Member Info for Sastech

Maybe the drop was because people were de-risking in case the results didn't meet expectations.
Results were great.
CEO discusses latest results with Justin Waite on Vox Markets Podcast and seems very bullish, just Google it and take a listen.
SP going back up now.

VV, if you want to stay in gold and think that the Acacia situation is going to be resolved, you could try Shanta Gold, which is also in Tanzania but apparently with very positive relations with GoT. They have just released an update for resources and the CEO is hyper bullish. The share price is depressed because of the Acacia issue and the GoT has not paid a large chunk of VAT back to the company. The CEO seems to think that once Acacia is resolved, the VAT will be paid plus Tanzania will be less of an investment pariah and many think the share price will at least double.
Might be worth a punt with some of your Barrick funds, but as always, check it out for yourself.
Here's the interview with Shanta CEO:
https://www.proactiveinvestors.co.uk/companies/stocktube/13812/shanta-gold-reports-best-drill-results-in-15-years-from-bauhinia-creek-13812.html

You could be right, NT8, but what if not all the rise was related to the recent gold price rise and some resulted from improving sentiment due to the legal framework shifting in Egypt and effectively making the court case obsolete, as reported on this board by some of our valued long-term regular posters.

Then again we have Mohammed Morsi's death and who knows how the people of Egypt might respond to that.

Also, with developments in Iran potentially destabilising global commerce, we could see a rapid gold price escalation.

On balance, I think I will stay invested in CEY for now.

It's moved now Villages, not by much, but by raising the ask, the flurry of big trades look like sells, but must be buys.
Hopefully, a steady rise from here.

All the big trades seem to be buys.

AGM scheduled for next Wednesday and sometimes get a statement to the market via RNS beforehand.

I see a few late buys of £50, £60 and £70k, all about the right size for some wealthy Lords on this committee taking advantage of the early nod that the case against PFC is closing and thought they'd get in ahead of the rise perhaps.

SFO criticised for slow pace by House of Lords committee

Average SFO bribery allegation takes 4.5 years and some don't get an update on their case for 18 months:

http://www.cityam.com/274638/house-lords-committee-slams-fraud-office-slow-pace-bribery

Could be a useful competitive advantage:

Online Footasylum customers will be given the option to pay using Laybuy from today, and it will be rolled out in the brand’s 70 high street stores later this year.
Laybuy, which was launched in New Zealand around two years ago, asks customers to complete an Experian credit check before allocating shoppers a spending limit of between £60 to £720. Shoppers can pay off the cost of their purchase over six weekly payments.

My2P, I am interpreting the HSBC note as suggesting that they estimate that if the share price gets down to the previous low of £3.55, it would mean the market has priced in a fine of $2.5 bn and that the current share price of around £4 is pricing in a fine of $2.25 bn.
For them, that may mean it's a 'hold', but if you think any fine is likely to be much lower then it screams 'buy'.

RNS notified of Shroders buying and now 11%, which helped the recent run up, but who is offloading?
Once cleared, this should change direction, just difficult to predict the bottom.
Doubt it will get back to the low 20s again, but feels better to wait for the turn and then buy on the way up.

According to the last RNS, today was the scheduled site visit, 7th Feb, did anyone attend and maybe report back anything of interest?
The share price is down by a couple of percent, although not many trades.
Perhaps everything was as expected and already in the share price after the recent run up.
Anyway, a nice steady rise is better and easier to maintain, so all looking good here.

Make sure you catch the whole 20 mins, just realised that link is only the last 3 minutes for some reason.
Here's the longer version: https://www.youtube.com/watch?v=t1ngZRKjJ6s

Those interested in the politics of Tanzania might want to listen to today's Hard Talk on the BBC World Service with Stephen Sackur interviewing opposition MP Tundu Lissu who was shot 16 times and survived.
They discuss Barrack and the $300m and $194bn.
It seems that President Magufuli is well entrenched.
https://www.bbc.co.uk/programmes/n3ct4f9z

3 big buys this afternoon, each of 147,000 shares.

Saw the below quote in CityAM this morning, bodes well for Blackbird especially with today's RNS:

THE GLOBAL sports industry is on the brink of “unprecedented commercial growth”,
according to a new report by Tata Communications. The firm said new tech such as
streaming platforms, esports and virtual reality are set to boost revenues.

Rather large bid offer spread though...

Just looked up Laurence Vaughan and seems he's a fund manager and as a result sits on several boards as NED or Non-Exec Chairman. Maybe they have recycled their capital, so he's moved as well.
IDOX website shows his personal holding was only 232,250 or a tiny 0.05%, so hopefully nothing significant with this announcement and the share price has hardly moved.

You're right Oldone, it does seem negative that he is leaving with immediate effect, although he's been with them since 2015, so he could have bailed a year ago when the share price tanked.
To give no notice would normally mean a conflict of interest, a clash with the rest of the board or simply health reasons.
The share price hasn't done much since it crashed last December.
I remain hopeful that the company will report improved trading and the share price will begin to climb.

RNS today of full year results showing a year of transition as expected.
Stripping out the various negative impacts of the transition shows a company consolidating and growing revenues and profits.
It's a fragmented global operation stitched together with a new strategy to provide clients with a wider portfolio of services. If each segment continues to attract new clients and cross-refer work, they could do very well and it the valuation looks attractive The only outlier appears to be Hive, both in terms of its market and recent performance. Maybe the share price would respond positively if they decided to ditch it.
If they execute well, we could see a steady rise from here.

Now the company has disposed of its legacy print business and re-positioned as a new tech marketing business, will the results due on 9th October, begin to show better margins. Likely to have a bunch of costs due to restructuring, which may hit net margin, so let's see if they still look good enough to boost the share price.
Might even become a target for Sir Martin Sorrell's S4 Capital after they swallowed Mediamonks.
Good luck all long-term holders.