Member Info for Sotolo

Don’t think so or fishy, just playing catch up over the results which had no bad surprises and good looking forward imho

I make it 43% platinum at Tharisa mine but also and maybe more important 42% at Karo. I make the baskets $ 3217 at Tharisa with Karo at $2848 chasing it up, nearing $3000 and thus becoming very investible. Gold is 15% of that Karo basket at this price so mightn’t a Royalty company like Silver Wheaton buy that solving our financing problems?

Pavlar I think it is up playing catch up; as I said, after some good results at last, we still have a bit of catching up to do now the show is confirmed back on the road, wonder if those who sold prior to the figures have bought back

Partly thanks to Centamin which Anglo have got to tier 1 and over 500k oz, just needed some decent management. The Anglo share price is now about £5.85 in Cey equivalent, but if you add the cash portion reinvested it is now way over £6 comapared to £1.20 on the eve before the bid so a very golden flip flop 5 fold increase. I do hope those like Mr Tibbles who didn’t like the bid, put the money in other goldies as would be SO upsetting to have held so long and missed what we all invested for, hoping/expecting coming. I am packing my flip flops setting off in a flying bed for Barbados and a very fancy rental right on the beach thanks to this plus a bit for Siko next divi or when sell. Sadly I feel too old at near 73 to spend 2 years fighting the building of a modern house but still lovely to have options

A Hoc peaked 7 March 2011 mid day around 623p and closed 608 p so finally after 15 years…..

2026 oz as expected Concensus estimate aisc was 2000. jPM said 2400 a couple of days ago, they say in between $2160-2320 ie 2240

Output down costs up but not as bad as could have been with Mara Rosa recovering to ¾ output in 2026, so total output gold equivalent, 2024 348k oz, 2025 down to 311k 2025 expected similar 300-328k and aisc costs 2025 $1980-2080, 2026 up yet again $ 2150-2300 but again which could have been worse. Net debt down an amazing $263m to $20m. Great relief and v glad held, let’s hope market as happy as I am, and a quick assault on our 2011 all time high

PS I suppose the good thing is if JP Morgan has put out these poor figures on ebitda and debt ”JPMorgan projects full-year 2025 EBITDA of $513 million, slightly below consensus estimates, and net debt of $215 million, 30% above consensus.” then maybe some of the bad news is in the price so even with bad news we may not tank as usual?

Thanks very much, Jay I am pretty much in line with Morgan on production ounces, as posted last summer Mara Rosa ounces would be much lower than expected and costs much higher as would take longer to recover, Morgan are saying well into next year with reduced ounces and much higher costs again, albeit not so bad, we shall see. However, on Ebitda I have a lower figure as I am not sure if they have subtracted the hedge on 50 K ounces which has lost around $300 an ounce so losing about $15m and the collar on another 60k0z barely breaking even? That leaves 107k gold ounces to make money at an average 2025 gold price of $3440 making about $110m and 7.6m oz silver at the 2025 average of $40 making perhaps $200m. However on their ounces for 2026 at current gold and silver prices 200k unhedged gold ounces, at our astronomical aisc $2400, doubles gold ebitda to $200m and silver 8.3m ounces makes $400k so total $600k or perhaps £250m after tax etc, so we may take a kicking tomorrow but as usual should recover next year especially if news on Mara Rosa is ok and on Royropata imho. The big question is will MR and Royropata be as bad as Morgan thinks?

Just got a notification from investors.com that seemed to say OMI just reached Direct called High of 36p. Hardly, as I bought this company first, long before it changed its name from Uruguay minerals, at almost 10 times the current price. I once owned over 1% and used to go to their AGM in the city, before being diluted and then selling a third when it got back above 40p 5 years ago. Happily I kept holding the rest and averaged down. Keeping the rest for now.

Tharisa has sadly always been very poor and even combatative on giving investors information imho, and I think this could be a reason for what I see as otherwise our unfairly low share price, however my guess would be this net cash down 21.6m has something to do with this statement in the brief report “At Karo, development remains aligned with capital availability, with Tharisa providing additional funding support to maintain momentum on the project timeline” which could have been a bit more illuminating on Karo, which might help our share price. However in another 5 years hopefully Karo will show what is happening and be churning out cash…..

Steady as she goes and as expected, which is always good in a miner. And of course the more we fund Karo the less extra debt. Cash coming in will now be considerable up on the average of the last quarter. Neither good nor bad is good to me.

Thanks lucky. Plus I make the baskets this morning near $3000 and $2700 for Karo. Of course these are this morning prices which are higher and midmarket, so the numbers from Tharisa won’t be quite as much but still great to be back here

Dark I have been posting for months Hoc will go higher £4 and £5 and especially that it should soar next year. Please remember 6 months ago gold was in the lower 3000’s and silver in 30’s, plus we had the unfortunate Mara Rosa news of lower output and far higher costs meaning overall Hoc profits were way under half now and hence fair price much lower. As I keep saying if the gold and silver prices hold then next year should be great if MR recovers, costs fall and of course over half hedge is done with. More than that we have the fabulous prospect of a big silver mine as Pallancata extends in 2028. Once these next figures are through, that may give yet another knock back as the last few, I am hoping we shall over come the all time high of 14 years ago for those of us who have known this share a long time. All the best and good luck all. It is wild

I think you are about $100 over, I make it $2897 as of now. However these are mid market prices so the prices Tharisa actually gets are a bit lower but still lovely

I am using Rh 9859 platinum 2340 palladium 1746 irridium 4925 and ruthenium 1300 giving me in the same order $877,1231,274,281,217, and 18 for gold which I have at 4400

We are in the same ball park

Strange, are we looking at the same share, I have Hochschild PLC up near 6 fold in just 2 years and within 2% of its 14 year high, while silver peaked at £62.50 on 29th Dec and is now £57.60 (if you are discussing our shares in pounds the sterling price of silver) so we are doing extremely well over any time [eriod and compared to gold and silver as we would hope, and I for one am thrilled, not complaining, at this most extraordinary ride and hanging on by the seat of my pants, thank you Mr Market. Hopefully onward and upward a bit more...but hope far and when sell where to put it, which puts one off top slicing.

…kept back by quite a few sellers and profit takers, understandable just now. It is quite tempting as results come up., extremely roughly Annually 100k oz with little profit over last quarter with hedge and v high aisc; 100k oz gold making $200m; $ 9m oz silver making $300m. Less tax so in sterling a total of around £200m profit which is PE around 13 very roughly, an historic norm, but hopefully MR will be announced as going again, output Up, aisc way down, over half hedge gone so profits double next year. But as we come into next figures quite a few may want to sell some just in case.

Thanks Gnome, just bought it as a new year present to myself. Anglo has obviously come back a bit in the illiquid churn of this holidays, do we expect a bigger correction when market restarts properly next week, or onward and upward still. I enjoyed latest MoneyWeek which had an editorial about further to go, and an article saying it would fall this year.

Gold Gnome. What a lovely post, you have also single handedly kept what was once such a busy and friendly Centamin board alive. I echo the same sentiments to all the old Centamin gang including those lucky ones who stayed with it, it has turned out that rare thing a takeover which adds value, our mine is now thundering away as a tier one producer. Smart Anglo to spot it, and such a good thing despite the protestations to finally have some decent management in charge. Now we need to carry not just our sense of humour into 2026 but our advice to each other on when to sell any which I have yet to do, so all help on this welcome.

Golly gosh hasn't this share and this board come alive, till recently so few posts or trades but today 13 posts and 193 trades on a v quiet post Xmas Monday. It bodes well that there are many new faces here imho