Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Paul, like you I am a long term shareholder and disturbed by the lack of consistency shown by our CEO. At the 2023 AGM Mr. Hogan forecasted that the gold price would drop and announced that the company had spent millions of dollars on a hedging strategy, He was wrong. He then used this as a justification for slashing future dividend expectations. In fact the gold price rose in 2023 and the eps increased by 27 per cent. Mr. Hogan`s response was still to slash the dividend by 39 per cent ! Keynes famously said "when the facts change I change my mind ". It`s disturbing when CEOs cannot follow this approach, but Mr. Hogan has shown little commitment to the company by buying very few shares while being paid a very large salary.
Sorry lemonade, but I don`t see airlines as risky. Much higher chance of being killed on the motorway driving to a wet and windy Cornwall.
That gives the company a P/E of 8. Pathetic for a business showing such growth. Really think that the directors need to consider graduating from AIM even if it upsets some shareholders Inheritance tax planning.
Tibbs,
This is what is known as a one way bet.
No performance conditions attached to this award whatsoever.
What would happen if there was a bid for the company would this award lapse or would the option be triggered and the management could walk away with the cash and try to the same thing all over again ?
Market unimpressed. To spend less than 3 weeks pay on buying shares is not going to cut it. Horgan now owns to 200,000 shares in total. Less than I do and he does not have to worry about paying tax on his salary in Jersey. He must think his investors are stupid.
Razor, thanks for posting the tweet. A very clear and positive statement from the Chief Executive. I listened to this on Friday on IG and added to my very considerable holding then. I felt on the Conference call on Thursday and the subsequent the session for individual investors in the afternoon, in which investors were not allowed to put direct questions live to the management were lacking in clarity and did not do justice to future prospects. Glad the management have now put out something that rectifies that impression.
Tibbs, its not ramping allegations. It is the fact that you were being very bullish about the share at the time that you claim you foresaw the issue in the open pit, which led to a material fall in the share price within a matter of days. It s clear that no one should place any weight on the comments you make on this board.
Spoonington,
Pleased to see you have recognised Mr. Tibbles for what he is. Contrary to his claim that he had seen through the previous management and was a critic of their mine plan the reality is that on 8th October 2020 days on this board, days before the issues about the open pit were revealed he was trying to ramp the share price summarising a Jefferies note which contained a target of 240p !
The fall is due to the incompetent govt. that we have. There have said that they will massively increase the energy subsidy to households maybe up to £100bn. This will be added to the nations debt and will not be funded by an increased windfall tax. However, until they announce the measures in the House of Commons it is easy to spook the markets into thinking that there will be an increase in the windfall tax and despite the very good results yesterday Enquest falls in value.
Any one know what Barclay`s assumptions are on the oil price. It very easy to come up with whatever numbers you want especially when interacting with the windfall tax which Rishi has said would go at an unspecified lower oil price.