The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Months and months of deramping, but can see 10p next year. You couldn't make it up.
Lottie - Thanks for the EGM notes.
I am interested in a ball park 'when' the revolving debt facility will be put in place? Its as vital as a contract. Did they give any nod to when 'soon' is?
Also, when you say there are no further major capital projects - I take that to mean there are no further big spend projects that would increase HARL cash burn, but can I double check I understood it right?
'Export credit guarantees'? That's gone a bit over my head.
Was there any mention of ensuring no further placings? - tricky one to promise, but the credit facility would increase confidence on this subject so did they say any words linking the two? Did you get the impression they understand what the 3 placings have done? Its not that they happened, but that management want to create a future for shareholders that is key now.
Do you think its likely HARL could ever receive government funding (beyond contracts) to help make the shipbuilding financially sustainable? That's a wildcard question, I just find it odd that HARL are meant to carry the can on this subject while they wait for contracts when its something the UK gov apparently wants.
Blair Peach - 'Interesting that none of the happy-clappers has seen fit to counter my JW highlights reel..'
What's the point in people answering you, you would just come back with a jibe.
Plenty of news here to come, along with updates on progress points. Share price has zipped along since IPO, now sitting at 350% of the original IPO price of 10p. Progress towards production was clear and the date to start production was hit, spot on. More updates to come and 40,000 reasons to stay invested for the upside. This is a company that will be making clear profit in the New Year, month in, month out, with few overheads and plenty of options to scale without capital expense. DYOR.
It came from an interview, I remembered. The wash plant is very simple to set up and Adam said capacity is huge, so once its up and running, they will not have a backlog for that first 40,000 tons, they will have spare capacity to scale up.
wash plant news I meant. Autocorrect.
There's still catalysts to move this back up to 40s. Wash news as Penstock mentions, update on production so far, possible acquisition.
Its nice progress to hear, what I meant was, is the information on their website - I realise photos might follow next week.
Is that on their website Penstock?
I should have finished that message. The flip side for BEN is that Adam has mentioned that any expansion of resource through acquisition will be royalty based (owner receives a royalty of production rather than a capital payment).
I jumped back in here after selling earlier. I looked at both CGO and BEN and I know CGO has potential but some of the longer term holders are concerned about placings its seems, so at the moment BEN is my only coking coal stock.
6 reports and gone.
Mackem, I've been invested for several months and actually John has had 4 aliases so far. He continually says 'If I were a new investor, I'd wait for an RNS' then, when an RNS arrives, he will post the next day and say 'If I were a new investor, I'd wait for an RNS.'
So there's an agenda beyond just thinking about what progress the company are making. Anyway, that's enough from me.
RPDard - Mackem is either John or works with him in their boiler room jobs. He basically wants to fleece the value out of the share price and put off new investors. That's why he's here with his sandwich of 'hm, could be good, but mostly it'll be bad' every day. There is no other agenda to be had posting here endlessly as he does.
You won't get a sensible answer out of him about what he's here for because of course he knows perfectly well what he's about and he's very unlikely to say 'actually yes, I'm shorting the sh*t out of this and I enjoy scaring investors every day'.
OB - Apologies all for the hijack, as OB says anyone with a heart will tolerate a reply on this and then perhaps someone here can post something in relation to the equally important work VAL are doing and transition back the chat.
I do not work in social services OB but I have also written to my MP before I saw your post. No world or system will ever be perfect, but I hope that some good comes out of this for future children who need that intervention.
OldBaldy, I know this is not the place for this but Arthur's story has had me weeping for days. If our country's safeguarding protocols included a mandatory, surprise doctor's examination for any child where social services received concerns by more than one adult, then it seems to me Arthur would be alive and living with a relative who cared.
GPLAT took shares, not once but twice, as payment in relation to the acquisition of Kilimapesa.
AG1989, I like your post, it reflects some good information from the presentation. I also heard Jason say that the purchases would be using locked in shares so that the acquisitions would add value to the company and shareholders.
-Acquisition costs of $3.50 to less than $7.50/ per resource ounce is well below average valuation of US$50/oz for exploration projects
-Increase to existing group wide JORC resources in rapid steps through acquisition to 1mozs, to 1.5mozs to over 2moz within 3-6 months
-investment in reoptimising existing operations, updating development studies and commencing new conventional open pit and underground mines producing 50,000 ozs per annum
Gold Target 1:
- development studies
-Targeting 50,000 oz per annum
-1mozs Resource
Gold Target 2:
-Advanced exploration
-Along strike from Gold target 1
-Existing Resources
Agreement to acquire 100% of companies in control of these assets.
I think its fair to say they are working as hard as they can on the things they can control and where we have seen delays, that's where some things are outside of their control (legals, paperwork).
The fact the drilling is ahead of schedule and the rigs are owned with a local team being employed says a lot about their determination to get things right.
Good luck everyone. Happy with that presentation, will listen again later.
Stokey - hilarious. I was typing whilst fielding a question from a child, so you're right, my accuracy was lacking, but you get the point.
Surely there'd be some debate at PMQs before H&W was allowed to fail. There's a fair amount of MP interest in this company, with all the various local potential. I'd say a few of the posters have a short on and will probably say anything til they close it.