Agreed. Presumably some selling because of concern about Wagner’s involvement in Mali. Think rising gold price will outweigh those concerns
Very surprised to see these interims results. As far as I was aware, the news coming out of the company was positive and there was even an indication in an announcement in July re the new supply agreement that the company was managing supply chain issues! Will continue to hold but also not planning to add more at this stage
Thanks both. Hopefully it is just profit taking. Personally feel this has much further to climb but can’t blame people for locking in some gains given the general market environment.
Is anyone aware of something specific that has pushed this down from 330 / 340? I read the results as being extremely positive and so was very surprised to see this pull back so quickly!
Great results but the market doesn't seem to care. No idea what needs to happen for this to break out of the 2 - 2.20 range!
Thanks Darton - fingers crossed you're right!
Good move today and getting close to my .95 target. As is always the way, I’m now feeling greedy and think I’ll stick in there until we go through £1. No discipline at all!!!
Probably the most positive quarterly update we have had for a while from Hum (although that’s hardly saying much). Production numbers are moving in the right direction and hopefully this trajectory will allow us to limp to Q2 2023 and the first Kouroussa pour before we run out of cash! Obviously lots that can still go wrong but fingers crossed we’ve hit the bottom
Good news this morning re new supply agreement. Particularly pleased to see a nod in the announcement to
Concurrent being able to manage supply chain issues. Obviously the multi-year nature of the contract and it being paid for in dollars (given the current state of the £) are also big pluses. Extract from the RNS below:
“Concurrent Technologies… has entered into a supply agreement with a Fortune 500 global medical technology company, and has received an initial USD$2.2 million order for first year product shipments. Initial shipments have already commenced for qualification purposes with volume shipments scheduled to start at the end of 2022. The customer is then expected to place similar size orders on an annual basis for several years to come.
The customer's needs were multi-faceted and challenging. Concurrent Technologies developed a product that maintained backwards compatibility with the external interfaces of the prior product; demonstrated the ability to manage and overcome issues that would prevent multi-year production without changes; and met all the customer's quality and supply chain requirements.”
It’s a tough one. The macro environment makes me cautious - to me, warhammer feels like the most discretionary of discretionary spend so I’d be surprised if revenue didn’t take some kind of hit this year. On the other hand, there is lots going for the company long term and that’s likely to put a floor under the SP. I’ve already got a holding so would only look to add if the SP falls to around 60
Seems to be picking up (although as always the spread is a joke). Never really know what to do with my NWF shares. Solid company. Ok div but not really sure what needs to happen for the share price to break away from the £2 range
@huwie - it’s classic concurrent tbh. The board are always upfront around challenges. For me I think it’s a good thing and very rarely do they seem to miss guidance. The market doesn’t seem to agree in the short term but as I’m holding longer term I’m fine with the approach. Topped up at 76.6p - have a fair few so will likely sell some once the sell price goes north of 95p
Always the way with Concurrent. Solid results but the share price dips. Very tempted to pick up some more but expect the spread is horrendous (as always)…
Lol - well this aged poorly. At least I’ve got my chance too up!
Great to flick on the screens and see this rising back towards where it should be. Have been slightly concern about how inflation / rising living costs will impact sales / sentiment and so only picked up a smallish amount - slightly frustrating given I now don’t think we’ll see low 7s again but still better than nothing and looking forward to seeing this continue to rise!
Interesting observation @adamsmith - I don’t know enough about how much fuel cost impacts the AISC but it’s definitely something people seem to ignore when focusing on rising gold prices - obviously the only thing that matters is how big the gap is between the cost of digging it out the ground and the sale price and not the absolutely numbers! Wonder whether (given the Russian presence in the country) Mali is also buying russian oil on the cheap atm
https://uk.finance.yahoo.com/news/polymetal-share-price-down-80-070345762.html
Not sure if this has been posted yet (apologies if it has) but curious to hear what those in favour of Poly think of this. Clearly the financials completely disconnected from the sp atm and there are no sanctions on gold sales but the point around being able to purchase new / repair existing mining equipment doesn’t appear to have been discussed here and is obviously very relevant if looking longer term. For those buying and holding long-term the assumption that sanctions won’t extend beyond the duration of the war? Presumably there is a risk that Russia continues to occupy eastern Ukraine and sanctions stay in place. I’m also not clear on why Poly has to sell to Russian banks? Is that just based on proximity and existing buyer? Presumably it can sell outside of Russia and get paid in USD
Thanks all - very interesting. I didn’t make the last shareholder web-meeting but an AISC in line with guidance would be a wonderful thing. Given the forecast for the year is 1,300 - 1,450, the messaging around Q1 being slower and the fact that Hum has yet to deliver on any forecasting, I’m doubtful but hopefully I’ll be proved wrong
Anyone got a sense of what the AISC for Q1 this year - just trying to get a sense of how long it will be before I can look at the SP again without it making me sad? The Q4 update indicates production will be weighted towards later in the year (although I think they gave us that spiel at the start of last year…) but hard to tell from the update whether Q1 was going to be an improvement on Q4. I hope it will be but I’ve learnt not to expect much when it comes to Hum and AISC - definitively not convinced that they will ever dig anything out of Yani at an AISC below $1,000 as per the update
Thanks in advance
Joined the party at just over 71. May have further to run depending on what happens in Ukraine but exciting upside at the current valuation