Member Info for Couerdelion

Jeez do I have to spell it out, HD? Target of 2300 less Q1 (Roan) of 915 leaves 1385 tons or 460tpm.

Sable (via Roan): 240-360tpm

Sable (Munkoyo ROM): Rising to 8500tpm high grade ROM (>2%) would produce 170tpm at 2% recovery.

Pre-extension capacity a Sable is 500-550tpm which is in excess of that required for the target.

'4.9 offered after selling 1.7m' - meaning what exactly? And how does this tally with the seemingly clear and front-page statement that "Common stock outstanding after offer will be 4.9m shares"?

You'll have to quote document and page.

Right at the beginning of "The Offering" it says - "Common stock to be outstanding after this offering(1) 4,903,199 shares (or 5,158,881 shares if the underwriters exercise their over-allotment option in full)."

Where are you getting 6.6m shares from? Looks like you are adding the 1.7m share offering to the post-offering share count. Probably best also to take the $8.80 a share as the price rather than the IPO proceeds although the $12.7m proceeds will then be in the NAV.

The 2.88m TEK shares is clear, however and at $8.8 values their holding at $25.4m, which is not that different from the value showing in TEK's latest accounts.

They need 460tpm to hit the HY25 and FY25 targets. Roan will produce around 900-950 tpq with the rest coming from Munkoyo ROM building up to 8500tpm at 2%+ copper refined at Sable.

The 284k increase in shares held by TEK is simply the conversion of $2.5m PIK notes to shares.

P93 shows TEK owning 2.88m shares after the offering (59%) compared to 2.6m (70%) before.

Can you clarify, Badsterman. Do you believe that at IPO, Guident will raise $30m to increase its valuation to $100m (ie it is currently "worth" $70m and TEK's stake is worth £37.5m)? Or are you saying it will raise less, but TEK will sell some of its stake at IPO?

Plenty of variables involved with the capital raise which will dilute but also increase the value of Guident. Easiest to value it pre-raise.

Kalan, from what I can make of the Sable figures, these are where they expect to be in terms of production by March. Currently they are running at circa 4ktpm ROM from Munkoyo which will be increased up to 8.5ktpm by March 2026. At over 2%, this gives the production to add to Roan to get your figures although I would suggest this is the planned production rate at the end of Q3, not during Q2. The RNS does not appear to give any production estimates for AFTER the expansion of Sable is completed.

Munkoyo modules may be the bigger story which should be with us by end Q2.

That looks about right for the period to end March 2026, Kalan. It's in line with the total Sable production of 500-550 tpm

Well since pedro61 has still to show us his thoughts on TEK from a year ago, or even from earlier this year, people can also judge for themselves how wise and all-seeing he really is to have waited to invest in TEK at this point rather than prior to previous IPOs. Or maybe they'll see him as condescending and arrogant - to be clear this not abusive since it's other people who are making these judgements.

Now maybe if there were posts about TEK and people learned to disagree without insults (however thinly disguised)

Stas20, I don't think I suggested you were insulting anyone. That appears to be the sole purpose of pedro61 although he appears now to have been joined by longfell who has only been here for a week. You don't have to look far to see examples of these.

Well let's not get into the realms of speculation on personal interests. It will only continue the to-and-fro of messages that have little or nothing to do with the shares in question. One side takes a bullish line (there are plenty of reasons for that) while the other is more bearish based on experience here. Personally, I think the newer investors would be wise to learn a little of the history here before they turn on more seasoned investors who can remember a capital raise or two.

I think the mistake people are making here is obsessing about the SP in a business that is already mature and now largely a cash cow. SP's primary purpose here is to determine the dividend yield and, put very simply, if the yield is high you buy, if the yield is low you sell. You come here for the dividends and if you are looking for capital gains you've taken a wrong turn and should retrace your steps.

The benchmarks you want to be comparing this with are medium-term gilts, cash deposits, annuity rates and other life insurers and if you are thinking this way, you can see that LGEN occupies a different part of your portfolio to your average equity investment.

Nothing wrong with these shares and given the nature of the business, the dividend yield is ridiculously high. I'd hold these just for the dividend but with all the upside potential, it's win-win.

I wonder if our resident ramper , when he is not to busy insulting other posters for some fairly accurate and factual posts, could enlighten us mere mortals on what he said about TEK at this time last year, or before the SALT IPO or any of the other IPOs that TEK has led. I can only see him posting on TEK since September but I'm sure he has plenty of experience here which would explain why he didn't invest earlier.

I'm trying to understand what the expanded product range actually means both in terms of what the company offers and what it means for revenue and profit growth. Got a little extra from the interview but I think some sort of presentation material would be useful.

Https://bangoinvestor.com/activity-updates/bango-ceo-interview-with-marketwatch-two-engines-driving-growth

Nothing really new for longer term holders but still good to see Paul working to increase the exposure among PIs. I can't see the SP being stuck below 100p for much longer.

I've now repurchased the shares I sold recently costing me the price of a cup of coffee. Personally I'd say the shares are worth more than they were when I sold them.

Here it is... https://www.investormeetcompany.com/meetings/interim-results-502