Member Info for mole_man99

CGNR should produce a cashflow showing how those grades can be profitable in Ireland. I doubt any major is excited by them.

>unaffordable stick used to beat VOD with has been removed

Eps 4.45c, proposed reduced div 4.5c, accumulated losses up (where all those divs paid are booked) assets attributable to shareholders down.

The VOD smoke screen in full swing today. Takes a few days for the large investors to absorb.

Paul, it’s in the nature and history of the company to find things just ahead of a fund raising. Given that they must be almost out of cash, they need shiny things to convince Tim nice but dim to put in a million quid from the trust fund.

Legitimate fund sources will be cut off from them now. If you hold, you are just sitting on a dilution situation.

Posters write here as if this has been going on for a year or two. Try 20.

Lining up the next 20 years of hope so the kids have an inheritance.

There is always the next believer with money willing to ignore the past that will keep this going. It will spin on, with retail investors as the losers.

Meanwhile, current retail investors take months or years to finally realise they bought a dud. FOMO or some other emotion I guess.

Reducing share of only growth market as have no cash to develop it due to woeful financial management pandering to profit now investors, with that strategy still firmly in place.

Strong sell.

Well it’s an interesting comparison. Fosterville averages 4.98g/t and a cash cost of $698/oz for ‘24.

Clontibret is showing 2g/t. The cash cost will be double Fosterville and is going to be too high to be profitable for underground, and permission will never come for large scale open pit.

Don’t see how any real gold miner is going to be interested. AAZ are real and after a bit of due diligence they backed out.

Any real miner will come to the conclusion you will not get permission for a large enough open pit scar in Ireland. The funds for the dreamland gravy train will have to come from somewhere outside the industry.

Prof probably doing his best wining and dining Tim nice but dim. At least he is doing work of some sort for the gravy. Not much use to current investors though.

That cash in November must of gone by now. I watch with interest to see how the prof pulls off the Christmas party fund this time. Plenty of believers on this forum, but you need some fresh Charlie with a million quid.

Massive dilution for current investors of course. Hold at your peril.

A major?

A perfectly able miner dug some holes over the last few years, took a look at the results, probably talked to the local planners, and concluded it wasn’t worth the fight and effort. How is this a bullish signal for a major.

Prof needs to talk up the dream again to get the next capital raising done. Tim nice but dim will give him some of the family fortune. Look dad I bought a gold mine in Ireland.

>> Is it just uncertainty over this merger that is keeping the price down?

No it’s years of terrible financial mismanagement to direct assets to profit now investors in divs and buybacks, leaving a weakened company to pay the bills.

It is still the strategy, so market stays away. Merger shrinks the company again and is necessary as they have no funds to build out a 5g network. Gave it all to investors who then lost it on capital decline.

Not a fan of the strategy.

For goodness sake, will people wake up. It’s a 20 year graveyard of investors who have funded the Prof on a promise. Now that Demir have backed out which was obvious, the prof is building up the positives so he can issue shares for the next years pay day.

Do not average down.

Whilst it is known, I don’t think the market will fully bring the drop into the sp until it is after the last higher payment. Market wants to see how interest rates are by then which greatly effects the calculation, and also of course be looking at how VOD are doing, so waiting for those May numbers.

After June when the div is cut to under 4p, and you still want 5% over treasuries, how does the SP calculation look?

>> The JV has been a disappointment because Demir take forever to do anything. Again hardly the profs fault.

As MD it is his fault. The slowness of Turkish companies is well known in the business community. He should have been honest when the JV was signed. 10 years to get to mine application. 10 years for application and appeal process.

You can then decide if it pays to support the prof and Maureen for 20 years, and what annualised gain you may of achieved by then, allowing for a probability of success.

Much less than just investing in an SP tracker I would say, with a lot more risk.

The next announcement will be to raise more cash. They are due to run out in the next couple of months.

Fraser probably figuring out there is too much to do here to get profitable again and they don’t want to be Phoenix’s way out, unless it is a bargain. Get the market cap well under 10m and they may make an offer.

But why buy a pile of headache anyway?

He has a very abrasive way of highlighting the most likely outcome. Once the div cut takes effect post June exdiv, the sp will most likely fall so new div can yield 5% over treasuries.

Unless there is some change of strategy to tell investors why draining assets to hand out cash is not the priority.

Falling interest rates looking less likely to come to the rescue this year. We can’t lower much ahead of US or the currency will get decimated.

More mole twaddle.

Print worse than consensus. BBC headline 'Damon says rates could rise to 8%'. VOD down. It's how it goes is all I am saying. I don't think they will, but it helps you understand why VOD is down.

Unfortunately world not out the woods yet even if print is ok. Jamie Dimon is running around telling folk rates will go to 8%. Whether you agree or not, big money listens to him and will position accordingly.

We’ll all have to wait for inflation to turn negative before banks start reducing rates, too late of course but that is how it works. Reactionary not preemptive.

2026 looking good.

The div is now cut as VOD are now in their 2025 financial year.