Member Info for UpDownFlat

I agree that the results will give them a lift ,Rusty but I also recognise that for many years this company has been run really badly. DA needs to cut their excessively high costs.

Since the issue of the LTIP POLY is up 10% POG is up 3%. DA will need to make some big changes for this to become operationally efficent.

Rusty,
I dont base what I do dependant on RB. Yes where is kenj.

Wouldnt it be nice if they pay out $100m dividend in 2021.

3M tones production , Price at $181/t, cash cost $48/t, net profit and cash $100/t ?
If price stays where it is they must have net earnings/cash of $300m p.a.

And regards being critical, it is a communication, that has to be a positive sign.

I second that. I does feel like a turnaround.

Seems like Gold is playing a little bit of catch-up. It has now broken above all it's moving averages. The 5 year inflation expectaion is now 2.03 the 10 year is 1.99. Fingers crossed these reach 2.5 or higher and stay there.

or give us an update on the rogue subsidiary

I would have much preferred that they publish a proper financial reporting dates calendar on their website

Statement of the obvious

1noise
I couldn’t have said it better myself. They are putting together a high-quality management team, which was always POG's weakness. POG has the support of the legal system, there is no chance of the old P's return after this arrest. The non - cooperative staff have exposed themselves.

Time to develop a strategy. Restructure the company. Change the name. Bring down the costs. Increase the volume.

I also want to add I also think TCC will be down in 2021 due to higher through-put in the POX hub. Considering previous presentation estimates of rate of decline in costs due to through-put, I think we could see a 20% reduction in cost per ounce.

I think 2020 Year is:
Gold price $1755
EBITDA of $380M
underlying earnings and net cash inflow $180m.
Current PE 10

I think 2021 will be
Own production volume 65K ounces higher than 2020 due to new floatation plant.
Gold price $1900
EBITDA of $570M
Earnings and net cash inflow of $390M (Before TEMI or Dividend)
PE of 12

$1755 for 2020

I do actually believe you retired Banker, as it does seem to me that the business decisions in the past were not being made for the benefit of the company or the shareholders. Do you have some specifics?

Paulh143

If $1875 is the new $1200 then this share more then doubles in the next twelve months.

Was it KPMG ? This is oversight. It makes a good first step to transparency.

And in more positive news iron ore 65 FE $180/t

The press service of the Ministry of Internal Affairs of the Russian Federation also reports that another suspect from among the former leaders of the company was detained with him, but his identity was not disclosed.