Post by
JCSunsfan on Nov 03, 2023 2:34pm
Conference call takeaways.
1. Financing and building Florence slowed a litte? Hmm. Maybe hoping interest rates fall a little between now and January?
2. Announce 11 million pounds of production in October. That is unusual for them to announce production in the first month of the present quarter. They also said 5 million pounds extra will be added in q4 because of the strike last summer. So at 16 million pounds for q4 so far. q4 should end up at 35 million pounds or so, and with molly offsetting .23 cents a pound (add it to price we are getting, or lower c1, whichever), that makes the virtual net price for q4 copper at close to $4.
3. Pit change will impact production next year. Seems like they just did this?
4. The comment about the 30% tax credit (refundable credit) on SXEW costs coming back in 2025 could be significant. I am not sure how much of the CAPEX is the SXEW equipment, anyone know?
Sure would like to see the Florence financing announced.
Comment by
templetooth2 on Nov 03, 2023 2:51pm
Haven't gotten around to the c.c. yet. Can you advise re whether they are still planning on $50 million equity? Presumably US $. Another poster threw out a suggestion just recently that no new equity dilution was coming, but I wonder how accurate that statement might be. TIA
Comment by
JCSunsfan on Nov 03, 2023 3:20pm
From mgmt. It is an option but not likely. They have an ATM issue approved. That could be sold directly into the market or private placement at the daily market price. They would never exceed 10% of daily volume. I don't think they will do this. Just my take.
Comment by
nofluff on Nov 03, 2023 3:00pm
You r talking a 2 year money pit jc. Plus the huge cash burn on ymi, np and alley. I think they got a break with panama. It is all about copper price at this point. My dreams of 6.00 sp for my last 9000 shares is kinds pie in the sky, unless copper makes a run. Happy guessing:)) nf