Capital Share Discussion Threads

[phillis] 14/1/2025 08:21

Trading update next week

[deanowls] 12/1/2025 18:27

Looking at their water company investment I see no news of activity or contracts after six months. Lots of posts prior to takeover.
For 8 million I’d have been hoping for more so far, I’d rather share buy backs.

[cp42kx07] 11/1/2025 13:11

I agree with your distinction between management's operational ability and their corporate skills (or lack thereof). This together with the investment portfolio "distraction" appears to deter many investors.

[cp42kx07] 11/1/2025 13:04

Let's hope that Nevada is back on track in H2 and MSA continue to grow rapidly. Debt reduction should also help. In share price performance terms this has certainly proved to be a frustrating investment.

[hpcg] 10/1/2025 12:55

Adam - you are not alone, that's what the chart tells us. I have trimmed some, but this still has a place in my portfolio despite the disappointing performance.

[wjccghcc] 10/1/2025 12:18

Thanks Adam.

[adamb1978] 10/1/2025 10:45

Hi All

I've been reasonably active on this thread over the last few years so just to say that I sold out in the second half of Dec.

The bull and bear arguments have been done to death so I won't go into repeating them all. I had been thinking of selling 6-12 months before however the entry of teh activist investor in the register last year made me hold on, however they've gone quiet and the share price still hasn't even closed the gap to NAV let alone move beyond it. So given the share price has stalled in the last 3 years despite significant growth, it makes it harder to believe the bull case. Perhaps call me a stale bull!

For those still in, the main hope I believe is that liquidation one of the large investments and sale of equipment leads to deleveraging which in turn causes a re-rating. Risk which counters that is the business is becoming lower margin provides a headwind which holds back the price.

My total return was 32% after buying in at different points in 2020 and 2021 so not a disaster, but equally I feel not as good as it could have been had the leadership team run the company slightly differently (they're very strong operators but weak in terms of corporate/capital/investor decisions IMO).
All the best,

Adam

[hpcg] 10/1/2025 09:44

CP42Kx07 - A couple of those have answers; it can't be tier 1 customers because those are their customers. If anything the move in to the US has been a negative thus far. So I would say it is Nevada performance, MSALABS growing again, and monetisation of the mining fleets.

[cp42kx07] 09/1/2025 19:13

What will it take for CAPD to get some share price traction? Further realisation of investments and return of capital? Compelling proof of concept for MSALabs and a separate listing? Increased tier 1 clients and greater low risk geographical diversification? This really is an unloved stock, but it does have considerable potential. Here's hoping for some progress in 2025!

[jeff h] 13/12/2024 13:39

Apollo has engaged highly regarded drilling operator Capital Drilling to undertake drilling at Salanie, with planning now underway to commence early in the new year.

“With Capital Drilling onboard for 2025; we look forward to a highly productive start to the year as we test four key target prospects as well as our developing greenfield targets,” Inwood said.

[wrighna1] 11/12/2024 14:05

Does anyone have a ball park idea around what the debt reduction opportunity is on this for this year I.e. predictive investment sale plus fixed asset disposals now deemed surplus to requirements. Long term shareholder, but bored of watching this in the 80s.

[rivaldo] 10/12/2024 08:44

Great to see FIL (Fidelity) have almost doubled their holding in CAPD to over 10%.

They now own 19.624m shares:

[rivaldo] 06/12/2024 07:14

Firstly, Leo Lithium have just announced a first tranche distribution of funds to shareholders of A$0.172 per share.

This means that CAPD will receive an initial £0.9m or so (if my early morning brain is working correctly!) in late January, with a further tranche in July:



Secondly, Sanu Gold's share price has rocketed 56% overnight to C$0.18 following a strategic partnership and investment announcement. This makes CAPD's recent CS1.2m investment (made at C$0.05) now worth C$4.32m.

Not a bad few weeks' return!

[davebowler] 22/11/2024 12:12

Gold has just hit an all time high today in Sterling.

[rivaldo] 19/11/2024 11:58

Missed this from last week - Aberforth Partners have been buying. They're now above 10%, with 19.99m shares:

[rivaldo] 15/11/2024 10:13

CAPD have increased their holding in WIA Gold to 242.9m shares (almost exactly 18%).

At the current A$0.13 that's worth £16.1m:

[rivaldo] 13/11/2024 09:18

Cheers Jeff H. And two further pieces of good news.

Firstly, Sanu Gold has just announced the start of drilling at its Daina Gold operations in Guinea, where it says:

"The Company is excited to be drilling at Daina where auger gold results, rock chip sampling and ground geophysics have contributed to the understanding of key targets most of which remain largely untested. Capital, our new strategic shareholder, has done an excellent job at Diguifara and will also be conducting the drilling at Daina."



Secondly, Leo Lithium has announced that "net proceeds3 from the US$161 million Tranche 1 payment, the US$10.5 million deposit and the Firefinch Payment are to be distributed to shareholders in January 2025 (Tranche 1 Distribution)".

In my thread header post I noted that CAPD's holding was worth almost £4m, so hopefully this first distribution might be worth low £millions given that over $170m should have been received by Leo Lithium:

[jeff h] 09/11/2024 13:42

I don't think the below has been reported, apologies if it has:-

"...Aton has executed a new driling contract with Capital Drilling Egypt Ltd (“Capital”) to undertake a minimum of 5,000m of RC drilling on the retained exploration areas at the Abu Marawat Concession. Drilling is planned at the Abu Marawat deposit and the Semna gold mine project, as well as other to date undrilled high priority targets on the Concession, including Sir Bakis and Bohlog..."

[indiestu] 07/11/2024 14:55

Does anyone have the cumulative revenue figures for YTD 2024 handy? Trying to work out what they need to book in Q4 to beat on the top end 375m.

[robsy2] 05/11/2024 10:47

Thanks Rivaldo

[rivaldo] 05/11/2024 09:44

WIA Gold have just announced they've raised A$30m at A$0.15, which is almost no discount to their current multi-year high share price, with "Strong support received from local and offshore institutional and sophisticated investors".

So this solidifies the value of CAPD's shareholding now worth over £14m. It'll be interesting to see whether they've increased their holding further.

And of course as drilling contractor CAPD should benefit further from the further drilling work to be undertaken:

[rivaldo] 31/10/2024 09:16

News overnight from Sanu Gold:



"Sanu Gold Corporation (CSE: SANU) (OTCQB: SNGCF) (FSE: L73) ("Sanu Gold" or the "Company") is pleased to announce the start of its phase 1 drilling plans for the Diguifara project in Guinea. The project is located only 20km from the Siguiri gold mine which is owned and operated by AngloGold Ashanti plc ("AngloGold Ashanti"). The drilling will be completed by Capital Limited which has extensive experience in drilling out large deposits in Guinea and whose investment arm (Capital DI) heavily participated in Sanu Gold's last financing."

Also, WIA Gold's share price is now at A$0.155, so CAPD's stake is worth £14.4m.

[davebowler] 30/10/2024 15:41

Gold at an all time high.

[davebowler] 22/10/2024 11:20

Bullish articles on King World News on PMs