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No stopping GON !

I was hoping it would pull back to allow me to buy more, still waiting

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Absolute carnage on XEL! Just topped up at 183p.

Stupid pi's not understanding what a reserve report is (i.e. derisking the investment), and that the RR in question was for one particular part of the field and not the entire field itself.

Absolute madness. At these prices, XEL will be taken over in a week! Expecting bounce back to 265p by end of day.
 
EE

I spoke with Moon 2 weeks ago and it was the same old ****, unfortunately, i.e. watch this space, price sensitive information, confidentiality agreements, etc.

Great product, useless management team - like so many AIM companies.

I still believe we'll see the first commercial deal this year but there is question mark around how important the EFSA approval will be in the future, given the powerful lobby behind the Danones of this world...
 
Sheba (PLUS : SHE) get a snippet of coverage from Tom Bulford in his Penny Sleuth weekly free email

shebarhps.jpg
 
GON

looks like decent news today

my strategy was to try to wait to top up as it needed a rest after a 50-75% spike but if they come out with more decent news it does seem chartwise that it could 'gap up' to 6p then 8p in short order

will see if i can top up a bit at less than 4.5p early doors today

§ Croco - New Product Order

Galleon Holdings plc (AIM: GON), an AIM listed entertainment media company, is delighted to announce that its Product IP Division, Croco Worldwide ('Croco'), has received an order for a new product from global consumables manufacturer PepsiCo, which has an anticipated overall value of USD$1.3m. The new product, which cannot be named for competitive reasons, shows Croco's ability to provide innovative products to its customers to drive promotions in key markets.
 
Some textbook action in GON today.

Decent RNS with an order with value up to $1.3m for a company with a market cap of about £6m is pretty good news.

And that in a part of the business which actually seems quite peripheral to the main focus of the company.

However there is clearly defined resistance at 3.75-4.25p range and given the stock is up 50-100% in space of a few weeks always likely that it would have to consolidate here before the next move.

It also looked from the brevity of the statement of the company that they were quite matter of fact about it, there may be more news in the pipeline.

Bought two more lots of GON today. Now a 4-5% position which is a bit high for such a high risk punt but I'm pretty confident that around 8p looks right on fundamentals and chart perspective in relatively short order. If they execute on the MMORPG business then some serious bagger potential.
 
SER - Another one from my watchlist shoots up 200% and I am left watching .... :)
 
Mentioned SUMM before, this exchange from another place is interesting...

They had an RNS today suggesting Wellcome Trust funding next stage of R&D for one of their C.Diff products

freedosh - 12 May'11 - 16:01 - 799 of 811


Hyper, I don't recall if you mentioned SUMM to me before but I went through their website today. I am staggered at the value here. They have multiple targets with a very good odds, IMO. You may not be aware that I retired a few weeks ago as VP of a $28B NASDAQ Bio/Pharma Co. This is my business and these folk look very good to me. All early but should be able to move into the clinic on several fronts over the next year or two. I would love to see them develop some of the candidates rather than partnering but that will need big funds. A shame they are already on AIM because I am sure I could convince some of my VC friends to pile in
Best
freedosh
PS I took a healthy stake today
 
SER - reckon it will be played about with next couple of trading days

I was gonna jump in at 30% rise for some quick in and out action...but left watching too.
 
It is great to be in on a SER or a SAR when they go ballistic and go up 500% in the space of about 48 hours but they usually do so after years of doing absolutely nothing in share price terms. So you require either lots of patience to wait around for the pay day or balls of steel to jump in on the day of an announcement when it is already up 30% odd on the open as MM's mark it up.

SER is a dangerous one as even though they have proclaimed the supposed value of their oil and gas interests the reality is that the reason it was so lowly valued for so long was that the existing investors knew that to actually realise the value would require a lot of capital expenditure that SER simply did not have the balance sheet to fund.

