Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
Do you honestly think that the thousands of people employed in Business Banking have never thought of lending against Assets such as Inventory - if so you are deluding yourself. There is nothing new in Syme’s offering and they are likely to only pick up customers that the traditional Banking sector don’t want
The mine and Hum may be OK in the medium / long term but my worry is that they will suspend operations in the coming weeks / months on safety grounds therefore closed my spread bet position
To quote Churchill ‘Ooooh Yes’
TYB and others on here - I have followed Zen for years and lost on it. It’s a celebratory complete dog and AC is totally incompetent - I met him years ago and he said that share dilution is not going to happen (there were 100 million shares then compared to nearly 900 million now) and he was predicting £1 per share. I would advise sell now and ta take what you can
Still have reservations about DB - his arrogance in the way he treats shareholders and the Dugbe deal is clearly designed to line his and the FD's pockets. Having said that even they can't **** Hummingbird's potential at he current POG
Could be all sorts - Capex (including capitalised drilling costs) / paid down payables / Corporate costs (not in AISC) / Tax Bills etc etc to make the $11m difference
I agree that, overall, it never seems to surprise on the positive side but they did quote an ongoing profitability figure that is encouraging (I sold third of my holding prior to this but will re invest if it pulls back)
Very simple P&L all approx for Q2
Sales 30koz at $16.7k $50m
Cost of Sales = Opening stock plus production less closing stock (17+24-10) ($31m)
Contribution $19m
Deduct from contribution Corporate overheads / Drilling costs and Debt reduction to give a rough cash generation in the period (assuming depreciation is roughly equal to Capex)
Andinio - your inconsistency and nonsense is baffling - just 2 weeks ago (the price at 12p) you said 'Orph has peaked.
You don't want this dinosaur of a company taking up valuable space within your portfolio.
Cathal can barely speak with clarity. I know, it's problematic.
Let me help you ..... sell.' --- Total clown
Not exactly Mart - a mid point value for Immutex of £300 million would only give us half that as we own 49% but still a very nice figure
Amazing that they plan to sell / float Immutex giving OO shareholders up to 30p per share (in the next few months) and we are still only valued at 12p!!
If they had done a Cora with Dugbe and reatained the 51% it would have sat better with Hum shareholders. Its the DB (and Co) taking a chunk that riles many SH. On a side note, they are anticipating a rise in costs at Yanofilla at a time when oil has taken a big plunge in price - seems a little strange!!