Member Info for Ken23

Dasut,

yes that 6040 is mean 39ton bucket capacity i recon i could get nearer 50ton per load if it was damp clay haha

BTB,
yes very interesting link, it seems theres so much paper silver out there that in the end it will go bang when they cant deliver

Mr T,
Yes I thought I had read it somewhere about the machine left in the blast zone well found.

DASUT,
I always say 2 heads are better than one, there’s a lot of info out there and sometimes you miss an article so I will always post it.
Atb

You guys may have already read this rundown of equipment that capital will be using.
It gives a lot of detail if anyone’s not already seen it.

https://im-mining.com/tag/sukari/

Morning Mr T,
Yes if I remember rightly they left the LHDR within the blast area which damaged the rig, consequently they didn’t have a replacement on site so had to wait for the parts to repair it.

In my opinion that was a very elementary mistake that cost a bloody fortune in lost production, so I hope they’ve learnt by that mistake and never let it happen again.

I agree with you in the hs2 that money could have been put to much better use, I think the cost has at least doubled from the initial bids which is crazy

Yes I fully agree with your analysis, the mine has to keep producing, therefore subcontracting the work out is a very wise decision in order to put their expertise into extraction rather than just loading trucks with waste which is non productive.

I’ve actually done this myself when the labour force I have on board is not enough to get the job done in time, as you will be well aware a lot of construction work has penalty clauses if your part of the work isn’t completed on time and this can be very costly.
I believe capital should be up and running by end of this month

Mr T,

The thing is with machinery of this size it will only really go at one speed and that’s flat out as you need the machine at full reves to dig efficiently there’s sod all the man loading can do anything to speed it up as this sort of structure will already be operating on a shift work basis so the mine is producing to its maximum ability, well that’s my view on this type of business it’s not like a construction site where noise and other factors come into play especially in the UK for environmental reasons and restrictions.
I mean sites I had I couldn’t operate until 08.00 hrs
I don some basic calculations based on the loading capacity of the 6020b and it would take approx 4yrs 1 month to move 120mil tons if constantly loading the dump trucks 24 hrs a day so capitals contract for a period of 4 years is prety much spot on.

Super,
I certainly hope gold and silver keep climbing as I’m heavy in both FRES and Here in CEY

Mr T,
Yes i understand what your saying with regards to EMRA, but surely its in their interest as well to limit damadge and get thngs back to normal production, i mean with big mining compannies production is paramount.

They only need 2 or 3 drivers per machine to run it 24 hrs a day well thats what i would be doing had this been my company, i mean the wages of the drivers are insignificant not even worth thinking about as the current gold price is such an important thing i mean theyre making $800 an OZ after yo take away the AISC.

Its a no brainer to me, haha perhaps i should apply for a job LOL.

Mr T yes very impressive mining shovel machine plus 17 dumptrucks which carry around 140ton so they realy mean buisness in moving the waste pile which i belive is approx 120mil ton.

Well i think that being CEY have made some mega profit this year and with that 6020b costing around £1.2 Mil wouldnt you think it prudent to buy 1 themselves, im assuming that Capital have funded the first machine, so at least theyve got back up and the posibility of moving the waste a lot quicker allowing them to start the west face a lot quicker being as gold prices are at a great level.

The outlay for this new machine would be tax deductable so on a cost basis and to improve their current wall movement this in my opinion would be an absolutly great investment.

I speak from experiance in the earthmoving and excavation buisines i ran for over 35years and always used to do my machinary buying in February& March when i knew exactly what profits had been made for the year.

Have a great sunday guys its now snowing heavy in Kent and good luck tomorrow just keep the faith in CEY they will improve.
ATB
Ken

https://m.youtube.com/watch?v=VnC04Wj8_es

The above clip shows the mean loading shovel
I’ve driven some large excavators in my life of construction but this
Is a beauty that I would love to have a go at for a day a 254 ton monster
Now come in guys get her moving

Morning all on this board,
I don’t post much but do read all the information and comments on this board as I’m a substantial holder of CEY.

SIKO, as has already been mentioned your information is very important to the members on this board and I read every bit of information you send through along with all other coments.

It’s then down to me to put a picture together based on my own research as well as info gathered from the board to make my decisions.
I must say this is a great board compared to a lot where there’s a lot of infighting along with ****ging matches between people which to me is a total waste of time.
All keep up the good work
Regards
Ken

Carve, my thoughts exactly and I did read that debt was reduced in H1 from over 400 mil to around 280 mil so basicly this years earnings could wipe out their debt if they wanted to.

The new mine has started its first production and capex has fallen this year so in my opinion thiss should be trading in the 1350 to 1500 range

Sorry the figure I put down as EBITDA for H1 correction it was $321 mil gross profit that also goes for H2

Morning all,
I’ve been doing some calculations on FRES f/y financials that are due out on 2nd March and going by the price of silver and gold average for H2 their EBITDA is around $725 mil well add that to the H1 which was I believe $320 mil so their results should be very good.
What I can’t understand is why is the share price so depressed from what it was in previous years when silver and gold were nowhere near the spot prices they’re currently trending at.

CARVE yes good info on the SLV holdings cheers.
Ken

Carvey,

Just read through your post you sent on 27th RE profits and im in total agreeance.

I cant see this going below 950 again and think that was one hell of a tree shake the other day and probably frightened a lot of holders into selling, but my thoughts were that profits are going to be very good so hang in there.

Carveg,

Thank you, very much appreciated i will have a look back to find your post.
Ken

Good evening all,
I am currently holding a fairly substantial amount of shares in this company so wonder if anyone can help before i do my calculations on fresnillos AISC for the year 2020 in order to calculate an approximate profit for the year.

The average silver price for 2020 was $20.69 which is 47.44% higher than 2019 so im assuming profits will be fairly good on March 2nd when y/e financials are relesed.

Any help on this would be much appreciated and save me a little time.
Thank you in advance guys and if theres any girls you as well.

ATB
Ken

Just thought I’d pop in to say hello, so hope all you folks are still fit and well.
If anyone’s been unfortunate to get covid I hope it’s not been a serious bout.

I see a post from Joker hi mate ye I missed out on KAZ.
But made some money there on the way up from the bottom.
After I sold out there I went into FRES which was my main holding.

Hey mate if mine said to have a look at the GGP board fek me they doing over 400 posts a day and there was this total nutter on there yesterday I think he or she was called Bot face or some sihite like that well they Gita be on drugs or some serious stuff that messes with your head.
Anyway all the best guys and galls, stay safe and be happy. :-))

Thanks for info on RMM.
No I haven’t bought any of these but just bumped into it when scouting around for a wee punt on something.
The spread in its huge so I will probably give it a miss.

Anyway hope your birthday went well
ATB
Ken