Member Info for BushyTailed

Lol I see the stamp duty issue keeps catching the new lambs out....

Not all AIM is SDRT exempt, the company must apply for exemption but for some reason SRB never did.

The buy side of that hedge then becomes a creditor which causes even more problems. It's like a death spiral of dog 541t sandwiches and hot 5punk milkshakes

It's hits like a double whammy, not only is your cash down because you produced less but you then have to buy the missed ounces on top of your operational loss. It's absolutely devastating when a company is on the wrong end of a missed delivery with a hedge.

Anon, if the price of gold rises above that hedge and you don't meet production then you have to carry the loss per ounce on the open market.

The larger the proportion of production that is hedged the larger your risk.

Hedges are derivatives are contracts of delivery... You have to deliver on them on time at the prices agreed. Now imagine a company with no cash that has hedged let's say 60% of it's production profile and the mining contractors go on strike. Where would said company get the gold from to fulfill that contract?

I've never been a fan of hedges Anon. All they do is add costs and risks. Buy side taking physical delivery always win, they know the market better than anyone and already have it sold before it lands. The seller books the costs, the opportunity cost and financial risk if production goes wobbly.

2350 is obviously much better but could also be a good indication that gold will move higher still over the next 12 months. All we need is some grade on the ROM pad. Currently 2 grams but only 25k tonnes of the stuff thus far, so they do need to get cracking with moving the ore now as the plant processes 23k tonnes a week but if they can maintain that 2g run rate as a floor then all we need to do is look at Yani for a read through with it's 1.6 grams

We're in danger of this actually coming together now imo

Watch the presentation again... The previous hedge was cancelled probably at small cost and replaced with a new contract and collar for 60k over 4 quarters starting from Q2 at a 2350 ceiling.

So all production is currently fully exposed to full pog.

That was my understanding Rus

See you later Harchris..Wrong again it seems, better luck next time 🤡🤡

Woosh!!!!

Fill in the typos yourself

Chris... There is no one quite as odd as someone who posts the amount of absolute garbage as what you do and can't even read I'll use a calculator to establish the output using grade profile

You've literally been told by the company that the processing plan is operating at 110% capacity and no yesterday they have confirmed to you that the grade they're no processing is 2 grams Per tonne.

Are you really saying that after last week you was defending 2 billion valuation for SRB based on guidance for a production profile that isn't even funded and not even guided for until atleast 2026?🤡🤡🤡🤡

He doesn't understand much... Just go and look at his posting elsewhere, clueless beyond parody.

The amount he cried last week because I said SRB would test 55p was unreal.

Harchris .. if it was my only investment I might be a little worried and not have any grounds to call you out.

Well done on SRB though but pretty sure you was ramping it at 90p before it went down to 20p.. Good shout on BMN too, that's only a 99% loss over there to name but a few

Harchris, you seem to be on the wrong side of everything you follow and disastrously so too. Are you not bored yet but being wrong all the time?

Chicken feed

A lot more than 1 million shares... He took 1 million dollars worth at an average 11.25p comes out at circa 6.5 million shares

Not just down, but massively down

Depends what is says but I think everyone has been conditioned to expect the worst with a sprinkle of Jam. On the other hand though, if the post period comments advise of commercial production then we'll be off to the races

*half a billion

Damn auto correct