Member Info for chlsoil

Endeavour Mining is down 10.4%; a £8 bn cap gold miner.

Fresnillo is down 16%, a £17.7bn silver miner

Based up 2nd half production 28,000 ounces and average sale prices of $3,550, I estimated post tax profits of £45 million.

So the prospective P/E is only 5.

Deducting 1st quarter data from 1st half data gives 2nd quarter data:

Gold poured 16,906 oz

Gold sold: 13,652 oz

Average price: $3,274

This means 2025 production should exceed 60,000 oz!

Revenue: $44.7m

This week buying idea in Investors Chronicle

https://www.investorschronicle.co.uk/content/f740cea2-d37f-4178-858b-5fe040d5e05f

I would reject PHP's bid as well.

No material premium to NAV. I am going to vote no.

Hopefully all private investors will vote against the Scheme!