RE:Trying to find....... RE:Boss speaks at Beaver Creek tomorrow...crickets chirping...
MH sed: "....you knew a serious dilution was coming, that management mis-managed the build...the only thing worse than being stupid once is doubling down on stupid...."
Concern about financing was expressed here some weeks ago when Moz was in the 1.50 to 1.75 CDN.
Many respondents were like - " Nah, they'll hold on for a better market and would never finance with share price down here"
Here we are with SP down anothe 30 or 40 % from those levels and BOOM a financing.
Curse - ur right all along man - hope u got rid of most of ur shares at your oft quote circa $3.00 sale price.
Timing is everyting, ain't it? Whew!
Get the facts? Not way off opinions given the economy and ring to run a corporation. Not always goes as planned? Something Metalazz would not know..
Surging inflation rippled through balance sheets across the mining sector in the third quarter and raised uncertainty over how far cost escalation will run amid supply chain bottlenecks and tightening labor markets. The has issues on accross the board industries.
Ballooning prices for fuel and critical items such as steel, used in construction and in mine processing, were among key items that drove inflation in the third quarter, while higher labor costs also put pressure on the sector, mining executives said during earnings calls and in response to S&P.
Inflation drove cost increases in the 5% range during the recent quarter and higher, according to mining executives.
"For the operators, inflation, supply chain and labor are all growing problems,"
Franco-Nevada Corp. Chair David Harquail said in an email.
Fuel and steel prices jumped to multiyear highs in 2021 and 2022, while global economic growth picked up pace as countries recovered from the worst impacts of the COVID-19 pandemic. That has put pressure on supply chains, driving up transport costs and tightening labor markets in some places.
"It's across the board. A lot of consumables are going up, like reagents and support materials," "
Estimated that costs for steel and other materials have jumped at least 25%, while seaborne freight prices have skyrocketed, up by double or triple.
"At Newmont Corp. flagged "unpredictable freight costs and timing of deliveries" Freeport-McMoRan Inc. President and CFO Kathleen Quirk also underscored higher shipping costs.
Executives and analysts see the potential for further cost escalation. "We are expecting upward pressure on our cash unit cost through the balance of the year and into 2022," Teck Resources Ltd.
Taking a broad view of the sector,rising inflation as a downside risk for mining companies in 2022. But, if increasing costs are biting deeper, companies in the sector are also benefitting from strong metal prices that have supported robust margins.
Margins in the gold sector will contract slightly as they hit a historic highs with metal prices expected to offset the pain of rising costs for producers.
Mining executives pointed to increasingly tough labor conditions,underlining Canada and Australia as markets where labor tightness has had an impact on productivity.
Higher metal prices may help offset rising costs but will not necessarily solve the woes in attracting qualified workers to the mining industry, Franco-Nevada's said "Longer term, if you can't find labor to work new remote locations or underground, it won't matter what the commodity price does. It puts a premium on existing operations."
Executives also cast inflation and labor tightness as a cyclical swing in the sector that has come after years of low and relatively stable costs.
Expect costs to continue to rise amid a longer than normal inflationary cycle. Inflation rearing its head in the wake of a mining bear market that may include a pullback in exploration and mine-building activity for underfunded companies?
Mining companies forced to boost spending "in the midst of an inflationary cycle.
What do you think a s Angel said "PIXIE DUST" to Metal man?
Bottom line you like Moz, future prospects for NFLD there will be growth issues and success as well and with others who have near term projetcs. Moz One of the few fully finaced to make it happen.
Regards