Member Info for wakeyinvestor

Me too, bought a further chunk at 0.532p, how often will we gwt a chance to buy at these prices i the future.

I think we need to wait and see what George has to say in the virtual Q&A session which will hopefully take place next week. It doesn't look good at present (an understatement) but there may be method in the madness. For me, if Canmax have been kept in the loop and are on board then (despite the penalty position or alternatives) then this could still come good. Glory or bust - place your bets

OMG it gets worse, the penalty increases to $3m per month from 1March 2024 and $4m per month from 1June 2024.

Blimey, no production in November and December likely so not going to meet shipping target of AV of 1000 tons plus or minus 10%. That’s a $3m penalty, why would Canmax not hold Prem to this? God knows how it will be funded. To believe it will all come good in Jan 2024 is to take a massive leap of faith. Each month missed is an extra $1.5m penalty. Yikes!!!!

It’s a production target not a delivery target isn’t it?

A gradual climb until someone increases their short position and then back down she goes unless there is positive Company news in the meantime. Very risky to take the plunge for a new investment at present. I’m neither a ramper nor a deramper but just need some more clarity on the more likely direction of travel

SP down 33% in last month - is this due solely to short selling and money leaving the stock market generally as I can’t see the drop is based on company specific news? How likely is this to go into administration? IMO this is a recovery buy but what am I missing?

I’m confused too, if Prem has the cash (and if it hasn’t where the bleep has to gone) why would they take shares? Unless they can dump them quickly and get 0.44 a share or more. Mmm, more questions than answers…..

Great news for shareholders. Following on from recent contract news (especially the mid September RNS) and the recovery from the Palma Mozambique terrorist attack, the company is giving us a positive sign that it intends to resume paying dividends to shareholders. This is a strong recovery buy IMO as the company revenues and cash flows are set to increase and dividends funded. As a precursor to that the purpose of the capital reduction exercise will be to increase distributable reserves which can then facilitate dividend payments. DYOR and IMO

The RNS is overall positive IMO because it suggests Newcrest will be on board post takeover, but there is a delay to the FS issue date. Around a year ago we were expecting to go into production by March 2024 whereas now I expect we will have to wait another year say March 2025 once the Australia summer next year has passed. It means shareholder capital inactive for longer but the investment case remains compelling IMO. DYOR

He confirmed in the interview it was a % share of revenue not net profit.

The war will be in Gaza and possibly South Israel near the Gaza border. MTI should be unaffected and indeed the company has not considered it necessary to issue an RNS. Lots of cash, repeat contracts and new contracts and no debt, plus it pays a good dividend. A good recovery investment IMO

A poor decision to open own stores on High Street in affluent towns IMO. Customers can touch and feel the product when in store at Sainsbury for example and they should have waited to see how this actually plays out in terms of sales. A strange time also to make such a decision. Yes, the typical customer if affluent and may not be as impacted by the cost of living crisis or a recession, but they are affluent career women who are time constrained and enjoy the efficiency of the online experience. This company is not ASOS or Boohoo, instead with Sosandar the quality is a given so I’m not sure that the touch and feel aspect is that big a deal. That said, I assume they’ve done the market research, so hey, what do I know?

OK maybe not this week but certainly this month. Biden/Blinken “efforts” are mere window dressing. Israel will do what it considers necessary, the international community will be in uproar, but led by the Americans it won’t actually do anything and by the start of November everything will be back to “normal”, that is, until next time. Enjoy the SP bounce when it comes. The company hasn’t put out a statement because it doesn’t need to. I’ll have a look at BVC when the SP dips below 20p but it has had good contract news this week so the SP has held up so far

I wouldn’t worry, it will all be over by the end of the week

If the current conflict ends quickly this should bounce. With no debt and cash deposit being equivalent to 8p a share this seems a good recovery buy especially as one of its lines of business is in the defence sector. Hopefully value of the dollar won’t be too much of an issue from here

The sell off is overdone as revenues are deferred not cancelled and costs to be trimmed and presumably no dividend next year. Whoever wins the election next year this should bounce thereafter IMO. Also existing revenues are deferred but that is not to say new revenue streams and contracts won’t be gained in the meantime. Patience needed but should be rewarded. Can’t see there will be a need for new funding/ placing. Resilient business. DYOR

Watched the presentation, Roland came across as very professional and honest. Not telling us what we want to hear. We need to be patient as these things take time. It’s the rocks, those bloody rocks….

Once the seller is out this should bounce. The company can ride this out and is cash flow positive. A good recovery buy from here IMO. Just don’t expect a dividend next year

This is a smash and grab for traders looking to make a quick profit and good luck to them. As an investment this really is a turd share with little revenue generation but several JVs that make no reference to revenue or profit. I bailed a couple of months ago and will not be enticed back in.