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Indeed nice update. Looking forward to those full year results, interesting to see what the unrestricted cash pile has grown to. It was circa 1700p’s worth on relist right?
Evening folks, never thought i'd see the day SDX are ahead of schedule, or at least the revised schedule. Great update.
A lot of people are rightfully pointing out the low SP and poor valuation and looking for reasons to explain this. My view is while there's no doubt SDX is cheap according to traditional measures, ratios, future cash flows etc it may not be cheap compared to the competition in the market. I won't mention other stocks but theres some super cheap O+G plays out there, perhaps they are taking a lot of the liquidity which may have been going into SDX? When you match the various companies up its hard to argue with and that's the reason I haven't reinvested into SDX yet, still very much a follower though. Plus the oil and Gas sector is in a pretty tough going right now, so industry interest is fairly thin anyway. Just my view.
https://www.linkedin.com/pulse/another-record-breaker-mps-terminal-3-mohamed-samara
“ Saturday 7th December 2019, The MSC RAVENNA is the record holder for the largest Neo-Panamax vessel to ever enter Tema Port and Berth at MPS Terminal 3. Her Length Over All is 366 m, beam is 51.2 m and maximum draft is 16 m. Her gross tonnage is 153,115 and deadweight is 165,963.
She has container capacity is 14,000 TEUs.”
Apologies if already posted.
First time I have ever filtered anyone. Absolute garbage, was hoping to catch up on any WSG insights i've missed from the hard working folks of this board. Bring on next week for that contract.
Almost 500,000 shares bought in the last hour. Someone’s hungry
Struggling to get my head round what’s holding back the contract now. I mean I think it’s mad that work has started from WSG’s side, and income is coming in from a project where nothing has been officially agreed and signed off in a contract. Am I the only one that thinks that’s bizarre?
But putting that aside and accepting that is the case, unless there is further unknown disputes i can’t see what’s holding it back. Surely terms of agreement have been mutually agreed by now, can’t imagine at this stage they’re squabbling over figures.
I reckon a trader took a position post yesterday’s RNS. Didn’t pan out as they wanted and sold for a quick 20% loss in 24 hours. This share is for the patient not the day traders.
What I’m more interested in is what’s going on with ASND?!
Everyone was waiting for that gap to close, including me :) onwards and upwards from here hopefully
WSG have a stand at 2019 international security expo, Dec 3rd to Dec 4th. Wouldn’t it be nice if they had a large transformational contract to talk about and present... Aren’t fees agreed for Dec 2nd?
https://twitter.com/wg_plc/status/1199379097425784832?s=21
Great set of results, testament to the board and JV.
Only thing I note is this is based off figures from 30th of June. ASND has fallen 55% from there so that will have a hit on our current NAV. But $500k CAD coming next month will certainly offset that.
I was blindly hoping for maybe a possibility for a dividend given our cash sums but no luck. Can’t see any fireworks coming but what a fundamental business the board have put together!
Jeez it’s been a long time since an RNS! Zinc nicely above $2500, come on JV!
Well ASND 18% up today (albeit from recent lows) and Zinc now north of $2500. Hopefully NAV update next week?
Zinc nicely above $2400 now another 2.5% up.
Surprised to still see MTR down here. Very good proactive interview earlier today, interesting comment from MM ‘time for MTR to grow up’. Well worth a listen. Buyback next?
Zinc up 2.5% today and looking a lot healthier, long may that continue. Copper also up above $2.6, didn’t we just find a massive load of copper?
Liquidity is already pretty low, I don’t think a share buyback would help with that imo. I’d support a dividend for faithful LTH’s but not sure how likely it is
CEO of MTR has recently announced he’s considering a share buyback to bring the SP up to NAV so it’s not unheard of
‘the Company is considering future investments and believes that investing in itself, via a share buyback, could be the best use of capital for the Company. Eliminating discount to the net asset value’
Yep $2300 has been some stubborn resistance but hopefully we’re clear of that now. ASND up circa 6% too
I exchanged some emails with JV recently and due to MAFL’s Auditors being acquired by a large company MAFL are switching auditors hence the delay in NAV updates. Updated NAV expected second half of October.
Some good images in the ascendant release. Really emphasises the further exploration potential:
https://www.ascendantresources.com/English/Investors/press-releases/press-release-details/2019/Ascendant-Resources-Increases-Measured-and-Indicated-Resources-by-71-to-103-Million-Tonnes-at-91-Zinc-Equivalent-Grade-in-the-North-Zone-at-Its-Lagoa-Salgada-VMS-Project-in-Portugal/default.aspx