George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.
The deals handed out in the 1980s/90s/2000s/[ just appease the unions and get votes for both main parties ] have come home to roost ,there is not enough peeps paying in to pay out ,and heaps and heaps retired @ 50/55/60 because there deal said they could and i dont blame them, the train of thinking is up age to 71 [as from 60 for women to 65/66/67 for all]so more will pass away and never claim simple maths
Gate 13 if you knew [as most of us do/did] it was pretty clear for years if you get car dealer/ instores on the knock is dearer than getting a bank loan !! so why have we got to bail out the idiots who knew what they were signing up to , whats next washing machines ,freemans ,argos ,paypal credit ,when are people going to be responsible for own actions ?
Sorry gate13 ,yet another telling what to do when they havent even read what i said , i am in profit ,i have lost what the divi will bring when this dropped from46 to 42 ,so iam waiting for 3k from the divi [if it stays] as soon as exdivi comes offski ,the only thing that will keep me around is a special and increase in divi ,and no buyback
"Another contradictory poster who makes no sense."pot kettle
How dare you suggest something sensible , now go and wash your mouth with soap , you will be told stock market is not for you !!the bod are not bothered about the sp only the bonus for them , they know if buybacks are stopped and the divi increased accordingly the sp would climb rapidly ,but they dont want that ,keep head down avoid windfall at all cost just to maintain the pot for the bonus,shareholders dont count ,only crumbs to keep us sniffing around the honey trap
"There are now 9.25 million people aged between 16 and 64 who are not working nor looking for work" and thousands of teachers who retired at 55 ,and thousands more who will still be able to take final salary @ 60 if they were in the scheme before 2007 , and we have to pay for all of that ,also public sector ,firemen, forces[who deserve it] mps ,doctors , most of the loop holes were shut after the horse had bolted , too late we are in the poo poo and having to pay mostly thanks to the unions and soft hmgov during times past , seem like a good idea to solve strikes at the time ,but 30/40 years on it is coming home to roost
Why dont you sell up ? thats all you ever hear when you point out the truth to old hacks trying to do the old way , the truth is day skimmers driven by algos is destroying what we used to have , repeat used to have , you cant not use the old ways thinking buy backs is going to solve the problems ,it aint the proof is bursting out and you are in denial , fast bucks ,day trading ,is all that is wanted today ,and that will end up destroying the foundations ie long term investors , most pensions and hedge funds are invested abroad now this is a dead duck , one way is to take this out of the penny market ,pay a special ,increase the divi ,then some may hang stupidly around [me] i am lucky iam in profit [just] hanging around for 3k divi [stupidly ] i have lost that from 46p down to 42p ,as soon as ex divi if no special or increased divi , you will have your wish gb13 ,i will sod off
Nor are buy backs a magic wand ,£4 billion ,10% + shares bought back ,and sp off a cliff ,going back to mid covid prices , something is seriously wrong here ,this is going down down down ,too late to put brakes on
I am sorry gate 13 that does not answer the question ,distributable funds are funds that could increase the divi, removing shares from the register with that dosh means the amount set aside for dividends is less by that amount ,as i have already said maths is maths ,yes if you reduce shares in circulation the sp will rise[ like it has roared up in the last two years ] and my shares are in principle are worth a bigger slice ,but that aint happening ,dont belive all told at school inthe real world the titanic sunk but it was unsinkable , a wind farm is the cheapest form of electric yes if you dont count how much it costs to install it and maintain it in the north sea , total smoke and mirrors , while we are suckers to invest the skimmers and insider traders keep taking , spoofing is still allowed and cameron was going to stop day trading as it is/was destroying stability 8 years later no change ,dont worry i aint going to be around much longer , carry on beliving what you were /are told and not use your eyes
I repeat ,all peeps who dont know the answer revert to insults , maths is maths if you want less shares in circulation [which you dont know the answer too] why ? example 60 billion shares ,held by how many share holders ?, if you buy back 30 billion shares and still have the same amount of holders cos they didnt buy out the holders pray tell me the difference ,oh but you cant you just insult
As predicted , you dont actually know so more insult
