"Shareholders are advised that MiX Telematics is in the process of investigating strategic alternatives relating to the company, the full impact of which may have a material effect on the price of the company's securities."
A company with no patents and multiple lawsuits regarding its technology and a customer base heavy into oil and gas is looking to be sold. Interesting to see what it goes for. Sounds like desperation
SLW did not say the ROI was 11%. Another dumb poster here interpreted it to be that in error. You can easily calculate the numbers yourself using the same math as the SA poster.
snippet from recent SeekingAlpha article:
"With gold at $1,200 an ounce and 70,000 ounces of annual production, and ongoing costs of $400 per ounce, the company should earn $56 million in operating cash flow from the stream immediately. That represents a rate of return of 6.2% on the company's $900 million investment. "
So the guy who was saying the deal had an ROI of 11% because that's what it said on SLW's presentation read the presentation incorrectly. 6.2% ROI suks. They could buy corporate debt and get that return with less risk
they added Chinese currency but that seems like a small thing. I think the stock is still doing well because no one is aware of the huge falloff in volume. You think these funds are monitoring the home page of PCGS every day and noting how many coins they did compared to last year?
when this company started we debated if the 3-5 year paybacks were too long. Now they are 16 years and you say that's OK. I quadrupled my money here...twice. How much are you up?
If the price of gold goes to $2000, it's still an 8 year payback
Mar 4 2015, 10:26 ET | About: Silver Wheaton Corp. (SLW) | By: Carl Surran, SA News Editor
Canadian banks are getting nervous as they struggle to find buyers for Silver Wheaton's (SLW -1.2%) $800M bought deal financing, Financial Post reports, as the company's stock continues to trade below the offer price.Sources say a very large portion remains unsold, with one describing the deal as a "train wreck.
”The bought deal, announced Monday after the close, was priced at US$20.55/share, representing a 3% discount to SLW’s closing price that day.
This is the third time in recent months where banks had trouble selling a very large mining stock offering, following Barrick Gold and Franco Nevada offerings that proved to be tough sells; FP says it shows that investor appetite for these stocks is not endless amid rough market conditions.
I know what the deadlines are. Who wants a CFO who gets things out just before the deadline? If he can't be early with a $100M revenue company, is he equipped to handle a $200M revenue company? He didn't impress me in his presentations. He doesn't impress me by getting stuff out before a mandated deadline.
yeah but with declining metal prices their cash flow is falling. you really are a moron and should not publicly comment on stocks because your stupidity may influence someone and cost them a ton of money. This is a bad deal. The first VALE deal was a bad deal, this is even worse.
here are the comments from the deal last year when gold was much higher. Everyone said it was a great deal and that gold was going higher
why does it take so long to put out the year end financials? Fortune 500 companies can do it in under 30 days. This schmuck takes almost 3 months. I don't think he is the right guy for the next level this company is headed.
that doesn't mean anything. They are FREE until exercised. They can now use the warrants to short the stock with impunity if things go the other way. You guys really have no idea what you are talking about and are grabbing at straws. The market hates this deal. It hated the original VALE deal and hates this one just as bad.
every other large profitable company is buying back shares and paying a decent dividend. These guys dilute, dilute, dilute