GREY:RNKLF - Post by User
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pierregon Apr 20, 2020 2:32pm
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Post# 30930932
RNC Minerals and significant anticipated fuel savings
RNC Minerals and significant anticipated fuel savingsCantor Fitzgerald Canada, Mar. 27th 20: « Operating margins stand to benefit from extraordinarily weak oil prices, a strengthening gold price and a weaker Australian dollar. » https://cantorcanada.com/sites/default/files/20200327RNX.pdf Red Cloud, Apr. 16th '20: « Continue to favour gold miners as COVID-19 related tailwinds should drive margins and stocks higher. We believe that with the gold price reaching new 12-month highs (up 8% since Feb 27th), energy costs at decade lows and for the most part weakening local currencies, we believe that companies that show QoQ financial improvements should outperform. » https://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1f9hc13-20200415-Q1-2020-Reporting-Preview-and-Commodity-Price-Update.pdf Graeme Sloan, Mar. 26th '20: « As for the fuel, the fuel prices is somewhat set, although we do get some -- certainly get some relief from the -- and we spend an enormous amount on fuel a year given that we self-generate their own power at Higgins Ville. And so we would spend close to sort of $1 million every six weeks or so. And so it's a big chunk of money and we expect to see savings around that 10% what we'll be looking for, so it has a significant impact on our overall cost.» https://ceo.ca/rnx%20dd?70738e0a30ec