Member Info for Bustard

We will find out a lot more with tomorrow’s formal announcement. 🤞🏻🤞🏻🤞🏻🤞🏻

I don’t believe we are missing anything (other than a buying opportunity)

I believe yesterday was a botched announcement forced on the company because of the Johannesburg stock exchange rules, and which they didn’t put enough effort into crafting properly. Let’s hope I’m correct

CGT is a nice problem to have.

I’d far sooner have a lot of CGT to pay than only a little bit.

100% they should get out of Aim.

Let’s hope.

Good comments below; thank you.

I hope I’m not mistaken but I think this is a tremendous and undervalued stock.

I’m a longer term holder, first buying at 10p.

I feel it’s still substantially undervalued. In a nutshell:

*Excellent management

*Tight cost control

*Expanding production

* Australian diversification

* strong profit growth very likely to continue, even were gold at c. $2,200 oz. Higher gold means even better growth

* Great cashflow

Weaknesses:

*South Africa - all the usual concerns inc. electric shortages (later now being addressed with self sufficiency plans)

* Aim listing. - hmmm.

* gold price slump

I’ve read and reread today’s confusing announcement and I’m still not much the wiser. There are some words in there which concern and others which do not. The comment about prior period reporting errors is concerning, and the increase in profits in the six months to December 24 appears to be less encouraging than I had hoped. The mention of opportunity cost is the extra revenue which would’ve been earned if the hedge wasn’t in place.

Anyway, the announcement smacks of something that’s been rushed out because of this rule on the Johannesburg exchange about the results being 20% different from a previous six months. It’s as if this was realised just two days before the formal announcement of results - thus a rushed confusing release.

Anyway, we longer term holders need to keep our fingers crossed that the Wednesday results release (which I’ve been looking forward to so much) aren’t a damp squib. I still strongly agree with the comment below that the profits of this company should leap forward in the next 12 or 18 months. I still believe 40p will then look cheap, as long as the gold price holds up somewhere near where it is now.

Thanks. I agree the hedging wasn’t voluntary, but it’s still cautious and means that company has missed out on a lot of the gold price rise. As the hedge unwinds, profits should leap - as long as, fingers crossed, the gold price stays high. Extra production coming on stream should also turbo charge profits.

I am a great fan of this stock and hold a substantial number of shares which I have purchased from 10p upwards

I found today’s announcement confusing - certainly the hedging arrangements are poorly explained. I have feeling that actually what was announced represents good news but we need a clearer explanation The company hedges the gold price and basically has been out of the money (relative to the market gold price ) with the price rising. This is a cautious approach to adopt and of course will work well should the price of gold fall.

Let’s see what gets explained at the formal announcement. Fingers crossed, it is good news