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Though I think it’s a ****ty deal for sdx holders it makes no sense to sell at this price, providing your broker trades on the TSX.
In fact, if you intend to hold out it would be beneficial to buy more at the current price as you will receive more shares as you are currently getting a 20%ish discount.
Let’s face it, the bod of Tenza can’t be as bad as the sdx bod! And the company would have a combined cash position of $30m and no debt.
As mentioned earlier, the fact that Tenza is up today suggests it is a good deal to Tenza and would benefit sdx investors if they hold and get the Tenza shares.
There is also the hope another offer may be made.
Yep it’s a very poor deal. Very few holders will profit from a 10p offer.
But giving it to holders in Canadian shares when sdx is on LSE is disgusting. Many holders may not be able to sell these without opening up another account and getting them transferred. This is likely why the sp has dropped today.
Vote no and then try and get the bod removed.
Took a wee punt here today after my 120p alert was triggered. Just in time for the small dividend on 19th.
Reece, can I have some of what your on?
Wsg has been running 30 years now? And never made a profit, but for 30 years has paid a fine salary to one of the best con artists going all at the expense of share holders.
Gold could still be on its way up. On 11/02/22 gold broke up, out of its downward channel. It is not unusual for a retrace back to the trend line which it broke out off. This is what has happened with 1800 being approx. that point. Around that point is also the 61.8% fib retrace and the obvious support line. RSI and STOCH are well into oversold territory. So if the gold price does hold this level it is then very bullish and sets up for a good gold run for the rest of the year. Bear in mind also, most people are crying into their milk with the recent down turn and as they say, buy when others are fearful.
Go do one. If your going to say this is going to fly then write some actual facts about why. All your doing is filling the board with cr@p that no one wants to read.
Well 6p might be a bit low but i'd certainly be buying if it did. 8.8p is probably more like it, with 6p a likely target if 8.8p breaks. Gold price is imo at the low for this year, though it could go a few points lower but I doubt lower than 1800. So that is a big positive. At end of the day though, this will become a multi bagger when shg exceeds 100,000oz,
The Dividend is not worth buying shares for, as it is so low and just a token gesture. I understand the reason for it being important and it should be low atm. Maybe it will provide a tick up in June.
A bit of mixed feelings here.
While there was no negative news there was nothing new that wasn't already known.
Lets face it, 2021 was poor creating a loss overall.
How long has Eric been banging on about 100, 000 oz? It wasn't that far off it back in 2020 with 84,000 oz. He certainly mentioned 100.000 oz enough times in this RNS.
So what does the future hold?
If all goes to plan, back to profit making and increased revenues. I also think gold will hit 2300-2400 this year which will greatly affect the bottom line. This year will likely be up and down with the spot gold price though.
So, with 8-12 months until production increases there is some time before it can be translated to the share price. I think the sp will likely remain stagnant until later in the year and will likely mirror the spot gold price. I think shg will likely see 6p again before rising. This mornings trades, few to start with and looks like those few have "sold on the news". Another negative would be the old adage of "sell in May and go away".
30p target.
In the meantime, it remains cheaper than its principal London and JSE-listed peers on at least 69% of commonly used valuation measures.
Hopefully see a rise in the sp by end of the day.
Understandable is your pessimism.
I've averaged down too, with an average about 13.5p. I want to average down again, but no funds free. Everything is pointing to a re-rate soon now with Broker target at 25p. My main concern now is if the company gets taken over, would my average be low enough? If a take over was to happen from August onwards then the highest price in the last 12 months would be 11.8p.