The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Exactly last year they produced around 13kbopd, q1 2024 they produced 17kbopd. So already massive improvement. Adding 70m to mkt cap will add 50% to share price.
They are doing ok, akatara will be up in around 8 weeks.
All the money from WG has been spent. Imho
SD disposal looks like it will take time, if they spend another 1 year trying to sell that then they would receive less cash. As most cash would be spent on admin fees etc.
Very dissapointing Sdx so far..
1.4m of that is going to tax liabilities.
So they will get 5.2m dollars, 2m from there to pay for current drill and around 700k of interest to aleph for the year.
Why is sd taking so long?
Tom we have 540m shares now.
Point kalan was makin that with revenue of $425m, jse sp was 80p end of 2022 and that equated to £360m mkt cap.
Now revenue expected to be over $600m and with the new shares getting back to £360m mkt cap will put sp close to 60p.