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So basically from chart perspective it has tried to go lower but cannot. Should push higher then.
These buying opps dont come often. As long as you are prepared for the volatile movements you should obtain some good returns.
It was all doom and gloom when covid hit. That's where we are now SP wise when everything was shut.
Just as a complete interest. The share price is at rock bottom. The cash is great and Purp have been making some significant business changes for the future development and profitability.
I am seeing buys and sells going through. But I'm really interested to know why people are selling at these levels. Anyone there will to help me understand.?
Sorry - no idea what you are on about. Why are you bringing other businesses into topic?
There will be no special dividend, utter madness to suggest that right now.
Growth plans and stability in business first.
This money is for investment and growth of the business. They will not return to shareholders until the business is standing on it's own two feet and bringing in more money than what they know what to do with.
Looks like we may have caught the bottom yesterday. Now just gotta wait for everyone else to see the value here at these prices.
Netbox - from my perspective for AISC you have to play a factor for economies of scale. Therefore if you produce 1oz your total AISC would be far greater than 1000oz. So my issue is they have plucked a very convenient round number from the air without providing much substance.
Have they actually said the plant costs are 700USD oz. If they have then I take it all back. I read the results as smoke and mirrors. They knew they were not going to get anywhere near their AISC tagrtet so threw in a load of plant costs. If they wanted to they could have reported that on another line and give us what their AISC are now so there is a good understanding of what the future will be like not just what they are telling us.
Next up is they are throwing everything at growth. They may well hit their 1000oz target for dec but at what cost? Pointless to continue if what they pull out the ground costs the same.
· Reported operating loss for the third quarter €452 million
Hi Suggins.
In my eyes if they as in the company (gcat) repost then they need to be responsible for the content. This was also just a tweet I picked at random.
Bullish on the company yes. My main concern has been there transparency and targets. They have tweeted 900usd an oz AISC in the past, they set an expectation and now look. Bareley breaking even.
Just my opinion of course and wish you luck with this investment. Just hope not too many brought at the peak.
Cheers Netbox -
I hope it works out for you, I really do. I love hearing stories of people making money.
I try to be transparent and agree everyone has different views. Mine are just different to the majority on here. Not saying I will end up being right all the time...
Hi Suggins:
Ok so the 900 usd is a long term target. Reached by when as this isnt very clear and noted on numerous articles and feeds. Here is one.
https://twitter.com/CaracalGoldplc/status/1439841040182267907?t=rl6sHxm7pl_31-sKsHR4Ew&s=19
Just for fun I included this Tweet as it was in Sept where it is mentioned:
Already producing 500oz a month
Aims to target 1500oz by Dec
So growth is somewhat stalled as latest numbers is still 500 oz and some change and the 1500oz has already been trimmed to 1000oz a month. It's also very strange isnt it that they have gone from tweeting the AISC to the cash cost. Quite different metrics would you not agree?
As for the 100usd saving an oz we have to go by their word I guess. Quite a nice round number wouldnt you agree. Also seems to imply its 100usd saving even if they were extracting 1oz of gold or 1000oz...again all a little washy.
Oh. Sorry can someone also explain to me why their Twitter has gone from 900usd oz AISC to now saying over 900usd oz cash cost. There is a massive difference!
Anyway. I'm clearly rubbing people up the wrong way by asking these simple questions so I will draw a line under it.
Let me know when you all start pumping again so I can jump on board
Net box- whilst I applaud you for not naming names I'm going to assume you were directing your message at me. at least in part.
So taking one of my issues can you please demonstrate to me where and how they have saved 100 usd per oz including how this is 100usd an oz for every oz whether it be 500oz or 1000oz they are producing.
Please also demonstrate this saving in the figures they have produced.
Ta
Pokerchips- I agree the market is not considering the cash on its balance sheet. Thus it's being irrational.
Thats the game, buy whilst the markets being irrational and wait for the correction.
It will come.
Nearly 60% of the market cap covered by cash. I am happy to take the risk.
Again comes back to risk reward. The upside is heavily biased to the downside. Also I have to say I have read so many updates by 'professionals' that have been so wildly wrong I tend to stick with my own thesis.
If it drops I just got my timing wrong and will add if it drops by more than 10%. I have no need for cash so happy to sit until profits are made OR circumstances change within PB to make me think I called it wrong.
Buy when others are fearful.
Please read the latest RNS. That cash position was then. We need to be looking at the NOW:
Our cash position as at 31 October 2021 was approximately £58m (31 October 2020: £75.8m), which reflects a period of significant investment in digital, non-recurring costs incurred in managing the business through the pandemic and one-off exceptional costs in transitioning to a fully-employed model. We expect the cash position to stabilise in the second half of the year.
Yes lots of cash still but not quite the 74m!
Was suprised by the fall today. Thought we finally cracked it!
Then again I think the market wants to know how they will deal with the debt. Having thought about this quite a lot I actually think they may delay any news on it until next update after Christmas to see how trading went so they can see how much they are going to cover with cash flow and how much potential dilution there could be!
I just hope if there are new shares issued the current holders get an option to participate as we have been holding on through think and thin....
Just my opinion btw doeant mean I will be right. I do think adding at these levels is a great opp! Even with a risk there could be a small raise as any dip after that would be short lived.
I'm always transparent - after all its everyone buying into the hype that makes it such a good trade.
Down near 10% in one day. This is after the good RNS?
I think many agree and are doing the same.
Hi AG,
Nice responses, good to see you know what the company is about. I have said all along if they pull it off long term they could do extremely well.
At the end of the day you read the news in a positive light. I read it that the board are setting expectations way to high. When BoD do this and dont deliver SP gets hammered.
So far I have been right and my trades actually spot on. Will I continue- who knows. But they have lost what 10% since the last 'positive RNS' two days ago.
I dont believe they will ever get to 800usd oz or whatever they claim it to be now and I think it will be years away if ever they hit 50k oz. I do believe dilution is on the cards and thus making a good trading opp.
I also believe they need to be more transparent. What are the actual AISC now and also not saying things like 100 usd oz saving. What does this mean, now, in 25 months time when doing 12k a year or when they plan to hit 50k per year?
I see lots claims and yes whilst progress has been made the big detail is in the numbers which is still not clear. How much of the 5m have they left?
Good luck to you is what I say. We are all in to make money. I'm just doing it differently. (Not shorting BTW)
Hope not as that would imply I got my timing wrong!
40p + by Jan will do me
The wealthy wont be buying in. They are wealthy as they look after their money. They have no need to gamble
5m was last reported many moons ago. They are barely making money from current operations and have significant investment still to make to increase production.
They are not being clear on the actual AISC. Its certianly not the 900usd oz they have mentioned.
Also there are rumours of a acquisition. With what money?
I am of the opinion a raise will come soon. For current expansion and acquisition. Small market cap so this would likely have bad impact, certianly short term.
Watching from afar.
Money to be made trading this one. Not yet an investment as too many unknowns.