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I see my limit orders in the 120-130 range did not get filled during the gap down at close..
Tripled my holding - not sure they are likely to de-list a UK company just because a % of its assets are in Russia. Let's hope for the best.
Tempted to top up at this level but will not do so until the directors show some confidence by buying themselves.
Excellent results today, as expected.
Char333 you are not really adding anything of interest to this board, please can you pipe down unless you're actually providing some useful analysis?
I think this is just not on many people's radar - strong tailwinds & very attractive earnings.
Book to bill actually declined due to exceptional effect of healthcare in Q1 2020, good update regardless.
I've now exited my entire holding here after 125% gains & lots of regular dividends - a real shame but the downside risk looks too substantial at the moment with the change of administration in the USA. Will buy back in depending on price level if & when the situation stabilizes.
Seems a good buying opportunity here - only thing that has changed is timeline - patience required - I sold half my position after Nick stepped down - I've bought back half of what I sold down today.
Bought into MONY at 250, seems oversold, expanding market, increasing cashflows, affected minimally by Covid, significant upside potential in the medium term & low P/E. Will be expanding my position here if share price remains depressed.
As far as I can see the major differences between SOLG & SXX are the wide variety of market participants willing to put capital at risk providing funding to the SOLG concessions (Franco, BHP, Newcrest, the Chinese), & the very clear market value of the resources discovered compared to SXX. The SOLG resource is far less speculative, the management team is far more experienced at extracting value from potential bidders, & the investment case is far more clear to the most diligent streaming & mining companies worldwide. In addition to this, the potential upside of the unexplored concessions is still significant, SOLG benefits from an expanding market for the resources discovered, and the country in which we are exploring has a clear and well defined interest in working with companies like SOLG to bring these resources to production.
Exactly right Colonel - I think a lot of posters here are confusing a stubborn refusal to compromise on extracting full value for all shareholders (including NM, as this is in his interest), with NM wishing to pursue solo production at all costs. In order to extract full value, NM has to have the strategy in place to go the distance if his bluff is called.
I'm not sure he is accepting he has made mistakes or even that he has - he has had to play hardball with BHP & Newcrest in order to protect shareholder value and retain the takeover premium - for him to hold out an olive branch to them now is by no means an admision of guilt or of any wrong doing, and is eminently sensible. I am happy with the actions of the board at present.
Interesting interview on copper/electrification on Kitco in case of interst:
https://www.youtube.com/watch?v=U7JMamcXZfw&ab_channel=KitcoNEWS
Market won't appreciate the value here until some stability of performance of the management team is apparent (and it becomes more clear that they are working in the best interest of share holders), in this respoect a dividend wouldn't hurt either. I know I have held back from putting more in here for the above reasons.
It'll happen, we've already seen Boris giving major ground in all the key areas which is indicative he believes he cannot survive politically if he fails to come to an agreement. At least he's a marginally better negotiator than Theresa May was.
Redknight SOLG is a speculative exploration company and is not producing any cashflows from its resources - the whole market is in risk off mode today so a decline such as this is not to be unexpected.
Some more info from the statement:
"With the removal of the PRA’s request not to make shareholder distributions, it is for bank boards to determine the appropriate level of distributions. Any distributions should be prudent, reflecting the still elevated levels of economic uncertainty and the need for banks to continue to support households and businesses through the continuing economic disruption, even in the event that this disruption is more prolonged and severe than currently anticipated. As a stepping stone back towards its standard approach to capital-setting and shareholder distributions the PRA therefore asks boards, when making their decisions for 2020 distributions, to operate within a framework of temporary guardrails. The PRA is publishing that framework now in order to give bank boards time to take it into account as they approach those decisions in coming months.
In relation to full-year 2020 results, distributions to ordinary shareholders by large UK banks should not exceed the higher of: 20 basis points of risk-weighted assets as at end-2020; or 25% of cumulative eight-quarter profits covering 2019 and 2020 after deducting prior shareholder distributions over that period.footnote"
Good news! Should see a bump in the share price tomorrow regardless of Brexit negotiations.
Well the letter strategy seems to have worked as it prompted me to take the time to ring up and vote!