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Trouts I'm exactly the same ( I managed 1.77 & 1.82 ) - I genuinely want to re-enter for a recovery but obviously need to see some green shoots before I do anything so rash! I don't look particularly at charts but I want to hear some structured plan / path of how the issues are going to be addressed. In a way the lack of dividend should benefit them getting onto a firmer footing, but this needs to get back to being a solid and comfortable investment and at the moment it seems a long way off.

" if the sp drops anymore then the dividend gets wiped out."
Only if you sell.
If you re-invest your dividends when the price is weak then you get a higher yield on those shares.

Chid, are you invested in the same bank as me?
Massive profits & progressive dividend - I've bought periodically over years and I don't trade the vast majority of my shares - this is a comfortable hold & add.

Hi WasRed, where has that CB info come from? - that passed me by

Hi Matty I can empathise!

12.58 paid

"Yes, really spiking"
Spike or re-rate? :-)

https://www.australianresourcesandinvestment.com.au/2023/03/24/mining-ma-the-biggest-deals-of-recent-years/

Thinking about this from a MCap angle.

“The option price for the 5% interest was determined by an independent valuer to be $60-million in accordance with the process set out in the JV and was based on data which was current as at 15 December 2021"

Crudely, if the $60M is extrapolated to 30% then the asset was worth $360M, which is £295M. Using the price we offered NCM ($85M) for the 5%, it's £418M. So the market cap is, strangely enough, the same as an average of those two figures.

My point is that despite the fall and fall, surely now the SP is actually below the true value of the company, bearing in mind the valuation was a massive 15 months ago. It's a frustrating time, especially having to listen to the monotony of certain posters through these tough times - no one is ramping the SP, but the asset ramps itself as we know that GGP has a 30% share of a huge mine.

I said quite a long while ago that this had become an investment in the management rather than in the asset because GGP *have* their discovery. The management have to navigate the company through to production and protect their prize asset from any greedy hands trying to get it on the cheap, and once through these difficult times then maximise for shareholder benefit.

This for me is now at the point where I'm not really looking at it too much day to day - I'm not going to sell and I'm attempting to try to filter out the noise. I suspect there will be a flurry of activity after the NEM / NCM decide what they're doing. It's certainly interesting times.

Those "published responses" - the closing date for the opportunity to comment was 19th December 2022, so the schedule 5 notice has come a while after that (around 15th Feb 2023).
I guess that's a good thing as the EA will have now taken all of the input onboard an summarised anything they have any *genuine* issues or queries with, and TM1 have the opportunity to respond ( which they should have done by now) before final decision.

Thank you - got it. Really good bit of research.

Great find BlueSky - have you a link for where on the EA site you got this?

Well - taking March as a literal for Singida first pour, we have 8 possible RNS mornings ( or evenings, or intra-days! ) left...

Well whatever happens I was happy to add a tranche @ 44.98 this morning.
Time will tell whether this was good or bad timing.
My intention is to hold in the run up to Ex Div and see where LLOY is at that point. If it makes more than the full year divi before then I may take it back off the table.

Gold just hit month high of $1,945.15

Agree with your hope that the reason for funding is buying feedstock & contractors etc.

I'm just trying to get my head around the system. So far they've drawn down just over £1Million from a total of £4Million. The first tranche was a 500K drawdown of which 450K have been converted to shares. The average SP so far with this 50K outstanding (by my calcs so happy to be corrected) is 1.12346487p. To be honest I thought these conversions would be a monthly thing rather than the weird flurries of notices but I probably just don't understand how it works properly.

Anyway since 16th December they've had use of £1.06 Million which is for three months. So you would hope that a good chunk of this is being invested in the operation.

I'm certain we'll hear some kind of news before Easter, I had another look at one of the "final gateway" proactive interview and have everything crossed!

https://www.proactiveinvestors.co.uk/companies/news/1006284/technology-minerals-approaching-final-gateway-for-lithium-ion-battery-plant-1006284.html

How weird, I was just going to say with Gold going up and Inflation coming down it's an ideal backdrop for first pour

It's gone ex-divi now but technically around 7.5% annually based on the last two announced divis.

Gold back over $1900 too

Platinum price surge forecast for 2023 (CNBC)

Factors including power cuts in South Africa, the war in Ukraine and the increased production of hybrid cars could cause platinum prices to increase in 2023.

Investment bank UBS readjusted its price forecast for platinum in 2023, estimating that the precious metal will cost $1,150 per ounce for June, up from a previous estimate of $1,100, and will reach $1,200 per ounce in December.