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Staying above 50p good sign
82 % of this company is owned by on entity. my take on this is that the share price is taken down by corruption so that the remaining 18% can be taken out on the cheap as you will be a forced seller...
18h is 10 days away...
Https://masterinvestor.co.uk/equities/renold-stv-group-and-argent-biopharma/
I want an offical RNS , he could be spouting any old rubbish
Sounds to me they need to INVEST in a proper production management team who know what the fook they are doing
BP is in play for a takeover, its a sitting duck...be patient
Sea of blue!
All those trade showing as sells over 50.6p are Buys...
Doubt there will be a special divi but they may start to pay a divi at 5% level now that the debt is cleared and they are making free cash flow every qtr. The newly acquired mine/tenement will take a fair bit of cash resources to get up and running and this will hopefully make up for any reduction in production of the current mine . All looks good. Free cash flow for first qtr was $21 mill on an average gold price of 2050 oer oz, its now at 2300.. so generating cash hand over fist now. on a market cap of just £117 mill..
Looks like news leaked and a few people got ahead of the RNS but the useless FCA will do nothing.
As good as the results are in local currency. when you translate this into sterling the bag taka has depreciated by over 10% against sterling.. soo that is why the subdued reaction. on an annulised basis the P?E due to this now rises to 6 pre tax. still as EK points out the share price in Dakar is double what it is in London, so maybe a little arbitrage from overseas mayy ensue over the coming days
Just 2 weeks until block buster year end results
Anyone else think BP is still in play for a takeover
Thats a lot of buying... 18h must have hit oil already
Loads of big buys showing at sells
I dont think its profit taking I think its more of a forced sale as the asset manager has too keep only a certain amount of each share in the portfolio, so with MTL rising so much they were probably too heavily invested so have sold to rebalance the portfolio. nothing sinister, so now its done the buys are going to move us up.
Good luck derampimg $44 mill revenue.and $24 mill cash inflow for the qtr
Miton been selling, now done should be let go now
Isnt the extra interest 8.5% of 30% of 21 mill, so only 535,000