Thanks for your view point Bellcurve. An honest conservative one...

First 12 Last

Share
Profile

Follow
Roobster

197 Posts.

17

02/11/22

17:35

Post #: 64551575
Share

Originally posted by bellcurve: ↑

immediately below is the relevant and latest commentary on Oct. 19 by KAU about progress towards starting a second underground mine, this one just a few kms from its underutilized processing plant at Maldon.

I averaged down again today, but realized that in the current moribund macro environment, incremental progress on the existing A1 mine isn't going to move the dial much on the SP.

there has been brilliant exploration success and solid production increases in a highly profitable boutique operation at A1 but these haven't registered much if at all on the SP, though they're undoubtedly SP supportive.

news of a start of a second mine is the sort of major derisking event that punters take notice of, not to mention the expected sharp jump in production from two underground mines. and these could provide the catalyst for a rerate.

that is A catalyst that doesn't appear likely to come from A1 despite some of the best exploration results reported by the industry this year and ongoing trend production increases partly due to higher grades.

I'd be surprised if the company started the second mine this year, but you'd think it's a probability this fiscal year. That makes 2023-24 an early target for an upturn in the company's fortunes.

That said, teething problems inevitably occur and take time to sort out, which puts a focus on 2024-25 as a major turnaround year. No doubt, as always, the patient will prosper.

the whiff of any news particularly about timelines would be well received by holders.

Expand

Thanks for your view point Bellcurve. An honest conservative one at that, I like it.
Cheers

KAU Price at posting: 16.5¢ Sentiment: Buy Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

HXL

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

There are more pages in this discussion • 6 more messages in this thread...

First 12 Last

Add KAU (ASX) to my watchlist

(20min delay)
Last 17.3¢		Change 0.000(0.00%)		Mkt cap ! $35.26M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
2	107765	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.0¢	23474	2

View Market Depth

No.	Vol.	Price($)
2	107765	0.170
4	103948	0.165
4	243506	0.160
1	100000	0.155
2	24500	0.150

Price($)	Vol.	No.
0.180	23474	2
0.185	50000	1
0.190	51688	2
0.195	10000	1
0.200	186175	4

Last trade - 11.15am 25/07/2024 (20 minute delay)

KAU (ASX) Chart

Day chart unavailable

Thanks for your view point Bellcurve. An honest conservative one...

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Thanks for your view point Bellcurve. An honest conservative one...

Top Stories

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

Hexima shares rise 66% on proposed acquisition of AI player Real Thing Entertainment

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

Geochemical work at Newington picks up gold and copper anomalies for Midas

Quarterly & half yearly reports: Drives Newmont up, Ampol flat, while Fortescue plunges 2.6%

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News