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Is it the best idea to go to the plant during COVID times? An outbreak could set production back by months and leave us all waiting for that much longer. Perhaps we could ask the management team for more photos of the plant and the work that is going on.
GIT - Glad to see you're coming round to my logic from Monday. I would still re-iterate that it is unlikely that we will go from ~72t (for full month in June) to 94t in July, regardless of increases in quality. I do however have growing confidence the 880t target will be met, if not exceeded, by EOY.
All, whilst I am very excited to see things moving in the right direction, I do feel the need to urge caution here. At 110t, we will be on for 660t for H2 (if constant). That will hit the 880t target for the year without the need to ramp up production or go to a 7 day working week. From ~72t for the month in June (without shutdown) to 110t is unrealistic. We are just setting ourselves up for a fall here. Gradual improvements rather than seismic shifts. Let calmer heads prevail and hope for ~270 tons for Q3, 80-90t for the month of July.
85 would be a hell of an achievement in my eyes.
If we average ~91t monthly for Q3 then ramp up 40% (7 day working week from 5) in Q4, we hit the T2 target of 880. If 7 days working week starts earlier than Oct 1, we will be looking higher than the lowest estimate.
Have you read the report GUG? Last sentence shows we are getting an update in August on July mining progress. Why would a company volunteer a production update unless it is promising news..? This quarterly update has been provided 15 days into July, surely they know the numbers are looking good already and have an indication of where they will end up. Onwards and upwards.
Kadlex - unfortunately the newsletter won't provide tangible new information as anything big will have to be via an RNS. The market doesn't like radio silence and 7Dig can't provide any updates in terms of commercially sensitive contracts and financials. Frustrating is an understatement. Hopefully something will change soon.
Luther Pendragon are Financial PR guys for 7Dig (named on RNS). I understand and agree to a certain degree. Informing of financials of a deal will result in a race to the bottom on pricing with competitors. It is a shrug off, but they can't mislead shareholders. If things are a **** show behind the scene, they would have to inform us. With that in mind, and as mentioned in the financials thread, no news is definitely not bad news.
Hi guys - like the majority of us, I am puzzled by the sudden decline today. I sent Luther an email (Financial PR company) asking for more information, insisting that the radio silence isn't really good enough.
"...we full take on board your point that perhaps the company needs to communicate better. However, as Paul said in the last investor call, the Company is not always allowed to state the financial information of each and every contract win. Also, some details are commercially sensitive."
Additionally, when prompted about the expectations surrounding contracts etc "...If a company doesn't say anything, then this means that business is progressing as per expectations." Sounds like 7Dig is doing OK to me.
If the company can't release any price sensitive information, would this mean they are in a closed period for Director dealings?
Jimb2,
It was this thread from Saturday - really interesting and exciting stuff - led me to believe there was news on the way. Specifically a point around the April 2020 RNS. If I have read too deep into the thread, fair enough. Just a curious question from someone who is new to the chat.
Apologies if I have touched a nerve with some of you. The main point I was alluding to was the tracking of ships and the expectation of an imminent announcement. For the record, I am a new shareholder with KDNC and I believe this company will be a strong performer.
Bit of a novice here, can someone explain to me why there is chatter of a solid share price jump in the next few days / weeks? Based on my limited abilities, I am struggling to find information that would support that.
Tencent are under the regulators microscope in China at the moment. Hope I’m wrong, but I wouldn’t bet on a deal happening there at the moment.
Kuaishou results 23 March - should give us an indication of volume to apply to the latest announcement.
I am clearly new and finding my feet on the notice board. Not sure what joy your getting in your comments, but good luck to you. I am asking a question to a group of people who I would expect to be in the know.
Is this stock not primed for a takeover? Surely Tik Toks parent company (ByteDance) should look to purchase a sizeable chunk and in doing so take a larger portion of the market share. It does seem like this stock is going somewhere, but at the end of the day cash is king and this stock isnt making any real money...YET!
I thought it was really positive and informative. Good to see they are being more proactive and getting more information out to us all! Long may it continue.