The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
If the Theoretical ex-rights price (TERP) of 17.1p / 342.6p as stated in the Investor Presentation on p.15 turns out to be correct, my calculations make the break even price 60p today assuming you take up all your rights.
https://ir-news.synthomer.com/downloads/A.4.%20Investor%20Presentation.pdf
Italy pays bill for tourists' dine and dash:
https://www.bbc.co.uk/news/world-europe-66548487
"The Italians respect the rules and pay off their debts and we hope that episodes of this kind will not happen again,"
You see! RKH have nothing to worry about regarding the OM monies :-)
Presumably power from the grid is cheaper than generating it themselves, so seems a good idea. Presumably they will also be keeping their generators as a backup. I see no problem here.
I don't know why people are surprised. We are part of a global economy and Britain will find it difficult to compete until the rest of the world has caught up with where we are now. Our standard of living will go down as we lose out to countries where the cost of business is less. Barring some miracle boost in productivity we should expect things to get worse. I think some BoE official mentioned this a while back and was vilified by the media, seems to me too many people have their head in the sand.
And an answer to the waste removal question:
The Centamin fleet mined 36Mt of waste in H1 2023. The waste mining contractor mined an additional 22Mt, resulting in the total contracted 120Mt programme being approximately 70% complete, with scheduled completion mid-2024.
I see they have hedged about half of their production?
Gold price protection programme implemented for the twelve months to June 2024, with the purchase of put options for 240,000 ounces of gold at a strike price of US$1,900/oz
A US court has ordered two precious metals companies to pay almost $146m (£115m) after more than 500,000 American Silver Eagle coins went missing.
https://www.bbc.co.uk/news/business-66094057
How is this different from paper gold?
A bit more from the Rockhopper results:
Whilst our focus is very much on getting Sea Lion up and running, we continue to work up prospectivity in the SFB where we have what we believe to be a direct analogue feature to the large Darwin discovery held by Borders & Southern Petroleum in adjacent acreage. Between what has been discovered and appraised and what can be inferred, the Company believes the Falkland basins represent a long-term, world-class resource, and the key to unlocking it is getting to FID on Sea Lion.
They are offering 8M JHI shares for ARG. Do we know what proportion of JHI that is?
Average broker estimate 33p? (dated 23/04/23)
https://www.nasdaq.com/articles/rockhopper-exploration-lse%3arkh-price-target-increased-by-8.86-to-32.90
Rockhopper Exploration (LSE:RKH) Price Target Increased by 8.86% to 32.90
Revenues were higher than last year, but I can't see from the numbers presented where all the money went. Can anyone enlighten me?
Not sure the war in Ukraine is driving the gas prices. Gas was already 300 in Oct 21, it is now less than that. Check historical gas prices here:
https://tradingeconomics.com/commodity/uk-natural-gas
The war has definitely caused some huge spikes but I don't think it's the underlying cause.