PYX Resources: Achieving volume and diversification milestones. Watch the video here.
nothing's in the news but something's boiling up here.
@Wellinton, nothing's elevated, some people are stubborn and in their view "the SP cannot go up! The company is doomed, it just cannot go up!" and then the company is going to exit Ch.11 intact and restructured according to the plan which was announced in the RNS half a year ago.
I'll take 40p.
would be nice if you could buy a business that generates 1.7bn revenue per calendar year for only 2.5bn :)
will see 33, maybe momentum will take us close to 30 on a very red / depressing day but hopefully, that'll be it for the downtrend.
If you look at 4h or day chart bear wedge is in play, the current move down will most likely take us to 30-32.
*Total revenue of c.$1.7bn comparable to a pre-pandemic year, 2019 despite lower production.
*Very healthy headroom liquidity of c.$1.1bn
*Lowest debt of c.$1.9bn in a decade and expected to go down further in 2023.
*Larger exploration budget this year
I just don't see how it would be beneficial to HOC unless your plan is to accumulate more stock at low prices. Eventually, it would be nice to recover some 2022 losses on permit news which in turn almost guarantees that future projects will be advancing on time.
@thornyone yes, but it costs around $2.4k / Au ounce to mine at Pallancata. Luckily, it's mainly silver but as Sotolo mentioned it doesn't help much either. Maybe a new vein (and license to mine) could extend its life, otherwise the mine should be conserved.
and the gold price for Pallancata makes it highly uneconomical.
1,174 gold equivalent ounces short from 2022 production guidance which could be achieved in roughly 1,5 days of mining at the current production pace.
just looked through all trades this afternoon, safe to say that the fall is ALGO driven. I couldn't find any big sell orders. A bit surprised that we're ~20% down.
over 12% down on the day, this market is crazy.
don't be too greedy @bullsbears, we all know it's going to make a killing
Hello Tornadotony, it depends how you look at your situation with a call back. Maybe they don't want to give anyone an advantage or hint. If HOC's policy is to share sensitive information via RNS than I can only welcome that.
don't get me wrong, I would be dead chuffed if we keep ROW which now appears to be debt free. Together with the UK + some debt wouldn't be bad either, we'll just build from there. However, it could also turn out that ROW is thrown into some deal and we'll be left with nothing.
not part of Ch.11 does not mean we're keeping all or some of ROW at the end of the process. Not enough information to say for sure, imv.
ROW is not a given. It's certainly not priced in.
worth at least 220 with permits and gold at 2000, all imv. Hopefully, sooner than later we'll see the SP rise.
@DK, HOC is mining, gold is flying, what not to like, eh? :)