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Amara Share Discussion Threads
Showing 3251 to 3271 of 3275 messages
|The QTY report is out; worth a listen to the CEO conference call, Jeff sounds like one hacked off but focussed individual.|
|Had to cut and paste this post from the Hot Copper site; make of it what you will:
Blacks, Coilinchi et al,
I will only post once as I am a professional fund manager with limittd time and clearly the largest investor in Perseus on this retail forum.
They do not need any money for Sissingue as they have >50 million on hand will generate at least 60 million from July 2017 - June 2018 (200,ooo oz at AISC 900 with gold price received of at least 1280, remember hedge) + 40 million approved loan from Macquarie. Total cash sources in the next 15 months are 150 million USD. Minus 20 million required to complete Yaoure DFS, the company will have 130 million in available liquidity or 2 x the required funds to complete Sissingue.
From that point onwards with Edikan & Sissingue producing 280,000 oz at a combined AISC of 850 and assuming a flat gold price of 1300, the company will produce 420,000 oz from July 2018 to December 2019 (Sissingue fully ramped up). This will equate to 185 million in cash. Plus remaining cash of at least 30 million, the company will have 60% of what will be required for Yaoure, the rest of it will be debt funded. And this is assuming Gold will not be 1500 during the next 3 years which is very likely as the previous peak of 1900 was in 2011! Inflation is rising.
So you have a pretty solid shot for 1.5 AUD per share in the not too distant future.
Unless you want to put serious time in investing no point in punting. I was the one with the 2.9 million order a week ago and 2.2 million on Monday. Currently hold 11.1 million shares at ASX & TSX or around 1% of outstanding total.
|Life of mine plan for Sissingue published, but PRU share price remains subdued and in a rut: hTTp://www.perseusmining.com/aurora/assets/user_content/20170331_Sissingue%20LOMP_Final.pdf|
|Funding update for Perseus + Edikan current performance hTTps://www.bloomberg.com/press-releases/2017-03-13/perseus-mining-limited-secures-funding-for-growth-strategy|
|Dawes recommends PRU but is not an investor in the stock (ct. many of his other picks): hTTp://www.abnnewswire.net/press/en/87223/MPS|
|Thanks rogsim. Nice to see that PRU is on the buy list|
|Here is the LOMP: hTTps://www.bloomberg.com/press-releases/2017-02-21/perseus-mining-limited-updates-life-of-mine-plan-for-edikan-gold-mine-izg4wt51|
|The new Edikan LOMP looks promising.|
|Dead in the water|
|Trust Amara to find a dud company to take them over.
No sign of a London listing; the year's nearly up.|
|DOWN ANOTHER 7%|
|Maybe worth speaking to the Company about getting them sent to an Aussi trading account, then sell them (if you want) and transfer the money back to the UK.|
|The analysts' questions got to the heart of the matter that's for sure; Jeff's answers were a little defensive, but, as you say Darcon, 'reasonably' reassuring. He did sound like he appreciated the precarious nature of his status in the Company.
I've a feeling they took their eye off the (operational) ball in the run up to the AMA acquisition and are now paying the price for spreading themselves too thinly in terms of management focus and effort. The new LOMP will be key to how this is valued in 2 or 3 months. It's still possible to turn this around and punch up the share price. It's not quite an ex-parrot yet.|
|I read the quarterly and listened to most of the conference call last night and am reasonably assured that they are doing a thorough job to address the issues identified. Main issue that the market seems to be concerned about is the head grade and life of mine and value implications. And management are working on persuading the market that that is a temporary issue that will pass. The proof will be in the pudding.|
|JQ sounds very upbeat about the future production at Edikan, but then he would say that, wouldn't he.|
|Wont exist in 6 months time|
|Yep, one can only hope that it's all sweet from here on in for the Company, but of course there's also the 'gold problem' to consider.|