focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Bushy, I'm not sure above had any idea how long the fire affected operations.
200kpa is only achievable if everything goes right, and it inevitably won't. A fire causing mining operations to cease for 10% of the year shaves 10kpa off that total. Throw in any other "unforseen" issues and it gets whittled down further.
Let's face it, 200kpa is a pipe dream that DB will never achieve, resulting in further capital raises as shareholders pay off the debt
Unfortunately, yes, delays do matter when you have a debt repayment schedule, since any failures at this point will necessitate significant further dilution. I'm shocked ppl don't understand this. DB just gave away 30% of the company because of delays. Any further delays at this point will involve selling more of the company away, and PIs will inevitably be left with nothing.
So there's been another 4-6 week delay in achieving commercial output due to that fire...
These issues will keep cropping up and it'll be a while until they get there, if they ever do.
Not saying the fire is their fault, but they have historically found a way to screw things up, and haven't yet learned to underpromise and overdeliver.
Expect very little from Kou for the foreseeable
It's not that I expected a quick return - this has been gone on for years now.
They've been fully funded and then rather significant further capital, more than once. The fact this is 30% BELOW the recent placing price says it all really
The market is judging this an 80/20 rather than 50/50, imo. The 11.26p equity issue has not formed support - we're 30% below what CIG paid as the market figures they've made a big mistake on HUM, throwing good money after bad.
Ppl on this board should stop assuming the market is wrong and that the lying CEO is right. HUM will NEVER make 200k ounces an annum
Lew, nobody trusts these guys. They raise capital and never actually deliver value.
It'll just be more debt, more capital raises, and a dwindling share price. Get out while you can still get something, this is like most other AIM commodity companies: just a lifestyle vehicle for management
Yeah but they only hand over that info to a bidder, whereas saturn effectively had inside info before making a big, right?
The lack of proper detail to outsiders is the point. It ensures nobody else will bid
Thanks for that advice
Appreciate the reply. AIM is disheartening. Seems the biggest cap names are experiencing the greatest returns. NVDA is up about 400% over 18 months
How do you know this won't take 6 months? Serious question.
I agree that 4% on £200k is good going. But surely you invested that amount because you wanted exposure to the gold sector, and not a risk free return?
The money I had in SHG was NOT my risk free, cash pot!
Free money when? When they decide? How long might that be?
6 months of "free 4%" isn't really worth much unfortunately. When it was 5% in 2 months I could buy the story, but an indeterminate amount of time with a dwindling return is less enticing.