What’s your big gamble? (Volume 4)
Discussion
egomeister said:
dingg said:
anotherbigspender said:
Aiminghigh123 said:
SYME f
ked
Anyone want to translate the SYME RNS for us plebs?kedNot good and will weigh constantly on the sp
dingg said:
egomeister said:
dingg said:
anotherbigspender said:
Aiminghigh123 said:
SYME fked
Anyone want to translate the SYME RNS for us plebs?kedNot good and will weigh constantly on the sp
The worst thing is probably that the deal is structured like this anyway, with funding where the loan will be converted and equity is likely to be dumped onto the market rather than them finding someone to issue shares to as a long term holder.
With this in place now, there is no excuse not to get the acquisition finalised and the overdue accounts published...
egomeister said:
dingg said:
egomeister said:
dingg said:
anotherbigspender said:
Aiminghigh123 said:
SYME fked
Anyone want to translate the SYME RNS for us plebs?kedNot good and will weigh constantly on the sp
The worst thing is probably that the deal is structured like this anyway, with funding where the loan will be converted and equity is likely to be dumped onto the market rather than them finding someone to issue shares to as a long term holder.
With this in place now, there is no excuse not to get the acquisition finalised and the overdue accounts published...
Good news: TF acquisition can go ahead and I do think Syme plus tf is a case of 1+1=3
Bad news: would have preferred a reputable II to have come on board to fund tf like they said. Too many things Syme say don’t happen. Having run a few start ups myself I know the plan evolves so I’d prefer they keep their traps shut a bit til stuff happens rather than raise false promises.
I was enjoying Syme which is my only/main gamble, today has taken the fun out of them.
The whole thing depends on doing the first IM, until then all news and accounts is a side show.
Adam. said:
Insurancejon said:
Anyone not losing patience with EUA?
FTFYI have faith but f me it’s trying my patience. Every day I wonder am I a mug?
Trouble is everything in the mining world seems to decades to realise and I’m starting to think I’m too old to wait for it all to pan out. It’s more a timescale issue than a gamble to me now.
I’m hoping for decent special divvy in the next 6 months then a decent annual divvy from 5 years from now. So many permutations though of what could happens it’s anyone’s guess.
The biggest risk for me is that it’s in Russia. What happens if putin dies tomorrow etc? I’d prefer Canada, Australia etc.
Biggest issue for me is I set myself a false expectation on when it would go pop. I’m now trying to be more realistic and just think end of 2020. In reality I need it to go pop in 3 years time so need to reset my expectations and then I’ll feel more relaxed about the whole thing.
Gla
MikeStroud said:
I’m oscillating between it been bad and good news:
Good news: TF acquisition can go ahead and I do think Syme plus tf is a case of 1+1=3
Bad news: would have preferred a reputable II to have come on board to fund tf like they said. Too many things Syme say don’t happen. Having run a few start ups myself I know the plan evolves so I’d prefer they keep their traps shut a bit til stuff happens rather than raise false promises.
I was enjoying Syme which is my only/main gamble, today has taken the fun out of them.
The whole thing depends on doing the first IM, until then all news and accounts is a side show.
It's good news in that they shouldn't imminently run out of money!Good news: TF acquisition can go ahead and I do think Syme plus tf is a case of 1+1=3
Bad news: would have preferred a reputable II to have come on board to fund tf like they said. Too many things Syme say don’t happen. Having run a few start ups myself I know the plan evolves so I’d prefer they keep their traps shut a bit til stuff happens rather than raise false promises.
I was enjoying Syme which is my only/main gamble, today has taken the fun out of them.
The whole thing depends on doing the first IM, until then all news and accounts is a side show.
I'm not sure about your maths, especially as the "1's" are based on what SYME say and that hasn't proven to be at all reliable so far. Given how misleading they have been so far, I don't see why everything should suddenly be fine if they get some IM done.
MikeStroud said:
I do a lot of reading on eua and the resources they have seen genuine and if they got on and mined them themselves they’d pay a good divvy for a long time to come. Various papers written by various organisations suggest the resources are there; they can’t, I hope, all be wrong.
Trouble is everything in the mining world seems to decades to realise and I’m starting to think I’m too old to wait for it all to pan out. It’s more a timescale issue than a gamble to me now.
