The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
To end on a beer induced high, I have some confidence that several drafts of the economic study report have been shared with MF, he will most likely have kept the offtakers in the loop to manage expectations, and he still sounds very positive of striking a deal. I hope his positivity is genuine !
Thanks I only saw the headline number, it actually helps us in this case as we can build stage 2 once prices are more reasonable. I suspect the back on forward on the economic study is in part due to the kick up in inflation and also SL has very dynamic and well documented pricing issues, must be tricky to strike a baseline within all that volatility.
I am also in ACP and the mining licence was granted back in September, it has a DFS, there has been no increase in market cap because the offtake agreements have not yet been finalised. There was a spike on IML being granted but it slipped back. Folks won't drive in until the offtakers have been agreed and the dilution is known. Let's hope he turns around the offtakers quicker than ACP!
Couple of comments,
Could be that MF isn't commenting on the licencing process because of cultural reasons, has any one worked in SL and know if this could be the case ?
Ref the imminent study, what they actually said was "we are expecting to receive the final report imminently"
They didn't actually say it would be released imminently but that is a reading between the lines folks have made.
A good follow up question re risks re increase of fuel costs would have been how much if any of those increases have been reflected in the recently revised cost per ounce. Did she say fuel costs have doubled in Ghana ? Must be a reasonable chunk of costs tied up in running the machinery.
The reported trades are low in volume, and MMs have been quick to drop the bid. Let's see if we have a buyer in the background ready to mop up again.
Thanks, had been waiting for an update. So it looks like he's valuing race course at £100m and nothing for Ascot. May as well have waited a couple more months and with more data done a more accurate assessment. Next company after XTR, ALL, he got wrong and underestimated the macro economics, let's hope for the same here.
We had a 100k buy last week and didn't move the SP. Hoping they declare the gold pour this month as assuming it's a good one will generate some volume and hopefully get the seller out.
Volume was good today at 2 mil shares traded (4x 3 monthly average) shame the price didn't reflect, hopefully the seller is cleaned out soon.
Interesting it's the shareholders pushing for akrokeri, it's a big derisk to have another source of ore and must be perceived as a key to unlock us from being junior to something bigger ?
Thanks for the update Wasa. It all adds to the positive story unfolding here but I really hope we see recovery rates on a monthly basis as it's a key KPI till the gold loan is repaid.
These are the kinds of interviews that make connections and raise the profile. Because XTR were mentioned at the end it went into our telegram group and I was asked by one of the interviewers what I thought about the CMET offering. 200 potential investors in that group alone. Plenty of news on the horizon, hopefully we reached the bottom and a nice 20k delayed buy reported Friday.
https://www.smh.com.au/business/the-economy/get-ready-the-mining-boom-on-steroids-is-coming-20220331-p5a9qp.html
This article doesn't talk about copper but it resonated because it talked about the challenges of remote projects and fly in fly out, which won't be such an issue for bushranger being 200km outside of Sydney.
Iceberg, always been intrigued looking at those x sections as to how they even go about modelling the total shape including all the nodules. Those holes that they think nick just the top or sides, or more than one. Just doesn't seem like you could ever get enough data points to really model with any accuracy. (previous life was a aerospace CAD modeller, creating precision models, hard for me to get my head around resources)
Butlerman, the longer the conflict continues, the greater the humanitarian price, the more pressure western politicians will come under to act by their citizens, increasing the chance NATO become involved i.e. no fly zone, leading to further escalation, all in my opinion.