Member Info for DrJamain

We are waiting for the Committee to finish taking evidence and to report to parliament with its recommendations, then for the govt to present the statutory instrument that allows royalty rates > 5% to be approved by parliament, and then for the RAT to be presented and approved by parliament. The suggestion was thyat the last 2 could happen at the same session.

The committee meeting tomorrow is concrete, but the result of their deliberations is not and that is what matters.

FWIW I think the new sliding royalty scale will be accepted, the new legal instrument will be approved and we will get our ratification. Before the recess? Unlikely but not impossible.

Excitement has been followed by disappointment so often in the last couple of years it's probably best to avoid hope and just wait for something concrete.

I've been following this for a time and am yet to really understand what the strategy for Hamak is. Can anyone enlighten me?

It's moving fast now - down!

The assay results didn't help so what are the near term catalysts for a reverse? Genuine question.

Ksarar - is that it? Do you have anything more thought out to offer? Why do you truthfully thin k it is crap?

Ksarar - what makes it crap?

I'm out, lost a chunk. I just don't trust the BOD anymore - they were economical with the truth to the point of deceit. Maybe a rabbit will come out of the hat but I doubt it.

I have no doubt that this mine will be finished and will be very productive and profitable. But that is not really the issue here.

The key question is will it be finished and run by HZM and, if so, what will remain for PIs after inevitable dilution.

Personally I am down so far I see no reason not to hold and see what unfolds but this is currently an expensive lesson.

Hi Slater, I sold most of my FRES when it was over 900p some time ago - where do you see this bottoming?

I remember seeing a guy doing an Elliot curve analysis on FRES saying that there was one more big fall before it would rise sharply and for a long time - he talked about a 10 bagger from the lows by 2027 - WDYT?

Probably related to this...looks like game on!

https://twitter.com/OC7990/status/1656657785529200648?s=20

Yes, the figures are extraordinary. In time ALL will change our lives.
In the meantime I watch this freak-show with mild amusement and top up when I can.

Blimey, good news of significant license progress and they're letting me in below 1.2 - couldn't resist! I'm in.

Yup, big volume today

I was already in from the last low, now in the top up zone. The lower the dips the more I buy

This looks like the culprit:
https://www.proactiveinvestors.co.uk/companies/news/1003806/fresnillo-downgraded-to-sell-as-cost-forecasts-are-too-low-ubs-says-1003806.html?viewSource=TwitterUK

I think it's because UBS have downgraded FRES to 'sell' with a target of 850

Thanks, nice to be here.
When people panic over a funding setback that is unrelated to fundamentals or operations it looks like opportunity to me. We'll see.

They'll get the money in time. Probably no placing needed. Drop overplayed, weak hands panicked. I'm in.

It's not in default, it has agreed with the IMF to have breathing space and a new credit facility.
https://www.imf.org/en/News/Articles/2022/12/12/pr22427-imf-reaches-staff-level-agreement-on-a-3-billion-three-years-ecf-with-ghana