Capital Share Discussion Threads

[phillis] 20/5/2024 10:56

AJ Bell still sending $ cheque for clearance before crediting accounts
Does everyone pay 0.5% forex charge

[hpcg] 20/5/2024 10:49

yes, long ago

[phillis] 20/5/2024 10:37

Anybody got their divis yet

[rivaldo] 20/5/2024 10:23

Yep, the gold price is up to a record $2,445 as I type. Which has to be good for CAPD's client base and resultant spending and growth plans.

[chillpill] 20/5/2024 09:05

Feels like we have just started a second wave of a commodities boom.

[rivaldo] 17/5/2024 10:29

In the Q1 trading update in April CAPD said re the big Nevada Gold Mines project:

"Material NGM drilling contract set for ramp up through Q2 2024: The commencement of operations at our high-quality contract at Nevada Gold Mines is scheduled for the second quarter with activity increasing progressively through the remainder of the year"

Barrick have now confirmed that it's "officially on track to produce 130,000 ounces (oz) of gold this year":



Extract:

"Barrick, which owns 61.5% of the project through the NGM joint venture with Newmont (38.5%), is developing and will operate the mine, scheduled to reach commercial production by 2026 and growing to approximately 400,000 oz by 2028 (100% basis). The 24-year underground mine is expected to provide 500 jobs during its construction and employment for 570 people once operational.

More than $300 million of a $1 billion capital budget has been spent on the project which is expected to produce $326 million in net proceeds tax and a further $142 million in gold and silver excise tax for education in Nevada under the new mine tax framework."

[rivaldo] 13/5/2024 09:13

WIA Gold were up another 9% overnight to new highs of A$0.12.

CAPD's holding in WIA alone is now worth £11.6m.

[davebowler] 12/5/2024 16:04

Triple digit gains for Gold miners? hTTps://youtu.be/q7ir0bem4m0?si=2msBgui-2l4AxKzx

[rivaldo] 02/5/2024 07:30

PDI have announced a successful A$50m fundraising at the excellent price of A$0.19.

CAPD may or may not have invested further, and the PDI share price understandably reverted back overnight to A$0.195.

The good news is that CAPD are the drilling contractor at PDI's core project at Bankan - and this will fund "and accelerate the multiple drilling programs" there:

[rivaldo] 30/4/2024 11:09

40k shares bought in four 10k lots just now at 104.015p, and around a net 70k in total so far today.

Good to see buying still coming in after the recent rise (although imho CAPD remains excellent value at the current price!).

[rivaldo] 30/4/2024 08:33

Last year's was 18th May, so not long now. I don't think this year's date has been published yet (couldn't see it in the Annual Report).

[phillis] 29/4/2024 16:12

AGM
When and where?
Anybody know?

[rivaldo] 25/4/2024 10:50

CAPD has "further to go" (subscription-only):

[hpcg] 24/4/2024 18:55

Traditionally what happens in a high gold price scenario is miners low grade, making margin on those areas whilst they can. This should mean more step out drilling and delineation of marginal ore bodies. Equally they'll turn their attention to exploration. That all equals rig demand.

[death by donut] 24/4/2024 17:10

Ooh 'ello , whats all this then.Pleasant surprise after picking up all my materials for tomorrows job.DbD - Long :-)

[adamb1978] 24/4/2024 17:08

Strong gold price (and undervalued company). Strong gold price should mean CAPD's customers are more flush with cash, making them able to finance more activity and presumably the price now makes some projects viable which otherwise wouldnt have been with a lower price.

Really hoping there is some consolidation in the sector and CAPD's investee companies get taken out....

[phillis] 24/4/2024 16:41

So what gives?

[rivaldo] 24/4/2024 10:58

WIA Gold were up another 10.5% last night to A$0.105 - this holding is now worth almost exactly £10m.

[rivaldo] 23/4/2024 14:23

Great to see buying coming in now at 98.82p.

[davebowler] 23/4/2024 13:33

Stocko pedia is showing this as a buy due to its appearance in the alert screen triggered by its 'Golden Cross' chart formation. Every bit helps!

[hpcg] 23/4/2024 08:39

Perhaps Adam - I mean obviously that helps, especially the dividend minded. I just feel a large portion of the UK public are not investment minded, and for those that are all-world, Nasdaq and SP500 trackers really are the first option. Small cap investing, which is all but the top 50 listed companies, at least by the hedge fund definition, is a niche endeavour. Alas plenty of those so inclined will fall into the intensively promoted cult stock trap, though it has to be said even those are thin on the ground right now.

[adamb1978] 23/4/2024 08:25

Hi hpcg

We *should* see something of a reversal of people ignoring small caps over the next 6-12 months as interest rates get cut. Earning 5%-6% risk free with savings narrows the gap too much to what people perceive they might make on small caps on a risk-adjusted basis.

Once savings products or similar low/no risk things start offering returns beginning with a 3 then small caps should become more in vogue. My view is that rates will tumble very soon given how low inflation is - if you take the last 6-9 months, inflation in the UK is sub 1% but figures are masked by large monthly jumps last spring (dont have precise figres to hand).

Adam

[hpcg] 23/4/2024 08:18

The continuous of acquisitions at the smallish end of the UK market must be providing some institutions with pause to cast their net further, especially as the ratio of dross to solid companies gets ever larger. Equally watchlists must be shrinking as quality members are taken over. It is still difficult to fight the tides of money being withdrawn. A place to aim is the FTSE250, but we are a way off that with realistically a £400mn market cap being the entry level, though with depletion in that index who knows.