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I like that we finally have date for the machines to arrive. From there there are no excuses, company must deliver. As for now, things seem to be ticking along. People have waited a while for these cashews, surely they can wait 2 more months. Director buys should add confidence. Let's see what the remainder of this year holds.
Chris you should know by now that unless results are released on 10th each month, some people on here immediately feel that the company is going bust.
Indeed Chris. Further confidence on the cash position - Company is sat on circa 1,700 tonnes of Palm oil, price is increasing, good decision to hold this back. Could be worth around £1.3m in revenue. It's actually a real shame the cashews are lagging, not just because of the obvious SP impacts, but the Palm oil business is flying right now if you look at the data. Company should be booming, but this is holding us back.
Yes I've noticed this trend Chris. CPO keeping the company moving forward while the cashew business lags.
Why on earth would the company start buybacks now when we have so much debt that we need to get down. Get the cashews sorted, cash flow rolls in, pay down debt to reasonable level. If at that point company undervalued then yes buyback shares.
#SRB I've got them around $17million dollars cash at EOY, slow down based on the expenditure of the Coringa ore sorter and guided higher Q4 operating expenses.
Gets us a Net cash position as a % of market cap around 30%.
Your AISC is too low. Last quarter it was $1516, until I see evidence of this coming down I assume $1525 AISC.
Similar with Production. You assume 34,000 PA. Last quarter was 8000x4 = 32,000. Until I see quarterly increases I assume 8k per quarter.
Less relevant taxes I'm getting circa £650k pm.
Relative to the market cap, it's a machine right now (baring any disappointments in the Q2 report) I've got the company making around £650k per month in FCF which is going into Coringa/cash build up.
EV is around £10m lol
New Video - https://youtu.be/_prvXychjwc
Great interview. Article response and Coringa license expected in Q3.
QoQ growth all year. Fingers crossed the RRC give us the decision we want in June. With no objections, and assumed EUR no change from increasing the oil production then should be a positive result. After that get a Pine Mills well 3 drilled. A positive result there would take us past 160bopd (based on previous well results). At £1.7m market cap is all wrong down here. Drill a 4th well later in the year and we could see 200+ by year end. Good luck to all.
P.S decided to filter most of the haters on here. Don't need to engage in that sort of bickering.
Going to be close Adam. Is it just a case of sending the environmental study to the govt office and them checking it over. How much will they scrutinize the environmental study etc. Could get approved quick, could take a while. Who knows. I guess the good thing is that we still have Palito for now so it's not like if they do take longer than Feb 2024 we're fkd. Still producing cash. Company is worth £22m in a positive environment for gold. How much lower could it go, even if they take longer than Feb 2024.