Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
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It has to be ufg they hold 87 million there has only been approx 5 million traded since the drop from 90p so they wouldn't have had to sell much when would it it have to be declared if it was them?
Is the major seller in the background UFG or some other major shareholder? Does a major shareholder need funds and is therefore happy to sell around SP50? Would a major shareholder be better off for funds if a large special dividend was declared? Would TSG have enough development funds if a large special dividend was declared? I believe that all these factors are in play. I also believe the SP could jump back the moment the (assumed) major seller eased off or no longer needed liquid funds. Of course this all speculation on my part. The problem for private investors is that the actions of the major shareholders must inevitably have most influence over the share price.
All my other miners going up (HGM up 7%......) and this falls a further 3% on the prior collapse. Hmmmm - something is not right in the Kingdom of Siberia.....
Getting pulled down with many today for no specific reason regards tsg. The gold miners will be the winners in the long run imho when value is recognized.
halfpenny - I think the yield is about 5.3%
87m shares in issue, £44m mcap, $3m being valued at £2.31m is approx 2.66p per share
They are allowing 3 million $ for dividends which equates to 2.2p which is 4.4% yield at 50p a share and that without a special dividend if gold prices keep increasing I'm sure there will be one
2020 Guidance
Worst case 38Koz gold production ASIC of $1000 per oz
Here is my finance maths showing 2020 should be more profitable than 2019, assuming gold stays at $1500. Feel free to correct my calculations if I have got it wrong.
Profit before tax for 2020 = 38K x $500 = $19m
Assume tax about 25%
Profit after tax for 2020 = $14.25m
Number of shares 87m
2020 EPS = 16 cent per share
(The 1H2019 results had EPS at 5.5cent or 11cent annualised)