Member Info for Fishysaurus

All my shares have gone up rather nicely today, that is all apart from one. I think we all know the one that has bucked the trend, this one.

I suspect we have all been caught out on "sure fire" wins before, only to find they are not. At least we have fund holdings like Slater and Marlborough backing our call, which gives me a little more reassurance. They don't look as though they have cold feet whilst the SP has been eroding.

I am in the position where I can and want to buy more, however I already have so many of them that my portfolio is very unbalanced. Looking at the figures it is clearly massively under priced and has significant multi year growth potential, which is what is driving me to buy even more. Arrrg !

I can't believe the SP here, in view of a near 10% dividend payout.

I wonder if people think with the £ dropping that we have become a juicy takeover target?

They thought it might be all over... it is now

Situation normal, good RNS, SP falls.

MR DC - have I got any shares?

Unfortunately a lot, at higher prices than this. Yes long term this is a winner, but for the next couple of years I think it is going to be tough. I dont know why people think that if you put comments that are not ramps they think you are a shorter?
The company declared that the divi would be based on free cash, so it is only logical that following their guidance we will not get the same level of dividend. I wish that was not so, but people thinking they will get 10-12% at the moment are going to be disappointed.

apart from the fact that the divi will be cut due to lower free cash

Though I hope and believe that is is correct (and logically with electrification it should be), if you look at the forwards copper contracts on the London Metals Exchange, the contract prices for 2023 / 2024 and 2025 are all lower than the current price of Copper. Either someone will make a killing on buying forward at these prices or our hopes are not going to be fulfilled.

It looks like someone has seen the H1 update !

With all these very small trades it almost looks as though someone is trying to walk the price down

Rh might be steady, but nice gains today on Platinum and Palladium

Big drop for what is quite a small volume?

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.

That might have taken a few stop losses out !

Prior to the results?

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 ......