Member Info for dictumdedicto

I'm not convinced. I had this as a (relatively small) part of what I considered a fairly safe part of my portfolio, purely for dividends. I can get better capital growth prospects elsewhere but I want dividend payers in my SIPP so I'm out. As for recovery, it's better to wait for a few days if you are in for the medium/long term. The market as often takes a second bite the following day as much as stages a bounce-back.

I won't be back until the yields look convincing and the cover is robust, which is probably a couple of years away.

What if the SP stays at these levels until an asset sale announcement is made? It’s quite possible that further dilution via options warrants will be severely limited, leaving a value per share much higher than currently expected. After a sale announcement the SP would shoot up but the backdrop would be more than a few investors selling against it rather than waiting for a distribution, perhaps more so if the transaction is in paper. On a personal basis I would like a bit of both, cash dividend and some capital sale.

Thoughts anyone?

Anyone got any updates on what the timeline is likely to be. I seems to recall talk a first round then a BAFO (best and final offer) round but it's a bit woolly on how this will unfold, especially the expected timeline.

I'll add another.

Condor won't receive cash. The assets will be paid for in paper (i.e. via shares in a third party.

Will retain some cash for another project.

A mix of dividends and own share purchase.

By purchase of own shares.

Entirely by dividends.

I'll try another via the tick box exercise.

Once Condor has raised the cash it will distribute the proceeds as follows:

- Entirely by dividends
- By purchase of own shares
- A mix of the two
- Will retain some for another project

As before tick the box and/or suggest another option.

I guess those who are interested have now already ticked the box so here's the summary. As expressed in SP terms this is what people think:

< 35p - 1
35p - 45p - 2
46p - 55p - 13
56p - 65p - 7
66p - 75p - 2
76p + 4

(30p x 1)+(40p x 2)+(50p x 13)+(60p x 7)+(70p x 2)+(80p x 4) /29 = c.56.55p.

.5655p x 220m (I'll assume some further limited dilution via options\warrants) = c.124.4m or c$148m. You can obviously play with the equity base to come up with a number.

I know it's a bit of a nonsense but it's still a bit of fun. Still, a bid value around that number would not be a total surprise; it's at the bottom end of my own range expectation.

Below 35p.

I thought 35p to 45p was pessimistic but I suppose anything is possible in today’s wacky world.

I’ll be going for strong dividend payers once I’m out of this. I’ve still got a bit of fun money in Rockhopper which I’ll keep as a possible turnaround play.

For the record I'm still sitting in the 56p - 65p range.

76p+

66p - 75p

56p - 65p

46p - 55p

35p - 45p

I'm curious as to what people think will be the value of the bid(s) as expressed in SP terms. I'll post a series of bands as follows:

35p - 45p
46p - 55p
56p - 65p
66p - 75p
76p+

Please tick 'recommend' against the level you think we will reach.

Gold at around $1860 is off to a good start for the year (though expect the usual monkey hammer when NY opens). With inflation likely to remain a theme throughout 2023 I'm expecting it to remain strong, possibly hitting $2000 again. I'm guessing buyers of CNR will factor this into any bid level decision.