leggie.
Roger, if you are whom I think you are, I am already on your list, however if not, place a message and it will be withheld but I shall email you when Ian levers his behind from the pool. Willing to adhere to terms about republication etc…but this will not stop me having a contrary opinion :-) I wondered when the Sock IPO would appear!
Atb Fraser
Fraser
ReplyDeleteYes- Im retired at 50, and I have busy days and days in the sun too esp when the cricket restarts at Trent Bridge next month. Time flashes by on the busy days, so I don't begrudge you the days when opportunities arise :-))
RUR will be hoping Bolivia cough up soon, as they could indeed do with that money and it would complete the whole sordid tale for them. I think 8p is about right for now, but I did add the other day, my projections for the income from the power plants looking tempting after the 2/3 year build up cycle.
Tau socks back on now, but happy to add them to your IPO is it would help diversify your offering. These IPOs are at class A drug fuelled levels which is making my top slicing more important. "The End Is Nigh" sandwiches boards could be my IPO :-))
Cheers. The Leggie