I have a few candidates where I have small punt type positions 1-3% which could have the potential to have SER/SAR type moves and having a small position in them keeps them on your radar so even if you miss the potential transformational news you can be a bit more relaxed about buying them when they get marked up 30%.

In bio's SUMM and VAL fit the bill as having had long sideways moves but potentially big commercial opportunities relative to their current market caps (£8m and £7m respectively).

In resources the likes of EUA fit the bill. Moribund flatliners for last few years despite the 'resources bubble' and have hardly budged outside of a certain range as they await transformational news. In case of EUA they have been waiting donkeys years for permitting from Russian Govt on their platinum mining licence.
 
Will communists losing out in Indian Bengal have any impact on GCM's luck in Bangladesh? I doubt it personally.
 
What happened to the mother of all financial collapses predicted for today (or yesterday) by Namak-Halaal? I was getting moderately excited.
 
I attended Proactive Investors forum Wednesday evening.

NMRP, SLG and VAL presented.

NMRP is National Milk Records.2.5m market cap earning 1m a year apparently. Illiquid but some excitement about China growth potential and some tech stuff 'silent herdsman'

SLG Sarantel GPS antennas. Never done anything but crash but now ARM and IMG guys on board and they might have found a market. placing coming.5m market cap but $40m invested in tech over years.

VAL main draw for me. CEO can hardly be understood but must be very clever Scandinavian egg head. Really looks like huge potential to me in epigenomics. Any serious deal with major in next year could bag multi millions and provide huge validation of tech platform. I like and will buy more but understand little and still just a small punt.
 
I attended the AGM of SUMM yesterday.

I don't understand biotechs so just have to go off other 'signals'.

Others who attended have done fuller reports e.g. on advfn.

I found that it was a very high level Board for such a small company.

They seem very confident in their 'seglin' platform technology.

Some commercial deals hoped for soon and these are needed to avoid hugely dilutive fundraising or bankruptcy next year.

It is hoped that one commercial deal on compound targetting Alzheimers could occur 'soon'. Some competitive tension in the process with 8 interested parties.

Commercial deal hoped for on compound targetting DMD which could match or better a previous deal with Biomarin.

They seem confident and seem to know what they are doing so whilst retaining it as a punt position (no more than 3% of portfolio) I shall look to buy more around 6p. I first mentioned this around the 3p level so despite 100% upside since then I'd be happy adding a bit here.

Any commercial deal could respresent a big double whammy of increasing confidence in their platform technology and reducing worry about fundraising. I would estimate if (big IF) things go right this stock could go up 3-5x within 12-18 months.
 
SUMM (Summit PLC was previously known as Vastox PLC). That company failed and the CEO left. The Chairman and leading scientist of the Vastox days remains on the Board of SUMM and was at the AGM although he cut a rather sorry figure and hardly spoke. In fact his car was parked next to mine. His being a fancy red new sports car (Jaguar or Aston Martin, leaning towards Jag).

However a previous deal from the Vastox days may be about to be resurrected. In 2008 Summit announced this deal

http://fool.uk-wire.com/Article.aspx?id=20080722070000H7453

"Under the terms of the licensing agreement, Summit will receive an upfront payment of $7 million in the form of an equity investment in Summit shares, future development and regulatory milestones totaling $51 million, tiered royalties rising to low teens, depending on sales and product sales milestones giving a total deal value of up to $143 million."

The main thing to come out of the AGM was that this deal could be resurrected as the initial compound taken forward was not the 'optimal' one and thus the Clinical trials failed pretty early. However SUMM have reformulated it and reckon it is viable again and so Biomarin or A.N.Other Pharma may come back.

The equity investment at the time by Biomarin was made at 69p giving SUMM a Market Cap of around £40m at that time.

Now the total company is only valued at approximately £10m with share price at 6p.
 
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PIA thanks once again for the information. Both Val and SUMM I personally don't understand whats going on and so will avoid although I have invested small amounts in PYC and SAR in the past.

Can anybody go to a company AGM?
 
Yes anyone can go to an AGM as long as you are a shareholder and you only technically have to own 1 share.

