Member Info for Ctw2014

With net assets stated to be £828m and with the current market cap only £130m, doesn't that make this a real bargain/ripe for takeover? I realise the jurisdiction is a risky one but still .....

....trading update due this month.

......now out. Full year results expected to be in line with market expectations.

.....due out this month.

Just transferred some cash from a cash ISA and put some of it on this. I would be amazed if this doesn't move up on news flow as the new plant is commissioned and comes on stream, which will happen soon baring any disasters.

Emailed Investor Relations on Sunday to try to get an indication of when they will be getting the results out. No response yet. Not very good 'investor relations' in my view!

As I read it the 35m is not a loan as such and will therefore not add to existing debt. I have not seen any statement on dividend policy (this is after all only just returning to profitability) but personally I am more interested in capital growth in the short term. We do need the gold price to hold up though. The last week has seen a drop back but hopefully it will bounce back.

For some reason there are a number of announcements on the company website which have not appeared on the list of RNS announcements on my broker's site: 1) company raising 30-35 million Canadian dollars by a 'bought deal financing' arrangement involving issuing just under 7 million shares at 4.35 Canadian dollars a share; 2) production on track to achieve upper end of production guidance of 140k-155k ounces; 3) 3rd quarter results due out on 11th March. 4) cash at 31st January 44m Canadian dollars before proposed fund raising. Despite the dilution of the new shares, I reckon the fundraising is positive and puts the company in good financial shape going forward. With production levels and grade up, and gold price holding above the levels needed to generate profits here, I am expecting the results in March to be good.

According to Blur's website, listing fees are the higher of $375 or 10% of the project value payable upon listing, but currently waived if the project kicks off. They also take a percentage of the project value, which they say is typically 20%. Trouble is, to get an idea of actual revenues, you would have to know both the proportion of projects which 'kick off' and complete, and the duration of the projects which will often span more than one year.

I am in a similar position as drjenner, holding onto an 81% paper loss on a small investment. Also tempted to top up to average down, but somewhat sceptical because of the past history on revenue recognition here. To be fair, recent announcements from the new CFO have been a bit more helpful and encouraging, saying that full year results are likely to be 'in line with market expectations' and that they have sufficient cash to see them through to break even by the year end and a cash flow positive position by Q1 2016. So, at least an indication beyond references to the growth in bookings. As I understand it revenue is generated by both listing fees and a percentage of the project value, but I don't have details and, I suspect, the company will not reveal percentages on individual projects for commercial reasons. I am more optimistic about this share than I have been since the sp fell through the floor on revelations about how they were having to adjust their revenue recognition policy but the proof, ultimately, will be in the proverbial pudding.

Holding an 88% loss on this so far, most of which came before the drop in oil prices. No choice really but to hang on and hope but it seems pretty clear that there will be no short term recovery in the absence of a buy out. Possibly a placing to keep things going, so could see the price getting even worse before it gets better. Just a forget it and see hold for me for at least 18 months maybe two years.

Octopus Investments and Schroders have increased their holdings to more than 5% each.

According to the Atlantis website onshore works for the Maygen project commenced on 21st January with the beginning of construction of the access road. They are also exhibiting at the Investors and Innovators Forum on 3rd February. Current market cap is just a third of the net assets shown in their latest published accounts! I have topped up while these are cheap. Can see this lifting on publicity soon.

Also a guess but I think last years results are likely to have been delayed over internal wrangling about the 'revenue recognition' issue, which ultimately killed the sp.

Yes they have been pretty slow getting them out in the past. I am just guessing, but with a new CFO and hopefully something better to shout about they may be keen to get them out earlier this time!

......was even higher on the 23rd Jan and didn't shift the sp that much either. Still, so long as they deliver positive cash flow within existing resources this will have to move up. I think on the basis of recent confident interviews by the new CFO that this is very likely.

Yes, frustrating that it dropped back again after touching 79.5p. However, although the RNS sounded great (and I still cling to some optimism here) I guess market confidence was so shaken by the 'revenue recognition' debacle, that it will take the publication of actual results, showing strong revenues, and therefore the likelihood of profit by the year end, before confidence is restored. Just my guess.

Thanks for posting Jupiter. Interesting that, again, the CFO has fronted this. Much more confidence inspiring than Letts in my opinion. Good volume today so clearly this is attracting some interest now. Very confident announcements ahead of the year end results coming out, which is encouraging.

.... Of results for year ended 31/12/14 should hopefully provide a positive catalyst given the recent confident announcement that they are expected to be in line with market expectations. Given the history here, I doubt that the new CFO would risk getting that wrong!

.... Of just 13.8 for year ending 31/3/15 and dropping to 10.8 by year ending 31/3/17 according to data on my brokers website. Surely this is very cheap for a cash generative and profit making IT company with excellent growth potential?