The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
I agree swest , ratification is the consent for mining and without it you have no mining lease ..lots of people being vocal and unsurprisingly being election year albeit not until December it is being made a subject of contention with threats of it being overturned by an incoming opposition party..the voting members are equally balanced at the moment so lets hope it is ratified and the existing ruling Patriotic party are returned as winners !
More than the 33p offered ! But with the falling price of spod and the lack of some fundamental understanding of economics by some opposition to the project the market might nit be in a hurry to rerate ALL ! Unfortunately !
I think you will find you bought them at 3.5p not brought lol .. if as you say you bought at 3.5p how much did you want to make as at one time in the past you would have been sitting on many multiples profit as opposed to now wanting / expecting to make a small profit ?
It was acknowledged by NH after the AGM as more than 25 % of the votes cast re the Remuneration he said that the board will seek to engage with shareholders to understand rationale for voting against Resolution 1 ie adoptoon of Remuneration Report
Without looking swest I thought Neil was on 650k ish but that might not be pounds although I accept there were some performance bonuses to be added which if awarded would take it nearer to your figure..I don't know if the bounus is sp related or not ??
Arguably a bit high swest but I think we have got a fantastic team and they do need to be rewarded well and lets not forget there are many companies with some very suspect personnel at the helm rewarding themselves handsomely to the detriment of shareholders.. I think the raise was prudent given monies from MIIF probably will not arrive until after ratification and any deal for the remaining spod is not expected end Q 1 .. also as stated we do need to be prepared if there is another bid !
A couple of reasonable sized buys this morning .. I wonder if Assore were party to recent fund raise or if not will they want to maintain their same percentage holding.. I think things are finely balanced at the moment if not erring on the side of looking a little bit vulnerable .
A little bit surprised swest at that comment re sp hair cut as in most cases when a company raises the price often falls back to the raise price and often below it .. I think it very prudent they have for the reasons explained in the rns but probably more than likely they do not want to get caught on the hop if another bid comes in particularly if a bit more aggressive which they would want to defend against
No you are not ..I had a feeling despite being told we did not need to raise cash that we need some in the interim until MIIF come up with their funds and we do a deal on the outstanding spod which will not be until the new year so we were looking a little vunerable ..quite often you will see companies bolster their treasury when they have been on the end of a bid just in case of further distraction.. I am pleased with the pro active response from ALL
More backup from Kofi Ansah and Fui Tsikata both legal and mining experts in a paper published yesterday basically deriding the arguments from the IEA and Mrs Akuffo former chief justice in particular as fundamentally wrong .
Agree ..the feldspar was always going to be a bonus and even better staying in Ghana..as regards comments made by various commentators regards the lease I think there has been a fundamental misunderstanding with regards the economics and benefits for Ghana but the various members of MIIF and Ayisi have made a very good effort of defending the decision to grant the Lease