Member Info for Monkshood

I would like to have seen some details about their cash position though.
They also have to up the number of Guardian units installed over the next half if they are to meet their targets for the end of June , they will need 6500-9500 installs compared to 4500 in the previous half.
The issue for a while has been have they the cash flow to see them through until the main revenues start to accrue - not sure I am any more certain after this update.

Looking at the number of shares held by the directors I think that the effective date may well be after the 6th March....

Any guesses as to when this will be? if it is after the 6th March then they will pay the 5.5p divi.
I assume if Redde was to go ex div then NTG would also be expected go down respectively?

I assume that it is because it is needed to meet these requirements
'under the framework of a "formal sale process" in accordance with the City Code on Takeovers and Mergers (the "Code"'
It will be interesting to see in detail who holding

Surprised Miton issued an 8.3, I thought that this was after a takeover bid? Do they know something?
It will be interesting to see if others follow,

It looks like it may settle so that 50p may be the old 70p...

There products are effective against coronavirus and they sell in China - will be interesting to see how this affect sales.

It makes the most sense for the way this has been done. Drop the price then take it private....

Not quite the fire sale I was expecting, but have reduced to de-risk.

A very positive update. It will be nice when the FCA overview is out of the way but even with the higher risk loans suspended they are doing very well.

After pondering this, as NTG goes down 0.54 to Redde going down 0.46 it would make sense to short NTG rather than Redde

Is it because link is consistently selling down Redd? Redd and NTG act as a pair now so it does not matter which you short although there must be a reason for doing it this way.

It has made up most/all of the discount from the placing on the asx - now circa 62-63p , rising strongly after an initial shakeout . (they have been locked out for a couple of sessions). It was shorted (11%) so some scope for a bounce if these now close (I assume some would use the placing for this)
The placing has resolved the debt issue although I still believe that the company needs to show it can deliver it guidance for a couple of quarters to restore trust.

Bookbuild already closed in UK and Europe - there was the opportunity for it to go on for another day - US open until 2.30 ET.
Implies they have had good demand which bodes well for things going forward, especially as BB is now around the closing share price.

I was surprised that they did not suspend it on the LSE as well.
I guess it will depend on the uptake by II's and the sentiment on the asx as to how things go in the near term. If the placing was what the shorts were waiting for and AS 1.10 is the bottom then they may start to close now although they may try one last push first.
Do you know anything about the Van Eck gold miners index? I heard that there was a possibility that they may be removed in a rebalance if the share price went too low, I wondered if the increase in MCap reduced this possibility (provide no big fall in the SP)? It was another possible reason stated for the shorts.

Agree re-last summer, should have raised when they purchased Maco. I guess they thought that they may have had enough cash flow to service the debt but some issue in September and then a bad December quarter put paid to that (although POG has been in their favour).
I think that it is all now about setting things up to go underground at Tabakoroni,

The price has now dropped to around the placing price. They do have a contingency for funding if they do not raise the full amount. If they get the full amount it seems the intention is to be near debt free by year end (if POG does not shift too much)
Guidance for the year now looks to be approx 440koz. Poor result for the December oxide circuit explained and should be short term.
It will be interesting to see what they decide to do with Bibiani now that they will have less debt and are essentially now only a West African miner.
Hopefully upwards from here (but I have thought that before!)

Suspended on the asx while they raise $130M . It is @ A$1.10 (approx 5-7% discount), will be used to repay Toro debt.
Only last week, they had again, said that they would expand the credit facility so not particularly happy about this.
The positive is that it is that the placing is not at a massive discount and it should resolve any worries about debt going forward.

' Resolute intends to refinance the Toro Gold debt facilities provided by Taurus by paying down the facilities with the significant cash reserves within the Toro Gold capital structure augmented by an expansion of the Company's existing low-cost senior revolving SLF.'

It was not misleading, the deal was not agreed until after they released the production figures. Perhaps they should have waited a day until the deal was agreed but even then production is still going on until it is handed over. They have said that they will release an update once it is finalised and signed off by all regulatory bodies involved. On the plus side the overall AISC should reduce as Ravenswood gold was going to be much more costly to produce ($1200), debt will also be reduced.

IC gave it a good write up and a buy tip yesterday.
500koz will drop to 420koz with the sale of Ravenswood. Non sustaining cap ex will be 15M ( includes contribution to new power supply), so this is finally heading the right direction. There are good opportunities to expand into addition areas adjacent to Syama and Mako. I would like clarification of the Geotech issue which pushed up the oxide circuit costs at Syama. Mako's AISC is increasing as they had the easy pickings to get them through last year.
Clearly new opportunities in additional locations which longer term could compensate for not having Ravenswood.
It will be interesting to see if they sell Bibiani. They have been rather forced into these sales by spending so much on Syama so lets hope that it is as good as they predicted.
If the next quarters report looks like they are matching predicated outputs and keeping to their costs (and POG holds) then they should start to re-rate .