Member Info for CrystalBallBroke

I was looking at the charts etc, at about 16:10 yesterday, when i got called away to something and never sold up in the end.

Had i got out at the best point in the day 240, and bought back in early, it would have been about a 10-11p difference, I think 5-6 was the break even point, it's dipped into the 228's again i think this afternoon, so it may have been worth it, just, for now though I'm happy with where its sitting immediately after the ex-divi date, had i seen more movement into close yesterday, from about lunchtime then i would have been more inclined to sell, as I think then you'd have been looking at more like 15-20p difference that would have certainly made it worth while to sell and buy back the same volume of shares, leaving you much more cash, and instantly available.

Of course it could go down from here, back into that 210 range it's been floating down to, or rise

he's done what i am contemplating doing, gamble the fall will be higher than the value of the dividend, and he'll be able to buy back in (without having to wait until the 24 sept if using a re-invest option with his broker) and potentially gain sufficient additional shares to make it worth while.

I am on a considerably lower average than what we are at right now, and have to factor that in, any uptick for me is profit (paper) wheras buying in at todays (or tomorrows price) could see a dip into negative. Also have to factor in that the share may have risen the last couple of days, today has been flat, and i was hoping for another 3p or so raise today, otherwise the rising market may just swallow the fall back, and nothing will really be gained by selling to rebuy.

If you're go'ng to reinvest the divi anyway, worth a try, i've seen it work sometimes and others not, and that's here with LGEN. I've also seen big overpalyed drops off the divi which have been uncalled for, and a reason for folks to do this.

I've got 45 minutes to make my decision

exactly, wave a pan with a little shiny stuff in it and hope we forget they haven't managed to achieve anything yet in regards to progressing things with NIEFF..... who do they think we are to be distracted by a little shiny something... george ?

Following the 26 Jun statement of 7.21 at year end (no mention of a 50% drop by the time of writing that statement), on the 16th Jan we were at 7% and by the 11th Feb we were down to 6% by the 13th Mar we were down to 4.1%, by the 26th June it was down to 3% by the 29th July we're down to 2.7% and today 2.2%

so where the F is our notification that our big investment in Macarthur has been wittled down from 7.21% to 2.2% ?

I'm going to guess this was due to dilution by Macarthur, some no doubt the convertable loan notes mentioned below, and share options in placings etc that we didn't take part in, thus diluting us down heavily.... great job, the one part of this miserable company that shows promise and progress and we let our holding get hacked down to a fraction of what it was.

you only have to look at what was in our results for year ending 31 dec 2019, to know we backed the wrong horse......

· Macarthur has secured a binding Life-of-Mine Off-Take Agreement with Glencore International

· Macarthur also has established multiple project areas in the Pilbara, Western Australia for conglomerate gold, hard rock greenstone gold, hard rock lithium and nickel. Macarthur Minerals also has significant lithium brine placer claims in the Railroad Valley, Nevada, USA.

· Macarthur completed a US$6 million institutional convertible note offer to fund the production of a Bankable Feasibility Study on the Company's iron ore projects. Glencore Internation A.G participated in the convertible note.

· Macarthur signed a binding Life-Of-MineOff-Take Agreement with Glencore International A.G for the Lake Giles Iron Ore Project.

· The Lake Giles Iron Project, Feasibility Study (FS), is well underway with the infill drilling program completed in December 2019.

· Macarthur entered into a binding agreement with Arrow Minerals Limited

@dsfat
from our Results for the Year Ended 31 December 2019 dated 26th Jun 2020

"As of year end, Cadence held approximately 7.21% of Macarthur."

so, good question, have Macarthur diluted that much that we drop from 7.21 to 2.2 or have they sold some without notifying shareholders? going to look back now and see if i missed soemthing.

exactly, they have bugger-all idea what they are doing, except for how to fleece investors and keep their cash cow alive.

should have shares in Macarthur, they seem to be a legit business

will believe that when it 4 bags from here, i never bothered throwing more money down this drain when it was down at 4p because quite frankly i've held since the Rare Earth Minerals days, so have basically written this of, if it ever produces then your windfall will be my break even, but i doubt it ever will

I think i can smell crispy bacon :D

no sympathy here from me at all, miserable vultures.

