Capital Share Discussion Threads

[currencytrader1] 27/4/2021 13:36

Loads of sells going through, im out for a bit as see this drifting down to early 60s. GLA

[rivaldo] 26/4/2021 07:10

RNS - River & Mercantile (via their clients) are buying and have increased above 5%, with 9.66m shares.

This follows Aberfoth Partners' buying earlier this month.

Mr Market is giving lots of clues as to where this share is going - now everybody else just has to follow!

[hpcg] 23/4/2021 13:00

Can't ignore the gold price, as this is with hedgefunds having finally gone negative. A financially sound customer base is good for activity and rates. Some caution as the recent strength is the step back on the 10yr from 1.5%, but gold miners are in great condition down to about 1450 and it doesn't help (or hurt) to have gold go any higher now.

[kaizenkid] 22/4/2021 20:10

Bullish comments from Centamin CEO today. Suggests Capital is ahead of plan at Sukari.

And importantly, for us as well, capital has made an excellent start to their life [indiscernible] and the waste stripping contract as well. So they mobilized early and have got moving early. And in fact, they're slightly ahead of the curve as well. So I think as we look at the balance of the year, clearly, as capital come on stream, continue to sort of ramp up from this great start that they've had, we will obviously second half waiting to the stripping as that continues. But certainly, in terms of our plans from our own fleet, we had record productivity out of our own fleet this first quarter. And capital ramping up. We're certainly where we want to be, and in fact, slightly ahead of where we thought we would be at this stage because of capital really start as well."

" So well, yes, we have got more trucks on site. So in part, absolutely, we said for the first quarter budget, we set a record material movement target for the operation. Now we split that down, part of that is due to capital. So capital have gone on site, ahead of schedule got moving. Our teams are working very well together, and they're working -- they're doing an excellent sort of staff to their life the waste stripping. So delighted with how that's going. And they are ahead of where they thought they would be, both in terms of mobilization and dirt move. So certainly, some of the outperformance is around capital."

"And the GM at sites actually sort of warned the our guy. He said, look, capital outperformed you. I'm going to bring capital into all the open pit work boys. So the pressure is on that. So there's a bit of healthy sort of fun competition we see the capital voice versus our own fleet to see how they can get on against each other."

[deanowls] 22/4/2021 16:03

I don’t know who marked that down but doesn’t get the drift. Capd are supervising the drilling. They have rigs of this type at full capacity and they have to take a rig from another supplier. Bodes very well for them.

[thepopeofchillitown] 22/4/2021 13:18

All gone quiet here again. Not sure if we'll see this drift back.

[deanowls] 22/4/2021 09:27

Guess capd have no more diamond drill rigs tho.

[rivaldo] 22/4/2021 08:47

Good drill results from CAPD client CORA this morning - in particular, as Finncap say there's lots more drilling starting soon with potentially much more to come:

"35,000m programme: Cora has embarked on a 35,000m drilling programme over 4 months to end of July. One drill rig is operating with 2 more due on site soon. The plan is to upgrade inferred resources to M&I, add new resources and test some new targets. The main job,however,is the upgrading/infill

.79 of 300+ holes drilled:Thus far 79 holes and 7,750m have been drilled. However, these assay results are from just the first eight holes (817m).We expect future announcements to include a larger number of assay results.

Selin’s importance: The Selin area will be an important part of the Sanankoromine. Due to its grade, Selin will probably be one of the first areas mined. Its existence also demonstrates the potential for other high grade lodes to be discovered."

[chillpill] 20/4/2021 09:49

Good to see a bit of a re-rating happening here. The next 3/4 years looks good for the mining sector.

[deanowls] 19/4/2021 16:12

I’d love to see a couple of contract announcements but that would just be greedy?

[miti 1000] 19/4/2021 13:42

Would like to see that Lombard Odier have been adding to their stake. They generally like to have double figure stakes so that would be great sign of their confidence in CAPD.

[rivaldo] 19/4/2021 13:19

Yep, looking good - but still loads of upside imho.

The gold price was already at historically high levels, but is now rising once more with a supporting background environment:

"Gold rallied further on Monday as the yellow metal continued to gather momentum after surpassing the key USD1,750.00 mark, taking full advantage of the flagging dollar and slumping US government bond yields.

Spot gold soared to USD1,789.46 an ounce on Monday at about 1000 GMT from USD1,773.20 on Friday at around the same time. Spot silver rose to USD26.20 an ounce from USD26.09.

The gold price picked up where it left off last week as it consolidated its recovery on the back of a weaker dollar, which saw the euro jumped above USD1.20 against the greenback on Monday, said AvaTrade analyst Carlo Alberto De Casa.

