Member Info for jollyspeculator

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most in sector sharply higher..interesting

ugly??

getting interesting

didn't appreciate that fmg cd cut costs so aggressively..makes rio's sp look v vulnerable ...down at least to some technical bounce (?highish teens)..but if iron ore gets into 30s, expect rio's sp to retest 15

's footsteps do i gladly step

good post..recommended ...of course, the surprising the strength in iron orein 1h 2016 may ironically make eventual capitulation (later this year??) more likely cos it delays mothballing/closure by the mid/high cost producers..increases excess supply as time of sluggish demand growth

not to like, timeless.... ..the need for new capital is clearly a drag imv GMSI requires further funding to undertake the additional drilling work and complete the economic feasibility study in relation to the East Block open pit mine and currently is seeking to raise US$2.2 million from its shareholders at the same per share valuation at which funds were raised last year, that valued GMSI at US$18.0 million pre new money. Owing to its current cash position Kolar Gold is unable to invest further in GMSI at this point in time and would only be able to contemplate doing so if it was able to raise additional funds. In the absence of Kolar Gold investing additional capital into GMSI as part of the current round of US$2.2 million its shareholding will be diluted to 21.1 per cent. .." and Merger discussions with Deccan Gold Mines Limited ("DGM") remain on hold and Although the board of Kolar Gold remains confident about the future of GMSI it does not consider that Kolar Gold will be able to raise capital with a strategy based solely on its Indian gold interests; · The board has examined other opportunities which it considers may be attractive and has concluded that diversifying its interests by pursuing complementary opportunities initially focussed in India, including in the fintech sector, would potentially enable the Company to raise further capital. The strategic review has now been completed and the Company is no longer in an offer period under the Rules of the Takeover Panel and accordingly the requirement to make Rule 8 disclosures has ceased. Looking ahead the board of Kolar Gold plans to pursue such opportunities that are allied and complementary which it can develop in parallel with its gold exploration and development interests. It will also seek opportunities to raise further capital in order to develop these opportunities in conjunction with its interests in GMSI. ..so current shareholders have clear message that more capital is on horizon, and elsewhere on aim that usually spells sp weakness (but dyor, all)

if this settle retraces around here..the pe is undemanding lol

just a few 10s of koz...part of rolling hedge programme which is sensible/?obligatory given debt ..my sense is the hedging is a red herring..but then my call here so far has been wide o mark ...gl with entry..suspect the sp will dip below 6.5p placement price esp if pog fails to break 1300..and will be looking to rebuy in 5s..and load up sub 5p (if pog drifts and i get lucky)

sold more than half in two lots..6.7 & 6.81.. ...I was surprised by placing price and the jump to 13.5%pa on coupon, but I can see that the 13.5% reflects the fact that the exercise price is so out of the money....so before the holders of the convertible had option value now it is a vanilla junior loan..still 13.5% is a whacking margin and with minimal default risk, it seems a better deal than other risk capital (like us lot lol)

npv is dominated by future cashflows

vtu is great convergence play (op margins climb towards sector average)..only problem is op margin gain hasn't happened...so we are left on higher earnings multiples than peers and with much lower margins (more vulnerable to sector downturn?)..

2h run rate looks awful..stiff competition..little usp..all imv ...what's to like?

camb, lookers etc..and they trade on even lower prospectives ...I had expected bounce here..but with weak sector and weakening global markets, perhaps even 53/4p is optimistic ..40p is close to tnw..so perhaps good support in the 40s?? ..dyor, all

was a tiddly sell..pressure building here

management seems bloated/top heavy (hence v costly).. ...the presentation of asc's net profit was a little clever for my liking as well..i would have liked confirmation of jay's remuneration and whether that was included in asc's costs

all set fair

dibs, fk1 ..hope you are not in too deep, adastra..gl

perhaps?