Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
We have risen approx 8% in the last 3 months and are now riding high. Enjoying one of my few successes in the last year.
http://www.thevistavoice.org/2016/03/24/legal-general-group-plc-lgen-coverage-initiated-at-bnp-paribas/983414/ Brokers rate us generally as a buy. I know the FTSE is down today, but this is down double that?
Suspension tomorrow and no more trading on LSE. Smidsy, Robsky from the MAGP crew and all those others here from the early days: our boys have taken a hell of a beating but we are holding on for the Canadian $1 party. I have traded this a few times but kept a core holding since day 1 on AIM. Even tried to buy half a million at less than the 0.19 going rate at the bell but the mms were not having it. Perhaps this board will remain open for some time yet. Asta la vista guys.
Not sure what you mean about accounts GC. Dec 2015 figures released at end of last month and available to all at seDar dot com.
The only bb over there I have seen is that mentioned by smidsy earlier; Stockhouse. http://www.stockhouse.com/companies/quote/v.ede/edge-resources-inc They call their bulletin board 'the bullboard' - which I think is highly appropriate in many cases.
Morning belgrano, Also with Barx and had the same info as you on the phone this morning. Not an ideal situation; with shares now worth so little it seems hardly worth selling and buying later on TSX and incurring the fees involved. I think I will risk just holding on and trusting they can transfer them. Opening an International Account is free but they charge a 1.5% commission on top of the trading fee.
Smidsy, Good afternoon (or perhaps not lol). You did not reply to Robsky asking which broker would charge for managing the Canadian shares. I have not rung mine yet, thought I would wait until after the weekend. If it is £100 per year then my shares once worth tens of thousands and now only hundreds would be hardly worth keeping. GL anyway.
25 Feb saw another dividend under the belt. SP dropped 2.2p, slightly more than the 1.86p divi. I read the update as a little downbeat but this firm does not blow its own trumpet that much. Nothing wrong with the following: "The portfolio continues to perform well from an operational standpoint. Cash generation from the projects remains broadly in line with full year expectations and the Board re-affirms the target dividend per share of 7.45p for the current financial year and 7.60p for the financial year ending 2017."
Rock solid here. Still about the same price as this time last year and good dividend to boot. Not many can say the same.
Well LSE had only half a dozen trades totalling less than 3 grand, so I don't think so. Come on Brad.
3.71p just paid.
Morning Smids, I am clueless on accounting but the figures show a terrific effort of cost reduction. When the average price of your chief product declines by 58% in the period it is hardly surprising that the results do not look good. The clause about "senior debt to cash flow ratio" not being met presumably means a renegotiation with the bank which may restrict the possibilities of acquisitions which Brad wants to make. The mms contribution by knocking nearly an eighth off the sp when there is only 1 trade of £800 is a joke. I will be holding; what do others think?
Ex-div today. 1.86p per share (again) to be paid on 31 December - luvverly jubbly. This solid outfit giving 5%-ish per year seems to attract little attention; just gets on with the job. SP dropped by almost exactly the dividend from 153.9 to 152p, which of course it should do theoretically. Anything above a 152.04 close tonight will do nicely.
Morning anyone, Have not looked at our sp for a while, so although the volume is low I cannot see one single sell trade for 2 weeks. Huzzah! That must surely be some kind of a record on here. Hang on guys while 'the quiet one' does the business.
Placings at a premium are fairly rare but they do happen. Here is one at 17% above sp: http://www.lse.co.uk/share-regulatory-news.asp?shareprice=SUMM&ArticleCode=zp9zfa8s&ArticleHeadline=Placing_to_Raise_GBP45M_and_Offer_for_Subscription_to_Qualifying_Shareholders
"Pascal Soriot, a Director of the Company, notified us that, on 25 August 2015, he purchased 76,300 AstraZeneca PLC Ordinary Shares of $0.25 each at a price of 3960 pence per share . . . . . Mr Soriot intends to gift the shares to family members." £3million; big vote of confidence and one hell of a gift!
It is bad enough the SP dropping without LSE making it worse. I contacted admin at noon: Both yourselves and Barclays Stockbrokers are showing the Bid as 3.27p and Ask as 4.0p Therefore SP should be about 3.64 - you are showing the SP as the same as the Bid. You are showing last night's close as 3.625p, therefore it has risen not fallen 9% Hope that helps" reply from admin: "Thanks for your reply. I have raised the issue with our technical team and asked them to get in contact with our third party data supplier. It's unusual that we're showing the same percentage change as various other websites are. It could be that there is an issue with the third party data suppliers data. We don't alter or change our prices as they come direct from the stock exchange." Andrew (Drew57)
Dividend is 1.86 pence; sp seems to have settled at about 151.6 which is 1.2p down. Reasonable result; in effect a rise.
Only share in my portfolio not down in the bloodbath again today. Probably only because there are no trades, so nobody touch any buttons then at least I will still have one tonight.