Member Info for mole_man99

The prof of sleep and Maureen the radiologist giving their expert insights on gold mining, having never done it. Can't wait.

Would be a cracking choice, appointing the person who oversaw the finances from the 2018 peak and has seen a destruction of net tangible assets in that period.
Asset stripping seems the tactic for short term returns here now, if any.

VOD was never 2p so nobody bought at that level.
Including dividends, well over 90% of purchases since March 2013 will have a negative return to date. Just a few brief days in that 10 years would see buyers marginally ahead (including dividends), centred around the March 2020 lows, Oct 2020 and the end of last year beginning of this. I imagine most holders have made the majority of purchases in the last 10 years so are understandably frustrated.
Purchases made around the dot com peak are also underwater including divs, 23 years later.
Very long term holders have done OK with the stock returning about 7.5% per annum including divs since 1996.

Will the next 10 years be like the last 10, or more like the early days of growth returns?

It’s the same as it has always been. Holders will get news of fantastic new discoveries when cgnr need to raise more funds. The pounds from Demir has removed the urgency for the next investor baiting rns.

They know the gold is there so why not reveal the plan to open the mine.

Malone’s interest is a bit of an oddity too. Using derivatives he doesn’t actually own any yet. Hedging his bets. Will have to wait and see which way his interest goes.

I read that post when it was 160. The conspiracy then was to take it to 140 then ride the profits all the way back to 220.

Nobody knows what happens next, and the price is down here because not enough care.

It will be interesting to watch hobs morph from the latest excited new investor into next years latest dissapointed shareholder calling for the CEO's head.

Mind you, they don't have one, so no worries there.

Thought it rolled over in 2018?

At best it will limp along until the company and investors face up to the fact they took too much out of the company in the past, leaving the current entity saddled with the debt.

That facing up will result in more short term pain in the sp, which is why investors and management don’t want to do it, thereby sealing the glum outlook which institutions are selling.

It’s also why you don’t have a ceo. The good choices will be avoiding the poison pill.

Just my view.

“ Don't think progress has been that slow here tbh.”

Been watching since the early 2000’s. I can assure you it is the definition of slow.

Prof is a professor of sleep after all.

The deal will shrink Vodafone's share of the UK market. 3 are getting the enlarged share of the pie by taking on some of VOD's debt.

What’s wrong with deramping, or let’s call it pointing out the pitfalls so readers can make informed decisions.
Started posting again 2 years ago when many were excited by a guaranteed 10 bagger within months, pointing out if a mine ever gets permission it will take years, and here we are.
Demir may well eventually produce some results finding yet more gold and there will be a pop in the price. I would use it to get out, or face a decade of planning appeals and drifting Sp, if it ever gets to that stage.

The satellite thing is a good example of why I got tired of VOD. Their single satellite joint venture will hardly register against 3500 starlink sats expanding monthly to 42000.
The point is, spaceX have spent less lobbing satellites into space than VOD have paid out in divs. They could of been investing instead of building €120bn of losses and substantial debts to pay out divs.
Can they make outsize profits moving forwards. I doubt it.
I wait to see if a new CEO arrives with a credible strategy, and plans to implement the strategy.

"Wow looking at 2025 to 2030 so far away. This long of holding maybe difficult for some. You are taking 7 to 10 years."

That's my minimum horizon.

Invest in well managed companies that are clearly going places and will own the world in 7 to 10 years. VOD ain't one of them. Previous management and investors lumbered it with too much debt. It now has to sell off key assets instead of investing for growth.

And never buy a company just because it pays a div.

But Maureen has no mining experience or qualifications to talk about?

Meh, they have 70bn in debt to service. The lower figures are net debt. It is relevant to consider net debt, but also prudent to consider the financing burden of gross debt.

Won’t consumers just move to a lower rate. Everyone I know has been doing it, commercial and personal.

Care to list the positive news you know is coming.

It's kinda sensible. The cost of maintaining the minority holders is 6.6% a year and rising. Like a high interest loan.

Links in though with the advice to not expect too much from the towers money. It will very quickly find a home in someone elses pocket, and VOD then continues, minus half it's essential towers.

Up, as they need to keep borrowing for underlying business and to pay a div and buy back shares.

If they had stopped the div they wouldn’t need to sell essential assets.

What a business.