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18:00 GMT today- pretty much nailed in amount, anything else will cause wild swings- shame this always occurs when UK markets shut
Yep agree 100%- they all need to buy more shares and with what he has been saying for some time now on turn around etc timing would really help provide a much needed underlining demonstration of confidence
Martin Horgan needs now to put his money where his mouth is and buy CEY shares. - The fact that to-date he hasn't, sends out an extremely-negative message. - A meaningful investment in the company he manages would help in the restoration of confidence I feel. His reluctance to do so is tantamount to waving a red-flag. IMO
It was 106-110 due to the spike in gold nothing to do with spivs.
No - pretty much same dip as all PMs up until todays results
Agree, brought some more to average down. Good medium to long term hold.
GLA
I remember Horgan saying the dividend will be maintained through development needs. I hope there is more explanation of the lower dividend in the presentation.
Rebess.......I am now more sure that some City spivs knew these results were coming a week ago. Shares were 110 then !
short term, medium term? gives a divi, cash flow, no debt, making money. divi might now not be as good but gold price drives these shares and i'm confident within three years it will be higher. i'll wait three years for a 20% gain mi
Ive been in here about 10 years as well. Its been a rocky road. Im hoping for growth and good dividends as well. If you think about it, long term "investing" in shares should be about the dividends as otherwise it is buying/ selling/ trading and a bit like a pyramid scheme, someone gets in at the wrong time and loses out.
I cannot afford to put anymore money in here although i would have liked to this morning.
Im hoping the past and all the dodgy stuff that we have seen, although not at the time, is behind us. I think the next one is the one where Horgan starts to take reponsiblilty and not blame things on the past.
It is a pity that Egypt/ Erma have not been prepared to take a smaller share of the profits or at least defer them so money could be spent on exploration and development. Sorting out the whole Law 32 thing would be a sign that they are at least trying to do something positive.
In the mean time, Im sure things will carry on as normal here with people saying they sold near the top, called the bottom , got back in and top sliced.
Mr T If you are reading this, I hope you are soon in good enough fettle to return to the board and post.
Got to say after 10 plus years that would be a kick in the ball..... with very little to show apart from a few dividends and either a break even or a small profit for me.
That would of course mean some one has got paid well.. maybe new position. Like many I prefer a growth story and divi's to come for the future or a take over when the SP is £2-3 plus
MMmm great having some insight from so many people
Gold is Bullish back to 1pound
Again a pint of dividend costing a gallon of share-price. - A share-price that is firmly under control. - With planned lengthy time horizons before any meaningful recovery/stability, definitely being set-up for takeover in my opinion.
I keep dipping into the overdraft £5K at 90.5
You often seem to get the double whammy hit re projections.
Hopefully, from here on we can start to build Horgan and the team its probably all down to them from here on (the past failures have been highlighted).
Lets be honest of course I would like 9c 2022/23 but 5c and progression to another mine or expansion at Sukari. It has been a long 10 plus years
Are we Buying XD today?
Thx
"Not sure ?? dividend will be half this year’s payment."
What you meant to say is that the dividend will be no less the 5 c....it could of course be significantly more. I find it reassuring that the BoD are able to confidently predict a minimum.....there are a great many shares that cannot even guarantee that...
Surely, they've signalled only the "minimum" dividend for next year? Those who don't have much faith in the POG, can at least bank on this amount. Those who believe that the gold trend is up for the coming year might be hoping for more, when the mining and selling is done. I wouldnt be selling at today's sale price on treating a future variable, albeit guided probably lower, as a cast in stone.
oversold with an RSi of 40!! get real at least if you are intent on pumping ...
Can see this closing above 95....
The dividend cut is a major strategic mistake. If the directors are really confident in their projections saving $50m dollars a year is hardly here or there. The 10 per cent drop in the share price makes an opportunistic takeover more likely. Is that the objective?
Not sure ?? dividend will be half this year’s payment.
Think the 5 cents referenced to equal of this year amount.
Dividends are bi- annually and total 9 cents.
Glad I sold above 100, waiting for 80 to buy back in
I agree Tornado. If this rally becomes an over 500k oz low cost producer with long mine life will be great and should double. In meantime I am pleased that the divi will be near halved, although disappointed that hidden in obfuscating language, as we can no longer afford it with lower profits so let’s just get that last bit of expected bad news out of the way, but he should have done so sooner so next year could be maintained. I don’t think Horgan is as wonderful as Mr Tibbs thinks and just hope we get bought at a decent price before he punctures us further
re IG
That`s been the position for months.