Member Info for etetettetete

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!

What is the point of centamin? A whole load of gold in the ground, a big fat dividend and $300m in the bank - right? The fact that the price has stagnated is just lovely as far as I'm concerned.

Good entry opportunity here I think, I have increased my position.

Grasshoppers, read the latest RNS.

Halfords has now shown it has a very resilent business model for the current environment, is benefiting from a significant upsurge in demand for its products, pumping out healthy profits, and all while trading at a very low multiple.

Some interesting commends from Barrick's Ceo in an interview on Bloomberg today:

https://www.youtube.com/watch?v=3JvN_kOftjo

I think the issue is that we are seeing a "melt up" in markets rather than a melt down, due to all of the currency being printed - he describes this very cleraly in his book - a similar situation to what was experienced in the 70s.

There is also the possibility of renewed monetary demand for silver - I'd recommend reading Ray Dalio's book "The Changing World Order" which is free online - it discusses the rise and decline of empires over the last 500 years, the long term debt cycle and moves from hard to fiat currency and vice versa over multi-generational periods.

Directors of cornerstone throwing a bit of a hissy fit? lol

Yeah this is very oversold and significantly undervalued at present - good opportunity to average in.

Looks like the board has just made two great appointments moving us towards development - Newcrest expertise no longer required!

I just cannot see a reasonable justification for WIZZ being worth more now than it was a year ago, given the change in industry and the economy. I'm not convinced we've seen the bottum yet, so I've sold out my position at a small profit, I will wait it out now and see how the recovery goes.

Probably correct I must have misheard.