Member Info for ConMan94

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%.

Doesn't look like there's much sub 40p stock left.

Cash generation will only continue if they get the Coringa license or extension to trial mine. Still a BIG hurdle but if overcome, this company will never see sub £50m market cap again. (near 100%) gain.

At 34pSP company current holding 22% net cash to Market cap.

Net Cash to MC = 28%.

At current SP. Net Cash raising by £1.5m by Q3 end would mean circa 40% net cash to MC @ current SP.

If they get this Coringa license this will multibag. DYOR.

I've got co having 34% net cash to MC. This % will increase when we get the next cash update - could be close to 50%

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

Some big sells going through last few days, dropping the share price, which is strange considering the gold price. Remember we're meant to be getting Coringa license news this Quarter.

BRL strengthening, Gold down $100 from highs, and still concerns on, AISCs, production numbers and Coringa license.

Big month ahead here. Pine Mills outcome and maybe some board news. Reckon we'll have a rise soon.

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.

Funny enough Adam, last year we got Q1 update on 19/04.

Better week. Let's hope for a good Q1 position, all eyes on AISC+Cash position. have a great weekend everyone.

Incorrect Taser just checked with Clive.

4th quater AISC was 1575, so hopefully they've managed to bring that down with higher production and costs lowering. Good cash boost before the $5m loan being paid back next month.

Sao Chico mine grades were poor lowering production by around 18%. delays in obtaining license at Coringa + gold price going down.