The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
@Jambo813 - Don't want to be critical, but I'm not sure your calculations are accurate.
Not sure what tax rate you are using, how many times you will be paying the loan back, and what you are putting aside for exploration costs. However, you are suggesting a 3p dividend from £400M Gross Profit; that is suggesting £280M of costs per year. IMHO that is far to high and you should revisit your calculations.
@CHRI5P - To quote you from another board
"I have 4 posters filtered and this is the only board I have had to do that on. It is such a shame that we are infested with all the n*b heads running down a company"
We have far more than 4 filtered on this board a list growing rapidly by the day, and you've just added to it.
https://www.investegate.co.uk/article.aspx?id=202102100700035339O
Interesting Report from Artemis. Details of their drilling campaign at Nimitz, with numerous mentions of Havieron.
https://sec.report/otc/financial-report/269598
https://youtu.be/AFALgkA2nCM
His full name is Magic Trades
@Jackie1 - Thanks for the tip back in November. I am pleased that I declined to take up the recommendation.
I have been truly vindicated since your tip WSBN up 40% and GGP up 65% since your foolish decision on the 4th November.
A lot more to come from both companies as well
GGP - Too many positives to mention
WSBN - A further share placement and dilution.
Now could you please go away and post on the WSBN forum, which I note you have not done so far.
@Shnozwanger -
EMS - Definition
Previously called Normal Market Size (NMS), Exchange Market Size represents the number of shares market makers are compelled to trade at the price they are currently offering. In other words, this is the number of shares you can safely trade without the market maker being allowed to charge you extra by widening the spread significantly.
@TMT - Thanks for your reasoned analysis on the GDX Rebalance; it confirms my findings.
Looing at the figures also supports your theory.
Fund Size = 6.3Billion
Proposed GGP Weighting = 1.65
GGP Amount in USD = 104 Million
GGP Amount in GGP = 77 Million
Expected Share Allocation @ 35 p per share = 220 Million
Pre Allocation Share Ownership = 136 Million
Shares to Purchase during rebalance = 84 Million
Potential Front Running Shares Purchased 14-17th Dec = (8*8.9M) = 71.2 Million
Still to Purchase on 18th Dec = 13.2 Million
Major Trades on 19th (20.5 Million Purchase - 7.1 Million Sale) = 13.4 Million
Difference = 200K - Likely Rounding Issues in my Calcs.
My conclusion from this is that the shares have been fully purchased, and GDXJ will not be buying any shares on Monday.
The amount of shares purchased will depend on the share price on Friday.
They will spend exactly 0.57% of the ETF Fund Value at close of business on Friday (on the TSX), the number they get will depend upon the SP at the time.