The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The Q4 production announcement brings forward the cost issue, which is likely to be faced by most minners. Hopefully from now on we see rising margins, and rising volumes.
UBS are correct if you assume 20 times earning, but after the next 6 weeks the numbers change quite dramatically as higher volumes and higher prices start.
Yes I am sure there are lots of examples of a better divi. I think we all feel frustrated because of the lack of responsiveness of the sp @ moment. Hopefully the price moves up soon.
As far as the low div yield, a policy of 50% payout of PAT on mining stock that actually makes profits is very good.
Trav, what do you mean low asset value, the company has nearly $4b net assets.
I guess 2022 eps is 50c, which is 23 times earnings.
If Gold averages $1910 in 2023 and silver averages $24(@$1.22) than it's trading at give or take 11 times 2023 earnings, but please correct me if I am wrong
2021 EPS was 0.572c, at 940p that is 20 times earning.
Hopefully this can continue for the next two years due to outstanding long term gas cash.
The seeking alpha article is talking about small volume differences. The price of silver is up 20% in the last three months. This incremental margin drops through to the bottom line as does any rise in the price of gold or silver. It doesn't really matter if they mine slightly less silver as they are still growing volme next year.
And because this company is not a one trick pony, it cannot be ignored when gold and silver prices rise.
Gold futures for early next year are higher then today's price, which I think means that the market thinks that the gold price is going up.
Additionally Fres silver volume should be higher next year if they ever get the power going. This will be offset by lower gold volume. But they should also benifit from lower energy costs in 2023.
I think the biggest reason to be negative is the up-down trading pattern over the last twelve months.
Which does debunk the lack of good management hypothesis.
Costs was good at 7%. I think these were reasonable results. A bit slow on the new projects, but the slope is upwards. Now it depends in the price of silver and gold.
Costs seem under control.
As long as they are not making loses, which I highly doubt.
They wil definitely have higher costs. I think around 10%-15% total Cogs based on last year.
FCF, and I think their COGS is not that bad, but it is my opion
Has to be with refining and US gas and brent
Not if their ASIC is $1000-$1200, they do much much better then break even.
No maybe I am wrong, but it does seem to have a awful lot of cash