Ann: Retraction of In-Ground Valuation, page-28

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Voytek

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10/06/20

11:44

Post #: 45132985
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Originally posted by hanabi: ↑
Quotes from the video:

We'll only make 40,000 odd ounces (per annum), but out of that 40-odd thousand ounces, you know, we'll generate 18 to 20 million free cash every year.

Regarding Bluecap transaction:

Q. What is your 65% worth?
A. The metrics on the pit generate about $7.5 million free cash; I guess that is about $5.5 mill (to ARS).

At 24:20 in the video:
Como Engineers are doing the feasibility study, and we're just sort of finalising that. It's due for being released at the end of this month, along with the ore reserves statement, the first maiden ore reserve statement.This feasibility will be plus or minus 20%. We've spent a lot of time on it, and we've also done a lot of metallurgical work, so it'll be pretty tight, the finance model will be pretty tight; it's not going to be too floppy. So I think we will be looking at some quite interesting numbers for this project. People might get a surprise (big smile). I'm looking at the optimisations of the pit shells as they're coming through, and the op-ex, and I (even bigger smile) think they are going to look pretty good.

They're going to look pretty good eh? And you're smiling so that's good.

Guys, don't fall for this "we retract guidance" rubbish. Clearly James knows what he is talking about, and that is why Aurenne want it. It is simply unforgivable for the board to even consider, let alone promote by stealth (by retracting Jame's forecasts), a takeover prior to the release of the maiden ore statement.

All IMHO.
Expand
James was right saying that ARS is often day-traders stock too eg the same amount
bought an hour ago for 0.044 is now offered back for sale at 0.045 (at profit of $400):
10:21:20 AM 0.044 446,604 19,650.576 ASX

ARS Price at posting: 4.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

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