I sometimes go along to AGM's where I don't ownshares because most of the time they don't bother checking their register and asking you to show your share certificate or Letter of Representation (if your shares are held in a nominee account).

Good way of getting a free coffee and biscuit :-) :-P
 
supersix said:
anyone invested in VOG?
Click to expand...

I was, but sold on the day the license was issued.

Will look to get back in around Q4 before production starts.

Can easily see the SP going under 4p in the meantime.
 
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Some stocks have taken a shellacking recently whilst others seemed to have spurts and then go sideways so thought I'd take a look at a few charts and try to discern which way they could go next.

The main technical indicaters I tend to look at are MACD and 50 and 200 day Moving Averages. Frequently as well as the stocks own recent highs, lows which are clearly visible on the chart the MA's sometimes play a role acting as support or resistance.

I'll take a look at a few charts of stocks i'm interested in right now over 3 months and 3 year periods.
 
SUMM

Had a Golden Cross a month back which was an early indication of potential further bullish moves. The MACD looks stretched but is positive and rising and with 'fundamental' news expected and a Broker report with an aggressive 30p target out there it could have some momentum. The 3 year chart shows it used to be valued very highly and the company certainly seems to have been off the radar recently so simply more interest could see a rapid rise. The 'gap downs' between 50p and 15p suggest there are few traders who built positions between those levels so there may be no 'memory' of share prices in those ranges which would mean little resistance on the way back up... you'd hope. However worth bearing in mind that after the gap downs there was heavy stock issuance in the pennies so really those previous figures need to be rebased somewhat as traders/investors stuck in the stock during the gap down process may have re-set their 'break-even' levels at different points based on whether they averaged down or not.

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VAL

Golden Cross a few months back. Any traders who bought the 2p spike and then got mullered by the 0.6p placing should have had time to have exited by now. The stock is back above the 50 and 200 day MA's and the MACD is in positive territory and rising. Again as with SUMM plenty of newsflow is due and the longer term chart shows a pretty nice smooth bowl formation which would suggest a strong base for any further upside moves.

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GON

Chinese internet and Internet IPOs generally have been very hot recently with ridiculous valuations being attached to such businesses. Although the valuations may seem unreal they do provide a currency which large firms can use to further establish their position. If you have stock valued 50x revenue you can easily take over a rival trading on 5x revenue. Thus M&A may become quite intense as the Chinese internet opportunity land grab takes place.

GON have some disasterous businesses which caused share price to collapse from 30p to 3p but they have also been developing/reversed in an interesting Chinese online gaming play. MMORPG (massively multiplayer online role playing games) are seen as a hot business model , add Chinese angle to it and it becomes double hot. GON have kept pretty quiet about this business division but the total company is only valued at £4m odd but that division alone could do that much in revenue according to some bulls and then attach any revenue multiple and you have huge bagger potential.

The Management are as untrustworthy as they come and I'm pretty sure Corporate Governance isn't top of their list of priorities but the chart looks interesting as after a decent move the share price stopped right below the 50 day MA. There is plenty of gap up potential above 4p/50 day MA so I expect the next news if it is good could see a serious re-rating. Any positive mention of their Chinese onling gaming division in light of Renren and Linkedin IPOs would one would think see the stock do very well in short order.

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PIA what is your thoughts on TLDH tipped by RHPS in the issue before last. Seems to have a lot of strong buys coming in and the share price is up at around 10p.

I think the date of the planned meeting to discuss domain names is sometime mid June so may increase rapidly up to that point. He'd set a target of 50p if I remember correctly.
 
TLDH RHPS might be onto something but I'm uncertain of the actual commercial value of all these new domains. Will keep an eye on it though as Internet IPOs are back in a big way after LinkedIn IPO and run up to Facebook / Twitter IPOs next year. It will be in interest of Private Equity and Investment Banks to create imrpession of a second dot.com bubble as they try to get their inventory away.
 
i like the technical set up with TLDH

Golden Cross a few months back and break through 50 and 200 day MA's and break of the medium term downtrend

Might have a bit next week

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supersix said:
looking to buy some not sure which one either buy in AST or just top up in ATC?
Click to expand...

