flurry of buys
Moving north
Re: Retrace Totally agree, today STG should have easily broken the 1p barrier, this is just the initial results. There will be plenty more gold in the same area.Should break the 2p barrier in a couple of weeks, when more news will be released.
Re: Interim Results Thanks GamesAnother solid divi payer4.9% next year on current SP and nearly 6% on costDeep
....after lunch now.... ......sort of gets more interesting the longer this drags on. Now looks like this afternoon for the announcement.....might as well go and walk the dog and enjoy the sunshine in deepest Surrey.
Re: Rights Issue Details Nov 14 you'll still have your old shares, but a lower % of the company due to the new shares being issued.Good to see the Chairman stumping up again and partly underwriting the issue, but somehow I'm not feeling too pleased with yet more dilution and another cash call...not clear when this will ever turn a corner
Preliminary Results They do no make good reading. Usual bumf of welcoming new investors and blaming the Government's insulation scheme. Over supply. They have been in the wrong markets, They are having to reduce costs but will lose capacity as a consequence. They have been losing money even before they take into account depreciation - I had previously thought that they would at least make money at the trading level - depreciation on assets (with cessation of business when it needs to be replaced) would have brought in cash and made use of the value locked into the assets. Alas SPGH could not even manage that. There is some glib talk of improved demand in the last quarter, but it is still early days. I do not recommend buying at this point.The B
Re: Analysis See the RNS"Although the Farm Out Agreements are intended to partially fund the near-term development plans for the Middle Magdalena properties, further exploration and development will require additional capital"
Robspu: yes me too and agree totally
Re: what next LGI'm as confused as you are.They're on the table for trade sale....I'm just sitting tight and not trading it.itsso...If anyone has any real clarity on salamander please lay it out. Thanks (in advance).
More M&A... ...on the horizon from one of the key consolidators in the industry.[link]
Re: Retrace 2p with in days is more realistic. More good news to come on the gold front within a few days plus kimmeridge. the gold alone is worth atleast 30 million compared to current market value of 6.at present. the price really should be a conservative 5 times above from present. It will be getting there very soon. GLA and accumulate.
Re: I'm out have sold Weir this morning. There was something in the FT today to the effect that the increase in project costs for miners and oilers is meaning that project developers are putting the squeeze on equipment suppliers.---------- -----Hats off to your prescience, Mr H.
....on site........ ....I think the thought of ebola being identified at Tonkolli or Pepel would have been leaked by an employee.....plenty of expats with links to the UK. Don't forget that AMI is the biggest private sector employer in SL, so that would have hit BBC & Fox News.I guess we just have to sit and wait......
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