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Cowichan thanks as ever, you are so informative and I appreciate your intelligent scepticism and questioning which is what makes this board so special, and for the link to Horgan's presentation; we are stuck with him whether we like it (some of us) or not (others) and the new policy of paying a lower dividend and ploughing profit back in the ground Doropo etc. For me the salient point of the presentation was that the dividend will be down next year yet again to 3-5c, and if gold maintains an average $1800, with costs and revenue same as this year the divi will be 4c, down another 20% and down 60% on last year with similar numbers before the changed policy. If pouring the money into the ground rather than to us comes off it will be good for very long term holders in a few year. However one of the reasons I loved Certain is it had one brilliant long term mine throwing off cash most of which came back to us (as long as dividend was not more than we made and so uncovered) whereas now the new policy will be min 30% of profit back to us. I can see however that it is much more fun for management, who are stakeholders too and rather important ones I imagine in their own eyes. So overall I am equivocal, the management seem to be producing solid and predictable results, controlling costs in this harsh environment and getting ounces back up, all of which I like, but they are spending the profit on gambling on the future (they would say investing) which most other miners do and I can invest in them with sounder gambles than Dorops which I wish they would sell; what was special for me about Centamin was it didn't do that and instead gave us jam today rather than promises tomorrow, which kept the share price up unsurprisingly..
Now a question about the financials, eps is down 25% to 6.29c yet revenue and profit are up, is this because there are more shares or why?
Finally I am glad I bought more on Fridays excessive drop on the new divi and investment strategy, I found my accountant had bought a near 6 figure sum last week, Horgan did the same, looking good IF gold keeps motoring

Stanley I think right on both counts, as I have been saying we may well not get a result yet again this quarter, he says “coming months” ; and it will be a “modified” permit as the board has suggested, this may mean more taxes, more environmental costs, limit on ounces or area mined etc, but it looks like the compromise will be that we do not get the full peemit we had before, reducing profits, hence the mangy share price imho. So he is sadly confirming what we sadly already know. The big question is how bad the compromise will be and when it will finally be haggled out

Yes prof, yippee gold price up over $100 this week increasing profits by 20% …..while Cey is down

Supercharger, encouraged by Horgan who I thought made a decent purchase, I have been very naughty and bought some more today, our share price is down near 25% since the start of this year while gold is up 10%, and our shares are down 10% just since earlier this week while gold is again up, the results weren't nice but as just as management said they would be, and it has been a market jerk as they hadn't read the last report; if Cey were fair value at the results as I think they were, then 10% off, improving ounces and rising gold could make decent money and I couldn't resist..like Horgan

But Rh down again, to $9000 on JMAT. We seem to be becoming a chrome minor with some pgm’s, Vulcan was a good move, till Karo opens, luckily (now at least) Karo has much less rh in its basket - under a quarter of the profit compared to 45% in Tharisa and 40% palladium 30% platinum

Big dong, in fact you need cohones not just huge but of marble to survive this wild roller coaster, that leads us ever down a darker and darker hole, with who knows what end as none in sight, but we paid for the ride knowing it would be the craziest, with the owners keeping us in the dark to add to the suspense and need for those marble cohones

Mine arrived and I bought more at the lowest price I have ever done; chromium is off a bit but this price expects it to collapse as well as PGM profits more than halving

… if only …and love the name big dong

Quite so Paul, and Tibbs good news if Buchanan (think it was them) has been replaced

Why I hold Steve, good to see the market getting cross at the results just as expected (tho divi even lower than I thought) was much more more short lived than recently, and maybe we can finally look forward, it seems the market is saying so. As said I shall continue to hold as it makes sense to me, if not you, although my average price is around 114 (and 10p less in is isa) I have received over 50p of dividends which makes these overall profitable and rather nice. If not grown in a house building way.. Cey THS and Hoc dividends gave me over £70k income last year with not that much tax, if retired that is huge, this year it will be heavily eroded by inflation and the divi cuts at Hoc and Cey, so I for one look forward to Cey profitability and the higher dividend (of course decently covered) returning. Different investors have different needs and some of us are not confident in timing t he market

Yes it was fairish at 220 as profits were over double, none of us (well hardly any) expected the wall collapse , eps 2021 13c now 6.3c so more than halved explaining share price and divi - we are still paying out most of the earnings even with this reduced payout. The annoying thing for me is I held through thick and especially thin as Hogan as Horgan said deofitabilty would be coming back by now, but we have to wait nother couple of years, hey ho. In the meantime the price is down this morn and traders like Steve can get back in cheaper.

Steve I hold in the hope that gold will some time break out and this will be heavily geared to that, and the share price has settled at fairish value. As said I take a very long view, do not play the market, look at the fantastic long term reserves unlike most miners, and the divi gives me an income while holding. When profits and divi are so down it is disappointing and annoying, and that we are now expected to wait till mid decade for recovery. Steve long term holding is just a different mind set,

or to put it another way the heavily reduced divi is mainly a result of much lower than historic profits which is bad…and reduces share price, this is not gloom but the reality that has happened, Horgan said when he came we’d be coming out by now but always another couple of years. I will be here waiting as a great balance sheet in the meantime and one day gold may move

Steve I am not holding it just for the divi, my point is a heavily reduced divi reduces the share price, which it has!

Previous divis under Pardey, well we are no longer a high yielding share and our pe is now above its more usual 12 or 13, so sadly either the share has to come down a bit or profits rise to make this good value again.
21 10c
20 8c
19 14c
18 13c…
And now just 5c, lucky pound has fallen so hard to temper the blow
Nothing much else surprising in the results I can see

Well Steve, you thought I was being cheery, by which you meant excessively gloomy, about the upcoming dividend, saying it will be down the 3rd to 304 cents well actually it is down to 2 1/2 cents, the annual dividend is virtually halved and the yield is Daniel, 4%, even that the slowest share price, explains why the share price is where it is and will be fair value when the company profits improve a bit next year. In the meantime, I want to have the market will react to such a big cut

I will miss out on neither any rally nor any fall. I am hugely invested still, over 500k, and am a holder neither buying nor selling, worst luck

Well gold has made it through £1600 for the first time ever and is now over two percent above the previous all time high. Hopefully ounces will be back up nearly 10% at around 440k and partly as a result costs not up much and maybe even down slightly in which case the news will be good unless the dividend hammers us, I am staying all in but then I am not a trader.

is it divi day today, anyone got their's?

I wouldn’t count on it, first O believe that it is the environment ministry we depend on for the permit not Mines, and second we have been promised permit news every quarter and it has failed to come so I’m not expecting it this quarter either.