The price of oil is down nearly 20% from it's peak so the will help with aisc. Fuel is one of their biggest expenses
This has got takeover target all over it! Wherever will be 20p, 30 or 50p is to be seen! A capable management team will make a lot of money out of these assets
Courtesy of @TwoSmokinShares / Twitter
https://www.theindependent.co.zw/2021/11/12/karo-govt-review-us4bn-deal-as-zim-seeks-fair-share-after-very-encouraging-results/
KARO Resources, the firm that is establishing one of Zimbabwe’s biggest mines, has opened fresh talks with the government to ink a fair deal after reporting “very encouraging” exploration results,
The transaction, which will end with the establishment of an operation that produces 1,4 million ounces of PGMs a year
Tharisa, which has chrome and platinum operations in South Africa’s Bushveld, bought a 26,8% shareholding in Karo to increase its exposure in Zimbabwe
Google translate
I'm sure the patient will be rewarded here. I only hope this will be enough to pay for a hair implant treatment . The side effects of being a shareholder
They can always fall back on the 13mil each options at 5.8p the following year I guess :))
Still a year away but it would be embarrassing if they can't even achieve this by next april.5 mil each for Toby and Michael
The Directors' Awards will vest on a straight line basis, based on total shareholder return from a base price of ABOVE 7P per Ordinary Share up to full vesting at 14p per Ordinary Share
The options granted to Toby Hall are at NIL-COST, as are the RSU' granted to Michael Salazar (together the "Directors' Awards") and, subject to the achievement of vesting conditions, the Directors' Awards will vest on the publication of the accounts of the Company for the year ended 31 December 2020.
Dnpedia shows the same big drop. Ntld stats is slow to update, probably in another few weeks. That came as a surprise as it wasn't even showing as delete pending.
Little comfort that we have willing buyers at 6p.
such shame for him and us his investment didn't pan out the way he was hoping when he sold ICM.
well spotted
91,593,029-82,843,029=87500000
looks like sjl out for good
Whoever it is, selling that big a chunk at this price not a great endorsement of the value of the company is it? F@@@'S sake!
Sjl out the door?
That's just a bad idea selling anything during a pandemic. Who's gonna pay a premium?lucky if you get fair value.just wait for better times to come. Thank god we are profitable and a god cash balance, no debt and we don't have to do a discounted placing like quite a few companies do at the moment. Just have a little faith the business model is solid and we are making money and we'll make even more in the future. Mmx is one of the best placed company to take advantage of this situation. I get it you can't be to positive when you are in a big hole in regard to your PF but this price doesn't reflect the fundamentals that's for sure. Gla
It was Toby and this team that bought and integrated ICM , stripped down most costs to get most profit out of it , streamlined the whole operation . It was again Toby and his team that turned MMX around from a mainly one off high value domain sales to a recurring steady revenue business. This crisis is not our own goal. Remember only 2 months ago we were at 8 and probably with the full year results + dividend we would be over 9 by now. You would be much happier then. I know they get decent salaries for their work and I wasn't happy with the increasing number of options they get awarded but we have a good, conservative team running the show that got more things right than wrong.
ps: I'm not Toby :))
the company paid it's directors $148k less in 2019 than 2018 mainly due to no bonus for Toby and Michael. Both base salary went up 10% by $30k. non exec Guy Elliot took a pay cut of 42k so in line with the other non exec. Also Bryan is on 43.
This year we announced a few more additions to the board , quite well respected figures in the domains world. that means about 300k extra in salaries this year.
That tells me we are about to become a much larger entity soon and Toby is recruiting his men for a new assault .I hope this will be done together with some return to shareholders in the interim .gla