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@Deanosbooty - it seems to be turning a corner already.
Looking for the link to recent article on growth in industry- will post when found
SA election around the corner, so we are pestered by the usual political games at the moment as all parties say whatever required to get votes, but real transformative stuff in the mix currently
I'm sorry to hear you were in HNR fizzy.
The companies are only the same in that they are both in mining industry (for BMN there are other prospects but ignore that for now if you will.
HNR has not only never made a profit, but also never Turned a cent? No revenue to date?
So no, not the same thing
SOTRR - 100% favouring a spin off as soon as possible, I know more learned folk might disagree though.
That way, those who wish could retain (or repurchase) their shares in the new company and after a development like todays RNS see positive reaction.
I think it is not a problem of the market not attributing any value for Lemur to the SP - I think it does not exist to the market as the majority might not even have known the asset exists when buying in here.
Apart from that there is the chinese steel mills only coming on line after winter around a week ago - news to me
Chinese steelmakers return after winter curbs end
https://www.mysteel.net/article/5006182-05030101/Chinese-steelmakers-return-after-winter-curbs-end.html
China’s rebar price jumps further, sales soaring
https://www.mysteel.net/article/5006284-05030101/Daily--Chinas-rebar-price-jumps-further--sales-soaring.html
Good profits, low stocks push rebar output higher
https://www.mysteel.net/article/5006254-05030101/WEEKLY--Good-profits--low-stocks-push-rebar-output-higher.html
"....As we’re now in the traditional peak season for steel consumption, I see the steady increases in rebar output lasting for a while.”
all day long I was quoted above the price of buy/sell bed&Isa pairs going through for sells of equal value - thought it was interesting.
So there you go racer79 - you could sell for higher than the Buy part of almost all the pairs that went through today - same size quote.
South African culture is very strange when it comes to cars.
It is usually the first thing people buy when coming into money - a rapidly depreciating asset.
Our roads are full of absurdly nice cars - for a recovering economy.