And really Hydrogen is the future of fuel. Electric is quite bad for the enviroment.
Actually, gents I think that more oil was being extracted, pre-covid, than at any point in history, and the third world appetite for oil is ravenous. The global demand for power/fuel/LNG/Hydrogen will double in the next 30 years, oil itself has a good 10 - 20 years of high bulk demand left. How much does POG use?
Rusty,
In 2019 own production was 470K.FY 21 Forecast 370-390K. Thats a 20% drop in non third party volume. We should expect a 20% drop in headcount.
1noise,
I wont post any calculations here for the sake of the board, but this share is price for gold @ $1,950
Denis,
needs to "walk the walk". If the shareholders are a priority, cut the headcount, save the costs and improve the return.
Rusty,
"If they are not going to produce as much, it is simple Mathematics to assume they won't need as many people."
HSBC, the airlines, Nokia, Renault, Volkswagen , but not POG because we don’t know what they do.
HSBC, the sirlines, Nokia, Renault, Volkswagen , but not POG
This must be the bottom. Nobody wants to put a report in their boss and mark it to market.
Really, I look at many other industries who have radically cut their headcount in the last year. And I look at POG. Who is “special” because “we” don’t know what they do. BP is cutting their workforce by 10,000
Did the convertibles convert around this price?
Based on 370-390K ounces, with a TCC of $950/ounce and a capex spend of $140m, yes clearly I am hallucinating.
Do you remember when Pavel magic'ed £200m of debt from nowhere ?
Do you remember when Pavel magic'ed £200m of debt from nowhere ?
I think takeover is Lawrence's fantasy. Mine is take-over at £1
KRSS,
I don’t think the rating agencies include IRC as part of POG's debt. That’s certainly what the S&P said 12 months ago.
I think it would only have a negative effect on the share price if IRC was in danger of going bankrupt, which they are not. A positive effect if they got $100m cash for it. A neutral affect if they give it away.
Lets hope so
Lots of info here. Good stuff.
have a good easter all.