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67.5¢ tietto minerals limited

The report boosted my confidence as the stock had been bombarded...

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equityma

2,184 Posts.

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03/08/23

15:00

Post #: 69139638
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Originally posted by speculator101: ↑

Not sure you could ask for a better update really.
11.6k produced, even if never beaten, puts them at 140k p.a (clearly once they are able to feed higher grade, over lower, then the numbers will increase further). Plant is humming at 16kt per day, or... annually, 5.84mtpa! Just a tad over nameplate I would say.
Cash position increased for the first time, showing it really is at 'commercial rates', which again, bodes very well and if they meet even the low end of guidance, will be debt free and building cash before the end of the this calendar year.

I had wondered why there was so much buying support at $0.50.

Pure speculation on my part.
11.6 July.. then a 10% increase progressively over the next 5 months?
12.7
14
15.4
17
18.7
90k ounces, or... just over 10% under guidance, which I think the market would still be more than happy with.

Grade reconciling and a great appointment.
Good luck to all holders.

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The report boosted my confidence as the stock had been bombarded with negative posts.

A takeover target from Pru in light of the increased production, IMO.

TIE Price at posting: 53.8¢ Sentiment: Buy Disclosure: Held
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