Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Please keep posting Steve, some useful insights and valuable balance. I am thinking of investing back in to UFO having lost a fair whack on it a year or so ago.
Seems more de-risked now but considering whether it will fall close to 0.7 before placing is sold and it recovers.
I find “DYOR” is usually best read as “I have just ramped the **** out of this, and I don’t want any come back if you swalllow it” :)
Why wouldn’t you wait for a capital raise if you knew great news was coming and you could make more cash in the sale?
Were you drinking on the train?
why does that make perfect sense?
excellent RNS that
and as if by magic, some news!!!
a nice little RNS that too
Well they are doing a pretty crap job if that so far
Please bloody do!!
This BoD obviously don’t give a **** about the bleeding SP as otherwise we would have some updates, anything would do to indicate someone still works there
Some proof or is this just a hot air ramping post?
Another meaningless pronouncement with zero evidence, which sky fairy do you worship exactly?
do you have a link to the original SWS tweet?
Smelly - now rather than not??
Why would the bidder see the JORC before it is publicly announced.
Great RNS - the board are simply trying to keep us informed the sale steps are progressing, if they hadn’t we would continue to see the SP pushed down
"Upped again to 10%. Who is M Ward ?"
ex Hunter MacDonald founder, also invested in IDP and CLCO - knows his stuff!
https://www.lse.co.uk/rns/CLCO/appointment-of-new-strategic-adviser-zvfthr4kfvpwdju.html
Why does properbrutal have dig around and prove to you something he knows is true as its hi job and industry?
Ha saw that, Holy Cow confirmed they will still deliver tonight - ohew
Agree you have to take posts on here with a bucket of salt, it’s 70% rampers, 20% sensible and 10% detractors IMHO. Look at the for-fun post about SP predictions at end of today as an example of the ridiculous lack of realism (25p plus?)
Today’s SP was utterly predictable given the inability of firms to write RNS in a positive but factual way. Not sure what limitations there are but half a dozen bullets explaining the numbers exceed expectations / explaining they represent and NPV on only X% of likely assets / extrapolating that to an encouraging MV for the company.
Instead you get 2024 and “in for the long term” comments that make all ST PI traders dump
Nice note here:
https://stockhead.com.au/resources/sprott-ceo-rick-rule-says-the-easy-money-in-uranium-has-been-made-and-the-next-big-contrarian-play-is-gold/
Highlights:
“Right now, in the US market, precious metals and precious metals related securities constitute one half of one per cent of the total savings and invest assets.
“0.5%. The three-decade mean is 1.5% to 2%.
“So, if the combination of quantitative easing, debt and deficit and negative real interest rates just propels gold to its three-decade mean, demand for these products triples.
“And that is precisely what I think is going to happen.
“Because the gold price, and gold stocks haven’t moved [up] for year investors haven’t had validation. It is an asset out of favour.
“Producing gold companies, including some Australian gold companies, are probably the cheapest they have been in my career.
“They are generating massive amounts of free cash flow; 25-30% free cash flow on existing operations.
“These are very, very cheap companies – and they are cheap producing a commodity I am also bullish on.
“Northern Star (ASX:NST), Evolution (ASX:EVN) – those sorts of mid cap names. I would say any gold company in the world with a 10-year reserve life that is operating on a 20% free cash flow yield is just stupidly cheap.
“And if the gold price goes up — which I think is going to happen — that is icing on the cake.
“But you don’t need the gold price to go up to understand that these companies are generating substantial surplus capital and they going to begin to return it to shareholders.
“They are either going to take over other companies – and in that case you buy the M&A targets – or they are going to increase dividends, or they are going to buy back stock.
“Three virtuous choices.”
Many thanks all