Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Rogue Trader highlights the increased longterm debt and reduced cash & equivalents, and completely ignores that this has been displaced with an increased value in property, plant and equipment and 5 million hours invested in the Mara Rosa project. In 2024: “New Mara Rosa mine set to produce 83,000-93,000 ounces of gold at AISC of $1,090-$1,120 per ounce”. On time and on budget, to increase Hochschild’s output by over 15%. Yet the guy in the video says: “This new Mara Rosa project, you know, I can’t really see that really making all that much of a difference…” 😂
I agree. Market cap under £350m is too low. Deserves to be priced higher, especially after an extremely encouraging half-year report. Around this time last year there were director buys at over 90p.
I’d also be interested to know the total average AISC for each metal as the cost and quantities vary so much between mines. Looking through the June 2023 interim results, Fresnillo’s biggest source of revenue is gold mined from Herradura (59.4% of all gold by volume and 26.5% of total revenue) with an AISC of $1390.22/oz during H1’23, down from $1755/oz during H1’22. Fresnillo’s namesake mine produced 22.3% of their silver with an AISC of $15.27/oz in H1’23, up from $12.52/oz in H1’22.
In today’s news: “Huge data leak dubbed the
'Mother of all Breaches' sees 26 BILLION records leaked from sites including Twitter, Linkedin, and Dropbox…. The biggest leak comes from Tencent's QQ, a popular Chinese messaging app which had 1.5 billion records in the breach.”
If this affects Tencent’s stock price, the NAV of this fund will drop further. I’m not currently invested (last sold around 210p) just watching with interest and will buy in again at some point, hoping for low 180’s.
Gets a mention in the Mail Online:
https://www.dailymail.co.uk/money/investing/article-12959197/JP-MORGAN-GLOBAL-CORE-REAL-ASSETS-One-core-aim-giving-steady-stream-income-investors.html
“Chinese regulators announced on Friday a wide range of rules aimed at curbing spending and rewards that encourage video games, dealing a blow to the world's biggest games market, which returned to growth this year.” (Reuters.com)
Tencent is 11.2% of assets (stock price currently down 13%), NetEase 4.1%. Will be interesting to see what the impact is here.
They knew full well retail investors were buying into the rising silver prices and chose this as the perfect moment to crash the share price. 12m sells to under 1m buys on Friday so they’ve probably already done their short selling and are now profiting from a self-fulfilling downgrade.
The cost of Card’s store wages have gone up about 10% every year since 2015 and property costs have gone up by a similar amount, greatly outpacing revenue growth in the same timeframe. Busy stores and small price rises here and there may not be enough to prevent a profit warning imo. Hope I’m wrong.
The price of gold and silver dropped shortly after 4pm on Friday to the same price as October 31st and Hoc too revisited the share price of the same date, so it could be tracking precious metal prices. However I would’ve thought the increased profit Hoc will have made over the last month of raised silver and gold prices should’ve countered a complete reversal to the former price.
Can anyone shed any light on why there was so much opposition on Eduardo Hochschild being re-elected as chair (around 25% against)? Could the company consulting the largest shareholders on this matter have anything to do with today’s share price drop?