My concern is around off take figures. I am fully loaded also...

First 37 Last

Share
Profile

Follow
gary69

131 Posts.

23

23/06/21

11:19

Post #: 54011231
Share

Originally posted by redned71: ↑

g’day Troisi,
yeah, that seasonality is probably what’s going on, although I must admit, I didn’t think it would hold above $200 (still may not; who knows in this crazy market). It’s also up and down all the time. 2 nights ago down 5%, last nite up 3.7%. Wall st up a little last nite, so today should be ok.
short term gyrations on SP don’t mean much. Story hasn’t changed. Just closer to first sale.
hopefully they’ll give us a comprehensive update on their plans once we’re off and running. great time to top up for those not already fully loaded like me. We know they’re dividend focused. So it’s only a matter of time. Divs normally announced in half and full year reports. That’s March & September going by the previous ones. There won’t be any sales in this years annual report, so it’s likely the first div will be announced next March. Although they can declare a special div anytime they like.
Being the very good managers we know they are, I would think they’d want at least 6 months revenue and see everything running at/above plan. So I’m expecting March,
As I’ve said before, patience is essential, when investing in emerging junior resources.

I’m looking forward to that step out drilling, to increase high grade LOM & output above initial 1mtpa. I’d like to know about some sales to local BSM’s too, so we could hopefully keep a bit more of the nice high prices atm.

TI1 is still my largest investment.

cheers,

ned

Expand

My concern is around off take figures. I am fully loaded also and still believe in the story etc etc, I am here for dividends at my holding size.

But I don't like being in the dark about what the agreement is. If it is highly favourable for us we will run hard because of the effect it will have on Div price given our low cost of production. But should it be at a huge market discount I think a lot of people will get out.

I am in so not down ramping but just sharing the final concern for me.

Gazza69

TI1 Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply