this share jusr can't resist dropping on results. they were good, and it's mega cheap on cashflow, like 10x or something even including debt! I sold yest at 64.5 and bought back at 62, no idea if it's too soon but we shall see.
Smelly , as I've said for a while it's a 50/50 - they will need money this q, not least for Hawiah drilling, but I presume have not drawn the w/c facility yet. Whilst I am sure Bunion doesn't know about Centamin, I also think a takeover isn't out of the question.
Earache the depth of your negativity only gives me confidence to buy. Go on the Kefi board (bought that at 0.8) and ask people if many thought the company was a disaster when I and others bought in?
Here, with the board having a lot of options at 0.25 or so they will want the stock higher. The only thing you could tell me to make me negative is that they are legally committed to spending on Thrace Deep wells even without a farm in (I am researching this).
On Ormonde, I said my profits had doubled and Ormonde was a big part of that. Not the only part - as you say I post on a lot of shares and the mining ones did quite well recently.
If you care to look at the details you’ll see it peaked at around 1.55 in the last 10 days intra-day and yes I did sell a lot of it around 1.4 (a bit for a bit more, a bit for a bit less, a bit I still have).
Please feel free to ask people if the bid went above 1.3, I can assure you it did. Not sure if that’s the published bid or the ability to sell within the spread, I think it was both.
got a few more 0.5, think it's mainly placees selling, I shouldn't add given I had the chance lower and already have a large holding, I just think it's actually flat or derated vs peers since last weeks rally and was already cheap
I don't think market will take production that well although at least gold is up today and I don't know how much is priced in to be fair. I sold out mainly as a result of new investments over the last few days but wish everyone atb, it's a good board here. And in a gold bull market share prices normally recover. Long term also I presume the NPV of the asset is quite similar once it all gets resolved.