I’m hoping for decent special divvy in the next 6 months then a decent annual divvy from 5 years from now. So many permutations though of what could happens it’s anyone’s guess.
The biggest risk for me is that it’s in Russia. What happens if putin dies tomorrow etc? I’d prefer Canada, Australia etc.
Biggest issue for me is I set myself a false expectation on when it would go pop. I’m now trying to be more realistic and just think end of 2020. In reality I need it to go pop in 3 years time so need to reset my expectations and then I’ll feel more relaxed about the whole thing.
Gla
Good summaryTrouble is everything in the mining world seems to decades to realise and I’m starting to think I’m too old to wait for it all to pan out. It’s more a timescale issue than a gamble to me now.
I’m hoping for decent special divvy in the next 6 months then a decent annual divvy from 5 years from now. So many permutations though of what could happens it’s anyone’s guess.
The biggest risk for me is that it’s in Russia. What happens if putin dies tomorrow etc? I’d prefer Canada, Australia etc.
Biggest issue for me is I set myself a false expectation on when it would go pop. I’m now trying to be more realistic and just think end of 2020. In reality I need it to go pop in 3 years time so need to reset my expectations and then I’ll feel more relaxed about the whole thing.
Gla
Also the BOD are decent and have tended to deliver what they say, even if it takes longer.
I learned about CLN's the hard way through Hemo. Look at the share price drop from August 2020 up until last month. The BOD paid off the CLN through a placing due to the damage caused by only loaning around £6 million of the original £12 mil.
The placing threw 400 million shares on the market but it was the best thing that could of happened. The company has now started to recover
Problem about CLNS's is that any rise in SP then gets dumped on by the loan facility converting loan notes. Ive also read that some loan facility's short the stock aswell to further profit on the drop in SP. I have not read the actual detail of the loan from SYME or the caveats involved but i will never invest in a company that goes down this road of financing.
Obviously all my opinion from a bad experience
The placing threw 400 million shares on the market but it was the best thing that could of happened. The company has now started to recover
Problem about CLNS's is that any rise in SP then gets dumped on by the loan facility converting loan notes. Ive also read that some loan facility's short the stock aswell to further profit on the drop in SP. I have not read the actual detail of the loan from SYME or the caveats involved but i will never invest in a company that goes down this road of financing.
Obviously all my opinion from a bad experience
marked1 said:
I learned about CLN's the hard way through Hemo. Look at the share price drop from August 2020 up until last month. The BOD paid off the CLN through a placing due to the damage caused by only loaning around £6 million of the original £12 mil.
The placing threw 400 million shares on the market but it was the best thing that could of happened. The company has now started to recover
Problem about CLNS's is that any rise in SP then gets dumped on by the loan facility converting loan notes. Ive also read that some loan facility's short the stock aswell to further profit on the drop in SP. I have not read the actual detail of the loan from SYME or the caveats involved but i will never invest in a company that goes down this road of financing.
Obviously all my opinion from a bad experience
I'm not close to options for Sharia compliant financing so I may be clutching at straws to talk myself into not selling, but CLNs providing no interest is charged is a way for them to raise money and keep halal. I'm very nervy over this development though as it's been poor RNS after another with lots of missed, self imposed deadlines with this the icing on the cake.The placing threw 400 million shares on the market but it was the best thing that could of happened. The company has now started to recover
Problem about CLNS's is that any rise in SP then gets dumped on by the loan facility converting loan notes. Ive also read that some loan facility's short the stock aswell to further profit on the drop in SP. I have not read the actual detail of the loan from SYME or the caveats involved but i will never invest in a company that goes down this road of financing.
Obviously all my opinion from a bad experience
Bloxxcreative said:
I'm not close to options for Sharia compliant financing so I may be clutching at straws to talk myself into not selling, but CLNs providing no interest is charged is a way for them to raise money and keep halal. I'm very nervy over this development though as it's been poor RNS after another with lots of missed, self imposed deadlines with this the icing on the cake.
I don't think Sharia would apply to how SYME is financed, just the product that they offer to customers?Gassing Station | Finance | Top of Page | What's New | My Stuff