Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Thank you for posting this, but I can't follow your numbers.
Using the figures you've provided:
5t/h x 70 hours x 48 weeks = 16.8kt/year not 27.4kt
Ignoring the value of the silver as it's immaterial, if there are 1600oz gold in 31kt of spoil then there is 867oz gold in the 16.8kt that can be processed in a year, initially.
Applying Phase 1 gravity recovery, 433oz of these 867oz can be recovered in the year.
At $2000/oz these 433oz are worth $866k
As this is concentrate, 90% of that $866k is $779k
That $779k in £ is £612 per year.
As the JV is 50/50 GWMO can only realise 50% of this recovery in any timeframe, I presume. So at Phase 1 at a 5t/h processing rate, GWMO should expect revenues of £306k per annum or £25.5k per month.
As long as equivalent or better feed spoils/tailings/whatever can continue to be found, one can extrapolate how revenue will adjust proportionally upwards if the processing rate is increased from 5t/hour to 10 or more (it's hard to directly translate what the hourly limit will be from the 200t/day limit given in the RNS today). Revenue will also additionally adjust upwards substantially when Phase 2 chemical recovery is implemented.
Lucky, except lions do need protecting, what with habitat destruction and trophy hunting.
Personally, like many a January before, I'm now hoping that any significant SP increase will hold off until around the 7th April.
If the shareprice could just sit around here until Friday, I'd be much obliged.
Actually, Gecko, the average person has an IQ of 100, that's just how the measurement works.
Mr Y,
So, I think what they're saying is "in year one, we'll dig up the choicest bits first and these areas will have a higher density of pgm per tonne of ore than the average for the whole area".
Mr Y,
The only previous figure I can find for PGM (pd eq) at MT is from the 31st May 2017 RNS, which seems to give a general grade of PGM (pd eq) for the area as 2.02g/t. If I have missed an interim grade figure (rns'ed between 31st May 2017 and now), I apologise (researching on my phone isn't ideal).
Based on these figures, it would seem that the pd eq grade in the most recent rns (3.1g/t or 3.5g/t) is higher than the 2.p2g/t rns'ed in 2017.
Can you point me to where the 3.1g/t or 3.5g/t have been previously rns'ed - or an alterative figure, if that was provided?
Franny1968,
I very much doubt the ex-dividend date will be on the date the dividend is announced - because, unlike a regular dividend, this will probably require a shareholder vote, which cannot be held on the date it is announced.
Possibly the share could be suspended between the announcement and the vote, but I doubt it.
By "re-invest" they mean 'into your ISA, if you've withdrawn the cash (into your bank account', not 'keep it in your ISA and invest in companies again.
OSF,
The dilemma for those who wish to sell (to incur cgt rather than pay dividend income tax) but buy back soon after to remain holders, is the uncertainty of the share price when the dust settles and the status and direction of the company becomes clearer. This is compounded by the 30-day rule, as it won't even be clear at the point of sale (pre-ex-dividend) what the buy back price might be; as the delta might be smaller or larger than the dividend value, depending on unquantifiable circumstances.
For me, my trading account holdings will attract around 10% more tax if I received the dividend rather than sell and rebuy - but that is based on the very questionable assumption that the difference in sell and buy prices remains roughly equal to the dividend value. I don't know how to quantify the effect on the base sp (what the company is worth excluding the payable dividend) in the face of them having successfully executed their asset disposal strategy. I'm wondering whether the known unknown of paying higher tax through receiving a dividend is a better medium term risk management strategy.
Mac,
I don't know enough to have an opinion as to how long is reasonable. My personal stance is 'it takes as long as it takes' and I'm content to hold and wait.
Hawkspear, the 2 years+ holding of AIM shares only counts for inheritance tax exemption purposes, I believe.
Sorry, that is to say, the £15k isn't completely correct. It is right if the gain and loss were in the same year. E.g. not tax, plus a £15k loss to carry. Otherwise, as per my previous post.
Mycool,
The £15k loss isn't correct. Once the £225k gain was crystalised, that figure became the new capital (subsequently lost). So, if the loss on the new shares was in the same tax year, the gain and loss would likely cancel out. If the loss was in a subsequent tax year, £40k tax would be owed and, nominally, a £225k loss could be declared and carried - but these would not cancel.
HM, if you are talking about your experience with a SIPP that is not the same as a regular trading account.
You should have recorded the gain on your tax return for thst year. Almost certainly you would owe tax on such a gain - regardless of whether you then lost the proceeds in a subsequent transaction.
As others have already pointed out, the determining action is when you sell for a net profit, not when you remove funds from your trading account.
Scottydogg, I read his spam. You must also have given it a cursory glance to know what it's about.
It still baffles me that the mining world uses 'equivalent ounces'. As, over time, the relative prices of the individual metals in the basket drift it makes the figure increasingly unreliable.
Without knowing the ratio of the metals used in the initial calculation (and the change in spot prices between then and now), we don't know how accurate 104Moz pt eq is today. It's still going to be a large number, but is it 94Moz or 114Moz - who knows?
If maxed out with EUA already, the only solution would seem to be to sell a proportion of your rights and use the nil-paid funds to purchase additional shares.
https://www.google.com/amp/s/moneyweek.com/350476/what-to-do-with-a-rights-issue%3famp
I bought more shares on Monday, at 33.65p - because I thought there might be some upward movement. My average is about 25p. Am I happy that the share price is lower today? Yes, because, if the price stays in this area, I will be able to transfer more shares into my ISA (the saving on which will be more valuable than the additional shares I bought). Low price now = better result for me later, and I fully expect later to be much much better than now.