Member Info for Everopeful

Certainly puts him in a good position to make a bid if that’s what he’s thinking.

Nope he appears still to have his bonds. The 300mm share he held through financial instruments appeared to be those owned by VTB BANK. He appears to have bought them back from the bank . No change in his overall voting rights.

Agreed RB it always seemed to be the case that the 300mm shares held through financial instruments were VTBs. It seems significant to me that the purchase has now been made and with all the recent stake building of various shareholders a cheap bid opportunity may present itself.

Aeon seems to have bought VTB banks share which gives Aeon over 22% of the company with more to come from the convertible bond. Not far off having to make a bid. Let’s see what the shares do tomorrow , hopefully POG not going to be bought on the cheap.

I’ve fallen for the RNS. Been out of Hur for a while licking my wounds from the losses. Bought back in today on renewed hope that potential can be fulfilled. Looking forward to the daily ship movement reports and technical debates etc.

Given the acute interest in POG and the way the shares have been going over recent weeks. Be careful about setting your stop loss orders. I suspect the 5% drop from 19 p was orchestrated to shake the tree and get some unsuspecting punters to trigger stop loss orders and release some shares back to the market. They did it with ITM last week and the sudden drop meant lots of new shareholder unexpectedly found they had sold Their new purchase at a loss before they knew anything about it.

Just bitten the bullet and cleared out my duff shares (mainly HUR) and added another 100k shares in POG.Need to get to 42p to recover losses on duffers. I am hopeful.

I would love it if someone could explain what’s going on here? If I read the RNS right Norge bank has allowed a shorter access to another 1.6%. Someone, presumably the shorter, is desperate to keep the share below 13p so has set the auto bot to sell. However, no matter how many are sold instead of going down the price remains 13p. Why and how ? This doesn’t seem like a free market, but blatant market manipulation.

Hope this does the same for CWR share price as LINDE buy in did for ITM.

Time for our shorter to get selling if this is to remain below 13p. Hope he’s had enough.

And ITM are there to provide the hydrogen fuel stations. Great time to get in as a long term holder I think.

I fear a skeleton from the closet is about to appear.

Who else apart from ITM and NEL makes industrial sized PEM electrolysers in Europe?

I have had some further thoughts on resumption of dividend.... A 1 cent divi payable in April will cost $33m. This should be affordable given Q1 production of 150k oz at sales of $1500per oz and TCC $800 per oz generates over $100m free cash in the quarter. Add that to the cash generated from Q4 operations and you have more than enough to cover interest, declared planned capex and this $53.5m Temi acquisition in may.
The advantages of this might be ......The mass shareholders start to get some income and those nursing capital losses might feel more on a par with the convertible bond holders. The convertible bond holders may be encouraged to convert, as 1 cent per share divi returns nearly 10% on their conversion price an increase on the 8% bond rate. If all goes well over time and dividends increase all bond holders will convert reducing debt by $100m. Finally I think with the resumption of a divi the share price may boost 4or5 p and discourage the current bond holder who seems to be shorting the stock. Everyone is a winner as far as I can see. Where have I gone wrong?

I’m inclined to agree with RB. Think a nominal dividend would send a positive message.

Cant find any commitment to use free cash to pay down debt either. Only target I see is nett debt to EBITDA of 2x which is achievable in 2020 given the company implied TCC AND 2020 production hints. Personally I think they will leave debt alone and just refinance it when due. Leaving surplus cash to pursue board projects. Hopefully more profitable to shareholders than buying helicopters.

Given the company is making lots of noise about the successful turnaround (presumably to be confirmed by Q4 production numbers in a few weeks). I have seen no hint in company statements about dividend policy. Have I missed something? 1cent dividend would only cost $33m. Any views?

About time too. Good sign

They put 2018 full year production RNS on 23rd Jan 2019. You can see it yourself if you click Live RNS button above??

The good news is that whilst every other share in my portfolio is down by an average of 3% POG IS UP 1% despite Boris and the shorter.