Next big date is 30th - or is it?25 Apr 2014 07:11
I have read posts during the past couple of weeks when the sp was on the unsustainable rise, Schlepper, Wealthmanager, Corbs and other oldies and new guys who've posted here...some really informative posts and got me thinking about my long term stand on the company. At one point I thought I should sell at 12p and the re-invest but tbh, I believe the company has got lot more potential! Not going re-iterate why as it has been mentioned time and time again.
I would be much happier if the sp stays at 7-8 p level now till some good news. That leads me to my next point, is the good news out on the 30th...yes and no. Yes as there will be some positive statements made by Pekka, however up until Q4 last year it was all doom and gloom for the company! So the financials for last year shall not be a pleasant read...I don't think. You can review the financials from the past years on their website: http://www.talvivaara.com/investors/financial_information/financial-reports/2012_Financial_reports to get an idea of the type of information included and what period is covered.
Whatever news spiked up the share price might not be part of the release on the 30th and will have to be released separately as the financial statement for last year should not cover Q1 and 2 2014.
The list of other reports that shall be out on the 30th can be found on: http://www.talvivaara.com/investors/financial_information/financial-reports
Now unfortunately they are all pointing to the reportable period to the end of 2013 which will not do much justice to what company has done up until now this year. Hopefully, they will all have a section / paragraph to say that all the negative figures have or forecast to improve next year due to increase in nickel price, re-organisation, sustainable operations, etc. etc. But I am not sure what the rules are for containing information outwith the reported period.
If companies are not allowed to cover any periods outwith the reporting period, then I think my next key date will be 28th May for Q1 2014 interim and 14th August for the second quarter interims. I hope the company issues RNSs that could justify recent sp rise tho, surely there will be people who have crossed the RNS reportable shareholding limits over the past couple of weeks...but still no word?! The company has been poor with their communications in the past and deferred publication of some of the key results, including the finacials out on the 30th...grrrrr!!!!
Now, another damper to folks' hopes...the permanent funding solution shall not be part of the news on the 30th because:
- the company said last month that over next 6 months to a year, the company would work to secure permanent funding, not sure how they could have secured something so quickly? Unless that's what caused sp rise and in that case your guess is as good as mine!
- but again that can not be published in the report for period ending 31st Dec 2013. The Nyrstar loan agreement might not make it to
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