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Thought you said no TR1 with reduced holding Kev....
Thanks
âPunitiveâ interest rate on the loan. Letâs hope they can refinance then
Nearly âthereâ.
Six months I reckon, tops
Forget the gold. 6 years before that has any impact on the sp
âI donât see this will exceed a range of 0.6-0.7 ever.â
You really think this? I think, even for an ardent pessimist, that thatâs pessimistic. 0.6-0.7 during the first part of 2020 fair enough, but as we start to have the funds to pay back the debt I think a slow but steady rise would be difficult to avoid. Could even break 2p by Dec 2021! Maybe
Agreed. The future does like bright. Letâs hope full production comes before the sun runs out of fuel.
Apologies for bringing up the ancient past just to score points. I wonât do it again
Your presumption that lots of ore in the ground equals a profitable mine is tosh. Ask wlfe
Much like your presumption that there would be no more placings. And your presumption that it wasnât Han**** selling. And your presumption that weâd be generating vast revenue in 2019. All tosh
I wouldnât worry. Most of whatâs posted on here falls in the same âtoshâ bracket IMHO. Iâm sure Iâve contributed to the category on several occasions
Iâm not like a mining expert or anything but pretty much all of this post sounds like tosh. âClearlyâ, Regua wonât be profitable if it cost more to dig up and process the product than you get for selling it. Unless itâs special tungsten or something, imbibed with magical powers maybe. And if the world decides that actually tungsten isnât needed for anything and itâs price falls to zippo, even having the biggest most massive amount of it ever will not mean you have a profitable mine
Without knowing the cost of production, one canât comment on potential profitability. Thatâs seems obvious even to a simpleton like myself
âWhether you or I think that the completion of construction of a concentrator 6/7 months late will have an impact on the share price doesn't matter. It will be what it will be. It will be a step towards the stated production projections of the company. On that basis alone lets say thats a good thing. It will only be impactful when everything is working together in a unified way and the output is 20000mtu per month. I would be hopeful that the sp may start to increase as the production ramps up beyond a verifiable output of 100,000mtu per month. If costs are controlled.â
Yes! Nailed it. Finally, the truth is out there. I would perhaps only add that the actual cash return for the output needs to be clearly stated, and that no further cash raise for Regua will be sought prior to there being a significant re-rate in the Sp IMHO. And of course thereâs the 0.6p warrants to hold us back.
So you may get your spike target on completion of concentrator commissioning DH, but weâll see out 2019 in the 0.6s
Agreed. I’m well jealous. I love a good sing-a-long
IMHO there’s zero chance that hearing there’s 0.5m gold and the concentrator is commissioned is going to get us back to 0.6. Sure one could sell some here and try your luck at the next table, only to get back in sub 0.5 late July time. I would myself but the odds on the other tables generally look worse. Better the devil you know. Or think you know, maybe. Or just are biased towards, and are unable to dispassionately evaluate the risks etc.
Another 1.9g worth of chips taken. Come on red21!
Ha! Year 1 is definitely 2020. Everything before has just been foreplay Turns out Kev was right with his 35m/year predictions. Just meant Year 1, not 2019. Easy mistake, we’ve all done it Nearly there now team. Six months, max and we’re quids in! Time to dust your wallet off Jaf. Or jog on. You choose
If we know that 3,500 tons of jigged and milled pre-concentrate has been fed into the concentrator, then surely we should be able to get a ball park figure for total production. Anyone any idea of the extraction ratio for the old concentrator? The original JORC suggested 72% metal recovery rates and the almineral website suggests 90% recovery with the whole plant operational. MM states the jogging and milling ‘significantly increases the WO3 content’. I would be fairly surprised if the concentrator needed more than 3,500 tons input to produce anything less than 100 tons of product, or maybe it does?
Indeed, zippo chance of Regua being up and running in that time frame. I’d rather it wasn’t rushed and we have some cash reserves from la Parilla production, rather than running out of ‘working capital’. I laughed out loud when he asked him what had happened to the cash generated by screwing us all (well most) by the warrants giveaway. Stored safely under the duvet at present, great. Won’t last long though if he’s got 50 workers to pay, and hence why the drive to get some product out I suppose. Dodged the production question a bit. ‘Some investor confusion’ he says, I wonder whose fault that is then? Could that be because the RNS details have been garbage, the interviews vague (and repetitive) and timelines/promises open to revision on a whim? I think so. Overall though it was a much better interview. Concentrator won’t be commissioned till late August I guarantee (based on prior experience here!) so I think we’ll be lucky to see a whole month of capacity production (ie 200t) this year. If quarterly reporting starts from September, then maybe we’ll see this in the first report. He’s a terrible communicator, politician-like with details and needs a hair cut. But he seems to have overseen the construction of a world class plant , in austere times, which is going to actually deliver on its intended target (eventually) for less capital outlay than many would have thought possible. And that, my friends, makes him a genius.
And doing so avoids the ORM catastrophe of producing a million tph of unsellable dirt. Much better to not have to worry about the quality of the dirt you’re shovelling into the plant, knowing the process is robust enough to still generate a quality product. IMHO
Agreed mate. I think it’d have to be something unexpected though to get any significant positivity from the market. Simply saying ‘there’s more gold around than in the original JORC’ is not going to have any lasting impact on the SP IMHO. Just look at Hur bb, they’d been going on about their ‘first oil’ RNS for ages saying it was going to bring the herd, game changer bla bla. They finished down on the day as all the traders ‘sold on the news’. It’s my belief that a significant amount of the people on here (who own 25% roughly of this comp) are keen to realise some profit and will not be buying masses more on the release of anything other than an extra-ordinary RNS. Maybe 1m oz will bring the herd here, but I doubt it. A clear RNS stating a large production output and revenue stream however...
Hands up who’s going to buy loads more shares if we get an RNS saying 1m oz? Anyone? Anyone? No. Ok. And now hands up who’s going to try and top slice any rise we may see on such news...wowza! We’ll finish red on news of the gold so be careful what you wish for
There’s just gotta be more good news before the AGM. There’s gotta be
Agreed. Another vague and pointless RNS. However, there seems very little between us and ‘significant earnings’ in terms of risk now. Unless we do an ORM and produce tons of unsellable dirt, but this seems unlikely IMHO. Seems pretty nailed on. We just have to suck up the PR, probably some more dilution for some other mystery project, and a load of garbage interviews and we’ll be there! Simples
Hur has ‘First Oil’ RNS today and they’re currently up 0.9%. Doh