focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Just sold my 90k shares should’ve done it sooner but just about broke even given I’d bought in lower but re-added following RRE buyout.
Will hopefully now jump back in at a later date as currently seems only to be downside risks
I think given there was an expected 10% drop in productivity compared to March’s results I’d expect production of around 14,000 ounces of gold.
There will be some cost savings so it’s hard to determine costs for the quarter.
Overall I’m expecting a broadly cash neutral balance but could see a profit of say 1-2million.
However, when you consider interest applied to the loans we’re certainly still going backwards.
Given the desperate debt situation the philippines faces now we certainly don’t want this to end up being referred to the philippine government as I’m sure they’d love to take back a gold producing assest at this time.
It is therefore in the major shareholders interests and ours that a realistic and fair proposal is put forward to aleviate the current situation.
It’s true just silly games right now i mean we don’t even know their demands..... or who is making them.
As soon as this is behind us we’ll re-rate to reflect the gold price. Some give and take required and we’re on to a winner.
Offloaded my 1258 shares today 8k to 23k i can’t complain in normal circumstances probably would’ve gone from more but you take what you get.
I had taken 2 loans for 8k each when the oil price crash happened got in here at £6ish and PMO at about 17p needless to say my proceeds of this allowed a top up on Pmo of £11,000 and repaid the loans.
Indeed thanks Les,
At the end of the day we all want a fair resolution for all parties involved so we can enjoy the success of the company.
To do that we need to ensure that all contact continues to go through the action group and any and all things asked of us takes place as it’s in our own interests.
I feel like it’s really clear now there is some disagreement between the two majors, best guess is the smaller party is afraid of the bigger party being able to pass resolutions on their own and probably ultimately losing money or being forced out.
Just my thoughts but to me it’s the only plausible reason now
So Price of oil rises heavily and share price does F all, hmmm makes sense