focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Can't remember the last time the company released a real meaningful update - one that the company could actually deliver on!
The 2nd HWMer was meant to be good for the company - but in the end - It killed the company. The endless stories (as far back as 1 year) of 'a' second HWM'er, the countless re-assurances, the continuous delays, the never-arriving parts, and now the the perpetual component failures.
And then there is the initial off-take agreement. Long expired I think - yet we have heard nothing about the new one ? If there is one ?
Dividends - yeah right ! Remember those promises ?
Had enough of the useless Roast podcasts ! (whoever runs PR should have been fired a long time ago).
Would appreciate a real update. A real RNS. Some real progress.
Need a proper business update from the company! The HWM'er seems never to arrive / repair / start operations (been about 1 year so far!). No idea what the company has been doing (performance) recently. Investor interest fading rapidly. Volumes dried up completely.
https://us06web.zoom.us/webinar/register/WN_uuIUcM8ITLud2fSHF1M2xg
When you have a mortgage on your house - The house remains yours. The bank cannot just take it away - UNLESS you default. There is NOTHING to suggest that there is an event of default. Its normal for a company to borrow against its assets.
Its normal practice for a company to take leverage - and its normal practice for them to offer security. The question is how long does MBU have, what is the loan amount, and is there a risk of default ? BS cannot just take the collateral (shares) and sell down unless there is a default. This is a non-event in my opinion (?) as this is normal course of business.
Rak - The big holders remain committed I believe. No selling from any of those. Most big holders (who have been in from the start or close to that) will now just wait until production is regularised - and dividends start getting paid.
Take a look at Thungela resources. Came to market at £1.50 - paid dividends close to the IPO price - and are now trading at £14.00!
The 2,500 / day is single shift. On double shift - 5k/day = 3.1k clean.
If they mine 25 days (?) = 77..5k per month. Easily over 80K /month with the underground mining.
And that's with 1 highwall miner.
Remain confident that once the company has stabilised production - this will do much better. Timing ? - Not really bothered.
Met coal pricing on the rise also.
Volume remains very small so am not concerned about sp.