Member Info for bangrak

Remember you were told

I just focus on my numbers, 85% of the time the SP always follows; many brokers are now upgrading 2025 gold base to over $3k, which means quite impressive eps upgrades due here soon, from memory, I think the consensus coverage here is on $2.8k. I'm using a 125d average to capture the quarter, indicating this is currently on a 37p eps, so that's a bit too cheap to me. If you don't rely on analyst coverage, the numbers on ALTN are also very interesting.

2025 Consensus 6 brokers eps at todays rate is 30p, own numbers using CU $4.75, 50kt aisc $3.26 is 29p. Priced right it seems for now.

My numbers, which I trust, tell me it's not worth much more than 345p now, if anyone at the company wants to suggest it's worth 100% more within 12 months, then act on that by buying a six-figure sum. In 2026, it might be worth more than this if it achieves what it is trying to do, but the last few years have not exactly produced encouraging results that make you want to invest.

I disagree but i welcomed the opportunity a few days ago to get back in meaningfully

30.6.24 cash $12m

30.9.24 cash $20m.

Cash increased $8m in 3m when gold was $2.2k to $2.6k.

Maybe look at the AISC reported and the effect the higher price now has on cash flow, I think you're looking backwards.

This is the first positive sign i have seen for Rh since May 22. The 200d ema was broken at 4715, placing Rh back on the watch list. Just because this has risen above its don't touch point, it doesn't make SLP more appealing, as the numbers still don't suggest a very good FY average or a value much more than 50-60p. To get back in here would require a significantly higher RH price, smaller gold miners still offering 60-100% on the new higher gold level despite rises.

Someone who made 100% and had way too many maybe?

And when someone said why isn't anyone buying 59 days ago, I said i was and listed reasons. Another 100% gain today, another so half goes. It's easy when you just stick to the numbers.

I think it's clear to see that they are struggling to boost production, but the cash build is good. It's a pump and dump with an 17% shareholder (Askar) who seems to have bought 16.8% @ 18.5p but not sold a single share (lol). Milk it for what it's worth it's a good trade 20p to 26p range, I'm sure he's doing well playing this too. Hitting the 6-7k, and it's 35p on a spike. I would double up at 18.5p im in for a few again, not my thing these swingers but its fun.

"FY 2025 @ 52k oz gold production is likely to deliver close to £60m of profit after tax."

KS, this looks very high to me i would say £25-27m im saying its worth 330-360 to start. More likely to be sticky investors in this one now as word travels amongst the sticky.

My sheet tells me it will net $28m with the Chrome; cash is 23p, so i'd give it 60p, which is cash plus 5. For the first time in several years, the brokers have the same $28m as me and not some overinflated figure based on an unobtainable Rh price. I'm not sure there is enough here to create significant interest from sticky investors like there has been in things like SRB PAF and several other gold miners with clear 100% gains available/banked. Pumps and dumps are more likely in ranges. Odd isnt it when 60p was mentioned months ago, now it's trying to push up to 60p. Best month ever in January just sticking to the real numbers is all you have to do.

Someone decided not to state its net cash position in the update but to state that it has net cash. The brokers anticipate $30m net cash from $15m net debt. This is the kind of figure I would expect to see; the numbers do the promo, not pr/broker speak.

If this business has not accumulated a sufficient level of cash on the c 85k $2400 $900 figures with the anticipated cap ex spend as detailed in the outlook last year, then where has it gone?

It's regulated news people need these numbers, not via presentations or brokers. It could be very interesting but that's a red flag for me until cleared up.

HC If it has net cash of $30m from net debt of $15m 1 year ago (more like i expected), then say this in the RNS, the fact they haven't and mentioned no number makes me question it more bullish businesses brokers & CEOs tend to do this. They want investors to buy the shares then tell us the net cash.

Debt is different to net debt.

RNS 29th April giving FY results states NET debt was $15.9m, so my first post is correct, 1 year on they are claiming it now has a net cash position but haven't said how much. This suggests it is not much net cash so i have questions.

85k oz, aisc $1k, reduced from net debt $15.9m to "has net cash" in 1 year...............why not state the net cash? actually, it leaves me wondering why the debt is only down $15m. I appreciate its drilling, but where is the cash going?

Make your own decision based on what has been communicated officially. Figures should demonstrate what the growth is.

30 Sep cash $16.5m prod 5500

1Nov $19.1m

1 Jan $19.1m 5175 peak 4899 ave

Cash up $2.6m or $860k pm but flat the last 2 months.

Production down 300-600

CG has pointed out that forecasting production for 2025 will be very difficult. I remember reading the notes a year or so ago that said by now, AXL should have more cash in the bank than the cap, and I think that was $45m.

For me, it's reasonably attractive at 18-21p but not at 26-32p. I need to see better progress on the cash and production; recent figures don't excite me.

I am and for this reason...

$2650 Gold with 37k production gives me a net of £16.7m or eps of 61p, placing this on a PE of 3.29. This PE moves to 1.25 on today's SP with 100koz. I would remember this and stick to the numbers the SP will follow. I get some wrong but not many.

Largest holding & 103% in 147 trading days for me so half goes, and the rest is held until 150p+ rules are rules,

Net production this year is on track for 3666, brokers have 3683. Revenue $73m net income $17.8. Placing this on a pe of about 4.5. At this rate by the end of 2025, it will be producing 7900 using the last 3 quarters growth broker had eoy 7k. Brokers have 2025 ave as 6476 which i make net at current prices $27m, so the target of no more than 30p stands with less cash free.

It's not expensive but it's also not exciting anymore spending all of its cash and then what seems like all of its free cash in 2025 on lots of wells.

"Also, they made net income of $6.7m for the latest qtr at an average of 4k bopd"

They also said they sold a lot of oil in that quarter, and it was unusually high so don't use the $6m as being from 4k bopd.