I had some ATC few weeks before they done the dilution.... Lot more upside still there. Not looked into AST much. I think Jaspa's your best bet.
 
Eagle_Eye said:
I had some ATC few weeks before they done the dilution.... Lot more upside still there. Not looked into AST much. I think Jaspa's your best bet.
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Thanks, yeah think i will top up in ATC, expecting news any day plenty of cash, brought new machinery etc...
 
AST have excellent assets but the investor relation is pap.

The CEO, Jeremy Eng, manages to continually shoot himself in the foot, especially when the stock is so reliant on PIs.

The SP was 10p 18 months ago, but Eng decided to issue shares at 5p. The SP then fell to 3p, before some good drill results took it back up to 10p. What did he then do? Another issue at 5p. Complete amateur, unfortunately for PIs. I would steer clear at the moment, unless you have some patience (NAV is 12p+).


Commodities are taking a big hit at the moment. But the sector performance is a mirror of last year. I am expecting the doom and gloom to continue for the next couple of months (traditionally quiet periods), before an upwards assault in Aug/Sept.
 
jaspa888 said:
AST have excellent assets but the investor relation is pap.

The CEO, Jeremy Eng, manages to continually shoot himself in the foot, especially when the stock is so reliant on PIs.

The SP was 10p 18 months ago, but Eng decided to issue shares at 5p. The SP then fell to 3p, before some good drill results took it back up to 10p. What did he then do? Another issue at 5p. Complete amateur, unfortunately for PIs. I would steer clear at the moment, unless you have some patience (NAV is 12p+).


Commodities are taking a big hit at the moment. But the sector performance is a mirror of last year. I am expecting the doom and gloom to continue for the next couple of months (traditionally quiet periods), before an upwards assault in Aug/Sept.
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u still in? im just waiting to see if it drops any lower..
 
PXS needs some decent news soon or thats going to drop even lower, sick of topping up there, when ever i top up it drops even lower just going to sit back and wait now got a average of 4p.
 
supersix said:
PXS needs some decent news soon or thats going to drop even lower, sick of topping up there, when ever i top up it drops even lower just going to sit back and wait now got a average of 4p.
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supersix said:
just got into AST 3.62 dont think it will drop much much lower then that...
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Both good buys IMO, probably at the base level.

PXS has major ii investment at 2.5-3p, and AST at 5p. That should ensure that you wont lose much at present prices (unless either companies runs out of cash).
 
LKI RNS today

Vitaliy Skotsyk, Landkom Chief Executive, commented:

"Over the last 18 months we have repositioned the business, improved cost efficiency and rebalanced the mix of crops to make the business model more sustainable.

"This successful spring planting campaign is a clear demonstration that we were well prepared in terms of both machinery and soil cultivation. This has meant that we were able to plant 70% of our land bank and increased the total land cultivated by 80% since 2009. With continued higher commodity prices, we look forward with increasing confidence this year."
 
Checking back on analyst reports they expect to have planted 48k hectares so achieving 52k hectares is beating expectations by a useful percentage and given the operational gearing hopefully the profit upside could be significant.
 
LKI

Had closer look at the research reports and assumptions from Liberum Capital and Edison.

Run some broad brush assumptions and taken them through the P&L to try to guess at what EPS outcome for 2011 could be. Most analysts expect reversion in crop prices for 2012 so I reckon given the difficulty of forecasting commodity pricing/harvest etc it won't get a high PER so mid single digits would be maximum one would expect. (6-7x PE would suggest share price potentially of 13-15p based on my guesstimations).

