Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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just bought myself a ship for less than a £
is this really worth any investment at all ???
IMO,2008-2009 Is still with us & the world is still in ever deeper financial,economic crisis.what a mess.Goldenport delists from LSE and agrees to fleet sell-off as it faces debts of over £100m, underlining severe headwinds faced by shipping industry http://www.theguardian.com/business/2016/apr/22/yours-for-1-58429-deadweight-tonne-bulk-carrier-one-previous-owner
Yes it's rubbish, but this could bounce later?
Really? I'd never have guessed. If you quit being condescending, and read what I actually said, I said Dead cat bounce. That doesn't mean it's bouncing because of fundamentals. Eejit. I bought at 0.93. It's selling now for 1.34. So there has been a little bounce.
LOLOLOLOLOLOLOLOL NO ITS DEAD IN THE WATER
Dead Cat Bounce later?
It is now
looks like disposal was accepted
Think EGM will be rejected
Can't see that the institutions such as Hendersons will vote for this. At the last EGM the motion was nearly rejected. It seems that institutions voted FOR last EGM - but why would they vote this time when they will lose everything. Now if EGM is rejected then the company will go into liquidation. However this is time consuming to get the assets sold. Maybe the related party will put in a low bid?
Goldenport Holdings Inc. Athens, 22 December 2015 Sale of three Container Vessels Goldenport Holdings Inc. ("Goldenport" or "the Company"), (LSE: GPRT) the international shipping company that owns and operates a fleet of dry bulk and container vessels, announces today the sale of three container vessels. Pursuant to the EGM resolution dated 23 November 2015, the Company completed the sale of the 1996-built container vessel 'Fortunate', 1992-built container vessel 'Gitte' and 1992-built container vessel 'Brilliant' to companies 100%-owned by Goldenport Containerships Inc. The vessels' delivery to the new owners took place on 21 December 2015. As a result of the transaction, the cash position of the Company has been increased by US$976,000 and the outstanding debt has been reduced by US$9,424,000. - ENDS -
Any thoughts about fleet disposal? Look well below NBV on balance sheet
Agreed...fall too low, rather the company liquidated
The Dragnis family have put in outrageous bid at 120p this is 11% of NAV, needs to be 300p+ and is still at a big discount.
Due to high book value it would be a good time to spend free cash flow buying back shares? Similar situation to Berkshire where the best return on investment is in own shares?
Cancelling share placement good for shareholders. No dilution of holdings, management looking after shareholders.
One of the directors is buying up shares.
Panmure upgrades to 50p.If the global shipping market recovers on back on international growth plenty to come from GPRT as this is a classic cyclical play.
The boss buys big.Go figure!
big trade..........
Not sure is the answer. However top holders (i.e. Henderson Global Investors Ltd etc.) in GPRT own 26% plus of the company. Also take into account smaller shareholders then directors may own 60-70% of company?? So it would not always be a done deal. Hopefully the institutional shareholders would want a decent return in lieu of remaining as shareholders.
Is there a risk of GPRT being delisted by the majority share owners before any eventual recovery is enjoyed by all shareholders?