Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
They were mining this month at 1.65% average grade but because they blended with the surface stockpile that reduced it to 1.58%.
Combine that with the following:
770L and 790L UFZ: Production activities continue in this area. Secondary ground support has been a focus in May to protect the high grades expected out of this zone in June.
And it suggest we could see some additional grade increase for this month which combined with a full month of 1350 tpod should push copper produced comfortably into the 600 tonnes for the month.
The arrangement with the previously reported rented crusher was concluded and normal crushing operations resumed at Nugget Pond as of 6 May 2022, with average throughput of 1,292 tpcd from then until end of month. I thought the following was interesting:Plant availability from 6-31 May was 99.2%, resulting in an average throughput of 1,303 tpod during that 26-day period. Eight of those days saw throughput at or exceeding the daily target of 1,350 tpod, with a peak throughput of 1,400 tpod achieved on 16 May.n.b: tpcd tonnes per calendar day tpod tonnes per operating day
Please don't think I disagree with very, very generous remuneration for amazing achievements. The key is to ensure the two are linked. I do not believe the RemCo have got it right here. We could see an indifference performance, say 18p share price in 3 years and our Chairman walk away with over quarter of a million pounds from shares on top of his remuneration. That is why I think there is misalignment with the shareholders' interests.
It is easy to just throw stupid amounts of money around, many a company has made this mistake. The key is getting the link between money as an input and the output. I am sure Mr Ollie is a very capable man, his CV suggests that, but that should not mean a free lunch. Let him earn it!
Best wishes,
Prof
...the final lot at 30p after three 'further' years.
... with our new Chairman's first act. Accepting what to me seems like an outrageously large amount of options without having done anything yet. By this time next year for every 1p rise he will be £90k better off. If we return to last year's high of c21p he will be nearly half a million better off. I would have like to see a higher strike price and a later date. Perhaps 20p after 3 years for a small first lot, then next lot at c25 after another year and the final lot at 30p after three years.
Not impressed,
Prof
GGG,
Well if TB is buying double what you are keep buying. He will be forced to buy double, whatever the price and so up it goes!
I ran a number of scenarios on 12th May (posts at 1100hrs, 1106hrs and 1121hrs) that illustrated why I thought 600 was achievable in May. I would love to see that happen and still think my logical was sound and it is possible.
Ref the current share price interestingly there seems to be good volume for both buys and sells with the former at 24.11 and the latter at 23.7. Interestingly the same prices are quoted in both instances whether you ask for £1k or £10k.
I am confident we will see 25p for real this week.
Best wishes,
Prof
Hi GGG,
Are you consciously trying to track TB'd holding or is that just coincidence?
What the past movement of the RMM share price seems to show is that when this turns it can turn very fast (both up and down). I struggle to see how all bad news can be anything other than priced in at this SP, even to the extent of it pricing a disappointing May. I therefore hope that average, good, or even very good May figures will result in a rise, strong rise or surge in the SP. Fingers crossed!
Best wishes,
Prof
2 buys in 2 days by TB. Sure the amounts may not be earth shattering but, as some have already he is still putting his hard earned money into the company. He is not a FTSE CEO so £25k is still likely to be a considerable amount for him. Besides, regardless of how small why would be throw it in if he was expecting it to fall.
TB now owns 0.5% of the company before any options. That is an excellent alignment of the CEO with the shareholders. I hope he becomes very, very rich on the back of it.
Have therefore bought some more this morning. Surprised to only have to pay marginally more than TB did and still in the 23s.
Best wishes,
Prof
Dandu,
Provided gold holds then I think it will. The problem however with miners is that they are so fundamentally linked to the price of their underlying commodities and in the case of CEY and gold there is also a paper market side which seems to be bare limited correlation to the cost of mining.
Still I am optimistic!
Best wishes,
Prof
Sotolo,
Yes like you I am still in CEY although not as heavily as I once was (yes still substantial). HOC I traded in and out with good effect and fortunately have only a small holding that has taken the current hideous journey all the way down. THS and FRES about level with dividend counted. SLP down 20%, JLP up 50% (my star) and RMM down 25% but confident it will turn. Not the best year so far but then I am not sure who is having that.
Best wishes,
Prof
Thanks Sotolo.
Are you still in CEY?
Best wishes,
Prof
Razor,
I agree with you totally ref the criticality of H2 production ramping up to plan in order to get the SP moving north. I would add that CEY also need to keep AISC within the (large) bracket that they outlined even with what are no doubt greater inflationary pressures than originally anticipated.
To date Martin H seems to have delivered what he has promised so I am confident.
Best wishes,
Prof
I don't have an FT subscription but was able to read this:
https://channels.ft.com/en/ft-wealth/can-investors-profit-from-a-new-supercycle-in-metals-and-minerals/?utm_source=FT&utm_medium=investing&utm_content=backfill
I don't have an FT subscription but was able to read this:
https://channels.ft.com/en/ft-wealth/can-investors-profit-from-a-new-supercycle-in-metals-and-minerals/?utm_source=FT&utm_medium=investing&utm_content=backfill
I don't have an FT subscription but was able to read this:
https://channels.ft.com/en/ft-wealth/can-investors-profit-from-a-new-supercycle-in-metals-and-minerals/?utm_source=FT&utm_medium=investing&utm_content=backfill
I don't have an FT subscription but was able to read this:
https://channels.ft.com/en/ft-wealth/can-investors-profit-from-a-new-supercycle-in-metals-and-minerals/?utm_source=FT&utm_medium=investing&utm_content=backfill
And particularly well on your call first thing this morning of a close today of over 82p.
Hi Pkumar,
Don't know whether it will hold for the next half hour until close but the live price has just gone positive albeit only be 0.02p.
Well called,
Prof
It seems fair enough to me that bonuses are being given as they are using RSUs.
A lot of excellent work has gone in last year to move matters forward and to do that many of the team will have put in long and stressful hours. This is what will drive the production this year and the share price gains. It would be wrong if the senior team were getting lots of money already when the shareholders are suffering. But that is not what is happening. These RUS based bonuses will only be meaningful with a share price rise which is when we as shareholders will also benefit. As such our interests are aligned.
Best wishes,
Prof
RSUs issued in lieu of bonuses. I like it.
1. Saves money
2. Aligns senior mgmt.'s interests with shareholders
3. Locks key people in.
Well done Rambler!
Best wishes,
Prof