Got mine too :)
Spoke to Melissa Needham via email a couple of months ago and they are in process of seeking trading mechanism. If dividends are still forthcoming and trading strong, doesn’t matter to me if listed or not, maybe I’ll be acquiring and not selling mine!
Dividend won’t be cut, nor increased. As reported fully at each RNS, 2023 is year of peak investment, and costs will subside with profit expected to rise from here. I think dividend will grow inline with the above. I really don’t get all the negativity. Transition is nearly complete and new cycle due to commence shortly.
I think it is fair to say we will be loss making for 2023 given H1 position, as gas spot price decline and oil prices, mainly gas, have fallen considerably vs booked prices at H1 and average production rates dropped. I’m not sure this is why Mitch will have left, but Mercurial will not be happy given pitch sold at time. I think this is why 2024 will be focused on so much.
Nearly £2.5mill to be precise!
Quiet on here compared to GKP!
On flip side dollar is strengthening against CFA so our cost base is reducing once again.
He’s short , that’s why he thinks that lol.
Read the recent RNS minimal risk of a cash call given in country sales to cover op costs and capex.
Think todays bounce is due to increasing stability in neighbouring countries Gabon talking with agencies and Niger looking increasingly likely to finalise a deal with ECOWAS following recent coups.
I agree. Costs all covered whilst we await pipeline reopening so no concerns around bleeding cash or ability to trade in future. Happy with these results given the position, arguably better than I was expecting with action taken.
Capital appreciation is great, but it’s the dividend that is the real winner here (once fully back up and running of course).
Why on earth is this dropping?.. I can only assume it some how linked to political risks around Niger-ECOWAS events.
Despite being guidance, it’s the AISC for Yann for 2nd half of year, at $1,700, not far off being loss making that I feel has hammered share price today. All good trading new is weighted in results earnt YTD. H2 is essentially a loss. Granted have Kour H2 but we have no idea what cost per ounce it is being produced at - assume loss or break even as we ramp up. Thoughts?
Yeah, I’m not convinced - drop of 20% QonQ - plus we go into rainy season in Q3 and coupled with fact now drilling different pits - interesting AISC is predicted to hit 1,500 which means low ounces produced in h2 or cost of new mine drilling is expensive when average h1 $1200 and h2 together. So what $1700 for H2 ?? I hope they are underplaying it.
I’m really looking forward to next weeks update. They never RNS to advise upcoming update, so expecting a good one!
At current gold prices, at kouroussa based on project costs, a net gross margin of circa $900 x 140,000 ounces for 2024 = 140mill - they will be just fine :). Hopefully some cake for us all too then.
Interesting views from the majors too. Almost like part and parcel of business and always room to talk there. No immediate concerns here. Plus Yann is a smaller peice of puzzle now we have kourrousa
It will re rate and catch-up, early days. First chunk of THG investment is now yielding £1.8m of profit from original 54p investment. The other CFD investments are in profit too, if the board have not been trading up and down to generate cash for a year end dividend. Would be my expectation. Can see they are recruiting an investment analysis so expect recent fundraise to be spent soon. In meantime will be getting circa 4.5% return in bank. Patience is required here.
I think drop is due to UN peacekeeping mission now leaving Mali voted Friday last week. so political risk etc has heightened . I may be wrong.
I calculate they are up about 55% excluding CFD on their original investment which is about £1.5m at current market value. Looking forward to seeing where they put recent fundraising cash.
With interest rates rising - they’ll be making £10k a month alone on cash held, before they make their next investment of course which should be covering adhoc monthly overheads id have thought. Feels a good place to be invested right now.