ninja... yes a div is coming but not it may not be next year. FM has not said one will be paid next year. He has said they will review free cash and investment need annually and then come to a decision.
Personally I think it unlikely next year .. still far too much future investment needed. A small special would be peanuts but not sure it is in our best interests.. I am looking gorward to divs of 10p+ as the future vfrb rental streams come in....
plenty of PI's have been mugged using a stop loss . Alfa did some very detailed analysis when he was doing a daily breakdown (all on TBP) that clearly showed MM's would drop a price for a few seconds to trigger a stop loss.
fair point @poortrader ... still .. show me any company on AIM making more free cash right now and even without Vanchem pretty well guaranteed to keep making a large margin (everything refined can be sold several times over) ...
It is a disappointment that we are not much higher, but I for one am not selling a share any time soon
interesting final para : "A source close to the process told Rapport that the World Bank realised that Eskom’s recovery was in everyone’s best interest and that it would not yank the rug from under Eskom’s feet."
Since the environmental studies in the locations and elements that go with that are not in Eskom's control, I suspect they will give as much leeway as needed ... but can't help getting the feeling the WB is putting a bit of pressure on Ramaphosa ... get it sorted and get cracking .... it is essentially free money that Eskom and SA desperately need to stabilise and turn Eskom round...
RE: Turn off renewables to avoid power cuts!19 Aug 2019 11:06
good article Alfa .. very similar to many sets that reduce volatility as scale goes up. Portfolio theory is partly based on the maths derived after the 1929 crash and is used by scoundrels in pin stripped suits quaffing Bolly to tell unsuspecting PI's how good they are
RE: A positive view without apology !!!17 Aug 2019 11:49
Well put Pdub ... only point I might observe about AIM liking profit ... very well true ... but AIM have not noticed Bushy's profit so far ... only a matter of time.
But I do rather agree, that Vanchem is huge key to de-risking. Mokopane unless there is an immediate offtake plan will have little impact for some time IMO. Increasing output and broadening the available vandium products will