Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
davey,
All stock from abroad (likely everything Asos sells) is more expensive due to currency moves.
So tighter margins, though I am guessing this as I work in the logistics industry which I feel I can speak about with some authority. My industry (on which an internet business is utterly reliant) is heavily reliant on the cheap labour that you cite as cause of the problem. You need to rethink your argument.
And let's not forget it is all going on a mile under ground so coming to a rapid conclusion with very little visibility could make you look daft. Plenty of money has been spent drilling holes on 3d images that have come up dry across the world.
Approx 2p on the price.
Sense check....
Cannot be worse than Mariposa-1, so 1,000bpd net to Amerisur, 365,000 a year and maybe they make 20 dollars if it is same decent quality oil as Mar. 1?
5.5m sterling a year income for 25m on the market cap, p/e of about 5.
You can see a sort of logic but the feeling that M-1 is held back and the greater scale of the new find make the market look less than generous given the implications for the field scale of this find.
And the oil price is poor at the moment.
Ought to be more probably with a forward view.
BigBiteNow,
I think you are a bit out of date.
6/11/17, contained in RNS 'The 3rd export pump at the Platanillo export facility has now been fully installed and is undergoing testing.'
15/5/2018, AGM presentation page 25 '3rd export pump in Colombia installed increasing export capacity to 28,800
BOPD'
Not strictly my professional area of expertise, but the difference in practical terms between 50k pipe and 30k pipe, or even 100k pipe is not much because of how diameters and cross sectional areas work.
I suspect other considerations like availability, the under river procedure and costs of burying it influenced the decision making process. Over analysing the 50k throughput might be a red herring.
NtoM,
Context might be everything here. Have you seen the prices of the likes of SOCO or OPHIR (both low debt producers) in this $60 oil environment. Both of whom have been keen to buy producing assets very recently.
It must be the case that Indico isn't make or break now.
The timing, whilst the drill takes place, feels good to me as it takes the immediate pressure off.
Hitting is better than missing obviously but the medium term looks totally different now.
f1,
there is a subtle distortion.
The indebted are obliged to swing for the boundary. Some get lucky, some don't but a quick scan at a later date will only reveal the big swingers who got lucky, the others will have gone.
Plodders will all be there.
Not making excuses for anybody, just illustrating that life can sometimes be not as first seen.
It is interesting how the investment here has progressed.
Initial interest bearing loans, convertible at discount, then a fee for consulting services at a fixed percentage.
Sort of a cover all bases type thought process.
Given the outcome at HB is to some extent unknown, cover yourself with both a fixed amount and a fixed numerical percentage.
You would expect this basic level of competence, and the salary is really for the contact list, but it is nice to see.
F1,
It is betting but overall it is not a good bet.
It is an extraction industry that takes punters money and turns it into salaries, as does the whole financial services industry.
This analysis also explains why some punters are selling on the way up after what appears to be just a 10% win, or whatever. They aren't as daft as is supposed, having locked in very profitable margin trades.
Just in general, not Amer specific.
Socialist,
Why would 6% return in Gun appeal when RDSB, Glaxo and HSBA offer similar?
Or buy SHRS which offers all the above plus a load of finance pibs, At least that has liquidity.
This is a diversification punt, as o13 indicated earlier, not correlated to the market and far superior interest bearing options exist.
The track record is iffy, issuing a higher ranking share with an ongoing huge salary drag (5% is still a lot) would not enhance the appeal of the ordinary shares much.
Gun needed a big win before HH and DS chimed in with the salaries. They didn't, so everything else will look unappealing.
Issuing ordinary shares would put cash on the balance sheet, which might be about the only thing that reduced the discount but without a win soon, it will just become apparent where the cash is going and what will be left at the end.
This intrigues me.
Aren't T20 essentially bets with third parties - hence the credit element - so a rollover is just an administrative exercise by the third party with no sale/buy element to register.
The enabler will need ongoing hedging but why would they transact on renewal, which as I understand it is just a timescale adjustment.
No reference to the two trades here, just in general.
workover,
Our management did rather better in their previous employ than SDX's management.
Last post complete rubbish - the Apple numbers are quarterly I think having gone back to the article for a double check.
Sort the maths out yourselves but I think that makes Amer 4 times cheaper than I thought.
Casually reading Apples full year 2018 headline numbers.
Revenue in the mid 60's, billion, profit 14bn, cash - about a third of market cap of about a trillion dollars.
Amer half year revenue in the mid sixties, cash from operation 12.5, also a third of market cap in cash.
Market cap 170m US, so 350 for a full year numbers.
A bit of trivia obviously but the convergence of the numbers (though not scale) was noted.
Very (very) superficially, Apple looks about 3 times the price of Amer, and you could argue endlessly about the validity/stupidity of the comparison - please don't, board congested enough.