TIE 0.00% 67.5¢ tietto minerals limited

Abujar Production Guidance

  1. 302 Posts.
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    I start by saying I am an enthusiastic supporter of TIE, and a substantial holder.
    In addition, I am heartened by a steadily improving production profile. TIE is definitely moving in the right direction.

    However, I think their Production Guidance still leaves a lot to be desired. They constantly overestimate their production, and missing guidance consistently , scares off institutional investors and calls into question their technical competence.

    Even recently, since the departure of MS and CW ( and their wildly over optimistic forecasts ) the guidance has been poor.

    August 2023 - Diggers and Dealers - H2 2023 - 105-120 Koz at AISC US $875-975 oz
    Sept 2023- Africa Down Under - H2 2023 - 75-85 K0z at AISC US $1175-1350 oz

    Actual Production ; September Q 33753
    October 12057

    Meaning that to reach even the lower end of the most recent guidance , we need 29190 ozs over November and December.
    Possible, but unlikely.
    If TIE are going to convince potential investors of the worth of the company , they have to meet their own , self-imposed , targets.
    Not wishful thinking.
    Underpromise and overachieve. Not the reverse.

    I suspect that again we will NOT make guidance by end December.
    After nearly a year since first pour, that is a poor result.

 
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