The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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You're taking it far too personally, I never accused you of anything accept perhaps not fully understanding how mines operate, and that the cost were no surprise and it was a surprise to me you didn't seem to realise it was not a problem. It's the nature of mining, nature throws up problems like poorer grades and collapses of ground (didn't they lose some workings that led to this)?
I may well come across as patronising and if so you better just ignore me, I will challenge anyone I think is wrong and expect the same - its' a debating forum after all.
Can't we just move, if you want to have a last snipe at me go ahead. Remember you put a question in your post /(as I have done in this) so I answered you, I thought I was being helpful.
Moving on Gold has just touched 1900/oz again, that is great for confidence even if it retreats a little.
jtd still a patronising bafoon...I never said it was going to crash, nor would I want it to I'm invested. fact is aisc are massively up and that would temper excitement...the divi yield is high, the sp would be a lot higher if everyone agreed with the pump merchants expecting this to rocket
nail on head in terms of jointhedots read - a few posts down - on the future being very bright here imho
Accepting the extremely punchy and regular volatility here may not be for the feint hearted, more generally, this is a share that I am confident to very confident on in 2021, whatever way the global macro cookie crumbles.
ethical - take the comments on the chin don't offended. You can call me all the names you want. it doesn't hurt, you can like it or lump it but all I said was true.
This is about TSG, not me or you and all is well - no sell off.
jtd - you sound like you are a bit of a patronising bafoon who loves the sound of their own voice or at least the sight of your own words....empty vessels and all that.
ethical - I don't believe you fully understand how mining operations work mate.
The costs are fully explained, completely plausible and associated with the current operation and dealing with Covid management - that is extremely important to understand, it's "TEMPORARY" and the switch to V25 will see costs/oz tumble as the oz/tonne mined, transported and processed increased massively.
It's about the quality of ore, big companies with economies of scale can work low grade small operations need to be nimble with higher grades. H1 results without the background information we have would be very worrisome, knowing what we do the results represent excellent transitional progress - I believe TSG shareholders are not idiots, (most of them) not the normal AIM sheep most companies put up with, there is no sell off and analysts will get their presentation today, with PI's tomorrow at 11am to clear up any concerns. Don't worry yourself.
Probably not fair to compare but as I hold both SHG and TSG I'm going to:
SHG produced 84k ozs at an AISC of $777 and lost $9m and never paid a dividend
TSG you've seen the results so SIZE does not matter its all about the bottom line, making money.
With the low gold production in Q1 2020 and any initial COVID19 mitigation measures, i was expecting some increase to AISC. Perhaps when it's in b&w for some it was unexpected?
The guidance if I remember was always a largish spread of $900 - 1,000 AISC, so they've only missed upper range by $21 and sure with 2H 2020 on track to deliver 21k+ production, they will meet both production and AISC guidance.
Correction on my previous post - meant 7% interim div yield.
20% increase in AISC might have something to do with the drop?
Don’t forget that some traders really do 'Sell on news, buy on rumour'. They'll sell on every RNS regardless of content.
Net Debt is also down to only $8m end of June 2020 from previous $16m.
Announcement of 8% interim div yield at this share price to be paid early Nov, upgraded div guidance going forward and a bumper Q3 2020 due in Oct as they allude to production being in line with Q2 production of 11,419 oz, the response is quite bizarre.
EPS of 10p per share for half-year, interim dividend of around 6p per share (ex-div 9/10), Q3 on track... and the share price stumbles on open.
AIM never ceases to amaze!
In an era of Covid this is a very good performance.