Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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J🫦z shush
between you me and bedpost
if you fall through the mattress
I'll catch ya in the spring 🌱🌼
I am not sure if any news at the moment is market sensitive, at most you get a pop for a day or 2. - at least in the shares I own. But Colin has been tweeting or X'ing about Zambia so he is still around.
>CEO’s go to radio silence when they don’t need your money anymore
Make it sound like a negative! That’s really not a bad thing right?
But in reality, just cannot see where any sustainable share price increase will come from through the promotion of Manica at present. Particularly leading up to the festive period on top of the lack of overall sector sentiment. They have clearly gone into care and maintenance until buying returns.
Until then what’s the point of wasting any half decent news to see any rise immediately fall back again, which would happen without a stream of news to sustain and build on?
As long as it’s not the suggestion they are going to return to deconstruct another one of their own jokes 🤷
Bless you da 😉
Are you suggesting bad news will be released Christmas Eve when the markets are quiet./closed.
Need to learn discipline.
No more posting here til Christmas eve.
No j,🫦z
Getya grammar in check. NTM loves those who write all Prim n proper
cos the
para ceet em ol
Because the Parrots eat em all.
J🫦z
why are there no drugs in the jungle❓
So Empress spills the beans every 3 months. Investors can work it out for themselves on progress / revenue.
But commander & Chief could give a toss. CEO’s go to radio silence when they don’t need your money anymore. Stupid is as Stupid does he could have even more money for little equity.
Andrew4444
I would settle for promising & delivering !!
Maybe CB has finally "learnt his lesson" and is now going for his new approach of under promising and over delivering !
He's either ill, incompetent or something's brewing (in a good or bad way).
Gold up 17% year on year, XTR down 45 % in the same period despite a huge uplift in profits and very little cash burn
Delivering shareholder value should be easy.
Bird could do a lot for the SP now just by broadcasting how much money we are raking in every month.
Why isn't he ?
Meant …should be seeing…
Was only just up to supposed nameplate capacity by June so should see a further increase again in Q3 showing consistent max throughput throughout that next reported quarter. Did see an increase in head grade in Q2. So with the exception of any of that further anticipated increase from Q3, gains will naturally come at a smaller rate now that will be performance related through general operating and mill efficiency to improving recovery rates further. Naturally an improving gold price will help considerably too.
If so thats 11% increase in pre tax profit
Btw
POG futures circa $2050 Jan so maybe another $100k extra profit coming soon???
Thanks for that Andy. Good info.
So assuming:
$1000 AISC (it may be just below $1K as CB said they are working towards sub $1K AISC in Q2)
$1950 POG
= $950 profit
6541 oz x $950profit = $6213950 x our 0.23% = $1.429M = £1.13M pre tax profit = £375K a month pre tax profit.
My previous estimates have always been between £300k and £400k a month pre tax profit so £375K looks realistic
Dec Jan and Feb months will probably be 75% of the other 9 months as they are the rainy months
So that works out at approx £4.2M pre tax profit a year
Surely whenever that is officially declared the sp will start to reflect this profit?
Not many small caps around that are profit making at that level with a market cap of £9M !!
Even before bushranger, our market cap was higher at times, even when we were loss making at group level :)
CB start to redeem yourself and get promoting this news !!
So Empress have just released their financials and management discussion for Q3 which as usual contains Manica segement results.
https://empressroyalty.com/investor/financials/
In Q3 Empress earnt $430,477 from their 3.375% royalty. Q2 it was broadly same at $441,081
So gross gold value was $12.754 million applying the royalty.
Q3 gold spot average was about $1950 so I'll use that as the realised sale value per oz.
So that means Q3 production was 6541 oz broadly similar to Q2 as reported by XTR of 6450 oz see RNS from 23 Oct.
Clearly this estimate of production is influened by assumed gold price per oz.
I had hoped to see a higher production level in Q3 as the same RNS from XTR states July monthly production at 82.9kg (2665 Troy oz)
"Money" Pink Floyd
Money
Get away
You get a good job with more pay and you're okay
Money
It's a gas
Grab that cash with both hands and make a stash
New car, caviar, four star, daydream
Think I'll buy me a football team
Money
Get back
I'm alright, Jack, keep your hands off of my stack
Money
It's a hit
Don't give me that do goody good bullsh*t
Thanks everyone, reasons to be cheerfull and very patient then. I do wonder how Mr Terrys explained all this to his followers though.
Agree A444, I wonder if Peter Hall too, has not sold any since late ‘21 when he held just under the TR1 threshold.
Alex Terry holdings have increased at every update and is not unchanged from last update 1 June
He added more after sp went down to 2p and has not sold any.
As a large holder, probably link to some institution, I would think he has better comms with CB than we do.
Its encouraging that he has not offloaded any.
Mr Alex Terry held 56m shares or 6.6% as at June 23, hopefully he knows something we don't
Can anyone remember which investment fund was holding 50/60 million shares. I bet CB has already told them the profit figure . He won't be able tomake them wait untill next year.