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The MD&A out next week will cover ops and cash burn through to March 31st 2024.
If the cash balance is less than $5mln then you can be assured we are close to zero now.
As noted in past accounts, teh company has a $6m per year running cost on the regionals alone. Some 60 odd licence blocks in that folio all requiring cash spend / committments or lose them and let them go for free to someone like Barrick or Gina R.
Perhaps Bob's plan is to grind the cash pile to zero and then offer shareholders a pony deal and suggest it's hard to fund the business going forward etc... so board recommends we take the pony deal.
If that leads to a bid process and other players coming in with better deals... then sobeit.
But walking the business into a funding black hole looks reckless at best and management have a duty to shareholders to ensure we are a going concern. At the moment, we don't even have enough to meet our licence obligations.
So clock ticking louder and louder on Bob's amazing deal he's been working on for over 18 months now. I hope he blows the doors off but I fear he'll likely deliver something weak before something stronger comes along.
Cents
Wonder how much cash there is left in the bank.
Mining not popular in the polls. As outsiders we obviously all think it's the most direct route to economic growth and improved QoL. However, the narrative relating to illegal mining and damaged indigenous lands seems to have resonated with city folk, so Noboa will first have to make the social and economic case for legal mining like Cascabel before he can hope to gain political capital from any announcement. Another reason there's a long way to go here. Really hope readers here didn't believe the rampy hype at 9.3p last week... Got to wait for the dilution of the raise to clear out first (as I keep saying)
Noboa is in control through to May 2025 and potentially longer should he be re-elected next year.
This year is a bit like a pre election campaign for him so he'll be keen to make some major headlines that woo ecuadorians.
He's clamping down on crime but jobs and growth key.
He really could do with announcing the biggest mine deal in Ecuador's history... now that really would be a fine present pre elections.
Interesting...
Those late reported trades (2x124355) are in addition to the two posted after hours last night.
The LSE has already consolidated them into yesterday's trading...
So...4 x 124355...bizarre...
Bozi, yes, you're probably right. And you're also right about Nobby - he needs to deliver as much as we do. If he can prove his credentials as it relates to us, other miners will be greatly encouraged.
Ah the leviathan has awoken...7pm in OZ so maybe they were waiting for something...
ATs abound...
**** = a r s e h o l e
not sure how it finished but about 4pm yesterday at volume was 59% of all volume, far from muted when it typically ranges 25-70%
the 19k ******/manipulator/potential si however you read it is still here this morning. volume however is dryer than a nun’s……airing cupboard
Not sure I'd agree Add.
We're likely at that stage where virtually anyone backing a favourable development is in and those who wanted to derisk and reassess the investment case are out.
So the market awaits. Are SolGold going to walk the walk or are they going to deliver some meek runway extending finance?
My view is that it's heavily in Noboa's interests to provide the company with any outstanding permits pronto if they want Cascabel to be producing this side of 2030. Those interested in the M&A side will likely be aware of the window we're in right now. It won't stay open forever.
Maybe the 'Autotrader' doesn't want to be exposed to a sudden announcement and...
Based on the few days recently where AT trades were far more muted, I believe the 'manipulator' has been expecting news for a week or more...maybe the terms of any deal were being improved during that time...?
How about a total twat club?
Stack high
Tesla
Need a shyte
Quady
Copper tosspot
The mm's prob just working through that 9m block from last week or another large block is being worked through.
I don't think we'll see anything material until the BHP / Anglo bid fight concludes.
Small funding raise to keep lights on likely soon though.
None of those things red ramp
It’s lack of volume caused by lack of interest
Aquinaga
You can probably swap those members for the deluded club, founding members who I guarantee will never be as wealthy as your select club…..
BYRONBAYGOLD
REDKNIGHT 1
Dreamboatwarrior
Unfortunately these members are pretty broke and never likely to recover their mounting losses…..
However let’s see what funding solution Solg come up with in the near future
The excitement of a few weeks ago has passed, which given that by necessity we are closer to an announcement, is strange.
If we're promoted back in, this should give us a 35 million share buying boost...
The day before the MD&A
And hopefully after a funding announcement...
May 07, 2024 at 09:06 PM UTC
THIS IS AN ANNOUNCEMENT FOR THE MSCI GLOBAL STANDARD INDEXES
MSCI MAY INDEX REVIEW ANNOUNCEMENT SCHEDULED FOR MAY 14, 2024
London - May 07, 2024 - MSCI Inc. (NYSE:MSCI), a leading provider of critical decision support tools and services for the global investment community, will announce the results of the May 2024 Index Review for the MSCI Equity Indexes - including the MSCI Global Standard, MSCI Global Small Cap and MSCI Micro Cap Indexes, the MSCI Global Value and Growth Indexes, the MSCI Frontier Markets, and MSCI Frontier Markets Small Cap Indexes, the MSCI Global Islamic and MSCI Global Islamic Small Cap Indexes, the MSCI US Equity Indexes, the MSCI US REIT Index, the MSCI China A Onshore indexes and the MSCI China All Shares Indexes. All changes will be made as of the close of May 31, 2024.
MSCI will post the list of additions to and deletions from the indexes for the May 2024 Index Review on its web site, http://msci.com, shortly after 11:00 p.m. Central European Summer Time (CEST) on May 14, 2024.
A summary of the announcement will be made available shortly thereafter on Bloomberg page MSCN, and Reuters public page MSCIA.
FTJNY, I was referring to the IR guy Tufford. It's not a new appointment and I was simply bemoaning his seeming incompetence.
Add, sorry I must have missed your previous post. Who’s been appointed?
No Autotrades in the first 90 minutes and...
The quote has remained below the spread throughout...
MMs defensive...ATs called it a day...news coming...?
Eloro, on this particular point you and I are in agreement. I simply don't understand why he's been appointed - perhaps he's related?
Nal, do you have any idea of just how deranged you sound? You seem incapable of understanding that everyone has different lives, different experiences and meets different people. Why is this so difficult for you to grasp? And whether you believe me or not is completely irrelevant to me.
I still facncy Barrick, but lets see...the Chinese have to be favourites...
https://seekingalpha.com/news/4103321-ma-will-not-help-with-looming-copper-shortage-barrick-ceo-bristow-warns-ft?mailingid=35314351&messageid=2900&serial=35314351.6142&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=35314351.6142
Steady on NAL, I don't think Add was being superior. Lord Braggart yes, not Add. Further, anyone who attended Oxford or Cambridge are worthy of respect because those are our top universities, and not all of us would qualify to attend. I am a University of Liverpool graduate and the best I could hope for is to be a caddy for an OxBridge grad. Respect where respect is due. This world needs all sorts of talents to function. Aussies, Americans and Canadians are pioneers. They are the type who get things done with whatever is available. But I would rather be led by an Oxford graduate than a highly paid cleaner😆