Member Info for UncleBean

Basic gross revenues:-

Q2 2023: $35.6

Q1 2023: $38.6

Q2 2022: $46.6

Still good revenue but an explanation of the drop in gold recoveries would have been nice.

It'll be very interesting what the 30th June bank balance was and what the BoD have decided to do with it

Very low zinc price will severely handicap the results.

Today's AGM is in Bermuda again. Ok, the company is listed there but it's a UK listed company. Could have a zoom link if the BoD really cared for s/holder interaction.

It's the word "acquisitions" that scares me.

Just send the cash back to shareholders by dividends or capital repayments.

Sorry. I didn't take off the smelter charges so zinc $1,000 change in price is closer to $10m change in revenue based on the last quarter's production.

I appreciate that but of the gross (well after smelter charges) revenues for the quarter reported today:-

Zinc $28.3m
Gold $8.5m
Silver $ 1.2m
Lead $0.5m
A $100 variation on gold is possible to +/-- $0.5m revenue
A $1,000 variation on zinc is possible to +/- $14m revenue

FWIW (virtually nothing) I believe £1.50 will be seen again when three dividends have been received that signal 6p + a year will be consistently paid. I think a 4% yield is necessary.

Apart from the zinc price you mean?

I used to know off the top of my head the multiplier of a change in the zinc price is. I think a 15% drop = c. 65% drop in profit as costs don’t change. Break even is probably only $2,655

Risk off and zinc price fall might have something to do with it?

I have no idea but I suspect there's a few paid out options being sold. Having said that it's very low turnover so could just be people seeing what they believe to be a better opportunity and GFM always being jam tomorrow. The zinc price below $3,000 won't help either. We need to see a return to shareholders in the form of a dividend for the price to go substantially higher.

I feel the same way. Natural instinct is to take a decent profit. Very tempted to go for more. At 54 might be the last chance of a really big winner. Ummmmmmmmmmmmmm.

The last time someone posted something relating to chart break outs the price went from 70p to 130p+ within a month.

I doubt it’s that. Probably a broker putting their clients in as a proxy on the zinc/ gold price. Could be churn from the option holders.
At one point this afternoon I got a slightly higher sale price v buy price (87.9p v 87.8p) so there must have been a shortage of supply.

Something afoot?

I looked at the accounts again to see when the options expire - 31st December 2023. Also reminded myself of the break even point (zinc price only) of c. $2,550 giving the reminder that there is a cash cow underneath the disappointments. Someone must have been reading my mind.

I'm the 10,000 buy at 66.52p. Hopefully GFM still has 7p in cash in non China accounts. OK. I know all of GFM future returns are a hope, cross everything but 2023 should be really, really good. OK. So should 2019, 2020, 2021, 2022..............

Everyone off site including Accounts? Where's the Q3 production RNS?

A dividend or share purchases would be perfect in $s at the current $/£ rate.

I find it very interesting that no options are being exercised and sold.

Should have been 3.0% or higher since mid 2011.

In. Are anyone’s interested the unknown trade at 16:20:31 was a buy for my wife’s ISA. Hoping the knife has stopped falling and not just a sucker’s bounce.

Any response from OUR company?

Ummmm. Very pleasing comments from the Chairman which is welcome.

Record production but slightly disappointing metal sales, particularly gold. On the premis that the gold and lead prices have been transposed the revenue will be $3.3m less than my forecast. My EPS forecast s/be c not $ and revised to 5.2 and 4.83c. Annually this could be 19.3c and 17.9c (14.9p) but I hesitate due to waiting to see cost of production and admin costs in the interims. A p/e of less than 6 and even lower when deducting the net cash.