RE: It’s happening!16 Mar 2022 11:42
Just listened to AW's podcast.
I didn't realise he was once a stockbroker and sold on a successful business which shareholders did 'very well from'.
His comment that most mining companies are jam tomorrow, Ben's is jam today and soon to be caviar .(my words but his interpretation).
Another stand out was the economies of mine, wash plant, railway allowing very profitable margins.
Capex has been high and he will need a few months of production to free up the £35 million to pay the 10p original return of Capital to those clever enough to be in at the beginning .
Obviously all shareholders will get the dividend but I'll have to wait for 30p!
Worth listening to the bit about the conversion of the original £60M debt to royalty payments.
Very credible CEO who delivers what he promises.
I'm in from 30p on the tip of a customer!