US Treasury bond yields, De Casa said, continued to weaken and this scenario is supportive for bullion as the negative correlation between the gold and the US currency remains in place.

On Friday last week, the precious metal recorded the best week in nearly four months, and a lot of those moves were mainly because of the US Federal Reserve's dovish tone, AvaTrade another analyst Naeem Aslam wrote in a separate note.

"If we look at the US Treasury yields, we see the same theme that we can see for the dollar index, which is a move to the downside. Given the fact that gold prices are trading above the USD1,750.00 price level, if the weakness continues in the dollar index, we could easily see the gold price topping above the USD1,800.00 price level," Aslam said.

Axi analyst Stephen Innes noted that gold has also been back in demand from both paper and physical markets where Asia is now running with the "golden baton"."

[smartmoney100] 19/4/2021 13:01

Patience being rewarded, great to see

[dangersimpson2] 19/4/2021 09:10

By my calculations, the listed equity portfolio is now up slightly since year-end. Assuming unlisted valuations are static then the total portfolio should be around $29m or c.16% of the current market cap.

Also worth noting that the spread has narrowed significantly and you can sell in size above 70p if you wanted. Suggests we may have shifted from a large seller to a large buyer in the market (or at least a large seller and a large buyer!)

[11_percent] 19/4/2021 09:08

rivaldo,

Thought it might be that.

Cheers.

[rivaldo] 19/4/2021 08:47

Yep, good to see an early tick up.

11%, in answer to your question, when financing was extremely hard to find for gold miners a couple of years ago, CAPD initiated a drill-for-equity initiative. At that time valuations were low, so hopefully those valuations will rise over time - they certainly did very nicely last year!

[11_percent] 19/4/2021 08:10

Nice open......all buys....

[11_percent] 18/4/2021 09:36

Hi guys,

From the header, list of companies in which CAPD own shares.

Does anyone know why we ahve these shares.



CAPD's investments of which I'm aware include:
- Predictive Discovery (PDI:ASX) - 90m shares worth £3.6m @ 0.074 AUD
- Cora Gold (CORA: London) - 8.7m shares worth £610k @ 7p
- Golden Rim Resources (GMR:ASX) - 76.9m shares worth £260k @ 0.006 AUD
- Arrow Minerals (AMD:ASX) - £450k (110m shares) +options invested at 0.01 AUD, now trading at @ 0.006 AUD
- Firefinch Ltd (FFX:ASX) - 9.5m shares, cost A$900k plus 5.625m options @ 0.015 AUD, now trading at 0.009 AUD (formerly Mali Lithium)
- Tanga Resources (TRL:ASX) - 13.3m shares, invested at 0.03 AUD, now trading at 0.019 AUD
- Aya Gold (AYA.TO), which acquired Algold Resources (ALG.H:TSX) (CAPD held 3,874,692 ALG shares (14.25%), now trading at 0.13 CAD
- Awale Resources (ARIC:TSX) - 8,333,334 shares (12.18%) invested at 0.09 CAD, now 0.1 CAD
- Desert Gold (DAU:TSX) - 6,200,000 shares (5.7%), trading at 0.17 CAD, worth £620k
- Marvel Gold (MVL:ASX) - 22,793,083 shares, trading at 0.052 AUD, worth AUD$1.2m (formerly Graphex Mining)

[deanowls] 16/4/2021 14:24

I had that target when I was buying at 18p.

[qs99] 16/4/2021 13:53

Only £1.01? Blimey

[puzzler2] 16/4/2021 12:19

Bought in here today on the back of yesterday's RNS - risk/reward looks very positive.

[rivaldo] 16/4/2021 11:42

Berenberg have reiterated their Buy and 101p target:

[gleach23] 16/4/2021 10:36

...not to mention the underlying Bid which is just over 69p for over 50k shares :)

[rivaldo] 16/4/2021 10:32

Great to see Aberforth buying more - and the buying is now at almost the full 70p offer price.

[sphere25] 16/4/2021 10:14

Aberforth up their stake from 10.63% to 11.25%.

Too many shares have been exchanged for it to have been one seller. Earlier on we were trying to work out if it was just the one, but time has shown that there have been more larger stale bulls.

The volume exchanged recently has been enormous, even if you take both sides of the exchanges into consideration.

Price currently testing a breakout.

The offer has been thin today, far thinner than normal with the price moving on significantly reduced volumes.

Currently there are no shares available at 69p to buy. These are usually bullish signs after overhang type clear outs.

All imo
DYOR