The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Thanks Sanchez and 48 recommends, shows a lot more positive people read this board than post.
The price is not reflective of the actual 11.95p to buy, mine will popup in minute
The price is not reflective of the actual 11.95p to buy, mine will popup in minute
Sell at 12.75?
What dilution, you must mean the CLN to raise an additional $35m to improve production and therefore generate profit growing the value of the business. The same CLN's that are at 17p and were issued at a 39% premium to the SP at that time because after all the due diligence that Orion undertook when V prices were circa. $23kg per kilo they decided that investment at a premium price was still a good investment.
Perhaps to add to that the disruption in SA has only been posted as a negative, which it is for those directly affected. As far as I can see BMN does not fall into that category, actually BMN will have benefitted from lower production costs as the Rand slipped against a basket of major currencies including the US dollar due to the unrest.
If you track those currencies they also indicate a belief that the unrest is dissipating, hence returning to a stronger position for the Rand.
Thanks Libero, I was just coming on to write a post in support along similar lines, so I fully endorse your comments.
Our time is coming just like Winter
FM could not give the real reason which is the directors spend their cash on lap dancers and cocaine.
It’s difficult for directors I think because they are expected to buy and hold never selling or risk damaging the SP by giving the impression there is an issue with the company when the reality might be they decided to buy a bigger house and needed some of the gains, therefore just personal reasons that we should not need to know about.
MM's show your support for England this Sunday and let us start the weekend with a BMN blue finish please.
HarChris thanks, good to know Alfa is not excluded from the Alps £2 party
What was wrong with the other posts?
V price is obviously a big factor but so is the Rand value and following my spot price post earlier I thought I would have a look at a basket of forward rates for the next year. The good news here is they all predict a stronger dollar against the rand and heading back over 15 - 1 in the coming months this is over a 10% improvement on where we were from mid May and into June.
Good to see the Rand is still moving in our favour broken 14.5
In case you decide to read the board at the end of the day.
I am a little disappointed with where we are at the moment but I am still behind you and the management team, just keep us better in informed going forward please.
On the plus side better volume today :-)
Thanks for posting LS and nice to see calm on the BB at the weekend as we await the inevitable UP UP UP post early Monday morning on V prices
YAY- I was thinking USA $45.50, but I’ll take $46 from anywhere.
Lighten up on Ros, I think you have missed this is more than your average BB
Stand down all the weekend is here, only posts needed are guesses for V price come Monday.
Pdub - If they are a real friend make sure they are still looking at BMN and they will do even better from their investment.
Monkeytom, problem with these silly negative nelly's is they suck the life out of the uneducated for their own motives, who then forget, as is the case with many investors in this company, find themselves in profit awaiting to be seriously in profit in a fully liquid share which is played by unknown parties.
The results have to be published by the 30th and this was the case last year but could be here tomorrow.
Ninvestor - sorry I did not have you down as one of the legends of the board, so glad you confirmed you are.