Member Info for mattwales

its a fact that their total costs were £20635551 for the year ended june 2013, its also a fact that they produced 22383 ounces at GBP921.9 an ounce that is if you can calculate and its a fact that the exchange rate is around 1.66 so please tell me how my cost figures of around $1530 an ounce are wrong.

as at final results in P&L account Cost of sales (12,603,799) Other operating expenses (1,563,781) Administrative expenses (3,923,266) Finance costs (2,544,705) total costs (20,635,551)

a 10% increase in production would bring their costs down to $1390 an ounce assuming no increase in costs, that's if they can achieve that, 1st qr was 5836 ounces which was less than 1st qr 2013 at 6008 ounces.

the companies costs were $1530.14 per ounce or thereabouts for the year up to jun 2013, how can they be making any profit when prices have been $1180-$1350 since july of last year? if prices stay at around $1240 an ounce they making just under $290 an ounce loss equating to a loss of over £3m and no RNS about costs cutting.

last year total costs £20635551/2013 production 22.383 ounces * gbp/usd ex rate 1.66 = USD1530.14 per ounce costs,....now take a look at the gold price.

what profits? revenues are going to be around £5.5m less than last year at around £17.3m unless gold prices fly, how is this a steal? how will you feel when your £2m plus profit becomes a £3m loss as the companies costs including financing are £20.6m!!!!!!!!!!!!

with good reason, someone tried to pump this all over the SULA board professing a PE of less than 3, what a load of *******s.

don't understand why people quote past results at much higher gold prices. Revenues of £22.8m last year will become around £17.3m this year unless gold moves up (based on 5836 (jun to sep prod) x 4 x $1240 / 1.66 (usd/gbp exc rate), so revs of £5.5m less than 2013.

from 1st Jan till 30th June they made £96000 when gold price was between $1700 and $1200 for that period (their average selling price must have been around $1450-$1500) and they made only £96000 on around 11000 ounces so making around $13 an ounce. Contrast that now with prices of just over $1200 an ounce and this is perhaps losing anywhere from $200-$250 an ounce, unless they have cut costs and see no mention of any of that.

looking at results between interim and finals they made less than £100k in the 2nd half and gold prices are down from then so its now presumably loss making.

15000 shares just after 3pm and not showing which is weird.

just wanted a short term trade, am out again now just in case we retest 1220 which we may do closer to the 17th.

at 38.52, hopefully gold can break through $1230

why would anyone pay sky for movies when u can stream then online for free and watch the movie 6 months or more before being shown on sky, even sports are now being streamed free online. Sky seeing this have now started NOW tv but why would anyone subscibe to a payment stream service when you can get all of this for nothing is beyond me.

http://www.quindell.com/images/uploads/irdownloads2013/20131023_GECR_Quindell_Update.pdf

has anyone checked out QPP a software and solutions provider in insurance? For full year 2014 they're forecasted to turnover £710m with profits of £205.1m with a market capitalisation of just £696m currently. On a PE of 5.3 for FY2013 forecasted to fall to 3.4 for FY2014.

ENRC turned down a takeover approach from its co-founder in January, the price was rumoured to be £4 a share.