The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
JP I probed as much as I wanted to. Realistically they aren't going to give me any useful info & I'm a busy guy it was a 1min call. I expected them this week but no biggie if it's next week as it's been 1st March before. If you want to probe be my guest & report back - 01707 800774 - the guy answered the main number.
You'll have spoken to Kevin Ellis CFO as the HQ is really only used for meetings. If they don't have a date then the announcement is contingent on other issues; a board meeting, audit sign off, or something else like Orion negotiations. Pity you didn't probe a bit further.
Expected interims this week but nothing; so just rang their HQ office in Welwyn asking when interims due to be released. They don't have IR & the guy who answered said "we don't have a date" for interims. Was 23/2/17 and 1/3/16 so when will it be?
but wti is accelerating....the things will be quicker
Central ops at capacity is worth 2-3p per share, more if they can do a deal to utilise the concentrator. But, they are two years away from that level of production.
Central Ops restarting would be massive IMO
I don't know if its just me, but typically if its bad interim results, WTI seem to post them on the Friday, if its good, normally at the start of the week. The fact they haven't been posted today gives me hope that we will have a good result on Monday/Tuesday. I'm surprised people are selling off at the moment, lots of people will be kicking themselves this time next week.
Sorry, that should have read "saleable product"
2.05 seems so reasonable could not refuse the offer of another 50,000 interims probably next week, could well see this moving nearer 4p. This is a fantastic value as a LTH.
There is no date for interims that the BOD have committed to. Last year it was Feb 22nd the year before 1st March. Personally I don't mind waiting a bit longer as it may give a better opportunity for them to include forward looking commentary on debt restructuring or even some timing targets for Berg Aukas or Central Ops restarting. Until we get more certainty about how much they will cost upfront and when we can expect them to actually start delivering saleable project the market will only give a relatively nominal value to them in the market cap. Unknowns and uncertainty are never the market caps friends
You know what they say....look....a few know...2.5 fair value...for now.
Were we due interims today?
Because we have distressed seller I guess, such as Logiman. Probably a bit of panic selling too in the equation. MMs dropping the price to match sell order with a buyer. Basically not enough buyers / awareness of how cheap this share is right now! People need to check the recent news-flow, and current calculations of the existing production setup.
Miners are reporting strong balance sheets due to commodity price increases. WTI are also increasing production with new asset purchases and the SP is tanking ?!?!? AIM is just so unpredictable.
Unreal bargain prices now
The selling is just relentless. It just goes to show that you should never invest too much into AIM stocks. There are so many uncontrollable factors that can wreck a companies value. Time to look away, strong and long, we have no choice !!
Noticed that too! Excellent
it was down all day now gone up
I saw it, but it uses the word 'exceed', even at 17,000 tonnes per annum i think it's a very good figure, especially based on copper prices being 7000 a tonne, and C1 costs being around 4500. Even if total production was 16,000 tonnes, that still equates to a margin of $40m. Calculation for 15,000 tonnes isn't too shabby either!
While the strong December quarter demonstrates the capacity of the Tschudi SXEW plant to operate at well above nameplate levels when leaching rates provide sufficient copper into solution, full year production is not expected to exceed nameplate. The only reason I ask is cos no one seems to have mention it. Also can anyone remind me do some of the hedged contracts expire in April? Cheers.
Mrcalm. Are you still holding?
Goes positive. $7,150 futures