Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Can someone please remind me when the vote is?
That petition gets bandied around every time some sad sap paid to much for their shares.
Short selling is healthy, it'll never get banned.
Cmon FRES keep this up, breakout on now
Second attempt now, come on FRES
Pivotal price, kissing the 100 day moving average with both 20 and 50 day averages turning upwards too.
Lol I think I replied to that at the time and said that he was trying collect pennies from under of a steam roller. 🤣🤣
I suspect you're the only person who hasn't filtered him
Wait until the takeover falls out of bed, that's when this will go. If the takeover goes through, you get your money back.
As close to risk free as buying T bills.
Make sure you're on the right board Guvvi, this the link and just go from Friday, there's quite a few posts, too many to copy amd paste here.
https://uk.advfn.com/cmn/fbb/thread.php3?id=43017016
Check out the ADVFN thread from Friday Guvvi, it's all on there
An RNS is not required until full mining capacity resumes and or Corica situation resolved one way or another.
Go on the ADVFN board and check it out, all the links are there, the first post from the new contractor was on Friday.
I don't see how any of this affects Yan tbh as both Yanfolila and Kor are sperate JV entities.
Looks increasingly likely that Corica have gone .. according to linked in a company called Zimalco has partnered with HUM at Kor for mining services.
Apparently it's a three year contract so unlikely just to be a stop gap until other contractors return. This is according to the other board and linkedin.
Pen oles on a rip today
Happy Easter everyone.
EOY cash at hand 6 million
Gold on hand 3.5k ounces or 7.7m at 2200
Cash received from raise 23 m
Yan Q1 18.5k AISC 1500 & 2K gold = 9.2m (FCF 11.2)
Dugbe Placing (2m)
Sub total 45.9m
Kor Q1 5k gold at 2200 (23m)
Corica full claim quantum (27m)
Q1 Debt Schedule (19.25m)
Sub total (69.25m) (19.1m)
Personally I think the most likely result is a bilateral compromise and Corica returning to work, possibly with Corica earning a royalty out of it. Worth noting that despite the war of words, neither party has yet to terminate the agreement. I think Corica will be more than aware that the commercial viability of the project is now in there hands. Is it worth 5% to get them back into work and earn a share of future earnings?
Getting harder and harder to buy.
Couldn't get a quote again so had to stick it on as a limit order.
If I'm not mistaken, HZM haver produced anything but borrowed and borrowed to fund drilling and pie in the sky DFS's.
Kor is still producing... I'm expecting 18,5k out of Yan and 5k out Kor for Q1
Also circa 3.5k ounces sat in inventory at YE produced at much much less than the 2150 collar cap.
In short I think you have held the risk here and sold out just at the point of deleveraging, just to buy the same build and capital risk at SRB.
I could be wrong of course, it's all just my humble opinion
If gold price is all that matters to you as investor then avoid gold producers Jammin and buy leveraged physical metal ETFs.
If on the other hand leveraged returns of cash are more important then you need to be looking at producers who are expected to have elevated rates of ROCE whilst ignoring debt where DCF outstrips liability.
My thoughts are that you have jumped out of the frying pan and into the fire... HUM a few weeks away from a monstrous rerate with Kor resolved and gold at 2200 puts HUM at circa 50p on a DCF based valuation.
SRB on the other hand are where HUM was relative to number of projects and ambitions more 2 years ago and with a significant funding gap over current MCAP.
Personally I think anything over 40p for SRB is expensive until they fill the gap. Plenty of people have 5h1t themselves over the volatility here, you're certainly not on your own