Liberum note :-

http://www.landkom.net/images/File/Liberum Note 23 March 2011.pdf

Edison note :-

http://www.landkom.net/images/File/Liberum Note 23 March 2011.pdf

Key assumptions :-

Hectares
Liberum : planted 46.8k
Edison : planted 48k
Actual : planted 52k

Rapeseed Prices
Liberum : $530/MT (compared with spot of $640/MT)
Edison : $500/MT
Actual : some sales at $600/MT

Forecasts :-

Revenue
Liberum : $50m
Edison : $46.1m
Possible : (10% upside from Land planted 10% upside from prices = $48m x 1.1 x 1.1 = $58m)

EBITDA
Liberum : $17m
Edison : $15m
Possible : Assuming $32m of costs = $26m

EBIT
Liberum : $9.3m
Edison : $7.5m
Possible : Assuming $8m of D&A = $18m

PBT
Liberum : $7.7m
Edison : $6.8m
Possible : Assuming $1m of I = $17m

EPS
Liberum : 1.8p
Edison : 1.0p
Possible : EPS potential of 2.3p (using 435m shares in issue)
 
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SOU down to 3.85p, so will top up. Especially given that cash reserves are worth 2p alone.
 
Jaspa - You still in RRL? If so, Are you going to be tempted with RMP on the 23rd of June? I am undecided on whether I should move some RRL into RMP then. Bit risky as RMP is either boom or bust with Georgia and Puntland.
 
I am still in RRL, but it is in my ISA.

I am staying away from any new stocks at the moment until the present commodities carnage calms down. In fact, Ive even stopped looking at my portfolio on a daily basis at the moment.
 
There is a classic sentiment sign of a bottom. (I hope :-D )

Agree it may take until September for risk trade to come back but I like the fact that the short term spivs trading on margin are getting taken out allowing long term investors to pick up bargains.

Here is some good commentary from Tom Bulford of RHPS/Penny Sleuth today :-

China and India are still very hungry for metals

To get an insider’s view of the problem I headed down to London to meet Andrew Bell. This chairman and chief executive of Regency Mines (RGM) and Red Rock Resources (RRR) knows the sector better than most.

I started by suggesting to him that the recent pullback in mining stocks was nothing more than a knee jerk reaction to a perceived slowing of the Chinese economy. He agreed, pointing to the still high price of iron ore. This is the commodity most fundamental to China’s needs and its price is a good measure of how the economy is faring.

Demand for iron ore is not just a factor of the country’s growth rate, Bell explained. “Under Chairman Mao”, he said, “the Chinese had to live in their place of birth. Mainly that meant in the countryside. But now the process of urbanisation is under way. Every year over twenty million Chinese are quitting the countryside and heading for the city”.

In any case, he continued, India is ready to take up any slack. India’s ‘Hindu growth rate’ was traditionally about 3% per year, strangled by bureaucracy.

“You could not do anything without a permit”, said Andrew. But last year growth of the Indian economy surpassed that of China for the first time.

And here’s a figure for you: 45% of Indians still do not receive electricity. Since nobody has found a way of sending electricity wirelessly, this ensures a continuing demand for copper.

With 40% of the global population living in either China or India, the growth and urbanisation of these two countries will be the overriding factor for commodities for years to come.

A massive gold appetite meets a supply squeeze

Bell sees this growing demand as the key to the price of industrial metals. But for gold, other factors are at work.

On the supply side, South Africa produced over 900 tonnes of gold in the late 1970s. Today its production is below 300 tonnes per year. With world production of 2,450 tonnes last year, that leaves a huge gap.

Meanwhile, two other factors are driving demand. For the last two decades, central banks have been selling their gold reserves. Now though, the tide is turning. Mexico recently bought 100 tonnes of gold, and other countries may choose to diversify their reserves away from the dollar and follow suit.

To this we can add the appetite for gold from the nouveau riche. Demand for gold has always peaked during the Indian wedding season. This year, though, this demand was exceeded by Chinese gift-giving during Chinese New Year.

Commodities will keep rising in the long term

The long view is still surely positive for commodities. Supply simply cannot be cranked up fast enough to meet demand.

