Member Info for the_shareminator

Under the title 'Processing' is perhaps the most important tidbit.

~ Throughout H1 the Vares Processing Plant was commissioned and began producing saleable concentrates.

~ Plant operations will continue to process higher grade material and ramp up to commercial production by Q4 2024.

~ Metal recovery rates are improving, and the processing team is working on further enhancement and optimization of the plant.

~ Initial concentrate shipments were exported to offtakers in Q2, with additional sales occurring Post Period and volumes planned to increase in tandem with production ramp-up in H2 2024.

~ Concentrate transportation infrastructure is fully in place with truck, rail and port logistics operating well during ongoing shipments.

Trading statement today reports earnings and revenue increases as expected. Th

Earnings per share (EPS) for the current reporting period expected to be between US 3.98 cents per share and US 4.30 cents per share (2023: 3.19 cents), an increase of between 25% and 35%.

The increase in EPS attributed coincided with higher revenues (+16.8%), with higher gold sales (+4.9%) and an increase in the average gold price sales (+11.3%).

The price of gold is up about 27% in the past year which shows earnings will continue to rise even if the price steadies at current level and production / sales remain flat from here. Of course with Mintails set to add 50koz to annual group production (estimated to rise more than 25% in the next year) from Q4 going forward there should be more of a buzz here!

The market is largely ignorant of Pan African's potential to produce 250koz in 2025 at $2,500

Resolute Mining are in acquisition mode and have $140m earmarked for 'opportunities'. Stranger things have happened. They were a distressed mine operator not so long ago and could well pick up Dugbe on the cheap. Dundee look a good fit too!

Kounrad is well placed to continue producing copper until 2034 and Sasa is expected to be producing to 2039 and beyond.. These are not particularly concerning life of mine expectations.

Well said Noel! Many will arrive later to the party but those who have seen commodity cycles like the one we are in know it's the beginning of good times. What will come first though gold jumping into $3k territory or Serabi above £1? I'd probably err on the side of caution with any Brazilian miner at this time given the toxic political situation and signals of authoritarian, left of centre direction. Peru had troubles a few years ago but for the most part miners have come out unscathed and are recovering nicely. Still I refuse to be parted of my shares until things really go t*ts up!

"With gold prices continuing to rise over the quarter, Q2 2024 revenue has increased by 30% compared to Q2 2023 generating a record net profit of US$27.5 million for the Period, an impressive increase of 91% compared to Q2 2023. Net profit for the first half of the year was US$$39.9 million."

This is going to be a repeated story across all of the small cap producers including Metals Exploration this quarter and in the year ahead!

Best time to buy undervalued gold producers since 2008-09 period!!

Federal Reserve’s Jerome Powell says ‘the time has come’ for US interest rate cuts

$3,000/oz gold! Choose your date, come up and place your bets ;)

Latest expectations are for THREE quarter-point rate cuts this year. Even two cuts would be a strong signal and encourage institutional investors to look again at the mining sector that benefits off the back of a weaker dollar. Precious metal producers in 12 months time will be turning significantly more cash. We are just in very early on the cycle!

The U.S. Federal Reserve will cut interest rates by 25 basis points at each of the remaining three meetings of 2024, one more reduction than predicted last month, according to a slim majority of economists polled by Reuters who said a recession is unlikely.

The change in Fed rate cut calls follows a weaker-than-expected July U.S. jobs report, which encouraged interest rate futures traders to price in as much as 120 basis points of reductions in 2024 earlier this month. That pricing has reduced to roughly 100 now.

https://www.reuters.com/markets/rates-bonds/fed-deliver-three-25-quarter-point-rate-cuts-this-year-recession-unlikely-2024-08-19/#:~:text=Despite%20recent%20easing%2C%20wage%20growth,reductions%20by%20end%2DQ3%202025.

Conviction buy from here in my view, with commodity prices steadily increasing again. Rate cuts just around the corner and to come next year.

Kounrad on track to achieve 2024 full-year guidance and Sasa's mined tonnage is set to be higher in H2 2024 which should mean it achieves the lower end of 2024 guidance. The share price and interest would suggest the market is less than convinced about the guidance and commodity prices have steadied below late Q2 highs. I think the market may be pricing in dividends to remain at the same level this time last year but we will find out in about 3 weeks.

Interim results and dividend announcement due second week of September.

If there's a pullback it will be short lived. I wouldn't be looking to trade part of my holding at the current bid, maybe 35p you can have a chunk

Https://www.fool.co.uk/2024/08/21/my-favourite-ftse-share-is-up-110-but-still-dirt-cheap-with-a-p-e-of-7-7/

Reminder the stock goes ex dividend on 29th August

Thanks for sharing!

Link to the presentation for casual viewing

https://www.capdrill.com/media/investors/Presentations/Capital-Limited-H1-2024-Results-Presentation-vF.pdf

I think it's more a case of institutional buying at year lows following a run of bad news (change of management, environmental permit issue etc).

Adriatic Metals PLC has reported a major change in holdings by The Goldman Sachs Group, Inc., with a new total combined voting rights percentage of 3.540279% as of August 16, 2024. The notification was completed on August 20, 2024, in Warsaw, marking a significant shift in the company’s financial instrument makeup, predominantly through securities lending and swaps.

https://www.tipranks.com/news/company-announcements/adriatic-metals-plc-announces-major-goldman-sachs-stake

Recovery underway and silver trading up just off $30/oz bodes well!

Today's announcement is a bag of mixed results but ultimately positive going forward.

Volspruit and Aurora Projects are a go. Hacra Project is to be disposed. Volspruit will be an attractive proposition in a higher PGM priced environment but right now a 6 year payback and low IRR will probably encourage Sylvania to slow the rate of spend in their effort delineating further resources and reserves. Once PGM prices begin to climb again (being a finite supply of palladium and in particular rhodium) the project will become more attractive from a funding perspective.

Still holding and waiting patiently. Primed for a move higher with gold at all time highs!

Oh the filters don't like Viking names it would appear XD

haha you said what we were all thinking ****! xd

SOLG has been stuck in limbo for years! Nothing ever seems to happen. Even with the financing agreement last month it's still a long way of production.