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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.
Agreed, picked up some myself too
This will be a dream entry by the time we get to H2
Many goldies will be pay paying higher dividends unless our share price falls to take account of coming (and expected) divi reduction (which it seems to be doing). Our forward yield at £1.10 will be around 3.8%
However all this is entirely as expected and have been suggesting a final fall at these latest figures too over the last 18 months, before the. 2023 recovery (we hope). At least it is getting nearere
Nice sale :)
sub 80 I reckon once auctions done
Unable to buy on IG atm
topped up I did call sub 90p a few days ago once I cleared out the holding on the spike above 106p. NIce.
I am informed and I can tell you that this is heading a lot lower..I aint selling but I am fuming at the naivety of the CEO in putting out that rubbish ... far more needed in that RNS about the future not bullet points with not comparision.
I've just taken the opportunity to top up for some of that jam tomorrow. If there is a better dividend paying gold option in this space, I havent found it.
Market is backward looking after all.
Hopefully as informed shareholders we can use this ongoing opportunity to acquire (should it sort portfolios to do so) , knowing that a turnaround is underway and whilst the results don’t stack up against last year at face value, we know the reasons why, and that progress is being made by the CEO and company to deliver on the planned changes, which should result in an improvement of fortunes?
Jam tomorrow - but we knew that- never know how much is priced in on or not, but be very surprised if this isn't a drop day alas. Following this, q1 results and subsequent ones are obviously key to show an up turn from the down downturn- words are only good when subsequent actions prove them.
I think a fall is pretty certain. Not just because of the amateur attempt at spinning the RNS but also because the gold price is breaking support and heading below 1900 this week...sadly.
I’m going to take a stab and say the market will not be happy with the results. Forward promises are all well and good, but on paper results are what matters (in my limited experience) and the numbers don’t stack up well, for the variety of reasons well discussed on this forum.
No that is this year. Next year they promise 5cents
I think Sotolo has it right. Minimum for 2022 FY will be 5c
This will bring the total dividend attributed to full year 2021 to 9 US cents per share (US$105 million)
From report “ our intention to pay a minimum 5 US cent 2022”