RE:Jewelry sales up 38 percent Looks like a very prosperous 2022 ahead. By my estimation at the current production levels and at current rough prices we should do an adjusted EBITDA of well over CAD160 next year.
Crazy Provisions taken last year must be written back so 2022 will be on the back of a serious 2021 audited figure. Reversing the crazy provision of circa CAD200m im expecting an adjusted EBITDA including the write back of over CAD 300m. That allied to what will be a great trading year in 2022 will finally give a representative balance sheet for the share price to aspire to.The EBITDA translates to lots of extra free cash to paydown debt. At least CAD100m between Q3 2021 and Q42022 by my rough calculation.
New CEO seems far more PR friendly, management seem to be getting the shakeup they deserved and the future looks brighter than ever. Rough prices trending higher at a 10 year high. Lots more exploration planned. Managment on record saying they are working well with bondholders to put this percieved issue to bed. The last 2 repotrted quarters were both in the top 3 best Quarters ever
Debeers chance at a cheap swoop well and truely gone- time to pony up if they want it if not roll on the dividends when the debt has been restructured and piad down somewhat.
Its time to make some serious money - most of the costs in the first 2 quarters but what a difference 18 months makes. Its very hard not to be confident abut the future here.
Good luck to all longs