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"SA Coal Roadmap officially released, calls for new coal mines". There is a serious shortage of coal in many developing countries so get in here while these shares are at a bargain price! If you like to do good towards the poor people of this world then in my opinion investing here will do far more good than a donation to a charity or indeed than the contribution we all make to our Government's aid programme! It really is a win win situation
A good company, but the sp won't go anywhere until we have some idea of when the company are going to start paying dividends. After all. why put money int a share where it is going to earn less than in a cash ISA? I think a lot of directors have delusions of grandeur!
Yes, there is hope. A few months ago KIBO investors were very unhappy. Today with a partenership MOU signed with a Korean companythe sp jumped 54%. KIBO is a coalminer like ORCP and will be providing electricity into the Tanzanian grid! GLA
It's nice to see that not all comemtators are pessimists, there is still life left in this share. "the probability of a sizable and sustained decline of, say 15% to 20%, seems considerably less than the probability of a similar long-lasting percentage advance" for gold. And, should gold dip below its June low, the sell-off likely would be short-lived, says the managing director of American Precious Metals Advisors and senior economic adviser to Rosland Capital. Nichols says physical demand and dealer restocking is picking up across Asia. He also suspects the central banks of China and Russia may have resumed or accelerated gold acquisition programs. "Physical gold markets, which in the past couple of years have been losing the tug-of-war with paper markets, may now be on the ascendency, regaining their influence in setting the metal's price," Nichols says. He also says these are long-term buyers unlikely to part with their recently acquired gold. The analysts also cites a rising lease rate for borrowing gold, as well as a high premium in China. "We have long argued that this scarcity of physical gold may result in a surprisingly high-powered advance in the price of gold when institutional selling has run its course and Western market psychology sheds its extreme negativity," Nichols concludes. By Allen Sykora of Kitco News; asykora@kitco.com
From the share price view it's a pity they moved to Holland. First, as it is quoted in Euros you need to pllace an order or dummy order to get a price secondly, there is always the extra worry of what is going to happen to the Euro. I personally think this is a fantastic company with fantastic products so I'm hanging in for the profit. GLA
No need for sorry. I'm just a natural pessimist as I have suffered so much from dilutions in the past. I think GB is very competent but SUN is now a comparatively large and complex company. There will be hiccups in any move I just hope GB is as good as I think he is. In no way was I trying to do down the company but in my view I think this board is the place to raise potential problems before they arise. NB don't rely on the broker's reports, theyve been pretty widely out for the last two years!
This company supports the adage,"Ride profits and sell losses!" My wife and I bought these but sold out @ £1.6 in June 2006, at rhe same time I gave some to my son who rang me up last week to ask if I thoughr he should sell his GFRD shares, at which point I decodeted to get in again at £9.29. I think in future I'd better ask his advice, not the other way round.
Frankly I don't know. The two big unknowns imo are: the funding of the new building and what will be the invisible costs of the transfer of work to the new build ie the disruption to manufacture, the disruption to R & D and the costs of running two establishments while the move is taking place. This is a great opportunity for GB, if he can pull it off without significant damage to the company he will join the select band of first class CEO's! I think he deserves our support.
The Board do now seem to be concentrating on the business; as long as they keep a watch on costs it should be highly successful. There is a rich source of talent both locally and from the University and with the retention of the industrial business there is the opportunity to take advantage of the skills of the thrusting and, possibly, restive members of the team and develop their innovative and managerial skills ina different and new area. The industrial work in a field should appeal to those in the company who wish to broaden their experience as much as possible. Graham is proving a most effective CEO and I'm sure he will bring on the talent that we so desperately need in the Company and in the Country. Good luck!