Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
I learnt the hard way with RBS during the last recession, bought at 25p after the Lehman brothers crisis etc, learnt that when the share price went to £2.36 but I only had 10% of my shares I hadn’t done that well! Prefer AIM listed junior minors and exploration companies to FTSE banks any day of the week!
I think your maths is off a bit, not wishing to be rude and I get the sentiment but essentially what you are saying is 100,000 shares at 7.2p is £7,200, 1000 shares at 70p is £700, if they trade at £1.25 a share then that’s £1,250.
Very good point well made Dore. Unfortunately that is the problem with the stock market isn’t it, limited control over your finances or the way that a company is proceeding. One positive to take through is that there hasn’t been a massive drop in share price leaving you with huge paper losses to either realise or to sit and wait for the company to recover. Fortunately the action the company has taken appears to be positive, new NOMAD, new NED with M&A experience and we are still listed so on the balance of it I would say that the investors will be happy, balance of probability although I could be wrong. Time will tell.
I read an interesting post last night about the amount of money paid to the PPP brigade, I think it was on the NCYT board. Interesting really about tactics to get people engaged by saying something controversial driving comment back and forth.
There are some strange point(less) comments today from ONE or two point(less) people - mentioning no names. Probably best not to engage.
Last RNS was clear; we are into big things, we won’t delist, I doubt we even need an extension, we just need our new, well connected, Mergers and Acquisitions Non Exec Director to get the due diligence and legal side done.
Don’t give them any energy in the meantime is probably advisable.
Hi John,
30p per share would value the entire company at circa £900 million. There is £20 billion or so of assets in the ground for MT alone (we own 80%) based on valuations provided by others. Steal of the century for the buyer on that rationale. I share your sentiment in that an increase to 30p from 7.2p is an incredible upside from where we are now however I still don’t think it’s a fair value.
Regardless it doesn’t matter what I think so I’m interested to see where this ends up.