The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
26 percent
26.6% of the company
I think they need some new products to be perfectly honest. Their customer base is quite small in effect. There is also the stock overhang from PeterG and having been in communication with Wilson Jennings he doesnt know what PeterG intentions are which is a bit unfortunate given that he insisted on the current chairman
Bad day at black rock. Didnt think the RNS was that bad. With 4.2m in the bank thats 4.5p a share NAV in cash
20% of 2.7Bn Barrels at 10% recovery is £3.3bn, based on 690m shares is NAV of £4.89 roughly. This could be a nice little earner
can you email me matt@clusteroneltd.com
Now south sudan and sudan have sorted their payments out this should open up on Monday
This had better not turn out to be another London Asia Capital. Chinese companies that never produce reports and accounts
I didnt mention it last night but I had an email from Mr Bromley so I knew there was an RNS coming. See Below. Thank you Matthew, We are observing the comments on RNS and we do not want to make public our strategy regarding DMG. Nevertheless in the back of our Admission Document you will find extensive detail on multi able litigation in respect to Mr. Gardner and his companies. What we said he would do in 2005 has come to pass. In effect he has byway of his conduct proved our case. The Court has held in trust 9 M shares. We believe that if we wait, the payout will be substantially higher. So we are in a sensitive time but will make disclosure soon. Kind Regards Stuart J. Bromley +86 136 0113 1912 PS 1.30 am in Beijing and still in office preparing press release not related to this. So I hope this helps and please On Jul 16, 2012, at 11:12 PM, mattburton wrote: Mr Bromley, I have a quick querry that I hope you can help me with. Can you confirm whether CIC owns shares in Dragon Mountain Resources (DMG). There is some comment that CIC does own these shares and as such is in line for the capital dispersal as a result of the sale of DMGs main asset. I only ask as reading previous market communictions there is no mention of this holding. Yours Matthew Burton
......
Watch this space
Where in the accounts is the DMG holding mentioned.
This share is now trading at only 4% above cash net asset value $122m verses $118m
Given CIC shares are not certificated that means we all hold in CREST and most likely through your broker these would mean unless your broker has written to Equity Financial Service to identify you as the beneficial share holder you will not receive the dividend. MAKE SURE YOU CONTACT YOUR BROKER TO ENSURE YOU ARE IDENTIFIED AS THE BENFICIAL OWNER
Apart from the market waking up to the fact that this company has some major assets woop woop
No reason for shre price movement
The chinese have a different mentality to minerals exploration. The turn up with their own people build an infrastructure and off they go. Has a lower cost base than the western approach and to the detriment of the local community as they only employ chinese workers.
VGM currently mines 50000oz per yr and is work about £67m. Which values our share of CICPs one mine at £10m ie 3 times current value.
Glad I spotted this one before the crowd
I think the way to veiw Peter Gs holding of C21 is that he has been supportive of the company during its transformation and now that support is no longer required he will divest himself of some of his holding. Until this stock over hang is cleared and redistributed in the market this will hold the share price back for a while.