It's average price that matters, not a spike in either direction.
Average prices over Q4 must be close to $2000, an all time high, and SHG is most definitely making bank!
No, the 43% is before any other shareholders take up the offer. Of any shareholders do take up the offer, CIGs end ownership will be slightly below 43%. Quick maths.
If CIG already own 1/3 of the company, I struggle to see why they can't vote on important issues, regardless of the conflict of interests.
It's because spot price doesn't matter, average spot price does. Yes we're above 2000, but for hold long?
What is the Fed raises rates again?
Dan Betts has contempt for retail shareholders, I'm sure he wishes we didn't exist, which is precisely why he's on a mission to dilute us to zero.
Dont annoy the man with questions around the price we're hedging at or what we're going to use the 30m for! How very dare you
I don't actually mind the collar so much, especially if it's not yet been entered into, as it would mean locking in a decent gold price...
I have a very big problem with acting as though everything is going smoothly and then selling off 25% of the company, purely because it clearly indicates that things are not going smoothly.
Disagree Yan covers the debt. 80k @ 500 margin = $40m.
Repayment schedule says $77m. Well short.
I guess we'll see how much of the $30m they'll spend. My guess is that will keep a fair amount to meet the debt repayment schedule in the absence of making enough free cash flow on Kou
If they run into any problems with paying down the debt at this point, the share price will absolutely crater and they'll be raising capital below 5p.
This is make or break now, zero excuses. 77m of debt is due and gold is at an all time high. Failure now means you will never succeed.
Note how the placing price is providing zero price support.
Bushy it takes more than scarcity of supply to make these shares valuable: people need to want them, too. Near term upside capped at 11.26 because why buy in the market above that when you can buy via the placing?
Moreover, just wait until the placing after that to get it even cheaper!
BBG why not just wait until this is back in single digits?
There's no good news between now and January and that will almost certainly be bad news. Can see this sliding while we wait for Dan's next lie, I mean puff piece
When did Dan say mid 2024? He said early 2024 didn't he...
The reality is that they will NEVER actually get there, not for both production level and AISC, so discussion around how long Kou is delayed misses the point imo