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Could be in a sweet spot to reopen the bond sales. Trump posting positively about China trade talks. Central banks likely to provide fiscal stimulus . China likely to divert attention from Hong Kong with economic stimulus.
If we get back to risk on on the yield curve some way from being inverted we might get the bonds away.
Here’s hoping.
What was yesterday’s news?
I look forward with great interest to your projected numbers. My first thought on your post was how low would the zinc price be with Chinese smelters at full capacity? My second thought is has this meant that less zinc has been sent to the smelters by Griffin. My third thought is that we have so much hope on the new mine area. Is this less of a potential boon if there is no spare smelter capacity. GFM might be a well run company - I doubt that it really is - but..... Instead of scouring the globe for acquisitions how about building an on site eco friendlier smelter???? We have the reserves to get a payback for decades.
Maybe 13p is the bottom. Maybe just the beginning of the fall. Maybe.
I agree with that but GFM had zero debt last week. SP was 82 2 weeks ago. zinc price is on a sharp trend downwards. Either better efficiency is implied in recent internal financials or the extension announcement is close. I agree that the SP is too cheap but see no reason why the SP has moved.
I cycled with the British Legion from London to Paris a couple of years ago. Several poignant ceremonies and fantastic welcomes from the French villagers. A very moving experience.
As an initial thought there benefits seem small. On a profitability level though a cost of C. $4.50 and extra revenue of $144 sounds like a real opportunity for POLY4 and the farmers
Were you hoping to post a link?
A fellow investor mentioned last week that there's been a change in auditors since last year. Might be taking time to get inside the financials - or they are arguing about how to treat the skeletons that they've found.