Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
I’m a long term holder but I’m no longer topping up. It’s been a disastrous investment so far, don’t like the family set up at all and have less and less confidence in their ability to execute.
Might add a little below 25 but to be honest the quicker I get out of this family drama the better.
Heavily under water and no real SP progress for a year.
The market is clearly moving the price down to the low 20s
Filing late not helpful for confidence, could they need more cash again?
Last year they gave us a distraction event promoting themselves at the Houses of Parliament in April and failed to tell us about cyclone related delays until June.
Expect rinse and repeat or lessons learned?
I’m nervous to add, rising costs highlighted in November RNS plus another tricky record breaking cyclone.
Could we have a bit of fundraising to come plus some additional production delays?
https://amp.theguardian.com/environment/2023/mar/17/weather-tracker-cyclone-freddy-madagascar-mozambique-malawi
Without news you get the feeling we’re headed lower
Just been out to dinner with a friends brother, whom I don’t know so well.
He volunteered out of the blue that he’d decided to open an account with Metro as he likes their branch locations and opening hours and in the light of the financial situation he’d prefer a brick and mortar bank where he actually can get to a branch if he needs to.
Makes sense he would like to spread his money around.
Odey took the recent dip as an opportunity to reduce their short again.
Currently 3.45%
Which is pretty huge still. They certainly would be motivated to be on these boards posing as doomsters.
The fact that uk banks are pretty sound and profits are rising plus all the other mtro shorters have left in the last couple of months tells me something bullish once this has cleared.
Pound up to 1.23
Brave, I’m hovering but undecided.
True and we’re now 30% lower since then. I just noted that some of the recent posts seemed a bit overly optimistic.
Long term this maybe will prove a good investment but there are logistical challenges in Madagascar particularly during the January to April tropical storm season.
it’s been a terrible year for the TGR stock price and I’m not so sure there won’t be more unpleasant surprises as we run into another massive tropical storm season in Madagascar.
I’ll definitely top up but not at these prices given a global recession is lurking.
Sitting on a very big loss here and stupidly averaged down and down and it killed me but I'm still positive about ASOS and it's potential. I also like what they're doing around sustainability, we need more of this.
I've been adding and probably will add some more at these levels.
All these fuel cap checks will be arriving shortly and with China opening up and goods moving more freely things will be looking up soon.
Hunkered down here for a long hold.
Great to see China and Kazakhstan building closer relations, this is Xi’s first overseas trip.
Good signs for stability and with the FAR operations so close to the Chinese borders export options directly to China will be vital.
SP rerate will follow. Patience. I’m adding
https://amp.dw.com/en/chinese-leader-xi-jinping-meets-kazakh-leader-on-first-trip-since-pandemic/a-63113935
Looks great from here. Topped up
https://www.thearmchairtrader.com/bushveld-minerals-share-price-forecast-march-2022/
Averaging down. Seems a good time to start adding, lots of news expected soon
When was the last placing. Was it last April? I’m assuming with the delays in ramping up production due to the cyclones we might need another fundraise soon.
I haven’t seen any revenue positive deals in the last few months that will have a positive contribution.
Clearly the market is nervous about contagion beyond Russia to Kazakhstan. Given the latter called in former to quell popular protests in December you can see why FAR is dropping like EVRAZ.
I wouldn’t be surprised if we drop further. This is becoming a very risky part of the world to be invested.
Is anyone adding?
So since the RNS after Cyclone Ana, which reduced graphite forecasts by 20% for 2022, we’ve had persistent weakness.
Another 3 major cyclones have hit since. I suspect market is concerned that more news is coming here.
https://www.iol.co.za/dailynews/news/battered-madagascar-braces-for-cyclone-emnati-the-4th-so-far-this-year-e9dd5847-17ee-4bea-92ef-5e3d26cc1ec8
The other stuff in yesterday’s is incidental to the bottom line hence the sell off.
Reassuring news about mining activities in Mozambique and Madagascar will help.
I would be cautious adding atm seems the trend is down.
Keen to add at these prices or will it drop a little more before news propels us higher? Hmm
A second super strong Cyclone Batsirai is now approaching Madagascar with another forming behind it. Cyclones come with territory here and with both projects are right in the danger zone for cyclones.
For TGR, with all their experience in Madagascar not to factor in delays from seasonal cyclone activity into their guidance, is disappointing. These delays can be factored in and it does seem TGR might be developing a reputation for over promising and under delivering on their numbers.
Can we expect further RNSs about these new cyclones? What damage has been caused to the two projects affected by the first cyclone or is it just a logistical issue?
With all the capital they've raised and promises made to shareholders we deserve more accurate forecasts.
SP down almost 10% yesterday. Clearly holders are not impressed. Hopefully they've been over cautious with this RNS and will be able to surprise us later in the year with production upgrades, however I'd be nervous there could be additional bad news coming.
Added a bit. Good company, oversold. Once they work through the supply chain issues in the coming months it will be off to the races!