Member Info for Mulder

Wednesday at 0900 actually.

Presentation tomorrow morning 0900.

Large discount to SA listed price.

Yes appears production was in line but sales held back to sell at higher price.

H2 should see production up 50% or so...135,000 oz upper end.

So hedging brought down price received to $2,359.

Lower production would not have helped AISC.

Selling at spot price in H2 should increase gold price received by $500/oz.

Mintails ramp up, Australia project from June (up to 60,000oz)

Should see EPS triple in H2.

What I do hope is management don't take the high gold price as an excuse to allow AISC to rise from the current c. $1,400.

The solar plant is fully on stream now so costs need to be suppressed.

Something's up.

The idiots will not be including full ramp up from Mintails to 50K or the new Aussie ramp up also 50K, starting in June this year!

NG, and water stocks also fell hard.

All utility stocks down this afternoon. Reason unknown.

At these metrics forward P/E is just above 3.

$1,500 per oz margin.

At 300K oz production that's a gross profit of $450,000.

Recovery in the States.

Investors Chronicle also saying today much ado about nothing, sell off overdone.

Given where gold is, and the growth to come with production rising to 300,000 oz per year a 10x P/E is not unreasonable IMO.

So 100p?

Https://www.thetimes.com/business-money/companies/article/has-vodafones-ceo-pulled-off-the-longed-for-turnaround-r7r3nz6x7

The trader Ronnie on X just posted about Mobico. Recovery play.

Looks like it will finally go through this time.

Look forward to a resumption of dividend payments.

Chrome sales must be imminent?

Finally.

& 300K production this should be making gross profit of $400M.

Net cash should be reached within months.

The forward P/E of 3 is insanely low.

Basket price up.