Member Info for Guvvi

Been here for years and nothing but nothing seems to do much for the share price. Very frustrated !

I've stepped in and bought some.

Except i suspect you just need to alter your agreement slightly to avoid it being classed within the realms of being a DBA. I highly doubt this will undo an entire industry where access to justice is always to be encouraged.

Https://www.lawgazette.co.uk/law/shockwaves-as-supreme-court-rules-litigation-funding-deals-unenforceable/5116775.article

Reading all the daft suggestions of bear raids, market makers controlling XYZ and the like i thought i'd highlight why the drop in price today.

Decision above came out late morning and made news regarding litigation funding enforceability.

Im afraid the option appears to be worth less to me.

At 8% its worth about 7.35m dollars. At 10.5% it'll be worth substantially less and you've still got to turn that into sterling... And Ascendant have got to actually pay it sometime in the future...

Yep we are effectively 2 months from full production now at Kouroussa and it drops. Crazy action.

I wouldn't bet against it...

Find me a project that sold even close to the NPV in a DFS. I've been through this on here about 18 months ago... I can't find one.

You confused a Q with an H ?

No idea but 5% is long gone.

Just being conservative and even if i meet you halfway 128m dollars of debt out of all cash we don't need from exploration or other necessary ongoing capex is a lot.

Solid update though im pleased overall.

BillBoy firstly thanks for all the updates, i read them in detail unlike a lot of what's on here...

Gross debt of 128m dollars and reduced output at Yan but maybe 30,000 ounces from Kouroussa. Hopefully we don't do 20m dollars on capex each quarter too ( im sure we wont... )

I can see inroads made into this debt by end of year but its very high still. Even during next year if we are conservative and say 150k ounces from both mines we've got some very chunky debt to pay down still. Not a lot of room for error for Yan over the next 9 months and the Kouroussa ramp up.

I'd be happy just hearing that they've been able to deploy most of it sensibly. LCM could be of interest to quite a few funds now with a small dividend and fair value accounting which is going to make it far easier to understand at a glance.

Going to be an interesting couple of years i think.

Not sure exactly but i'm very surprised this hasn't moved more. Between Luca, the FS being close and the multiple ECA offers that have come in to help finance LS i'm amazed this is where it is.

The arrival of Evraz is the only sell signal i need ! ( joke )

Bismarck don't worry mate there must be hundreds of us in a similar boat. I started buying at 36p one stupid day a long time ago. Then loaded up all the way down to half that price. Then bought even more. Then i stopped buying as i thought i was an idiot.

Buy I've never sold a single share and my average is like 18p.

It's looked cheap for ages but we haven't seen the cashflows yet, we still have to be patient. I hope we all make a decent return but your story is very common i'm sure !

Evraz - im a happy chappy for sure but im not yet happy enough to agree that management have done a wonderful job here. :))

It's still very cheap though if you ask me.

The truth is as Bushy says. Neither 30m or 80m is right in isolation.

But if we all have a stab at the balance sheet in 2 years and the anticipated FCF at that point the number will write itself. Personally i think if the FCF is anything like we hope and DB suggests the market cap could be huge in which case 80m today is still very cheap.

Only time will tell whether the market agrees with this though !

Very annoyingly the market cap is fairly decent but the dilution leaves us with 13p! Anyway take what you can get and wait another 6 months or so at the moment.

I wont be in profit until 19p ish so the wait continues !