Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Buy Buy Buy LOL
Debt and cash funding from yanifolila confirmed as funding source. Existing operations removes need for equity funding as per dan Betts most recent interview
This has been hammered to to hard in my opinion. Dan did say they were resequencing the life of mine plan to up AISC whilst POG is high. USD devaluation against WFR hasn’t helped but hopefully that should recover.
Q1 may be challenging too, but upsides are there for the patient and now loan is nearly paid off that is 6 mill a quarter for re-investment!
Do we know what is happening with SEC?
Anybody on here a client of GIS?
Musk satellites are great, but have you seen the hardware upfront cost and monthly charge. We’re in different markets here!
I too think this RI talk is premature. Should government not extend policies I.e rates holiday, furlough, vat deferral etc then of course funds will be needed, but until the budget is announced no one really knows. In the meantime online trading is strong and becoming very profitable at £2.79 for a personalised card instead of our usual 69p in store cards.
Underlying business is strong, always birthdays, weddings, Xmas etc for cards and gifts. I think you will see the board reduce stores, take on more concessions and focus on the digital offering challenging moon pig on VFM. The future is bright, just a temporary COVID related blip. Online trading - coupled with government scheme extensions announced at next months budget should keep wolf away from the door until vaccinated population get out spending again this summer. AIMO
Just ordered an array of birthday items online - notified of busy period. Bodes well for current lockdown trading. Hopefully we can get a good blend of sales mix per their strategy plan once we reopen. I think the future is bright.
Costs are spiralling as expected. Huge jump in AISC, however still 26m profit so not all back.
Just done my bit too. The new app is really impressive. Simple and straightforward, love the insta story esq product showcasing! If they get the message out that will really drive sales.
I think it is falling due to exchange rates. XOF vs USD has declined 10% since start of the year which means costs will have gone up. Significantly declining in Q4 - I think you will see a ballooning AISC. I hope to be proved wrong.
Assuming we can navigate through the SEC debarcle, No way I’m selling mine for 1p - doesn’t even value business to cash balance on hand. At 1p divi yield is 10% and just because it is private doesn’t make the company worth less, arguably more based on enterprise value. Happy to hold and collect my annual dividend!
Received my dividend too.
Look forward to hearing the proposed “fair” share buyback price in due course!
Not sure, what difference does it make being a private co. Vs Listed Company in this scenario.
What do you think of the SEC claim? Does it have merit. I definitely did not see that coming!
It is only being taken private, not going bust. Dividend will still be paid. I imagine when we look to sell shares privately we will get a better valuation as the point is the market is not valuing a premium to our very profitable fintech business. I’ll hold my judgement on JG and wait and see. Each to there own. Have a great Xmas all
We buy £100m of stock items from US.
£ is strengthening to USD and our buying power is cheaper.
This will bounce strong once retail sector eventually recovers.
As they say “card for any occasion”
GBP is strengthening vs USD which is good for CARD as we purchase 100m of stock items each year.
Vision is £105m pbt by 2025 based on new business strategy so perhaps we can look forward to the days ahead rather than miss the days of past (fingers crossed)