Capital Share Discussion Threads

[podgyted] 03/6/2022 12:35

Thanks R

No I haven't - apologies.

[jatin724] 03/6/2022 08:42

Firefinch shares fell due to demerger of Leo Lithium (ASX: LLL)

[rivaldo] 03/6/2022 08:41

Podgyted, you haven't been reading prior posts have you?!

Firefinch is demerging its lithum interests into Leo Lithium via a dividend distribution in-specie to its shareholders, so Firefinch shareholders will have interests in both companies. Firefinch went ex-div yesterday, which accounts for the fall.

When Leo Lithium has its IPO (in the next couple of weeks from memory?) then we'll be able to calculate whether Firefinch shareholders (including CAPD) have benefited or not in immediate value terms from the demerger.

[podgyted] 03/6/2022 08:03

Has Firefinch actually fallen 60%+ or has there been some capital event?

[kaizenkid] 01/6/2022 14:09

hxxps://english.alarabiya.net/News/middle-east/2022/06/01/Egypt-awards-eight-gold-metal-mining-exploration-licenses-Ministry

Generally helpful for investment in the sector which should filter to CAPD at some point.

[rivaldo] 01/6/2022 07:17

Investee company Awale's shares were up 23% overnight on news of a strategic investment in and exploration agreement for Odienne with Awale by Newmont - the world's largest gold producer.

CAPD are also the drilling contractor at Odienne:



"We have always considered Odienné has the potential to produce a Tier One asset which, based on work performed to date, is now supported by Newmont through this transaction. Our shareholders can share in the delivery of a project of this potential scale."

[rivaldo] 30/5/2022 07:10

Predictive have actually raised $55m, which should ensure substantial drilling revenues for CAPD as follows:



“The funds raised will allow Predictive to accelerate its comprehensive drilling program and build further on the 3.65 million ounces already discovered, as well as deliver a scoping study which will include our baseline and environmental study results in late 2023.

“Bankan is potentially one of many significant gold deposits and marks the beginning of our journey in developing Guinea’s Siguiri basin into one of the most exciting new gold addresses in West Africa.”

[kaizenkid] 26/5/2022 06:41

West African gold hopeful Predictive Discovery put a $50 million equity raising to institutional investors, seeking fresh funds for works at its flagship Bankan gold project. A key holding of Capd and a client.

[kaizenkid] 25/5/2022 10:54

ALS in Australia - a potential peer to MSA Labs..."The Commodities division, particularly Geochemistry and Metallurgy, are continuing to benefit from strong demand
for commodities and energy metals. Strong volume, price increases and increased capacity in Geochemistry are driving further volume growth and margin accretion in the first months of FY23. "The Commodities division reported revenue growth of 31.1%, of which was organic with a 1.7% contribution from the recently acquired MinAnalytical. The continued high demand for commodities drove an underlying EBIT margin of 29.9% which was an increase of 230 bps for the year. "

[rivaldo] 23/5/2022 08:32

Indeed - and CAPD are also the drilling contractor for SHG at West Kenya. Today's drilling results look good - and have led to the drilling programme through 2022 being expanded:

"Phase 2 drilling programme aimed at converting resources to Indicated at Isulu-Bushiangala; in addition, drilling has also now expanded to district targets at Ramula and adjacent anomalies"

"Having just started work on the feasibility study workstream earlier this month, this is a hugely exciting time for the Company and our stakeholders as the West Kenyan resource expands toward a multi-million ounce gold district comparable with other prolific greenstone belts in the world."

[shanklin] 23/5/2022 07:04

Good to see MSALABS working for SHG as per today's SHG RNS...

[mrnumpty] 21/5/2022 09:45

Having only been invested in CAPD for a few months , I have learnt that , when interest rates rise ( especially the US dollar ) , by making the holding of cash more attractive against gold ( which obviously pays no interest ) , the price of gold falls correspondingly . It seems that this is at least part of the reason for the recent weakness in the spot price of gold . However , with inflation at about 9% so far ( ! ) , it is my belief that it will be completely impossible for the Western banking system to increase interest rates sufficiently to catch up with inflation , because individuals and nations are so heavily indebted ( ie the sufficiently large increases in interest rates would destroy individuals and countries ) . Thus it seems to me that gold must continue to appreciate in value . It’s nice therefore to see this apparently reflected by the Ruffer Investment Trust , with the Money section of today’s Telegraph commenting ( page 6 ) “ Popular ‘ capital preservation ‘ investment trusts , such as Ruffer Investment Company , have topped up their positions in gold , which now makes up 10% of the portfolio . Gavin Trodd of Numis recommended Ruffer when markets were volatile or falling . “ During the global financial crisis the value of its assets rose by 26% in 2008 against a 30% fall in the FTSE All-Share index , he said . “ it can be regarded as an attractive portfolio diversifier “ . We seem to fe in good company , but do your own research .

