The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Intetesting request, so where should I send true investors? Sorry never got to say hi at the AGM.
Just been looking at that original link from NG, and see within XTR 'emotional cycle', a position similar to, but actually far better position than March, April 2020.
Needs to tell is how much is in bank now really, should have asked I guess.
Need to look back at original agreement with MMP, must say I thought it was only for 230k Oz via open pit?
Colin said he did not plan any further drilling at BR, it would need to spent 8m for 15000m to find the 2MT, not want to waste time, further oprimisation by my recollection would be by looking at altwrnative sorting methods?
We can look forward to 2nd qtr results within next couple of weeks.
He certainly looks to be looking at low cost entry projects in Zambia, probably 2 from my reckoning, saying should be gradual cost entry, within income.
Rainy season was mentioned, though it will not stop things suggestion was we could see as low as 300k in some months but generally 5-6M per year. Plus other income from satellite ops, already in process, Alluvials all but done.
There will be more drilling in Zambia, to define pit and plant requirements, agaim costs should be workable within income.
Back to BR, There was optomism that the pre sorting will be enough to make economics work, and of copper geys sustainably above 10K /Ton it will be extremely profitable, no further drilling required, patience required, I figure 100-200m target price for sale, by fact many are at 4-5p as an average, not blue sky, (>10×) which he seems to think will materialise, from Zambia.....
hmm.... on train cannot believe the *******s being spouted here reading through it.
bushranger, a dissappointment, but very much active, will be mid sept for the new conceptual pit, we could drill 15k more meyers at cost 8m, tp prove up the 2mt, but no point. will go to aa some time but don't think they will want it, better if wwll under 2mt, for that, offered var scenarios, nb nb aa are already up for a royalty, regardless.
fairbride, 400-600k month income, basis $800-900 oz production cost, 3-4 years, guy at back was the guy on ground in africa, and it will be mid next year looking at the new plant design etc that will give access to working all the remaining 1 1 m oz at fairbride, will try funding half the 8m out of income 18 m down line, was gist i got
Not got the cash to try, not just yet...
Can get quote to sell 1m shares today, not seen that for a while
I for one am looking forward to meeting Colin again, always good to meet him at a personal level, discussing progress all round, could not attend last year as was working, I wonder how many will attend this year?
FYI on HL it is now possible to register your attendance using an online portal from their website.
Interesting it says the technology can reduce cost of processing from $10/ton to as low as $1/t.
Correct me if wrong, but I understood Colin sto say that the sorting in higher grade material is seen to increase the ore to over 1%, while anything under .3 % would be processed with lower grade bulk material, further samples of which they are now assessing?
However, 2013 was 10 years ago, so from where we are now, we probably have a tad more chance to multiply going forward than gold, surprised you did not mention BTC, that did a lot better than gold. 💰
Bzt on 28th
My understanding was plan was for us to buy the new plant, (counted a chicken before it hatched) to increase the 23% share to 50%(?), or something like that. So if 50/50 would expect 30% plus, but as ever we won't truly know mechanics till all is finally outlibed via RNS.
A sell off, based, on what? There are obviously a few disgruntled LTH on this board, maybe they should sell up and go elsewhere, not saying I am thrilled with where we find the SP, look at what the expendature was for 2022, see what will be repeated this year, and consider probability that we really are generating income of close to half the current MCap going forward. I tend to agree with HZ and will be adding at these levels as funds permit. History is history, cash flow from Manica is finally flowing...
Truly hope AGM can be this month...
NG, think that was plan, using money from BR sale....
NB, the below musing, is based on Colins statement, where he says:
"At this stage we have minimal intention to continue the Eureka Project and the Company has therefore impaired all costs relating to the project."
LW 13:25 Ref Dani.
My thoughts ref Eureka, all would be gushing, had we the money in bank from sale of BR, but as we don't, (yet), better an imparment for 2022, to set against taxes, than raise un-necessarily, considering cash levels declared.
I note this remark too, as it could very well be applied to Eureka, once BR and it's 1.3 MT CUEQ, is finally sold?
"Where an impairment loss subsequently reverses, the carrying amount of the asset (cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately, unless the relevant asset is carried at a revalue amount, in which case the reversal of the impairment loss is treated as a revaluation increase.".
ie, Eureka need not necessarily be dead and buried, it is for now, at least impared, might be useful in shorter term to set against group taxes for 2023?
Kakura on the other hand appears self sustaining, or within projected Fairbride income going forward, which April to Oct (at least) will be based on our share of operating profits from 65kg, or more of production.
Just my musings, I may be completely wrong?