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Looks like Horgan is getting his skin 'OUT' of the game. - It is not an encouraging sign. - I read somewhere where the shares might have been sold to cover tax-liabilities linked to the freebies. - Not sure. - Welcome others take here.- Especially an Accountant's take.
From an educational standpoint, I thought you all would appreciate this article.
https://twitter.com/KingKong9888/status/1780972640741863563
Hi Cowichan - Where continuity of supply is vital, it would make sense to have emergency generator back-up surely. - Generation capacity already exists at Sukari. - If they have dispensed with said capacity it would amount to an extreme act of folly, almost of sabotage. - I take your point about convenience btw. :)
Thank you Tibbs, you are too kind. :)
As previously indicated, I suspect they robbed Peter here to pay Paul . - They had to meet minimum forecast for last year and borrowed from this Q's take to do so. - To be honest, had they not met minimums for last year, the SP would have taken a big hit at the time and followed well through into this year I feel. - So, in this regard, it was perhaps the right thing to do and something that any of us here would also have been tempted into doing. - One ray of hope for me: Horgan has gone out on a limb this time in that he is forecasting increased production from here on in. - He has not specifically loaded it all onto H2. - I see that as a positive going forward. - Now that is something from a cynical old sod like me.
Hi Dasut
Oh yes of course, the info came to light in his response to a question, unlike Pardey where it was a deliberate ploy.
Nonetheless, it was sensitive information that was suddenly out there with its influences and effects. IMO
As well as the overall forecast for 2024, It'll be interesting to compare Q1 24 with Q1 23. - Purely speculation on my part, but I'm a bit suspicious that they might have pinched some of Q1 24's output to make the numbers for Q4 23. - It was a close-run thing. - I'm expecting a a forecast back-loaded to H2, it always happens and it provides the rest of the year to juggle the balls. - It's the extent of the back-loading that will paint a picture for me. - We'll see.
Steve - I did predict a 'Mine incident' as a way of covering-up and bringing about a reset of the numbers. - My predIction proved correct. - Impossible to know specifics such as a wall-collapse. - I predicted it on the back of a growing false-narrative postulated by Pardey at the time. - It's continued ever since. - Too many unexplainable events to cope with. - IMO - You did well to change tac.
Before time runs-out, one thing to keep a look-out for is whether Centamin sells it's Doropo interests to a third party. - If it happens, the interest will be in who the 'Third party' is. - Whether it's an inside job or not. - On the back of the latest rumours, I wouldn't rule anything out.
I fear we are all waiting for a train that will never arrive. - With Gold caught-up in a tug-o-war where it is but a political instrument in the protection-racket linked to the U.S. financial system. -The problem being that in this tug-o-war, the FED is on the other end of the rope and the FED cannot be defeated. - Meanwhile, other trains carrying multiple unencumbered opportunities are flashing by.
No doubt they will do what they do every year in that weighting will be on H2 to deliver FY forecast. - Back-end loading provides a lot of flexibility to navigate the year ahead. - So, it'll be interesting what the mix is this time around. - It's easy to cover for Q1-Q2 low-end production by bolstering in words Q3-Q4 output. - Usually Q3 is when they get found-out.
I'll be surprised (pleasantly) if this rise holds its ground. - I'm expecting a steady erosion as the trading-day unfolds.
If the day-traders have caught the wave, it might be worth something to consider. - I'm thinking of Steve here. :) - This is not advice - I never advise. - :)
They just managed to scrape-in to meet the absolute minimum of forecast. - Slightly suspicious by my way of reckoning. - They couldn't have made it exactly 450,000, that would have been a bit too much for acceptance. - Just slightly over though makes it a bit more credible. - I'm wondering if they've forward borrowed from from Q1-24 to meet the numbers. - Let's see what new forecasting provides. - M Henderson may have been right about a 'Lie'.