RE: RE: The decline in the share is ver13 Nov 2017 23:59
Hi Cat. I said when the SP was higher that there were no near term drivers to give the SP a boost. The issue is we don't even have stability. At the various agms we were told that the market is out of sync with the value of the company. They probably meant to the downside.
There is no hope of the board stepping into the market. I think they feel taking the dividend as a scrip was a sufficient show of faith and of course they do have a large holding- never once purchased in the open market!- which means they believe they share our pain.
I lile your optimism Cats but q2 production figures are 7 months away and given the current trajectory of the SP there may not be much left to be optimistic about. But hey the market is still out of sync with the Sp here we will be told.
What price will the company start buying shsres back at? 7p?6p? 5p?