Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Looks good to me.
Can anyone work out what these production figures mean for XTR in hard cash. Despite an abundance of figures these seem to be the only ones that are missing. Cheers in advance.
Art
Revenue: 4,522 * 1,859= $8.4m
Production tax: $8.4m * 6% = $0.5m
Op Costs: 4,522 * 1,185 = 5.4m
Pre tax profit: 8.4-0.5-5.4 = $2.5m
XTR share: $2.5m * 23% = $0.6m or around £0.45m pre tax profit
I’m not 100% sure that production taxes aren’t included in stated cost per Oz, but think it’s better to be conservative.
Cheers
James
Add on the other Manica projects 183oz * $1812 = $0.3m or £0.225m
So all in Q1 was about £0.65m into the coffers, not too bad for rainy season.
Just happy to see any profit at this stage and more to come by the look of it.
Hi jamr
Don’t forget there are production taxes and op costs (salaries and resettlement costs) to offset from the alluvials which aren’t stated here like previous prod updates. I’d guess XTR netter maybe 100k from this
Cheers
James
Hi James,
True, forgot about that, was just running with what was in front of me. Still over £0.55m for the rainy season. Then with the ramp up we should be at maybe £0.8-£1m in Q2.
J
I'm at least pleased with this RNS, closer to very pleased even.. and the figures he talked about in in the recent podcast has now been confirmed in RNS (including vetting by Nomad)
The future looks very bright for Manica revenue for xtr .. eg very approx 4 to 5m gbp pa to xtr for years to come.. with potential for that to be grown out further too... and this makes the current s/p just too low by most any definition imho..
(I absolutely do not believe this s/p should be under 2p now)
Hopefully now the bashers will retreat into their hiding holes. A lot of hard work by the board is now being delivered to shareholders as real value.
Very approx 4 to 5m usd - not gbp - I should have said
The company has been put on a firm footing and is now able to move forwards delivering shareholder value. Wonderful results I might add.
In CB we trust. Time for the doubters to believe in the story.
It's so very obvious that this VERY recent poster is a company stooge.
Quite unbelievable how they write as if they have been here for years.
"Ere OSV, put som,at about how the company is on a firm footing and 'ow they should all trust in me, er trust in CB!
"yes master"
Can anyone see a figure in $ what XTR have received in actual cash ?
23% of the profit is ??
The wonderful opportunity created by the board is obviously not going to be rewarding for those who cannot understand the value being created here. Why do the non shareholders who are too nervous to invest themselves try and put off the genuine holders ? Quite unbelievable.
The vast majority of shares held are in happy hands today as the value being created here starts to reveal itself.
>>The vast majority of shares held are in happy hands today as the value being created here starts to reveal itself.
Really? - I'd say the vast majority of shares are held by PI's are so far underwater, due to "The wonderful opportunity created by the board", that they can't sell....
The forward guidance by the BoD has been nothing short awful to date....
How much you getting paid by the BoD for this OSV?
Target still 4/5p?
Thanks pinocchio, this poster is like Ma on speed !
Oh Wait !
It couldn't be could it ??
They turned up yesterday. Probably the person with access the the RNS before it is released to the market. Maybe report them ASAP so they can be caught!
Then target is still 4/5p at least?
Quite often there are spikes prior to news releases but maybe this time, the market was closed before they received it.
Pointing out a good result is not pumping whereas month after month of whining by those "that have been here years" is bashing. The genuine holders can at last speak without being bullied by the bashers.
I feel like Zorro has just turned up to rescue the board ;)
Are no doubt was a good solid Q1, echoing what has been said already.
Cannot help but think Q1 RNS being dropped so soon after AGM call could mean there is more operational news updates elsewhere to come in next couple or 3 weeks!