Member Info for CJ66

mmm...might be worth a punt if it wasn't already really struggling before this.
I do already hold some shares and have kept them, but events going right back to a large euro loan that turned sour with a deflating currency, loss of crimean and eastern market sales, wider ukranian corruption and russian meddling has made a potentially good company really struggle with consistent bad luck even before this terrible event!

...fine guys and thanks for the extra info.

I think you misunderstand me - yes they have for some time been buying gold (some 2300 tons according to imf) for the obvious war chest, but you buy it to monetise it when needed. Currently it is very positive for the pog - but when other routes are cut off they will likely have no option but to sell ìt.
I'm very positive on aaz and got in at 5p some years ago, but just want to point out an occurence that may happen. Be an ostrich if you want but this is a discusion board...

Fears of Russia dumping huge amounts of gold as the only accessible capital option left!

Block inc shares still down 50% from a year ago, and this is now just a play on Block share price with a big discount that it always seems to have had.
Don't like the way the management has handled this - very poor and not properly explaining or enquiring of shareholders views. Looks like they are simply retaining a job to earn money twiddling fingers and just holding shares in another company hoping the share price will go up.
Bit like me now, as the share price had already dropped disastrously before I could sell out !!

.....good bit of foresight, he seems to have invited himself in now - who needs enemies when you have friends like this!
Not quite sure what happens to the company from here on, but it's course looks just about run.
Have to feel remorse for all of them.

I think as others say the price will go up in time due to natural need, but the current drop (as with gold) is that it is clear the west is basically making a lot of noise, but doing as little as possible for Ukraine - not stopping gas/ oil or swift banking at this stage (so presumably not pgm's either).
Not wanting to stray into politics, but pretty awful for them as we (including Russia) all guaranteed their safety when they relinquished all their circa 3000 nuclear weapons!

Thanks Arsenal - CPO today up to 1310 from 750 a year ago - seems to support that its not going down like they thought it might before hitting 1200.
Certainly bodes well for MPE as their crop profile is maturing crop growth, even if tempered by lower production climate conditions. Remember this is a dual edged sword anyway - as less crops usually mean higher prices.
Also note with relatively fixed production costs, these fell $50 at the interim to $335. (also note the received is not the full cpo price but about $500 lower with taxes, transport etc - still a very healthy margin business 100%+ though at these levels)

cpo now over 1300 from 750 a year ago - eps from results over 60p a share (more than the whole of the previous year) and net cash of circa £3 a share.....the share price is only up around 25%, for a cash adjusted pe ratio of about 3.
It must eventually push the door outwards and upwards, but boy does this momentum move slowly !

With the Baltic index up to 5267 today it's highest since 2008,
and nearly 3 times a year ago the share price looks behind the curve and far more likely an upside leaning.
The trading index puts it down to increasing trading movements combined with ongoing congestion.
Taylors geared ships - meaning they have onboard cranes for more flexibility at ports, and current charter rates look good for the medium term.
As mentioned before the shipping rates are as volatile as any commodity - but at present they seemed to have timed it perfectly and the dividend may be raised in fairly short order after the first 1.75c.
I do also like in the latest announcement that they are starting at looking at energy saving measures which the shipping industry must address in fairly short order.

Populist speak, they know they would never get it out of the ground without help.
However helps play into ganfengs current bid as peoples resolve for a better price crumbles.

Yes this is not made clear, and probably deliberately not clarified by the BCN directors as they agree to it.
Its scare tactics really with Ganfeng obviously making a song and dance about the terrors of a de listing.
They have to get 75% to announce a delist - which would take time to implement and involve an RNS from bacanora etc.
90% unconditional i.e. pushed through would still take 14 days from such an announcement.
Currently they have only 14.6% irrevocable undertaking support + their near 30% share, so potentially its not a done deal quite yet - and rejection could mean they would have to increase the offer or drop it.....take your own choice !

Now over 7% - but to be clear - from former dealings in other companies, he is no supporter or benefit to other shareholders and only deals / lends money etc for his own benefit!
Hopefully FPO's mgt will do some more canny deals on it's own accord to pull us out from here.

...just have to hope they don't dilute with another discount share placing as has happened several times before.

Not sure of all the thread - but to be clear, if made unconditional you will automatically get the offer money, whether or not you have accepted or rejected it on the vote (as long as you still hold the shares of course).

Quarterleys - starting October....1.75c

Thanks for this info ISA - that looks pretty competitive if they can hold around that,
and I like the fact that they are near term production, plus have a number of big Nigerian institutional holders - that makes the likelihood of state meddling less likely (don't know what the tax take is in Nigeria for miners).
Combined they also have other irons in the fire, that from various RNS look likely to evolve further fairly quickly.
Now looks even more enticing for those toes...

Could be a balance on this one - I like the background but the gold price outlook is poor for the next 6 months at present.
Most interesting will be to see what their all in gold production costs are as this has a huge effect on the profitability - exponentially both up and down with relatively fixed costs.
I may dip the toe, but will be one of the 'waiters' to see, especially if the gold price does head back towards $1600 which will likely hold back the price whatever....

Thanks for the link - up to 103 and back to 93 - not sure why the big discount, although some profit banking to be expected,
but then it's always seemed to have had this discount to the value - hence ST's and our interest.
I bought a few more and will sit and wait (im)patiently...

I think Simon T from IC will soon give an opinion on this as one of his followed shares which should be a good insight - hopefully as positive a one as we think !!