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I think we'll see confirmation of being net cash positive in the Q2 results, especially as cash generation in q2 will likely dwarf that of Q1.
Of course it's real, they've been receiving it each year since producing with $1.35m received previously.
'Imminent' to me always meant that that was what was coming next, i.e funding coming from this rebate rather than a placing, so far so good on that front although the longer it takes I suspect the slower any on the ground progress is made.
If the next update shows they are still only at ~1000tpm/12000tpa they should probably stop putting out the nonsense spiel of targeting 400000tpa by the end of this decade.
'ARB missed its only chance of a lifeline when it failed to do a placing when the sp surged above 30p'
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Ahem, I think you'll find that the sp 'surged above 30p' and peaked at 35p on the 2nd of Jan and by the 8th of Jan they had got a placing away at 20.5p - problem was they only managed to £7.8m which wasn't enough but is understandable given their outlook.
Over 18 months they have sold Helios for £54m, £11m worth of brand new Bitmain S19j Pro's, £13.5m combined from two placings and £4.9m for Quebec data centre and still they find themselves entering the halving with considerable net debt and minimal cash reserves.
The Shanta acquirers were very clever to get the ball rolling through 2023 and pouncing in December before the really big moves in gold were seen and looking back you can start to see that Eric took his foot off the gas from about the summer onwards, presumedly because he was incentivised to keep attention off Shanta.
If the same had been attempted at Serabi then i'm sure they'd have got a sale away at around 60p but now the gold bull run is well and truly happening by the time something similar is worked the Serabi share price will probably already be close to a pound and a premium on that would be needed - whatever happens SHs will gain by holding at these levels.
With enough time having passed since the placing rns, with news from the drilling campaign on the horizon and with the long term copper forecasts starting to show signs of playing out as copper trades around 104w highs I think this is as good a time as any to top up.
He can't really go into the details, didn't you hear? My guess is his highly sophisticated AI creation automatically gains access to company software and feeds back key information from executive level meetings - it's called AInsider
How do I sign up?
I think SRB is getting closer to 'fair value' now but fact remains at such a gold price they're going to be producing ebitda not too far off the current mcap with those funds being put straight to use towards the next production level of 60k ounces.
Still room for 100% upside from 60p in 2024.
60% of the cash has been spent but a third of that was on YG to start with. You then have considerable costs associated with the dispute, you have 'rightsizing' post covid with significant covid stock write-offs and then there's all the R&D in which there's always a lag to see results + the costs associated with integrating YG into the wider group.
Looking at it from a more positive angle ncyt STILL have £44m after all of the above + £8m vat reclaim if dispute is settled at nil + £70m of unused tax losses for when they reach profitable i.e no tax to pay for the foreseeable.
That's true but whether or not it's 45%, 40% or 35% revenues are going to fall and Argo are not in a position to manage that what with having sub £10m cash/cash equ. and £45m debt, no remaining saleable assets and a fleet of machines that will start to flag.
Argo can only be sustained if BTC obliterates that reward/difficulty relationship so much so that they are able to generate cash rather than burn it - possible but unlikely and it would only be short-lived as difficulty would then start rising again and Argo can't grow themselves.
What IES has going for it is being arguably the best placed non lithium battery manufacturer outside of China - when you realise just how much business there is to go after over the next 3-5 years you begin to see why now would be the ideal time to partner up with IES and why they shouldn’t be demanding a discount to do so.
The problem is that this is a gold bull run, if you don't make hay whilst the sun shines you sure as hell are going to struggle when the clouds descend.
2020/2021 was very different not just because we were in the midst of a pandemic but because AIM was in a multi year bull run whereas now it's the opposite, liquidity is at all time lows.
Keep it realistic. Whilst nobody can say for sure the sort of SP of the covid highs is not going to be seen following the dispute resolution, even if Novacyt win it outright. A spike to the sort of £3.50 level would be absolute tops in my opinion but even that I think unlikely, much more likely would be a value a tad above the cash position with appreciation quickly following if successful execution of strategy starts to be seen.
I think they had to after giving the four to six week timeframe and the cash runway closing in on them - without this rns I'm sure the share price would have capitulated over the coming weeks which might have changed the strike price of these forthcoming deals
See for me DKL are at a very critical juncture, and have been for the past few months. What with the palm oil business being profitable, the indebtedness and the market backdrop what comes next is either capitulation (and we're talking 0.5p) or a rerate to a higher level (perhaps 3p). If the cashew operation doesn't start pulling its weight or the CPO is unable to carry the whole business and funding is therefore needed to service debt then it's coming at the steepest of discounts, in a dilution to oblivion type scenario. However if a clear turnaround is seen and DKL are capable of self funding their way from this point onwards then a £20m+ mcap / 3.5p a share is easily achievable.
I don't think these directors are the types to toss their cash down the drain hence my optimism increasing following these recent purchases.