[phillis] 21/5/2022 09:33

No
It is simply that AJ Bell do not pre fund dividends until they are in credit themselves

CAPD should on declaring the dollar dividend , establish a dollar exchange rate and put the broker in sterling cash funds

As it happened I got a slightly better exchange rate than that pertaining on 10 May
That small exchange benefit was on this occasion collected by those brokers that pre fund

[hpcg] 20/5/2022 20:15

Well AJ Bell has some culpability there, I have dollar dividends paid into IG and Sterling into IG and HL well over a week ago. Foreign dividends are hardly unusual.

[phillis] 20/5/2022 16:11

Divi finally credited by AJ Bell
Ridiculous that in this day and age CAPD should be sending dollar cheques drawn on Barclays Jersey

[chillpill] 17/5/2022 09:40

Gold tends to fall when the dollar strengthens.

The USD has risen almost 10% against most currencies so gold is trading close to all time highs for most people around the world.

CAPD is a small cap when fund managers have redemptions-as they will have done over the last month- they have to sell down their portfolio often selling the best/most liquid ones to fund the redemptions.

All normal stuff.

[troc1958] 16/5/2022 13:40

MRN ...read my post 2183 to get my thoughts.I can't see any main reason why share price is dropping ... maybe- gold explorers make up quite a high % of CAPD current and future work .... higher interest rates and lower gold price means higher cost of capital and more difficulty for explorers to raise funds to "drill" which could impact on CAPD future work / earnings (although CAPD state the tendering pipeline is very active)- ongoing Africa contagion (should already be factored into the "low" price)- general market contagion and potential recessionTroc

[mrnumpty] 15/5/2022 22:19

Two basic , maybe silly questions : 1/. Given that inflation has been rising to a disturbing extent in the West , with gold normally seen as a defensive hold in such an environment , why has the price of gold dropped recently to about $ 1811 ? ; with the Company overwhelmingly working for gold companies , and with the P/E ratio of CAPD so low , and the dividend yield quite reasonable , why has the share price of CAPD been so weak recently ? Thanks in advance

[kaizenkid] 10/5/2022 10:45

Geodrill Transcript: "With increased exploration budgets pushing utilization higher, we're now also seeing increased pricing for our services."

[johnrxx99] 10/5/2022 07:43

A rate of 3% marked in by the market apparently.

[adamb1978] 09/5/2022 15:55

hpcg

"My view, based primarily on Hedgeye, is that US interest rates top out much earlier than the market is pricing."

Completely agree. I dont see how central banks will be able to raise rates as people are expecting when the data softens in coming weeks/months

Adam

[hpcg] 09/5/2022 15:16

Its just market selling IMO, small caps always get hit hard, that's the nature of the game. My view, based primarily on Hedgeye, is that US interest rates top out much earlier than the market is pricing. Gold is selling off right now because of margin calls; it is quick and easy to liquidate in an emergency. I'm sure there will be some selling on the end of the gold bull. Share prices move on sentiment much more than anything else and markets are anything but efficient.

[troc1958] 09/5/2022 13:46

Geodrill is becoming quite a competitor for Capital in W and N Africa. Maybe the reason why Capital shares dropped this morning. I do recall Geodrill winning a large contract from Centamin in preference to Capital in Jan 22. However was unaware of the size of the contract ...approx 50m over 5 years. I'm still happy to hold Capital and top up on weakness. 91p was good enough for me.

[kaizenkid] 09/5/2022 10:00

Geodrill Q1 positive tone: “The start to 2022 was the best we have had in the Company’s history. Our record quarterly performance demonstrates steady value generation,” said Greg Borsk, Chief Financial Officer of
Geodrill. “With strong gold and commodity prices driving demand for our services, we expect to keep delivering at this pace, with steady revenue growth and profitability. We continue to maintain a robust balance sheet, while providing the premium drilling services that have set Geodrill apart in the past and will continue to drive growth in the future”.
“Rig for rig, Geodrill continues to outperform, fortifying our position beyond traditional borders and into new geographical regions, diversifying revenue, minimizing risk and ultimately making Geodrill more attractive than ever as an investment,” said Dave Harper, President and Chief
Executive Officer of Geodrill. “This sharp focus on executing on our capital market objectives has put us in a strong position to continue to benefit from the robust exploration environment. With current gold prices rising, we anticipate continued upward adjustments to capital spending by both senior and junior mining companies.”