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@ lerrab - no point TOR would only resurrect himself again, as he's done annually for the last few years. It's the ascension I'm waiting for.
I have to say that I find the share price / market reaction a little perplexing. Market cap right now is c. £13m or c. 60p a share. However, a crude Sum of the Parts analysis suggests meaningful upside. Firstly there is net cash of $7.7m. Based on current FX / Shares outstanding that's roughly 28.5p a share. Secondly there is THAL's 23.3% odd stake in LSR, which based on its current market cap is worth £6m or roughly 27.5p per share. Even if you write off the investment in mining to zero that implies value of roughly 56p per share. And that's BEFORE you factor in the operating business which generated $4m last year. Even using a very low multiple of 3x would imply at least another 40p on top. So all in THAL should be worth at least 100p. Now I appreciate the various issues that the market may have with this stock not least the rather eccentric management style and cyclical / bombed out core sector. I for one am hanging on here. There is interesting value upside in the mid-term...
We are in a better position this year as we had to bail the company out last year and now we have 10times the amount of shares
QFI should now put Maersk to the side out go out and try to obtain commercial deals with all their marine competitors.
Dont' forget April 19 th. !!!!!!. Believe we Will See either T5 or Mfdev sign a Deal with PVR for Helvik or Barryroe or both. Would not be surprised to See a reverse takeover of LOGP.
Oil has been ticking up lately - I wish we had some!
This is from an e-mail reply I received from them when I enquired re. delisting: "The proposed de-listing is still subject to a shareholders vote, after which your shares may be transferred to the Johannesburg Stock Exchange (JSE). The relevant information will be set out in a circular to shareholders in due course. This will include detailed steps of the processes involved and the options at your disposal."
Which way will she blow today? Further into the darkness or up towards the faint glimmer of daylight and a Druid