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We do seem to have gone from a continual worry that Rh prices will fall, to a reduced Rh price (still highly profitable) without any recognition of the months where we have made massive profits with a $4k + pgm basket price, lets just agree that the Q3 results have been epic for Tharisa and let Q4 unfold in due course. In the absolute worse case it will pay for the Vulcan plant and an interim dividend (which I admit could have been higher) and we are now debt free and growing as a company.
BTW I know its a forward looking market etc etc , but this should work both ways positive and negative! Which hasnt been the case with Tharisa.
There is an updated presentation on the website if anyone is interested. lots of growth projects and with Gold at +$1,800/oz for the second half of the year and the gold hedges out of the way last December the FY 2021 results will be pretty good with reduced debt and an increase in the dividend.
A good update, and still with a bit of room for improvement even before the up and coming upgrade works which will boost incomes further, plenty of scope for growth.
There's an updated presentation on the website if anyone is interested, not sure if it contains anything new.
https://www.tharisa.com/pdf/investors/presentation/2021/20210610-ths-avior-summit.pdf
In addition to the quarterly production figures I'm hoping there will be plenty of discussion of the plans / programme moving forward, updates on the by-product testing, and projected construction and commissioning of the expansion plant & equipment. Its an exciting time for the company.
Should get another Quarterly Production Update this week, hopefully it will also flesh out a timeframe for the plant upgrade and maybe even some more info on the testing work for by products, lots to look forward too.
Well this is one on the most frustrating shares i own, it seems to ignore metal prices as the go up, but on the first sign of the prices turning the share price turns south, without making hay when the sun shines, so to speak. Fingers crossed the interims can at least get the share price to a sensible level.
AV did say that they anticipate the LI credit to pay for the tin production i.e. they get the tin for free! However I understand his reluctance to discuss the economic value of the lithium, until they get the test work results back, they are unsure if 1) the extraction is possible, 2) what process/flow sheet is required to extract it and hence what the costs will be. The potential is certainly there for the by product credits to have a greater value than the tin which would be a fairly large positive :-)
Thanks CT its a great interview, the company does have massive potential and if all goes well there will be lots of news flow over the next 6-12months to support an ever increasing share price.
Hi Bananaman2,
I was just going to type the exact same post, until I scrolled through yesterdays posts and saw yours! It does make me question my research and investment decision! If the interim results don't move the share price I'm not sure what will.
It would be beneficial if they can use some of the funds to pay off the $2m loan note.
On balance I'm happy with the fund raise, i would rather this than an expensive debt structure with an associated gazillion warrants. Full speed ahead and use the money wisely.
Well fingers crossed for the 10.5p range, I've just brought a few more, ATM has got plenty of potential. Wonder what will be the next news? Success on one/both of the by products or a time table detailing the plant upgrade, I suppose they may wait until next month's quarterly update.
Next years final dividend will be a corker!