Member Info for LaurenLouise2

Hi Ajones....
I don't think there is a reason why someone wants out SP low(apart from shorters)
As I have argued on many occasions this companies SP is not yet based on cu price... it's based on whether we can dig it out profitably.....

We're about to find out....

I would recommend to all holders that they look up the EBITDA calculation...
EBITDA is used as a way of comparing all companies performance on a like for like basis...
It's a measure of a companies profitability...
Note that amongst other items it doesn't include interest payments...

Why do I raise this issue?......

When I read the fateful RNs it suggests to me that we do make profits at an operational level but that we have capital issues...
I have a feeling that we will declare profits at EBITDA level this month ...
What's that going to do to SP......

RNS....
Tells me that company is operationaly viable..ie , we are making some profits to continue as an ongoing business..
Tells me that operational performance has improved following investment...
Capital is sought to consolidate companies operational gains...
Electricity prices are up and copper is lower and we are producing more and more copper.......so we need more working capital...
The mine wasn't in good shape and that's been fixed , and now we need to fix balance sheet..
This is not a profit warning...
Copper prices forcast at $9100 to 10,000 per tonne for 2022 remainder and 2023... that's 4.00 to 4.5 per pound!!
Share price suggests this is a basket case.... it's NOT..
This is a business that's being improved operationaly and financially by professionals.....

It is the companies P&L account that matters with regard to our SP.
Ore sorter.,...this will be written down over the period of its life , so if that life is 5 years, then one fifth will be taken each year against our profits...
Gold....the recent contract for our gold will not result in one big increase to our profits this year...it will be taken to revenue in the same quantity as would be sold in each year...

Copper price....no
How much profit are we making...yes
Relates to cost of digging it out...
Putin...small responsibility

Greens are responsible for our current position..
We should have reliable and cheap electricity from nuclear....
We should be independent and producing cheap gas from fracking...

Green policies are to blame and are going to prevent the population from heating their homes..
Don't be fooled... distrust the greens...

3G.....you haven't been paying attention...
Do i think our SP is tied to cu price..?

Not yet...
Our SP should be 10 times our profits divided by number of shares...
When it is,following declaration of profits....then cu price will directly affect SP...
Clear?.....

1nvest....plain right...

3G.....lots of words from you..

For our SP to be £2 we need to be making profits of £35m and have a good future forecast...
That's it....

Should have a market cap of several hundreds of millions.....

Yes Tony yes....show us three year profit forcast.....and you can have it......
120 SP.....

Blue Square....
Get a room..?
With 3G?
I think I'm on the wrong site..

Hi 3G.....hoooraah..... you've said something I agree with.....
That was.... I'm stating the obvious...
Yes I am...!!!
That's because you keep rambling (pun intended) on about stuff that doesn't matter......

When can we expect 60p again?
Well,ftseinvestor, that's an easy one....
Answer.....when our market cap is 100m......
How do we get there?.....easy....have a profit forcast in the market for this year,next year, and year after with an average of 10m....(say 5m , 10m, 15m)
That's it.....cu price is just a component of those numbers...... it's the profits that matter...
Monthly reporting?......howls of laughter.....

And 3G.....once we have a profit forcast then the cu price is very significant...
Just to keep it simple if our costs were 50%of our revenues and then the price of cu suddenly doubled then out SP would triple...
Yes it would....

3G.... it's the order of things that are important.....
We need to know in this order...revenues...costs ..profits..
Then cu price matters ,....but only then...
To make my point...imagine for some reasons that the copper we mined was always unprofitable...our copper would be worthless..and we'd leave it in the ground....so in that scenario the price market of cu is irrelevant...
And untill we have a profit forcast it's not so important...

Er no...possetwolf.....if no-one knows the costs then no purchases are made on profit expectations...so cu price practically irrelevant

Clueless.... we're only going to see dramatic SP growth and it be sustained when ii's buy this share.

3G...... you're just wrong...
If our reserves we're 10 times larger and cu was $10 but out costs were $11.... we'd still have a low share price...
At the moment costs are unknown and profit expectation is unknown, so what do you expect the markets to do?.....
How can a fund manager make a case for investing?
Now pay attention 3G.....
If we were a producing , profitable mine with a forecast of 5m 10m 15m in the market our share price would be 50p ,on a p/e of 15 ,with our p/e reducing the following year to 8.....
Fund managers will pay a premium for growth stock ,for enhanced future earnings....
If our SP was at 50p in this scenario then as the price of cu rose and fell then out SP would move a little....because there is an assumption in the profit forecast for cu price....
There is no profit forecast, so there's no assumption for cu price ....

Hi possetwolf.....not yet......
When we have profit forcasts and the SP is double or more then there will be a cu price built in to our share price.....the SP will then react to movement in cu price....
We're not there yet...

Nope...nope..
K2 selling isn't reason for low sp...
Price of cu isn't reason either....

There needs to be guidance to market of companies profit expectation.....
And/or backed up with analysts forcast...
Then boom if figures good....

Oh dear 3G..... don't shake it too hard....
What do you think our profit might be this year?
Well multiply it by 8 and divide by number of shares...
Now that is a share price that would be affected by CU price.....
Say our profits are forecast 5m 10m 15m for this year and next 2.
60m mcap and sp 35p
More forward forecasts will increase p/e more. This is a growth stock if it delivers this year.