The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
FFS NTM
WHY CANT YOU ANSWER SIMPLE QUESTION ⁉️
You say autumn winter. Does thing change in spring.
Why did NOT so dear C🎯l say in NUMEROUS podcasts and the cost to XTR is £50kna month
Will this agreement resume in spring 🌱?
If not why?
Make yourself useful ⚡
No essays
Re BR
🔸Not financially viable at current copper price if CApex is included
🔸Does this change when Copper price goes up? If so at what minimum price
Short and to the point answers will do
Yours cruelly
😈😈😈
NTM
Hope you don't mind me picking your brains.
Has agreement between MMP and XTR permanently changed?
What happened to £50k a month TOG costs to XTR with XTR earning 23% of gold produced.
There is £11.25m on balance sheet on H1 report
🔸Does this include 73% to MMP
🔸No Q2'gold sold in H1?
🔸Where on H1 report does it show payment or transfer of gold to MMP for Q1?
Re BR
🔸Not financially viable at current copper price if CApex is included
🔸Does this change when Copper price goes up? If so at what minimum price
Short and to the point answers will do
Yours cruelly
😈😈😈
Am tired but here goes
These figures are based on Colin AISC $700 an oz . Announced 6th April on Roasties Podcast
Fairbride
(1128 oz x $1859)
Plus
Other ops
(183 oz x $1812
Total Revenue Q123
$2,428,548
Less total AISC $700 an ounce
(1128+183) X $700
Total costs
$789,783
Gross profit before Corp Tax
$1,638,765
Converted to GBP
£1,344,015
Half year report
£ 390,000 gold sales other ops
£1,670,000 Fairbride
£2,060,000 Total
Less costs
£601,000 team on ground
£ 87,000 taxes
£1,372,000 total
Very little difference between both Totals
How the DUCK can the above figures include 23% X (64 + 66 + 66kg of gold) for Q2??!!
Got it Guy.
Thanks for detailed easy to understand reply.
Think I mentioned this before so to negotiate a get out of BUY BACK agreement with AA could include a cut in deal for them if sold to another Major???
Glad going in right direction ⬆️⬆️⬆️
dani
Ben
I totally agree with you about numbers clear as dishwater. Also dumbfounded that income from Q2 not included.
However
We have made $602k profit at group level based on costs for 2 quarters plus income from Q1.
Plus
Think I have reconciled income. Jumping for joy. Won't post my working out til double check everything.
Oh yes you are ALSO right - it seems they don't want new investors to BUY in to company.
Why why why❓❓❓
Hey Zap
What's your take on BR comment re moving to wards being saleable product?
Question
If AA not wanting to take it to production then if 16 models are financially viable then why not announce DTM now whilst copper price still low❓
Yes NTM
You are right. Now I'm no WIZZ at reading all legal stuff
BUT
The original agreement states 23% of gold produced.
If All gold is sold at end of each month then taxes need to be paid hence why I said gold sales minus taxes.
If you look back at Q1 trading update is states MMP had AISC of $1812 per ounce yet in podcast dear C🎯l said AISC of circa $700 an ounce.
$700 would include taxes and team on ground costs
UNLESS
agreement has changed that we share OPEX costs with MMP
JUST about to figure it out with reconciling $1669 revenue figure
Back in bit
NTM
You asked
Cruella, Is xtr getting 23% of Nett profits the same thing as XTR getting 23% of gold produced, at Fairbride?
It is if NETT PROFITS equals gold sold less taxes
IE XTR gets 23% of gold sales less production tax and Land settlement costs.
Has original agreement changed?
Is XTR now paying 23% of OPEX?
I can figure it out by reconciling Q1 revenue
Really Drew?
Jeez never noticed that one.
So in one week or so likes of Stockopedia will have updated numbers for XTR revenue upto end of Q1 plus ALL costs upto end of Q2. Resulting in skewed figures to the downside as they do not include Q2.
Next official update will be JUN24 which is for full year ending 31dec23. This is because quarterly numbers are not updated.
DOES not make sense even more. They have had 3 months to report Q2
This is what I wrote yesterday on my group
This post is more of a BIG question ❓ which I need clarification on. I should be able to get the answer when results are reported.
Question I have is costs to XTR in relation to Gold income.
The original agreement between XTR and MMP is
MMP
🔸Build and pay for processing plant
🔸Provide equipment
🔸Pay for operations costs
In return
🔸MMP get 77% of gold produced
XTR get 23% of gold produced
Costs to XTR
🔸6% production tax
🔸0.15% land settlement tax
🔸Team on ground costs which includes salaries, gold pouring, gold sealing transport of gold from mine and security. These costs are more or less fixed. The more gold is produced the lower the All in cost for producing an ounce of gold.
Last year in podcast dear C🎯l said monthly TOG cost was forecasted to be £50k a month.
Based on 66kg a month production & today's gold price of $1908.
Numbers would be:
529oz gold share to XTR
(23% of 66kg)
$1,007,745 Revenue
-$61,976 ( PTax & LSett)
-$50,000 TOG CoSTS
$895,769 gross profit PM
$211 AISC per Oz (tot costs /529 Oz)
$10,749,228 gross profit PA
89% gross profit margin
Before I project forward earnings need to see if the agreement between MMP & XTR has changed.
Oh look whose come out of woodwork DREW
what's not to like about interim?
We know we have Q1 23% of 140kg gold at AISC of $700 an ounce.
Plus may have surprise factor for Q2. This is what I wrote yesterday on my group
Good to see we are on same page NTM.
looking forward to results whatever time they will be announced.
Don't forget everyone if NO PR with results then it will take 7 to 10 days for numbers to be updated on likes of Stockopedia etc...
Cr❤️
Well Hello NTM🌳
If RNS today then best at 1629.
If not then have trust in dear C🎯l that his timing will be spot on.
Perhaps HE should get off HIGH horse and start listening to REAL investors like me❓
My prognosis is he is TIED up in past how things used to be in Smallcap mining sector.
yours cruelly ❤️🩹❤️🩹❤️🩹