The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
UT trade after close, not so much to fret about.
Technology is there, but outside factors make coastal work to risky, especially on larger ships, they have ferries in Finland, Captain ashore....
It also says 80% or can dilute down to 0.75% interest in the project, which to me suggests even if we sold all of it, we would eventually receive a 0.75% Royalty?
Or have I got that completely wrong?
At AGM, he did say they had hedged, buying Aud to complete phase 2, so not too concerned, as it would seem the cash for Africa has still to be used.
Also he mentioned they were looking at other low cost entries in small projects in Zambia.
Ie anything 0.15% or more would be mined, so average will be somewhat higher, with lesser stripping ratio overall, ie more processed.
Reason man, I think you miss the point, it is not saying average is 0.15% but point of economical recovery would be considered at 0.15% so more rock will be considered for processing, extraction of copper.
In the AA buy back agreement, there is talk of diluting to 0.75% interest, this I take to be a royalty agreement, that would give 0.75% of proceeds once the mine is up and running, that could add a nice income stream down the line, and presumably for whole project not just what is "proven"at point of sale, any thoughts?
I think this could answer the balance for getting "full market value"?
Often a dip on open Monday, granted bigger than usual, but the whole market is down, gripped by Omicron as it tries to spoil the party..
Going, going gone, into the land of green boxes.
I wonder if some bigger pockets are simply sitting on sideline, hoping that we do in fact need a raise, so they can load up easily, and relatively cheaply, rather than trying to accumulate on open market.
In the past Colin has bitten off hands, of those with offers as and when they were made, rather than asking market as such?
Of course that would leave room for the unscrupulous to, let's say, try to postpone any rise.
Though I am sure that could never be the case?
The time scale is a couple of weeks from initial offer if it goes to independent valuation, at least that was what was said at the AGM?
We should already be seeing progress from dots luck, boa esporanza and up to 5 mini Alluvial operations, September was the highest production month by 50% since start, hopefully unaudited Q4 results will be half decent, rainy season or not.
From what was said at AGM, it sounded like a Chinese version of Gold Rush, each alluvial operation basically a family group, competing with each other, signing off areas covered, and/or left untouched as they go.
They operate at site, no trucking required, meaning they are not so much affected by the rain.
At AGM he again talked about extension to 2024, and beyond being possible with comment if of course we are still the owners, he has also said on a couple of occasions that PFS/DFS is not a prerequisite to a sale.
Looking at L2 there is very strange pattern today, not got a clue what, if anything, it means?
I have
I seem to remember Jim saying it would need a crushing unit among other things that would need 3m in investment and he was not willing to put that sort of cash down, Kaengwa also written off in my mind. Gave impression there were many other ready to mine opportunities where investment would be far less.
At the agm he said blasting had started at Eureka
The difference being them having to raise the 330 million one way or another, that will require dilution, or JV, (also dilution), not to mention time scales for seeing return on the investment, no idea of their CIN status or the like but it would seem selling the asset must be a far faster and less dilutive way to realise shareholder value.
Regarding rainy season, the method used by the Chinese families is little effected by the rains as no trucking is involved. Colin indicated we will most probably continue ourselves once they have completed the areas they were allotted, and signed off as completed, re-covering much already done and also to do the areas they skipped.
Precisely, and the board know that, thus why I say their statement regarding projected income, and no forseen need to raise ant further cash will already have these matters factored in.