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Where would the price be if the last 3 RNS had come in reverse order.
We were at about 36p before it all kicked off.
So announce the Brazil RNS - I think we see 40p+, with bond conversions.
Then announce Gina RNS - viewed as a positive as a huge investor gives us the thumbs up.
Then announce the extra cash required/everything else all OK RNS, SP take a bit of a slide but not the crash we saw.
Think we end up high end 30's, all conjecture of course but I figure SP would be very different.
Thanks, I figured it would be something like that, but seems a little surprising that it would be consistent across the entire continent. Would have thought South Africa for example would be different.
From a previous presentation the company was targeting 2.5% market share by region:
1.3M South East Asia - Partially Done (0,75M)
2.8M China - Partially Done (2.5M)
1.5M North America - Done (1.55M)
0.5M Latin America - Done (0.55M)
0.1M Africa - Done (0.35M)
1.5M Brazil - Dome (2.5M)
so in the markets we've gotten a Torp we've got 8.2 out of 7.7 that was initially targeted.
Markets still being negotiated.
0.8M India - No Deal Yet
1.8M Europe - No Deal Yet
0.9M Rest of World - No Deal Yet
I know that we are targeting Europe, but has anyone heard of progress with India or other territories?
Africa had a very low target, do we know why Potassium fertilizers have so little use there?
Yeah, I'd not mess with someone trying to deliver beer, against my own interests.
https://www.yorkshirepost.co.uk/news/lawyer-threatened-to-slash-tyres-in-gridlock-bust-up-1-2468971
I'd not mess with Mr Robert H Foster of Skipton, a lawyer and serial railway letter writer to various papers. Was given a a 12 month community order for threatening to slash the tyres of a dray delivery lorry. Amazing what google throws up.
There is a number of articles around that mention the increasing prices of Potash, at the moment there is clearly a relationship between the 2 prices, Poly4 seems to be about two thirds the price of MOP. As MOP price increase so does Poly4, As Poly4 gains market confidence then that two thirds should also increase.
optionality
Noun
(plural optionalities)
(finance, business) The value of additional optional investment opportunities available only after having made an initial investment.
The short-term payoff for this is modest, but the optionality value is enormous.
Andy - my reading of that is that she gets royalties on any production per year upto 13mtpa, so if we produce 10 she gets royalties on 10, if we produce 20, she gets royalties on 13. You reading implies that once we hit 20 Mtpa she stops getting her cut.
Litre's... You'll struggle to get one of those old fashioned gallons these days.
As for 4 star petrol, well they stopped selling that old stuff in 2000.
So, in summary, about 3-4 litres of 95 to 98 Octane unleaded should do it.
I'd not take advice from Fireman if they retired 2-3 decades ago.
So easy about 100 people died during construction of the Hoover Dam.
Also looks pretty awesome from the air.
Our tunnel will look rubbish from the air.
Myo - think you forgot the 10% reduction in Production cost per tonne (at 10MPTA) equivalent to a 30 million dollar saving per year.
I'd prefer a nice steak, can Poly4 be fed to cattle?
Tony, Surely the ability to deliver on (revised) budget is now improved by the RNS. Risk has been passed to the contractors. That's a positive, admittedly offset by the increased costs, but a positive none the less.
The tunnel is being tug in 3 sections, so no need to transport spoil 24 miles, at most 8 and an average of 4..
I did my sums on the profitability of the mine and its about the same (slightly better) as previous calcs.
Slightly better due the lowing of the initial production costs.
Just to put our additional capital requirements into context, the mine at full production could be making 2.3 billion USD per year profit (before tax, debt repayments etc)
Yes, one of the positives in the RNS is the reduction in production costs.
However I think the reductions are only for the 10MTPA and not the 20MTPA which was less anyway.
But then again if we're achieving 20MTPA all this becomes irrelevant and we can all go back to looking at buying Learjets or Superyachts.
Great Post but I think most people are too worried about if's, but's and maybe's regarding the share price and raising the extra funds to be looking into things like facts that pertain to the actual building of the mine..
From the last Page...
Fertilizer prices were obtained from CRU and are based on average fertilizer prices for Brazil from 2014 to 2016: MOP
(US$302/t), POLY4 (US$200/t), SSP (Brazil Inland: US$229/t) and TSP (US$354/t).
I guess the 200USD would be the Sales price from customer to consumer as opposed to the SXX Sales price to whoever we sign the Torp with at about 2:45 on the 6th.
Problem with Kore is that their product is Potash, it's got to compete on price with everyone else.
SXX on the other hand is offering something new and with the exception of Boulby, unique.
If we can convince the market about this new product then SXX has essentially a monopoly with a premium product.
Kinda like when Apple bought out the iPhone.
Kore, while they can make money will operate in an existing market, kinda like launching a Nokia clone.
It's not really been dropping alot.
At the start of the year we were in the 22p to 25p range.
Then we moved up to the 27 to 30p range between March and April
May to mid July was in the 32p to 34p range.
And in the last 3-4 weeks we climbed steadily from 34p up to where we are now. Had a little rush of blood at the start of the week where we hit 39p but sentiment seems to be happy 37p to 38p now.
Slow (well not really) but steady climb this year..