Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
$77 per tonne down from $92 - apparently fell maximum allowed in one day. China isn’t a big market for us, but as we can see severely impacts our sale price globally!
So next 3 years averaging 120k oz gold pour with current spot prices throwing off 600 to 700 $ per oz profit based on AISC ... can somebody do the math here ?
Spot price of iron ore has just dropped massively following reopening of Chinese markets. This is going to fall hugely Monday, I’d hold off buying just yet if not already invested. IMHO, When things stabilise will be a massive buying opportunity with business fundamentals, just unlucky at the moment. Patience will be rewarded
DYOR
They said they were setting it at end of this month, not that it would be ready for release. PR is fine, people reading it with their own agendas is the problem here
Check out the shareholder register, despite what people are insinuating below Dan is very much respected and valued, proven by those big names backing. He cannot control the share price, but what he can do is execute the business strategy successfully, as he has been doing, and hope the market catchups eventually
Good RNS from Cora this morning, bodes well
Great update - 115k of gold produced, lowered aisc, bank debt reducing drastically, hedged gold prices for H1 and icing on cake now have a partner for the dugbe project - well done Dan Betts (re rate due surely)
Q4 update at the end of the month is going to get us somewhat close I hope, with some forward guidance thrown in and good at current prices 202 could be our year!
Wait till year end and we’ve done 2 mill profit and revenue has increased to 7 mill then we will rise again
Net debt fell nearly 20%, capital investment for future growth doubled & dividend payout increased again. Great year!
Hooray, they have filed.
I want to buy more but synergis is worrying me. Anybody find out anymore about companies house listing. It’s going to get struck off and liquidated in two months apparently (surely just a paperwork thing?)
Just went on companies house, synergis haven’t filed their accounts, auditor has resigned and first gazette notice for crown strike off has been lodged. WTF?? Hopefully they read this board and my post and do something about this
I see our investment in inspirit came crashing back down today, Oh well was nice well it lasted lol. Still up on the converted notes at least
We own shares in Inspirit already and furthermore recently converted £95,000 loan into equity at 0.07.
Plus lol we are their broker and John Gunn is also chair. I could go on lol
Not sure people are aware of the link. What we need is a RNS holdings following our loan conversion earlier this week.
Our connected party continues to soar today. Glad we converted those loan notes to equity now! I believe our investment is marked to market so should see a good reversal booked at year end if this keeps up.
Check out OCT which is John’s other listed business, this provides an indirect holding into Inspirit with upside of a fintech growing dividend paying business. That is where I hold for exposure to both businesses
Yield of 6% - I’ve been taking mine last few years and happy to keep reinvesting at low prices.
Seriously, where else do you find a profitable ever expanding fintech company with cash in the bank, no debt and a great dividend. JG must be scratching his head at this daily haha
Now we know why miton have been selling out ....