not had a proper look at rns yet , will do over the weekend . here's two interesting links to ponder over , http://kingworldnews.com/terrifying-interview-2015/ , https://www.youtube.com/watch?v=IS-90W7v7LA . atb
27 Feb '15
RE: Not as bad
Spot on Affe. The tide is turning and the SA journalists are finally putting Holding & Loots on the spot with questions that should have been asked a year ago. Cobus Loots will no longer say that they have delivered for shareholders. It was all very sneaky as the RNS was released early and dial in details vague. It took a call to PAF who then gave out a wrong time for the call. We tried to get some questions in at the end but were cut off. The low grade cycle has been longer and deeper than the board stated. A raft of non achievers are leaving. Non-execs, deputy Chairwoman, and Holding is retiring. Loots is too young. Bristow at Randgold is a tough talker, unlike our lot. These one off incidents are worrying. Whatever happened to the mitigating work at Evander to keep ounces up. The retreatment plants are positive and have saved the sp from falling more. Behind all this fiasco is a country risk like South Africa. A country that is going backwards. They bought Evander too early and could have got it for a steal had they waited. Still unclear why they bought it going into a low grade cycle. Where were PAF at the BMO in Florida? Tgey need to look for opportunities outside of SA where unions and govt are not able to ruin businesses.
27 Feb '15
RE: Not as bad
Cash costs seem to be running away with them though. I know that Evander cycle is lower grade, as expected, but that doesn't excuse a rise of over 40% cash costs, nor 20% for Barberton. We need them to up their game on this stuff.
26 Feb '15
Not as bad
yeah , just had a quick look at rns , considering it wasn't a bad 2014 and progress has been made and it now looks good for 2015 . i'm expecting gold to move into a higher trading range which will be good for our profits for this year . atb
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.