Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
Apologies, I forgot the link;
https://www.ft.com/content/1214fcd9-8614-437c-9b5c-93f790cbaca0
They haven't told you this, as far as I'm aware;
"One broker attributed the profit warning to the mandate from African central banks that firms in West Africa should transact with local banks, and not with intermediaries such as CAB Payments."
I sincerely hope this does bounce for you, but as it stands I'm glad I pulled out after the 20% loss on the smallish punt I took.
Good luck.
Which makes sense, because as interest rates rise, so that nice divi looks a little less attractive.
Personally, while I don't see rates going back zero, I don't really see them rising much more either. Indeed, I think the world is in recession now, albeit numbers are being played with, imo.
Hence rates will start to fall and that divi beccomes more enticing.
So while it's guesswork on my part, I reckon we're maybe 3-4 months from the bottom and this should start to rise again.
I'm pretty comfortable with my investment here, even though I have a 232 average.
Our Shanta? F off mate.
Some of your points are valid, but if SHG is so good why is the SP still as rubbish as it is here?
Nobody has said 200000 times 2000 is guaranteed and we all hope they do it, but we know it's ambitious.
I'll repeat. F off.
and stick to the SHG board if you can't help being so agressive.
On here at times.
You know things are bleak when all you see is b*tching and in-fighting.
FFS, shut up, some of you. If you have nothing to say, why bother at all?
Come on board, get this bloody deal done so we don't have to read this rubbish any more!
I don't profess to know much about mines, but I do know engineering and big projects.
To have ramp up problems is par for the course, but there are in my experience, nice gentle targets that can be fairly easily met whilst making allowances for any serious issues.
In fairness, we have hit nameplate and had it running 24/7 on some days and you'd expect this to improve fairly rapidly, say a few weeks. I have no reason to disbilieve what Betts has said.
But I do however, have a big issue with him constantly not meeting the targets he's putting out. Now that is poor management in my book.
Those UK numbers you posted earlier were bleak mate.
It seems to me we're in a worldwide recession and they're just trying to talk everything up.
What about China's 100 Billion investment?
At least they're spending it on infrastructure though.
I read elsewhere that China and the US are predicted to have as much debt as the rest of the worlds economy.
Bad stuff, but has to be good for POG, you'd think.
Then again, what's that saying?
Revenue is vanity, profit is sanity.
I've never really took much notice of revenue here. When we're at near record high levels for gold, it's all about making what you're getting out, pay.
And that's the part that puts people off investing here, I reckon.
I thought they were looking to flog Dugbe off?
I was just looking at this;
"The final feasibility results on Dugbe demonstrate 2.76Moz in Reserves and strong economics such as a 3.5-year capex payback period once in production, and a 14-year life of mine at a low AISC profile."
What am I missing here? They can't be talking an average of nearly 200,000 ozs a year, can they?
It's not even remotely fantasy.
Do the sums. Assuming they're aiming at 100,000 ozs from Yan and similar from Kou = 200,000 ozs x say $2000 for gold
= a big fat $400 million means just 4 years revenue is over $1.5 billion.
Eye-watering numbers. All HUM needs to do is make it pay and you can easily see the value proposition here.
Yep and conversely a fair movement down would cripple this company. We already know they have a propensity to make no profit even though the price is high.
Hence it's both things, imo.
We could do with pog rising and good productivity. That's what will have the sp booming, imo.
And that's why it's been marked down today. There's a clear risk involved, but I'm reasonably confident.
I'm actually pretty sanguine about all this, but Betts never fails to disappoint, does he?
I'm reminded of how some thought he looked arrogant during that interview. Personally, I'm wondering how he had the neck to even do it.
The wait continues.
It hasn't been delayed by 12 months.
FY-2024 means the financial year starting January 1st. Otherwise, how can this be right;
"The Company's revised deleveraging schedule to begin in FY-2024, versus Q3-2023, with c.US$77 million due in FY-2024"
So it's been put back for a short while.
Or at least that's how I see it?
Either way, it's all about the debt, isn't it?
I don't think the market will be turning cartwheels, but I found it not too bad.
"our plant has exceeded expectations, regularly meeting nameplate capacity in Q3-2023"
is countered by;
"Mining volumes at Kouroussa have encountered challenges during ramp-up"
I don't think anyone expected much, that wording isn't great, imo. It makes it sound worse than it probably is.
"average realised price of US$1,918 per oz (Q3-2022: 16,917 oz sold at US$ 1,713 per oz" is much more encouraging.
Not bad, but not particularly good either, imo.