Its not the copper or the mine that's the problem. Its Russia (worst political situation in the world) and the fact that you would need c£5.5b capex. Crazy decision to buy this asset IMO. Forget the divi as well for rest of foreseeable future. Really pi**ed off with the board.
Agree Mojo - Not in any rush to buy! At the highest these are worth about 15p and no more. This is a good day if you are a day trader but for LTH its so painful. All in my opinion of course.
Foxtons are debt free, of course market would favor them currently vs. CWD. We have £200m of debt and a messy business atm. Keeping a close eye for next couple of days as and when solution to the massive debt pile is announced!
I am fearful of placing shares coming into the market tomorrow so have sold this morning first thing. I will wait on the sidelines for now, good luck whatever you do! This one has exciting future IMO.
dusterinmong - your name and number of posts to date suggests you only have one purpose, which is to deramp MATD. For that reason, everyone should ignore and filter you. You have no place in society let alone this board.
Really surprised that even after a transformational deal...SP is this low!! AIM is a weird world...companies do placing to secure finance...sp goes down...they do a farm out, sp goes down still!
I am in a few at this ridiculous price.
Well, my fear is SP will be stagnated around 2.20-2.40p and wont go higher. Why wouldn't you sell if you had 100 mil + 250 mil shares at SP above 2.40p, for example?