Capital Share Discussion Threads

[rivaldo] 05/6/2024 10:10

Questions were able to be submitted (and still can), so I assume after the formal AGM business there'll be more interesting stuff to listen to!

[gleach23] 05/6/2024 10:08

I can never work out whether it feels like consolidation at £1 or clinging on by its fingertips.

Certainly one would think that consolidation at this level should provide a platform for a strong and long overdue move up once it finally (hopefully) breaks higher.

[hpcg] 05/6/2024 10:08

We have had a presentation at the start of the AGM but no inside information. 2024 expectations reiterated.

[rivaldo] 05/6/2024 10:06

A reminder that the AGM Investor Meet has just started - management are certainly happy to make themselves available to shareholders on this front.

[hpcg] 05/6/2024 08:55

I would assume the next news will be around the completion of the Sukari rock shifting contract and disposal of the capital equipment, depending on timing. If they choose to spend the money on and RNS. H1 will be out mid August otherwise.

[adamb1978] 05/6/2024 08:52

Hi Rivaldo -

Always difficult to prove/disprove what truly has moved a share price however with TIG, their buyback mopped up a lot of excess market liquidity. When I looked at their cap table a year or so ago, I came to a figure of 70%-80% of the share cap which realistically didnt trade (management, core insti holders, one long term fund holding >25% etc) and therefore their buyback of around 10% of the share capital took out 33%-50% of the shares (ie 10%/30% or 10%/20%) which really were free floating.

That pushed TIG's price up to the 140p odd range before then it exploded upwards to 190p partly as a result of Fidelity coming in. I think there's a strong argument that that the leg up from 140p to 190p wouldnt have happened had all the excess liquidity been in the market as the Fidelity buying would have taken out the weaker hands whic the buyback removed.

I think CAPD should be doing similarly, though we've been round the houses on that here many times before and management are wholly resistant to the idea.

Adam

[adamb1978] 05/6/2024 08:47

I dont think they usually put one out do they?

Nice to see this period of consolidation around 100p. Still think its greatly undervalued but that management could be doing more to get the price up!

[phillis] 05/6/2024 08:33

No AGM statement

[rivaldo] 30/5/2024 12:13

Encouraging to see buyers paying the full 103p offer and sellers getting a premium at 101.4p.

Gut feeling only, but it feels like CAPD are on the verge of a breakout upwards. Hopefully it can achieve a big re-rating like TIG's recent run after a similarly long consolidation.

Or perhaps my gut just requires some lunch.

[lookagain] 28/5/2024 08:14

Looks like 100p could be something of the past.

[rivaldo] 27/5/2024 12:14

More work for CAPD for WIA Gold, who've announced a new drilling programme at Bouafle, where CAPD were appointed as exploration drilling contractors in Q1'22:



"An initial 6,000m of drilling is planned, followed by an optional second-phase of 4,000m dependent on results from the different targets tested.

Wia Executive Chairman, Josef El-Raghy, commented:

“We are delighted to launch this RC program at Bouaflé as a logical and systematic follow-up on the exploration work previously completed there. Bouaflé is an exciting exploration project in Côte d’Ivoire, which has already demonstrated a strong mineralised gold footprint at significant scale."

[rivaldo] 24/5/2024 07:23

I was at Mello yesterday, where Rockwood Strategic were presenting via the excellent Richard Stavely.

Reviewing their portfolio, he unveiled a new holding...CAPD!

CAPD now represent 3.2% of their portfolio.

They believe the market has missed the fact that Chrysos could be generating £10m+ profit on its own.

He also noted that CAPD were nicely cash-generating and that its kit/rigs backs up most of the m/cap on its own (there's $209m of PPE on the balance sheet).

EDIT - forgot that Rockwood featured CAPD for the first time in their most recent factsheet! But good to see CAPD highlighted at such a public forum.

[cp42kx07] 23/5/2024 12:50

FYI, IG credited my account on 15/05 in GBP using an approximate FX rate of 1.2651 equating to a received dividend amount of GBp 2.0551.

[phillis] 23/5/2024 11:35

Arrived this morning back dated

[phillis] 20/5/2024 09:56

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

[hpcg] 20/5/2024 09:49

yes, long ago

[phillis] 20/5/2024 09:37

Anybody got their divis yet

[rivaldo] 20/5/2024 09:23

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 08:05

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

[rivaldo] 17/5/2024 09:29

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 08:13

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 15:04

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