I'm still very confused by your pre " iPO " and " iPO " question but can point out the more shares issued the less each share is worth . We still have the 2,371,365 GOS shares and by the sounds of the 10th July 2014 RNS appear to have the extra 1,500,000 GOS shares on iPO day . This can mean only one thing there will be more than 100,000,000 share GOS shares in circulation come iPO day . I don't take much notice of the 70p / GOS share since Colin Bird would have much more information regarding the true amount of GOS shares to be issued and as I've already said the more shares issued the cheaper they will be . Our remaining GOS shares even though substantial is a bonus to XTR to me and come the New Year we'll know how much of a bonus they will be . I just hope we keep them long term but know we have our own projects hence wouldn't be to saddened to see them go .. Attached is aforementioned RNS to clarify my position in believing more than 100 million GOS shares will be issued on GOS , iPO day . http://www.lse.co.uk/share-regulatory-news.asp?shareprice=XTR&ArticleCode=b9uyo5a3&ArticleHeadline=12m_Raised_from_Disposal_of_5m_GOS_Shares
Blanka ....... at the AGM m 26th June 2014 ....... Affe ,,, notes state
Chepica, $850 ounce all in costs. I must say that Jan is a breath of fresh air on this. His view is that there is no point being evasive about this number. This is truly 'all in' and includes Corporate costs.
Since then with 3 fully functioning gold mines as opposed to the 1 we started with I'd say costs have dropped mainly due to higher grades and greater throughput . Tonnage of 6K through the mill were reported at the time with an increase to 10k expected within the month .With average gold being around $1,300 an oz since with took on the earn in agreement it's going to give much needed cash for expansion and on that note it's time for me to call it a day .
Hi drif, Yeah I wasn't for a moment thinking it could go that high (well not based on the current macro economics). But hell I'd take $1,500, that would be >$300/oz pure profit more than currently. Do we know what our all in cost/oz is for Chepica? I may have read but can't recall
Space...Haha, indeed! Is that an indication of Halifax being a safer place to hold investments i wonder? I was actually scrimping and trying to pick up a final top up below .22p. Was still getting .229 at the end of the day too.
Anyone know how accurate LSE is? They are showing quite a 2.8m sell going thru at the end of the day, may be YA selling another chunk? I don't have L2 so unsure if it gives any more info there.
I'd hate to even attempt to put a figure on how many shares Yorkville have left but I can say the 3% threashold can't be far away . They had 262m shares as of 22nd August 2014 but in the three weeks since volumes have greatly increase with sell trades of 5m going through twice in one day at one stage . There's also the prospect of director buys , friends of Colin Bird and even Jan Nelson who might soak up a fair few outside our trading platforms . Hence ..... wow .... good question ..... :-)
Gold companies are often thought of as leveraged profits based on gold price and multiples of the profit margin, in a gold bull market low cost of production mine stocks climb well. Please dont be fooled by the forecasts of gold hitting 5000$, be more guided to 1200-1500 over the next 2 - 3 years and you wont be to far off or dissapointed.
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