The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Https://www.reuters.com/world/africa/sibanye-says-still-race-zambias-mopani-copper-mine-assets-2023-08-29/
The competitive process is still ongoing, It says here that Sibanye will bring in a Chinese Partner (JV) if successful.
An insightful commentary here on Slater investments website (the latest grwoth fund interim report) i.e. falling commodity prices are responsible for the fall as well as execution issue (which are hopefully in the past). In respect to the Northern strategy it says the funders (the banks)were awaiting lab results on the northern tailings before funding expansion (the northern tailings are different from the South). My understanding from the latest news is that these technical issues have been resolved ( I stand to be corrected) . Further it suggests further expansion is fully funded and will not be from capital dilution.
https://slaterinvestments.com/wp-content/uploads/2018/12/Slater-Growth-Fund-Interim-Report-2023-Final.pdf
HTTps://twitter.com/Jubilee_Metals/status/1694239282280481046
CEO, Leon Coetzer, talks to Phil Carroll and Kevin Hornsby regarding the Company's recent news and its South African and Zambian progress.
Those who got the company into this mess I.e. rmm management have absolutely no control over the process. The decisions are taken by the secured creditors..
Follow the smart money and ignore the traders and rampers. They bought their assets from distressed sellers and they gave refinanced and reduced the dividend so they are not themselves at risk of being a distressed seller - any deal/ purchase would have to be a gift horse.
They cant buck the market - much depends on rsing OG prices. But they didnt appreciate the implicaitons of an amortised loan to the monthly dividend. But it is what it is - and no use complaining as it aint coming back. Quarterly though are on the way and potentially buy backs.
It’s nonsense
I can appreciate the reduction in the dividend as this is directly linked to the price of oil.
I would prefer monthly dividends as this was a point of difference/supported the share price.
I
Don’t quite understand the talk about acquisitions unless on very advantageous terms as they already gave enough opportunities they can’t afford to drill
Owing to lack of capital
Funds or becuase not profitable atm.
Best just be patient and value will
Out.
But inertia is not a great narrative and does not
Boost the sP ?
That would be excellent- but the issue is about delivery and the bottom line - if the investments turn into significant and growing profits I would like to see dividends which support the share price. It worked for I3E plc
You should join discord
Thanks Leah for your support