Q1 Financials...and progress updatesI would expect we get an announcement this week detailing when the financials will be released along with the quarterly call. I would think the results would be announced next week or early the following week.
The gold game has changed significantly since December and I hope to see better clarity on the progress and plans going forward. I would also think, with June 30th 8.5 weeks away, we will get some clarity on the loan "anchor" and also payback mechanisms. My view would be,
before June 20th, we have:
- Clear indication of the plan going forward with:
- The loan paid in full, or, a new, large loan in place, or, (unlikely but possibe) suggestion of a takeover
- Indication and more detailed view of getting Ana Paula moving forward in rapid fashion (Partner?)
- Indication of SF mine plan updates that allow TMM to mine SF well beyond F16
Result: Overall re-rating of TMM starting in late-June/early July. The market is already starting to anticipate this.
Cheers,
B