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I did not fully understand the figures on the RNS but it seems to be a positive one. However seeing to SP go down over 10% could only be down to Market's manipulation IMO.
Of course a lot of panic buyers would be selling in this situation at a loss which will fundamentally help patience investors / LTH to benefit from the situation especially when we are still on the verge of big news.
70k coal per month sale, at average coal cost price of £250/tonne = £17.5m per month = £210m per annum.
Based on 30% profit, that is circa £65m profit per annum....... 375 million shares in issue (bare in mind a lot of them are already owned by directors) so 3p dividend payment is easily affordable as it will only cost them only 7.5 mil
Hindhead - I disagree that currently invested pi's and ii's will be running for the exit. Why would they do that?
Also why would you describe dividend payments to be unaffordable?
As I stated it does not have to be 10p, they can start maybe 2-3p, I still strongly believe that the SP will go up considerably the minute they announce dividends and I can not see how this would be negative impact for any type of investors
penstock, I agree that steel will always be required globally therefore coal demand should go in line with the steel manufacturing. Even the electric car batteries require coal so there should be no problems with the demand on ****ing coal.
Many of holders believe in coal hence why we are holding shares I suppose
I don't have any problems with Ben's production and agree that soon we will have an output near enough 80K a month.
Once we prove consistent production and SALES in no time the SP would hit to it's real value which should be at least three / four times more thaN the current value.
My only complaint/disappointment would be the dividends. AW made it clear months ago if not probably a year ago that we were making healthy margins and he promised 10p Dividends to share holders. Yes, the initial promise came about when the SP was much higher but still, it was a promise.
We are still clearly making healthy margins, coal prices is continually increasing, but I am not happy that there is still no signs or indications of dividend payments.
As long term holders, I (we) deserve to at least have a date or something. I appreciate they may not be able to offer 10p as a start due to low SP but they still need to reward us with something in my opinion.
I am also sure that this will attract many new investors which has a great chance of helping boost the SP. So really it would be a win/win situation.
Markeurasuia - It just shows you how under value this stock is!
I can't believe current market cap is still £79 Million
We shifted 5 trains last month - 55tonnes - 55,000 x $305 = $16.75M (£14M) per month. If we average this every month, then market cap should reach over $200M (£168M) already.......That is without the 2nd HWM
With the 2nd HWM lets average the output @ 80,000 per month worse case, and lets also presume that coal price will go down to $275 - That should take the market cap up to $264M (£220M)