The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
What many people forget, is Institutional ,long term holders and the family would not be in favour of Barrick. As Barrick would cut the dividend, by a considerable amount.
On top of that Sukari pays EMRA 50% of net profit.
In effect EMRA have more control than shareholders as that agreement cannot under law be changed.
Thank you prof like you I first joined this company at 20 p , when times were much different.
It galls me and I am sure other real investors to witness what has happened here in this last month or so.
The short term opportunists ,twisting facts.
This company has come such a long way from those very uncertain 20 p days ,through a revolution change of government ,change of world financial and political policies and has not just survived ,but now on the cusp of a rapid multi mine expansion.
Whether West Africa will be expanded with merger or solitary I do not know yet but suspect with equitable merger for more rapid expansion.
Sukari I feel will stay as it is. With probably another satellite mine in the centre of the possibly three new prospects ,if indeed they re awarded to Centamin.
Though I see no reason with EMRA they are not.
So for the time being we have to wait for EMRAs decision.
As for further management buying ,that will probably come to pass should another hostile takeover appear.
Keeping powder dry, so too speak.
All the best.
Christmas is coming the geese are getting fat please put a penny in poor mizzis hat if you aint got a penny a halfpenny will do if aint got ha'penny God bless you.
There are people in this world far worse off than us lot remember that.
Was helped along by continuous and gradual twisted information by traders who spend their time between here and HOC. Trading one selling for profit then with derogatory ,very carefully done waiting for the slightest bad news buying back when the sheep have panicked. Then over to HOC to bide his time for the same.
Todays comments on HOC are very enlightening as to the mentality . Same tactics as the MM s.
I hope you all take notice, but most of the sheep have been savaged now and beyond help.
Good to hear from you again dj.
Your thoughts on the low grade may be spot on.
The lower grade was always going to have to removed.
Maybe under new management, instead of of chasing new records as in the past, the strategy is changing for the best.
More planning for the future. Steady production.
As for future production figures ,a drop was expected in the transition between phase 4 and 5.
The sudden rise a while back was purely on uninformed speculation .Which attracted traders.
So today is an example of not doing sufficient research, and listening to doom and gloomers ,who have scared the sheep into panic gradually over quite a period of time. They certainly have not sold.
Today for institutional investors. The tree shaken ,what has been sold is a tiny proportion of total shares.
What has not been mentioned so far this morning is the missing news of West African prospecting .
On top of that ,when EMRA feel like it is the results of the licensing options. If indeed they have not changed their minds again.