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Member Info for JDwag

Member Since: Mon, 16th Jan 2012

Number of Share Chat Posts (all time): 3,069
Number of Share Chat Posts (last 30 days): 44

Last Posted: Tue 18:20

Post Distribution over the last 30 days

Tue 18:20

I am mate yeah, WTI, ECR and KIBO are the only ones, just feel like posting less and less and I only post here because it's by far the quietest.


Mon 19:22

All joking aside they have gone from a very plush West End Piccadilly Office to a near river Regus Serviced Office on Fleet Street (Regus are known in the game for offering the cheapest functioning serviced offices there are), a big step down alright in stature and in cost!

I would like to hope that the BoD and institutional investors are driving an aggressive Cost Cutting programme.

25 Mar '15

Cheers for that, hadn't relaised they had sold forward 18 months worth of copper previously.

But it has me intrigued that they now believe that they can make Central Ops work as cash neutral at $5800 per tonne at 500 tonnes per month when they couldn't the previous quarter at $6500+!

To make such savings they must have had made major cutbacks and / or (as I believe) all of the costs on Directors, Head Office, Administrative, Staff Costs, etc, etc that was being taken purely by Central Ops are now being spread out by Tschudi now being (in part) operational, time as always will tell.

25 Mar '15

Why do you think they have persisted with Central Ops for so long?

Is there a synergy to be made with Central Ops and Tschudi being in production at the same time, such as shared management, operational, administrative costs?

I ask, because looking at the new 'break even' target of $5800 per tonne based on 500 tonnes per month production this seems to be a good bit lower break even point than quarters gone past, just wondering if behind the scenes the Tschudi / Central Ops synergies will no pay off or there has been some cost cutting going on?!?!

25 Mar '15

The BFS RNS of 19 Decmber 2012 sets out who all the consultants where and what role they played in the making of the BFS.

Once this gets sorted and they have the mine up to 'Design Capacity' I would assume at least one of those Consultancies will get a knock at the door.

Working for a large Construction Consultancy myself, it's actually more common than most people think to have your PII taken for a settlement (especially in the Design game) if your design is found to be the reason behind project performance, however, they will only be able to put a cost to it once everything is known and the final production and financial numbers are known.


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