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Mr A, I do hope it is sooner then that ! I want to get back to the good old £1.90 fence we loved 12 months ago. I beleive the buy backs will continue next February and whilst we have a long way to go to get back to the pre-crash share volume of 8 billion, they must start having an effect soon. This share does offer trading opportunities and I am tempted to sell a chunk of my holding at about 1.75 or so.
Crunchy, Thank you for your research. There will need to be an awful lot of buy backs to get anywhere near the 2009 level of shares.
Mr Wolf, I feel for you with shares purchased at £5.10, if only they could be blue again !
Interesting and possibly too hopeful a price target of 250p. I think our dividend will be 2.5p and I would like to see a continuance of the buy-backs to take our shares in issue below 16 billion.
Does anyone know how many shares were in issue prior to the Qatari rescue ?
Well I did not think we would see the SP this low, ever. I appreciate all the positive evaluations and predictions by seasoned LTHs. My fear and perhaps this is borne out by the wider market is that CB's comments can also be interpreted along the lines of, we do not have 2mt of feasible copper at BR and Ascot is not proving to be low on copper, only off-set by a small amount of gold. I would hate for attention and hope to now switch to Footrot without BR and Ascot being clarified. I am pleased we are nearing full scale production at Manica and look forward to Eureka in Q3, albeit this is once again a CB time scale.
Is it too early to start predicting the interim dividend and results ? Will it be 2.5 p ? Will the buy-back be extended ?
I wonder when we will get eh Q2 alluvial results ?
Jamie/Andrew. That is my point. For the avoidance of doubt and the improvement in credibility, they should fix dates and stick to them come what may. How on earth do they expect investors to take them seriously when results are advanced or delayed dependent on their quality and other news that can be released either to be hidden by them or to hide them.
These are a touch late I think. There could be good reasons for this but would it not be better, for confidence and credibility, to publish such dates in advance in a similar manner to quarterly results ? That way speculation around reasons for delay, both good and bad, would be avoided.
I hope we get an update on when the buy-backs will start up next week. Now is the perfect time to but given the recent sale or off course, increase bonuses.
So what shall we see this week ? The opening of Fairbride ? The completion of the survey ? More drill results ? More assays ? or a series of small drops back to 6.00 ? I hope for the first two.
For once the market actually likes a positive RNS. This normally falls on good news.
Now tat my rant is over, I have just invested my dividends in a bank with a blue bird as it's badge. Stupidity cannot be ruled out
At least the buy backs , if they start immediately, will delete more shares at this price. The bigger challenge is strategic, how do you convince people of a change in culture? This error simply should not have occurred. The bank needs to come out publicly and state what is being done to correct these errors and how this change in culture will be evidenced. The Investment arm is of prime value to this bank and needs to be treasured, not run like some back street Las Vegas high roller casino. The bank and the CEO need to come out in state what they intend to do to protect shareholder value, not bonuses. Rant over.
Mr A, I like others on here are sorry for the loss of your mother. Dementia is a hard challenge for all, having been through it myself with my grandmother and mother, sadly you will soon become an expert at phrases such as 'needs assessments' and 'care plans.' Take each new challenge as it comes and remember, there is no hurry, concentrate on getting it right first time as there is a lot of bureaucracy out there.
I agree, there is no way we are going to be anywhere close to a deal if we are still scoping out the product, who would negotiate under such terms either as a buyer or a seller ? Perhaps that explains the recent slide in SP as the market has sussed out that once timescales are off and we are once again waiting on 'jam tomorrow.'
I think investors are nervous. We need a steady flow of news to keep morale high otherwise fears of 'same old CB' arise. Updates on drill and assay results are overdue and the closer we get to April without any positive signs, the worse it will be. The last set of drill results at the edge of the pit were fair enough, all pits end somewhere but there are still a lot of unknowns out there. A nice update on all the African projects would not go amiss now if they cannot release Australian results due to negotiations.
I like the rise we have seen over the last week or so, we just need some more news to sustain it, come on Colin, lets have an RNS on assays, new porphyries and of course, Africa.
I doubt he would be an individual holding shares and voting rights for others under his own name, that would not meet professional standards for anyone involved in the finance industry (think of the potential for laundering and ponzi schemes)
This will be a private investor, the good news is that if he is prepared to put his own money in, he may well be advising his private clients to do the same.
I do hope we can finally break out of the 5.9p ceiling, otherwise we just face another few weeks of slow decline. The latest news is excellent btw. As for the future of this company, I hope for a good sale and then the money used, not for dividends but for a round of mergers, acquisitions and portfolio expansions. All big companies start somewhere.
Definitely a 4p dividend, but perhaps only 1p special dividend and yes more buybacks