Jammin.
150 million is not at 12%
Only 20 million is at 12% and that's also deferred for 2 years.
Impossible to call what are buy and sells after that kind of move imo.
Spread has finally tightened though
Yup tango... Inverse pump and dump.
Company has enough cash at hand to make first debt repayments and gold at this price ensure Yanni production alone can meet out the debt.
A long way from death spiral book build and warrants eh Billy? 🤣🤣
Funding isn't needed now... The problem in that update is a lack of information rather than the news it's self.
Corica being ordered to returned to work, so looks like they're not even turning up for some reason.
It will take around a month to replace the fleets, with one non corcia fleet on site, they can at least continue with blasting, just at much slower rate than expected.
I did say there was staffing problems and commercial production would be pushed back.
At Least at these prices plus cash at hand and Yani, should be able to afford the debt, if Coris can be kind enough to add another 12 months to the schedule.
"The Bank of Mexico unanimously decided to maintain its record-high benchmark policy rate at 11.25% during its January 2024 meeting, in line with expectations. This decision marked the seventh consecutive session of a pause, following 15 interest rate hikes since June 2021."
The problem FRES has tornado is the yield, who wants mining risk for a 1% return when you can get 4% risk free on 2 year notes?
It however at a tipping point imo, higher metal prices translate to higher distributions of income which should be increase in like with higher metal prices which inturn become more interesting for income investors as rates begin to fall.
For me at least this is a pivot trade we should see leveraged capital returns as soon as the fed and MCB start to pivot, perversely though FRES needs the MCB to pivot first.
There seems to be a high turnover too, for everyone on linked in posting about being their 12 months there's at least 3 more reposting their CV's.
Are they hiring and firing to burn through the unskilled locals?? Would explain a little why they're now only advertising for key roles.
To me at least it looks like they folded to much against the protesters about local hires imo.
There's clearly a local skill shortage
Stab at 107
Hands up, who regrets buying this piece of 5h17
Https://www.linkedin.com/posts/vafing-camara-1bab90104_un-1-ing%C3%A9nieur-de-la-planification-miniere-activity-7172913532475293696-3mAn?utm_source=share&utm_medium=member_android
I've got a feeling commercial production is going to get pushed back to Q2
They're like broken clocks all these perma gold columnists.
"This time next year rodders"
28p won't be a bad price as when the company gets deleveraged.
Simply Wall street has it up-to-date...DB's on about 1.2m
The problem we have is that Kor has been hit by so many delays, it now looks like a salting exercise to transfer the group assets to the creditor. At these prices however Yani should be able to cover a restructured debt schedule on it's own.
Cmon Dan show us the gold
Wagner group or Fujitsu?
Q1 almost out of the way
Having looked at both your profiles posting history, there seems to be an uncanny correlation of using paragraph breaks for each sentence. Now I'm not saying that correlation equals causation but when someone says "talk in the city" they're 99 times out of 100 talking absolute bowl locks
Resistance the last time around