Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Again read things properly please January, you absolute 🤡
"Hourly"
Wow January...This is standout out demonstration of a continued inability to read things properly and reply in a measured and rational manner.
You need to get a job outside of the service sector and socialise with people more intellectually integrated into society.
Good habits rub off on others.
6 hours of support at 7.5 on the hourly with a bullish divergent RSI.
Fingers crossed, this a sign of a speedy or at least a big positive resolution.
For the record, I'll take lower and dilution for an owner operator status.
"As a point of law there is no such thing a penalty clause,"
Absolute rubbish... Non disclosure and non competing agreements are practically just penalty clauses to mitigate opportunity losses.
Found this about the main differences, benefits and risks of contractor versus owner mining
2 min read, worth a look.
https://tura.consulting/insight/perceived-advantages-disadvantages-between-owner-mining-vs-contract-mining
You guys need to check that link and scroll down his profile for employment history.
He was hired by Corica last year and has now left Corica and is employed directly by HUM in the same role.
This could be a big clue are HUM dumping Corica to become an owner operator at Kor?
Plant maintenance planner..
https://www.linkedin.com/posts/mamadou-diallo-b82781138_leaving-goal-challenge-activity-7174512303147470848-1aMp?utm_source=share&utm_medium=member_android
If it's going to be sorted, it'll be sorted tonight with Corica returning to work in the morning.
Certainly hope so Poker...Opex costs are through the roof
Corica, they won the Kor contract on the back of their performance at Yani. Where they continue to operate strongly, whilst also transitioning from open pit to UG
Probably an ineffective area manager. They've been brilliant at Yani but p155 poor at Kor
Who said anything about Q1... Stated cash and guidance is there for anyone to read. Why you don't bother reading things before mouthing off I have no idea.
Have you learned what a floating collar is yet, or are you just going to keep trying to ignore that you had your pants pulled down again? 🤣🤣
Bridge...
Stated cash and gold at the beginning of the year was 36 million. Yani on 500 AISC margin is Kicking off 42 million EBITDA.
TOTAL debt repayment schedule for 2024 is 77 million. So any reneg on debt for this current Banana skin would likely result in a decrease of that scheduled commitment rather than a requirement for more cash.
New hire starting today for the second phase of the tailings storage facility.
https://www.linkedin.com/feed/update/urn:li:activity:7175425699195822080?updateEntityUrn=urn%3Ali%3Afs_feedUpdate%3A%28V2%2Curn%3Ali%3Aactivity%3A7175425699195822080%29
The African play book
Promise
Fail to deliver
Ask for more money
Then Blackmail
Contracted mining rates have undeniably been missed, so what's next even if there is a quick resolution and a return to BAU. Will Corica just be a half ar53d unhappy partner, might just be best to cut them loose.
Have Corica been the ones with the recruitment issues then with HUM hitting them for a reneg of terms, re having to fill the roles themselves and in protest Corica have downed tools?
"Notice has been given to Corica to return to work by Tuesday 19 March 2024, failing which the Company will exercise its rights which could include, stepping in to resume mining, and working with alternative mining contractors and equipment suppliers to achieve full mining operations.
The Company is in discussion with its primary lender, Coris Bank International ("Coris"), regarding the potential implications of the situation on forecast production and the cash flows for the Group."
So by tomorrow, we find out if it's all BAU or what any cash impacts there are on taking over the fleet or taking on contractors.
"Potential" I think is the word January missed when he read the RNS more diligently than anyone else.
you can't post that people can't read an rns as you then go on state something that isn't in the rns.
calm your **** you lunatic
Lol Billy boy.
This is yet another example of your cluelessness, like we all saw with your comments about the hedge. Have you worked out what a floating collar is yet 🤣