I just wanted to add a couple of thoughts following on from the failed Ramsdens investment thread and Richard's post about "Club future".
Firstly, the next 4/5 months prospects:
- q4 2020 Pure Gold Mining first pour
- q1 2021 Pure Gold Mining drill holes update
- q1 2021 Growing impact of Covid-19 vaccine rollout nationwide
- BREXIT transition fallout
All the above *should* have significant impact on all three of our company holdings, with the latter pretty irrelevant to PGM and probably less so to Ramsdens.
Secondly, what could this mean?
Well all being good I am hoping the value of our holdings will grow considerably. This might be fanciful thinking of course but looking at the current prices and the impact all three of those above points could have I am thinking it is not that far fetched an idea. I'm talking about Bakkavor recovering to >100p, Ramsdens surpasing our original purchase price and Pure Gold rising on the back of solid results from going into production and greater potential building through confidence building drillhole mapping. If all these go favourably then we could see quite an impact.
What if it does?
It would obviously be incredibly great news. That aside, it would allow us to consider our options for the club. This would mean who wants out, who wants to commit to stay, what needs to be sold to cover exiting member unit payments, relooking at the rules and constitution, consider club roles, assessing what a future strategy should be and once the club's finances are clear how to implement it. This should mean thinking about how everything works now and how we would like it to be. This is of course if we still think having the club is worthwhile in the first place with however many members would be left.
I would personally much prefer all current members to stay members until end June 2021, greatly so in the case of the bigger holding members. That gives us the first half of 2021 to see what happens to our shares in the fallout from Covid and the end of the transition period. We should then be in a position to have discussions and make decisions. I do think it would be awefully unfortunate to shoot ourselves in the leg by having to sell any of our current holdings, unless the timing is right, so anyone can leave before then.
That's all I can commit to having as input for the moment, until the new year, but I think it would be really good to start discussing things now so please do get involved by posting your thoughts, wishes, ideas and so forth