Member Info for EyeGuy

News- there is no point tweeting or asking Kiran
It’s all in the recent podcast from about 2 weeks ago plus the RNS

Obs- yep I understand that so it gives them basically 2 months from my calcs to sort the settlement - at which point shipping would need to be stopped it the court order would need to change

and quite honestly my reputation as an LSE poster- I couldn't care less to be honest what people think either positive or negative.
all the best

news- im not trying to cause and argument and I will always post with respect.
However your assumption that the shipping cannot start isn't true. This has been released in an RNS.
Also the settlement has absolutely nothing to do with the shipping starting. It isn't related and was re stated by Kieran about 2 weeks ago. Some of the muppets on the other BB have never seemed to have grasped this.

Again I repeat. The iron ore shipments are 1.39 MT of ore 62% fines (or mostly)
As these shipments are over next 18 months the advantage of the high iron ore price cannot be underestimated.
This should just about clear the CAPEX required for the main mine which is circa $168 million- if all proceeds are put towards it (yet to be seen) At $61 price of course there is still a big chunk of capex to find.

Obs- the figures posted match mine pretty much.
No idea how anyone can reject those figures. Surely if the margin on iron ore sold changes from 100% to 500% (as is what happens when iron ore spot goes from 61-200 dollars) based on under $30 cost then the profitability including profits and NPV will moon.
People rejecting the figures is more like turning a blind eye to suit their own trading agenda.

News. It’s not really a “fair test” to put forward and bullish theory to the other bulletin board.
A lot on there are spread betting and desperate for the shares to be kept low imo.
I recognise the name Maddog from there. He is another one who imo is utterly terrified of a rising share price- similar to his posts on Val over the past 12 months

News:
“
It has been pointed out, as I pointed out in this forum that THE FINAL AGREEMENT has NOT BEEN EVEN SIGNED YET FOR KDNC Amapa project - bank creditors have not signed the final documents to release shipping of the iron ore stockpiles at Amapa.”

You are getting confused here. The bank creditors have nothing to do with the shipments. It isn’t related. The shipments will start with monies going to Dev. The above statement you made is false
Atb

Ob - yep I know that but news said
“ All this is irrelevant UNTIL shipping starts, scoping study done and re-commisioning done which will take another 3.5 years at least. Then, comes ramp up to full production”

News- the presentation time line for commissioning is 19-24 months from January 2021. You have doubled the timelines to what has been reported. Why?

yep. agree MR P.
2 high impact drills plus results. This could do anything but im expecting multiples here

Yep . A bit of warrant flush imo. End q1 is imo any time in March. Rns any day now

yep. imo its a lock and load here. cant see anything better in gold exploration on the markets. this has got the lot imo

yep. some good posts today. Ive loaded some more over last few weeks. IMO this is one of the best potential gold plays of the last few years and very much reminds me of Mariana resources circa 5 years ago. The surrounding Senegal geology is world class and the risk is offset somewhat with the fact they already have world class results at FARE plus Cameroon drill coming too. Its a lock and load for me

I would have thought that Kieran will release some update figures when the settlement comes in . Let’s see

news. that is untrue as my calculation which I used and you commented on had the correct workings out for the mine production and the stockpiles.
(assuming mine production 4.4MT @65% and 0.3MT @62%)
and ore stockpiles of 1.39 MT @ 62%

Ill leave it there
peace out

News - you seem like a nice guy mate but you are plucking things out of thin air.
My figures are assuming the iron ore price stays like it is using the correct pricing of today.
When Kiran released the figures, the iron ore price was $61 ish per tonne. So they were relevant at the time. It is more relevant now to use a higher price. Certainly for the shipments it will be good as they will be getting 1.39 million tonnes of the 62% fines shipped over the next 18 months.

News - why do you say there is no point in using my figures.? I have worked out the revenues based on the 4.4 mt @65% and the 0.3 mt @ 62%
Ie the correct pricing based on latest production guidance/mine plan which has been released by RNS

News. The iron ore price you use is for 62% fines.
The seaborne iron ore price for 65% fines is $200
Over 4.4 million tonnes per year - equating to 93.6% of the iron ore produced will be the higher grade 65% so can you let me know why you are using. The lower grade prices?

yep. Having EMH shares do give some flexibility around funding etc.
I ignore the morons on the main feed. Don't forget a lot masquerading as long term holders are not.
They are spread betters trading on swings imo.

Ob- yep but the shipment revs of $230-240 million even taking off shipping and tax should cover most of the capex.
The previous shipping revs released were based on the $61/t from memory
The secured debt against the asset against future production shouldn't be an issue either if they are taking $700 mill in EBITDA annually