Member Info for spero

https://www.marinetraffic.com/en/ais/home/centerx:-56.073/centery:49.453/zoom:13

nice to see the cogs turning

We don't have to give gold away. There's an agreement in place to sell the first X ounces to Sandstorm, then a certain percentage of produced gold ongoing. They'll buy at market rates as far as I can see. I think we've had to give some away in the past as part of a funding agreement, but I think that's long since settled.

Antharry s******ing at Posset's dyslexia insult reminds me of this guy celebrating Boris Johnson's fat shaming
https://twitter.com/KingOfSunshine/status/1486656257746518016

at least they've removed this from each RNS they put out
"Rambler's focus is to regain its production profile at 1,350 metric tonnes per day ...in 2021"
...more...waiting... :(

no guarantee a new hedge is being negotiated for the year. They may clear the current one and run without any hedge, or just hedge a percentage of output. I personally think a hedge of 50% would be sensible.

Markets closed 12:30 for Christmas.

HelpMe01, I understand the nature of the hedge. However, there is a minimum delverable volume. In March it looked like this:

"As at March 31, 2021, there are 3,022 tonnes of copper to be fulfilled at $7,700 for the remainder of the year."

My question (to the group) is simply can we clear that tonnange commitment from a single stope, or will we have had to recruit additional stopes to hit that minimum?

If we clear the hedge this year as planned / forecast, does that mean we have expanded to multiple stopes, or could the hedge be met from a single stope? Activating multiple stopes might not be RNS-able, so calculating multi-stope activity via other evidence like this would be useful.

42p was only a top in hindsight. It was created in large part by the arrival of the Omicron variant. At 42p, as now, news was imminent on new stopes, hedge clearance, real profit beyond EBITDA - so it's no wonder we didn't sell. And no surprise that many investors are holding firm now. I've topped up in the low 30's.

https://twitter.com/Share_Talk/status/1460321733873844226

End of day close over 41p and it's free to climb to low/mid 50's

TobyB explained that Little Deer/Whalesback are easier (therefore cheaper) to mine than Ming. Something to do with the pitch of the resource. If you've taken your 'mining costs' from Ming, then they could be reduced for your calculation here.

@4:40
https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-tuesday-9th-november-2021-via-vox-markets/#gs.fkea3g

Break the 200 day moving avg (we have comfortably done that today) and we're free to return to May resistance of 40p+ (on no news IMO)

My ISA provider operates through The Haifax, so it may be just users of their platform being refunded. Refunds are small - approx 0.25p for every pound spent

Thought they may be required to enter into a new hedge agreement as part of the financing, but no mention of this in the RNS. Good news.

see the latest financial results RNS Moon, it's stated in there.

is it Monday yet?

A couple of days ago, Cornish wrote:
"Just a health warning on that big intercept, it's drilled parallel to the ore body at present. It's confirmed there is something potentially very good there and is a great exploration target, but its not a mining target. Yet."

+Moon, that's the kind of balance we need. We've researched and invested. We want others to join us on the journey, but we need to be cautiously optimistic and reign people in who get too wild with their 'multi-bag by Christmas' predictions. Deramping is for personal gain only, not the interest of the group. People had to tolerate your deramping self-interest at their expense, so now hold you in low regard. Take a step back and consider the difference between 'balance for the benefit of the group' Vs 'balanace for personal gain'.

You can't expect people to be nice to you just because you've stopped eating their lunch from the company fridge. Especially when they know you'll start eating it again as soon as it suits you

No idea how frequently these ships come and go, but it's nice to see the Rambler wheels turning
https://www.marinetraffic.com/en/ais/home/centerx:-56.024/centery:49.476/zoom:12

nope, turns out we can't provide a link
rhymes with fox, starts with 'v', add 'markets' to the end.
Or search google for 'Sunday roast Toby Bradbury'

********** dot co dot uk