The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Whatever the fault is, it'll take minimum of 6 weeks to rectify. That means a minimum of 20mln revenue lost, which in turn means that the Tyrus loan will be drawn in full, and that comes with 15% interest pa.
The desired net cash position will definitely be pushed back ,possibly into 2026. That brings the question can they operate the twice repaired in the last 12 months Montara for another 30 months uninterrupted to break even? It's a tough call, therefore I have sold today at 35% loss. Good luck to the genuine long shareholders, I hope they get rewarded for their patience here.
name.
Jam tomorrow.
Same old, same old...
Have they priced in the inflation?
9% EBITDA profit,10% inflation, and they've added 2months to the report, otherwise the SP would've tanked.
The good news here is that CF may have felt ashamed, and he wants not only to hide his face behind Mo, but to change thecompany
JS - why aren’t you buying shares?
- Jeremy shares the frustration around this, he remains an insider, guided by Nomads that he can’t buy shares. Personal broker has cash in JS’s account so when he gets the green light he will be going ahead.
He was asked the same question when the SP was 10p.
Do you believe that he's frustrated that he hasn't bought yet?
Probably that's the meaning of this capital light model.
Add to that the “choppy waters” comment...
It means that end of the road is not far away.
I hope that I'm wrong, but from my experience if a company misses a self-imposed deadline,followed by deafening silence, we are not going to like what comes next. I'm curious what that might be, because everything so far has been quite reasonable, apart from the fact that the 1000 ounces a month they've been talking about before Christmas has never been achieved.
The 50m revenue this year will likely result in another unprofitable year, because there will be an inevitable increase in running costs like bills, salaries, rents, consumables. If that happens, the golden chance of Hvivo and Venn of having at least one profitable year in their lifespan, will be gone for the foreseeable future. Really pity, because those type of pandemics are once in a century. I personally thought that CF has hit the jackpot with his purchase in 2020, but I didn't factor that nobody will let the minnows from Whitechapel/UK fiddle with the Covid19 golden eggs of the Big Pharma's. Well, lesson learned.
It seems that CF is not that shameless , what I thought he might be! After all it won't be him announcing another unprofitable year after making so much noise for being profitable in Q4 2020 and Q1 2021. LMAO
It seems to me that Mark O'Dea has been given a last chance of saving his remaining pennies before it goes bust/acquired by Ashanti. It will be a pitiful attempt with lots of redundancies along the way. He won't be given even a chance(money) to properly drill 8 zone before capitulating, so he's got to work his socks off to save the business. Well deserved outcome for his constant lies( or being economical on the truth..) over the years.
Anglo Gold Ashanti must have had an a idea about the Q3 results prior to their private financing deal, because it was done just 9 days ago. Despite that they've poured the cash in, and that is a good sign.
The new addition to the Board was probably a condition for the deal, so it is most welcomed! However that is another fat paycheck on the books, and it would've been reasonable to get rid of some underperforming directors.
I hope that another dilution will be avoided, but depends on the grades. Not a word about AISC in this RNS...
RNS in line with the expectations...
This company have never failed to disappoint in the last 12 months!
Guidance is poor, with with both tonnage and grades below the design capacity, and that is with the new equipment already fitted!
That's just Poor Gold Mining for you!
I am not sure if this is the first gold mine in the world which have declared commercial production, and then 5 weeks later has gone back to the market!? That just sums up their actions in the last 12 months! Their gold might be pure, but their souls are clearly not!!!
BeBold, that's how an investor becomes LTH! I am one of those, stuck with higher average than you, and 15k underwater so far.
Before this RNS I had a hope that I might get to evens by the end of the year, but now that hope has gone completely.
There is something wrong with their business plan. With this placing they're actually sending a message across that 1000tpd are not enough to pay the 300 staff salaries! Very alarming situation, because that's above their design capacity!
Pure Gold = Pure BS...
Not much has changed in a month time, apart from " All four spin-outs done by Christmas" to "work in progress"...
I would say the timeline given to TR as "next summer" is the accurate one.
Where is the production guidance?
Rapidly approaching 800tpd, but how many are at present?
The good news is that there will be no more excuses for a poor management, and they will have to face the music.
Troajan,
SGZ is another shocking example of mismanagement, where shareholders will never see any dividends from their investment.
In WRES the CEO has been buying a lot of shares recently, so I think the jury is still out.
It never crossed my mind that Eric Sprott will get involved with such a bunch of clueless and shameless folks like PUR, but there we go. He will have to wait same as us for years, to claw back some of his investment if the 8th zone doesn't meet the expectations, because lets face it-from the current reserves of 1.2mln ounces, and 12 years LOM we won't get our money back in the form of dividends. Too much debt and warrants. Any further delays to commercial production of at least 800tpd will lead to more debt and dilution. Obviously the management is unable to ramp up the production to these levels without the new equipment, which is currently being installed. That makes me think that any further ramping up will have a minimal chances of success, therefore the only way to increase production will be higher grade ore, and that may come only from the 8th zone, fingers crossed. The BODs clearly deserves the sack, not only for the poor management, but for selling down their shares when they knew the crash was coming .
Really worrying interview!
' As we continue to ramp up production in Q3 and Q4' !??
We were meant to be in commercial production by ' the middle of the year'!!!
The entire BOD should be sacked immediately!
This delay on the characterisation study means that we will have to wait a lot longer for the 10mln contracts.
Other than that- fair play to CF, he did exactly what he said, thumbs up!
My thoughts are:
That takes away most of my worries.
I don't like some of the language used in it.
Found a 'small' gap to accommodate 'significant' contract...
Facilities 'comprehensively' booked...( but not fully).
I guess we will find out what 'solidly EBITDA profitable' means in September with the interims.
SP shouldn't fluctuate from now on.