Member Info for Joe666

Exactly HaleSpur, the plant may be inactive but the business team won’t be.

An extract from our CEO’s statement:

‘ An important priority is to ensure that the company's cash reserves and facilities available to it are sufficient to not only see it through the lockdown period but ensure a speedy ramp up once it ends.’

He’s not only going to steer us through this crisis but ensure that come out of it with momentum on all fronts. So while I am absolutely gutted to see us at 9p I have complete confidence that our patience will be rewarded. Exciting times ahead GLA

beginerman, these are indeed very bleak times and things will never be the same. There will be businesses that never come back from this and others that will prosper. Every investor need to make their own choices, no one will get it 100% right and only time will tell how well he or she read the situation. My conviction is that with a far enough horizon this share will rebound and fulfil its potential.

even £100 worth, there is no market

Indeed Milkman, and the oil price war won't do any harm to the long-term trend away from western fossil fuel dependence either

All central banks are comitted to propping up the market and putting a floor under this crash. it's not perfect but it will put the brakes on till they work out what to do next. Anything that calms things down and brings us closer to fair value is welcomed by me.

The European Central Bank launched an extra emergency bond-buying program worth 750 billion euros ($820 billion) in the latest attempt to calm markets and protect a euro-area economy struggling to cope with the coronavirus epidemic.

“Extraordinary times require extraordinary action. There are no limits to our commitment to the euro,” President Christine Lagarde said. The euro and U.S. equity futures rose after the stimulus measures.

https://www.bloomberg.com/news/articles/2020-03-18/ecb-announces-750-billion-euro-pandemic-bond-buying-program?srnd=premium-europe

goblesmythe, our BOD aren't known for sending RNS unless they have actual news to report, a keep calm message might be welcome by some but it won't change the SP. You might be right in your suspisions but I feel a more rational explanation is that the market is no longer focused on price discovery and is concerned about liquidity and survival. If I'm right then this means we're close to a generational opportunity for those who can move cash to equities before order is restored. This is purely my opinion based upon my understanding of history and what I know about the current situation, as the facts change so will my opinion but currently I'm not unduely worried and continue to buy what I see as undervalued assets with a 5 year horizon.

I've opened a non-ISA dealing account to buy now at these crazy prices and transfer over on 6th April

Recipharm, a leading contract development and manufacturing organisation (CDMO), has recently noted an increase in demand for its product Klorokinfosfat RPH Pharma marketed in Sweden by Astimex Pharma. The CDMO has also received questions about the product, which is typically used to treat patients with malaria prophylaxis and rheumatoid arthritis. The reason for the interest in this well-known product is due to chloroquine's antiviral effects, which mean it has been mentioned as a drug that can potentially be used when treating patients with coronavirus COVID-19 associated pneumonia. Furthermore, chloroquine has been included by WHO as one drug treatment option for priority research connected to immediate goals (https://www.who.int/docs/default-source/coronaviruse/who-china-joint-mission-on-covid-19-final-report.pdf).

Twitter BS was funny today - remortgaged at lunch, buy shares in the afternoon, 18 holes before dinner, cure Covid-19 and read Moby Dick before bed.

I don’t imagine GH sat there hitting the requote button! He wanted to buy at 2.7 and he got 2.7.

Managed a buy at 10.4 on AJ Bell - finally!

Looooooooong gold?

Only 3 1/2 weeks till the next ISA allowance, ridiculous as this price is I'd be happy for it stay here till then, not sure that's likely though.

Add ANGS DEV AURA & SXX to the list, they make KEFI look like a haven!

Thin trading, global markets wobbly and no newsflow from ANIC. I have cash waiting to add when this settles.

Pitterpatter + bhargav, Thanks for the informative answers. A bit more research and I reckon I’ll be in.

I’m still weighing up a possible investment here, looks like huge potential but this question is bothering me. What is there to stop Newmont just selling up and walking away if they find a better prospect elsewhere?

1. Age doesn’t always correlate with wisdom.
2. Worthwhile analysis rarely comes for free.