Member Info for headder

Funny how an article from the 8th April about Wagner eying up barricks gold mines gets recycled on mining .com yesterday and all the Mali exposed gold stocks sell off .......

I may add but want to see what happens after the ex dividend date. Not expecting a whole lot from the buyback, from the first day, looking at the increase in ordinary trades, would seem it may offset the algorithmic selling somewhat. Do you have a relevant Buffet quote to share which applies to the situation here W.B Junior?

Just another example of management bleeding the companies finances while they likely also steal gold from the smelting room. Probably just talking to paid bulletin board posters from China anyway.......

After yesterday's market making, looks like the likes of ajbell etc. went hunting for stops as there has been a lot of buying in the £1:10 area, which hopefully means the shares are rerating and will consolidate in that area. At the previous highs last year, noone was buying at the top.

Thought about selling but once I looked at the widened spread I could see the price drop was due to market makers trying to take your stock for £1.02 and sell it back to you for £1.05. obviously, if the shares traded higher it would have been another story but, for me, seeing the price hold that level it looked like an easy reason to hold as I'm not a market maker.

Strange, Fres is up too & silver price broke down today only to rally after to a new daily high. Coeur, another profitable company which mines silver amongst other things is up too.

I guess we'll be watching to see if the price of Silver can break above the 200wma along with gold retesting highs. Someone is clearly after high quality silver exposure and they have a lot of money!

Tamesis partners are cra'ap Rivaldo and dumbed down for people who only spend a brief time looking at company earnings, i'd take their spiel as a one sided coin. I can confidently say they have added no value to the share price!

Why Brent (East Brent, Brent Donnely, Brent knoll?) is trading higher Tom111;

https://www.independent.co.uk/news/world/middle-east/houthis-british-ship-gulf-aden-b2485666.html

Not that it has much bearing here, I guess a bounce off the 'un noteworthy' news today was just the markets excuse to bounce off the oversold and beaten down share price.

Which is a bit of a dilemma. You see a famouse playwrite once wrote; 'to top up or not to top up, that is the question.' hehehehe, Nahh.......

Just had a look on tanking rates, could potentially tank to Texas for 7$ a barrel, assuming a full 0.5Mbbl load.

Seems too cheap though;

https://www.marinevesseltraffic.com/2013/07/distance-calculator.html

& day rates here;

https://www.freightwaves.com/news/shipping-fallout-from-red-sea-crisis-spreads-to-product-tankers

I prefer (from this business) to use the cashflow statement to determine whether I want to stay invested or not;

TTM cashflow = £42M (price to cashflow = 4.23)

And also of note is what's done with the cash;

TTM investing activities = £44M

So, basically we have a company which could buy itself every 4.23 years, which has been generating a return on invested capital of 20- 25%.

A similar business, Nort American Construction, with similar growth metrics & double the debt/equity ratio trades on a PE of 12.5. That's 60% upside from 93p plus the reassurance that the business should keep growing given a healthy environment & there are liquid investments worth circa 40M$ which could be used to fuel further growth such as a 3rd mining contract which has been previously mentioned if you assume something is lined up already for the centamin equipment of course...

Don't quite understand why to use the ev/ebitda ratio though if i'm honest.

Yes, you'd think they would have a renegotiation of the credit facility in place pretty quickly which should be positive because it means they don't need a bridging loan. Next week?

Fingers crossed for a 0.25 cut in March. Airlines have started to see a waining of momentum, auto inventories are ticking up, durable goods spending looks good but food spending is below trend but positive. Not sure about other sectors, maybe I should make a chart deck....

10p

I hope your right; https://vanadiumprice.com/ Vanadium price seems to have flatlined now, worryingly while the steel price has been rising! https://tradingeconomics.com/commodity/steel

Given the lower spot price and the current, forward purchased ore, will be sold at a loss and the fact the fesability study keeps getting delayed could mean that there are some difficult problems to overcome to meet economic targets, where we don't know what effect the extra vanadium supply will have on the market and how profitable the plant will be going forward, ie -> can it afford to pay off the bonds at redemption?, I personally am not willing to re-invest until more is known, hopefully in the next financial results.

I'm sure MM's will use the low liquidity to bid the price back to 9p though......

Looks to me that the liquidity hasn't arrived yet for anyone wishing to exit. Which means I am in no rush to add. Thought I caught the bottom before but things seem to get worse. Maybe waiting for some accounts would be a better strategy. To see the write downs & whether the cash covers expenses?

After a quick scim, isn't this announcement already in the broker estimates out to 2025, along with the other 10 assay units yet to be officially contracted?

Selling services to newmont would be new, no talk of that though. Also, having a significant beachhead in a lower margin market compared to Africa is hardly an excitement. Except for chryasos units ofcourse........

O.K but let's remember most our revenue (as with $mdi) comes from gold services, and gold is correlated with dollar index and interest rates, which everybody thinks (including the fed) will drop in 2024.

Anyway, as a protest to the seller, which since end Oct, who has basically kept us pinned at 77p, I have bids at 77p. If they wan't to sell, they will lower the bid so as a word of advice, bid under ask as you don't know how long they will take to clear and if enough volume sits under current price they will likely take it.

For what? Maybe getting a bridging loan, prior to perhaps securing a finance package which will include paying back said bridging loan?

Well thankfully those shares got converted at 9p recently so hopefully there is no need for a raise assuming the concentrates are 'sorted' and the q3 update wasn't cleverly worded like the 2.3£M CLN conversion.

Major drilling has gone from $7.60 to $8.70 in the week since earnings. CAPD? pinned at 79 by a large seller!