Member Info for rylidan

This is still low volume and there are no bots being run, because no "A" trades. We just need physical progress towards a production facility. Then it will rocket IMO. At the moment some are slowly building, while some people have lost interest if they don't see a quick return.

When this got to 67p citadel increased their short to stop it rising further. This for some reason has reduced confidence and the novice investor panics and sells. Classic. As I've said many times if you invest in here you have to expect instability until the shorters have managed to exit. It appears that around 64p is their buy back price at the moment. Its extremely good value at 64p IMO. They still need at least £25m shares between them to buy back.

Agree SA is probably the best opportunity. I'm in average down mode right now. Not piling in all at once. Have a nice holding of seed cash in here already. My target is 10p when we are at full production capacity (2027?) in the opportunities we have, and expect by then to have a good pipeline of add ons. It will be a roller coaster without doubt.

You can find your trades on the other IOF page on this site. Also who is having a larf with the 123 trades?

Personally hoping it doesn't rocket for another couple of weeks. I should be OK, as this will probably start to rise quickly when we get reports of progress towards production.

Agree, expecting divi to go up a bit. However, also happy that they use funds to expand rather than take on more debt. A 5% yield is fine for me.
I'm a firm believer in buy backs when there is spare cash and no expansion possibility. So my preference would be to use spare cash on the mintails development.

Available on London Stock Exchange but not here?

Provisional summarised audited results for the year ended 30 June 2022 – SHORT FORM ANNOUNCEMENT

HIGHLIGHTS

Excellent safety record maintainedRecord gold production, with production increasing by 1.9% to 205,688oz (2021: 201,777oz)All-in sustaining costs (AISCAPM) for the financial year ended 30 June 2022 (current financial year) of US$1,284/oz (US$1,261/oz), a marginal increase of 1.8% when compared to the financial year ended 30 June 2021 (previous financial year)When higher cost operations are excluded, the AISCAPM for 87% of the Group’s gold production was US$1,145/ozNet cash from operating activities increased by 45.1% to US$110.0 million (2021: US$75.8 million)Profit after tax of US$75.0 million (2021: US$74.7 million) and headline earnings of US$75.6 million (2021: US$74.7 million)Earnings per share (EPS) increased to US 3.90 cents per share (2021: US 3.87 cents per share) and headline earnings per share (HEPSAPM) increased to US 3.93 cents per share (2021: US 3.87 cents per share)Net debt reduced by 66.7% to US$13.0 million (2021: US$39.0 million)Final dividend of ZA 18.00000 cents per share or US 1.04046 cents per share at the prevailing exchange rate, proposed for approval at the upcoming Annual General Meeting (AGM)Evander Mines’ underground life-of-mine (LoM) extended to 14 years, with increased expected gold production and development capital internally fundedTransaction to acquire Mintails tailings retreatment assets expected to be concluded by 30 September 2022First phase of share buy-back programme of US$3.2 million (2021: US$ 0 million) completed9.9MW solar photovoltaic (PV) renewable energy plant at Evander fully commissionedFirst commercial harvest at Barberton’s Blueberry project in progress

Totally agree. All opinions welcome. It's when someone pretends to being long and is forever grumping that doesn't hold true. More than happy to listen to a shorters view, as long as they are honest.

FUKUTU, Obviously a good name for someone holding a short position, lol. Looks like the other shorters are closing and slowly moving long? Perhaps you should consider fukutoo

I would like to :)
Sadly it wasn't me though

On the bright side, as soon as the remaining Citadel shorter exits we should be off to the races, and back up to near true value. DyOR

Just one of the shorters now showing as above 0.5%. That was one hell of a number of share to have bought back in a few days. I personally think they have not been declaring their purchases, while they rob the PIs of their shares by expecting Tom's 55p promise.

Looks like an 800k buy went through late yesterday at 64.52. Possible further reduction in citadel short? Maybe indicates the price they are aiming to close at? Anyway, I'm happy with my recent top up.

Looks like truss will tackle fuel, which is probably the key inflation driver. Very good for everyone, and UK economy.

Just a quick question out of interest. Do shorters pay stamp duty when they buy back their shares, as they never actually owned any? Or is that a tax loophole that needs closing? Tom will obviously know.

Tom, I don't care if the price falls or rises. As an investor I'm here for the dividends. Will buy more if it goes lower. At the moment a 15% APR for a 7 month investment.
BTW "ramper" is a term used by shorters to Diss real investors.
The shorters are digging a bigger and bigger hole for themselves with huge numbers of shares to buy back.

Stocks have a set share capital. Then supply and demand will work. When you have shorters increasing liquidity significantly on any demand, that is in my opinion manipulation. They then use auto/algorithm trading that appears to automatically buy when there are O trade sells, or to sell when there are O trade buys. So the net effect is we fall when PIs buy, and rise when they sell. That generates confusion, which is exactly what shorters are aiming at.
Trust fundamentals and decide for yourself. Already topped up today. DYOR

Sadly won't be going higher as can't buy more than 2000. Can sell large amounts though, although I'd like to buy, not sell.

wouldn't like to be in your head Tom! It must be a very depressing place to be. Always look on the bright side for a longer happier life....

A divi would be very welcome. As they are making a good profit now, with debt almost gone, I don't see why not. Borrow to grow.
Share supply seems to be tightening. Half year results in around 4 weeks.