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idg69 i now own 600,000.My other shares in UJO/ SXX/ AAU have all dropped in the last month so having a bad time at the moment.I think you will do well with RKH in the long term but its all about knowing when to get out. Good luck idg69 .
Breezy, Breezy, Breezy, You've been on those brave pills again haven't you? How many are you holding now? I pressed pause at 330,000. I spoke too soon on RKH, now dropped back from 26 to 21. Should have sold when I got back to break even and held the cash in the account for a week or two. Good luck my friend. idg69
Hi idg69 If the share price drops even more it will be my fault as i have had a little top up today. Still think jlp will come good in the very near future and hopefully it is going to make us rich men.
Well that almost confirms my thought here for a while - a placement is on the way to pay for drilling and a new area - we have possibly $18m in the bank but have £7m tied up in guarantees which is hardly enough to concider a new venture never mind a drill..This may well be the reason why ii's have been holding off taking a stance on Chariot - it would make sense they are usually well informed !!
What a pitiful end to 2017. 3.5p is pathetic. Apart from the minor spike in March 17 we've been flatlining for two and a half years.
Phoenix: Just checking the value of the company that the moment based on Friday's closing price. Just short of forty million euros. so phoenix right about the fact that there is no value reflected in the share price for Barryroe or Spanish Point. Also worth mentioning the team providence has, as mentioned in the Phoenix. Headed by geologist Sean O' Sullivan; two geophysicists - Keith Byrne and Fergal Murphy; and two further geologists - Myles Watson and Annemarie Smyth. They are backed up by operations manager Fergus Roe; in-house reservoir engineer Donal Meehan; and carographer Jukub Czarcinski. Providence boasts of its senior management team having over 175 years of relevant experience. Also worth mentioning that Druid and Drombeg is the 25th dud Providence and its predecessor, Atlantic, have brought in since the latter was originally set up back in 1981, a record that works out at one success in seven wildcats. So I suppose we are due another success, just on the numbers alone.
Re Doc7 : Hi Doc, long term QFI is probably as good as investment as any. I am a heavy long term holder and have no notion of selling now. Ignore the bickering and related comments on this board. If you are prepared to wait a couple of years QFI should give you a good return. Good luck with your investment.
That's the $64,000 question. My suspicions would be 1. unease / impatience over the timing of cash flow break even, and 2. Erroneous read across by investors from the recent travails of DOM UK to the LT attractiveness of the DOM model / brand. The market is by definition an impatient beast so an early stage, high upfront investment company, such as DPP, is always liable to be volatile / try the market's patience until such time as it achieves "sustainability" i.e. cash flow break even. For what its worth the only way I think one can approach the investment case here is on an ultra long term basis. Hence, ignore the day to day share price drift (annoying as it is) and just focus on the operating fundamentals. And here management appear to be delivering. Moreover, there is comfort from the recent performance of DP Eurasia. The Dominos model has worked across various socio-economic models and income levels i.e. in Turkey, Russia, US, UK, Australia. I have no doubt that we will get there in Poland too. The inflection when it comes (i.e. when market realises we are close to cash flow break even) will cause a rapid re-rating of the share price. One can take the view, as many impatient investors who are pressuring the share price, that one can just jump back in then and redeploy capital in the interim. Given the relative illiquidity of the share that won't be easy. I prefer to stay invested here and just ignore the day to day flux. The turn will come here. And perhaps as early as H2 18.
Wow. How to grab defeat from the jaws of victory. Of course I'm being unfair. Kudos to the owner for steering the company through a very difficult time and to a successful deal. However, as suspected the intention is not to return cash to shareholders but continue as an investment company. The LSR experience does not inspire faith that he has the midas touch. Market clearly concurs with the share marginally down on what should be a joyous day. Theoretical SOTP NAV according to today's RNS is 144p. I am not saying that the owner doesn't have some cunning re-investment plan up his sleeve. But I will happily watch this from the sidelines. I'm now happily out (below where it could be if mgmt were more shareholder friendly but that's life). I wish all remaining shareholders the best of luck!
This is certainly testing my patience at this level. Staggering to think we could finish the year lower than were we started. With the work the operational team have done, the Tjate mining licence and the revenue coming in from Hernic and DCM it's ridiculous to think the market cap is no different one year one. I blame Breezy for saying 7p by Christmas - can't think of what else it could be really! Ah ah!