Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Having just confirmed that they are in line to meet forecast of between 450 - 480 ounces for the year, all be it towards the lower-end, if M Henderson is right about Lies regarding meeting said targets/forecasts, then between now and the end of the year, they will have to fabricate a reason for this to be so. - A mine-incident - a roof fall - whatever. - So, watch this space.
Q3 Truth quarter: - Forecast to come in at lower end of guidance. - That's a pity. - What a nice surprise to have learned higher end instead. - That would have given a boost. - Doesn't make much difference either way to the 'Largesse-Lollipop' brigade. - They will get more than their fair-share regardless.
Old timers here will recall Pardey presenting at Denver and confirming that everything was going according to plan and on course to meet forecasts. - Within days of his return home, he then performed a complete about face. - Take Denver with a pinch of salt, it's used as a platform to achieve certain outcomes, but truth is not necessarily one of them.
My post 26th July following Q2 numbers- Let's hope that things are not playing out as predicted here.
Re Results26 Jul 2023 09:57
Still on course, that's the main thing. - Avoided a kick in the crutch - always welcome. - Agree with Sotolo's take. -an interesting management strategy in putting a $1900 floor under the price covering the next 12 months. - Clearly, a thought out chess move for planning/insurance. - Grades disappointing I thought, an upgrade here would make a difference going forward. - All eyes on Q3 now, the truth quarter, the quarter where they run out of road for bending facts/forecasts. The quarter where if there has been skullduggery, they have to create/invent a cover. - A quarter where all sorts of unexpected and undesirable circumstances can suddenly manifest, affecting all the well laid plans. - However, let's not be too cynical, let's rejoice and welcome a black-eye free quarterly report. :)
As a new poster, has nhenderson been put in place strategically, to break the news about the plant close down. - As others have commented, it seems a strange and mysterious communication. - Not accusing you nhenderson, but can you clarify please?
I think he is saying that he wishes there was an RNS about the circulating news, rather than that there has been an RNS.
This of course is the truth qtr. coming up. - If they've been spoofing about production forecast/figures, they have to find a way to cover up. - Not saying this is what's happened, but some sort of setback, in this case loss of production, is a device they can use as cover. - They've done it before.
Egypt has no spare cash and neither has Centamin. - Centamin has gone from riches to rags thanks to the oversight of a brilliant management. - From hero to zero in a very short time. From $300 million to zilch. - Well done you mining - management experts. - Enjoy your excessive freebies. - You deserve them. - A lot more on their way next year.
Thought this might have some interest. - Indonesian Government backing Kinesis Gold payment system, at the time they are interested in joining BRICS.
https://twitter.com/KinesisMonetary/status/1694658524976972173/photo/1
Still on course, that's the main thing. - Avoided a kick in the crutch - always welcome. - Agree with Sotolo's take. -an interesting management strategy in putting a $1900 floor under the price covering the next 12 months. - Clearly, a thought out chess move for planning/insurance. - Grades disappointing I thought, an upgrade here would make a difference going forward. - All eyes on Q3 now, the truth quarter, the quarter where they run out of road for bending facts/forecasts. The quarter where if there has been skullduggery, they have to create/invent a cover. - A quarter where all sorts of unexpected and undesirable circumstances can suddenly manifest, affecting all the well laid plans. - However, let's not be too cynical, let's rejoice and welcome a black-eye free quarterly report. :)
Hi Sotolo - Dividends are a specific item so there must be a box somewhere. - Also, will you not have to send a copy showing your dividend payment from Centamin - Dividends usually are shown your stockbroker statement. - Not sure f this is helpful.
Production is only forecast to be higher in H2 and is by no means a foregone conclusion. - Weighting the meeting of target towards H2, creates a lot of wriggle room for constructing a reason for failure. - A mine incident of some sort that creates a reason why targets unfortunately will not be met. - We've had it all before with Centamin. - Don't count your chickens here. - Q2 numbers could be a pointer, but Q3, the truth quarter, will be the more reliable barometer. - It will indicate what needs to be achieved in Q4 and how realistic the chances are.