Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Agree - effective coupon for the bonds with copper ot $4.30 is 9.55% !
Gold and copper price makes this very attractive to many and especially for the bond. Get thar rns and pxc rockets
On your dividend point - I recall form previous investor presentation RW saying that he hoped the fist dividend to be payable to shareholders would be the repayment on the loan to Konnex which has built up over time.
It is a few years ago now, but the outstanding loan amount is roughly x2 the current market capitalisation of the company - so buyers at current levels could well see an initial yield of 200% on their investment within a few years...with ongoing and subsequent dividends from production free cash flow being a significant percentage as well!
Yes Indeed MTSparky,
I suspect they kept the SP range bound this month( to an extent) for the Bed and Breakfast/ ISAs etc.
.....with a little bit of steady buying from now we could be well on our way to 14p+
And of course on positive news??? maybe an RNS in the pipeline.....seems to get a bit of buying in advance......and the subsequent sell off.....shows me that perhaps the knowledge of an RNS coming...but not the content....only the author/s know the content!
I would like to see $25m Bond Completion followed by PFS and more "used" equipment purchases and before the end of May 2024....would restore confidence and enthusiasm....and SP to ??? is 60p too much to expect by 30th June 2024??
GLA
Lets just take in what we are investing in. To begin with, A STARTER mine with resources worth circa $1.8bn mined over 5-7 years. Plus all the other resource including what we think is a stonking Porphyry somewhere at depth. Cash generation will be amazing and there could be dividends. They will get the cash from somewhere the resource is too big and proven to just sit there.
"Let's just hope we're not watching it from the sidelines in a couple of years because PXC still haven't sorted the finance for it!!"
Exactly. How frustrating would that be.
80% chance IMHO it will go as planned.
I would be disappointed and surprised if this did nt hit a £1 within (not by) next 2 years. 40p not so long ago
We'll see
Oh my copper-gold-silver prices this morning :)
i know not a producer yet, this only increases value of assets in the ground and copper bond financing yet to be closed, firmly placing the brakes on the SP
have a nice weekend all
DYOR and GLA
Let's just hope we're not watching it from the sidelines in a couple of years because PXC still haven't sorted the finance for it!!! ATB
Gold and Silver are both undervalued, but silver when compared to gold should be multiple of where it is. The silver move will be very interesting to watch.
And don't forget about our Silver & Gold .........52year high just now for AU......£1,916.84
#Copper prices climb to 2024 high as Citi calls the start of the metal’s second bull market this century
Slightly odd topic but I read today that the word 'delve' albeit a fine word in itself, is a massive indicator that ChatGPT has been used to write the article/book/report. Stats back up the claim
"Realise the bonds aren't going to happen"
Really??
You start off thinking your company will be a great success. Try to minimise dilution by issuing bonds. Realise the bonds aren't going to happen. Start doing placings then just keep doing them until you retire.
"Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton)."
I would think by end of 2025 we will be above $12K and circa $1K a tonne increase each year taking it to a high of $14K or $15K
All irrelevant here if things don't go to plan with the financing - I'm betting they will though :)
Yes fully agree with the frustrating sentiment ! I just keep telling myself that the company are following a professional and diligent pathway in order to attain the maximum output from this mine. This takes time and patience. Ryan knows 100% what he doing so trust he is working for us in the long term. No cutting corners at any cost !
Looking good for the future we just need to get the metals out of the ground before hell freezes over!
A somewhat impatient but still optimistic Ducks.
Amidst the fluctuations of the copper market in 2024, anticipation runs high for the red metal's trajectory. Recent analyst polls indicate a projected average price of $8,625 per ton, reflecting a resilient 5% increase from the year's outset.
Factors such as supply shortages, spurred by closures like Cobre Panama, and the surge in demand for energy-transition metals are key drivers. Notably, India's urbanization is silently shaping the market ahead of previous forecasts, catching investors off guard.
Our upcoming report will delve into these dynamics and assess the potential for copper prices to surpass historical highs seen in 2022 ($11,000 per ton). We'll also spotlight projects deserving investor attention as copper's long-term journey upward unfolds.
A sudden raft of welcome buys- a little blue, hopefully, fomo setting in for anticipated bonds and/or pfs.
If only they could mention in their next rns, that they have observed rare earth elements (joking), we could do many bags.
Its a good option for us. Deffo more confident about securing some finance if bonds don't complete.
With the bull market in cu anticipated-I would have thought the bod would explore the oftake route to production if the bond buyers are being difficult.
....Gold and silver could have quite a way to go yet. Silver especially when compared to Gold.
I've done my Bed and ISA today. Great bit of luck at this low price if SP does go up. Huge tax saving.
11.70 is a buy, done a small top-up.