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Speak volumes, and I couldn't sell any shares live at all..... something definitely stinks!
If it's not paid in 60 days it's an even better scenario for CIHL.
Isasop - presumably people want to know that the money is definitely coming and when - not all countries abide by the rules and the fact that GOB got themselves into this mess demonstrates that they are less than professional
Might be time to add a few more .... seems to be as low as it's going GLA
Why is it only a few of us are seeing this for the bargain it is. It's such an obvious buy
Horace - thank you, your are officially the CIHL guru and voice of reason! I wish you well:-)
If I may blow my own trumpet, I have been following this share (and its predecessors) for 20 years. I will say this: it is Lord Ashcroft's style to keep his companies beneath the radar and the SP nice and low....we will see this SP rise in multiples when his Lordship is ready!
Horace - your input is much appreciated, thank you Do you have a financial background?
wish it was mine
take a look at the half yearly report under the Assets section. the Govt of Belize Securities is a new addition. The NAV of the company would make the shares worth 45p each. Yet the market cap is less because people aren't buying the shares, not all markets are efficient, lack of shareholder knowledge, market makers marking the price down, no one following this shares until earlier this week etc etc
if it was already accounted for I can ensure you our market cap wouldn't be 16 million
As stated before, I think this is already accounted for in the balance sheet under "Govt of Belize Securities 34m".
completely agree. its like having a football match. losing and then insisting on a re-play. its going to be paid and CIHL are going to be a minimum of $27million better off. could still be a big payout for interest if they don't pay it in 60 days and another $35million could be on its way. take your positions
Yes its understandable, and MM's have a free pass to do with the SP as they see fit. Once we have clarification of payment, we should see this move back up, so the opportunity to top up is now, or over the next few weeks, however if GOB choose to default on payment and somehow are able to get away with it then this is going nowhere. I don't see how they can though, so my personal opinion is that we will receive payment in some form. GLA
Ive been reading alot more and this company has one hell of a history.If we got all the money owed over the years we would have no debt,a healthy bank balance and a shareprice in orbit compared to todays price.There is so much to read out there and its all readily available..
Given the retort from GOB in response to the settlement I suspect people are treading warily until further information is released - this is not an easy share to trade on buying or selling Personally I'm waiting for further clarification, however I do believe that GOB will be forced to pay or face punitive charges
3 big sells in 48 hours. that's whats been holding us back. IMO should have held on for much bigger gains.
if they don't pay up in 60 days. even more money for CIHL
GOB reluctant to cough up: http://edition.channel5belize.com/archives/140643
take your positions before the hurd arrive
Link?
This $117.2 mil has to be paid within 60 days of the ruling..read it yourself.This will go north soon.