Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I’d also hoped not to see that again. It should read ‘1 Penny’ NOT ‘1 pence’! The word ‘pence’ is a derivation of ‘pennies’ as in the plural use of ‘penny’. It should therefore only be used where there is more than one penny I.e. two or more.
How can we have a reasoned debate on here if some people don’t even have a proper grasp of the English language?!
Just a quick ‘Thank you’ to LSE Admin for arranging the interview with Lorna and for posting the excellent video. Well done to all involved. I’m sure that many of us on the BB are looking forward to seeing an equally positive sequel in a few weeks time.
Unfortunately the price is for a very small trade of just 10,000 shares. Sadly I can’t see this having any effect on the U.K. market tomorrow, but I’m sure that our patience will eventually be rewarded
With GS having achieved their target SP of £2.60 (for whatever reason), I wonder what their next move is going to be? I suppose they’ll have moved on to other ‘targets’ by now, but may revisit HBR when more information is available or when they consider market conditions to allow them to ‘predict’ another change. Does anyone else feel like a passenger in someone else’s magical mystery tour?
Clearly the advisers who wrote the recent RNS had a poor education and aren’t aware that ‘pence’ (being an abbreviation of ‘pennies’) should only be used in respect of plural amounts - in this case the nominal value of each share. Instead, every reference to shares of ‘one pence’ should say ‘one penny’.
Tut, tut!
Hopefully when it comes to giving more significant advice, their accuracy will be much better!
Market Dealer - "The only worry i have now, if Navitas or any another oily
Makes a bid now while the sp sub 20p....wait & see"
Hopefully our highly paid BOD would reject any offer that didn't have a sensible price tag attached.
Deanosbooty:-
"190 + approx 60 (interest) = €250
€250÷580= €0.43 approx
Therefore the award is (and this is very approximate) €0.43 ÷1.19 =
36p per share - 20% = 29p - any taxes.
Would be happy for someone to correct me..."
There are 60 million warrants waiting for the SP to exceed 9p that will be exercised which need to be taken into account too. The exercise will raise GBP 5.5 million before costs which add to net assets. If we take those into account and assume corp tax of 19% on the OM award, I get a net figure of 22p per share. Adding that to the roughly 8p that we've seen in the market for the last few weeks should give a current value of 30p [give or take market forces, sentiment, acts of god, etc, etc ...]
The interest compounds annually EUR 56 million - so nets down to another GBP 38 million. If we assume taxes deducted at 19% the overall figures add about GBP 134 million to the net assets. Interest continues to accrue until the payment is made at about GBP 26k per day which should cover admin costs as well as lots more.
After the steady decline in the share price over several years, mirrored by the decline of the net asset value of the balance sheet, surely it's about time that the Board realised that by paying a huge dividend each year isn't doing anybody any favours. The only way that the company has been able to pay a dividend that's been higher than profits for many years, is by increasing borrowings. Given that debt is one of the company's biggest problems and that much of it has arisen due to the overly generous and arguably bizarre dividend policy, the only responsible action should be to suspend dividend payments and allow debt to reduce and the balance sheet to recover.
To continue with the current policy is reckless and irresponsible and the Board needs to realise that or be replaced.
Looking at the number of Sells, it’s clear that some people ‘would’ want to be out of this over the weekend ......?
Last Monday (25th Jan) was Burns’ Night - maybe the well started revealing something positive then?
The whole market is down today so that won’t be helping either.
Resigned on Friday due to personal circumstances?