Member Info for RichTheNewbie

CaneToad - still nearly 30p lower than my buy-in price so I'm not going to get too excited just yet....however all moves back upwards to a more sensible level welcome ;)

Fairly sure the old FT article described this financing and buyback as using derivatives to offset the dilution whatever the share price. So I don't imagine it actually matters what the share price is and this is long since factored into the SP.

Not having any problems with IG here...are you pressing the right button? ;)

Nearly always the answer to this kind of question is: "because whoever you're using to trade is sh*t".

Indeed. Vod is currently my largest position.
Simply because, whilst it can, and does, go up and down with the market, buying at these levels and holding for a few years, gives you 7.74p*3=23.22p. Let's call it 23p.
So assuming the dividends continue at the same level, if VOD stays at 90p or above, you're in the money. If it stays at this price you're very in the money. If it goes up, you're very very in the money, after the 3 years.
Not great for old holders granted - but there's a good case for buying now imo.
Sadly* I feel the market is still addicted to growth stocks/stories (no doubt fuelled by years of money printing). When things get tougher, people will all still be on their phones, but many of these "growth stocks" will be having a far harder time.

*although I suppose I shouldn't say sadly as the flip side it allow me to buy at these levels.

Good work China. I might order some crispy duck tonight as homage ;)

Gecko - feel free to keep attacking me. I don't care in the slightest, having been around these boards for (I've just checked)...exactly a decade today ;), seen this behaviour tens of thousands of times (or more). As I say, it usually just means the person is overexposed and lashing out, or trying to attack people not ramping because they want to sucker people in.

Anyway, I'm off now anyway, you'll be glad to hear. Time to head into the office for once.

Gecko - I don't have any position on this (short or long) it's one of a few companies I look in occasionally out of interest to see what happens but is far too high risk for me (ironic I know considering some things I take a punt on :p).
I do tend to find that people who are overcommitted, or just shamelessly trying to sucker people in, try to claim any post not advocating buying must be an "evil shorter" though ;)

CorunnaB - To answer your original question, your bank probably won't care or check, is the reality. That really is a case of probably though - and there'd be nothing to stop a particularly officious bank employee from making life difficult for you - unusual as it might be. Therefore chances are you'd be able to do it and get away with it. Not that it's acceptable / a good idea.
As to whether you should, I'd say it's an extremely bad idea, and I'm saying this as someone who once did something similar (in a way) and it went well for. The reality is, despite having a blinder with the stock I picked, I'd still say it was a bad idea, and really was a loan to maintain a large spread position, rather than see it closed at the lows. I wouldn't have borrowed just to buy more stock and increase my risk (and I could easily afford it if it went to zero). I'd also factor into your mind an 80% likelihood (or higher) that your bet fails, the stock tanks, and how that would affect you. If you'd still be fine - with comfortable amounts of money - then that's one thing. If it puts you in a struggling position - avoid doing it like the plague.
I'm not going to come on this board saying "don't invest in this - it's rubbish" and annoy everyone. However it's most certain to say there's a considerable number of experienced people who are extremely skeptical about the merit of this stock (to say the least) and it's a million miles away from a sure thing. Anyone who's invested in resource stocks for any length of time would never say this is anywhere near even a 50/50 shot from this position (as we've all seen big claims/reports about resources that never materialise).
I'd therefore tread extremely carefully, if putting more than 10% of your free cash into something like this, which would be very risky in most people's eyes imo.
I'm sure some people will try to tell you otherwise but hand on heart I believe everything I said is true+sensible.

I'm of the opposite view. News doesn't really interest me and it's always best to buy when it's quiet.

So I'll be looking to add more and just a question of trying to guesstimate the exact bottom (as I've got a decent amount already so I can afford to be picky if I'm putting more eggs in one basket) but think we're in a narrowing window of opportunity here before production steps back up in 3/4 months time (and that's ignoring any other future drilling success) and see interest coming back because of that. 75koz next year with adjusted operating costs of $784/oz is an extremely healthy margin (AISC $1064). Then Singida comes online in the following year and it's up to 111koz.

I think really the only reason for the pullback will be people expecting Kenya to have been in production sooner than the presentation timeline but I think this leaves them in a "not seeing the wood for the trees" position and misses how well the company will be doing irrespective of WK (which is still looking brilliant - despite some market impatience imo).

Imo, it's almost a victim of its own success in WK, as it's distracting from what will be the company going back to a debt free producer, with good margins, and another asset coming online in relatively short order.

You can never know what Mr Market will think these days but looks like good news to me in the RNS.

Yeah VOD actually did very well today all things considered with the markets tanking.
It won't be immune from proper meltdowns, but on a day that saw many FTSE giants down 3 or 4% or more, being nearly level suggests that this is probably getting a bit more attention, which is no surprise with one of the highest dividends around, and won't need big growth to see good returns for an investor.

Gold is a safe haven. When the doo-doo heads fan-wards it tends to rise. So that's why.
Miners are down because the market thinks the turmoil might mean less demand for their metals.
This is actually one of the most explicable things on the market....everything else....less so ;)

As I said earlier....the warrants give them a no-lose scenario. It's not a good thing. They can short this stock. They can fill the shorts with the stock they hold after it goes down. If it went up they could exercise their warrants and still not lose out. This is why it's fishy and the sort of thing scumbag companies do (or ones that are so desperate for funds nobody else will give it to them). That's why they want them exercisable immediately - so they're covered from the start.

You're celebrating millions being dumped at the lowest price of the day? This board is nearly as weird as the Vodafone one....considerably less moany though at least ;)

I've seen lots of people saying this company is basically a big con for quite a while now....

I don't know if they're right but these warrants are very fishy in my book.

As these "IIs", if they really are that, can take the placing shares and short the b*llocks out of this, knowing that they're covered by their placing shares, and if for some weird reason the price rose above 26p, they're covered by their warrants they've been given.

Whiffy.

It's presumably due to this:
https://www.aljazeera.com/news/2021/9/16/guinea-coup-leaders-meet-mining-execs-as-ecowas-talks-next-steps

Double whammy here with being in both countries!

Whilst I agree the negativity is unhelpful...these chat boards make naff all difference to a company VOD's size. The nonsensical ramblings on here (bar the occasional rare person who talks sense) are all totally irrelevant.

Don't pay any attention buy/sell labels Graham. They're wrong most of the time. Even deliberately so sometimes (imo) by virtue of strategic spread placement and offered prices ;)

Only this messageboard could turn good news into imaginary bad news in an instant. Zzzz