Member Info for RichTheNewbie

From the most recent presentation: "In April 2021, gross debt will reduce to $2m".
So not much left.

Not really a lot of content in that one or anything new.

Really just a reminder of the "Updated Company mineral resources estimate ("MRE") models to be released end of Q1" from last months RNS and telling everyone again that they'll be exploring Yanfolila again this year and that Paso are drilling Dugbe so they'll parrot their updates.

Obviously no mention/discussion about the actual Yanfolila production, or costs, like a rather large elephant in the room they're trying to distract from.

You're quite weird.
The phrase is "let's agree to disagree".
Not your version which is basically "let's agree I'm right as it's obvious I'm right to anyone who can read".
After all, let's face it, you're usually wrong, and clearly don't even understand what exponential means, despite apparently having had to Google it!
I suppose, if you LITERALLY can't be arsed anymore, it would explain a lot, as it means you've been typing using your backside.

You're clearly not understanding. Re-read what I said.

Unless you've time travelled and got a copy of the accounts from next year.....no they're not :p

Unfortunately BushyTailed any idiot can Google the WGC guidelines on AISC. The problem is companies rarely follow them to the letter. That's why I said what I did.

You've not accounted for the currency when doing your multiple.
The MCAP is £75m, roughly, at the moment.
If the earnings are $4M (£2.88m) then it's £75m/(£2.88m*4) = a P/E of 6.5 roughly on your numbers.

If the quoted $10m of exploration / mine-life-extension budget isn't within those AISCs, and is spent from the earnings, then that could be ($2.88m*4) - $10m leaving $1.52m profit for the year and a P/E of about 68. I'm not sure whether it is or isn't included. The way they separated it in the RNS suggests it might not be to me (but I don't know).

Well, it is what it is, until their resource model goes wrong....(too soon?)

There's a lot of nonsense being posted on here (both negative and positive).

I will quote you from the Pasofino RNS:
"All 7 of the new drillholes intersected gold mineralisation of the EXPECTED range of thickness and grade"

They spelled it out for you.

This deposit wasn't expecting massive grades, and they didn't get them, it's a big deposit of lower grades. It is what it is.

It was to be expected that you'd not get high grades but decent size. Not particularly positive but not negative either really. Just as expected imo. Wouldn't cause me to buy or sell that news.

Market is just very superficial at the moment.

If you looked at all the key metrics on a tear-sheet things wouldn't look that great - but if you read for a few minutes longer and digested everything you'd see the company is doing well (well enough that it can be nice to its staff, pay its taxes, pay us shareholders a good dividend, etc) and growing with the wholesale/online elements.

Buy the dips on this imo.

Cmon Dan - it's time to take off the Squirrel Suit and let them know you're Mr Betts.....
(or maybe I've just been watching too much of the Masked Singer.....)

I think it all comes down to riskier assets having being bought up lately, targeting bigger gains, as market optimism increases due to pandemic restrictions easing (combined with the exit from the FTSE having weighed on this).
Less "exciting" stocks like this therefore get overlooked.
However, the big rebounds in more volatile companies will diminish (imo), as many things are already becoming valued at pre-pandemic prices, despite the economy (domestic and global) being in far worse shape.
Solid businesses like MRW will see people/funds return, looking for safety with a good dividend yield, and also, from these prices, a good chance of capital growth too.
That's if this isn't just bought outright by a larger player.

Inflation is a strange thing....because it's essentially measured in terms of short-term retail supply/demand (CPI) and yet the proportion of a country's money supply (whichever measure) being spent in retail outlets is probably quite tiny.

So you could print a bazillion squillion pounds, give it to Fred the Shred, and as long as he stuffs it down his trousers, inflation won't budge.

If inflation happens over here it'll probably be more to do with Brexit than anything else (and it b*ggering up supply chains, increasing costs, reducing competitiveness, etc).

Let's face it, if money wasn't pumped into the dollar, on the markets, as a "safe haven", it'd be decimated. It's as much of a ponzi scheme as Tesla or Bitcoin (if not more). There's no way it should be worth what it is - but until people stop buying it - the price is sustained.

Unfortunately you're showing your naivety here Bushy.
If you believe every company reports their AISC the same way then you're in for a hard lesson ;)
What is and isn't included in an AISC cost calculation is not a hard and fast rule, and there is guidance, and companies are "encouraged" to follow guidance, but it's still just "guidance".

However it's quite unlikely there's much PI shorting of this (if any). Most platforms wouldn't even let you.

If shorters were closing their positions that'd buying not selling. So it would be a "sea of blue" ;)

FYI - Might be lucky, HUM not appearing on lists I've found thus far, but don't take my word on this.

Anyone know if HUM is on the list of stocks that IG are changing to 100% deposit for leveraged accounts and then withdrawing completely soonafter?
(probably going to be some pain on the markets for a lot of stocks as many are forced to close out or become prevented from buying in their normal manner)

He appears to have an alter-ego posting the same sort of drivel for him today ;)