Re: Dividend some stock broking accounts are less efficient than others
Re: Todays RNS - Highlights . . . but there seems to be a seller in the background , this deserves a market cap approaching £36m at least and yet we sit on a market cap of £9.4m..people are selling into any news...re-rating gotta come soon,hopefully they find a 30 carat or something,that would do it
Work programme shortfall. Hello all,It just gets better and better doesn't it. So, we are looking at a fine of of upto $21m...Work programme shortfall Under the terms of its Blocks A&E Licence, the Group is committed to certain future expenditures which include a work programme, agreed with the Ministry of Energy of the Republic of Kazakhstan (the "MOE" that covers future exploration and production activities in Blocks A&E. Qualifying exploration, development and operating expenditure incurred by the Group are deductible from these future commitments. The Group's total commitment under the work programme for the calendar year ending 31 December 2014, as amended in October 2014, is US$99.8 million. As of 30 September 2014, the Group's actual expenditure under the work programme for the calendar year to date amounted to US$29.6 million. As discussed above, the Group has suspended its capital expenditure programme pending the completion of the Subscription or financing by alternative additional debt or equity. Although the Group will continue to incur qualifying operating expenditure between 30 September 2014 and 31 December 2014, given the suspension of its capital expenditure programme, the Group expects there will be a shortfall against its commitments under the current work programme for 2014. The MOE has the ability to impose a fine on the Group of up to 30% of this shortfall. The Group is working with the MOE to put in place the necessary regulatory approvals to defer the shortfall on the 2014 work programme to future years, and accordingly, the Group has not made any provision for potential fines in the financial statements for the six months ended 30 September 2014.
Re: 12.25p Share Buy Back of 21.6% Shares Hi Buzz,the purchase is to funded by cash - but the overdraft will be used to fund future working capital needs of the company. At the same time the co confirms that the improved trading of H2 last year has continued into H1. Looks like the pension fund got a bit shirty at the co going into debt and has demanded a mortgage against Osset mills - the vacant property. make of that what you will?The reduction in shares will cause an increase in share price as eps rises - and perhaps start to lift this out of penny share category and onto traders horizon's, that may also make shares more liquid in the future? I must say that with such a small market cap I'd prefer them to buy back shares than pay a dividend in the medium term,cheers
Todays RNS - Highlights . . . that everything at Tongo is on track for a 'bright' future!Me, I am happily invested here and again am surprised at the early sells.Highlights of Tongo Dyke-1 Surface Mining Study and the Directors Model:-· Attractive economics for surface open pit mining concurrent with underground mine development· 42% increase in project NPV(10) from US$53 million to US$75 million with pre-tax IRR of 55% using grade of 120cpht and value of US$270 per carat· Significant potential NPV(10) upside to US$146 million if modelled using new increased resource average grade of 165cpht and value of US$270 per carat· Potential for 120,000 carats to be mined from open pit in first 3 years of mine life and for over 1 million carats to be mined from the expected 16 year mine life· Low capital expenditure estimate of US$16 million to develop mine into productionChief Executive Karl Smithson commented:"Having recently commenced trial mining at our Baoulé project in Guinea to generate cash-flow before the end of 2014, we are delighted that we believe we have also found a route to early cash flow for Tongo and believe we are demonstrating our ability to deliver optimum value from our projects. We look forward to updating shareholders on our results from Baoulé and on the next development steps of the Tongo project."
Rival products Advertising on Channel 4 last night for Fitbit. This could be good to raise the profile of the whole market sector or push Fitbit to be the market leader. Is it already? Are the two products comparable?Anyone with a better knowledge of this market?
Re: Dividend ......adding, I've not received mine either through ii.
Re: planning application det 20 Nov 14 The discussion on this planning application refers to the old Molins Sports Ground on the North Side of Princes Risborough. The reason this is no longer required by the company is that the factory it serviced on the south side of Princes Risborough closed down some time ago. This is a brownfield site which has now largely been flattened. Does anyone know what is happening to that land?
Re: Dividend I too would be very interested to learn what II's framework is for dividends. Sometimes they're slow..... Very slow! Both to pay out and/or reinvest, if that's your choice.
Re: Just a thought But what would be the reason for the substantial upside? No major assets that I am aware of. And the cash wit has in the bank will soon be gone. This company has no OIL. It was a dream that Kelleher had but for us PI a nightmareAdministration is just around the corner, then de listed. Best get out with something if you can!CheersLast one out turn the lights off
Re: Increased holding DDPWhy are you bothering to rise to LSpoon1 - his posts have already been proven to be contradictory containing distortions of the facts as well as containing down right lies.Had he have shorted this, or any other stock, he would not have stated that he "sold" 50,000 shares.Even his nick name tells you what he is - "Large Spoon" - he's just stirring it.Just put him on ignore - he has nothing of value to add here.Shorty
Re: Re-CEO Sorry guys it is not this ceo but it is the chairman.
Re: Dividend My account is here through II and I have'nt seen anything yet either
Apologies I am of course a holder of this share and advocate a buy position, I touched the sell view by mistake, my apologies.DDP
Re: Increased holding Of the thousands of investment opportunities in the marketplace you happen to have chosen Findel. Which makes me wonder why. You display intimate knowledge of the company tinged with hope for failure. To dismiss Schroders as "mugs" smacks of unbelievable arrogance. If I didn't know better I would say you were a member of the former board of directors of this company, unceremoniously removed from office by major shareholders for taking it to the brink of bankruptcy in the first place. But what would I know ?DDP
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