Lti i probably shouldnt ask this but explain why a consolidation is no better than using my potential divi money to do buy backs to reduce to amount of shares in circulation , they both end up with less shares in circulation one costs alot of share money the other costs nowt , but as with the rest most calling for buybacks dont have any shares [you] or are making a massive loss so they just want sp rise not an increased divi , i need to go to spoons cos i am sure your reply will have no positive response just more the stock market is not for you insults ,all peeps who dont know answers will revert to insults like most mps never answer the question
"We are moving on nicely" get a grip ffs ,this hasnt got anywhere near the last consolidation yet in old money its 1.3p
"The chat board with a lot of heads in the sand" yes and i am one of them ,do i sell before divi ? do hold and sell after ex divi date ? the main point is sell !! i am still in profit but the bod have driven me as far as i can go ,my faith of years of holding lloyds has been stamped on from above but enough is enough ,sorry bod you have driven me/ us too far ,the only thing that may keep me around is the progressive divi and apossible special but i expect it too be a lie with held or not improved divi , no special ,so why iam i still here ? [ before lti tells me to f off ] because they have just dangled a baby carrot very cleverly to get a few fools [like me] to buy in just for the poss 1.6p divi ,x 2.5 @40p =4% , well that is the way they think ,rather than sod the buy backs and pay a bigger divi or a good special ,if they did the investment would blow the roof off ,and then watch the sp rise , it does not matter how many shares there are it is only maths ,spare cash divided by shares = result ,who saves by having fewer shares ? ,probably best to do a consolidation 20 for 1 ,then you have fewer shares overnight too easy ? not in ten years of using divi money to reduce the numbers , where is the diff the number of shares is down and you would have happy holders , carry on short term with buy backs very unhappy investors [or none ] with half possible divi payout and no interest from more investors , until the next few days when mm force sp down to get percentage of pound to divi up then skimm and sod off thats a fantastic way to run a company [sarcastic]
"They want to get our shares cheap before the final Dividend payout" that is 100% correct , so now let me think if you offer a good divi[with the sp at 2.5 share to the pound] more peeps buy in to get the divi ,with me so far ? so if we didnt use the money to ,"buy these unloved shares up before the price starts rising again IMHO"by means of buy backs ,the divi could be higher ? if you carry on with the buy backs the sp will rise so less shares to the pound so less % return [divi per pound,so i conclude as i said last week all the peeps calling for mega buy backs have lost a packet by not selling soon enough or are still holding a paper loss and the divi will not make adent in that loss ,so sod the rest we want buy backs boo hoo boo hoo
So yet another case of rich peeps ,knowing very well what they signed up to ,but come the day of reckoning start sobbing its so unfair ,we still owe you money[or you still own part of our house which you now want paying for if we sell it] when are we going to make a proper stand against this stuff , ppi was only misold to self employed not the general public, this car scam ,they knew how much the hp payments were when they signed up if you didnt like the deal dont sign and go down the road to another dealer and see what deal he offers , not sign up and when you have a pile of crap sitting on the drive start crying i which i had never signed , for gods sake grow up ,and as for lloyds get a back bone take them all the way and get them to prove it was lbg that misold them the deal and forced them to sign that would lose half the chaff [if you know what chaff means only us old ones will]
Spread betting companies are calling London’s lead index up by around 53 points, skimmers heaven then
"Who knows, what future direction Brexit and Democracy will take" i dont think you can use both words in the same sentence , the 7 years of trying to reverse the vote and the garbage brexit deal allowed to be passed in the bias house of c [thank god they got rid of berco],certainly is not the type of democracy that i thought this country stood for!! we are the laughing stock of the western world and still prepared to roll over to the eu ,never mind soon be easter with only [on purpose]4 french passport controllers again ,and only 2 with ability to stamp the books ,but that must be brexit fault not the french being armpits
I can only assume with so many calls for a megga buy back ,that so many of you are so sad with the negative sp of your purchases and sod the rest who bought in low and are happy with the sp where it is [fill yer boots 6/7% return] and we would prefer the money to be spent on specials and improved divi , the divi to you wont make a dent in your loses [as you make whoopsies when buying in too high] so you need the sp to rise , yes buy backs will rise the sp ,so why am i not bothered ? because it will only be sometime in the next decade not short term and some of us are on borrowed time and need the dosh now not 2035
"I thought Guinness was a food." 7 course meal in dublin is 6 pints and a packet of tayto