In the case of many commodities, oil for example, the obvious resources have already been exploited. A chart I spotted last week projected that output of the world’s operating zinc mines will fall from 12m tonnes to 8m tonnes by 2020, while demand is expected to soar from 12m tonnes to 16m tonnes. Even aggressive mine expansion is unlikely to close this gap.

To me, the current setback in mining stocks looks like a trader’s reaction to three factors. A slight slowing of Chinese growth; a generalised retreat from perceived risk consequent upon the travails of the Eurozone; and some heightening of political tensions between miners and host governments.

But as the chief executive of Zincox (ZOX) explained to me this week, if product prices stay anywhere close to today’s levels, most mining ventures are set to be very profitable indeed.

I agree with Andrew Bell. “If you take a short term view”, he says, “you are competing with everyone else. But if you take a long term view you are competing with far fewer people - and have a better chance of being right”. The long-term view surely favours the bulls.

Best of luck investing,

Until next time,

Tom Bulford
The Penny Sleuth
 
URU mentioned it here previously around mid April and it had a good run from 9p to 16p.

Now back at 10p with support from the 50 day MA line. The previous run was caused I believe by some big billionaire investors building a significant holding as can be shown by the volume pick up in the chart. News is imminent on a number of projects (Uranium in Niger ; Nickel in South Africa). No idea what the upside is but IF they deliver on their claims I suspect it will be trading at well over 20p by end of year. Chart suggests 20-40p to my mind.

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LKI Have been warming up to this. Don't have enough exposure to agricultural commodities and this looks a decent play with new management, improving yields, lots of unplanted acreage, rising crop prices, and valuation comparitors trading at 5-10x LKI

Chart suggests long term bottoming process and potential for the share price to move rapidly once it breaks out. First results on harvest are most likely potential catalyst.

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Last year the newsflow over summer was as follows :-


28 Jun 2010 Landkom Intl Plc (LKI) Forward Sales Agreements

20 Jul 2010 Landkom Intl Plc (LKI) Interim Results

16 Aug 2010 Landkom Intl Plc (LKI) Harvest Results
 
GON having built initial position keeping an eye on the potential for strong move out of the 50/200 day MA pincer movement which tends to have large outcome potential. Certainly looks to have 5-10x potential if they deliver. Chinese Internet Gaming IPO blah blah.

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GMA similar to GON, have built a small position and now waiting for chart and/or fundamental signal for some significant value changing movement.

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Generally Summer is 'Sell in May and go away" time as most normal companies go on holiday as key decision makers spend time watching cricket/tennis/enjoying the Sun so sales cycles tend to extend and thus risk increases so providing some fundamental reasoning behind the old adage.

The 4 companies mentioned above however have some stock specific news which might allow them to escape the general summer torpor.
 
Elsewhere :-

Some AGMs to watch out for in June (I hope to attend some).

FOGL , SRB, VAL.
 
In short flat on PPC and GMA. But still worth watching.

The major one that is down 6p to 5p LKI actually gained a lot more conviction in and want to add significantly more.

The ones that are up MOG bought in 8's and trading at 12's today. HVE bought at 15p and now 17p.
 
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HVE Havelock Europa :- Andrew Burgess principal at Carlyle Partners (Europe) has turned up as a big investor. Chart looks interesting. Potential for big turnaround. Company valued at £5m with £100m p.a. turnover. (albeit £20m of debt so the £5m Market Cap is actually Enterprise Value of £25m)

UPDATE : Bought a bit at 15p, quite strange that it is going almost vertical. Maybe the new shareholder is buying in prior to results ?

Updated UPDATE : chart looks to be breaking out now after initial decent move from 12p to 16p in short order. Results are still awaited.

PPC President Petroleum :- will fall on open Tuesday as RHPS have come out with sell. But worth keeping an eye on after two massive dusters because Peter Levene a big shareholder/CEO wants to use it as a vehicle for 'transformational' acquisitions. Not sure if it is a busted flush or not. He still retains some following after amazing price he achieved on selling his last venture Imperial ? He does like these grandiose names...

