...... the headline drop in profit was always going to weigh heavily. The company do deserve some credit for managing the CV situation well thus far (see Polyus). Have no doubt the market will soon start looking forward to the rewards of 2020 production rather than back at 2019.
Undoubtedly he has had some hits to be fair but he's got this one wrong IMO. I think this is a case of pick a high profile share with a large retail following - write a sensational teaser and collect multiple 99p's. My only concern here is that we don't over recruit and are left exposed to a punishing wage bill post CV. Where he's got the ramping CEO from is beyond me - should NCYT pretend they aren't working flat out to supply over 80 countries worldwide with their premium product???
Just noticed they went 5.11% short reported on 4th May. Still showing as 4.61% on here though. Guess the arbitrage theory on the convertible bonds must have mileage as they'd be blown out of the water by now? Didn't they start shorting POG around 10p?
I would also point out I have never posted a 'buy' opinion on the above tab and have never encouraged anyone to buy more. If anyone interprets my positive posts as a buy signal that's their business. I've posted plenty of critical stuff over the years so I really object to this attempt to cast me as a ramper, whoever this is turning up under a new handle, is way off the mark. As I'm working from home more than usual I probably am looking in here a bit too much and will use this fractious period as a good time to knock LSE on the head. GL to everyone who posts their opinion honestly, that's all I've ever done.
Okay I'll help you DSM this from me in March, "Need to hear the plan on cost reductions as well, might be a bit more inertia on that one :) I won't be happy if they drag that into April and then we hear something along the lines of "From May the Director's will accept reduced salaries of.....". EUZ your shareholders are watching!". Totally at odds with your badly informed characterisation of my position DSM. Come on find something to back up your assertions!
DSM if you would like to check back you'll find I've been more vocal than most in my frustration at not seeing the budgetary measures materialise. I don't want to open wounds with Bobby as we rarely see eye to eye but he actually opposed my call for salary cuts when nothing happened after the March CV update. I suspect, since you find it weird that I post every day that you're not in touch with my thoughts on budgetary measures, have a look back through my posts and show me and the rest of the board when I have pretended that "Us shareholders are not due an update considering current circumstances". I've challenged LR directly and frankly (though politely) about the need for salary cuts, have you?
Yes Drunk you're correct about that but there is a flu vaccine. The problem with CV is the unknown and with the NHS on a knife edge at the best of times it would have been too big a gamble to continue with the UK's initial maverick herd method :) The science was right but without a flattened curve we could have had massive overload on hospital beds, let alone ventilators. If you remember we had some dire predictions about the death rates on here a couple of months ago and I was critical of that as it obviously wasn't going wipe out millions. I think I mentioned 3K deaths a year in the UK from fuel poverty. Now because of lockdown we have people afraid of presenting at A&E with other serious conditions, vulnerable children at heightened risk, increased domestic abuse risk plus a likely spike in alcohol related conditions (you can put me down for that one). So yes it's a complex matter.
Okay well we all need to let off steam I suppose, this is pretty frustrating. If you look at buys and sells today it's mostly buys in quantity, we know thanks to Obone that 0.0215 is a buy so that's six buys / six sells and the biggest is a buy. No volume on NEX.
Teaye mentioned that LR had said they'd had a result in from the testing but not all that's why I thought it might possibly be news on a contaminant. By the way just realised that the ore-sorting is being done at WA as it says so on the last met RNS so forget the rubbish I posted about Tomra :) Mind you that leaves the third country hosting our samples up for debate. Sorry Teaye your post is being picked to death in this vacuum.
To be fair Drunk although I think they have handled it badly (slow to testing, PPE shortages etc) they had no choice but to implement the lockdown for fear of the NHS being overwhelmed. As for POG it's likely now that with Polyus having a Covid problem however manageable, it is weighing on us. The 23rd March update was very reassuring perhaps another one is due.
Hi Teaye when LR mentioned that a part of the metallurgical work had come back did you get the impression he was referring to deleterious elements or part of? Would like to know that if Cadmium and Mercury are present they are manageable at smelter.
Interesting figures Bobby - stick on the three more recent raises and it might not be unthinkable that funds could be recouped (though I accept there are a multiplicity of factors to account for to come up with a 'real' figure). How do you price in mental torture? :)