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I have held L&G for dividends for years. I am looking for good yields and safety in the market.
I am firmly of the conclusion that buying more L&G is a good way to navigate current uncertainty.
Treeshakers, it would certainly have been better to raise money with a higher share price.
However, nobody foresaw COVID19 so it is harsh to blame the management for the delays in getting the data which they expected to generate joint venture revenue.
I held RDSB for income in an ISA & SIPP.
I sold at a loss from November through March as I was concerned about the impact of LNG prices.
I have now bought back my full holding.
Dividend yield at current price is too good to miss with every prospect of oil price recovery over the next 2 years.
I expect to hold for 8 to 10 years for income while watching how the energy industry transitions to a greener world.
Wikipedia on Telfer :-
First mining period 1977 to 2000[edit]
The mine opened in 1977 as a joint venture between BHP Billiton and Newmont Mining. In 1990, a merger between Newmont Australia Limited and BHP Gold Limited resulted in the creation of Newcrest Mining, with ownership of the Telfer Mine now lying with Newcrest.[14][15] The Telfer gold mine was expanded in 1991,[16] and in June 1995, the mine reserves were 118.2 tonnes (3.8 million troy ounces), with resources at 227.1 tonnes (7.3 million troy ounces). The annual production was 11.5 to 11.8 tonnes (370,000 to 380,000 troy ounces) of ore.[17] In 1997, the mine reached the milestone of having produced 155.5 tonnes (5 million troy ounces) of gold.[10] Open cut mining was suspended in August 2000 due to high operating costs. The closure of the mine came one year ahead of schedule as production of underground ore was well below mill capacity and therefore not viable.[10] High production costs were primarily caused by the presence of cyanide soluble copper in the open pit ore.[15] Newcrest then focused on exploratory drilling for new minerals.[14]
Second mining period from 2002[edit]
In 2002, Newcrest Mining announced a new redevelopment project worth $1 billion,[18] after discovering new mineral areas and a reserve base of some 591.0 tonnes (19 million troy ounces) of gold and 640 thousand tonnes (1.4 billion pounds) of copper.[19] The redevelopment expanded underground mining areas, deepened open pits, constructed a processing plant and power station, and built a new gas supply line from Port Hedland.[14][20]
If you are not capable of finding that out for yourself you need to question if you should be investing in stocks!!
Sorry guys! I have been with RENE since 2006.
The comments I am reading now remind me of other AIM biotechs with brilliant science that just run out of money.
I hope I am wrong but I cannot see a way to profitability without a deal for RP very soon.
Thank you mallettp -a very good summary.
I agree with Edison that cash will be needed before a deal can be done with RP treatment, or at least there is a very high chance of this. The last time cash was raised we were lucky to have Woodie prepared to buy in at £6 a share (after consolidation). My concern is that further fundraising will have to be by the issuance of more shares and I would not like to predict the price. My feeling is that it will be significantly lower than the price today. Therefore I am out until we have more clarity.
Please remember this is the AIM market.
Valuations will reflect short term opportunity.
For what it is worth here are my judgements of the potential SP movers:-
CTX : I agree with Grizzly - nothing for years
Fosun agreement : current politics will delay payments.
Exosomes : financial return a long way off.
RP : a significant deal now critical to the company future.
Let's ask ourselves two questions.
Is RDSB still a good dividend stock? Answer : at over 4% currently - YES
Is the RDSB price likely to improve? Answer : the world will start to fly again and green alternatives are still some years away, so YES.
When to buy? If I had the cash I would buy at the current level ( just above £12.00).
Personally I am riding the gold wave and intend to get back into RDSB later in the year.
I understand your suspicions. However, you must understand that the AIM market is driven purely by the chance of immediate financial gain. Any chance of RENE achieving a deal is still some way off. Chinese money from Fosun should not be taken for granted in the current political climate. The market currently cannot see a route to profitability and will price accordingly.
I have held these shares since 2006 and know the frustrations. Until there is money from a deal NOTHING will boost the share price significantly.