The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
KRSS,
no additonal market cap, but a cashflow source.
Volume goes up in 2022 and Gold goes up in 2023.
I think this share is being held in this range, until 2022
Positive RNS this morming. They are some way to a recovery in their production.
Lawrence,
I agree with the sentiment. Something is seriously wrong with this. By wrong I mean dishonest. Unfortunately, it seems as a shareholder in POG one is powerless to stop theft.
I thought the new management team were going to change that, but it appears they also to have their hands in the till.
The maths of IRC doesn’t make sense. They should like other iron ore companies be making super massive cash and profit based on their volume and cost structure. If you bought POG as a bet on commodities, to have that stolen when commodities go through their cycle is upsetting.
I have no doubt in my mind now that James Cameron and Denis Alexandrov are crooked based on the terms of sale of IRC.
Currently IRC should conservatively generate $10m cash in 2/3 weeks. Not a bad return,unless you are a shareholder.
Have you noticed that it in the corporate activities that money gets stolen? It’s a consistent pattern.
just a new bunch of plunderers, there’s nothing ethical about this lot.
I am was originally torn between calling this ignorance or malice, but I can’t call it ignorance one more time, the last time, was just that the last time. Its malice and corruption.
Maybe in a few years’ time when there is a new BOD Pavel and Denis will be roommates
Watching a slow-motion theft of assets happing
Watching a slow motion
KRSS, you really said something quite important
They have just lost the moral high ground. What right do they now have to produce a report on the corruption of the previous management ? None, they are obviously just as corrupt.
Does matter if it moves up a few pence now. Most probably gold anyway. They are selling $100m asset for $10m
I some insider somewhere benefits from this. If Gazprom will give up the guarantee for an assetless company in Germany, why not give it up for a company with Assets in the Amur region?
2 years ago when it was losing money, "it was apparently worth $10m", 2 years later and it's now in the hotest sector in the world and will gererate more free cash than POG this year and its been given away for $10m.
I am going mad, Rusty, Lawrence and Freddie are making perfect sense
Back to the bad old days of corruption
The iron ore industry is one of the most profitable industries in the world at the moment.