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Wire card exposure?
Seems like this is more of a preparation than anything else - price trickled down to have a shake out through the week, full contract expected early July, so time for the big boys to take speculative positions now. Only proviso on that is that there is another east coast jacket tender out, and the grapevine may say we may have some of that.
Different opinions from as many folk as you ask.
Being open, I am a long term trader if LAM and its served me well over the years, so I follow it closely. I've actually been out for over a year until the recent drop. Although my instincts were that it was in bargain territory, I had a nagging doubt that there was something not being disclosed (history tells me that Steve is not always forthcoming with timely bad news!), so didn't jump in. I can't find any reason for the drop, other than general Covid malaise and oil price crash. Hopefully EA1 has been a learning experience, so future jackets will be priced to profit levels, so on balance it was a bargain at 7-9p range, and is still a good buy at less than 40p. Don't see much higher than that, may touch 60p but that will be a definite sell for me!
GLA
I can't provide any info, but have a look at Total and EDF commentary on the plans for Seaway and NnG if you want indications as to the size of North Sea jacket contracts.
Nah, Carribean - down to Canaries / Cape Verde, then a nice crossing with the trades, should be under control by the time you arrive!
Don't think that SA Govt has the funds to bail us out. Perhaps measures like the UK initially announced - employment tax rebates, suspension of operating taxes - may help us get through the next month, then what? The resource is valuable even at deflated diamond prices, it's a case of whether we can hold on by the fingertips long enough to weather the storm, and at present, that looks unlikely without help from the lenders. What are the thoughts on them doing that - can we get a loan rep suspension / restructure in order to pay them back something rather than nothing?
I don't often wade in, but if Fosun take 75% and creditors 25% in the tour operator, and vice-versa in the airline, then it doesn't leave much left for shareholders - not even 1p?
Good sentiment, I'm in the same place, although I've held solg for a number of years already and planned to hold until production. Good to know that FSCS is in place, so cash up to 65k is covered too.
Sit tight and try not to worry!
Svs were guilty of flogging their own shares, not of account violation. The shares are owned by the customer, and any float is in segregated client accounts that can't be touched by the company or its creditors. However, it's likely to take months to be able to access / trade anything again. I had my ISA there which has other implications as I can't have another this tax year, and not sure about whether it will be transferable without a tax hit down the line :(
Time for a clean start at IG!
or it could continue with past form and completely tank, take your pick!
Second that - I think that they should just give each of us long-term shareholders one of the 100plus carat monsters that they find, instead of the divi :)
only 600%? I was one of the mugs that bought in at the last share issue, so still need 900% plus :(
However, long term hold, I've not changed my mind about the resources, just wish the management would do something with it!
Sold - I've lost enough here already, and I don't see any scenario now where the shares will give anything back after mid January. Not the best Christmas present ever from these guys!
I'm swayed a little that way too. Average buy price is around 14p, but that was old money, so £1.40 now, which is not at all healthy! This did jump back up to over £1 not too long ago when we were in similarly dire straights, so it could happen again, but I am less hopeful this time - the fundamentals are a little bit shaky just now!
Hmmm. The crazy speculative part of me says buy - there is no real gain for the creditors in allowing insolvency to occur, as unless they decide to take control, they are the big losers. On the other hand, its BF and logic won't necessarily prevail.
Good luck with that one - managed to get a small handful filled this week, but it took three days - don't seem to be a lot of willing sellers out there. Fingers crossed we're heading north again once the statement is published.
I see prices quoted here again, are LSE jumping the gun, or have we been re-admitted (or unsuspended, whatever the word may be!)? Probably not a popular call, but it looks to me as if we may be starting to turn a corner at last.
I think someone's watching me and laughing, guess the RNS tells as much as can be told!
Anyone got any idea when or if this will start trading again? Folk seem to be getting behind Gold again, which is not too surprising given the political climate, if that carries on then we should start to see some margin on this mine, particularly if the creditors are starting to cheer up!