George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
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Someone’s loading up today. Will hopefully be reflected in the SP soon
Another top up 5.2p today .
Not much chat on this BB .
Two bits of good news last week this the second
Alliance NewsThu, 07th Dec 2023
Zambeef Products profit surges despite tough environment
Zambeef Products PLC - Lusaka-based cold chain foods and retail business with operations in Zambia, Nigeria and Ghana - For the financial year ended September 30, reports revenue of ZMW6.05 billion, about USD331.5 million, up from ZMW5.39 billion a year earlier. Pretax profit surges to GBP203.7 million from GBP55.2 million.
"Despite a tough operating environment, demand for our products grew, bolstered by a customer focused approach to pricing. Our management team, through a concerted effort, prioritized both revenue maximisation, volume growth and cost management, thereby, positioning the group on the path to actualise its strategic goals," Chair Michael Mundashi says.
"The enduring stability of the economy hinges on the successful resolution of the government's debt restructuring negotiations. We foresee a positive trajectory for copper prices, a vital contributor to our foreign exchange earnings, fuelled by a rising global demand, notably from China and the burgeoning electric vehicle market."
Current stock price: 6.20 pence
Surprised to see my GTC order for 5.98p executed at *5.75p today on small dip at 11am .
Reversing the mistake of 6/7/23.
Patience as I said in park interview yesterday .
GTC on for 5 months one week.
Spread shown above 4.545% I noted 9.1% in July.
Revolutionary - can you explain your thinking here?
Thanks for reminding about the date - my view is that these were part of the deal so BII would not be challenged for control. Looking forward to what happens after September….
I noticed this paragraph in the outlook of the FY results...........can anyone explain this in more detail and if it should be a concern for shareholders? I note the board's stance but that doesn't mean much
16 September 2024 will be the eighth anniversary of British International Investment plc's (BII) investment in the Company. After this date BII's conversion rights on their convertible redeemable preference shareholding ("Preference Shares") will increase materially, from currently one-for-one new ordinary share, to one for 3.0833 (recurring) new ordinary shares. BII is the Company's largest ordinary shareholder and also holds all Preference Shares. The Company has the right to redeem all or part of the Preference Shares at the redemption price, which would give BII a 12% compounded annual return on their investment, subject to a minimum of USD 0.77 per Preference Share (less dividends received). However, the likelihood of such a repayment by the Company in this new financial year, or in the medium term, is currently considered by the Board to be extremely unlikely.
One other point reporting the nos longitudinally is a bloody No-No! Represented like that most won't bother as it's headache inducing.
Count me out!
Well above my expectations unfortunately noone is listening in these horrible mrkts for small cap companies.
Agreed, was better than expected and H2 certainly seems to have been more stable. Some forward guidance would be useful, but I'm surprised the SP hasn't reacted more positively. Nothing seems to shift this SP it seems!
Trading update out reads well on first brief look.
A chunky trade there.....
Made a mistake and sold unintentionally on 6/7/23 for 6p .
Unable to buy back last 12 days at 5.98p despite ( D ) showing lower price.
Spread above 9.1%
Zambeef has become one of those stocks that are full of bad news for investors while painting a picture at odds with nos. I dumped my small amount & added elsewhere preferring to run with winners rather than duds like Zam.
Much as I tried to wean my Co investor off she continues to have blood transfusions in the hope some new lifeblood will do the trick and there will be a damascean conversion in the shares.
JohnLewis79
Never really studied your "squiggly line theory"
Just to fully understand your post .
Summary there were no sells ?
Oscillators there were no sells ?
New md is from accounting background and will no doubt jiggle some figures to show her tenure in best possible light. Expect super results next time….
About as incomprehensible a message as you could get from the BoD "whilst Zamchick was profitable and cash generative in FY22 and is expected to remain so in FY23... the impairment reflects a reduction in the Board's expectations of Zamchick's future economic performance"
.... so "we're writing the asset value down to zero but we expect it to remain profitable !"
A little jiggle getting rid of goodwill to all men! Cleaning the halls with boughs of holly….
Anyone got any more bad festive comments?
Shouldn’t this do better with the falling pound? Or will the loans in US dollars outweigh?
For those interested in squiggly line theory, moving avs and pivots etc...here's the Zam trading view.
Summary
Strong Buy
10 neutral/16 buy
Oscillators
Buy
9 neutral/2 buy
Mov avs
Strong Buy
O sell/1 neut/14 buy
RSI
68 neutral
P/e
3•6
Has our fearless comrade gone FOMO??
The endorsement from IFC and the country’s national debt restructuring (with China support) appears very positive. No movement in the stock as there’s no liquidity… no one wants to sell at this Low price. I suspect it needs to double to 18-20p to flush out more sellers.
First step debt facility agreed with IFC for $35m.
Got their funding quickly. Clearly this is a thriving company, shame it's got a lot of debt but I guess in 2-4 years time they could be paying that down by £20-40 mil a year. They paid down £10 mil in last 6 months accounts
I expect a fall again tomorrow to what extent not sure but definitely a fall.