Member Info for Slickharry

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)

So enough cash to pay the current complaints provision.
Going to be a cash call for working capital purposes coming I’d say. Thought?

A cracking Q2 over at Shanta released today. Hopefully we get an equally fab update in due course

Iron ore dropped 5% so probably reason for the sp fall

It reads to me like they won’t be persuing that arrangement following independent mine financing. I assume which is why we haven’t released an RNS

Looks like a reverse takeover in essence to get ARX listed on Canadian stock exchange - now we know how they are going to raise funds to earn in their 49% stake in dugbe.
Sounds like progress to me. Anyone else?

Thanks for your comments, I’ve put it at 1000 as dan mentioned with the higher gold price he will re-sequence the mine to smooth profitability over long term. I assume this means get the higher to reach fruit now and pick the ground height fruit again should gold price fall. If that makes any sense lol

Just updated my forecast for this rising gold price and at 1700 gold and all in sustaining cost of 1000 average for the full year I estimate pre tax profits of £42mill with ebitda around £90mill. Not bad for a £100mill mcap company. I look forward to H1 accounts and seeing how my simple model stacks up!

I think I’ll e-mail and ask.

I wonder if the banking covenants restrict a dividend?
£5mill would be a 5% yield at current mcap and I imagine would stop SC selling down. Only thing I can think of which makes sense in this high gold price environment.

What I want to know is when we will get the re-rate we deserve!