The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
"We are going to see weakness until ..."
Not necessarily, although the last couple of days have looked that way.
The counter argument (other than those already argued by Smarty) is that the further it falls, the more it gets stretched away from fair value given the resource (known & probable). Which haven't changed adversely.
It positions itself in the market as a system integrator of mine hoisting equipment. Also, the scope of activity of the MIDIEL Group includes equipment for sinking vertical shafts (mobile tunneling hoisting machines and tunneling winches), emergency rescue and emergency repair mobile machines and fans for the main ventilation of mines. MIDIEL Group has absorbed many years of experience in the design and production of this equipment by Ukrainian enterprises, as well as modern technologies of European manufacturers
Zak Mir with modest chart target of 5p by end of the month:
hTTps://twitter.com/i/broadcasts/1DXxyvDvrdNKM?t=OXFuX406JkNnqBm9f-siUw&s=09
Can't agree with the 'holding till nnn then I'm out' approach. Like you're punishing them for being slow; it's only yourself that gets 'punished' in that scenario because at that level they would have confirmed and producing deeps and would therefore be on a solid trajectory for more - possibly even significantly more.
CE cash could come in a whole lot more quickly than 'next few months'. I don't like using the word having been caught out with other companies in occasion, but I got the distinct impression it could be imminent. Not forgetting there are other interested parties in the frame.
Checking my notes, he said 802 was their best deep prospect, at maybe 2000 bopd, followed by A5. He also said there was 'much potential' in Block 8, which was hoped to have similar geological potential to Tengiz & BNG. Hoping to exercise option on Block 8 in about a month.
Sorry Somm, if it was asked then I don't recall the answer - hopefully someone else who was there, might? (think I counted around 14 attendees in total)
You wouldn't believe the amount of time taken up by various people venting their frustration at CC re the poor Comms, and his lengthy replies to those. Hopefully the presentation, when it finally appears in their website (!) might answer some of that detail which I agree would be interesting to know, otherwise it should be covered in the coming AR.
My reply to all that is that someone seems to have too much time on their hands!
And that was also really about the most negative spin possible. I repeat, we were told they are not a connected party but you appear not to accept that; fair enough so why not see what they say. And no suggestion that the single issue holding things up related to any need to 'qualify'. Just that it was 'non-commercial'.
Anyway, rather than just argue back and forth, with no trading in the meantime, the only option is to read what they say when comes.
I can only repeat the view that the issue is said to be non-commercial and not as price-sensitive as the stuff you're suggesting. Clive was also adamant that the other party to the CE deal was NOT a connected party (as I have already said on here previously)
Clive emphasised the delay in accounts was due to a 'non-commercial' issue. And he repeated that later.
Therefore, unlikely to be for the reasons you suggest, imo. Hopefully all to be revealed within a few days and end the speculation about possible reasons.
Sorry somm, I think the topic of G70 rig was raised but I don't recall the outcome. Hopefully either a different person who was at the AGM can answer that one, or else they mention it in the accounts which should appear in next few days.
True, somm, spending $20 million in a single distribution to shareholders is probably the least likely of all, in that rather rose -tinted picture. But the rest? We wouldn't be here if we weren't at least occasionally looking at optimistic outcomes.
Given that someone raised this subject today, I recall that this question was raised yesterday at the AGM.
Clive was asked why he hadn't bought, he replied that he's got several directorships and I think he said he'd only ever bought shares in one, a while ago and that generally he didn't. In discussions after the main business, it seemed it was a matter of financial constraint for him.
Maybe he's counting on earning his 3million bonus instead?!!
To be fair to cc, none of that's impossible, especially if you stretch the last bit to 2024. Whether it's likely is another matter ..
Talking of Clive's 3m plus bonus if the shares hit 17p, I asked if he could look me straight in the eye and say that's achievable and without any hesitation, he did.