The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Except gold is at 2070 & climbing. Lol
Also, as has been mentioned many times, what matters is getting the gold out the ground. And that seems to be the stumbling block.
Will HUM EVER get 200k oz pa? Highly doubt it
Am I right in saying it's gone from 5% guaranteed in 2 months, to 5% less than guaranteed in 6 months?
Can see why people are bailing. With gold at these levels there is a fortune to be made in this space
To be fair, volumes are so light that you can't but a huge amount for below the placing price, or the NED would presumably have bought 1m worth in the open market.
That's the only silver lining, really: that those closer to the coalface are willing to stump up considerable amount of money at a price above the current SP.
But as we see at SHG, the minute this actually becomes a success, there will be a takeover and retail shareholders will be left breaking even at best
No wonder they're hedging so little or their production! They genuinely aren't sure if they will produce enough to hedge any more! Q1 with Yan and Kou could look like Q1 23 when it was just Yan! 25koz from both mines together.
A phone call? Can't we do it online? What's the deadline?
Wow, that's even worse than expected! They were estimating 10000oz from Kou not so long ago! Not they are anticipating 2000 in December a VERY long way off 10k per month. Deary me.
And now they anticipate full production "in Q1" rather than from the start of the year. Also note that in FY24 they aim to achieve a production profile of 200kozpa, which means they no longer anticipate actually producing that much. It just means at some point (probably after Q1, given how useless they are) they will hit the rate required to eventually achieve 200kozpa.
A woeful update. Does anyone actually think they'll hit 10koz per month in Q1?? Surely not. I highly doubt they will ever meet targets, and the debt repayment schedule will get pushed out.
When's the next placing? 😂
Yeah, it's no wonder AIM is a dying market! Liquidity and valuations on the floor, which can't be good for the economy at large.
It's just FILLED with incompetence and a genuine disregard or contempt for retail shareholders. Quite something to witness actually.
I guess the politicians have the same attitude!
I guess this is partly why companies have nothing but disdain for retail shareholders: they are mostly idiots and very easy to take money from
Not sure it's got anything to do with race tbh. There's a general disdain for retail shareholders
How do we organise a campaign? How do we find all the shareholders on the register?
Yup. Spot on. This will be my final, final attempt to make money on AIM. It's a dying market because management is typically corrupt