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Zccax,
And that is one of LA's largest airlines........
Don't get me wrong - I am not pro-short and actually have previously purchased 2 tranches of MTRO (the fact that the second was at 50% cost to the first should have said volumes). I just don't see what will turn this share around short to medium term. And I certainly don't see why people STILL keep pumping it.
Shorts are cleaning up here, as ever. The best SHs can hope is that they move on to IAG and Easyjet.
How do you make a small fortune? Invest a large fortune long on MTRO.
Dimi,
Some of my gold holdings - here and in the US - have seen phenomenal returns over the past year and, like you, I have taken profits along the way. But Resolute is selling its most secure asset (location-wise anyway) and cutting dividends - not that anyone buys gold miners for dividends - while other companies are increasing their's substantially. And, on top of that, they dilute and sink the price !!!!!! What LESS can they do for investors? If management was taking some of the pain that might help somewhat, but here they are doing the opposite - benefits have increased.
The opportunity cost of funds tied up here has been substantial in this gold bull market. I made the decision to bolt at breakeven - might just sell up at a large loss and deploy the funds elsewhere.
Appreciate that this is a minuscule exploration company and that no one asked me to invest here, but these guys should get their act together soon. Been in for over a year with minimal return - meanwhile my main gold position - albeit a producer - is up 100% in that time. So 10k there is now 20k, while 10k here (not that much invested here) would still basically be 10k. Ouch.
Yeah, the exitement of new discoveries etc. etc. but in this $1,700 gold market the opportunity cost of tying up capital is getting high.
'............OUR board's confidence.........' ???
So what is your position in SLE, Alaric? Do SLE employees really have so little to do that they spend all day writing propaganda on LSE? And removing posts critical of management (the most obvious sign of a weak management team).
Humungously pathetic.
The idea of a commodities royalty company is hugely attractive, but turns out most of this company's exposure is to coking and thermal coal............................ so it's basically a coal company. Not sure why management decided on this market but, while the company is profitable and paying dividends, coal is hardly the future IMO.
Fine while they are making profits - as they are - but need to diversify out of coal, I imagine, if they are to attract significantly more interest.
Mclean,
Stop twittering endlessly like a 15 year school boy. You have been saying the same tripe for months. And wasn't it you and your blustering cohort who screamed that the price was all north from 45p? While you post mindless rubbish on a daily basis, I at least have been managing my investments - buying in the low teens, trading around OF's (very) temporary increase, getting a humungous return on my core holdings and bringing my SLE average down to a very low level.
Not a fan of OF and his rapacious self-enrichment games, but you don't need to love the bus driver to sit on the bus.
Move on.
Self serving and overpaid management team selling their Tier 1 asset and heavily diluting at a discount to market simply to pay off debt due. Even better, while management take no pain and actually award themselves increased benefits, they defer the dividend : "we won't suffer - let the shareholders instead".
You know you have a poor management team when they cut the dividend in a $1, 700 gold price environment. These guys give mining a bad name.
Been reading investors here pushing this share at 500p, 400p, 300p, 200p and 100p. And some are still pumping it - if they are following their own advice they are either broke or own about 30% of the bank, they have averaged down so much.
No, the shorters have been correct the whole time
As this breeches 30p perhaps I was wrong when, in the low to mid 20's, I said there was little demand for the share. Long may the steady rise continue.
This has been a great share to trade as swings are quite large and frequent. Despite the previously announced reserve reduction, long term propects are also good, so in addition to trading I also hold a reasonably large LT position. So far the Russian triumvirate of POLY, HGM and this share (if traded) have proved to be good holds. Russian risk but so far solid rewards.
Talking of Once Upon a Time, once upon a time this was a share investment site in which posters discussed the company in question. These 3 clowns have turned it into A Comedy of Errors (without the humour) in which they talk Much Ado About Nothing. As a result, just about every other investor has departed - they are simply not interested in sardonic personal attacks. Two posters have asked for information recently about the company and all they have received from the Resident Clowns is invective bile. How very helpful.
I expect someone will have to explain the references above to M91.
"All gone very quiet here!"
We are all awaiting publication of Tom's wife's new vegan cook book. Financed by PMG, of course.
PC01,
Following the highly constructive comment below from The Man Who Denies That Markets Are Forward Looking, I would suggest a few potential positives:
- company taken private at a significant premium;
-company not yet taken private, BUT OF introduces dividends so that he can extract a further stack of money out of the company until it does. Price goes up on news of dividends;
- investment by the company in something reasonable in Africa - knowing OF, probably the supply of machetes to militia in Eastern Congo, but we can hold our breathe and hope. Might even be related to the O&G business.
The biggest negative is of course that OF goes to the pub and drinks the current fund balance away.
Typed in AML by mistake. Now 64p and falling towards 30p - what an utter shambles....
..............20% today. Fantastic!! CEO is financially heavily committed and upper management have taken a pay cut. Highly indebted etc. etc. etc. but, unlike so many other O&G companies, leadership is at least heavily aware of what its LT shareholders have been going through. Seems like one of the better guys in a group of hyenas.
This now 1497p - never stops rising. I have been releasing some shares on the way up to generate much needed cash - congrats to those who have held tight the whole way......
You utter amadain. You have been saying the same rubbish for years but the price only falls further.
BTW - the stock market is forward-looking.
Your mountain of gold is currently 17.5p. Yes, facts do get in the way.
Two pathetic sad keyboard warriors. Keep it up, boys - your country needs you.