Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Has anyone figure out why net debt is not going down? the 3rdQ should have led to a decrease of net debt. It did not happen. Why? Is ASC out of control?
On the whole, I’m comfortable with the results, the forecast, and the improving transparency. It must be a constant balancing act to decide between own ore and 3rd Party dependent on the relative recovery rates and prices sought. The goal must be to find that elusive high grade ore which would really get the juices flowing. At current (own) grades it must be a temptation to seek proven 3rd Party ores and concentrates.
Lawrence13 it says again, that it it is legally binding, no need to get bondholders approval, but it looks like buyers have not found the cash to get rid of the guarantee, I would just like some clarity as to how long they have got to find this. Ridiculous. !!!!
My mistake: IRC was mentioned....haven't fully grasped what it means but it was raised
And it seems they are going to have to go some q4 to get to year end target , probably will be on the bottom of estimate or just miss due to the weather
I'd also like updating on IRC . I did email all at customer relations several weeks ago but no one replied. Disappointing day as we were all hoping for another boost to the steadily climbing SP. Why .....I almost forgot about strukov.
I would suggest that, that will be kept till the capital markets day. Results definitely nothing to write home about, and I know we have been spending money on the second pioneer flotation plant, but its not even jam tomorrow, Yet !!! And I cant see anything about the investigation, what are the results, and how much has it cost ????
No mention of a separate Strategy Statement “by the end of the month” - I wonder if we are supposed to deduce this as having been folded into various comments in the Trading Statement.
There are some good points: Own-mined gold production during the quarter was 101,600 ounces, a 17% increase year-on-year, thanks to higher production across all of its mines.
I totally agree. Considering that high debt rates have almost bankrupted POG in the past, they are quite relaxed about 600Mio in debt. I wouldn‘t mind, if they had 3% financing cost and growing cash and at least slowly dropping debt, but neither one is the case. I am wondering what‘s going on. Finishing POX2 cannot cost that much money…
Totally agree ltrader , always the same just different excuses
They are moving in the right direction.
Company cleaned from residues of old system. At the same time gold is becoming more in demand across the board.
Cash (unaudited) as of 30 September 2021 was US$34.5 m (30 June 2021: US$36.5m)
§ Debt principal outstanding as of 30 September 2021 was US$592m (30 June 2021: US$573m)
§ Interest-bearing gold prepays stood at US$18.5 m as at 30 September 2021, a net decrease of US$18.6 m over the course of Q3 2021.
so, in 3 months POG actually saw its debt go up? every single management team seems to be unable to stop whatever is going on...