Capital Share Discussion Threads

[otemple3] 22/7/2021 10:21

As the post period end movement is going to be quite significant, I think they might mention it, but it won't be in the reported numbers until H2

[basem1] 22/7/2021 10:02

Brought back to 77p last night for support levels on the chart. I am hoping we can take the previous high out on this next run. Added 30000 yesterday at 78.3

[hpcg] 22/7/2021 09:56

gleach23 - the H1 valuation line will see an uplift in the PDI holding but will be nothing like representing the spot value.

[gleach23] 22/7/2021 09:01

PDI share price is now 2.5x the 0.06 share price @ 31.12.20.

Assuming a 141m shareholding I make that worth over £11m or just under 8% of CAPD's market cap alone.

What an inspired investment strategy this has been for CAPD. Portfolio valuations -

31.12.19 $12.5m
30.06.20 $23.2m
31.12.20 $27.2m (investment gains to date of $13.6m, $13.2m of which unrealised)
30.06.21 ?

Looking forward to the updated valuation in the interims on 19th Aug

[shanklin] 22/7/2021 08:51

"Centamin has delivered another solid operational performance and we remain on track to meet full year cost and production guidance. During the quarter, excellent progress was made with the Sukari waste-stripping programme which has significantly outperformed budget and resulted in record material mined. This is testament to our team at Sukari delivering improvements in operating efficiencies and further supported by the quick mobilisation and ramp up of the waste-stripping contractor."

...

"Better than budgeted Group free cash flow of US$6.9 million reflected stronger gold price and lower capital expenditure ("capex"), offset by accelerated open waste-stripping programme and increased exploration activities"

...

"Record total open pit waste material mined for the quarter was 22.6Mt (H1: 41.4Mt), a 20% increase QoQ, driven by operational outperformance in the open pit waste-stripping programme, which has ramped up ahead of schedule. The strip ratio for the quarter was 7.4:1 (waste:ore) (H1: 6.1:1)."

[rivaldo] 22/7/2021 08:29

Encouraging interview in post 1274 above, cheers.

I particularly like the CEO's closing comments about commodity prices and capital markets activity being at "decade-highs", so it's natural that resulting demand for drilling services for "this half, that has started to come through".....note the "started"....

Lots of new contract wins with the likes of Resolute, Shanta, Arrow Minerals etc in a "fantastic" H1 for the company:



Thanks kaizenkid - PDI now up to $A0.15 then....

[kaizenkid] 22/7/2021 08:28

Predictive Discovery +11%

[deanowls] 21/7/2021 16:07

Today’s delighter is tomorrow’s expectation.

[basem1] 21/7/2021 15:59

Someone wants in cheaper lol

[basem1] 21/7/2021 15:58

Potatoes Potatoes

[rimau1] 21/7/2021 15:38

Did anyone pick up the implication that tendering activity is slowing? Q2 update “tending activity remains robust” but in the Q1 update tendering activity was “highly active” the wording concerns me a little as it feels counter intuitive that the tendering pipeline is slowing given the macro tailwinds. I have always disliked the phrase “robust” in isolation but the change in language from Q1 could explain the market reaction?

[shanklin] 21/7/2021 09:26

Unfortunately the sound quality is not great.

[smithie6] 20/7/2021 09:40

nothing like doing the exploration drilling (& phps also the evaluation of the samples !!)

to know whether or not to buy the shares !!

je je

:-))

[dangersimpson2] 19/7/2021 13:31

Them adding to PDI & it going up 42% means the whole listed & unlisted portfolio must be approaching $40m, which is close to 20% of the market cap at the moment.

Buying in the placing at AUD8c and the market at AUD7.5c recently is looking a very good move.

And also cements their relationship with PDI further, since, given those grades, I would fully expect the next stage of drilling to be quite extensive :-)

[shanklin] 19/7/2021 08:57

Current share price and CAPD holding (per the 19-Jul-21 06:02 am announcement) available here.

[rivaldo] 19/7/2021 08:54

Thanks tanksbel. They must previously have increased to 111m shares, and it looks like they bought another 30m shares, mostly via the 17/5 placing at A$0.08, to go to 141m shares....a very wise decision!

CAPD's holding is therefore now worth around £10.6m against the current £152m m/cap:

[deanowls] 19/7/2021 08:51

In true Capd style. It goes down.

[smithie6] 19/7/2021 08:47

Predictive
"the results provide justification for drilling deeper on the deposit, as gold grade & consistency expand at depth."

from someone else's post

yep, better hire a few more drilling rigs & expand that drilling !

money gonna be coming out of their ears, when they start selling some of that gold, so they sure can afford it !!

[tanksbel] 19/7/2021 08:41

They own 141mn shares - lodged today on the ASX

[basem1] 19/7/2021 08:40

Watch out at 12 clock today too ST likely to tip this IC

[rivaldo] 19/7/2021 08:21

Great news, thanks. Assuming CAPD still own their 90m shares in PDI, then that holding alone is now worth not far off 5% of CAPD's m/cap on its own.....

[hpcg] 19/7/2021 07:26

PDI up 42% today. Absolutely astonishing grades in comparison with the usual nonsense touted by junior explorers as high grade. Also Shanta numbers today with opex break even at $1015 and AISC at $1351 so absolutely loaded at today's gold price and a healthy ROIC even at $1500.

[shanklin] 19/7/2021 07:20

Capital Limited
@_CapitalLimited
·
54m
Our client, @Predictive_PDI
has announced intersection of high to bonanza gold grades over broad widths at their NE Bankan project, stating the results provide justification for drilling deeper on the deposit, as gold grade & consistency expand at depth.

[currencytrader1] 18/7/2021 13:50

Director selling fine for the right reasons, it's the fact that he well sell another load soon at a discounted rate, which will drop share price again.
I'm out at 82p. GLA

[smithie6] 18/7/2021 11:27

make a profit & then enjoy the profit

capitalism

ok with me