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Patagonia Gold Share Discussion Threads
Showing 12551 to 12575 of 12575 messages
|I have faith in Patagonia!|
Agreed not quite as precarious but they paragraph goes on to state
"In addition, the Company is looking into the development of COSE and the Cap-Oeste sulphide resources which would be financed through internal cash flow, supplier credit and other project financing alternatives."
Still demands on cash but perhaps not as worrisome as an initial look at the balance sheet suggests.|
|I believe this is the time to pick up such companies when their share prices are just pennies with the forecast predicted.
If they were already further on their share-price would clearly be higher already. Though to be in profit, after a loss last year, would've brought far more reaction on a different day I'm sure..|
|"Net current liabilities of $14m. Further funding needed probably a placing IMHO."To support mortimers point:186000k production x $400 per oz = $74m over 3 years.Even if they hit a fraction of the target they can pay down $14m.|
|sleveen, looking at the balance sheet I thought that as well. But in the going concern notes they state:-
"With the installation of the agglomeration circuit, the Directors are forecasting production from Cap-Oeste of 68,500 oz AuEq for 2017 and the Directors therefore believe that the cash flow generated from this project will be sufficient to meet its obligations and lower the Company's debt position while at the same time enabling it to continue with its exploration activities"|
|Net current liabilities of $14m.
Further funding needed probably a placing IMHO.|
2016 Financial Highlights
-- A total of 24,572 oz AuEq sold during 2016 at an average gross price of $1,232.50/oz
-- 15% increase in revenues to $30.0 million (2015: $26.1m)
-- Achieved first annual profit after tax of $1.1 million (2015: $14.4 million loss
Hey I was a bit late off the mark this morning.....but 'Achieved first annual profit of 1.1 million $s!|
|Yes good rns today|
|Whilst the delay is frustrating they seem confident that with the higher recovery rate 2017 production is still on target.|
|Fkin ell. A miracle, its above 2p. What happened to all the news flow we were due. Seems the new CEO is'nt much of an advancement on the old bunch.|
|Annual report due April apparently .....
'(29/09/2016) ceo - "...the outlook for the second half looks promising"'|
|Indeed but let the trend be your friend!|
|One swallow doesn't make a summer :)|
|Well done Patagonia|
|Well deserved blue
|gold up 16.7|
|Not giving up yet!|
|Well perhaps I am just working on old loyalties here....it certainly did me proud in the past and I got in a afresh as it seemed so low.
We will see!|
|Too long.It was born out of Brancote which was taken over in 2001 leaving a rump business,HPD Exploration subsequently renamed Patagonia Gold.Of course,old stalwarts like Humphrey have now retired and things seemed to have just got worse and worse.I think the company is operating in the wrong country,Argentina.Nonetheless,transformations can occur,look at Mariana now doing great things in Turkey.Has poor old Patty got the necessary drive and imagination?Hey ho,award a few more share options .|
|How many years has this company been going?|
Real success story this - just like you predicted over a year ago.|
|No interest as such,more an ongoing appreciation that this company is run for the benefit of its employees only.|