Am I wrong in thinking that the original tax bill was £13m? I wonder where the new figures came from nearer to £2m? Clearly if this is true then the original calculation was wrong by the tax authorities. The new figure even if it eventually goes against us, is certainly not company threatening, the closer we get to production.
I think that Copper sentiment will change in a couple of months when the CCP confirms Xi as leader for a third term. China will declare "victory" over covid and drop their zero covid policy once he is in place.
At that point the inevitable need for copper will be back and the share price will respond.
If you are looking for immediate gains, stay away, but on a 5year view point, ATYM I think is a great buy.
Copper hit $3.31 this week a low, but has rebounded and climbing to $3.54 - some 7%. We all know that the world copper demand has to be significantly higher to go Green and the high oil prices will help this. UK announced today another 11Gwh of offshore wind power with the turbines and the cable linkage, this is more demand. I would think on a 2 year view this is a really good buy in price.
RE: Fantastic opportunity at these proce- lots of positive in the pipeline27 Jun 2022 14:03
If I remember the Net Asset value around the end of March was over 15p per share. If you look at the rate the portfolio gets revalued, then I would not be surprised if you were buying at or even below NAV per share at the moment. It would only take an IPO of one of the portfolio ......
Has anyone any idea what is going on with these larger trades today. Placed well above the spread, them immediately cancelled. Then placed again. I can understand one fat finger trade but more than one?
There has certainly been some volume spikes over the last week or so. The SP has held up remarkably if these were all sells - there again if they are buys, are they holding the SP to get the volume wanted to fill the order?
Please read my post, it is not my opinion, it is that of Stockopedia. However, I also do believe that this is the basement level for Sound and that value will emerge. Key would be the tax issue being dealt with.
If I want a dividend paying resource company with good prospects I will buy one. I have bought ATYM which has grown its share price and has just started paying a good dividend, it is also a play on Copper. However, for me JLP is only about the Share price gain, hopefully in 2 0r 3 years this will be above the 50p level if not greatly more.