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The 3 directors buys was good enough for me. Sadly I did not get the same price. I will add as the price rises.
The new high yield bonds are not convertible.
Myo, another quote from the book
" when you find a good idea, buy enough of it to make a difference. Diversifying away risk also means diversifying away profit"
I am here until production and then I will decide what to do. We just need to get the bonds away and perhaps I will be able to sleep at night.
FFC, it never got to twice my average either but it did for some of my cheaper buys and with 20-20 heign sight I could have had a lot more shares. The decision I need to find within myself is what will the dividend in 7 to 10 years time be and what to keep as I need to diversify at some point. 100% in here at the moment.
I think the arrival of the SBR should be a great day for the SP, I thought the start of the tunnel should have done the same but that did not really happen and no video of the hoist equipment being installed I believe that was a missed opportunity for some PR.
Fred, there was a book mentioned a few weeks back called "Free Capital" worth a read regarding top slicing and one quote I wish I did "when the price doubles sell half"
When the SP drops some presume that there is bad news and someone has insider knowledge and are unloading for the drop. What does this board make of the rise this week and the volume we have seen today.
This was before my time in this share, can someone post a short history of this. Cheers
plus 2m @ 15.55
Is that FOMO or someone closing there short.
LITC, I hope that they will out perform or even just achieve something on time the odds of that happening must be getting shorter based on the law of averages. I expect them to go on the last day at 15% and they will pretend it was a good deal due to market conditions. Who is kidding who.
End of September we should get the half year results. I guess we should have a clue from the market if the SP goes up in the next two months or if the shorts increase.
So I guess the next quarterly update will provide us with details of where we are with the bonds. What are the chances of it being all done and dusted for then I expect more of the same crap from the BOD "talks are ongoing/we are just about there" jury out for the moment.
Myosotis, I do not see the spoil from drive 3 making it to Wilton as that would require the completion of the tunnel and we would be busy fitting it out with the final conveyor system etc and due to lorry restrictions and probably cost it will not be transported. If drive 1 gets to Lockwood Becks quickly and becomes drive two I can see that working unless the plan was to isolate and fit out drive 1 while drive 2 and 3 were serviced with segments by lorry. I believe drive 3 was going to be by lorry anyway.
I did not appreciate that we would be sending it to landfill, but if we could get them to pay for the transport costs for collecting it and perhaps a small cost per ton that would be good.
M&E Cad Manager for a Construction company.
John, you need to let the buys v sells thing go. You talk about it every day even though you know the buy or sell could actually be wrong. You know it is for your own good as the SP will go where it goes.
14.92 -0.10 (0.67%)
Also a BBC article
https://www.bbc.co.uk/news/business-48853217
Myo, I thought it would be kept as an emergency back-up for the mine, but I can't decide if I read that somewhere or is that just my logic from a N+1 basis.