RE: Re: Negativity1 Mar 2021 20:43
The Learner,
Re the Cobre figures, the BoD decided to add the payments to them a few months back, to claim a rise year on year for that period. You might remember my emails to JP and the RNS correction (which was still wrong). Once they had added those figures it would now mean the year on year figures would have gone down now, so they have taken the Brendagate payments out so they can claim a rise. Complete Chicanery.
Today's RNS also had a little bit of that, stating LCCM was three times as valuable as they assessed when they acquired it. Not sure we ever saw those figures back then so are they real? In the interview today (3 mins in) JP states the copper price 'was about 2.60', however the Exchange of Contract RNS from 25/1/2018 states this,
"Copper prices have demonstrated a strong resilience during 2017 and copper is currently trading at or near to 12-month price highs. Current spot price is reported as US$3.24/lb copper." The February 2018 Presentation on the website also states the price at $3.24/lb. So is JP using different figures to come up with a lower figure for a better comparison? He wouldn't adjust figures to suit, would he?