The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Yes Yan was built on time and budget because Dan gave the contract to someone who knew what they were doing rather than running himself it thank goodness.
I do find it hard to accept any ASIC guesstimates for underground from Dan based on the fact he's never met the target for Yan of 790$ .
If their contractor is so bad why have they not switched to anew one? granted this would mean downtime but I'm struggling to understand why it takes 6 months to identify fact they you have broken kit and get new kit up and running.
Debt now at 21 million like going back in time a year and a half, but we now have a lower forecast and higher SIC forecast.
Astonished that Dan hasn't take up his spare options at 22p not! I can only hope he hasn't received any of his other bonuses as well as he continues to fail. I'm constantly amazed that the major shareholders in this company haven't given him the boot and gotten someone competent in. We have good resources it just the company seems unable to exploit them properly.
Strange uplift, granted it dropped far more than it should have done back in October as the de-watering only affected one target but seems a strange lift on not much volume.
Doesn't surprised me that people are out looking for a bargains with the gas price where it is and we have this new/old supply ready to come on stream. Bearing in mind the economics of the project were good a year or so again when we bought it. Does anyone know the low medium and high revenue of this project with the current wholesale gas price? I'm assuming its many multiples of where we were with it a year or so ago?
Is the cobalt circuit up and running already then?
Do we have any information on possible quantities produced in this first year, I know there was mention of it long term maybe even exceeding copper revenue wise but not sure what the short term goal is?
Regardless of whether this eventually does something or not this share is without doubt the most boring I've ever invested in. I've invested as a punt but jees some sort of press/media on something would be nice, just to confirm they haven't all died or retired and forgotten to tell us.
So we were debt free for a quarter after all the hype about being debt free this year. I imagine well be about 10 mill back in debt at the end of this year would be my guesstimate. If our contractor can't maintain their equipment can I suggest our contractor maybe needs replacement. We spent millions on additional inventory last year to prevent that sort of failure yet still we fail. It honestly mystifies me how such a great set of projects can be so messed up, year on year. Are we seriously expected to believe that 4 days of disruption dropped the gold poured for the quarter from circa 25000oz to possibly less than 15000? I await the excuses
Bit surprised there is so little going on based on this news, I thought there might be an uptick. I guess they need to start making money first, sort the ASIC out and get some money regularly added cash.
No big trades as yet so presumably no real II interest.
If Leon is a control freak well he has managed to get the share price to quadruple in 18 months so he's doing OK in my book. Colin is a bit more of a liability and has out and out fibbed in my opinion this year regarding the placement.
Do we have any numbers on the size of the cobalt resource we have. I've seen it mentioned on several of the tailing dumps but no numbers attached. There mention in the presentation of possible cobalt facility to be built, but nothing about how much there is or possible production levels we could generate
I would suggest to you Brain that if these other posters on this board are as you claim rampers, firstly they are allowed to do that, in the same way as you are allowed to de-ramp. Secondly if that's what they are they aren't very good at it because the share price has barely twitched for a very long time.
I would suggest that the vast majority of investors here are just waiting, what for, either good news or bad we will find out eventually but in the mean time this share will continue to float along in frankly quite a boring way.
I would suggest you may need to find something else to do with your time unless you have any actual proof of anything you are claiming which I sincerely doubt.
GLA
Only problem with Greenland is it takes ages to get all the permits. Also a growing problem is there isn't anyone there to do the work. This will change in time but its a slow process. Bluejay are still not getting on with it after years and only got the permits this last year. Even if resources are vast they don't seem to add much to the share value.
As they have mentioned there are many kms of these ridges yet to be drilled/explored so I think another 90MT is quite achievable if the structure remains consistent , all will be revealed in time.