I voted no, but I can see the value in diversifying to a less gas reliant market with much more oil in the business. So I was not against the core of the idea, just the implementation was not ideal IMO.
Lower output Lower profits Lower dividends payouts to shareholders All Compared with last year.
Sandeep CEO of Newcrest Is keeping his purse shut to save face. I bet if those 3 key performance indicators were not so disappointing the extra 5% would have been purchased.
The plus side is we keep that very valuable 5%!
Shaun Day needs to show his hand for some funding now…
I am in EXACTLY the same unfortunate position, with the exception that I now use interactive investor as my broker.
ITI Capital were dreadful (as you no doubt already know) when they took over SVS holders accounts, was a living nightmare to deal with them!
I have taken screenshots of the LION ITI holding for peace of mind for now, but would also like to know the best course of action to secure my holding.
I wouldn’t personally even pause for thought at selling for less than our ATH of 38p.
I would rather wait until gold is being produced and take our slice of the BIG Havieron pie :)
If Newcrest don’t share that vision (which I don’t think they will because like most big companies are greedy - understandably so), then they’ll have to persuade the majority of SH’s otherwise…