Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
After analysis i conclude that if we use 2023 metrics as a baseline ( breakeven excluding MMIC ) and calculate each years 2024 - 2036 waste mining outlook, we incur net additional waste capex of 113m and if we look at the ore treated/ grades/ct recovery outlook for each year 2024-2036 we incur net revenue outflow of 97m giving a total net outflow of 210m. But if the average ct price increased by 30% and was maintained throughout period 24-36 we'd see net additional revenue inflow of 413m minus 113m net additional waste capex outflow = net additional inflow of 300m . I think credit facility will be extended this year but additional RCF in 26 will depend on diamond prices, business is priced for failure because that is it's current outlook within 2 years but a recovery in diamond prices would change this outlook and the sp. It appears a viable takeover if strategy was too shut down mine until higher diamond prices, opinions and can anyone explain 167m net book value of PPE stripping asset and deferred tax liability of 79m?
FY23 end period 16.5m cash, net debt 21.3 , undrawn facilities of 45.9, purchase price of MMIC 22.7 of which 13 paid pre period end and 9.3 post period, so is the post
FY23 9.3 m payment included in the FY23 end period cash and net debt or is cash now 7.2m with net debt of 30.6?
Is Vodafone using any of this divestment cash to pay down net debt, anyone else thinking they should be paying down the giant net debt.
This needs to be sub 75p and even at that level one requires clarity regarding business viability.
I call 650p in bound then 800p silver and gold are flying, Iran about to get busy and US eclipse.
Currently on way to 2,500p analysts suggest
Outstanding on earnings basis, no geopolitical risks, i call 900p in bound, top analysts suggest Future as a best buy in the media sector.
On the surface the payment RNS doesn't appear negative, it appears they found a way around the dividend payment issues, but i lack understanding of the specific payment method, can anyone explain in basic what is a capital repayment by way of capital reduction, what are the pros and cons of it? i understand dividend and share buy back but have not seen this before.
Come 2023 assuming debt of 1.25b on average interest rate 5.5%, interest cost 68m versus current 28m.
Current mcap 154m, FY22 net assets 607m, net debt 1,451m, Estimated FY23 net debt 1,835m, do i expect net assets of now to be sub 200m, FY24 est net debt 2,104m with possible negative equity. FY 24 est revenue 558m, cost of servicing large net debt will be very expensive and it looks pretty clear to me that the business will be making a statutory loss for FY23 and FY24 , viability of business in question, current mcap or lower justified, opinions?
FY24 i estimate revenue 800m, adjusted OM 30%, adjusted OP 240, -81 adjusted items, -20 incremental costs, -15 investment costs, -28 finance costs, PBT 96, tax 23%, profit after tax 74m, what are your opinions on these numbers?
In regards to shorts i recall when sp was 3768 with mcap of 4.57b significantly overvalued on all basis but today we have an sp of 596 and an mcap of 687m and valuation is at preferable value for entry. Only negative IMO is high goodwill but positives are low manageable debt and business highly cash generative with good profit margin, opinions please?
102 Friday prophecy
FY23 cash 256m (201m) in NGN H124 cash 128 (201m in NGN devalued to 77.4m) managed to repatriate 13m means it repatriated nothing, Nigeria business is 35% of revenue and that 35% cannot be realised, it was not a choice to accumulate £200m usd worth of NGN, the business cannot swap the NGN it's accumulated, considering PZ intends to buy out NCI which has equity of minus 9m for estimated 25-50m. Factoring that in, loss attributable to owners of parent was 87.8m with comprehensive loss of 135.9m not including cost of buying out NCI, until there is evidence PZ can actually effectively repatriate money from Nigeria, PZ is unviable, opinions and thoughts?
Reading Anglo American's recent FY page 21 RE PGM, Anglo noted that due to current PGM prices several producers restructured existing mines or mothballed future plans, Anglo also halted work on a 3rd concentrator and halted expansion opportunities related to PGM operations, given this Tharisa should remain conservative and does anybody know the chrome prices?
Hi All, comparing Assura to Primary Health Properties over 5 year period, they are very similar in terms of numbers i prefer Assura but are there any significant differences in terms of business model / strategy between the two, also can anyone explain the loss/write down Assura took in FY23?
1. H1 23 reporting error? Page 6 net debt of 15.9 m as at 31/12/2022, page 37 net debt of 198.7m as at 32/12/2022.
2. RE going concerns, page 38 interesting to see that a silver price of 18 and gold of 1481 would cause the 889m cash balance to decrease to minimal levels within a 6 month period, anyone care to comment on that?
3. Board concerned about potential actions by government after legal reform to mining law in 2022 " strategic mineral exploitation could be reserved to the state" but isn't that just a given everywhere anyway, if it comes to it GOV takes what it wants etc?
4. Currently looking at silver stream numbers anyone believe actual amount recoverable much less than stated?
Watched Fresnillo over time, bought recently now looking at H1 23 TU, can somebody explain why net debt was 269m as of H123 verse 16m as of FY22?
Can anyone tell me the AISC, the price of silver prod oz and gold prod oz?
Thanks Mike your posts are very helpful
2fartcatz the Head of investors relations is Ilja Graulich who posts on this chat as Tharisa. He has not answered anyone's questions or concerns but instead threatened us all with legal action for asking questions. I really don't think emailing him is going to result in a better response than what we have received on here, perhaps you should go first.