Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
set of results, £8 is fair value. II's pushed that up v quickly. back to slowly slowly now.
highs hit everyday, no sign of froth or letup in sight. let's see what the market thinks when SHB hit the psychological £8.
Yes the move has and will be seen in a positive light. Nice to see it moving back to the 3 - 3.5p range. Let's see what December holds in store. Remember that although they bought a controlling stake in HMB at 2p they did effectively finance this with a converted 3p loan. This is a buy anything at or below 3p IMO. Was surprising to see it drop to 2.20p recently, although a (very) delayed CPR is perhaps a justifiable cause.
interesting turn of events... premature? cheaper finance? pre-requisite to list elsewhere? were they so dumb-founded by the anti-climatic effect the CPR had on the SP, they had a fuk-this-**** moment? hehe
USD 70M estimated earnings next year. IRR 64% 2015 the year for GBGR - i see this re-rating, but I think it will happen in the space of a few days. A sustained movement in POG back to fair value ($1500) which should happen end of next year will make big smiles all round. Happy to hold for now.
but lost interest when ppl bought this past 20p. all a bit hypothetical right now, but let's see what the gold price does next year...
for CPR whilst SP and gold in general plunges. Holding tight.
SP drifting down bad. let's see if there is a seller in the background in the coming days.
thanks GBGR, everything looks good. Looks like some fat intercepts. CPR is probably going to be a pleasant surprise.
do ppl interpret these latest results negatively. is 2 months too long to wait for the CPR? i understand things happen slowly in GBGR, is it just a case of better opportunities, or are those chunky sells a case of fundamental misgivings about the future of GBGR? POG dipping, but that has negligible impact on us.
than projected sales decline. Sain's don't see the long term downtrend that Kantor is suggesting. They are demonstrating excellent level headedness and continuing with their expansion plans like BAU. We have had (and still having) a remarkedly good summer this year and everybody is going away for holidays. ALL supermarkets are experiencing abnormally low trading activity - shorters and the like are reading far too much into this blip. By Xmas everybody is going to be scratching their heads thinking 'what was that all about'? Very tempted to top-up today - but I suspect the SP is still going to suffer aftershocks from today's RNS. Most likely a mini rounding top will play out in today's trading session... hold or stay at cash. IMHO.
bumping along accumulation zone, going to hazard a stab in the dark and say our next holistic short term target is 4.5p with CPR or roughly £100M MCAP? Is that unreasonable??
is that the CPR will come out at just over 6M oz... they neglected to RNS these 7 new DD results because they were over optimistic, and quietly did some more targeted drilling when Venmyn told them the estimates were out. Question is will investors bite in Q4 when the CPR does come out? Or will there be a run-up and then dumped on news day?
the JORC compliant CPR will be recognized as intangible assets in H1 2015 interim statement? Currently trading at a $30M premium to NAV until that happens. Management are demonstrating exemplary prudence with current cash flow and cost containment, wondering how they will fair when those cash flows increase substantially with the U/G mine. Either the CPR is going to come out at more than the 6M oz internal management estimates or they were over-optimistic in their estimation and have included these 7 new DD holes to top up their estimates. The shaft isn't planned to those drill depths yet? They would have to dig a deeper shaft to get to the same oz - increasing their cash costs per oz overall?? In any event, a considerably productive first half by any measure. Now if I can just find the patience to leave this in the bottom drawer for the next 3/4 years, we'll all be many multiples ahead.
I am betting the shorters have it wrong wrt to any upcoming profit warnings at Sains. Fundamentally Sains have huge brand loyalty, an ubiquitous loyalty card and excellent middle class product placement. Comparisons to competing supermarket brands are frankly misguided (or deliberately so). RSI is looking hugely oversold. PE ratio in acceptable range even in today's bull markets. Personally I do need to balance my portfolio with more FTSE dividend yielding stocks and today has presented just such an opportunity to buy into Sains. Very happy with this average. Yours truly, Long time Sains shopper :D
Is the CPR dissapointing and they letting the big II's unload first? My idle mind is starting to wander... SP dropping due to T20 close outs? One thing for sure, we're only a passing nod to their daily grind.
all is still dead with this share a year on. recruiting yet more bodies to the tea party. death by a thousand cuts?
if anyone attends the AGM today, could they kindly share their experience on this BB? Thanks so much.