Member Info for Jack1988

interesting drop on known news, as expected though. bit of a **** show currently. the risk of investing in africa when binary hurdles still need to be cleared.

What’s the significance here?

“The FCF of $30.0 million has been used as the basis of the interim dividend for the current period and the Board has agreed a payout of approximately 70%. This has resulted in the Board declaring an interim dividend of 9 pence per Ordinary Share.”

Apologies for my 666th post putting a curse on :-)

FCF of $30m = £24.59m at todays exchange, was less a few months ago in £. Paying 9p = £15.6m = 63.9% of FCF. Which the board stated they were happy to pay above policy of. 30-50% so likely a large reason for share price being where it is, with strong possibility of divi changing. However good to see cash growth on last update.

Anyone tracking the parliament timetable, if any?

I’ve bought more than that today :-) last one at 14.77p probably show as a sell.

What a Christmas gift this could be.

Real spread for 50k is basically nothing 13.15/13.2

Big year coming up for this company.

Incoming Gov will get the ball rolling on the mine, terms may be changed, who knows. A lot of downside priced in currently.

Price will change sharply on any sniff of Ratifaction being struck.

GLA after a horrendous 2024 price wise…

Are you voting against?

Post raise is always a good time to enter a pre-revenue play aswell. That’s usually the biggest risk for retail. I’ve re-entered. Political risk remains, obviously.

I feel the price has baked in rat next year, therefore the curveball of it being announced in the coming days would be springload. At these prices 12.2p to buy, seems like good Risk/Reward.

Previous valuations are yesterday’s news in the lithium boom era. It may come back. It may not. That’s the reality at current prices. Forecasts are rarely true for 12 month projections never mind 2-3+ years.

Seemingly them taking more on placing, is evidence. Can now buy at 11.4p…

Can buy at placing price pretty much now. 11.738p. The risk is real for ASSORE getting this on the cheap in my opinion. So many cases where the big miner rinses the little entity. Good balance sheet to last a good few month more now though, which will HOPEFULLY see Ratifaction. I believed MIIF coming on board was the green light for all, I was clearly wrong. So you think is certain is not.

Chunky £74k/500k buy near close. Bodes well

That’s more like it. Moving up on a bit of volume. Taken positions for next weeks potential Ratifaction. Good to see.

16.8p buyer. Taken advantage of the market wide drop today. Fortunately having cash on the side, must be a lot of recent sellers with cash on the side here too. Ratifaction next month, re-rate guaranteed from these prices.

Stop with the hysteria, tomorrow, next month is September. A Monty here or there is nothing in the mining world. I’ve taken it as a great opportunity. See you next year.

*pack not ouch !