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What really p..ses me off is the wild unfounded hogwash publicised on this chat board by the doom and gloom merchants. It’s the sort of garbage you read in that rag magazine, the Guardian newspaper. This amateur print is also full of grammatical and typographical errors.
Mmm SD was taken by surprise. So why did he schedule a TH meeting for 5 March in advance of Newmont’s communication. He was already forewarned of what was to come by Newmont and no doubt via the informal networking channels.
Yes any bid above £2.50 is in play. The company is now in a more stable position than when the £1.56 bid was rejected and interest rates will soon fall.
The £1.20 offer may be a good deal for some shareholders who purchased when the company was in dire straights early 2023 but I suspect many will be underwater at this price. Why would you agree to a loss of capital??
If the major share holder rejected the £1.56 offer why would they accept a £1.20 offer. In addition, interest rates will soon be falling. The Governor of the BoE stated that his wish was to reduce interest rates well before the 2 percent target limit was approached. Honestly, the £1.20 offer will be rejected because the board has now done all the hard yards and things are now getting better.
As usual Friday evening is upon us and contributors I have never heard of before are painting doom and gloom. Things don’t change. My view is that if you believe GGP are a poor investment and you have no skin in the game you obviously have too much time on your hands. I can understand if you are shorting the company.
The issue is do I purchase more shares now or wait for the news. If there is good news the share price could rise stratospherically within minutes plus you may not be able to obtain the quantity of shares you desire.
By the way I don’t believe funding is an issue, SD eluded to this. I may be wrong and time will tell.
Hopefully SD will issue an RNS well in advance of the 5 March TH meeting. This will do alot to calm markets and reassure share holders concerning the way forward.
MH01- 21 pence appears to be a fair valuation. I am judging this against the valuation of Centamin, recognising that extracting and processing the ore is more costly. In addition, the Egyptian Government takes an exorbitant cut of the profits.
SMS should be talking up the successes within S4, namely Media Monk achievements. He just appears to be in a morose catatonic state. Very rarely does he mention the company. Let him network and grease palms because that that is a useful exercise. However, appoint someone to actively promote and drive the company forward. If SMS did not hold the golden share he would have went with his CFO many moons ago. Business is ruthless and do it should be.
Jcj07 - SMS looked tired and irritable. I agree that his upbeat self was well hidden. Hopefully, things will get better as inflation lowers further and interest rates are correspondingly cut. I am encouraged by Media Monk’s venture in India. This is a huge market.