Morning. £1.1bln contracts - dream on - I wish! I think its probably dollars not pounds and also is tenders not contracts but nice thinking lol I thinking maintaining the dividend is good enough considering the forecast profits and will be spoiling us. Not going to build expectations beyond that.
I did not have much time yesterday to post much.Having looked at their last rns and at market cap of £36m made me smile.Just 10% of a payment from Hindustan Zinc will be probably bigger than the whole of this cap.How grossly undervalued the Company is atm.Now another Contract with major players in World mining is won and soon we shall know more details about it.The dividend is covered up to three times hence secure for the whole year and I belive the final will be increased to above 5p/share.According to some brokers there are less than a dozen such Companies in the World with the expertise of really deep shafts laying.This is why they are confident to have a £1.1bn of contracts under their belt.I shall invest more when sar delivers my profits.Stach.
Shaft Sinkers Holdings an international shaft sinking and underground construction group, has been selected by Randgold Resources to initiate mobilisation activities for the Kibali gold mine in the Democratic Republic of the Congo.
Kibali is a joint venture between mine operator, Randgold Resources (45%), AngloGold Ashanti (45%) and Congolese parastatal, Sokimo (10%). The project is situated near Doko, in the north eastern Orientale province.
The initial phase, which will begin immediately, is the start of shaft sinking activities and equipping the main underground shaft.
The vertical shaft contract remains subject to negotiation, but talks are advanced with both parties working to reach a final agreement as soon as is reasonably practicable, Shaft said.
We had a good rise today, let's hope it holds and the momentum continues. The fundementals are solid with this share. Jus have to be patient, cause this should be trading past £1 reflecting the £1 billion tender line of contracts .
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.