Member Info for Slickharry

There won’t be any dividend yet, we’re extending the life on mine on yani, plus buying another asset to become 200k gold producer within 2 years. We don’t need a dividend, the capital re-rate alone should sort shareholder return and minimise interest payments.

Definitely on Taurus, the other two items will be capex and recorded on balance sheet, and subject to depreciation over time.

Just been reworking the calcs, with the AISC at 1000$ for the year, if we produce and sell 115k ounces at an average of 1600$ per ounce we will be on for $27mill pre tax profit But if spot price smooths out at say 1700$ for year. Looking at near $38mill. This allows for say extra overhead costs associated with new project at $2.5mill I.e legal and travel etc - complete guess, on the later obviously.
Anybody got any figures for comparison to ensure my model is ballpark?

It’s all in the update - staff & logistic issues. FairPlay to Dan he is doing to proactively manage and putting in an airstrip, of course the cost would rise.

As for trucking of ore, he is spreading the profitability of the mine at a time of higher prices to smooth rather than just maximising profit in short term. Again great management.

I think dugbe is a great deal, fully funded now until potential mine build. Would have been a huge cash drain. If an oil company had done this people would be going happy. partner is taking responsibility under HUM control and this lets management focus on spending our cash for LOM expansion & Small value enhancing Mine acquisitions Such as Coras. I keep buying on all the dips :)

Ps: who are all these posters slating the deal, never seen them post on this board before lol

Great news, this is now fully funded at no cost to pre mine build. Place value on that market makers!
By which time In 2 years we should be well on our way to fund our share of the build cost through our cash cow mine.
Brilliant work dan betts!

These are fantastic results. Great exploration.
We are running at another 350 dollars spot price above revenue 2019. At current spot ave for 2020 should hit 200m revenue and ebitda of 90mill as per recent broker forecast. Well done Dan! It’s a buy from me!

The government will be announcing a massive infrastructure boost come H2 via QE to inflate away all this debt. Kier should benefit by picking up even more work as a key partner. Thankfully they have got their margins under control. The need CEO and management team are doing a great job restructuring.

Totally undervalued which drill results come in for LOM extension - easily 60p by end of 2021.

My rough spreadsheet estimates 46m for FY 2019 ebitda (we were at 15m H1) and rises to 70m for 2020 at ave current spot price.

A few key points

Demand picking up for new clients looking to reduce costs
All employees fully working from home
Market cap of £7m and cash held circa £5m

Think it could be a good one - we are massively undervalued. Will have business continuity plans in place to lift and shift operations.
Essentially just valued at cash levels and offers a 7% proven YoY dividend payout.

IG and Plus500 reporting exceptional recent trading quarters. Granted not same business line but let’s hope our partners client base have been trading in high volumes during this volatile period.

Title says in oil - hopefully we can arrange some tie ups in this downturn with the 14 million dollars of cash we do have.

Interesting video on Bloomberg this morning. Saudi Crude Tankers 4 to 6 weeks away will decimate pricing on landing into US, leading to bust in the US and then followed by boom as producers have ceased operations and quality of shutdowns damaging future reservoir performance. I think it is a case of getting through next couple of months. PMO have sufficient hedges and liquidity imho

Covid-19. Dan alludes to it becoming an issue at some stage, albeit only slight impact at the moment. Plus I think investors are liquidating gold stocks to cover losses elsewhere.

Looking forward to the upcoming trading update

I see us breaking 30p at least today. Anyone else?

Based on q1 results, I estimate we generating in the region of $80mill - $100mill of FCF per annum !! That is extraordinary at this level.