UPDATE : Bought some at 21.6p on the RHPS crowd sell down. They do still retain a decent chunk of cash almost equivalent to market cap so any upside optionality/transformational deals are in for 'free'. May at worst be dead money ? Fear is they do a dilutive placing to get more funds in place prior to any 'transformational' deal.

Updated UPDATE : Broker came out defending the stock with a 30p odd valuation. But any deal will probably require some dilution so just watching now.

GMA Gold Mines of Algeria :- Algeria is proving rubbish but some interesting stuff going on in background with 'Sahara Gold' taking 30% so I think could be some 'take-under' shenanigans there at some point

UPDATE : Not bought in yet. But only intend to buy a bit anyway as it could go bust within month.

Updated UPDATE : Have bought in now but just a 1% position. The threat of bankruptcy seems to have receded but not ruling out takeunder yet. Still one to watch as historically has had decent quick moves between 1.5 to 5p.

MOG Mediterranean Oil & Gas :- Massive dilution coming, stock will collapse on Tuesday and there will be lots of nasty recriminations going on for a while. However might get interesting at some point for new shareholders as the new management team look interesting. Plenty of East European experience especially Poland. Actually ex-founder of Aurelian is getting on board so deffo worth watching.

UPDATE : Bought a small amount on early morning dip in 8's so nice to see it rally to 10p intraday. However lots of placing stock at 6p due to come on market and hard to see real value at moment so will hold off buying more until new management make plans clearer. The Market Cap jumped from around £7m to £40m+ with the debt conversion.

Updated UPDATE : Good news on Malta today. As predicted RHPS did tip it. Still looks decent upside potential although the shareholders and non-shareholders selling out may act as dampener in short/medium term.

LKI Landkom :- Ukraine agriculture play. Soft commodities have had a run and these guys have been lowering operating costs/rightsizing business into that so could be interesting 'JAWS' on the EBITDA coming. Management just awarded themselves a stack of options, I presume harvest is looking good, AGM in a couple of weeks.

UPDATE : Bought some at 6p quite happy for it to retrace a bit because with management option grants at 6p i feel quite safe buying around that level for exposure to a decent soft commodities play with operational turnaround leverage. Will hopefully make it to AGM in a few weeks.

Updated UPDATE : Growing conviction. Very happy to add in low 5's. Some serious upside potential on earnings and asset valuation basis and adds soft commods diversification to my otherwise heavy metal weighted portfolio.
 
pia786 Just would like to say a big 'thank you' for your hard work and timely updates on here. It has been a great help keep up the great work.
 
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Lets see if he tips MST this time, or whether he waits a few more issues.

Pia786 - good end to the season but we should still sack MM
 
yup pretty poor stuff overall considering he spent £20m and then we hardly saw that £20m of talent

the fact we only got up for the 'glamour' games against likes of Man Utd is the real indictment of his management and we only stayed up cos there were three worse teams
 
MST - I think Bulford may wait another month or two on that now I guess but I still have my position from last month. He has stopped giving clues again so he knows we are onto him :-D
 
GON - very interesting RNS. Directors own just over 30%. They are turning it around.

Having spent £1m on marketing their Chinese online gaming they are achieving monthly revenues of £450k per month (£5m annual run-rate). (this is also after saying in February they were achieving £200k per month and looking to double revenue by year end). They are proposing to spend £2m so they could get to annual run rate of £10m ?

Chinese online gaming businesses can be valued at 10x sales.

That would imply potential for a £50-100m valuation ! GON is currently only valued at about £7m

The stock may react 'badly' today to the initial disappointment about higher investment and no profit this year but the long term underlying picture is looking awesome now.

I will watch how stock reacts today and look to pick some more up as there is big technical pressure with overhead resistance from 200 day MA at 4p but downside support from 50 day MA at about 2.8p
 
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