Good to see a blue day and seems to be building a solid footing to move forward, i'm still underwater, but not far from the surface now, as soon as the union stuff is cleared up (we seem to find ourselves saying this year in year out) I can see a steady move forward back to more sensible levels, it seems the market simply doesn't want to deal with the unions in any way, and as soon as anything come sup with them, regardless of the union, or whether they have a record of folding or not, the market just turns a cold shoulder to the share in question.

@Simmo, hadn't seen that/those pictures till you mentioned them went over to have a look.......

this one caught my eye.... https://twitter.com/Premafrimin/status/1293236253366902786/photo/2

Interesting, looks like the locals have been all over that land previously and been picking it clean, even in the background there are old workings, and one amusing thing.... see the guy with the white beard?...... I was looking at this photo from GWMO's gallery earlier... 9zoom it in)

http://www.greatwesternmining.com/file-manager/photos/img_4343-2-small.jpg

lol

i'm going to suspect he's being sarcastic, in that we get a little 7% increase, rumors of news and at just the right time, more confetti to be sold into the raise causing any upward movement to again be squashed

what was GRs 86k shares payment for... and if someone says salary bonus i will literally p15s myself laughing

"Is that Todd Hoffman by the drilling rig?"

i hope not that fat tawt couldn't find gold in a jewelers

that link now says

"14th August 2020 Interim Results Announcement"

"@Crystalballbroke - What government assistance did RMG take?"

@mike1974
My understanding of it is not so much corporate help/bail out, but a company placing workers on furlough ties them into the same agreement that for the period of such payments etc, no financial payment can be made to shareholders (dividend) which incorporates finances that time period. I also suspect there were other clauses involved, because it would have been seriously frowned upon i suspect, if you've got millions in the bank and still took money for 80% of your workers pay.

It'll all be way to complicated for me to fully understand, buried in corporate mumbo-jumbo, but the way i've been looking at it, is that if there was any form of assistance etc, i'd be expecting the dividends to be cancelled, and this is what has happened to about 90% of the companies i've been watching, with a couple of notable exceptions (LGEN, SLA, CTO, TATE) who I don't think took any assistance, and went against regulatory guidance to not pay dividends

Fully agree Joy, my point was the small volume of the test should have meant the RNS was more focused on the purity level of the gold stating that information as the primary reason for the RNS, and that a larger test sample was in the works as they progress with the trenching (given that's why we're trenching) and that this was simply an early test indicator to ensure trenching was going tin the right direction, but produced a purity worthy of an RNS.

The news is good, and it's great they are updating the market, as this will do the world of good for building confidence and stability, but they need to start paying attention to what they are writing in them and stop being vague, and be completely transparent.

I am hopeful of a potential run from here if they keep up the news flow

to work out viability, they'd need to take wider ranging samples, and in larger quantities, this smacks of a PR stunt to me.

WHY such a tiny 550 grams taken to sample, that almost seems like someone stuck a shovel load or 2 in a bag saying, this looks good i'll take it to have a look. It does NOT to me sound like a serious test sample.

That said, if the purity is as good as they say, then that might be a bonus, the United States in general, and Canada lag behind the likes of Australia and South Africa for gold purity levels, so if we do have a high purity grade pay later on our land, that is something to note. But, again, I come back to proper testing needs to be done.

Exciting times ahead I agree, but i want to see a PROPER test volume run through either the plant or a crushing machine (do we have one?)

that's what i'm worried about Mav, if this tops 240 and it looks like it will, then on one hand i'd expect to see a drop of 10+ on ex-dvi date, which would give me a good profit over takign the divi, if i sell and buy back, but there is always that greed involved, i sell, it drops i wait a little more for it to drop back into the 21x/20x range it's been floating in and it doesn't then i'm kicking myself !

yeah that's gone through 235 a lot faster than i thought it would, makes the decision tomorrow a lot harder

i'd expect to see the dividend considered Q3 next year, what I don't know is the exact extent of government the governments ban on dividends if the company accepted assistance, I have a feeling it's only relevant to the period for which aid was given.
So existing dividends could be paid if they were lined to say the period before furlough payments. That said, there is significant pressure from the powers that be to try and force companies not to pay dividends, stating they should be saving the money incase they need it. The likes of LGEN that have gone against that are sustaining god market performance, whilst others are seeing money leave at the first opportunity to safer bets, such as gold, or to funds or shares which still offer some form of return.

With no dividend, this is dead int he water

"Everyone ready for the double digit announcement this week from the Pasty Fooler."

EVEN MONEY on the only double digit increase will have been his weight or waistline during lockdown