The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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Not too sure how many would know of incoming gold revenue unless you were already invested. An RNS will get a wider circulation and hopefully buys will then start coming in??
I would think those that sold to day need the money as they had to fill up the car with fuel :)
I'd thought, with a sniff of incoming Manica gold, we would have seen a small rerate....
Seems the market needs to see more
Chin up Pup - AP might get your money back one fine day... ;-)
Yes, given Rick's investing history, I think doing the opposite of what he suggests is the best investment strategy :)
Your beloved share is down 93% in 1 year almost 44% in one month, 23% in just 5 days. Time to think about your own choices and leave this board alone.
@DrAim
Sell, invest elsewhere and come back in August. GL
Reasonman it’s 4.91 now on IG if you fancy chancing your arm ;)
20% of the market cap every and each year that is!
My most recent "final" / "absolute last" top up was the first trade of the day with the expectation of an RNS on Manica imminently (my definition of the i word, not CB's)...
Surely the much awaited cashflow that nets us 20% of the current mcap is RNS worthy?!
Best,
Mr T
Dilation time? :)
F100
I sold some at about 140, I was always clear that I brought in for the drill and would see how it goes - very well. I still have some and will buy more prior the July drill, but not much is happening atm. The Question is farm in prior drill or post drill?
I put some of the profit into a top up of xtr(£20k at 4.88).
Bringing it back to xtr - some have been waiting for manica for years, it's great a derisking day, money will be pouring in by August, there doesn't seem to be any reason for a raise now.
Hi Ice
I see you have dumped Panr ????
Official Spread is 4.75 to 5.1, which is 7%. However, actual buys and sells are happening at 5.01 and 4.862, which is 3%. You definitely need a new trading platform if you are being quoted the full official spread.
I use II. I pay £20 month with 2 free trades and £4 for any other trades.
Should we be thankful? XTR is my only share currently still blue.
What a day on the markets
HL can be expensive with trades costing £11.95->£5.95 depending on number of trades in the previous month but the spreads are generally pretty good. Best of luck.
I need to get a different trading platform I was offered 5.1!
FYI ReasonMan I checked HL with dummy trades and real spread is less than 3% Buy 5.028 Sell 4.885
Was going to buy back in but there is over a 7% spread on the Bid Ask on this share, MM's taking the p*ss a bit..
@theiceberg, thank you.
https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2902-tsx-venture/empr/122994-empress-royalty-announces-pre-production-at-manica-gold-mine.html
The preproduction phase for other projects in a few weeks. Empress said it was less than 4 weeks for its silver stream that went into pre production a few weeks ago.
Pre production is simply putting material through one stage at a time of at a reduced rate i.e 25% of tpa. Making sure it walks then steadily raising it. So a plan might be, first week production on a stage by stage process at 25%, second week full end to end at 25%, third week 50% , forth week 75%, then full production after that. Obviously revenue will quickly ramp up.
As Colin said it will take a few weeks to bed in.
In total, massive news that xtr now has revenue from a big first rate gold mine.
pPe-production sounds good news, but I couldn't find the term in the website of mining terms I searched. So what does it mean exactly and how long is there normally between pre-production and production proper - two/three months?
Empress Royalty Announces Pre-Production at Manica Gold Mine !! Email issued 12.32 today!
An RNS to back this up would be good for the SP
EMPRESS ROYALTY ANNOUNCES PRE-PRODUCTION AT MANICA GOLD MINE
Empress Royalty Corp. (TSXV:EMPR | OTCQB:EMPYF) (“Empress Royalty” or the “Company”) is pleased to announce that pre-production has commenced at the Manica Gold Mine (“Manica” or the “Mine”). The Company owns a 3.375% royalty on Manica, which is located in Mozambique and operated by Mutapa Mining & Processing LDA (“MMP”).
“Congratulations to the team at MMP for their hard work and dedication in taking Manica from a development stage project into a producing mine,” stated Alexandra Woodyer Sherron, CEO and President of Empress Royalty. “The Manica Gold Mine is our second development asset reaching pre-production and demonstrates our team’s ability to make strategic investments that create significant returns and value for our shareholders.
End of the day it doesn’t matter (unless it impacts XTR inflows, I’d be shocked if it does as surely this should been an RNS)
But why would empress give away there rights to a royalty on the satellite deposits that the agreement gives specifies they have access to?