Member Info for ElProfessor

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

Hi Loggy,
A very fair approach!
The good news is that is we take the strike price of his options as .25p then, he stands to make over three and a quarter million (before tax) if he gets us to the £1.24 necessary for them all to vest. I guess that puts the £700k he would make on his shares into perspective.
Personally, if gets the SP to £1.25 then I think he is worth every penny of the £4M.
Best wishes,
Prof

Loggypunt,

It is not just the 696,270 shares. TB also has a lot of options.

If you look at page 86 of the annual report you will see that he is listed as having 3,284,615 up from 2,884,615 last year with an excise price of $0.3 (not sure if Canadian or US but presume Canadian).
If you then turn to page 77 of the annual report and assuming TB's are in line with the broader option scheme then it appears that 50% of the options are date based (1/3 immediate, 1/3 in a year and 1/3 in 2 years) and 50% are share price based. For that 50% it appears that 16.5% vest at a share price of 57p, 33% at 90p and the remaining 50% at 1.24.
It looks to me that there is already a lot of incentive for TB to drive this share price up without him throwing more of his own money into the ring.
Best wishes,
Prof

Rich,
Also I suppose people could be buying in for the dividend next week (although why they would do that today and not yesterday is anyone's guess).
Prof

Hi Rich,
It is perplexing me too. The only logic I can see is that CEY overcooked the fall yesterday and people are realising that today. Put the two days together and we are still down a fair bit.
Prof

Hi Iodan,
I was thinking the same. KitCo have the support line at 1809.1 so interesting to see if that holds.
Prof

Hi MB,
All good points that you make.
Thanks,
Prof

MB,
Overall I agree that RMM has never been better placed. I would however make one very big exception to this and that is the price of copper which is down close to 20% in the past few weeks.
Best wishes,
Prof

Thanks 2phevs. Hadn't realised the pay back was that quick. Guess the soaring fuel price will only make that sooner.

Hi 2phevs,
Interesting what you say about the scaling of the plant and I would instinctively agree with your logic that the bolt-ons should be less than the original work. I guess the higher the price of fuel is projected to be the better the case albeit the past couple of years are a stark illustration of how much volatility you can get in price and therefore pay-back time.
So far the day is looking a lot better than yesterday albeit we have a long way to go to recover from yesterday's car crash.
Let us hope than when the US wakes up they are in a bullish mood for gold. Instinctively I would say they will be as there is no mega-bad news to push it down and I would not be surprised to see some short positions close ahead of the weekend after what will have been a very successful week for them.
Best wishes,
Prof

Hi 2phevs
Thanks for posting. I would however caution that the first article looks AI generated and the second one does not say much.
Nevertheless it is clearly good that we are getting some positive exposure in these difficult times.
Having held for a number of years I guess my current view on CEY can be summed up as follows:
1. I believe we are at the nadir in terms of high costs/ low production and the investment over the first few years of Martin H's tenure should see, all other things being equal, production move back up towards 500k p.a and AISC fall.
2. However I am nervous about the impact of inflation generally and fuel inflation in particular. We are very large fuel users, albeit the solar panel project, has come at a very opportune time to off-set some of that. Nevertheless I worry about the impact on our AISC despite my positive comment in point 1 above.
3. Gold price. Well obviously this is one of the three key variable (along with AISC and oz produced). And it is difficult to call. High inflation is typically associated with high gold prices however high interest rates make the cost of holding a none income producing asset like gold. Also at present the dollar is on a tear and that is putting enormous pressure on the price of gold.
So at present I am a bit like a rabbit caught in the headlights, not knowing which way to turn.
Best wishes,
Prof