Member Info for panda1

Share price is likely to take a hit on the rise in AISC to $1760/oz

It is worth mentioning that the performance of the excavators are the the responsibility of the mining contractors.
If you are forward looking you will note that new excavators have been provided by the contactors and all the costs are borne by them.

Look at ore mined in Q1 to see the impact of the new excavators - the highest level since Q4 2019 - which will lead to improved gold production in the forthcoming quarters as the stockpiled ore will be processed now the plant is fully operational

If you look at the figures in the release you will see that ore mined in Q1 was at the highest level for over 2 years, presumably due to the impact from the new excavators. As scheduled maintenance was carried out to the processing plant in Q1 all that additional ore mined will have been stockpiled for processing during forthcoming quarters as the processing plant is returned to normal operation.
This should give us confidence that production from Q2 onwards will improve significantly and will see a big fall in AISC due to increased production

It's worth emphasising that the low Q1 production was already factored in to the guidance for 2022 which was announced on 31 January:
FY2022 Guidance:

· FY2022 production guidance of 87,000 - 97,000 oz of gold, with an AISC of US$1,300 - 1,450 per oz of gold

o Q1 2022 is forecast to be a lower production quarter versus the remaining quarters of 2022, with a ramp up from Q2 2022 expected, driven primarily by an additional five excavators becoming increasingly operational during Q1

o Further operational improvement measures at Yanfolila have been undertaken to ensure 2022 guidance forecasts are met, as detailed below

We already knew Q1 was going to be very poor due to the problems with excavators and necessary plant maintenance work and lower grade ore. We should see a big improvement from here now the additional excavators are operation, processing plant has been optimised and higher grade ore is accessed.
Worth pointing out again that AISC is derived from total operational costs divided by gold produced. Once gold production returns to normal levels at Yanfolila AISC will fall dramatically

Smalleyus was deramping HMI when it was 2p (it is over 17p now!) so anyone that took his advice on that was mugged.
You don't see many projects with an IRR as high as 100% so the technical report confirms Pitombeiras is a very desirable project

What you missing is where we are in the commodity cycle.
There's never been a better time to invest in GLR given the outlook in commodity price and the low market cap.
All those years of lining up the various projects are about to to pay off in a big way

Drilling at the Ka****u zinc project is due to commence shortly with a view to bringing it into production quickly.
Colin will be very keen to get production underway with the Zinc price close to an all time high

There's nothing to stop Atlas dumping stock into the market at a lower and lower share price as it always gets shares at a 10% discount to the lowest share price. Anyone that is buying can be sure that Atlas is on the other side of the trade

The recent acquisitions by the company are looking very shrewd with gold closing in on $2000 per oz

The debt default is just one facet of the current crisis in Sri Lanka. I think it highly probable there will be further delays for CMET given 'weeks of power blackouts and severe shortages of food, fuel and even life-saving medicine in the country’s worst downturn since independence in 1948'.

This article is worth reading to see how dire the situation is in the country. I'm surprised you think it won't impact CMET
https://www.aljazeera.com/news/2022/4/12/sri-lanka-pm-appeals-for-patience-from-protesters-amid-crisis

Of course I do, but the economic crisis there and debt default will put off investors from financing projects in the country.
The country is imploding yet you fail to see the risks to your investment

Sri Lanka to default on debt as economic crisis deepens
This will make it very challenging to procure funding for projects in Sri Lanka so more delays for CMET are likely despite what management may say
https://www.bbc.co.uk/news/business-61076481.amp

160million warrants to be issued at 0.525p - that's huge dilution!

Wonder why the preliminary results haven't been release as they are usually announced in March?

Directors put £90,000 into the April 2020 placing so are sitting on a decent amount of 0.6p warrants

Helpful will be very happy with today's RNS as he said he's only holding warrants now

There are 2 wells due to spud shortly - SD-12 at South Disouq and another oil well at West Gharib

Auctus Advisors commented:
"The SDX-5X (Warda) discovery well has been tested at 10.4 mmcf/d. • The well is expected to be tied-in in June and will add 8-9 mmcf/d gross production. • The flow rate is in line with SDX’s expectations and we consider that the FY22 gross production guidance at South Disouq could be increased from 33-35 mmcfe/d to 38-40 mmcfe/d, adding ~300 boe/d net production to SDX over 2022. There will also be positive implications for our production forecasts in 2023"