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If record average monthly bookings for H1 is £51m, the run rate of that suggests already easily going to hit £500m revs. If it continues they are heading to £600m which is why they can say it with confidence. Performance tracking well ahead
The video seems like a new surrounding environment to before so could be new test. Could this mean production to date has not been up to scratch? An update on processes/ grade qty produced would be a good silencer. First shipment likely not until after new deal anyway.
$35M is prepayment and we will obtain a further advance, say $5M. GR says costs will be paid for as we go but all this adds to the pot that needs to be recovered before any payday for shareholder. IE I can't see a divi until Canmax got their Spod. Will not be a problem if producing 4-5000te though but how long will it take to get anywhere near that production? We can't get a shipment RNS and do not even know if what we have i saleable! Bit of detail and clarification will go a long way to shore up the price here.
What is in the bags matters as we are talking about burn per month of $1M that needs offset at some point. All last months ramps are not justified either as we were supposed to be at 4000te per month by now. The money from canmax will no doubt come with more deadlines that need to be hit for Stark. The larger the amount they give the longer the time it is seen before we turn a corner too. Snowking you say that stark are confident that the problems 'will be' fixed suggesting this will take a bit of time.
if it takes 7te spod $28k (margin $20k historic but now shared $10k each) to make 1 te of spod $46k, the additional is $18k per 7te but out of that costs of hydroxide production have to come out. if costs were 0 the additional hydroxide profit would be £9k. so prem profit is $10k + $9kmax = $19k v $20k. cost is not zero for hydroxide production so this looks worse for us. maybe its too early but if someone has a *** packet calculation it woud help but this is how it seems canmax have got a good skinful extra.
GR first and primary points recently are that canmax main priority is supply of spodumene. They will come to the table and have not come this far for just their money back and interest. A deal will be done and since they are talking about it for days now it will be soon imo
Net cash will be negative £28M in 2024 with bumper £3M interest being forked out annually. Very high risk on a forecast bumper turnover of £571M. Everything has to go right yet we live in volatile times. I suppose we will have to see what the TR1 changes are like to see if supported or not.
Good debt reduction despite the capex showing underlying profits very good. Nice reserve increase too.
That beautiful stockpile :-)
Note the exchange rate since this time last year is highly in our favour and we have continued strong oil prices
What's the middle. Has to be great value here. Way over done imo
Don't worry. I will come