Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
Interesting the scale of the drop with such a low volume... Could have done without this - I appreciate that this will move with the spot nickel and gold price but even if the current levels were permanent we'd still be making profit and have assets well exceeding the current market value.... I honestly thought that these days of big drops were behind us.
So if we are generating 60,000 oz a year then this 2% reduction on price of 1250 equates to additional revenue / margin of $1.5m per year for Freda at current production rates? Better than a kick in the whatsits.
And already up. Thanks. Yup, we were hoping for better results, but it's not all going to happen overnight. It was great to be able to buy a large chunk back in again at a huge discount to a week ago, when nothing has fundamentally changed except all the short-termers who though they could just jump on the bandwagon, get a Q1 set of corking results and then dump their shares for a mssive profit just got burned and will doubtless bail. I have to admit I sold out most of my holding when we hit around 4p (just under) but I've been itching to get back in again, so this was very helpful.....
I had seen the presentation, but they have stated that there would be a "trading update" update early July. This is just an investor presentation containing existing material, not a formal statement. I'm subscribed which was why I was wondering where the statement was. Maybe I've got the wrong end of the stick from the last update but it seemed to imply that there was going to be a formal trading update. Thanks for the response - it's nice to know there's someone else out there! Good luck to you and all who are invested here. R
Sorry, there's nothing on their website and nothing on any rns / news on any sites. Any chance you could post something as I've seen nothing and I would have thought we,d see some movement on the SP (one way or another). The last update stated another trading update early July. Thanks
I'm not sure I'd call this "early July"... quiet as a mouse here, and virtually zero trading. A spread less than a mile wide would be nice
I originally came in around 15p expecting that the lowest it could possibly go was 10p, bought more when it hit 10p - expecting the Kenya stuff to turn around. Then sat and watched it collapse! I bailed at 7p. Bought back at 4.75, doubled up at 3.25p last week but sold that straight away on the same day for 3.75p (the only thing I have actually done right with this stock!). I really dont understand how they have managed to knacker this. How hard can it be to dump Kenya, and just focus? Surely that's why you set up these companies as subsids so you can just close them and we dont have to pay out the holding company? What do I know. If this drops down to 3p again I'll double up once again. But knowing my luck it will then drop to 1.5p! I'm hoping that they have actually got all the recovery operations making a profit again so full year we will be up. Then next year will mark the start of a slow and long trudge back to double digits..... Good luck all. Thank Goodness for MWANA. It's saved my poultry portfolio from certain death!
Will probably sell them at 3.75 / 4.00 now so have reduced my average price. What a silly morning
What on Earth was that supposed to be? Absolutely no use whatsoever. I really dont get what they were trying to do by issuing this. Well, at least if they are going to post full year profits it means H2 operating profits of more than 700k so we can expect at least full year profits of 1.4m next year even with the current issues. Let's hope the Kili stuff is resolved soon, and they can get their bleedin act together
But I will double check when I get out of the office. R
You get the full divi, you also get it the day after the ex-div date straight into your account as cash. YOu also (of course) get the same drop in SP which normally equates to the divi! Funding (as mentioned by KD is minimal). I prefer SB if I think the SP is likely to rise a lot as you pay no gains tax. I also prefer SB if I plan to buy and sell many times over (small chunks, or in and out quick). The spread is marginally more, but you don't get hit with buy charges, sell charges, stamp duty, and all the other cack. It's very simple. Wouldn't do it any other way, or I'd do it through my pension..... Each to their own!. I made a ton by going very long on high divi stocks that were over 5% return, and then placing a stop loss within 3% (meaning a guaranteed payout of at least 2% overnight). But they now prevent that by moving the stop loss as well when they pay the divi. bUt it was great while it lasted....
Don't want to pay tax on the huge gains.......
50,000. First dip of the toe back
I had high hopes for this and first invested at around 10p, then 12.5p and then 15p.... But now I'm back in. Fingers crossed we see some good return to profits in the next trading update August and a meaningful divi.... We'll see.
By my calculations (if TMC owns 50% of the remaining 75% of BNC), the value of the TMC holding of BNC at the same price ENK have sold theirs at would be around £8m (at 1.65 exchange rate). Current market capital of TMC is £8.8m. This means that Ipilan is not priced in at all. Given that TMC's portion of Ipilan was being touted at a valuation equivalent to 17p a share this means that we should be priced at 34p a share at the VERY least. Wish we had some news on why we rejected the Ipilan deal and what they had priced it at.....
Does anyone have a reason for this drop? Is it due to the Tsunami or something else I wonder?
I would have thought the opposite. Given that the US was shut yesterday, I would imagine that lots of folks will come into work to see that their Cadbury shares are up 40% and sell. This is about 60p above the actual offer, so even a counter offer wouldnt be that much additional profit. To be honest I'm surprised that people are prepared to buy into this after a 40% rise, and at a premium to a rejected offer (regardless of whether a counter offer comes). Having said that, I'm shorting this quite heavily so maybe it's wishful thinking!....
All this says to me is, "we need some cash to keep us going another couple of months while we wait for this massive loan to come in". Hopefully that's not the case, and they need this for other projects (otherwise they completely lied in their results by saying that they were funded until the end of the year). I was in this to the tune of 600,000 a few weeks back, but have sold down to 450,000 at 8p and 7.6 today. I still think that there is massive potential, but dont like where this is pointing short term to be honest. Be grateful for some more optimistic feedback!
Cant help wanting the magic day to come where these have absolutely rocketted up! I'm not to good at patience...... I'm very surprised that there arent more people in this from the LSE / iii websites. It would seem like an investors dream, but I guess not for day traders?
By my calculations we are due for an update on the $20m next week. Really cant understand why this isnt flying. They have 78% of Caldag which anticipates $50m a year free cash flow, and 40% stake in the Acoje project which looks to have even more potential. The annual free cash flow from these two mines alone is worth more than the entire company. Couple that with the fact that the technology for heap leaching is theirs - which allows them accumulate stakes in otherwise impractical mines at a low cost, and the fact that they already have 20% stake in Toledo and their mining endeavours, and I really am baffled as to the stagnancy of the share price.