Member Info for Robbie11

Yes, Iain Macleod was a great man. As Colonial Secretary he gave independence to our colonies and avoid the problems that the French suffered with colonial wars. If he had lived and remained Chancellor we would probably have avoided the great inflationary bubble of the mid 1970s.

I listened to the conference call and it confirmed that the take over of Centamin was at a ridiculously cheap price. It was stated that based on Centamin`s results for the year ending 31.12. 25 it was bought at a p/e of 3 ! The decision of the Cey board to cut the dividend prior to the bid is extremely questionable. I wonder why the Cey CEO was given a £20 million pay off following the acquisition when there was no contractable reason to do so ?

3bear, you are right in your analysis and like you I have voted no. I`ve been involved with markets for 40 years, including time as an executive director of a FTSE 100 company and I can assure you that a great deception has been perpetrated here over a considerable period of time.

Yes, I and my brother in law called in. Their statement on the call that there were no calls in was false.

I have just instructed my proxy to vote my 1,114,793 shares against the proposed takeover by Anglo and my associates will vote a further 196.800 shares against the transaction. This morning results demonstrate that Anglo`s offer materially underestimates the true value of the company.

Aim shares are exempt from Inheritance tax. Hence Mr Meeson `s desire for the company to stay in this backwater. Maybe Rachael will remove this curious exemption and then the company can secure a proper listing and achieve a rating which reflects its track record and tremendous prospects for the future.

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.

Labour will decide the future of this crazy tax .

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.

The quality of the results have exceeded my expectations and give confidence that the company going forward can achieve materially better profitability.

Best news out of the company in 3 years ! The market is just so short term it can`t get it.

Looks like a lot of the new shareholders have sold out at a 13% profit in one day. Nice work if you can get it.

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.

I don`t mind windfall taxes per se, but the disallowances of tax losses brought forward which are the result of billions of dollars spent on investment is nothing but a fraud.

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 !

Spoonington, absolutely right.