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How long does full rehab take....does plant lose more production days for rehab? If they can get to positive cash flow oct / Nov... might have a chance. Crazy thing is... this would have higher enterprise value if it was just a pure explorer with this proven asset and no production!?
Lot of disappointment around the 300 to 500 bopd targets... understandable fall in sp....but on assumption Mayan doesn't require funding (near term cash breakeven,block & pqe investment sales if necessary) then if business reaches 200 bopd in 2019 it should be making annualised profits of c.£1.5m... suggests big sp upside as operations come together.... limited risk from here. Once profitable plenty more oil to go for....could therefore generate significant further upside. Scope for 0.7p short term once news of production in excess of 80bopd.
Think this sums it up....despite potential extra nickel supply from indonesia still looks like a deficit into 2019 anď beyond as long as demand remains firm in China. If deficit pushes prices towards $16000+ then this should be huge help to hzm heading into financing discussions....or becomes v attractive to one of the current shareholders...imo
https://af.reuters.com/article/metalsNews/idAFL3N1VY5LN
Think this sums it up....despite potential extra nickel supply from indonesia still looks like a deficit into 2019 anď beyond as long as demand remains firm in China. If deficit pushes prices towards $16000+ then this should be huge help to hzm heading into financing discussions....or becomes v attractive to one of the current shareholders...imo
https://af.reuters.com/article/metalsNews/idAFL3N1VY5LN
Anyone got thoughts about Indonesia's capacity to significantly increase nickel output and possible impact on nickel price?
Key issue is refinancing / funding the loan repayments by December + sufficient capital to ensure sustainable production. Get these done then once operating at 60% (or more... was already higher in june) of capacity will start to generate significant positive cash flow that will make this a multi bagger entry point even if some dilution imo.
...and btw if funds are required to get to the bopd targets sell block, and PQE investments.... I can invest in those myself directly if I want to.
A lot of noise here....understandable given dosappment with previous guidance / expected timing. To decide whether to buy, sell or hold....two questions need answering...what level of bopd justify the current market cap (or higher)....and is there a realistic route to it. If 80 is cash b/e.... then another 80 bopd would generate approx say 80 x $45 after marginal costs x 365 = c.$1.3m cash pa. I would guess this would support at least the current market cap. With the number of wells and acreage Mayan has available is a net 160 bopd possible in the near term? If it is then the current price could yet prove a big opportunity..... it would be useful if the company could point the way to this with timelines. Also useful if they could scale the potential....once positive cash flow is achieved...is 300 to 500 bopd a medium term possibility from current assets... without fund raising.
CRA has the rights to mine a huge high grade copper deposit. Its in production....its not an explorer. Get on and raise the funds required to get this near nameplate capacity generating significant cash flow.... anf it will be worth multiples of current market cap ...and good news for current shareholders even with some dilution. Get some energy into sorting it out pronto...and communicate the potential.... and over deliver!
process plant gets fixed and a few extra tonnes of output.... then you'll see an interesting chart
The copper is there...from the rns they can clearly mine the ore... the investment case (and funding) is all about the plant...with spares can it process 2x current levels in next few months?
Can that plant process a stable 1000t per month - can it????
If it can get the plant to nameplate capacity a reasonable cost and has the funding for the capex and operating cash outflow until b/e at 450t (1 - 2 months? ) - then it's a multi bagger x 2.
So would be useful if CEO could provide clarity around those two things - 1) Funding and 2) route and timing to something approaching nameplate capacity.
It's quite simple... what do they need to do to achieve production north of 500t per month .... Better quality ore is part of it... if they can prove stable production above this level then there is still a big opportunity here... all boils down to operational capability of the plant and at what cost... just how feasible is it to get the plant producing at 500t+ per month... this is what the company need to be clear on... c.30t per day...10 days maintenance per month... feasible or not... when?
Anyone know what breakeven output is ... or what profit is at target output of c. 1300t com?
Can sell whatever you want at .53 but can't buy. mm taking stock to push higher?