Member Info for Jonfon

We may get lower dividend after the next half year report. The markets will stabilise and the world needs copper.

No mention of Copper Bay sale. I guess Trumps facked that one up for us.

Copper is going through the roof. I wonder what's happening at Molopo Farms.

Maybe profit taking?

Oilheadgame, your deramping hasn't worked. I am sorry you didn't get in at whatever price you were looking for this to drop to, but this is going nowhere but North, so best you move on.

Results tomorrow. Looks like a good number of last minute shoppers expecting something good.

We have a huge number of projects that cost a lot to maintain. Trimming down to only spend on the ones with potential is the best thing we can do. A lot of AIM players keep making promises on projects the directors are fully aware are dead and buried, just so they can inflate their portfolios. Better to stick with the honest guys.

Their policy is up to 40%. Cash pile is roughly 30p a share and there are no major improvements planned, so I would say 12p. Unless there is an acquisition in the pipeline, which would be better news.

People are frustrated by turnaround times (me included). I bought in 2019, when we bought into Molopo farms and the popular opinion was that the electric vehicle revolution was going to shoot copper through the rood. 6 years later, we still waiting for news there. If that's the pace of change, GMET aside, this company plays a very long game. It's all very well saying you paying £10 to get £15, but how many years do you need to wait for the £15 to be in your pocket?

That said, I'm holding for now, and am hoping to make many times my investment when something big is found, but not expecting to make a profit any time soon.

The volatility hasn't gone away and there is a crypto boom. We made a lot of money in the last boom. Will be interesting to see Q1 results

@tichtich, end of year statement said there is $67 million cash. Most of the capital investments are done (a small amount left for Sasa in Q1), so was working on that.

Their policy is to pay dividends of 30-50% of free cash flow. Let's go in the middle and assume 40%. That's 12p a share. With the Capex done and high cash generation maybe another 12p interim.

$67.6 million cash balance is £55 million, or 31.5p a share! That's after last years big capital spend. Big dividends on their way!

This is good news for an all Airbus fleet

https://edition.cnn.com/2024/10/16/business/boeing-losses-impact/index.html

This collapsed during COVID, which the whole market did. I bought around the current price have got nearly half my investment back in dividends. On the double or halve question, in all my years holding that time it has never been near £1 (even with the COVID drop) or more than £3.

I still think this is undervalued, but don't see it going through the roof, unless one of their exploration ventures find something really big.

Ratings downgrade today and share price dropped. I have held here consistently for many years, during which time I have received consistent dividends. While the pencil pushers form their opinions the price fluctuates up and down , but the operations and distributions rarely change. This is a good, stable company, giving a consistent return. It won't double (or halve) overnight, so if you looking for high risk, high return, it is probably not for you. If you want a level of stability and better return than banks or bonds, this is the perfect operation.

The world produces 22 million tons of copper a year. BT's recovery is 1% of that and will be spread over a number of years. This will have no effect on the copper market. It won't have much effect on BT either. They need £15 billion to replace these wires with fibre.

Copper up another 3% today. The fall on ex-divi should recover quickly given the macro environment

Given the huge increase in the i3e price following the announcement of the deal, and the big fall in the GTE price, I think most people see GTE as the losers here. I am one of the lucky ones who sold i3e in better days, but bought back in recently. I understand the frustration of shareholders taking a loss on this and waiting for the price to get back to where it was, but I don't think that's going to happen.

This dropped when Goldman Sachs made their dire prediction on copper. Now it looks like they're being proven wrong. Hopefully big recovery on the way